GROUP WES: 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.
GROUP WES
Largest movements
- Receivables within one year +€62,903
up €62,903 (+37.3%), from €168,698 to €231,600
of which Trade receivables: +€51,481
- Tangible fixed assets +€7,970
up €7,970 (+68.3%), from €11,670 to €19,640
of which Plant, machinery and equipment: +€6,066
- Cash +€5,941
up €5,941 (+9.4%), from €63,053 to €68,995
mainly Net result for the year (+€92,906) and Tax, wage and social debts (+€10,964)
- Reserves +€92,906
up €92,906 (+43.0%), from €216,289 to €309,195
- Trade debts -€17,131
down €17,131 (-81.2%), from €21,109 to €3,978
- Tax, wage and social debts +€10,964
up €10,964 (+14.0%), from €78,093 to €89,057
- Short-term financial debts -€9,924
down €9,924 (-56.8%), from €17,478 to €7,554
- Gross operating margin -€22,579
down €22,579 (-14.1%), from €159,957 to €137,379
- Taxes -€6,712
down €6,712 (-14.1%), from €47,691 to €40,979
- Financial income +€6,338
new in 2025: €6,338
- Other operating charges +€2,399
up €2,399 (+558%), from €430 to €2,829
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 | €347,230 | €424,044 | +€76,815 | +22.1% |
| Fixed assets | 21/28 | €11,670 | €19,640 | +€7,970 | +68.3% |
| Tangible fixed assets | 22/27 | €11,670 | €19,640 | +€7,970 | +68.3% |
| Plant, machinery and equipment | 23 | €7,079 | €13,145 | +€6,066 | +85.7% |
| Furniture and vehicles | 24 | €4,590 | €6,495 | +€1,905 | +41.5% |
| Current assets | 29/58 | €335,560 | €404,404 | +€68,844 | +20.5% |
| Stocks and contracts in progress | 3 | €103,809 | €103,809 | = | 0.0% |
| Stocks | 30/36 | €103,809 | €103,809 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €168,698 | €231,600 | +€62,903 | +37.3% |
| Trade receivables | 40 | €51,197 | €102,678 | +€51,481 | +101% |
| Other amounts receivable | 41 | €117,500 | €128,923 | +€11,422 | +9.7% |
| Cash at bank and in hand | 54/58 | €63,053 | €68,995 | +€5,941 | +9.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €347,230 | €424,044 | +€76,815 | +22.1% |
| Equity | 10/15 | €230,549 | €323,455 | +€92,906 | +40.3% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €216,289 | €309,195 | +€92,906 | +43.0% |
| Distributable reserves | 133 | €216,289 | €309,195 | +€92,906 | +43.0% |
| Amounts payable | 17/49 | €116,680 | €100,589 | -€16,091 | -13.8% |
| Amounts payable within one year | 42/48 | €116,680 | €100,589 | -€16,091 | -13.8% |
| Financial debts | 43 | €17,478 | €7,554 | -€9,924 | -56.8% |
| Credit institutions | 430/8 | €17,478 | €7,554 | -€9,924 | -56.8% |
| Trade debts | 44 | €21,109 | €3,978 | -€17,131 | -81.2% |
| Suppliers | 440/4 | €21,109 | €3,978 | -€17,131 | -81.2% |
| Taxes, remuneration and social security | 45 | €78,093 | €89,057 | +€10,964 | +14.0% |
| Taxes | 450/3 | €78,093 | €89,057 | +€10,964 | +14.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,597 | €5,223 | +€626 | +13.6% |
| Other operating charges | 640/8 | €430 | €2,829 | +€2,399 | +558% |
| Gross operating margin | 9900 | €159,957 | €137,379 | -€22,579 | -14.1% |
| Operating profit (loss) | 9901 | €154,931 | €129,326 | -€25,605 | -16.5% |
| Financial income | 75/76B | - | €6,338 | +€6,338 | |
| Recurring financial income | 75 | - | €6,338 | +€6,338 | |
| Financial charges | 65/66B | €1,987 | €1,779 | -€208 | -10.5% |
| Recurring financial charges | 65 | €1,987 | €1,779 | -€208 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €152,944 | €133,885 | -€19,059 | -12.5% |
| Income taxes | 67/77 | €47,691 | €40,979 | -€6,712 | -14.1% |
| Profit (loss) for the period | 9904 | €105,253 | €92,906 | -€12,347 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €105,253 | €92,906 | -€12,347 | -11.7% |
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 18 October 2026 via checked.be.