WE-KONSTRUKT: what changed
What changed
WE-KONSTRUKT
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€49,135
2024 · €75,515-€26,380
Equity
€415,119
2024 · €553,483-€138,364
Cash
€159,324
2024 · €155,706+€3,618
Balance sheet total
€537,900
2024 · €675,295-€137,395
Largest movements
Assets
- Current investments -€50,000
down €50,000 (-19.2%), from €260,000 to €210,000
- Receivables within one year -€49,260
down €49,260 (-42.3%), from €116,523 to €67,263
of which Other amounts receivable: -€70,000
- Tangible fixed assets -€32,866
down €32,866 (-24.6%), from €133,341 to €100,476
of which Other tangible fixed assets: -€25,288
- Deferred charges and accrued income -€8,887
down €8,887 (-91.4%), from €9,725 to €839
Equity and liabilities
- Reserves -€138,364
down €138,364 (-30.6%), from €452,699 to €314,335
- Other debts -€11,630
down €11,630 (-10.0%), from €115,815 to €104,185
- Tax, wage and social debts +€7,964
up €7,964 (+136%), from €5,840 to €13,805
Income statement
- Gross operating margin -€43,948
down €43,948 (-30.0%), from €146,582 to €102,634
- Taxes -€20,377
down €20,377 (-44.1%), from €46,173 to €25,797
- Financial income -€5,019
down €5,019 (-36.8%), from €13,658 to €8,639
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€75,515
Gross operating margin
-€43,948
Depreciation
+€369
Other operating charges
-€28
Other operating items
+€1,564
Financial income
-€5,019
Financial charges
+€305
Taxes
+€20,377
Result 2025
€49,135
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€141,117
Investment
+€50,000
Financing
-€187,499
Cash 2024
€155,706
From operations (derived)
+€141,117
Net result for the year
+€49,135
Depreciation
+€32,866
Receivables within one year
+€49,260
Deferred charges and accrued income
+€8,887
Trade debts
+€4,634
Tax, wage and social debts
+€7,964
Other debts
-€11,630
Investment (derived)
+€50,000
Current investments
+€50,000
Financing
-€187,499
Contributions, distributions and other
-€187,499
Cash 2025
€159,324
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €675,295 | €537,900 | -€137,395 | -20.3% |
| Fixed assets | 21/28 | €133,341 | €100,476 | -€32,866 | -24.6% |
| Tangible fixed assets | 22/27 | €133,341 | €100,476 | -€32,866 | -24.6% |
| Plant, machinery and equipment | 23 | €21,578 | €14,095 | -€7,483 | -34.7% |
| Furniture and vehicles | 24 | €95 | €0 | -€95 | -100% |
| Other tangible fixed assets | 26 | €111,669 | €86,381 | -€25,288 | -22.6% |
| Current assets | 29/58 | €541,954 | €437,425 | -€104,529 | -19.3% |
| Amounts receivable within one year | 40/41 | €116,523 | €67,263 | -€49,260 | -42.3% |
| Trade receivables | 40 | €16,523 | €37,263 | +€20,740 | +126% |
| Other amounts receivable | 41 | €100,000 | €30,000 | -€70,000 | -70.0% |
| Current investments | 50/53 | €260,000 | €210,000 | -€50,000 | -19.2% |
| Cash at bank and in hand | 54/58 | €155,706 | €159,324 | +€3,618 | +2.3% |
| Deferred charges and accrued income | 490/1 | €9,725 | €839 | -€8,887 | -91.4% |
| Total equity and liabilities | 10/49 | €675,295 | €537,900 | -€137,395 | -20.3% |
| Equity | 10/15 | €553,483 | €415,119 | -€138,364 | -25.0% |
| Contributions | 10/11 | €100,784 | €100,784 | = | 0.0% |
| Reserves | 13 | €452,699 | €314,335 | -€138,364 | -30.6% |
| Distributable reserves | 133 | €452,699 | €314,335 | -€138,364 | -30.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €121,812 | €122,782 | +€969 | +0.8% |
| Amounts payable within one year | 42/48 | €121,812 | €122,782 | +€969 | +0.8% |
| Trade debts | 44 | €157 | €4,791 | +€4,634 | +2,953% |
| Suppliers | 440/4 | €157 | €4,791 | +€4,634 | +2,953% |
| Taxes, remuneration and social security | 45 | €5,840 | €13,805 | +€7,964 | +136% |
| Taxes | 450/3 | €5,840 | €13,805 | +€7,964 | +136% |
| Other amounts payable | 47/48 | €115,815 | €104,185 | -€11,630 | -10.0% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,234 | €32,866 | -€369 | -1.1% |
| Other operating charges | 640/8 | €2,758 | €2,786 | +€28 | +1.0% |
| Non-recurring operating charges | 66A | €1,564 | €0 | -€1,564 | -100% |
| Gross operating margin | 9900 | €146,582 | €102,634 | -€43,948 | -30.0% |
| Operating profit (loss) | 9901 | €109,026 | €66,982 | -€42,043 | -38.6% |
| Financial income | 75/76B | €13,658 | €8,639 | -€5,019 | -36.8% |
| Recurring financial income | 75 | €13,658 | €8,639 | -€5,019 | -36.8% |
| Financial charges | 65/66B | €995 | €690 | -€305 | -30.7% |
| Recurring financial charges | 65 | €995 | €690 | -€305 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €121,689 | €74,932 | -€46,757 | -38.4% |
| Income taxes | 67/77 | €46,173 | €25,797 | -€20,377 | -44.1% |
| Profit (loss) for the period | 9904 | €75,515 | €49,135 | -€26,380 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,515 | €49,135 | -€26,380 | -34.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.