WE: 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.
WE
Largest movements
- Tangible fixed assets -€6,516
down €6,516 (-8.1%), from €80,323 to €73,807
of which Land and buildings: -€3,604
- Receivables within one year +€4,771
up €4,771 (+63.1%), from €7,564 to €12,335
of which Trade receivables: +€5,065
- Stocks and contracts -€2,894
down €2,894 (-85.5%), from €3,384 to €490
- Accrued charges and deferred income +€8,437
up €8,437 (+151.5%), from €5,569 to €14,006
- Other debts -€5,223
down €5,223 (-77.6%), from €6,732 to €1,509
- Debts after one year -€5,000
down €5,000 (-6.4%), from €78,224 to €73,224
- Trade debts -€2,507
down €2,507 (-43.9%), from €5,707 to €3,200
- Current portion of long-term debt -€2,310
down €2,310 (-100.0%), from €2,310 to €0
- Gross operating margin +€2,424
up €2,424 (+12.3%), from €19,642 to €22,066
- Other operating charges +€1,459
up €1,459 (+54.2%), from €2,692 to €4,152
- Depreciation -€1,234
down €1,234 (-10.5%), from €11,799 to €10,565
- Financial charges -€280
down €280 (-4.3%), from €6,444 to €6,164
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 | €107,801 | €101,532 | -€6,269 | -5.8% |
| Fixed assets | 21/28 | €82,763 | €76,247 | -€6,516 | -7.9% |
| Tangible fixed assets | 22/27 | €80,323 | €73,807 | -€6,516 | -8.1% |
| Land and buildings | 22 | €74,642 | €71,038 | -€3,604 | -4.8% |
| Plant, machinery and equipment | 23 | €2,029 | €2,273 | +€244 | +12.0% |
| Furniture and vehicles | 24 | €3,652 | €496 | -€3,156 | -86.4% |
| Financial fixed assets | 28 | €2,440 | €2,440 | = | 0.0% |
| Current assets | 29/58 | €25,038 | €25,285 | +€247 | +1.0% |
| Stocks and contracts in progress | 3 | €3,384 | €490 | -€2,894 | -85.5% |
| Stocks | 30/36 | €3,384 | €490 | -€2,894 | -85.5% |
| Amounts receivable within one year | 40/41 | €7,564 | €12,335 | +€4,771 | +63.1% |
| Trade receivables | 40 | €7,104 | €12,169 | +€5,065 | +71.3% |
| Other amounts receivable | 41 | €459 | €166 | -€293 | -63.8% |
| Cash at bank and in hand | 54/58 | €11,590 | €10,892 | -€698 | -6.0% |
| Deferred charges and accrued income | 490/1 | €2,500 | €1,568 | -€932 | -37.3% |
| Total equity and liabilities | 10/49 | €107,801 | €101,532 | -€6,269 | -5.8% |
| Equity | 10/15 | €8,896 | €9,405 | +€510 | +5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,026 | €4,026 | = | 0.0% |
| Distributable reserves | 133 | €4,026 | €4,026 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,530 | -€7,020 | +€510 | +6.8% |
| Amounts payable | 17/49 | €98,905 | €92,127 | -€6,779 | -6.9% |
| Amounts payable after more than one year | 17 | €78,224 | €73,224 | -€5,000 | -6.4% |
| Financial debts | 170/4 | €78,224 | €73,224 | -€5,000 | -6.4% |
| Amounts payable within one year | 42/48 | €15,112 | €4,896 | -€10,216 | -67.6% |
| Current portion of amounts payable after more than one year | 42 | €2,310 | €0 | -€2,310 | -100.0% |
| Trade debts | 44 | €5,707 | €3,200 | -€2,507 | -43.9% |
| Suppliers | 440/4 | €5,707 | €3,200 | -€2,507 | -43.9% |
| Taxes, remuneration and social security | 45 | €363 | €187 | -€176 | -48.5% |
| Taxes | 450/3 | €363 | €187 | -€176 | -48.5% |
| Other amounts payable | 47/48 | €6,732 | €1,509 | -€5,223 | -77.6% |
| Accrued charges and deferred income | 492/3 | €5,569 | €14,006 | +€8,437 | +151.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,799 | €10,565 | -€1,234 | -10.5% |
| Other operating charges | 640/8 | €2,692 | €4,152 | +€1,459 | +54.2% |
| Gross operating margin | 9900 | €19,642 | €22,066 | +€2,424 | +12.3% |
| Operating profit (loss) | 9901 | €5,150 | €7,349 | +€2,199 | +42.7% |
| Financial income | 75/76B | €1 | €1 | -€0 | -2.3% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -2.3% |
| Financial charges | 65/66B | €6,444 | €6,164 | -€280 | -4.3% |
| Recurring financial charges | 65 | €6,444 | €6,164 | -€280 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,293 | €1,185 | +€2,479 | |
| Income taxes | 67/77 | €763 | €675 | -€88 | -11.5% |
| Profit (loss) for the period | 9904 | -€2,056 | €510 | +€2,566 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,056 | €510 | +€2,566 |
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 11 October 2026 via checked.be.