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 -€52,744
down €52,744 (-29.3%), from €179,783 to €127,039
mainly Investment in fixed assets (net) (-€121,720) and Trade debts (-€41,624)
- Tangible fixed assets +€16,087
up €16,087 (+4.7%), from €341,745 to €357,832
of which Furniture and vehicles: +€77,140
- Receivables within one year +€14,183
up €14,183 (+28.6%), from €49,630 to €63,813
of which Other amounts receivable: +€9,447
- Profit (loss) carried forward +€50,579
up €50,579 (+19.7%), from €257,387 to €307,966
- Trade debts -€41,624
down €41,624 (-32.5%), from €128,030 to €86,406
- Other debts -€28,936
down €28,936 (-16.3%), from €177,798 to €148,861
- Debts after one year -€17,834
down €17,834 (-18.8%), from €94,844 to €77,010
- Staff costs +€37,636
up €37,636 (+10.8%), from €350,024 to €387,660
- Depreciation +€12,109
up €12,109 (+12.9%), from €93,524 to €105,633
- Taxes -€7,168
down €7,168 (-28.5%), from €25,184 to €18,016
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 | €773,546 | €745,286 | -€28,260 | -3.7% |
| Fixed assets | 21/28 | €341,745 | €357,832 | +€16,087 | +4.7% |
| Tangible fixed assets | 22/27 | €341,745 | €357,832 | +€16,087 | +4.7% |
| Plant, machinery and equipment | 23 | €238,610 | €181,374 | -€57,236 | -24.0% |
| Furniture and vehicles | 24 | €61,479 | €138,619 | +€77,140 | +125.5% |
| Other tangible fixed assets | 26 | €41,655 | €37,838 | -€3,818 | -9.2% |
| Current assets | 29/58 | €431,801 | €387,454 | -€44,347 | -10.3% |
| Stocks and contracts in progress | 3 | €197,162 | €194,183 | -€2,980 | -1.5% |
| Stocks | 30/36 | €197,162 | €194,183 | -€2,980 | -1.5% |
| Amounts receivable within one year | 40/41 | €49,630 | €63,813 | +€14,183 | +28.6% |
| Trade receivables | 40 | - | €4,736 | +€4,736 | |
| Other amounts receivable | 41 | €49,630 | €59,077 | +€9,447 | +19.0% |
| Cash at bank and in hand | 54/58 | €179,783 | €127,039 | -€52,744 | -29.3% |
| Deferred charges and accrued income | 490/1 | €5,226 | €2,420 | -€2,806 | -53.7% |
| Total equity and liabilities | 10/49 | €773,546 | €745,286 | -€28,260 | -3.7% |
| Equity | 10/15 | €277,847 | €328,426 | +€50,579 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,387 | €307,966 | +€50,579 | +19.7% |
| Amounts payable | 17/49 | €495,699 | €416,860 | -€78,839 | -15.9% |
| Amounts payable after more than one year | 17 | €94,844 | €77,010 | -€17,834 | -18.8% |
| Financial debts | 170/4 | €94,844 | €77,010 | -€17,834 | -18.8% |
| Amounts payable within one year | 42/48 | €400,855 | €333,770 | -€67,085 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €56,250 | €58,529 | +€2,279 | +4.1% |
| Financial debts | 43 | €3,155 | - | -€3,155 | |
| Credit institutions | 430/8 | €3,155 | - | -€3,155 | |
| Trade debts | 44 | €128,030 | €86,406 | -€41,624 | -32.5% |
| Suppliers | 440/4 | €128,030 | €86,406 | -€41,624 | -32.5% |
| Taxes, remuneration and social security | 45 | €35,621 | €39,974 | +€4,352 | +12.2% |
| Taxes | 450/3 | - | €1,452 | +€1,452 | |
| Remuneration and social security | 454/9 | €35,621 | €38,522 | +€2,900 | +8.1% |
| Other amounts payable | 47/48 | €177,798 | €148,861 | -€28,936 | -16.3% |
| Accrued charges and deferred income | 492/3 | - | €6,079 | +€6,079 | |
| Remuneration, social security and pensions | 62 | €350,024 | €387,660 | +€37,636 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,524 | €105,633 | +€12,109 | +12.9% |
| Other operating charges | 640/8 | €9,242 | €12,218 | +€2,977 | +32.2% |
| Gross operating margin | 9900 | €581,566 | €580,668 | -€898 | -0.2% |
| Operating profit (loss) | 9901 | €128,777 | €75,156 | -€53,620 | -41.6% |
| Financial income | 75/76B | €662 | €173 | -€489 | -73.8% |
| Recurring financial income | 75 | €462 | €173 | -€289 | -62.5% |
| Non-recurring financial income | 76B | €200 | - | -€200 | |
| Financial charges | 65/66B | €7,556 | €6,735 | -€821 | -10.9% |
| Recurring financial charges | 65 | €7,556 | €6,735 | -€821 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €121,883 | €68,595 | -€53,288 | -43.7% |
| Income taxes | 67/77 | €25,184 | €18,016 | -€7,168 | -28.5% |
| Profit (loss) for the period | 9904 | €96,699 | €50,579 | -€46,120 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,699 | €50,579 | -€46,120 | -47.7% |
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.