W.E.R.
Annual accounts 2025
abbreviated format, filed on 21-08-2026, 21 days lateTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €83,000. Estimated: probably between €51,000 and €120,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €2.9m on 31-12-2025in €m
in euro
Position in the sector
60.7%
Higher than 58% of 10,844 companies in 2025.
2.03
Higher than 59% of 10,467 companies in 2025.
0.3%
Higher than 25% of 10,714 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
2.9m | 2.9m | 2.9m | 2.9m | 3.2m | 3.4m | 3.7m | 3.6m | 3.2m | 1.6m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 627,187 | 655,038 | 707,423 | 627,298 | |
21/28 |
2.1m | 2.2m | 2.2m | 2.4m | 2.6m | 2.5m | 2.7m | 2.9m | 2.2m | 1.5m | 1.6m | 1.6m | 1.7m | 1.7m | 1.7m | 1.7m | 560,660 | 587,352 | 583,685 | 575,818 | |
22/27 |
2.1m | 2.2m | 2.2m | 2.2m | 2.3m | 2.5m | 2.6m | 2.5m | 1.8m | 1.5m | 1.5m | 1.6m | 1.6m | 1.6m | 1.6m | 1.7m | 522,887 | 549,579 | 545,912 | 564,701 | |
22 |
2.1m | 2.2m | 2.2m | 2.2m | 2.3m | 2.5m | 2.6m | 2.4m | 1.8m | 1.5m | 1.5m | 1.6m | 1.6m | 1.6m | 1.6m | 1.6m | 507,804 | 526,955 | 545,912 | 564,701 | |
23 |
3,939 | 5,941 | 5,637 | 5,738 | 6,885 | 8,033 | 9,180 | 10,328 | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |
24 |
959 | - | - | - | - | - | - | - | 2,566 | - | - | 0 | 0 | 0 | 7,250 | 14,791 | 15,083 | 22,624 | - | - | |
28 |
- | - | - | 131,500 | 292,437 | 46,937 | 155,150 | 447,500 | 400,000 | - | 79,156 | 79,156 | 79,156 | 79,156 | 77,773 | 37,773 | 37,773 | 37,773 | 37,773 | 11,117 | |
29/58 |
734,799 | 728,163 | 728,318 | 493,022 | 592,277 | 849,885 | 957,468 | 720,226 | 1.0m | 28,370 | 38,687 | 48,351 | 56,403 | 51,768 | 42,428 | 52,078 | 66,527 | 67,686 | 123,737 | 51,480 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,000 | 1,500 | - | - | - | 2,619 | - | - | |
291 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,000 | 1,500 | - | - | - | 2,619 | - | - | |
40/41 |
2,468 | - | - | - | 10,568 | 14,050 | 6,661 | 12,242 | 97,227 | 27,898 | 21,828 | 17,661 | 13,331 | 10,551 | 6,367 | 6,752 | 10,287 | 2,904 | 5,177 | 1,815 | |
40 |
2,287 | - | - | - | 10,568 | 13,068 | 6,068 | 11,647 | 20,840 | 27,558 | 15,159 | 17,545 | 13,331 | 10,551 | 5,264 | 5,264 | 6,897 | 2,904 | 3,267 | 1,815 | |
41 |
181 | - | - | - | - | 982 | 593 | 596 | 76,387 | 340 | 6,669 | 116 | - | - | 1,104 | 1,489 | 3,390 | - | 1,910 | - | |
50/53 |
727,938 | 727,938 | 727,938 | 492,873 | 579,481 | 683,391 | 948,576 | 571,750 | 609,415 | - | - | - | - | - | - | - | 0 | 58,851 | 116,962 | 45,356 | |
54/58 |
4,393 | 226 | 380 | 149 | 2,228 | 152,444 | 1,095 | 136,234 | 325,899 | 472 | 16,859 | 30,690 | 42,072 | 39,717 | 35,361 | 44,626 | 56,240 | 3,312 | 1,598 | 4,309 | |
490/1 |
- | - | - | - | - | - | 1,136 | - | - | - | - | - | - | - | 700 | 700 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
2.9m | 2.9m | 2.9m | 2.9m | 3.2m | 3.4m | 3.7m | 3.6m | 3.2m | 1.6m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 627,187 | 655,038 | 707,423 | 627,298 | |
10/15 |
