WEAM: 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.
WEAM
Largest movements
- Receivables after one year -€203,990
no longer reported in 2025 (was €203,990)
- Cash +€28,880
up €28,880 (+9.7%), from €298,159 to €327,039
mainly Receivables after one year (+€203,990) and Net result for the year (+€118,180)
- Tangible fixed assets +€21,867
up €21,867 (+69.1%), from €31,649 to €53,516
of which Furniture and vehicles: +€23,450
- Reserves -€153,051
down €153,051 (-31.6%), from €484,920 to €331,869
of which Distributable reserves: -€153,051
- Other debts +€46,476
up €46,476 (+31.3%), from €148,680 to €195,156
- Profit (loss) carried forward -€28,768
no longer reported in 2025 (was €28,768)
- Tax, wage and social debts -€22,156
down €22,156 (-29.0%), from €76,494 to €54,338
- Gross operating margin -€113,774
down €113,774 (-42.7%), from €266,363 to €152,589
- Taxes -€32,839
down €32,839 (-43.0%), from €76,339 to €43,500
- Financial income +€13,993
up €13,993 (+89.5%), from €15,630 to €29,623
- Depreciation +€7,641
up €7,641 (+89.9%), from €8,503 to €16,144
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 | €1,191,398 | €1,032,696 | -€158,702 | -13.3% |
| Fixed assets | 21/28 | €31,649 | €53,516 | +€21,867 | +69.1% |
| Tangible fixed assets | 22/27 | €31,649 | €53,516 | +€21,867 | +69.1% |
| Plant, machinery and equipment | 23 | €4,728 | €3,145 | -€1,583 | -33.5% |
| Furniture and vehicles | 24 | €26,921 | €50,371 | +€23,450 | +87.1% |
| Current assets | 29/58 | €1,159,749 | €979,180 | -€180,569 | -15.6% |
| Amounts receivable after more than one year | 29 | €203,990 | - | -€203,990 | |
| Other amounts receivable | 291 | €203,990 | - | -€203,990 | |
| Amounts receivable within one year | 40/41 | €33,721 | €29,175 | -€4,546 | -13.5% |
| Trade receivables | 40 | €32,822 | €29,117 | -€3,705 | -11.3% |
| Other amounts receivable | 41 | €899 | €58 | -€841 | -93.5% |
| Current investments | 50/53 | €622,342 | €621,677 | -€665 | -0.1% |
| Cash at bank and in hand | 54/58 | €298,159 | €327,039 | +€28,880 | +9.7% |
| Deferred charges and accrued income | 490/1 | €1,537 | €1,289 | -€248 | -16.1% |
| Total equity and liabilities | 10/49 | €1,191,398 | €1,032,696 | -€158,702 | -13.3% |
| Equity | 10/15 | €963,688 | €781,869 | -€181,819 | -18.9% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €484,920 | €331,869 | -€153,051 | -31.6% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €439,920 | €286,869 | -€153,051 | -34.8% |
| Profit (loss) carried forward | 14 | €28,768 | - | -€28,768 | |
| Amounts payable | 17/49 | €227,710 | €250,827 | +€23,117 | +10.2% |
| Amounts payable within one year | 42/48 | €227,710 | €250,827 | +€23,117 | +10.2% |
| Trade debts | 44 | €2,536 | €1,333 | -€1,203 | -47.4% |
| Suppliers | 440/4 | €2,536 | €1,333 | -€1,203 | -47.4% |
| Taxes, remuneration and social security | 45 | €76,494 | €54,338 | -€22,156 | -29.0% |
| Taxes | 450/3 | €76,494 | €54,338 | -€22,156 | -29.0% |
| Other amounts payable | 47/48 | €148,680 | €195,156 | +€46,476 | +31.3% |
| Remuneration, social security and pensions | 62 | €983 | -€90 | -€1,073 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,503 | €16,144 | +€7,641 | +89.9% |
| Other operating charges | 640/8 | €1,885 | €1,708 | -€177 | -9.4% |
| Gross operating margin | 9900 | €266,363 | €152,589 | -€113,774 | -42.7% |
| Operating profit (loss) | 9901 | €254,992 | €134,827 | -€120,165 | -47.1% |
| Financial income | 75/76B | €15,630 | €29,623 | +€13,993 | +89.5% |
| Recurring financial income | 75 | €15,630 | €29,623 | +€13,993 | +89.5% |
| Financial charges | 65/66B | €4,408 | €2,770 | -€1,638 | -37.2% |
| Recurring financial charges | 65 | €4,408 | €2,770 | -€1,638 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €266,214 | €161,680 | -€104,534 | -39.3% |
| Income taxes | 67/77 | €76,339 | €43,500 | -€32,839 | -43.0% |
| Profit (loss) for the period | 9904 | €189,875 | €118,180 | -€71,695 | -37.8% |
| Transfer from tax-exempt reserves | 789 | €126,300 | - | -€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €316,175 | €118,180 | -€197,995 | -62.6% |
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 29 October 2026 via checked.be.