WONTERSPAN: 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
WONTERSPAN
NACE 46.832, Wholesale of timber
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€44,173
2024 · €33,729+€10,445
Equity
€2.4m
2024 · €2.3m+€44,173
Cash
€1.2m
2024 · €1.3m-€57,068
Balance sheet total
€2.9m
2024 · €3.1m-€244,405
Largest movements
Assets
- Tangible fixed assets -€208,011
down €208,011 (-32.6%), from €637,418 to €429,407
- Cash -€57,068
down €57,068 (-4.5%), from €1.3m to €1.2m
mainly Provisions (-€232,945) and Current portion of long-term debt (-€39,216)
Equity and liabilities
- Provisions -€232,945
down €232,945 (-49.1%), from €474,149 to €241,204
- Reserves +€44,173
up €44,173 (+2.0%), from €2.2m to €2.2m
of which Distributable reserves: +€44,173
- Current portion of long-term debt -€39,216
down €39,216 (-100.0%), from €39,216 to €0
Income statement
- Gross operating margin -€244,323
down €244,323 (-73.7%), from €331,553 to €87,230
- Provisions -€232,945
down €232,945, from €0 to -€232,945
- Depreciation -€46,383
down €46,383 (-19.9%), from €233,622 to €187,238
- Other operating charges +€40,044
up €40,044 (+131.3%), from €30,499 to €70,543
- Staff costs -€10,637
down €10,637 (-17.5%), from €60,706 to €50,069
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
€33,729
Gross operating margin
-€244,323
Staff costs
+€10,637
Depreciation
+€46,383
Provisions
+€232,945
Other operating charges
-€40,044
Financial income
-€759
Financial charges
+€1,297
Taxes
+€4,309
Result 2025
€44,173
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
-€38,624
Investment
+€20,773
Financing
-€39,216
Cash 2024
€1.3m
From operations (derived)
-€38,624
Net result for the year
+€44,173
Depreciation
+€187,238
Stocks and contracts
-€15,237
Receivables within one year
-€7,404
Deferred charges and accrued income
+€1,967
Provisions
-€232,945
Trade debts
-€5,538
Tax, wage and social debts
-€9,505
Other debts
+€1,995
Accrued charges and deferred income
-€3,369
Investment (derived)
+€20,773
Investment in fixed assets (net)
+€20,773
Financing
-€39,216
Current portion of long-term debt
-€39,216
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,098,892 | €2,854,487 | -€244,405 | -7.9% |
| Fixed assets | 21/28 | €637,418 | €429,407 | -€208,011 | -32.6% |
| Tangible fixed assets | 22/27 | €637,418 | €429,407 | -€208,011 | -32.6% |
| Land and buildings | 22 | €49,560 | €36,151 | -€13,409 | -27.1% |
| Plant, machinery and equipment | 23 | €348,307 | €254,666 | -€93,641 | -26.9% |
| Furniture and vehicles | 24 | €145,291 | €138,589 | -€6,702 | -4.6% |
| Leasing and similar rights | 25 | €94,260 | €0 | -€94,260 | -100.0% |
| Current assets | 29/58 | €2,461,474 | €2,425,080 | -€36,394 | -1.5% |
| Stocks and contracts in progress | 3 | €405,759 | €420,997 | +€15,237 | +3.8% |
| Stocks | 30/36 | €405,759 | €420,997 | +€15,237 | +3.8% |
| Amounts receivable within one year | 40/41 | €724,380 | €731,784 | +€7,404 | +1.0% |
| Trade receivables | 40 | €213,309 | €179,059 | -€34,250 | -16.1% |
| Other amounts receivable | 41 | €511,071 | €552,725 | +€41,655 | +8.2% |
| Cash at bank and in hand | 54/58 | €1,268,596 | €1,211,528 | -€57,068 | -4.5% |
| Deferred charges and accrued income | 490/1 | €62,739 | €60,771 | -€1,967 | -3.1% |
| Total equity and liabilities | 10/49 | €3,098,892 | €2,854,487 | -€244,405 | -7.9% |
| Equity | 10/15 | €2,322,142 | €2,366,316 | +€44,173 | +1.9% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €2,160,142 | €2,204,316 | +€44,173 | +2.0% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €471,369 | €471,369 | = | 0.0% |
| Distributable reserves | 133 | €1,672,573 | €1,716,747 | +€44,173 | +2.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €474,149 | €241,204 | -€232,945 | -49.1% |
| Provisions for liabilities and charges | 160/5 | €474,149 | €241,204 | -€232,945 | -49.1% |
| Pensions and similar obligations | 160 | €124,149 | €124,149 | = | 0.0% |
| Major repairs and maintenance | 162 | €350,000 | €117,055 | -€232,945 | -66.6% |
| Amounts payable | 17/49 | €302,601 | €246,967 | -€55,634 | -18.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €290,470 | €238,205 | -€52,265 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €39,216 | €0 | -€39,216 | -100.0% |
| Trade debts | 44 | €195,607 | €190,069 | -€5,538 | -2.8% |
| Suppliers | 440/4 | €195,607 | €190,069 | -€5,538 | -2.8% |
| Taxes, remuneration and social security | 45 | €14,799 | €5,294 | -€9,505 | -64.2% |
| Taxes | 450/3 | €8,594 | €178 | -€8,415 | -97.9% |
| Remuneration and social security | 454/9 | €6,206 | €5,116 | -€1,090 | -17.6% |
| Other amounts payable | 47/48 | €40,847 | €42,842 | +€1,995 | +4.9% |
| Accrued charges and deferred income | 492/3 | €12,131 | €8,762 | -€3,369 | -27.8% |
| Remuneration, social security and pensions | 62 | €60,706 | €50,069 | -€10,637 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,622 | €187,238 | -€46,383 | -19.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€232,945 | -€232,945 | |
| Other operating charges | 640/8 | €30,499 | €70,543 | +€40,044 | +131.3% |
| Gross operating margin | 9900 | €331,553 | €87,230 | -€244,323 | -73.7% |
| Operating profit (loss) | 9901 | €6,727 | €12,325 | +€5,598 | +83.2% |
| Financial income | 75/76B | €33,601 | €32,843 | -€759 | -2.3% |
| Recurring financial income | 75 | €33,601 | €32,843 | -€759 | -2.3% |
| Financial charges | 65/66B | €2,143 | €846 | -€1,297 | -60.5% |
| Recurring financial charges | 65 | €2,143 | €846 | -€1,297 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €38,185 | €44,321 | +€6,136 | +16.1% |
| Income taxes | 67/77 | €4,457 | €148 | -€4,309 | -96.7% |
| Profit (loss) for the period | 9904 | €33,729 | €44,173 | +€10,445 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,729 | €44,173 | +€10,445 | +31.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.