WENZIG: what changed
What changed
WENZIG
filed annual accounts (NBB)
Net result for the year
€395,201
2024 · €532,725-€137,524
Equity
€8.3m
2024 · €8.2m+€19,760
Cash
€836,051
2024 · €650,077+€185,974
Balance sheet total
€9.0m
2024 · €9.0m-€34,199
Largest movements
Assets
- Current investments +€405,000
up €405,000 (+10.8%), from €3.8m to €4.2m
- Receivables within one year -€341,959
no longer reported in 2025 (was €341,959)
- Tangible fixed assets -€229,171
down €229,171 (-5.5%), from €4.2m to €4.0m
- Cash +€185,974
up €185,974 (+28.6%), from €650,077 to €836,051
mainly Net result for the year (+€395,201) and Receivables within one year (+€341,959)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€188,319
down €188,319 (-22.5%), from €837,082 to €648,762
- Taxes -€52,927
down €52,927 (-29.7%), from €177,994 to €125,067
- Financial income -€51,067
down €51,067 (-38.5%), from €132,767 to €81,700
- Provisions -€50,000
new in 2025: -€50,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€532,725
Gross operating margin
-€188,319
Provisions
+€50,000
Other operating charges
-€981
Financial income
-€51,067
Financial charges
-€84
Taxes
+€52,927
Result 2025
€395,201
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€966,415
Investment
-€405,000
Financing
-€375,441
Cash 2024
€650,077
From operations (derived)
+€966,415
Net result for the year
+€395,201
Depreciation
+€229,171
Receivables within one year
+€341,959
Deferred charges and accrued income
+€54,043
Provisions
-€50,000
Trade debts
+€191
Tax, wage and social debts
-€9,850
Other debts
+€17,897
Accrued charges and deferred income
-€12,198
Investment (derived)
-€405,000
Current investments
-€405,000
Financing
-€375,441
Contributions, distributions and other
-€375,441
Cash 2025
€836,051
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,010,877 | €8,976,677 | -€34,199 | -0.4% |
| Fixed assets | 21/28 | €4,192,472 | €3,963,300 | -€229,171 | -5.5% |
| Tangible fixed assets | 22/27 | €4,192,472 | €3,963,300 | -€229,171 | -5.5% |
| Land and buildings | 22 | €4,192,472 | €3,963,300 | -€229,171 | -5.5% |
| Current assets | 29/58 | €4,818,405 | €5,013,377 | +€194,972 | +4.0% |
| Amounts receivable within one year | 40/41 | €341,959 | - | -€341,959 | |
| Other amounts receivable | 41 | €341,959 | - | -€341,959 | |
| Current investments | 50/53 | €3,750,000 | €4,155,000 | +€405,000 | +10.8% |
| Cash at bank and in hand | 54/58 | €650,077 | €836,051 | +€185,974 | +28.6% |
| Deferred charges and accrued income | 490/1 | €76,369 | €22,326 | -€54,043 | -70.8% |
| Total equity and liabilities | 10/49 | €9,010,877 | €8,976,677 | -€34,199 | -0.4% |
| Equity | 10/15 | €8,232,037 | €8,251,797 | +€19,760 | +0.2% |
| Contributions | 10/11 | €8,100,000 | €8,100,000 | = | 0.0% |
| Capital | 10 | €8,100,000 | €8,100,000 | = | 0.0% |
| Issued capital | 100 | €8,100,000 | €8,100,000 | = | 0.0% |
| Reserves | 13 | €132,037 | €151,797 | +€19,760 | +15.0% |
| Non-distributable reserves | 130/1 | €132,037 | €151,797 | +€19,760 | +15.0% |
| Legal reserve | 130 | €132,037 | €151,797 | +€19,760 | +15.0% |
| Provisions and deferred taxes | 16 | €220,000 | €170,000 | -€50,000 | -22.7% |
| Provisions for liabilities and charges | 160/5 | €220,000 | €170,000 | -€50,000 | -22.7% |
| Major repairs and maintenance | 162 | €220,000 | €170,000 | -€50,000 | -22.7% |
| Amounts payable | 17/49 | €558,840 | €554,880 | -€3,959 | -0.7% |
| Amounts payable within one year | 42/48 | €541,659 | €549,897 | +€8,239 | +1.5% |
| Trade debts | 44 | €1,815 | €2,006 | +€191 | +10.5% |
| Suppliers | 440/4 | €1,815 | €2,006 | +€191 | +10.5% |
| Taxes, remuneration and social security | 45 | €33,755 | €23,906 | -€9,850 | -29.2% |
| Taxes | 450/3 | €33,755 | €23,906 | -€9,850 | -29.2% |
| Other amounts payable | 47/48 | €506,088 | €523,985 | +€17,897 | +3.5% |
| Accrued charges and deferred income | 492/3 | €17,181 | €4,983 | -€12,198 | -71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229,171 | €229,171 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€50,000 | -€50,000 | |
| Other operating charges | 640/8 | €29,720 | €30,701 | +€981 | +3.3% |
| Gross operating margin | 9900 | €837,082 | €648,762 | -€188,319 | -22.5% |
| Operating profit (loss) | 9901 | €578,190 | €438,890 | -€139,300 | -24.1% |
| Financial income | 75/76B | €132,767 | €81,700 | -€51,067 | -38.5% |
| Recurring financial income | 75 | €132,767 | €81,700 | -€51,067 | -38.5% |
| Financial charges | 65/66B | €239 | €323 | +€84 | +35.1% |
| Recurring financial charges | 65 | €239 | €323 | +€84 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €710,719 | €520,268 | -€190,451 | -26.8% |
| Income taxes | 67/77 | €177,994 | €125,067 | -€52,927 | -29.7% |
| Profit (loss) for the period | 9904 | €532,725 | €395,201 | -€137,524 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €532,725 | €395,201 | -€137,524 | -25.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.