1.7m | 1.7m | 1.8m | 1.8m | 1.9m | 1.5m | 1.5m | 1.5m | 1.6m | 1.3m | 1.3m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 181,137 | 309,184 | 354,716 | 373,740 | |
10/11 |
1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 375,000 | 375,000 | 375,000 | 375,000 | |
10 |
1.5m | 1.5m | 1.5m | 1.5m | 1.5m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
1.5m | 1.5m | 1.5m | 1.5m | 1.5m | - | - | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 375,000 | 375,000 | 375,000 | 375,000 | |
13 |
243,662 | 656,107 | 666,826 | 677,545 | 688,264 | 297,257 | 307,976 | 310,851 | 321,570 | - | - | - | - | - | - | - | - | - | - | - | |
132 |
243,662 | 656,107 | 666,826 | 677,545 | 688,264 | 297,257 | 307,976 | 310,851 | 321,570 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-23,497 | -445,902 | -413,904 | -379,921 | -259,823 | -295,565 | -280,989 | -332,955 | -208,397 | -211,790 | -186,254 | -169,434 | -149,835 | -124,987 | -115,924 | -127,120 | -193,863 | -65,816 | -20,284 | -1,260 | |
16 |
276,998 | 421,742 | 432,556 | 443,316 | 454,122 | 330,827 | 341,413 | 347,960 | 358,359 | 207,615 | 212,248 | 216,741 | 221,066 | 225,199 | 229,228 | 233,114 | 311,821 | 240,584 | 244,152 | 247,552 | |
160/5 |
151,531 | 156,847 | 162,141 | 167,382 | 172,669 | 177,763 | 182,830 | 187,896 | 358,359 | 207,615 | 212,248 | 216,741 | 221,066 | 225,199 | 229,228 | 233,114 | 311,821 | 240,584 | 244,152 | 247,552 | |
160 |
- | - | - | - | - | - | - | - | 358,359 | 207,615 | - | - | - | - | - | - | - | - | - | - | |
164/5 |
151,531 | 156,847 | 162,141 | 167,382 | 172,669 | 177,763 | 182,830 | 187,896 | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
125,467 | 264,895 | 270,414 | 275,934 | 281,453 | 153,064 | 158,583 | 160,064 | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
847,188 | 746,146 | 731,799 | 611,976 | 771,027 | 1.5m | 1.8m | 1.8m | 1.2m | 33,542 | 118,441 | 115,980 | 119,822 | 105,728 | 108,581 | 112,357 | 134,228 | 105,270 | 108,555 | 6,006 | |
17 |
484,942 | 484,942 | 484,942 | 484,942 | 490,039 | 812,719 | 1.4m | 1.4m | - | - | - | - | - | - | - | - | - | - | - | - | |
170/4 |
484,942 | 484,942 | 484,942 | 484,942 | 490,039 | 812,719 | 1.4m | 1.4m | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
362,246 | 261,204 | 246,857 | 127,034 | 280,988 | 712,370 | 402,817 | 367,210 | 1.1m | 33,542 | 118,441 | 115,980 | 119,822 | 105,728 | 108,581 | 112,357 | 133,497 | 105,270 | 108,555 | 6,006 | |
42 |
- | - | - | - | 2,500 | 14,421 | 14,508 | - | - | 7,500 | 80,000 | 80,000 | 80,000 | 80,000 | 80,000 | 80,000 | 80,000 | 80,000 | 90,000 | - | |
43 |
100,000 | 100,000 | 84,500 | 64,271 | 58,000 | 25,000 | 70,000 | 11,783 | 815,205 | - | - | 10,000 | 13,000 | - | - | - | - | - | - | - | |
430/8 |
100,000 | 100,000 | 84,500 | 64,271 | 58,000 | 25,000 | 70,000 | 11,783 | 815,205 | - | - | - | - | - | - | - | - | - | - | - | |
439 |
- | - | - | - | - | - | - | - | - | - | - | 10,000 | 13,000 | - | - | - | - | - | - | - | |
44 |
2,828 | 56 | 3,744 | - | 1,192 | 10,319 | 8,851 | 217,339 | 231,072 | 1,042 | 2,441 | 980 | 1,619 | 42 | 3,581 | 7,357 | 26,084 | 6,770 | 555 | 494 | |
