WNC: 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.
What changed
WNC
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€296,270
2024 · €146,979+€149,292
Equity
€1.1m
2024 · €775,148+€296,270
Cash
€109,250
2024 · €40,423+€68,828
Balance sheet total
€2.3m
2024 · €2.2m+€101,347
Largest movements
Assets
- Cash +€68,828
up €68,828 (+170.3%), from €40,423 to €109,250
mainly Net result for the year (+€296,270) and Depreciation (+€94,131)
- Stocks and contracts +€31,167
up €31,167 (+5.9%), from €528,408 to €559,574
Equity and liabilities
- Profit (loss) carried forward +€296,270
up €296,270 (+55.0%), from €538,956 to €835,227
- Debts after one year -€86,494
down €86,494 (-49.8%), from €173,651 to €87,157
- Short-term financial debts +€40,405
up €40,405 (+239.2%), from €16,894 to €57,300
- Accrued charges and deferred income -€38,862
down €38,862 (-39.4%), from €98,625 to €59,763
- Trade debts -€38,550
down €38,550 (-5.8%), from €664,651 to €626,101
Income statement
- Gross operating margin +€334,881
up €334,881 (+18.9%), from €1.8m to €2.1m
- Staff costs +€107,731
up €107,731 (+7.8%), from €1.4m to €1.5m
- Write-downs +€49,567
up €49,567 (+869.6%), from €5,700 to €55,267
- Taxes +€34,133
up €34,133 (+43.8%), from €77,972 to €112,106
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.
Result 2024
€146,979
Gross operating margin
+€334,881
Staff costs
-€107,731
Depreciation
+€20,505
Write-downs
-€49,567
Other operating charges
-€14,706
Other operating items
+€2,999
Financial income
-€9,405
Financial charges
+€6,449
Taxes
-€34,133
Result 2025
€296,270
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.
From operations
+€216,510
Investment
-€73,538
Financing
-€74,144
Cash 2024
€40,423
From operations (derived)
+€216,510
Net result for the year
+€296,270
Depreciation
+€94,131
Stocks and contracts
-€31,167
Receivables within one year
-€6,607
Deferred charges and accrued income
-€15,339
Trade debts
-€38,550
Tax, wage and social debts
-€34,293
Other debts
-€9,075
Accrued charges and deferred income
-€38,862
Investment (derived)
-€73,538
Investment in fixed assets (net)
-€73,538
Financing
-€74,144
Debts after one year
-€86,494
Current portion of long-term debt
-€28,055
Short-term financial debts
+€40,405
Cash 2025
€109,250
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,241,081 | €2,342,428 | +€101,347 | +4.5% |
| Formation expenses | 20 | €10,412 | €9,631 | -€781 | -7.5% |
| Fixed assets | 21/28 | €391,826 | €372,014 | -€19,812 | -5.1% |
| Intangible fixed assets | 21 | €5,200 | €0 | -€5,200 | -100.0% |
| Tangible fixed assets | 22/27 | €386,142 | €369,880 | -€16,262 | -4.2% |
| Plant, machinery and equipment | 23 | €69,295 | €76,959 | +€7,663 | +11.1% |
| Furniture and vehicles | 24 | €10,981 | €3,705 | -€7,276 | -66.3% |
| Other tangible fixed assets | 26 | €305,866 | €289,217 | -€16,649 | -5.4% |
| Financial fixed assets | 28 | €484 | €2,134 | +€1,650 | +341.1% |
| Current assets | 29/58 | €1,838,844 | €1,960,783 | +€121,940 | +6.6% |
| Stocks and contracts in progress | 3 | €528,408 | €559,574 | +€31,167 | +5.9% |
| Stocks | 30/36 | €528,408 | €559,574 | +€31,167 | +5.9% |
| Amounts receivable within one year | 40/41 | €1,257,243 | €1,263,849 | +€6,607 | +0.5% |
| Trade receivables | 40 | €624,720 | €580,708 | -€44,012 | -7.0% |
