WE-NS: 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-NS
Largest movements
- Cash -€14,257
down €14,257 (-28.9%), from €49,329 to €35,072
mainly Receivables within one year (-€11,175) and Tax, wage and social debts (-€7,827)
- Receivables within one year +€11,175
up €11,175 (+86.0%), from €12,999 to €24,174
of which Trade receivables: +€19,190
- Tangible fixed assets -€6,065
down €6,065 (-15.7%), from €38,632 to €32,567
of which Furniture and vehicles: -€3,606
- Tax, wage and social debts -€7,827
down €7,827 (-40.5%), from €19,321 to €11,494
of which Taxes: -€4,143
- Debts after one year -€5,015
down €5,015 (-30.5%), from €16,453 to €11,439
- Other debts +€1,567
up €1,567 (+47.6%), from €3,290 to €4,857
- Trade debts +€1,219
new in 2025: €1,219
- Gross operating margin -€62,449
down €62,449 (-96.1%), from €65,003 to €2,554
- Taxes -€19,225
down €19,225, from €15,388 to -€3,838
- Financial income +€3,848
up €3,848 (+4,520%), from €85 to €3,933
- Depreciation +€2,653
up €2,653 (+41.1%), from €6,451 to €9,103
- Financial charges -€1,186
down €1,186 (-87.8%), from €1,351 to €165
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 | €100,961 | €91,813 | -€9,147 | -9.1% |
| Fixed assets | 21/28 | €38,632 | €32,567 | -€6,065 | -15.7% |
| Tangible fixed assets | 22/27 | €38,632 | €32,567 | -€6,065 | -15.7% |
| Land and buildings | 22 | €2,213 | €1,796 | -€418 | -18.9% |
| Plant, machinery and equipment | 23 | €20,937 | €18,895 | -€2,042 | -9.8% |
| Furniture and vehicles | 24 | €15,482 | €11,876 | -€3,606 | -23.3% |
| Current assets | 29/58 | €62,328 | €59,246 | -€3,082 | -4.9% |
| Amounts receivable within one year | 40/41 | €12,999 | €24,174 | +€11,175 | +86.0% |
| Trade receivables | 40 | €4,984 | €24,174 | +€19,190 | +385% |
| Other amounts receivable | 41 | €8,015 | - | -€8,015 | |
| Cash at bank and in hand | 54/58 | €49,329 | €35,072 | -€14,257 | -28.9% |
| Total equity and liabilities | 10/49 | €100,961 | €91,813 | -€9,147 | -9.1% |
| Equity | 10/15 | €55,977 | €56,790 | +€813 | +1.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €52,977 | €53,790 | +€813 | +1.5% |
| Distributable reserves | 133 | €52,977 | €53,790 | +€813 | +1.5% |
| Amounts payable | 17/49 | €44,983 | €35,023 | -€9,961 | -22.1% |
| Amounts payable after more than one year | 17 | €16,453 | €11,439 | -€5,015 | -30.5% |
| Financial debts | 170/4 | €16,453 | €11,439 | -€5,015 | -30.5% |
| Amounts payable within one year | 42/48 | €28,530 | €23,584 | -€4,946 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €5,919 | €6,015 | +€96 | +1.6% |
| Trade debts | 44 | - | €1,219 | +€1,219 | |
| Suppliers | 440/4 | - | €1,219 | +€1,219 | |
| Taxes, remuneration and social security | 45 | €19,321 | €11,494 | -€7,827 | -40.5% |
| Taxes | 450/3 | €13,831 | €9,688 | -€4,143 | -30.0% |
| Remuneration and social security | 454/9 | €5,491 | €1,806 | -€3,684 | -67.1% |
| Other amounts payable | 47/48 | €3,290 | €4,857 | +€1,567 | +47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,451 | €9,103 | +€2,653 | +41.1% |
| Other operating charges | 640/8 | €1,336 | €243 | -€1,093 | -81.8% |
| Gross operating margin | 9900 | €65,003 | €2,554 | -€62,449 | -96.1% |
| Operating profit (loss) | 9901 | €57,216 | -€6,793 | -€64,009 | |
| Financial income | 75/76B | €85 | €3,933 | +€3,848 | +4,520% |
| Recurring financial income | 75 | €85 | €3,933 | +€3,848 | +4,520% |
| Financial charges | 65/66B | €1,351 | €165 | -€1,186 | -87.8% |
| Recurring financial charges | 65 | €1,351 | €165 | -€1,186 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €55,950 | -€3,024 | -€58,975 | |
| Income taxes | 67/77 | €15,388 | -€3,838 | -€19,225 | |
| Profit (loss) for the period | 9904 | €40,563 | €813 | -€39,749 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,563 | €813 | -€39,749 | -98.0% |
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 19 October 2026 via checked.be.