440/4 |
2,828 | 56 | 3,744 | - | 1,192 | 10,319 | 8,851 | 217,339 | 231,072 | 1,042 | 2,441 | 980 | 1,619 | 42 | 3,581 | 7,357 | 26,084 | 6,770 | 555 | 494 | |
45 |
77,784 | 148 | 87 | 263 | 926 | - | - | - | - | - | - | - | 203 | 686 | - | - | 2,413 | - | - | 4,512 | |
450/3 |
77,784 | 148 | 87 | 263 | 926 | - | - | - | - | - | - | - | 203 | 686 | - | - | 2,413 | - | - | 4,512 | |
47/48 |
181,634 | 161,000 | 158,527 | 62,500 | 218,371 | 662,630 | 309,458 | 138,088 | 81,585 | 25,000 | 36,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 18,500 | 18,000 | 1,000 | |
492/3 |
- | - | - | - | - | - | - | - | 119,546 | - | - | - | - | - | - | - | 731 | - | - | - | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | 33,452 | 64,881 | 61,296 | 67,987 | 58,844 | 64,309 | 61,423 | 190,378 | 49,100 | 50,021 | 46,470 | 76,320 | |
76A |
- | - | - | - | - | 35,189 | - | - | 939,452 | - | 1,220 | - | 989 | 1,383 | 40,073 | 1,388 | - | - | - | - | |
9900 |
31,870 | 34,069 | 27,716 | 26,612 | 24,591 | 23,723 | -4,006 | 482 | 811,685 | 22,970 | 22,305 | 20,814 | 13,864 | 37,368 | 18,831 | 112,730 | -8,607 | -1,121 | 17,246 | 56,431 | |
60/61 |
- | - | - | - | - | - | - | - | 161,219 | 41,911 | 38,990 | 47,173 | 44,980 | 26,937 | 42,592 | 77,647 | 57,707 | 51,141 | 29,224 | 19,889 | |
630 |
41,434 | 41,336 | 40,588 | 40,482 | 27,545 | 36,742 | 36,411 | 18,722 | 17,575 | 20,861 | 14,961 | 15,389 | 15,389 | 22,639 | 22,930 | 22,930 | 22,930 | 22,930 | 15,389 | 15,798 | |
631/4 |
- | - | - | - | - | - | - | 6,353 | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
11,818 | 10,730 | 9,549 | 8,602 | 8,170 | 8,474 | 16,681 | 32,774 | 284,765 | 7,197 | 5,569 | 5,407 | 5,066 | 5,940 | 5,650 | 4,297 | 4,630 | 5,529 | 4,058 | 6,206 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 908 | 75,000 | - | - | - | |
9901 |
-21,381 | -17,997 | -22,421 | -22,473 | -11,124 | -21,493 | -57,098 | -57,367 | 509,345 | -5,088 | 1,775 | 19 | -6,591 | 8,789 | -9,748 | 85,504 | -36,167 | -29,580 | -2,202 | 34,427 | |
75/76B |
- | - | - | - | 597,692 | 35,189 | 154,467 | 2,619 | 9,415 | 45 | 253 | 352 | 580 | 578 | 849 | 716 | 579 | 3,625 | 2,836 | 26,914 | |
75 |
- | - | - | - | - | - | 4,524 | 2,619 | 9,415 | 45 | 253 | 352 | 580 | 578 | 849 | 716 | 579 | 3,625 | 2,836 | 26,914 | |
76B |
- | - | - | - | 597,692 | 35,189 | 149,943 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
30,303 | 30,241 | 27,800 | 113,864 | 31,429 | 44,510 | 49,755 | 86,056 | 28,221 | 20,461 | 20,030 | 19,916 | 19,830 | 19,854 | 19,853 | 19,955 | 19,851 | 19,404 | 19,053 | 22,669 | |
65 |
30,303 | 30,241 | 27,800 | 113,864 | 31,429 | 44,510 | 49,755 | 48,390 | 28,221 | 20,461 | 20,030 | 19,916 | 19,830 | 19,854 | 19,853 | 19,955 | 19,851 | 19,404 | 19,053 | 22,669 | |
66B |
- | - | - | - | - | - | - | 37,666 | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-51,684 | -48,237 | -50,221 | -136,336 | 555,138 | -30,815 | 47,614 | -140,803 | 490,539 | -25,504 | -16,783 | -19,546 | -24,852 | -9,104 | 11,321 | 66,745 | -130,439 | -45,358 | -18,418 | 38,672 | |
