BV Wetz AP: 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.
BV Wetz AP
Largest movements
- Cash +€388,769
up €388,769 (+895%), from €43,419 to €432,188
mainly Net result for the year (+€307,422) and Receivables after one year (+€176,800)
- Receivables after one year -€176,800
down €176,800 (-100%), from €176,800 to €0
- Current investments -€115,148
down €115,148 (-20.9%), from €550,545 to €435,397
- Deferred charges and accrued income -€36,325
down €36,325 (-16.0%), from €226,518 to €190,193
- Receivables within one year +€12,105
up €12,105 (+12,873%), from €94 to €12,199
of which Other amounts receivable: +€11,999
- Reserves +€307,422
up €307,422 (+42.7%), from €720,327 to €1.0m
of which Distributable reserves: +€181,122
- Other debts -€238,990
down €238,990 (-93.8%), from €254,831 to €15,841
- Gross operating margin -€83,527
down €83,527 (-16.7%), from €498,678 to €415,152
- Taxes -€19,573
down €19,573 (-17.1%), from €114,256 to €94,683
- Depreciation -€5,033
down €5,033 (-29.2%), from €17,226 to €12,193
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 | €1,012,143 | €1,075,470 | +€63,327 | +6.3% |
| Fixed assets | 21/28 | €14,767 | €5,493 | -€9,274 | -62.8% |
| Tangible fixed assets | 22/27 | €14,767 | €5,493 | -€9,274 | -62.8% |
| Plant, machinery and equipment | 23 | €1,284 | €848 | -€437 | -34.0% |
| Furniture and vehicles | 24 | €13,483 | €4,645 | -€8,838 | -65.5% |
| Current assets | 29/58 | €997,376 | €1,069,978 | +€72,602 | +7.3% |
| Amounts receivable after more than one year | 29 | €176,800 | €0 | -€176,800 | -100% |
| Other amounts receivable | 291 | €176,800 | €0 | -€176,800 | -100% |
| Amounts receivable within one year | 40/41 | €94 | €12,199 | +€12,105 | +12,873% |
| Trade receivables | 40 | €94 | €200 | +€106 | +113% |
| Other amounts receivable | 41 | - | €11,999 | +€11,999 | |
| Current investments | 50/53 | €550,545 | €435,397 | -€115,148 | -20.9% |
| Cash at bank and in hand | 54/58 | €43,419 | €432,188 | +€388,769 | +895% |
| Deferred charges and accrued income | 490/1 | €226,518 | €190,193 | -€36,325 | -16.0% |
| Total equity and liabilities | 10/49 | €1,012,143 | €1,075,470 | +€63,327 | +6.3% |
| Equity | 10/15 | €738,927 | €1,046,349 | +€307,422 | +41.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €720,327 | €1,027,749 | +€307,422 | +42.7% |
| Tax-exempt reserves | 132 | €252,600 | €378,900 | +€126,300 | +50.0% |
| Distributable reserves | 133 | €467,727 | €648,849 | +€181,122 | +38.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €273,216 | €29,122 | -€244,094 | -89.3% |
| Amounts payable within one year | 42/48 | €272,028 | €28,901 | -€243,127 | -89.4% |
| Trade debts | 44 | €58 | €3,916 | +€3,858 | +6,598% |
| Suppliers | 440/4 | €58 | €3,916 | +€3,858 | +6,598% |
| Taxes, remuneration and social security | 45 | €17,139 | €9,144 | -€7,994 | -46.6% |
| Taxes | 450/3 | €14,702 | €6,616 | -€8,086 | -55.0% |
| Remuneration and social security | 454/9 | €2,437 | €2,528 | +€92 | +3.8% |
| Other amounts payable | 47/48 | €254,831 | €15,841 | -€238,990 | -93.8% |
| Accrued charges and deferred income | 492/3 | €1,188 | €220 | -€967 | -81.5% |
| Remuneration, social security and pensions | 62 | €14,873 | €15,429 | +€556 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,226 | €12,193 | -€5,033 | -29.2% |
| Other operating charges | 640/8 | €1,940 | €2,061 | +€121 | +6.3% |
| Gross operating margin | 9900 | €498,678 | €415,152 | -€83,527 | -16.7% |
| Operating profit (loss) | 9901 | €464,639 | €385,468 | -€79,171 | -17.0% |
| Financial income | 75/76B | €18,366 | €18,798 | +€432 | +2.4% |
| Recurring financial income | 75 | €18,366 | €18,798 | +€432 | +2.4% |
| Financial charges | 65/66B | €1,850 | €2,162 | +€312 | +16.9% |
| Recurring financial charges | 65 | €1,850 | €2,162 | +€312 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €481,155 | €402,104 | -€79,051 | -16.4% |
| Income taxes | 67/77 | €114,256 | €94,683 | -€19,573 | -17.1% |
| Profit (loss) for the period | 9904 | €366,899 | €307,422 | -€59,478 | -16.2% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €126,300 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €240,599 | €181,122 | -€59,478 | -24.7% |
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 23 October 2026 via checked.be.