WNBL: 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.
WNBL
Largest movements
- Cash -€328,870
down €328,870 (-90.8%), from €362,108 to €33,238
mainly Contributions, distributions and other (-€243,875) and Current investments (-€228,157)
- Current investments +€228,157
new in 2025: €228,157
- Receivables after one year +€37,619
up €37,619 (+13.3%), from €282,214 to €319,833
- Receivables within one year +€18,047
up €18,047 (+56.4%), from €31,982 to €50,029
of which Trade receivables: +€15,415
- Tangible fixed assets -€15,230
down €15,230 (-19.2%), from €79,343 to €64,113
of which Furniture and vehicles: -€13,335
- Reserves -€215,038
down €215,038 (-34.6%), from €621,946 to €406,907
of which Distributable reserves: -€215,038
- Other debts +€182,505
up €182,505 (+344.5%), from €52,975 to €235,479
- Tax, wage and social debts -€14,804
down €14,804 (-34.7%), from €42,692 to €27,888
- Current portion of long-term debt -€10,307
down €10,307 (-58.9%), from €17,495 to €7,188
- Gross operating margin -€88,557
down €88,557 (-64.0%), from €138,335 to €49,778
- Taxes -€24,487
down €24,487 (-68.9%), from €35,532 to €11,045
- Financial income +€2,249
up €2,249 (+25.0%), from €8,991 to €11,240
- Other operating charges -€1,682
down €1,682 (-82.7%), from €2,033 to €351
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 | €757,160 | €695,461 | -€61,700 | -8.1% |
| Fixed assets | 21/28 | €79,433 | €64,203 | -€15,230 | -19.2% |
| Tangible fixed assets | 22/27 | €79,343 | €64,113 | -€15,230 | -19.2% |
| Furniture and vehicles | 24 | €31,928 | €18,593 | -€13,335 | -41.8% |
| Other tangible fixed assets | 26 | €47,415 | €45,519 | -€1,895 | -4.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €677,728 | €631,258 | -€46,469 | -6.9% |
| Amounts receivable after more than one year | 29 | €282,214 | €319,833 | +€37,619 | +13.3% |
| Other amounts receivable | 291 | €282,214 | €319,833 | +€37,619 | +13.3% |
| Amounts receivable within one year | 40/41 | €31,982 | €50,029 | +€18,047 | +56.4% |
| Trade receivables | 40 | €18,303 | €33,718 | +€15,415 | +84.2% |
| Other amounts receivable | 41 | €13,679 | €16,311 | +€2,632 | +19.2% |
| Current investments | 50/53 | - | €228,157 | +€228,157 | |
| Cash at bank and in hand | 54/58 | €362,108 | €33,238 | -€328,870 | -90.8% |
| Deferred charges and accrued income | 490/1 | €1,423 | €0 | -€1,423 | -100.0% |
| Total equity and liabilities | 10/49 | €757,160 | €695,461 | -€61,700 | -8.1% |
| Equity | 10/15 | €634,346 | €419,307 | -€215,038 | -33.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €621,946 | €406,907 | -€215,038 | -34.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €620,086 | €405,047 | -€215,038 | -34.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €122,815 | €276,153 | +€153,339 | +124.9% |
| Amounts payable after more than one year | 17 | €7,188 | €0 | -€7,188 | -100.0% |
| Financial debts | 170/4 | €7,188 | €0 | -€7,188 | -100.0% |
| Amounts payable within one year | 42/48 | €114,020 | €276,153 | +€162,134 | +142.2% |
| Current portion of amounts payable after more than one year | 42 | €17,495 | €7,188 | -€10,307 | -58.9% |
| Trade debts | 44 | €858 | €5,598 | +€4,740 | +552.2% |
| Suppliers | 440/4 | €858 | €5,598 | +€4,740 | +552.2% |
| Taxes, remuneration and social security | 45 | €42,692 | €27,888 | -€14,804 | -34.7% |
| Taxes | 450/3 | €42,692 | €27,888 | -€14,804 | -34.7% |
| Other amounts payable | 47/48 | €52,975 | €235,479 | +€182,505 | +344.5% |
| Accrued charges and deferred income | 492/3 | €1,607 | €0 | -€1,607 | -100.0% |
| Non-recurring operating income | 76A | €1,500 | €0 | -€1,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,325 | €17,350 | +€25 | +0.1% |
| Other operating charges | 640/8 | €2,033 | €351 | -€1,682 | -82.7% |
| Gross operating margin | 9900 | €138,335 | €49,778 | -€88,557 | -64.0% |
| Operating profit (loss) | 9901 | €118,976 | €32,077 | -€86,899 | -73.0% |
| Financial income | 75/76B | €8,991 | €11,240 | +€2,249 | +25.0% |
| Recurring financial income | 75 | €8,991 | €11,240 | +€2,249 | +25.0% |
| Financial charges | 65/66B | €3,628 | €3,437 | -€192 | -5.3% |
| Recurring financial charges | 65 | €3,628 | €3,437 | -€192 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €124,339 | €39,881 | -€84,458 | -67.9% |
| Income taxes | 67/77 | €35,532 | €11,045 | -€24,487 | -68.9% |
| Profit (loss) for the period | 9904 | €88,808 | €28,836 | -€59,972 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,808 | €28,836 | -€59,972 | -67.5% |
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 1 October 2026 via checked.be.