780 |
139,428 | 5,519 | 5,519 | 5,519 | 5,519 | - | 1,480 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
680 |
- | - | - | - | 133,908 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
77,784 | - | - | - | - | - | 3 | -7 | -7 | 31 | 38 | 53 | -4 | -41 | 52 | 2 | -2,392 | 173 | 605 | 369 | |
9904 |
9,960 | -42,718 | -44,702 | -130,817 | 426,749 | -25,295 | 49,091 | -135,277 | 324,962 | -25,535 | -16,821 | -19,599 | -24,848 | -9,063 | 11,269 | 66,743 | -128,047 | -45,532 | -19,024 | 38,303 | |
789 |
412,445 | 10,719 | 10,719 | 10,719 | 10,719 | 10,719 | 2,875 | 10,719 | - | - | - | - | - | - | - | - | - | - | - | - | |
689 |
- | - | - | - | 401,726 | - | - | - | 321,570 | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
422,405 | -31,999 | -33,983 | -120,098 | 35,742 | -14,576 | 51,966 | -124,558 | 3,393 | -25,535 | -16,821 | -19,599 | -24,848 | -9,063 | 11,269 | 66,743 | -128,047 | -45,532 | -19,024 | 38,303 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-23,497 | -445,902 | -413,904 | -379,921 | -259,823 | -295,565 | -280,989 | -332,955 | -208,397 | -211,790 | -186,254 | -169,434 | -149,835 | -124,987 | -115,924 | -127,120 | -193,863 | -65,816 | -20,284 | -1,260 | |
14P |
-445,902 | -413,904 | -379,921 | -259,823 | -295,565 | - | -332,955 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 6 older financial years (2000-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 21-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 21 days after the deadline. Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00418986.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 21-08-2026 | 2026-00418986 | |
| 31-12-2024 | micro format | 04-08-2025 | 2025-00360279 | |
| 31-12-2023 | abbreviated format | 31-07-2024 | 2024-00315448 | |
| 31-12-2022 | abbreviated format | 31-07-2023 | 2023-00294101 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20399158 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-63400350 | |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-48400547 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-61300013 | |
| 31-12-2017 | abbreviated format | 22-08-2018 | 2018-49000110 | |
| 31-12-2016 | abbreviated format | 21-08-2017 | 2017-45900492 | |
| 31-12-2015 | abbreviated format | 08-08-2016 | 2016-41600398 | |
| 31-12-2014 | abbreviated format | 08-08-2015 | 2015-41100495 | |
| 31-12-2013 | abbreviated format | 15-08-2014 | 2014-44500586 | |
| 31-12-2012 | abbreviated format | 21-07-2013 | 2013-33400035 | |
| 31-12-2011 | abbreviated format | 26-07-2012 | 2012-35400477 | |
| 31-12-2010 | abbreviated format | 12-08-2011 | 2011-40100545 | |
| 31-12-2009 | abbreviated format | 04-08-2010 | 2010-38800409 | |
| 31-12-2008 | abbreviated format | 11-08-2009 | 2009-57400086 | |
| 31-12-2007 | abbreviated format | 19-08-2008 | 2008-58200239 | |
| 31-12-2006 | abbreviated format | 09-07-2007 | 2007-36800320 | |
| 31-12-2005 | abbreviated format | 21-08-2006 | 2006-64702443 | |
| 31-12-2004 | abbreviated format | 26-07-2005 | 2005-55705267 | |
