W.E. Transport: 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.
W.E. Transport
Largest movements
- Cash +€156,589
up €156,589 (+67.2%), from €233,032 to €389,621
mainly Net result for the year (+€121,084) and Receivables within one year (+€107,250)
- Receivables within one year -€107,250
down €107,250 (-22.8%), from €469,507 to €362,257
of which Trade receivables: -€114,181
- Tangible fixed assets -€8,633
down €8,633 (-28.1%), from €30,720 to €22,087
- Reserves +€121,084
up €121,084 (+25.2%), from €480,265 to €601,350
- Trade debts -€64,367
down €64,367 (-39.2%), from €164,099 to €99,733
- Current portion of long-term debt -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Gross operating margin +€14,002
up €14,002 (+8.0%), from €174,738 to €188,740
- Depreciation +€8,436
up €8,436 (+104.8%), from €8,047 to €16,483
- Other operating charges +€4,816
up €4,816 (+119.0%), from €4,048 to €8,864
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 | €734,142 | €774,996 | +€40,853 | +5.6% |
| Fixed assets | 21/28 | €30,720 | €22,087 | -€8,633 | -28.1% |
| Tangible fixed assets | 22/27 | €30,720 | €22,087 | -€8,633 | -28.1% |
| Furniture and vehicles | 24 | €30,720 | €22,087 | -€8,633 | -28.1% |
| Current assets | 29/58 | €703,422 | €752,909 | +€49,486 | +7.0% |
| Amounts receivable within one year | 40/41 | €469,507 | €362,257 | -€107,250 | -22.8% |
| Trade receivables | 40 | €366,481 | €252,300 | -€114,181 | -31.2% |
| Other amounts receivable | 41 | €103,027 | €109,958 | +€6,931 | +6.7% |
| Cash at bank and in hand | 54/58 | €233,032 | €389,621 | +€156,589 | +67.2% |
| Deferred charges and accrued income | 490/1 | €883 | €1,030 | +€148 | +16.7% |
| Total equity and liabilities | 10/49 | €734,142 | €774,996 | +€40,853 | +5.6% |
| Equity | 10/15 | €530,265 | €651,350 | +€121,084 | +22.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €480,265 | €601,350 | +€121,084 | +25.2% |
| Distributable reserves | 133 | €480,265 | €601,350 | +€121,084 | +25.2% |
| Amounts payable | 17/49 | €203,877 | €123,646 | -€80,231 | -39.4% |
| Amounts payable within one year | 42/48 | €203,877 | €123,646 | -€80,231 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €0 | -€10,000 | -100.0% |
| Trade debts | 44 | €164,099 | €99,733 | -€64,367 | -39.2% |
| Suppliers | 440/4 | €164,099 | €99,733 | -€64,367 | -39.2% |
| Taxes, remuneration and social security | 45 | €23,895 | €18,031 | -€5,864 | -24.5% |
| Taxes | 450/3 | €23,895 | €18,031 | -€5,864 | -24.5% |
| Other amounts payable | 47/48 | €5,882 | €5,882 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,047 | €16,483 | +€8,436 | +104.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €163 | +€163 | |
| Other operating charges | 640/8 | €4,048 | €8,864 | +€4,816 | +119.0% |
| Gross operating margin | 9900 | €174,738 | €188,740 | +€14,002 | +8.0% |
| Operating profit (loss) | 9901 | €162,644 | €163,230 | +€587 | +0.4% |
| Financial income | 75/76B | €220 | €0 | -€220 | -100.0% |
| Recurring financial income | 75 | €220 | €0 | -€220 | -100.0% |
| Financial charges | 65/66B | €1,411 | €1,537 | +€126 | +9.0% |
| Recurring financial charges | 65 | €1,411 | €1,537 | +€126 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €161,453 | €161,693 | +€240 | +0.1% |
| Income taxes | 67/77 | €40,424 | €40,609 | +€185 | +0.5% |
| Profit (loss) for the period | 9904 | €121,030 | €121,084 | +€55 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,030 | €121,084 | +€55 | 0.0% |
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 9 October 2026 via checked.be.