W&E Finance: what changed
What changed
W&E Finance
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
filed annual accounts (NBB)
Net result for the year
-€57,758
2024 · -€432,070+€374,312
Equity
-€542,270
2024 · -€484,512-€57,758
Cash
€27,305
2024 · €28,737-€1,432
Balance sheet total
€463,572
2024 · €580,954-€117,382
Largest movements
Assets
- Intangible fixed assets -€107,275
down €107,275 (-31.6%), from €339,445 to €232,171
- Tangible fixed assets -€16,643
down €16,643 (-12.5%), from €133,012 to €116,369
- Receivables within one year +€8,927
up €8,927 (+12.0%), from €74,455 to €83,381
Equity and liabilities
- Other debts +€98,002
up €98,002 (+40.8%), from €240,410 to €338,412
- Debts after one year -€96,904
down €96,904 (-16.3%), from €592,858 to €495,954
- Profit (loss) carried forward -€57,758
down €57,758 (-11.4%), from -€506,512 to -€564,270
- Short-term financial debts -€55,000
down €55,000 (-44.0%), from €125,000 to €70,000
Income statement
- Gross operating margin +€382,967
up €382,967, from -€278,405 to €104,562
- Financial charges +€5,845
up €5,845 (+25.3%), from €23,091 to €28,936
- Other operating charges +€3,439
up €3,439 (+40.0%), from €8,604 to €12,043
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€432,070
Gross operating margin
+€382,967
Depreciation
-€15
Other operating charges
-€3,439
Financial income
+€644
Financial charges
-€5,845
Result 2025
-€57,758
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€151,795
Investment
€0
Financing
-€153,226
Cash 2024
€28,737
From operations (derived)
+€151,795
Net result for the year
-€57,758
Depreciation
+€123,918
Receivables within one year
-€8,927
Deferred charges and accrued income
+€959
Trade debts
-€767
Tax, wage and social debts
-€3,323
Other debts
+€98,002
Accrued charges and deferred income
-€309
Financing
-€153,226
Debts after one year
-€96,904
Current portion of long-term debt
-€1,322
Short-term financial debts
-€55,000
Cash 2025
€27,305
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €580,954 | €463,572 | -€117,382 | -20.2% |
| Fixed assets | 21/28 | €473,035 | €349,117 | -€123,918 | -26.2% |
| Intangible fixed assets | 21 | €339,445 | €232,171 | -€107,275 | -31.6% |
| Tangible fixed assets | 22/27 | €133,012 | €116,369 | -€16,643 | -12.5% |
| Plant, machinery and equipment | 23 | €11,609 | €7,087 | -€4,522 | -39.0% |
| Furniture and vehicles | 24 | €10,761 | €4,182 | -€6,579 | -61.1% |
| Other tangible fixed assets | 26 | €110,642 | €105,100 | -€5,542 | -5.0% |
| Financial fixed assets | 28 | €577 | €577 | = | 0.0% |
| Current assets | 29/58 | €107,919 | €114,455 | +€6,536 | +6.1% |
| Amounts receivable within one year | 40/41 | €74,455 | €83,381 | +€8,927 | +12.0% |
| Other amounts receivable | 41 | €74,455 | €83,381 | +€8,927 | +12.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €28,737 | €27,305 | -€1,432 | -5.0% |
| Deferred charges and accrued income | 490/1 | €4,727 | €3,769 | -€959 | -20.3% |
| Total equity and liabilities | 10/49 | €580,954 | €463,572 | -€117,382 | -20.2% |
| Equity | 10/15 | -€484,512 | -€542,270 | -€57,758 | -11.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€506,512 | -€564,270 | -€57,758 | -11.4% |
| Amounts payable | 17/49 | €1,065,465 | €1,005,842 | -€59,624 | -5.6% |
| Amounts payable after more than one year | 17 | €592,858 | €495,954 | -€96,904 | -16.3% |
| Financial debts | 170/4 | €592,858 | €495,954 | -€96,904 | -16.3% |
| Amounts payable within one year | 42/48 | €472,261 | €509,851 | +€37,590 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €99,625 | €98,303 | -€1,322 | -1.3% |
| Financial debts | 43 | €125,000 | €70,000 | -€55,000 | -44.0% |
| Credit institutions | 430/8 | €125,000 | €70,000 | -€55,000 | -44.0% |
| Trade debts | 44 | €2,302 | €1,534 | -€767 | -33.3% |
| Suppliers | 440/4 | €2,302 | €1,534 | -€767 | -33.3% |
| Taxes, remuneration and social security | 45 | €4,925 | €1,602 | -€3,323 | -67.5% |
| Taxes | 450/3 | €4,925 | €1,602 | -€3,323 | -67.5% |
| Other amounts payable | 47/48 | €240,410 | €338,412 | +€98,002 | +40.8% |
| Accrued charges and deferred income | 492/3 | €346 | €36 | -€309 | -89.5% |
| Non-recurring operating income | 76A | €0 | €211,238 | +€211,238 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,903 | €123,918 | +€15 | 0.0% |
| Other operating charges | 640/8 | €8,604 | €12,043 | +€3,439 | +40.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€278,405 | €104,562 | +€382,967 | |
| Operating profit (loss) | 9901 | -€410,911 | -€31,398 | +€379,513 | +92.4% |
| Financial income | 75/76B | €1,932 | €2,576 | +€644 | +33.3% |
| Recurring financial income | 75 | €1,932 | €2,576 | +€644 | +33.3% |
| Financial charges | 65/66B | €23,091 | €28,936 | +€5,845 | +25.3% |
| Recurring financial charges | 65 | €23,091 | €28,936 | +€5,845 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | -€432,070 | -€57,758 | +€374,312 | +86.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€432,070 | -€57,758 | +€374,312 | +86.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€432,070 | -€57,758 | +€374,312 | +86.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.