WU & WANG: 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.
WU & WANG
Largest movements
- Receivables within one year -€31,837
down €31,837 (-55.6%), from €57,228 to €25,391
of which Trade receivables: -€30,261
- Tangible fixed assets -€26,725
down €26,725 (-3.7%), from €731,873 to €705,148
of which Furniture and vehicles: -€22,076
- Cash -€21,197
down €21,197 (-25.1%), from €84,307 to €63,110
mainly Tax, wage and social debts (-€82,393) and Debts after one year (-€19,203)
- Tax, wage and social debts -€82,393
down €82,393 (-87.1%), from €94,575 to €12,182
of which Taxes: -€80,943
- Profit (loss) carried forward +€25,490
up €25,490 (+6.0%), from €425,784 to €451,274
- Debts after one year -€19,203
down €19,203 (-5.8%), from €332,990 to €313,787
- Gross operating margin -€328,414
down €328,414 (-76.4%), from €429,823 to €101,409
- Taxes -€79,230
down €79,230 (-87.3%), from €90,786 to €11,556
- Other operating charges -€18,890
down €18,890 (-90.4%), from €20,907 to €2,017
- Depreciation +€6,266
up €6,266 (+16.6%), from €37,808 to €44,074
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €890,881 | €812,453 | -€78,428 | -8.8% |
| Fixed assets | 21/28 | €748,433 | €721,708 | -€26,725 | -3.6% |
| Tangible fixed assets | 22/27 | €731,873 | €705,148 | -€26,725 | -3.7% |
| Land and buildings | 22 | €693,954 | €689,305 | -€4,649 | -0.7% |
| Furniture and vehicles | 24 | €37,918 | €15,842 | -€22,076 | -58.2% |
| Financial fixed assets | 28 | €16,560 | €16,560 | = | 0.0% |
| Current assets | 29/58 | €142,448 | €90,745 | -€51,703 | -36.3% |
| Amounts receivable within one year | 40/41 | €57,228 | €25,391 | -€31,837 | -55.6% |
| Trade receivables | 40 | €55,244 | €24,983 | -€30,261 | -54.8% |
| Other amounts receivable | 41 | €1,983 | €408 | -€1,575 | -79.4% |
| Cash at bank and in hand | 54/58 | €84,307 | €63,110 | -€21,197 | -25.1% |
| Deferred charges and accrued income | 490/1 | €914 | €2,245 | +€1,331 | +145.6% |
| Total equity and liabilities | 10/49 | €890,881 | €812,453 | -€78,428 | -8.8% |
| Equity | 10/15 | €428,284 | €453,774 | +€25,490 | +6.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €425,784 | €451,274 | +€25,490 | +6.0% |
| Amounts payable | 17/49 | €462,597 | €358,679 | -€103,918 | -22.5% |
| Amounts payable after more than one year | 17 | €332,990 | €313,787 | -€19,203 | -5.8% |
| Financial debts | 170/4 | €332,990 | €313,787 | -€19,203 | -5.8% |
| Amounts payable within one year | 42/48 | €129,607 | €44,892 | -€84,715 | -65.4% |
| Current portion of amounts payable after more than one year | 42 | €18,371 | €19,203 | +€833 | +4.5% |
| Trade debts | 44 | €7,025 | €7,323 | +€298 | +4.2% |
| Suppliers | 440/4 | €7,025 | €7,323 | +€298 | +4.2% |
| Taxes, remuneration and social security | 45 | €94,575 | €12,182 | -€82,393 | -87.1% |
| Taxes | 450/3 | €93,125 | €12,182 | -€80,943 | -86.9% |
| Remuneration and social security | 454/9 | €1,450 | - | -€1,450 | |
| Other amounts payable | 47/48 | €9,636 | €6,184 | -€3,452 | -35.8% |
| Remuneration, social security and pensions | 62 | €77 | - | -€77 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,808 | €44,074 | +€6,266 | +16.6% |
| Other operating charges | 640/8 | €20,907 | €2,017 | -€18,890 | -90.4% |
| Non-recurring operating charges | 66A | - | €1,910 | +€1,910 | |
| Gross operating margin | 9900 | €429,823 | €101,409 | -€328,414 | -76.4% |
| Operating profit (loss) | 9901 | €371,031 | €53,408 | -€317,622 | -85.6% |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Financial charges | 65/66B | €16,126 | €16,404 | +€278 | +1.7% |
| Recurring financial charges | 65 | €16,126 | €16,404 | +€278 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €354,904 | €37,047 | -€317,858 | -89.6% |
| Income taxes | 67/77 | €90,786 | €11,556 | -€79,230 | -87.3% |
| Profit (loss) for the period | 9904 | €264,118 | €25,490 | -€238,628 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €264,118 | €25,490 | -€238,628 | -90.3% |
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 8 October 2026 via checked.be.