WCE: 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.
WCE
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Tax, wage and social debts -€58,805
down €58,805 (-38.4%), from €152,986 to €94,181
of which Taxes: -€62,427
- Current portion of long-term debt +€33,122
new in 2025: €33,122
- Reserves +€18,645
up €18,645 (+2.3%), from €802,774 to €821,419
of which Distributable reserves: +€18,645
- Turnover -€133,500
down €133,500 (-45.2%), from €295,500 to €162,000
- Gross operating margin -€129,397
down €129,397 (-44.9%), from €288,026 to €158,629
- Taxes -€33,860
down €33,860 (-76.5%), from €44,286 to €10,425
- Financial charges -€5,610
down €5,610 (-25.7%), from €21,804 to €16,194
- Purchases and services -€5,090
down €5,090 (-56.8%), from €8,954 to €3,864
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 | €1,177,562 | €1,176,944 | -€618 | -0.1% |
| Fixed assets | 21/28 | €1,160,059 | €1,160,059 | = | 0.0% |
| Financial fixed assets | 28 | €1,160,059 | €1,160,059 | = | 0.0% |
| Current assets | 29/58 | €17,503 | €16,885 | -€618 | -3.5% |
| Amounts receivable within one year | 40/41 | €17,385 | €15,905 | -€1,480 | -8.5% |
| Trade receivables | 40 | €17,385 | €15,905 | -€1,480 | -8.5% |
| Cash at bank and in hand | 54/58 | €1 | €980 | +€979 | +99941.8% |
| Deferred charges and accrued income | 490/1 | €117 | - | -€117 | |
| Total equity and liabilities | 10/49 | €1,177,562 | €1,176,944 | -€618 | -0.1% |
| Equity | 10/15 | €808,974 | €827,619 | +€18,645 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €802,774 | €821,419 | +€18,645 | +2.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €802,774 | €821,419 | +€18,645 | +2.3% |
| Amounts payable | 17/49 | €368,588 | €349,325 | -€19,263 | -5.2% |
| Amounts payable within one year | 42/48 | €368,588 | €349,325 | -€19,263 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | - | €33,122 | +€33,122 | |
| Trade debts | 44 | €5,131 | €5,766 | +€635 | +12.4% |
| Suppliers | 440/4 | €5,131 | €5,766 | +€635 | +12.4% |
| Taxes, remuneration and social security | 45 | €152,986 | €94,181 | -€58,805 | -38.4% |
| Taxes | 450/3 | €124,040 | €61,613 | -€62,427 | -50.3% |
| Remuneration and social security | 454/9 | €28,946 | €32,568 | +€3,622 | +12.5% |
| Other amounts payable | 47/48 | €210,472 | €216,257 | +€5,785 | +2.7% |
| Turnover | 70 | €295,500 | €162,000 | -€133,500 | -45.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,954 | €3,864 | -€5,090 | -56.8% |
| Remuneration, social security and pensions | 62 | €100,499 | €104,598 | +€4,099 | +4.1% |
| Other operating charges | 640/8 | €12,977 | €8,766 | -€4,211 | -32.4% |
| Gross operating margin | 9900 | €288,026 | €158,629 | -€129,397 | -44.9% |
| Operating profit (loss) | 9901 | €174,550 | €45,264 | -€129,285 | -74.1% |
| Financial charges | 65/66B | €21,804 | €16,194 | -€5,610 | -25.7% |
| Recurring financial charges | 65 | €21,804 | €16,194 | -€5,610 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €152,746 | €29,071 | -€123,675 | -81.0% |
| Income taxes | 67/77 | €44,286 | €10,425 | -€33,860 | -76.5% |
| Profit (loss) for the period | 9904 | €108,461 | €18,645 | -€89,815 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €108,461 | €18,645 | -€89,815 | -82.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.