We’zel: 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’zel
Largest movements
- Tangible fixed assets -€6,032
down €6,032 (-48.4%), from €12,455 to €6,423
of which Furniture and vehicles: -€5,511
- Cash -€5,705
down €5,705 (-61.4%), from €9,287 to €3,582
mainly Net result for the year (-€17,843) and Current portion of long-term debt (-€8,358)
- Receivables within one year -€3,892
down €3,892 (-38.2%), from €10,192 to €6,300
of which Trade receivables: -€3,894
- Deferred charges and accrued income +€1,563
up €1,563 (+47.8%), from €3,269 to €4,832
- Profit (loss) carried forward -€17,843
down €17,843, from €5,361 to -€12,482
- Current portion of long-term debt -€8,358
no longer reported in 2025 (was €8,358)
- Tax, wage and social debts +€5,909
up €5,909 (+66.1%), from €8,943 to €14,853
of which Remuneration and social security: +€6,182
- Other debts +€4,516
up €4,516 (+122%), from €3,689 to €8,204
- Trade debts +€1,709
up €1,709 (+201%), from €851 to €2,561
- Gross operating margin +€49,568
up €49,568 (+355%), from €13,967 to €63,535
- Staff costs +€34,142
up €34,142 (+89.6%), from €38,119 to €72,261
- Depreciation +€4,106
up €4,106 (+213%), from €1,926 to €6,032
- Taxes +€3,259
up €3,259, from -€3,105 to €154
- Other operating charges +€1,514
up €1,514 (+169%), from €899 to €2,413
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 | €35,202 | €21,136 | -€14,066 | -40.0% |
| Fixed assets | 21/28 | €12,455 | €6,423 | -€6,032 | -48.4% |
| Tangible fixed assets | 22/27 | €12,455 | €6,423 | -€6,032 | -48.4% |
| Plant, machinery and equipment | 23 | €2,041 | €1,520 | -€521 | -25.5% |
| Furniture and vehicles | 24 | €10,414 | €4,903 | -€5,511 | -52.9% |
| Current assets | 29/58 | €22,748 | €14,714 | -€8,034 | -35.3% |
| Amounts receivable within one year | 40/41 | €10,192 | €6,300 | -€3,892 | -38.2% |
| Trade receivables | 40 | €10,192 | €6,298 | -€3,894 | -38.2% |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €9,287 | €3,582 | -€5,705 | -61.4% |
| Deferred charges and accrued income | 490/1 | €3,269 | €4,832 | +€1,563 | +47.8% |
| Total equity and liabilities | 10/49 | €35,202 | €21,136 | -€14,066 | -40.0% |
| Equity | 10/15 | €13,361 | -€4,482 | -€17,843 | |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,361 | -€12,482 | -€17,843 | |
| Amounts payable | 17/49 | €21,842 | €25,618 | +€3,776 | +17.3% |
| Amounts payable within one year | 42/48 | €21,842 | €25,618 | +€3,776 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €8,358 | - | -€8,358 | |
| Trade debts | 44 | €851 | €2,561 | +€1,709 | +201% |
| Suppliers | 440/4 | €851 | €2,561 | +€1,709 | +201% |
| Taxes, remuneration and social security | 45 | €8,943 | €14,853 | +€5,909 | +66.1% |
| Taxes | 450/3 | €2,931 | €2,659 | -€272 | -9.3% |
| Remuneration and social security | 454/9 | €6,012 | €12,194 | +€6,182 | +103% |
| Other amounts payable | 47/48 | €3,689 | €8,204 | +€4,516 | +122% |
| Non-recurring operating income | 76A | €1,662 | €1,334 | -€327 | -19.7% |
| Remuneration, social security and pensions | 62 | €38,119 | €72,261 | +€34,142 | +89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,926 | €6,032 | +€4,106 | +213% |
| Other operating charges | 640/8 | €899 | €2,413 | +€1,514 | +169% |
| Gross operating margin | 9900 | €13,967 | €63,535 | +€49,568 | +355% |
| Operating profit (loss) | 9901 | -€26,977 | -€17,171 | +€9,806 | +36.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €306 | €517 | +€211 | +68.8% |
| Recurring financial charges | 65 | €306 | €517 | +€211 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,284 | -€17,689 | +€9,595 | +35.2% |
| Income taxes | 67/77 | -€3,105 | €154 | +€3,259 | |
| Profit (loss) for the period | 9904 | -€24,179 | -€17,843 | +€6,336 | +26.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,179 | -€17,843 | +€6,336 | +26.2% |
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 18 October 2026 via checked.be.