| 31-12-2003 | abbreviated format | 23-09-2004 | 2004-66103081 | |
| 31-12-2002 | abbreviated format | 12-08-2003 | 2003-61303367 | |
| 31-12-2001 | abbreviated format | 26-09-2002 | 2002-59000210 | |
| 31-12-2000 | abbreviated format | 16-07-2001 | 2001-38502397 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20,053 | 23,340 | 18,167 | 18,009 | 16,421 | 15,249 | -20,687 | -38,644 | 526,920 | 15,773 | 16,736 | 15,407 | 8,798 | 31,428 | 13,182 | 108,434 | -13,237 | -6,650 | 13,187 | 50,225 | ||
| 51,394 | -1,381 | -4,114 | -90,335 | 454,294 | 11,447 | 85,502 | -116,555 | 342,537 | -4,674 | -1,860 | -4,210 | -9,459 | 13,575 | 34,199 | 89,673 | -105,117 | -22,602 | -3,635 | 54,101 | ||
| 1,056 | 2,306 | 1,153 | -160,937 | 245,500 | 4,533 | 93,447 | 713,930 | 662,826 | 0 | 3,206 | -4,325 | -4,133 | -2,646 | 40,000 | 1.2m | -3,762 | 30,165 | 26,656 | - | ||
| 4,167 | -154 | 231 | -2,080 | -150,216 | 151,349 | -135,139 | -189,665 | 325,427 | -16,387 | -13,831 | -11,382 | 2,356 | 4,355 | -9,265 | -11,614 | 52,928 | 1,714 | -2,711 | - | ||
| 372,553 | 466,960 | 481,461 | 365,988 | 311,289 | 137,514 | 554,651 | 353,016 | -95,321 | -5,172 | -79,754 | -67,629 | -63,419 | -53,960 | -66,152 | -60,279 | -66,970 | -37,584 | 15,183 | 45,474 | ||
| - | - | - | - | - | - | - | - | - | -7.8% | 2.9% | 0.0% | -11.2% | 13.7% | -15.9% | 44.9% | -73.7% | -59.1% | -4.7% | 45.1% | ||
| 60.7% | 59.7% | 60.3% | 63.2% | 61.4% | 45.0% | 41.8% | 41.3% | 50.4% | 84.5% | 80.2% | 80.3% | 80.1% | 80.8% | 80.6% | 80.1% | 28.9% | 47.2% | 50.1% | 59.6% | ||
| 2.03 | 2.79 | 2.95 | 3.88 | 2.11 | 1.19 | 2.38 | 1.96 | 0.92 | 0.85 | 0.33 | 0.42 | 0.47 | 0.49 | 0.39 | 0.46 | 0.50 | 0.64 | 1.14 | 8.57 | ||
| 0.49 | 0.43 | 0.41 | 0.34 | 0.40 | 1.00 | 1.17 | 1.19 | 0.77 | 0.03 | 0.09 | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 | 0.74 | 0.34 | 0.31 | 0.02 | ||
| 0.6% | -2.5% | -2.5% | -7.2% | 21.9% | -1.7% | 3.2% | -9.1% | 19.9% | -1.9% | -1.3% | -1.4% | -1.8% | -0.6% | 0.8% | 4.8% | -70.7% | -14.7% | -5.4% | 10.2% | ||
| 0.3% | -1.5% | -1.5% | -4.6% | 13.5% | -0.7% | 1.3% | -3.7% | 10.0% | -1.6% | -1.0% | -1.2% | -1.5% | -0.5% | 0.6% | 3.8% | -20.4% | -7.0% | -2.7% | 6.1% | ||
| 0.66 | 0.77 | 0.65 | 0.16 | 0.52 | - | -0.42 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | 227 days | 155 days | 90 days | 94 days | 83 days | 60 days | 31 days | 10 days | 51 days | 21 days | 26 days | 9 days | ||
| - | - | - | - | - | - | - | - | 523 days | 9 days | 23 days | 8 days | 13 days | 1 day | 31 days | 35 days | 165 days | 48 days | 7 days | 9 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | - | €484,942 | €484,942 | €492,538 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,056 | €2,306 | €1,153 | - | - |
| Financial fixed assets | €0 | - | - | - | €245,500 |
| €41,434 | €41,336 | €40,588 | €40,482 | €27,545 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on W.E.R.
The operating result for 2025 is a loss of €21,381, larger than the loss of €17,997 in 2024.
Debt's share of the balance-sheet total rises from 25.8% to 29.6%. Equity and debt are higher.