WRZESINSKI: 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.
WRZESINSKI
Largest movements
- Receivables within one year -€109,457
down €109,457 (-70.8%), from €154,610 to €45,153
of which Other amounts receivable: -€78,597
- Cash -€33,515
down €33,515 (-37.1%), from €90,440 to €56,925
mainly Contributions, distributions and other (-€132,623) and Deferred charges and accrued income (-€19,956)
- Deferred charges and accrued income +€19,956
up €19,956 (+3,777%), from €528 to €20,484
- Tangible fixed assets +€4,188
up €4,188 (+34.2%), from €12,234 to €16,422
of which Furniture and vehicles: +€3,810
- Contributions -€76,723
down €76,723 (-65.2%), from €117,749 to €41,026
- Profit (loss) carried forward -€47,430
down €47,430 (-41.1%), from €115,314 to €67,884
- Reserves -€25,465
down €25,465 (-29.3%), from €86,889 to €61,424
of which Tax-exempt reserves: -€15,053
- Tax, wage and social debts +€24,898
up €24,898 (+136%), from €18,373 to €43,271
of which Taxes: +€22,213
- Trade debts +€12,730
up €12,730 (+1,991%), from €639 to €13,369
- Gross operating margin -€107,571
down €107,571 (-40.3%), from €267,190 to €159,619
- Staff costs -€34,274
down €34,274 (-18.1%), from €189,853 to €155,579
- Taxes -€19,316
no longer reported in 2025 (was €19,316)
- Depreciation +€3,582
up €3,582 (+58.2%), from €6,156 to €9,738
- Financial income -€3,433
down €3,433 (-99.7%), from €3,443 to €10
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 | €347,369 | €228,694 | -€118,676 | -34.2% |
| Fixed assets | 21/28 | €101,791 | €106,131 | +€4,340 | +4.3% |
| Intangible fixed assets | 21 | €89,242 | €89,242 | = | 0.0% |
| Tangible fixed assets | 22/27 | €12,234 | €16,422 | +€4,188 | +34.2% |
| Plant, machinery and equipment | 23 | €8,123 | €8,502 | +€379 | +4.7% |
| Furniture and vehicles | 24 | €4,111 | €7,920 | +€3,810 | +92.7% |
| Financial fixed assets | 28 | €316 | €467 | +€151 | +47.9% |
| Current assets | 29/58 | €245,578 | €122,562 | -€123,015 | -50.1% |
| Amounts receivable within one year | 40/41 | €154,610 | €45,153 | -€109,457 | -70.8% |
| Trade receivables | 40 | €55,085 | €24,226 | -€30,859 | -56.0% |
| Other amounts receivable | 41 | €99,525 | €20,927 | -€78,597 | -79.0% |
| Cash at bank and in hand | 54/58 | €90,440 | €56,925 | -€33,515 | -37.1% |
| Deferred charges and accrued income | 490/1 | €528 | €20,484 | +€19,956 | +3,777% |
| Total equity and liabilities | 10/49 | €347,369 | €228,694 | -€118,676 | -34.2% |
| Equity | 10/15 | €319,953 | €170,334 | -€149,618 | -46.8% |
| Contributions | 10/11 | €117,749 | €41,026 | -€76,723 | -65.2% |
| Capital | 10 | €117,749 | €41,026 | -€76,723 | -65.2% |
| Issued capital | 100 | €117,749 | €41,026 | -€76,723 | -65.2% |
| Reserves | 13 | €86,889 | €61,424 | -€25,465 | -29.3% |
| Non-distributable reserves | 130/1 | €53,663 | €43,252 | -€10,412 | -19.4% |
| Legal reserve | 130 | €10,412 | - | -€10,412 | |
| Other | 1319 | €43,252 | €43,252 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,053 | - | -€15,053 | |
| Distributable reserves | 133 | €18,172 | €18,172 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,314 | €67,884 | -€47,430 | -41.1% |
| Amounts payable | 17/49 | €27,417 | €58,359 | +€30,942 | +113% |
| Amounts payable within one year | 42/48 | €27,417 | €58,359 | +€30,942 | +113% |
| Current portion of amounts payable after more than one year | 42 | €6,368 | - | -€6,368 | |
| Financial debts | 43 | €317 | - | -€317 | |
| Credit institutions | 430/8 | €317 | - | -€317 | |
| Trade debts | 44 | €639 | €13,369 | +€12,730 | +1,991% |
| Suppliers | 440/4 | €639 | €13,369 | +€12,730 | +1,991% |
| Advances received on contracts in progress | 46 | €1,719 | €1,719 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,373 | €43,271 | +€24,898 | +136% |
| Taxes | 450/3 | €4,801 | €27,014 | +€22,213 | +463% |
| Remuneration and social security | 454/9 | €13,572 | €16,257 | +€2,685 | +19.8% |
| Non-recurring operating income | 76A | €333 | €2,206 | +€1,873 | +563% |
| Remuneration, social security and pensions | 62 | €189,853 | €155,579 | -€34,274 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,156 | €9,738 | +€3,582 | +58.2% |
| Other operating charges | 640/8 | €1,422 | €1,968 | +€546 | +38.4% |
| Non-recurring operating charges | 66A | €2,583 | €1,060 | -€1,524 | -59.0% |
| Gross operating margin | 9900 | €267,190 | €159,619 | -€107,571 | -40.3% |
| Operating profit (loss) | 9901 | €67,176 | -€8,725 | -€75,901 | |
| Financial income | 75/76B | €3,443 | €10 | -€3,433 | -99.7% |
| Recurring financial income | 75 | €3,443 | €10 | -€3,433 | -99.7% |
| Financial charges | 65/66B | €8,051 | €8,279 | +€228 | +2.8% |
| Recurring financial charges | 65 | €8,051 | €8,279 | +€228 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €62,568 | -€16,995 | -€79,563 | |
| Income taxes | 67/77 | €19,316 | - | -€19,316 | |
| Profit (loss) for the period | 9904 | €43,252 | -€16,995 | -€60,247 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,252 | -€16,995 | -€60,247 |
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 14 October 2026 via checked.be.