WE Advise: 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 Advise
Largest movements
- Tangible fixed assets -€25,368
down €25,368 (-38.7%), from €65,531 to €40,163
of which Furniture and vehicles: -€24,872
- Cash -€12,627
down €12,627 (-12.4%), from €101,613 to €88,986
mainly Contributions, distributions and other (-€97,785) and Debts after one year (-€15,465)
- Reserves -€40,298
down €40,298 (-84.7%), from €47,597 to €7,299
of which Distributable reserves: -€40,298
- Other debts +€16,162
up €16,162 (+14.7%), from €109,763 to €125,925
- Debts after one year -€15,465
down €15,465 (-62.8%), from €24,643 to €9,178
- Accrued charges and deferred income +€3,112
new in 2025: €3,112
- Gross operating margin -€5,004
down €5,004 (-3.1%), from €160,479 to €155,475
- Staff costs +€1,749
up €1,749 (+4.4%), from €39,324 to €41,073
- Taxes -€1,699
down €1,699 (-7.4%), from €23,087 to €21,388
- Financial charges -€1,606
down €1,606 (-17.2%), from €9,322 to €7,716
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 | €239,023 | €201,916 | -€37,107 | -15.5% |
| Fixed assets | 21/28 | €65,531 | €40,163 | -€25,368 | -38.7% |
| Tangible fixed assets | 22/27 | €65,531 | €40,163 | -€25,368 | -38.7% |
| Plant, machinery and equipment | 23 | €2,636 | €2,140 | -€496 | -18.8% |
| Furniture and vehicles | 24 | €62,895 | €38,023 | -€24,872 | -39.5% |
| Current assets | 29/58 | €173,491 | €161,753 | -€11,738 | -6.8% |
| Amounts receivable within one year | 40/41 | €55,782 | €56,576 | +€795 | +1.4% |
| Trade receivables | 40 | €52,187 | €39,640 | -€12,547 | -24.0% |
| Other amounts receivable | 41 | €3,595 | €16,937 | +€13,342 | +371.1% |
| Current investments | 50/53 | €12,157 | €12,232 | +€75 | +0.6% |
| Cash at bank and in hand | 54/58 | €101,613 | €88,986 | -€12,627 | -12.4% |
| Deferred charges and accrued income | 490/1 | €3,940 | €3,958 | +€19 | +0.5% |
| Total equity and liabilities | 10/49 | €239,023 | €201,916 | -€37,107 | -15.5% |
| Equity | 10/15 | €66,197 | €25,899 | -€40,298 | -60.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,597 | €7,299 | -€40,298 | -84.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,439 | €5,439 | = | 0.0% |
| Distributable reserves | 133 | €40,298 | - | -€40,298 | |
| Amounts payable | 17/49 | €172,825 | €176,017 | +€3,192 | +1.8% |
| Amounts payable after more than one year | 17 | €24,643 | €9,178 | -€15,465 | -62.8% |
| Financial debts | 170/4 | €24,643 | €9,178 | -€15,465 | -62.8% |
| Amounts payable within one year | 42/48 | €148,182 | €163,727 | +€15,545 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €15,130 | €15,465 | +€335 | +2.2% |
| Financial debts | 43 | €1,271 | €1,549 | +€278 | +21.9% |
| Credit institutions | 430/8 | €1,271 | €1,549 | +€278 | +21.9% |
| Trade debts | 44 | €546 | €53 | -€493 | -90.2% |
| Suppliers | 440/4 | €546 | €53 | -€493 | -90.2% |
| Taxes, remuneration and social security | 45 | €21,472 | €20,735 | -€736 | -3.4% |
| Taxes | 450/3 | €15,870 | €14,965 | -€905 | -5.7% |
| Remuneration and social security | 454/9 | €5,602 | €5,770 | +€168 | +3.0% |
| Other amounts payable | 47/48 | €109,763 | €125,925 | +€16,162 | +14.7% |
| Accrued charges and deferred income | 492/3 | - | €3,112 | +€3,112 | |
| Remuneration, social security and pensions | 62 | €39,324 | €41,073 | +€1,749 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,128 | €26,921 | -€206 | -0.8% |
| Other operating charges | 640/8 | €505 | €890 | +€385 | +76.2% |
| Gross operating margin | 9900 | €160,479 | €155,475 | -€5,004 | -3.1% |
| Operating profit (loss) | 9901 | €93,522 | €86,591 | -€6,931 | -7.4% |
| Financial charges | 65/66B | €9,322 | €7,716 | -€1,606 | -17.2% |
| Recurring financial charges | 65 | €9,322 | €7,716 | -€1,606 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €84,200 | €78,875 | -€5,325 | -6.3% |
| Income taxes | 67/77 | €23,087 | €21,388 | -€1,699 | -7.4% |
| Profit (loss) for the period | 9904 | €61,113 | €57,487 | -€3,626 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,113 | €57,487 | -€3,626 | -5.9% |
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 10 October 2026 via checked.be.