Wünder: 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.
Wünder
Largest movements
- Receivables within one year +€60,423
up €60,423 (+69.8%), from €86,583 to €147,006
of which Trade receivables: +€60,891
- Stocks and contracts -€54,482
down €54,482 (-24.1%), from €225,642 to €171,160
- Cash +€39,543
up €39,543 (+241.2%), from €16,391 to €55,934
mainly Trade debts (+€69,578) and Stocks and contracts (+€54,482)
- Deferred charges and accrued income +€9,617
up €9,617 (+44.1%), from €21,784 to €31,401
- Trade debts +€69,578
up €69,578 (+130.7%), from €53,224 to €122,802
- Profit (loss) carried forward -€58,605
down €58,605 (-12.6%), from -€465,649 to -€524,254
- Other debts +€44,562
up €44,562 (+8.7%), from €511,852 to €556,414
- Tax, wage and social debts +€7,715
up €7,715 (+59.3%), from €13,009 to €20,724
of which Taxes: +€4,820
- Gross operating margin +€68,208
up €68,208 (+136.6%), from €49,936 to €118,144
- Staff costs +€7,721
up €7,721 (+6.5%), from €118,172 to €125,893
- Depreciation -€5,803
down €5,803 (-48.0%), from €12,080 to €6,277
- Financial charges +€2,316
up €2,316 (+5.7%), from €40,285 to €42,601
- Other operating charges +€1,477
up €1,477 (+256.3%), from €576 to €2,053
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 | €363,416 | €425,941 | +€62,525 | +17.2% |
| Fixed assets | 21/28 | €13,016 | €20,441 | +€7,425 | +57.0% |
| Intangible fixed assets | 21 | €5,970 | €9,609 | +€3,639 | +61.0% |
| Tangible fixed assets | 22/27 | €3,036 | €6,713 | +€3,677 | +121.1% |
| Plant, machinery and equipment | 23 | - | €56 | +€56 | |
| Furniture and vehicles | 24 | €1,975 | €3,349 | +€1,374 | +69.6% |
| Leasing and similar rights | 25 | - | €2,955 | +€2,955 | |
| Other tangible fixed assets | 26 | €1,061 | €352 | -€709 | -66.9% |
| Financial fixed assets | 28 | €4,010 | €4,119 | +€109 | +2.7% |
| Current assets | 29/58 | €350,400 | €405,500 | +€55,100 | +15.7% |
| Stocks and contracts in progress | 3 | €225,642 | €171,160 | -€54,482 | -24.1% |
| Stocks | 30/36 | €225,642 | €171,160 | -€54,482 | -24.1% |
| Amounts receivable within one year | 40/41 | €86,583 | €147,006 | +€60,423 | +69.8% |
| Trade receivables | 40 | €85,849 | €146,740 | +€60,891 | +70.9% |
| Other amounts receivable | 41 | €734 | €266 | -€468 | -63.8% |
| Cash at bank and in hand | 54/58 | €16,391 | €55,934 | +€39,543 | +241.2% |
| Deferred charges and accrued income | 490/1 | €21,784 | €31,401 | +€9,617 | +44.1% |
| Total equity and liabilities | 10/49 | €363,416 | €425,941 | +€62,525 | +17.2% |
| Equity | 10/15 | -€340,649 | -€399,254 | -€58,605 | -17.2% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€465,649 | -€524,254 | -€58,605 | -12.6% |
| Amounts payable | 17/49 | €704,065 | €825,195 | +€121,130 | +17.2% |
| Amounts payable within one year | 42/48 | €703,085 | €824,940 | +€121,855 | +17.3% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €53,224 | €122,802 | +€69,578 | +130.7% |
| Suppliers | 440/4 | €53,224 | €122,802 | +€69,578 | +130.7% |
| Taxes, remuneration and social security | 45 | €13,009 | €20,724 | +€7,715 | +59.3% |
| Taxes | 450/3 | €677 | €5,497 | +€4,820 | +711.9% |
| Remuneration and social security | 454/9 | €12,332 | €15,228 | +€2,896 | +23.5% |
| Other amounts payable | 47/48 | €511,852 | €556,414 | +€44,562 | +8.7% |
| Accrued charges and deferred income | 492/3 | €980 | €255 | -€725 | -74.0% |
| Non-recurring operating income | 76A | €216 | €1,001 | +€785 | +363.3% |
| Remuneration, social security and pensions | 62 | €118,172 | €125,893 | +€7,721 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,080 | €6,277 | -€5,803 | -48.0% |
| Other operating charges | 640/8 | €576 | €2,053 | +€1,477 | +256.3% |
| Gross operating margin | 9900 | €49,936 | €118,144 | +€68,208 | +136.6% |
| Operating profit (loss) | 9901 | -€80,892 | -€16,079 | +€64,813 | +80.1% |
| Financial income | 75/76B | €238 | €74 | -€164 | -68.8% |
| Recurring financial income | 75 | €238 | €74 | -€164 | -68.8% |
| Financial charges | 65/66B | €40,285 | €42,601 | +€2,316 | +5.7% |
| Recurring financial charges | 65 | €40,285 | €42,601 | +€2,316 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€120,939 | -€58,605 | +€62,334 | +51.5% |
| Profit (loss) for the period | 9904 | -€120,939 | -€58,605 | +€62,334 | +51.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€120,939 | -€58,605 | +€62,334 | +51.5% |
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 3 October 2026 via checked.be.