| Other amounts receivable | 41 | €632,523 | €683,141 | +€50,618 | +8.0% |
| Cash at bank and in hand | 54/58 | €40,423 | €109,250 | +€68,828 | +170.3% |
| Deferred charges and accrued income | 490/1 | €12,771 | €28,110 | +€15,339 | +120.1% |
| Total equity and liabilities | 10/49 | €2,241,081 | €2,342,428 | +€101,347 | +4.5% |
| Equity | 10/15 | €775,148 | €1,071,418 | +€296,270 | +38.2% |
| Contributions | 10/11 | €81,102 | €81,102 | = | 0.0% |
| Capital | 10 | €81,102 | €81,102 | = | 0.0% |
| Issued capital | 100 | €81,102 | €81,102 | = | 0.0% |
| Reserves | 13 | €155,089 | €155,089 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,110 | €8,110 | = | 0.0% |
| Legal reserve | 130 | €8,110 | €8,110 | = | 0.0% |
| Distributable reserves | 133 | €146,979 | €146,979 | = | 0.0% |
| Profit (loss) carried forward | 14 | €538,956 | €835,227 | +€296,270 | +55.0% |
| Amounts payable | 17/49 | €1,465,933 | €1,271,010 | -€194,923 | -13.3% |
| Amounts payable after more than one year | 17 | €173,651 | €87,157 | -€86,494 | -49.8% |
| Financial debts | 170/4 | €173,651 | €87,157 | -€86,494 | -49.8% |
| Amounts payable within one year | 42/48 | €1,193,657 | €1,124,090 | -€69,567 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €114,549 | €86,494 | -€28,055 | -24.5% |
| Financial debts | 43 | €16,894 | €57,300 | +€40,405 | +239.2% |
| Credit institutions | 430/8 | €16,894 | €57,300 | +€40,405 | +239.2% |
| Trade debts | 44 | €664,651 | €626,101 | -€38,550 | -5.8% |
| Suppliers | 440/4 | €664,651 | €626,101 | -€38,550 | -5.8% |
| Taxes, remuneration and social security | 45 | €375,336 | €341,044 | -€34,293 | -9.1% |
| Taxes | 450/3 | €184,883 | €141,652 | -€43,231 | -23.4% |
| Remuneration and social security | 454/9 | €190,453 | €199,392 | +€8,939 | +4.7% |
| Other amounts payable | 47/48 | €22,226 | €13,152 | -€9,075 | -40.8% |
| Accrued charges and deferred income | 492/3 | €98,625 | €59,763 | -€38,862 | -39.4% |
| Non-recurring operating income | 76A | €49,353 | €4,114 | -€45,239 | -91.7% |
| Remuneration, social security and pensions | 62 | €1,381,798 | €1,489,529 | +€107,731 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,636 | €94,131 | -€20,505 | -17.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,700 | €55,267 | +€49,567 | +869.6% |
| Other operating charges | 640/8 | €33,786 | €48,493 | +€14,706 | +43.5% |
| Non-recurring operating charges | 66A | €5,195 | €2,196 | -€2,999 | -57.7% |
| Gross operating margin | 9900 | €1,767,946 | €2,102,827 | +€334,881 | +18.9% |
| Operating profit (loss) | 9901 | €226,831 | €413,211 | +€186,381 | +82.2% |
| Financial income | 75/76B | €34,879 | €25,474 | -€9,405 | -27.0% |
| Recurring financial income | 75 | €34,879 | €25,474 | -€9,405 | -27.0% |
| Financial charges | 65/66B | €36,759 | €30,310 | -€6,449 | -17.5% |
| Recurring financial charges | 65 | €36,759 | €30,310 | -€6,449 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €224,951 | €408,376 | +€183,425 | +81.5% |
| Income taxes | 67/77 | €77,972 | €112,106 | +€34,133 | +43.8% |
| Profit (loss) for the period | 9904 | €146,979 | €296,270 | +€149,292 | +101.6% |
| Profit (loss) for the period to be appropriated | 9905 | €146,979 | €296,270 | +€149,292 | +101.6% |
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 7 October 2026 via checked.be.