WENKO: what changed
WENKO
Largest movements
- Tangible fixed assets -€280,765
down €280,765 (-100%), from €280,765 to €0
of which Land and buildings: -€277,367
- Current investments +€240,000
new in 2025: €240,000
- Deferred charges and accrued income -€52,417
down €52,417 (-100%), from €52,417 to €0
- Cash -€19,588
down €19,588 (-72.1%), from €27,175 to €7,587
mainly Current investments (-€240,000) and Debts after one year (-€81,484)
- Debts after one year -€81,484
down €81,484 (-100%), from €81,484 to €0
- Reserves -€26,038
down €26,038 (-7.7%), from €337,009 to €310,971
- Tax, wage and social debts +€20,777
up €20,777 (+887%), from €2,343 to €23,119
- Other debts -€17,972
down €17,972 (-100%), from €17,972 to €0
- Current portion of long-term debt -€14,385
down €14,385 (-48.8%), from €29,505 to €15,120
- Gross operating margin -€117,899
down €117,899, from €76,896 to -€41,002
- Financial income +€35,806
up €35,806 (+59.7%), from €60,001 to €95,806
of which Non-recurring financial income: +€95,440
- Taxes +€16,454
up €16,454 (+99.9%), from €16,475 to €32,929
- Depreciation -€8,993
down €8,993 (-100%), from €8,993 to €0
- Financial charges +€2,399
up €2,399 (+38.3%), from €6,272 to €8,671
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €484,565 | €371,534 | -€113,032 | -23.3% |
| Fixed assets | 21/28 | €404,712 | €123,947 | -€280,765 | -69.4% |
| Tangible fixed assets | 22/27 | €280,765 | €0 | -€280,765 | -100% |
| Land and buildings | 22 | €277,367 | €0 | -€277,367 | -100% |
| Furniture and vehicles | 24 | €3,398 | €0 | -€3,398 | -100% |
| Financial fixed assets | 28 | €123,947 | €123,947 | = | 0.0% |
| Current assets | 29/58 | €79,854 | €247,587 | +€167,733 | +210% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €262 | €0 | -€262 | -100% |
| Other amounts receivable | 41 | €262 | €0 | -€262 | -100% |
| Current investments | 50/53 | - | €240,000 | +€240,000 | |
| Cash at bank and in hand | 54/58 | €27,175 | €7,587 | -€19,588 | -72.1% |
| Deferred charges and accrued income | 490/1 | €52,417 | €0 | -€52,417 | -100% |
| Total equity and liabilities | 10/49 | €484,565 | €371,534 | -€113,032 | -23.3% |
| Equity | 10/15 | €349,409 | €329,571 | -€19,838 | -5.7% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €337,009 | €310,971 | -€26,038 | -7.7% |
| Distributable reserves | 133 | €337,009 | €310,971 | -€26,038 | -7.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €135,157 | €41,962 | -€93,194 | -69.0% |
| Amounts payable after more than one year | 17 | €81,484 | €0 | -€81,484 | -100% |
| Financial debts | 170/4 | €81,484 | €0 | -€81,484 | -100% |
| Amounts payable within one year | 42/48 | €53,672 | €41,962 | -€11,710 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €29,505 | €15,120 | -€14,385 | -48.8% |
| Trade debts | 44 | €3,853 | €3,723 | -€130 | -3.4% |
| Suppliers | 440/4 | €3,853 | €3,723 | -€130 | -3.4% |
| Taxes, remuneration and social security | 45 | €2,343 | €23,119 | +€20,777 | +887% |
| Taxes | 450/3 | €2,343 | €23,119 | +€20,777 | +887% |
| Other amounts payable | 47/48 | €17,972 | €0 | -€17,972 | -100% |
| Non-recurring operating income | 76A | €0 | €48,335 | +€48,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,993 | €0 | -€8,993 | -100% |
| Other operating charges | 640/8 | €10,507 | €9,241 | -€1,265 | -12.0% |
| Gross operating margin | 9900 | €76,896 | -€41,002 | -€117,899 | |
| Operating profit (loss) | 9901 | €57,397 | -€50,244 | -€107,640 | |
| Financial income | 75/76B | €60,001 | €95,806 | +€35,806 | +59.7% |
| Recurring financial income | 75 | €60,001 | €366 | -€59,635 | -99.4% |
| Non-recurring financial income | 76B | - | €95,440 | +€95,440 | |
| Financial charges | 65/66B | €6,272 | €8,671 | +€2,399 | +38.3% |
| Recurring financial charges | 65 | €6,272 | €8,671 | +€2,399 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €111,125 | €36,891 | -€74,234 | -66.8% |
| Income taxes | 67/77 | €16,475 | €32,929 | +€16,454 | +99.9% |
| Profit (loss) for the period | 9904 | €94,650 | €3,962 | -€90,688 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €94,650 | €3,962 | -€90,688 | -95.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.