WENPAU: 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.
WENPAU
Largest movements
- Receivables within one year +€49,697
up €49,697 (+79.6%), from €62,453 to €112,149
of which Other amounts receivable: +€50,617
- Tangible fixed assets -€9,807
down €9,807 (-5.8%), from €169,455 to €159,648
of which Furniture and vehicles: -€9,807
- Reserves +€41,563
up €41,563 (+8.8%), from €469,879 to €511,443
of which Distributable reserves: +€41,563
- Gross operating margin -€103,027
down €103,027 (-61.3%), from €167,954 to €64,926
- Taxes -€34,012
down €34,012 (-68.1%), from €49,956 to €15,943
- Financial income -€1,918
down €1,918 (-34.2%), from €5,615 to €3,697
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 | €485,506 | €525,740 | +€40,234 | +8.3% |
| Fixed assets | 21/28 | €169,455 | €159,648 | -€9,807 | -5.8% |
| Tangible fixed assets | 22/27 | €169,455 | €159,648 | -€9,807 | -5.8% |
| Furniture and vehicles | 24 | €34,455 | €24,648 | -€9,807 | -28.5% |
| Other tangible fixed assets | 26 | €135,000 | €135,000 | = | 0.0% |
| Current assets | 29/58 | €316,051 | €366,093 | +€50,041 | +15.8% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €62,453 | €112,149 | +€49,697 | +79.6% |
| Trade receivables | 40 | €1,081 | €161 | -€920 | -85.1% |
| Other amounts receivable | 41 | €61,371 | €111,988 | +€50,617 | +82.5% |
| Cash at bank and in hand | 54/58 | €103,598 | €103,943 | +€345 | +0.3% |
| Total equity and liabilities | 10/49 | €485,506 | €525,740 | +€40,234 | +8.3% |
| Equity | 10/15 | €476,079 | €517,643 | +€41,563 | +8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €469,879 | €511,443 | +€41,563 | +8.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Other | 1319 | - | €2,000 | +€2,000 | |
| Distributable reserves | 133 | €467,879 | €509,443 | +€41,563 | +8.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €9,426 | €8,098 | -€1,329 | -14.1% |
| Amounts payable within one year | 42/48 | €9,426 | €8,098 | -€1,329 | -14.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €9,426 | €8,098 | -€1,329 | -14.1% |
| Taxes | 450/3 | €9,426 | €8,098 | -€1,329 | -14.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,807 | €9,807 | = | 0.0% |
| Other operating charges | 640/8 | €1,333 | €1,270 | -€63 | -4.8% |
| Gross operating margin | 9900 | €167,954 | €64,926 | -€103,027 | -61.3% |
| Operating profit (loss) | 9901 | €156,813 | €53,850 | -€102,964 | -65.7% |
| Financial income | 75/76B | €5,615 | €3,697 | -€1,918 | -34.2% |
| Recurring financial income | 75 | €5,615 | €3,697 | -€1,918 | -34.2% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €162,389 | €57,507 | -€104,883 | -64.6% |
| Income taxes | 67/77 | €49,956 | €15,943 | -€34,012 | -68.1% |
| Profit (loss) for the period | 9904 | €112,434 | €41,563 | -€70,870 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €112,434 | €41,563 | -€70,870 | -63.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.