WHEELPALACE: 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.
WHEELPALACE
Largest movements
- Stocks and contracts -€106,455
down €106,455 (-48.9%), from €217,577 to €111,122
- Cash -€60,259
down €60,259 (-91.6%), from €65,797 to €5,538
mainly Net result for the year (-€195,682) and Trade debts (-€5,748)
- Tangible fixed assets -€34,848
down €34,848 (-12.3%), from €283,413 to €248,565
of which Land and buildings: -€27,676
- Profit (loss) carried forward -€195,682
down €195,682 (-79.9%), from -€244,798 to -€440,480
- Gross operating margin -€100,589
down €100,589 (-205%), from -€49,130 to -€149,719
- Staff costs -€38,074
down €38,074 (-98.0%), from €38,865 to €790
- Financial charges -€6,610
down €6,610 (-63.2%), from €10,451 to €3,841
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 | €586,404 | €382,029 | -€204,375 | -34.9% |
| Fixed assets | 21/28 | €283,413 | €248,565 | -€34,848 | -12.3% |
| Tangible fixed assets | 22/27 | €283,413 | €248,565 | -€34,848 | -12.3% |
| Land and buildings | 22 | €246,308 | €218,632 | -€27,676 | -11.2% |
| Plant, machinery and equipment | 23 | €29,962 | €24,526 | -€5,436 | -18.1% |
| Furniture and vehicles | 24 | €7,143 | €5,408 | -€1,735 | -24.3% |
| Current assets | 29/58 | €302,992 | €133,464 | -€169,528 | -56.0% |
| Stocks and contracts in progress | 3 | €217,577 | €111,122 | -€106,455 | -48.9% |
| Stocks | 30/36 | €217,577 | €111,122 | -€106,455 | -48.9% |
| Amounts receivable within one year | 40/41 | €19,089 | €16,520 | -€2,569 | -13.5% |
| Trade receivables | 40 | €19,089 | - | -€19,089 | |
| Other amounts receivable | 41 | - | €16,520 | +€16,520 | |
| Cash at bank and in hand | 54/58 | €65,797 | €5,538 | -€60,259 | -91.6% |
| Deferred charges and accrued income | 490/1 | €528 | €283 | -€245 | -46.4% |
| Total equity and liabilities | 10/49 | €586,404 | €382,029 | -€204,375 | -34.9% |
| Equity | 10/15 | €510,147 | €314,466 | -€195,682 | -38.4% |
| Contributions | 10/11 | €493,600 | €493,600 | = | 0.0% |
| Reserves | 13 | €261,346 | €261,346 | = | 0.0% |
| Distributable reserves | 133 | €261,346 | €261,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€244,798 | -€440,480 | -€195,682 | -79.9% |
| Amounts payable | 17/49 | €76,257 | €67,563 | -€8,694 | -11.4% |
| Amounts payable within one year | 42/48 | €76,257 | €67,563 | -€8,694 | -11.4% |
| Financial debts | 43 | €65,000 | €65,000 | = | 0.0% |
| Credit institutions | 430/8 | €65,000 | €65,000 | = | 0.0% |
| Trade debts | 44 | €8,311 | €2,563 | -€5,748 | -69.2% |
| Suppliers | 440/4 | €8,311 | €2,563 | -€5,748 | -69.2% |
| Taxes, remuneration and social security | 45 | €2,946 | - | -€2,946 | |
| Taxes | 450/3 | €2,364 | - | -€2,364 | |
| Remuneration and social security | 454/9 | €582 | - | -€582 | |
| Non-recurring operating income | 76A | €11,359 | - | -€11,359 | |
| Remuneration, social security and pensions | 62 | €38,865 | €790 | -€38,074 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,537 | €34,848 | +€1,311 | +3.9% |
| Other operating charges | 640/8 | €7,863 | €6,483 | -€1,379 | -17.5% |
| Gross operating margin | 9900 | -€49,130 | -€149,719 | -€100,589 | -205% |
| Operating profit (loss) | 9901 | -€129,394 | -€191,841 | -€62,447 | -48.3% |
| Financial charges | 65/66B | €10,451 | €3,841 | -€6,610 | -63.2% |
| Recurring financial charges | 65 | €10,451 | €3,841 | -€6,610 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | -€139,845 | -€195,682 | -€55,837 | -39.9% |
| Income taxes | 67/77 | €18 | - | -€18 | |
| Profit (loss) for the period | 9904 | -€139,863 | -€195,682 | -€55,819 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,863 | -€195,682 | -€55,819 | -39.9% |
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 13 October 2026 via checked.be.