WE COMPANY: 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 COMPANY
Largest movements
- Tangible fixed assets +€447,357
up €447,357 (+42.0%), from €1.1m to €1.5m
- Receivables within one year +€82,070
up €82,070 (+13.4%), from €613,200 to €695,270
of which Other amounts receivable: +€66,800
- Cash -€79,690
down €79,690 (-22.9%), from €348,558 to €268,868
mainly Investment in fixed assets (net) (-€486,235) and Contributions, distributions and other (-€275,814)
- Other debts +€324,441
up €324,441 (+32.7%), from €992,276 to €1.3m
- Reserves +€139,122
up €139,122 (+15.4%), from €903,985 to €1.0m
- Financial income +€392,584
new in 2025: €392,584
- Financial charges -€14,575
down €14,575 (-11.7%), from €124,486 to €109,911
- Taxes +€8,348
up €8,348 (+311%), from €2,687 to €11,035
- Depreciation +€2,234
up €2,234 (+6.1%), from €36,644 to €38,878
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.
Derived cash bridge
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 | €4,428,136 | €4,877,873 | +€449,737 | +10.2% |
| Fixed assets | 21/28 | €3,466,379 | €3,913,736 | +€447,357 | +12.9% |
| Tangible fixed assets | 22/27 | €1,066,379 | €1,513,736 | +€447,357 | +42.0% |
| Land and buildings | 22 | €1,066,379 | €1,513,736 | +€447,357 | +42.0% |
| Financial fixed assets | 28 | €2,400,000 | €2,400,000 | = | 0.0% |
| Current assets | 29/58 | €961,758 | €964,137 | +€2,380 | +0.2% |
| Amounts receivable within one year | 40/41 | €613,200 | €695,270 | +€82,070 | +13.4% |
| Trade receivables | 40 | - | €15,270 | +€15,270 | |
| Other amounts receivable | 41 | €613,200 | €680,000 | +€66,800 | +10.9% |
| Cash at bank and in hand | 54/58 | €348,558 | €268,868 | -€79,690 | -22.9% |
| Total equity and liabilities | 10/49 | €4,428,136 | €4,877,873 | +€449,737 | +10.2% |
| Equity | 10/15 | €1,803,985 | €1,943,107 | +€139,122 | +7.7% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €903,985 | €1,043,107 | +€139,122 | +15.4% |
| Distributable reserves | 133 | €903,985 | €1,043,107 | +€139,122 | +15.4% |
| Amounts payable | 17/49 | €2,624,151 | €2,934,766 | +€310,615 | +11.8% |
| Amounts payable after more than one year | 17 | €1,550,000 | €1,550,000 | = | 0.0% |
| Financial debts | 170/4 | €1,550,000 | €1,550,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,074,151 | €1,384,766 | +€310,615 | +28.9% |
| Trade debts | 44 | €16,439 | - | -€16,439 | |
| Suppliers | 440/4 | €16,439 | - | -€16,439 | |
| Taxes, remuneration and social security | 45 | €65,436 | €68,049 | +€2,613 | +4.0% |
| Taxes | 450/3 | €65,436 | €68,049 | +€2,613 | +4.0% |
| Other amounts payable | 47/48 | €992,276 | €1,316,718 | +€324,441 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,644 | €38,878 | +€2,234 | +6.1% |
| Other operating charges | 640/8 | €4,373 | €5,365 | +€992 | +22.7% |
| Gross operating margin | 9900 | €186,895 | €187,542 | +€647 | +0.3% |
| Operating profit (loss) | 9901 | €145,879 | €143,299 | -€2,580 | -1.8% |
| Financial income | 75/76B | - | €392,584 | +€392,584 | |
| Recurring financial income | 75 | - | €392,584 | +€392,584 | |
| Financial charges | 65/66B | €124,486 | €109,911 | -€14,575 | -11.7% |
| Recurring financial charges | 65 | €124,486 | €109,911 | -€14,575 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €21,393 | €425,971 | +€404,579 | +1,891% |
| Income taxes | 67/77 | €2,687 | €11,035 | +€8,348 | +311% |
| Profit (loss) for the period | 9904 | €18,706 | €414,936 | +€396,230 | +2,118% |
| Profit (loss) for the period to be appropriated | 9905 | €18,706 | €414,936 | +€396,230 | +2,118% |
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 31 October 2026 via checked.be.