WENKON: 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.
WENKON
Largest movements
- Receivables within one year +€260,609
up €260,609 (+173%), from €150,691 to €411,300
of which Other amounts receivable: +€364,079
- Receivables after one year +€257,683
up €257,683 (+37.0%), from €696,642 to €954,324
- Cash -€67,961
down €67,961 (-86.0%), from €79,014 to €11,053
mainly Contributions, distributions and other (-€708,739) and Receivables within one year (-€260,609)
- Other debts +€805,894
up €805,894 (+120%), from €670,804 to €1.5m
- Reserves -€491,942
down €491,942 (-96.2%), from €511,481 to €19,539
of which Distributable reserves: -€491,942
- Tax, wage and social debts +€100,843
up €100,843 (+1,192%), from €8,459 to €109,302
- Trade debts +€22,364
up €22,364 (+125%), from €17,850 to €40,213
- Gross operating margin +€51,943
up €51,943 (+21.8%), from €238,156 to €290,099
- Taxes +€10,565
up €10,565 (+16.6%), from €63,459 to €74,024
- Depreciation +€3,112
new in 2025: €3,112
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 | €1,250,512 | €1,692,386 | +€441,874 | +35.3% |
| Fixed assets | 21/28 | €300,000 | €306,824 | +€6,824 | +2.3% |
| Tangible fixed assets | 22/27 | - | €6,824 | +€6,824 | |
| Furniture and vehicles | 24 | - | €6,824 | +€6,824 | |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €950,512 | €1,385,562 | +€435,050 | +45.8% |
| Amounts receivable after more than one year | 29 | €696,642 | €954,324 | +€257,683 | +37.0% |
| Other amounts receivable | 291 | €696,642 | €954,324 | +€257,683 | +37.0% |
| Amounts receivable within one year | 40/41 | €150,691 | €411,300 | +€260,609 | +173% |
| Trade receivables | 40 | €132,270 | €28,800 | -€103,470 | -78.2% |
| Other amounts receivable | 41 | €18,421 | €382,500 | +€364,079 | +1,976% |
| Cash at bank and in hand | 54/58 | €79,014 | €11,053 | -€67,961 | -86.0% |
| Deferred charges and accrued income | 490/1 | €24,166 | €8,885 | -€15,281 | -63.2% |
| Total equity and liabilities | 10/49 | €1,250,512 | €1,692,386 | +€441,874 | +35.3% |
| Equity | 10/15 | €531,481 | €39,539 | -€491,942 | -92.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €511,481 | €19,539 | -€491,942 | -96.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €511,481 | €19,539 | -€491,942 | -96.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €719,031 | €1,652,847 | +€933,816 | +130% |
| Amounts payable within one year | 42/48 | €716,249 | €1,647,110 | +€930,860 | +130% |
| Financial debts | 43 | €19,137 | €20,897 | +€1,760 | +9.2% |
| Credit institutions | 430/8 | €19,137 | €20,897 | +€1,760 | +9.2% |
| Trade debts | 44 | €17,850 | €40,213 | +€22,364 | +125% |
| Suppliers | 440/4 | €17,850 | €40,213 | +€22,364 | +125% |
| Taxes, remuneration and social security | 45 | €8,459 | €109,302 | +€100,843 | +1,192% |
| Taxes | 450/3 | €8,459 | €109,302 | +€100,843 | +1,192% |
| Other amounts payable | 47/48 | €670,804 | €1,476,698 | +€805,894 | +120% |
| Accrued charges and deferred income | 492/3 | €2,781 | €5,737 | +€2,956 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,112 | +€3,112 | |
| Other operating charges | 640/8 | €277 | €573 | +€297 | +107% |
| Gross operating margin | 9900 | €238,156 | €290,099 | +€51,943 | +21.8% |
| Operating profit (loss) | 9901 | €237,879 | €286,414 | +€48,535 | +20.4% |
| Financial income | 75/76B | €10,971 | €11,497 | +€527 | +4.8% |
| Recurring financial income | 75 | €10,971 | €11,497 | +€527 | +4.8% |
| Financial charges | 65/66B | €6,791 | €7,091 | +€299 | +4.4% |
| Recurring financial charges | 65 | €6,791 | €7,091 | +€299 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €242,058 | €290,820 | +€48,762 | +20.1% |
| Income taxes | 67/77 | €63,459 | €74,024 | +€10,565 | +16.6% |
| Profit (loss) for the period | 9904 | €178,600 | €216,797 | +€38,197 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €178,600 | €216,797 | +€38,197 | +21.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.