WENJI: what changed
Two financial 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.
WENJI
Largest movements
- Current investments +€25,000
up €25,000, from €0 to €25,000
- Receivables within one year -€11,920
down €11,920 (-57.4%), from €20,768 to €8,848
of which Trade receivables: -€10,735
- Deferred charges and accrued income +€3,326
up €3,326 (+150%), from €2,222 to €5,548
- Cash -€3,102
down €3,102 (-2.3%), from €132,219 to €129,118
mainly Current investments (-€25,000) and Contributions, distributions and other (-€18,300)
- Reserves +€14,443
up €14,443 (+11.1%), from €130,511 to €144,954
of which Distributable reserves: +€14,443
- Other debts +€12,086
up €12,086 (+146%), from €8,280 to €20,366
- Tax, wage and social debts -€8,831
down €8,831 (-94.1%), from €9,384 to €553
of which Taxes: -€8,831
- Current portion of long-term debt -€3,392
down €3,392 (-100%), from €3,392 to €0
- Trade debts -€1,855
down €1,855 (-36.3%), from €5,116 to €3,261
- Gross operating margin -€9,274
down €9,274 (-15.5%), from €59,963 to €50,689
- Taxes -€3,835
down €3,835 (-19.8%), from €19,388 to €15,553
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.
Derived cash bridge
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 | €158,685 | €171,136 | +€12,450 | +7.8% |
| Fixed assets | 21/28 | €3,476 | €2,622 | -€854 | -24.6% |
| Tangible fixed assets | 22/27 | €3,476 | €2,622 | -€854 | -24.6% |
| Plant, machinery and equipment | 23 | €2,563 | €2,622 | +€59 | +2.3% |
| Furniture and vehicles | 24 | €913 | €0 | -€913 | -100% |
| Current assets | 29/58 | €155,210 | €168,514 | +€13,304 | +8.6% |
| Amounts receivable within one year | 40/41 | €20,768 | €8,848 | -€11,920 | -57.4% |
| Trade receivables | 40 | €19,583 | €8,848 | -€10,735 | -54.8% |
| Other amounts receivable | 41 | €1,185 | €0 | -€1,185 | -100% |
| Current investments | 50/53 | €0 | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €132,219 | €129,118 | -€3,102 | -2.3% |
| Deferred charges and accrued income | 490/1 | €2,222 | €5,548 | +€3,326 | +150% |
| Total equity and liabilities | 10/49 | €158,685 | €171,136 | +€12,450 | +7.8% |
| Equity | 10/15 | €132,513 | €146,955 | +€14,443 | +10.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €130,511 | €144,954 | +€14,443 | +11.1% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €130,311 | €144,754 | +€14,443 | +11.1% |
| Profit (loss) carried forward | 14 | €2 | €2 | = | 0.0% |
| Amounts payable | 17/49 | €26,173 | €24,180 | -€1,992 | -7.6% |
| Amounts payable within one year | 42/48 | €26,173 | €24,180 | -€1,992 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €3,392 | €0 | -€3,392 | -100% |
| Trade debts | 44 | €5,116 | €3,261 | -€1,855 | -36.3% |
| Suppliers | 440/4 | €5,116 | €3,261 | -€1,855 | -36.3% |
| Taxes, remuneration and social security | 45 | €9,384 | €553 | -€8,831 | -94.1% |
| Taxes | 450/3 | €9,384 | €553 | -€8,831 | -94.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,280 | €20,366 | +€12,086 | +146% |
| Non-recurring operating income | 76A | €3,297 | €0 | -€3,297 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,328 | €1,645 | +€316 | +23.8% |
| Other operating charges | 640/8 | €680 | €505 | -€175 | -25.7% |
| Non-recurring operating charges | 66A | - | €103 | +€103 | |
| Gross operating margin | 9900 | €59,963 | €50,689 | -€9,274 | -15.5% |
| Operating profit (loss) | 9901 | €57,955 | €48,436 | -€9,519 | -16.4% |
| Financial income | 75/76B | €98 | €0 | -€98 | -100% |
| Recurring financial income | 75 | €98 | €0 | -€98 | -100% |
| Financial charges | 65/66B | €588 | €140 | -€449 | -76.3% |
| Recurring financial charges | 65 | €588 | €140 | -€449 | -76.3% |
| Profit (loss) for the period before taxes | 9903 | €57,464 | €48,296 | -€9,168 | -16.0% |
| Income taxes | 67/77 | €19,388 | €15,553 | -€3,835 | -19.8% |
| Profit (loss) for the period | 9904 | €38,076 | €32,743 | -€5,333 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,076 | €32,743 | -€5,333 | -14.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.