WNL: what changed
What changed
WNL
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€231,658
2024 · -€178,596-€53,062
Equity
-€233,341
2024 · -€1,683-€231,658
Cash
€119,671
2024 · €132,821-€13,150
Balance sheet total
€1.8m
2024 · €1.7m+€82,876
Largest movements
Assets
- Receivables within one year +€119,605
up €119,605 (+10.5%), from €1.1m to €1.3m
of which Trade receivables: +€129,707
Equity and liabilities
- Trade debts +€245,098
up €245,098 (+30.5%), from €804,445 to €1.0m
- Profit (loss) carried forward -€231,658
down €231,658 (-130%), from -€178,596 to -€410,254
- Short-term financial debts +€77,799
up €77,799 (+20.9%), from €371,604 to €449,403
- Debts after one year -€61,913
down €61,913 (-33.9%), from €182,800 to €120,888
- Tax, wage and social debts +€39,761
up €39,761 (+18.7%), from €212,821 to €252,582
of which Remuneration and social security: +€42,552
Income statement
- Staff costs +€358,898
up €358,898 (+17.6%), from €2.0m to €2.4m
- Gross operating margin +€343,326
up €343,326 (+15.5%), from €2.2m to €2.6m
- Depreciation +€63,048
up €63,048 (+42.8%), from €147,430 to €210,479
- Other operating charges -€50,785
down €50,785 (-22.3%), from €227,817 to €177,032
- Provisions +€50,000
up €50,000, from -€50,000 to €0
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
-€178,596
Gross operating margin
+€343,326
Staff costs
-€358,898
Depreciation
-€63,048
Provisions
-€50,000
Other operating charges
+€50,785
Financial income
+€2,519
Financial charges
+€7,760
Taxes
+€14,494
Result 2025
-€231,658
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
+€150,604
Investment
-€193,429
Financing
+€29,676
Cash 2024
€132,821
From operations (derived)
+€150,604
Net result for the year
-€231,658
Depreciation
+€210,479
Stocks and contracts
-€2,880
Receivables within one year
-€119,605
Deferred charges and accrued income
+€9,409
Trade debts
+€245,098
Tax, wage and social debts
+€39,761
Investment (derived)
-€193,429
Investment in fixed assets (net)
-€193,429
Financing
+€29,676
Debts after one year
-€61,913
Current portion of long-term debt
+€13,789
Short-term financial debts
+€77,799
Cash 2025
€119,671
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,705,196 | €1,788,072 | +€82,876 | +4.9% |
| Fixed assets | 21/28 | €364,919 | €347,869 | -€17,050 | -4.7% |
| Tangible fixed assets | 22/27 | €364,439 | €347,390 | -€17,050 | -4.7% |
| Plant, machinery and equipment | 23 | €900 | €600 | -€300 | -33.3% |
| Furniture and vehicles | 24 | €66,793 | €83,456 | +€16,663 | +24.9% |
| Leasing and similar rights | 25 | €296,747 | €263,334 | -€33,413 | -11.3% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €1,340,277 | €1,440,203 | +€99,926 | +7.5% |
| Stocks and contracts in progress | 3 | €26,880 | €29,760 | +€2,880 | +10.7% |
| Stocks | 30/36 | €26,880 | €29,760 | +€2,880 | +10.7% |
| Amounts receivable within one year | 40/41 | €1,137,600 | €1,257,204 | +€119,605 | +10.5% |
| Trade receivables | 40 | €1,087,921 | €1,217,628 | +€129,707 | +11.9% |
| Other amounts receivable | 41 | €49,678 | €39,576 | -€10,102 | -20.3% |
| Cash at bank and in hand | 54/58 | €132,821 | €119,671 | -€13,150 | -9.9% |
| Deferred charges and accrued income | 490/1 | €42,977 | €33,567 | -€9,409 | -21.9% |
| Total equity and liabilities | 10/49 | €1,705,196 | €1,788,072 | +€82,876 | +4.9% |
| Equity | 10/15 | -€1,683 | -€233,341 | -€231,658 | -13,761% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €157,913 | €157,913 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,934 | €147,934 | = | 0.0% |
| Distributable reserves | 133 | €9,979 | €9,979 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,596 | -€410,254 | -€231,658 | -130% |
| Amounts payable | 17/49 | €1,706,879 | €2,021,413 | +€314,534 | +18.4% |
| Amounts payable after more than one year | 17 | €182,800 | €120,888 | -€61,913 | -33.9% |
| Financial debts | 170/4 | €182,800 | €120,888 | -€61,913 | -33.9% |
| Amounts payable within one year | 42/48 | €1,524,079 | €1,900,526 | +€376,446 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €135,209 | €148,998 | +€13,789 | +10.2% |
| Financial debts | 43 | €371,604 | €449,403 | +€77,799 | +20.9% |
| Credit institutions | 430/8 | €371,604 | €449,403 | +€77,799 | +20.9% |
| Trade debts | 44 | €804,445 | €1,049,543 | +€245,098 | +30.5% |
| Suppliers | 440/4 | €804,445 | €1,049,543 | +€245,098 | +30.5% |
| Taxes, remuneration and social security | 45 | €212,821 | €252,582 | +€39,761 | +18.7% |
| Taxes | 450/3 | €29,706 | €26,915 | -€2,791 | -9.4% |
| Remuneration and social security | 454/9 | €183,116 | €225,667 | +€42,552 | +23.2% |
| Non-recurring operating income | 76A | €28,406 | €0 | -€28,406 | -100% |
| Remuneration, social security and pensions | 62 | €2,034,837 | €2,393,736 | +€358,898 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,430 | €210,479 | +€63,048 | +42.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€50,000 | €0 | +€50,000 | |
| Other operating charges | 640/8 | €227,817 | €177,032 | -€50,785 | -22.3% |
| Gross operating margin | 9900 | €2,220,001 | €2,563,328 | +€343,326 | +15.5% |
| Operating profit (loss) | 9901 | -€140,083 | -€217,919 | -€77,835 | -55.6% |
| Financial income | 75/76B | €362 | €2,881 | +€2,519 | +697% |
| Recurring financial income | 75 | €362 | €2,881 | +€2,519 | +697% |
| Financial charges | 65/66B | €24,151 | €16,391 | -€7,760 | -32.1% |
| Recurring financial charges | 65 | €24,151 | €16,391 | -€7,760 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | -€163,872 | -€231,428 | -€67,556 | -41.2% |
| Income taxes | 67/77 | €14,724 | €230 | -€14,494 | -98.4% |
| Profit (loss) for the period | 9904 | -€178,596 | -€231,658 | -€53,062 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€178,596 | -€231,658 | -€53,062 | -29.7% |
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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 3 November 2026 via checked.be.