WENS: 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.
WENS
Largest movements
- Cash +€598,317
up €598,317 (+463.0%), from €129,228 to €727,545
mainly Current investments (+€480,722) and Depreciation (+€55,705)
- Current investments -€480,722
down €480,722 (-82.7%), from €580,937 to €100,215
- Tangible fixed assets -€55,705
down €55,705 (-21.3%), from €261,044 to €205,339
of which Other tangible fixed assets: -€51,253
- Receivables within one year -€33,682
down €33,682 (-80.0%), from €42,099 to €8,417
of which Other amounts receivable: -€35,422
- Profit (loss) carried forward +€23,566
up €23,566 (+47.4%), from -€49,683 to -€26,117
- Financial income +€14,596
up €14,596 (+72.7%), from €20,080 to €34,676
- Gross operating margin -€7,499
down €7,499 (-9.4%), from €79,638 to €72,139
- Financial charges +€5,482
up €5,482 (+19579.5%), from €28 to €5,510
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 | €1,013,663 | €1,041,863 | +€28,200 | +2.8% |
| Fixed assets | 21/28 | €261,044 | €205,339 | -€55,705 | -21.3% |
| Tangible fixed assets | 22/27 | €261,044 | €205,339 | -€55,705 | -21.3% |
| Land and buildings | 22 | €130,032 | €125,581 | -€4,451 | -3.4% |
| Other tangible fixed assets | 26 | €131,012 | €79,759 | -€51,253 | -39.1% |
| Current assets | 29/58 | €752,619 | €836,524 | +€83,905 | +11.1% |
| Amounts receivable within one year | 40/41 | €42,099 | €8,417 | -€33,682 | -80.0% |
| Trade receivables | 40 | €160 | €1,900 | +€1,740 | +1087.5% |
| Other amounts receivable | 41 | €41,939 | €6,517 | -€35,422 | -84.5% |
| Current investments | 50/53 | €580,937 | €100,215 | -€480,722 | -82.7% |
| Cash at bank and in hand | 54/58 | €129,228 | €727,545 | +€598,317 | +463.0% |
| Deferred charges and accrued income | 490/1 | €355 | €346 | -€9 | -2.5% |
| Total equity and liabilities | 10/49 | €1,013,663 | €1,041,863 | +€28,200 | +2.8% |
| Equity | 10/15 | €1,002,251 | €1,025,817 | +€23,566 | +2.4% |
| Contributions | 10/11 | €1,043,658 | €1,043,659 | +€1 | 0.0% |
| Reserves | 13 | €8,276 | €8,276 | -€0 | 0.0% |
| Distributable reserves | 133 | €8,276 | €8,276 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€49,683 | -€26,117 | +€23,566 | +47.4% |
| Amounts payable | 17/49 | €11,412 | €16,046 | +€4,634 | +40.6% |
| Amounts payable within one year | 42/48 | €11,412 | €16,046 | +€4,634 | +40.6% |
| Trade debts | 44 | - | €1,014 | +€1,014 | |
| Suppliers | 440/4 | - | €1,014 | +€1,014 | |
| Taxes, remuneration and social security | 45 | €11,412 | €15,032 | +€3,620 | +31.7% |
| Taxes | 450/3 | €11,412 | €15,032 | +€3,620 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,706 | €55,705 | -€1 | 0.0% |
| Other operating charges | 640/8 | €13,371 | €14,153 | +€782 | +5.8% |
| Gross operating margin | 9900 | €79,638 | €72,139 | -€7,499 | -9.4% |
| Operating profit (loss) | 9901 | €10,561 | €2,281 | -€8,280 | -78.4% |
| Financial income | 75/76B | €20,080 | €34,676 | +€14,596 | +72.7% |
| Recurring financial income | 75 | €20,080 | €34,676 | +€14,596 | +72.7% |
| Financial charges | 65/66B | €28 | €5,510 | +€5,482 | +19579.5% |
| Recurring financial charges | 65 | €28 | €5,510 | +€5,482 | +19579.5% |
| Profit (loss) for the period before taxes | 9903 | €30,613 | €31,447 | +€834 | +2.7% |
| Income taxes | 67/77 | €8,362 | €7,880 | -€482 | -5.8% |
| Profit (loss) for the period | 9904 | €22,251 | €23,566 | +€1,315 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,251 | €23,566 | +€1,315 | +5.9% |
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 10 October 2026 via checked.be.