WENGE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
WENGE
Largest movements
- Current investments -€2.5m
down €2.5m (-12.6%), from €20.2m to €17.6m
- Cash -€1.0m
down €1.0m (-77.9%), from €1.3m to €292,070
mainly Other debts (-€7.4m) and Receivables within one year (-€79,563)
- Other debts -€7.4m
down €7.4m (-33.0%), from €22.4m to €15.0m
- Profit (loss) carried forward +€3.0m
new in 2025: €3.0m
- Tax, wage and social debts +€548,858
up €548,858, from €0 to €548,858
of which Taxes: +€548,858
- Financial charges -€18.3m
down €18.3m (-96.7%), from €18.9m to €630,329
- Financial income +€2.0m
up €2.0m (+71.5%), from €2.8m to €4.9m
- Taxes +€905,853
up €905,853 (+873.5%), from €103,706 to €1.0m
- Other operating charges +€32,466
up €32,466 (+1231.4%), from €2,637 to €35,103
- Gross operating margin +€3,761
up €3,761 (+8.7%), from -€43,107 to -€39,345
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,687,165 | €18,932,517 | -€3.8m | -16.5% |
| Fixed assets | 21/28 | €910,411 | €637,234 | -€273,177 | -30.0% |
| Tangible fixed assets | 22/27 | €291,238 | €117,046 | -€174,193 | -59.8% |
| Plant, machinery and equipment | 23 | €265,743 | €100,785 | -€164,958 | -62.1% |
| Furniture and vehicles | 24 | €25,496 | €16,261 | -€9,234 | -36.2% |
| Financial fixed assets | 28 | €619,173 | €520,189 | -€98,984 | -16.0% |
| Current assets | 29/58 | €21,776,754 | €18,295,282 | -€3.5m | -16.0% |
| Amounts receivable within one year | 40/41 | €285,247 | €364,810 | +€79,563 | +27.9% |
| Trade receivables | 40 | €86,214 | €183,984 | +€97,770 | +113.4% |
| Other amounts receivable | 41 | €199,033 | €180,826 | -€18,207 | -9.1% |
| Current investments | 50/53 | €20,171,836 | €17,628,761 | -€2.5m | -12.6% |
| Cash at bank and in hand | 54/58 | €1,319,670 | €292,070 | -€1.0m | -77.9% |
| Deferred charges and accrued income | 490/1 | - | €9,641 | +€9,641 | |
| Total equity and liabilities | 10/49 | €22,687,165 | €18,932,517 | -€3.8m | -16.5% |
| Equity | 10/15 | €197,684 | €3,190,293 | +€3.0m | +1513.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €177,684 | €177,684 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €177,684 | €177,684 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €2,992,609 | +€3.0m | |
| Amounts payable | 17/49 | €22,489,481 | €15,742,224 | -€6.7m | -30.0% |
| Amounts payable within one year | 42/48 | €22,489,481 | €15,741,925 | -€6.7m | -30.0% |
| Trade debts | 44 | €66,220 | €172,852 | +€106,633 | +161.0% |
| Suppliers | 440/4 | €66,220 | €172,852 | +€106,633 | +161.0% |
| Taxes, remuneration and social security | 45 | €0 | €548,858 | +€548,858 | |
| Taxes | 450/3 | €0 | €548,858 | +€548,858 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €22,423,261 | €15,020,215 | -€7.4m | -33.0% |
| Accrued charges and deferred income | 492/3 | €0 | €299 | +€299 | |
| Non-recurring operating income | 76A | €6,688 | €18,763 | +€12,075 | +180.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,503 | €174,193 | -€311 | -0.2% |
| Other operating charges | 640/8 | €2,637 | €35,103 | +€32,466 | +1231.4% |
| Gross operating margin | 9900 | -€43,107 | -€39,345 | +€3,761 | +8.7% |
| Operating profit (loss) | 9901 | -€220,246 | -€248,641 | -€28,394 | -12.9% |
| Financial income | 75/76B | €2,846,315 | €4,881,137 | +€2.0m | +71.5% |
| Recurring financial income | 75 | €2,846,315 | €4,881,137 | +€2.0m | +71.5% |
| Financial charges | 65/66B | €18,940,378 | €630,329 | -€18.3m | -96.7% |
| Recurring financial charges | 65 | €18,940,378 | €630,329 | -€18.3m | -96.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,314,310 | €4,002,168 | +€20.3m | |
| Income taxes | 67/77 | €103,706 | €1,009,559 | +€905,853 | +873.5% |
| Profit (loss) for the period | 9904 | -€16,418,016 | €2,992,609 | +€19.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,418,016 | €2,992,609 | +€19.4m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.