WU KUEN: 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.
WU KUEN
Largest movements
- Receivables within one year -€35,871
down €35,871 (-54.4%), from €65,939 to €30,068
of which Trade receivables: -€30,000
- Cash -€17,931
down €17,931 (-9.6%), from €187,069 to €169,138
mainly Net result for the year (-€49,685) and Tax, wage and social debts (-€9,996)
- Receivables after one year -€9,429
down €9,429 (-12.3%), from €76,864 to €67,435
- Profit (loss) carried forward -€49,685
down €49,685 (-34.9%), from €142,258 to €92,574
- Tax, wage and social debts -€9,996
down €9,996 (-79.4%), from €12,596 to €2,600
of which Taxes: -€10,000
- Current portion of long-term debt -€3,726
no longer reported in 2025 (was €3,726)
- Gross operating margin -€240,649
down €240,649, from €189,409 to -€51,240
- Taxes -€47,402
no longer reported in 2025 (was €47,402)
- Staff costs -€33,032
no longer reported in 2025 (was €33,032)
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 | €332,277 | €268,677 | -€63,600 | -19.1% |
| Fixed assets | 21/28 | €1,075 | €631 | -€443 | -41.2% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,075 | €631 | -€443 | -41.2% |
| Current assets | 29/58 | €331,203 | €268,046 | -€63,157 | -19.1% |
| Amounts receivable after more than one year | 29 | €76,864 | €67,435 | -€9,429 | -12.3% |
| Other amounts receivable | 291 | €76,864 | €67,435 | -€9,429 | -12.3% |
| Amounts receivable within one year | 40/41 | €65,939 | €30,068 | -€35,871 | -54.4% |
| Trade receivables | 40 | €30,773 | €773 | -€30,000 | -97.5% |
| Other amounts receivable | 41 | €35,167 | €29,296 | -€5,871 | -16.7% |
| Cash at bank and in hand | 54/58 | €187,069 | €169,138 | -€17,931 | -9.6% |
| Deferred charges and accrued income | 490/1 | €1,330 | €1,405 | +€75 | +5.6% |
| Total equity and liabilities | 10/49 | €332,277 | €268,677 | -€63,600 | -19.1% |
| Equity | 10/15 | €314,718 | €265,034 | -€49,685 | -15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,860 | €153,860 | = | 0.0% |
| Distributable reserves | 133 | €153,860 | €153,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,258 | €92,574 | -€49,685 | -34.9% |
| Amounts payable | 17/49 | €17,559 | €3,644 | -€13,915 | -79.2% |
| Amounts payable within one year | 42/48 | €17,559 | €3,644 | -€13,915 | -79.2% |
| Current portion of amounts payable after more than one year | 42 | €3,726 | - | -€3,726 | |
| Trade debts | 44 | €1,237 | €1,044 | -€193 | -15.6% |
| Suppliers | 440/4 | €1,237 | €1,044 | -€193 | -15.6% |
| Taxes, remuneration and social security | 45 | €12,596 | €2,600 | -€9,996 | -79.4% |
| Taxes | 450/3 | €10,000 | - | -€10,000 | |
| Remuneration and social security | 454/9 | €2,596 | €2,600 | +€4 | +0.2% |
| Remuneration, social security and pensions | 62 | €33,032 | - | -€33,032 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110 | - | -€110 | |
| Other operating charges | 640/8 | €1,208 | €1,475 | +€267 | +22.2% |
| Non-recurring operating charges | 66A | €8,909 | - | -€8,909 | |
| Gross operating margin | 9900 | €189,409 | -€51,240 | -€240,649 | |
| Operating profit (loss) | 9901 | €146,151 | -€52,715 | -€198,866 | |
| Financial income | 75/76B | €2,982 | €3,339 | +€357 | +12.0% |
| Recurring financial income | 75 | €2,982 | €3,339 | +€357 | +12.0% |
| Financial charges | 65/66B | €1,159 | €308 | -€851 | -73.4% |
| Recurring financial charges | 65 | €1,159 | €308 | -€851 | -73.4% |
| Profit (loss) for the period before taxes | 9903 | €147,974 | -€49,685 | -€197,659 | |
| Income taxes | 67/77 | €47,402 | - | -€47,402 | |
| Profit (loss) for the period | 9904 | €100,572 | -€49,685 | -€150,257 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,572 | -€49,685 | -€150,257 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.