WENZHOU: what changed
Two fiscal 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.
WENZHOU
Largest movements
- Tangible fixed assets -€2,388
down €2,388 (-56.0%), from €4,261 to €1,873
of which Plant, machinery and equipment: -€2,388
- Receivables within one year +€1,052
up €1,052, from €0 to €1,052
of which Trade receivables: +€1,026
- Stocks and contracts +€985
up €985 (+27.4%), from €3,591 to €4,576
- Deferred charges and accrued income +€464
up €464 (+94.7%), from €490 to €954
- Cash +€451
up €451 (+6.2%), from €7,263 to €7,715
mainly Tax, wage and social debts (+€5,929) and Depreciation (+€2,388)
- Trade debts -€7,279
down €7,279 (-44.6%), from €16,329 to €9,049
- Tax, wage and social debts +€5,929
up €5,929 (+427.5%), from €1,387 to €7,316
of which Remuneration and social security: +€5,368
- Other debts +€1,024
up €1,024 (+7.8%), from €13,127 to €14,151
- Profit (loss) carried forward +€775
up €775 (+3.7%), from -€21,189 to -€20,415
- Turnover +€108,725
up €108,725, from €0 to €108,725
- Purchases and services +€106,232
up €106,232, from €0 to €106,232
- Gross operating margin +€3,881
up €3,881 (+93.8%), from €4,138 to €8,019
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 | €15,853 | €16,418 | +€565 | +3.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,509 | €2,121 | -€2,388 | -53.0% |
| Tangible fixed assets | 22/27 | €4,261 | €1,873 | -€2,388 | -56.0% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €4,261 | €1,873 | -€2,388 | -56.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €11,344 | €14,297 | +€2,953 | +26.0% |
| Stocks and contracts in progress | 3 | €3,591 | €4,576 | +€985 | +27.4% |
| Stocks | 30/36 | €3,591 | €4,576 | +€985 | +27.4% |
| Amounts receivable within one year | 40/41 | €0 | €1,052 | +€1,052 | |
| Trade receivables | 40 | €0 | €1,026 | +€1,026 | |
| Other amounts receivable | 41 | - | €26 | +€26 | |
| Cash at bank and in hand | 54/58 | €7,263 | €7,715 | +€451 | +6.2% |
| Deferred charges and accrued income | 490/1 | €490 | €954 | +€464 | +94.7% |
| Total equity and liabilities | 10/49 | €15,853 | €16,418 | +€565 | +3.6% |
| Equity | 10/15 | -€14,989 | -€14,215 | +€775 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€21,189 | -€20,415 | +€775 | +3.7% |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €30,842 | €30,632 | -€210 | -0.7% |
| Amounts payable within one year | 42/48 | €30,842 | €30,516 | -€326 | -1.1% |
| Trade debts | 44 | €16,329 | €9,049 | -€7,279 | -44.6% |
| Suppliers | 440/4 | €16,329 | €9,049 | -€7,279 | -44.6% |
| Taxes, remuneration and social security | 45 | €1,387 | €7,316 | +€5,929 | +427.5% |
| Taxes | 450/3 | €1,387 | €1,947 | +€561 | +40.4% |
| Remuneration and social security | 454/9 | €0 | €5,368 | +€5,368 | |
| Other amounts payable | 47/48 | €13,127 | €14,151 | +€1,024 | +7.8% |
| Accrued charges and deferred income | 492/3 | €0 | €116 | +€116 | |
| Turnover | 70 | €0 | €108,725 | +€108,725 | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €106,232 | +€106,232 | |
| Remuneration, social security and pensions | 62 | €1,310 | €1,177 | -€134 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,388 | €2,388 | = | 0.0% |
| Other operating charges | 640/8 | €972 | €784 | -€187 | -19.3% |
| Gross operating margin | 9900 | €4,138 | €8,019 | +€3,881 | +93.8% |
| Operating profit (loss) | 9901 | -€532 | €3,670 | +€4,202 | |
| Financial income | 75/76B | €368 | €0 | -€368 | -100.0% |
| Recurring financial income | 75 | €368 | €0 | -€368 | -100.0% |
| Financial charges | 65/66B | €2,076 | €2,360 | +€284 | +13.7% |
| Recurring financial charges | 65 | €2,076 | €2,360 | +€284 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,239 | €1,310 | +€3,549 | |
| Income taxes | 67/77 | €524 | €535 | +€11 | +2.2% |
| Profit (loss) for the period | 9904 | -€2,763 | €775 | +€3,538 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,763 | €775 | +€3,538 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.