WE Environnement: 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 Environnement
Largest movements
- Financial fixed assets +€30.6m
up €30.6m (+21.0%), from €145.8m to €176.4m
- Cash +€10.0m
up €10.0m (+59.0%), from €17.0m to €27.0m
mainly Contributions, distributions and other (+€18.1m) and Net result for the year (+€11.5m)
- Contributions +€25.0m
up €25.0m (+25.0%), from €100.0m to €125.0m
- Debts after one year +€10.0m
up €10.0m (+25.0%), from €40.0m to €50.0m
- Profit (loss) carried forward +€4.0m
up €4.0m (+24.1%), from €16.6m to €20.6m
- Financial charges -€3.3m
down €3.3m (-18.2%), from €17.9m to €14.7m
of which Non-recurring financial charges: -€4.7m
- Financial income +€2.3m
up €2.3m (+9.0%), from €25.1m to €27.4m
of which Financial income: +€4.6m
- Purchases and services -€746,816
no longer reported in 2025 (was €746,816)
- Staff costs -€200,198
down €200,198 (-24.7%), from €810,934 to €610,736
- Gross operating margin +€154,508
up €154,508 (+23.4%), from -€660,143 to -€505,635
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 | €174,090,635 | €216,495,419 | +€42.4m | +24.4% |
| Fixed assets | 21/28 | €145,770,451 | €176,420,291 | +€30.6m | +21.0% |
| Tangible fixed assets | 22/27 | €125 | €5,718 | +€5,593 | +4,473% |
| Furniture and vehicles | 24 | €125 | €5,718 | +€5,593 | +4,473% |
| Financial fixed assets | 28 | €145,770,326 | €176,414,573 | +€30.6m | +21.0% |
| Current assets | 29/58 | €28,320,184 | €40,075,128 | +€11.8m | +41.5% |
| Amounts receivable within one year | 40/41 | €439,661 | €398,002 | -€41,660 | -9.5% |
| Trade receivables | 40 | €73,326 | €56,450 | -€16,876 | -23.0% |
| Other amounts receivable | 41 | €366,335 | €341,551 | -€24,784 | -6.8% |
| Current investments | 50/53 | €9,624,398 | €9,612,389 | -€12,010 | -0.1% |
| Cash at bank and in hand | 54/58 | €16,976,092 | €26,989,579 | +€10.0m | +59.0% |
| Deferred charges and accrued income | 490/1 | €1,280,032 | €3,075,159 | +€1.8m | +140% |
| Total equity and liabilities | 10/49 | €174,090,635 | €216,495,419 | +€42.4m | +24.4% |
| Equity | 10/15 | €127,867,480 | €157,446,756 | +€29.6m | +23.1% |
| Contributions | 10/11 | €100,000,000 | €125,000,000 | +€25.0m | +25.0% |
| Capital | 10 | €100,000,000 | €125,000,000 | +€25.0m | +25.0% |
| Issued capital | 100 | €100,000,000 | €125,000,000 | +€25.0m | +25.0% |
| Reserves | 13 | €11,276,024 | €11,851,024 | +€575,000 | +5.1% |
| Non-distributable reserves | 130/1 | €4,665,000 | €5,240,000 | +€575,000 | +12.3% |
| Legal reserve | 130 | €4,665,000 | €5,240,000 | +€575,000 | +12.3% |
| Distributable reserves | 133 | €6,611,024 | €6,611,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,591,456 | €20,595,733 | +€4.0m | +24.1% |
| Amounts payable | 17/49 | €46,223,155 | €59,048,662 | +€12.8m | +27.7% |
| Amounts payable after more than one year | 17 | €40,000,000 | €50,000,000 | +€10.0m | +25.0% |
| Other amounts payable | 178/9 | €40,000,000 | €50,000,000 | +€10.0m | +25.0% |
| Amounts payable within one year | 42/48 | €6,223,136 | €8,806,415 | +€2.6m | +41.5% |
| Trade debts | 44 | €564,539 | €1,831,347 | +€1.3m | +224% |
| Suppliers | 440/4 | €564,539 | €1,831,347 | +€1.3m | +224% |
| Taxes, remuneration and social security | 45 | €144,680 | €100,069 | -€44,611 | -30.8% |
| Taxes | 450/3 | €42,141 | €27,916 | -€14,224 | -33.8% |
| Remuneration and social security | 454/9 | €102,540 | €72,152 | -€30,387 | -29.6% |
| Other amounts payable | 47/48 | €5,513,917 | €6,875,000 | +€1.4m | +24.7% |
| Accrued charges and deferred income | 492/3 | €19 | €242,247 | +€242,228 | +1,255,065% |
| Turnover | 70 | €80,117 | - | -€80,117 | |
| Non-recurring operating income | 76A | - | €1,448 | +€1,448 | |
| Goods, raw materials, services and sundry goods | 60/61 | €746,816 | - | -€746,816 | |
| Remuneration, social security and pensions | 62 | €810,934 | €610,736 | -€200,198 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,077 | €2,606 | +€1,529 | +142% |
| Other operating charges | 640/8 | €26,081 | €19,587 | -€6,494 | -24.9% |
| Gross operating margin | 9900 | -€660,143 | -€505,635 | +€154,508 | +23.4% |
| Operating profit (loss) | 9901 | -€1,498,235 | -€1,138,565 | +€359,670 | +24.0% |
| Financial income | 75/76B | €25,099,232 | €27,359,064 | +€2.3m | +9.0% |
| Recurring financial income | 75 | €17,462,786 | €22,057,041 | +€4.6m | +26.3% |
| Non-recurring financial income | 76B | €7,636,445 | €5,302,023 | -€2.3m | -30.6% |
| Financial charges | 65/66B | €17,947,018 | €14,683,072 | -€3.3m | -18.2% |
| Recurring financial charges | 65 | €257,488 | €1,678,746 | +€1.4m | +552% |
| Non-recurring financial charges | 66B | €17,689,530 | €13,004,326 | -€4.7m | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €5,653,979 | €11,537,427 | +€5.9m | +104% |
| Income taxes | 67/77 | €734 | €83,150 | +€82,417 | +11,230% |
| Profit (loss) for the period | 9904 | €5,653,245 | €11,454,277 | +€5.8m | +103% |
| Transfer from tax-exempt reserves | 789 | €5,827,824 | - | -€5.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €11,481,069 | €11,454,277 | -€26,793 | -0.2% |
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 28 October 2026 via checked.be.