WEBO: 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.
WEBO
Largest movements
- Tangible fixed assets -€114,151
down €114,151 (-10.3%), from €1.1m to €994,629
of which Land and buildings: -€74,012
- Cash +€104,400
up €104,400 (+62.8%), from €166,315 to €270,714
mainly Depreciation (+€111,968) and Trade debts (+€54,035)
- Receivables within one year -€26,032
down €26,032 (-23.7%), from €109,645 to €83,614
of which Other amounts receivable: -€14,443
- Debts after one year -€109,969
down €109,969 (-11.6%), from €947,285 to €837,316
- Trade debts +€54,035
up €54,035 (+130%), from €41,462 to €95,497
- Reserves +€38,319
up €38,319 (+9.3%), from €410,328 to €448,646
- Current portion of long-term debt -€17,392
down €17,392 (-13.7%), from €127,361 to €109,969
- Gross operating margin +€76,674
up €76,674 (+16.9%), from €453,094 to €529,768
- Staff costs +€43,978
up €43,978 (+15.1%), from €290,311 to €334,289
- Taxes +€10,322
up €10,322 (+198%), from €5,204 to €15,526
- Depreciation -€7,027
down €7,027 (-5.9%), from €118,995 to €111,968
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 | €1,577,115 | €1,542,668 | -€34,447 | -2.2% |
| Fixed assets | 21/28 | €1,108,829 | €994,679 | -€114,151 | -10.3% |
| Tangible fixed assets | 22/27 | €1,108,779 | €994,629 | -€114,151 | -10.3% |
| Land and buildings | 22 | €966,784 | €892,772 | -€74,012 | -7.7% |
| Plant, machinery and equipment | 23 | €13,871 | €9,788 | -€4,083 | -29.4% |
| Furniture and vehicles | 24 | €119,182 | €92,069 | -€27,113 | -22.7% |
| Leasing and similar rights | 25 | €8,942 | - | -€8,942 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €468,286 | €547,990 | +€79,704 | +17.0% |
| Stocks and contracts in progress | 3 | €172,449 | €181,992 | +€9,543 | +5.5% |
| Stocks | 30/36 | €141,449 | €149,160 | +€7,710 | +5.5% |
| Contracts in progress | 37 | €31,000 | €32,832 | +€1,832 | +5.9% |
| Amounts receivable within one year | 40/41 | €109,645 | €83,614 | -€26,032 | -23.7% |
| Trade receivables | 40 | €67,195 | €55,606 | -€11,589 | -17.2% |
| Other amounts receivable | 41 | €42,450 | €28,008 | -€14,443 | -34.0% |
| Cash at bank and in hand | 54/58 | €166,315 | €270,714 | +€104,400 | +62.8% |
| Deferred charges and accrued income | 490/1 | €19,876 | €11,669 | -€8,207 | -41.3% |
| Total equity and liabilities | 10/49 | €1,577,115 | €1,542,668 | -€34,447 | -2.2% |
| Equity | 10/15 | €428,920 | €467,238 | +€38,319 | +8.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €410,328 | €448,646 | +€38,319 | +9.3% |
| Distributable reserves | 133 | €410,328 | €448,646 | +€38,319 | +9.3% |
| Amounts payable | 17/49 | €1,148,196 | €1,075,430 | -€72,766 | -6.3% |
| Amounts payable after more than one year | 17 | €947,285 | €837,316 | -€109,969 | -11.6% |
| Financial debts | 170/4 | €947,285 | €837,316 | -€109,969 | -11.6% |
| Amounts payable within one year | 42/48 | €200,910 | €238,113 | +€37,203 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €127,361 | €109,969 | -€17,392 | -13.7% |
| Trade debts | 44 | €41,462 | €95,497 | +€54,035 | +130% |
| Suppliers | 440/4 | €41,462 | €95,497 | +€54,035 | +130% |
| Taxes, remuneration and social security | 45 | €26,894 | €27,454 | +€560 | +2.1% |
| Taxes | 450/3 | €4,843 | €5,308 | +€465 | +9.6% |
| Remuneration and social security | 454/9 | €22,052 | €22,147 | +€95 | +0.4% |
| Other amounts payable | 47/48 | €5,193 | €5,193 | = | 0.0% |
| Non-recurring operating income | 76A | €14,613 | €50,461 | +€35,848 | +245% |
| Remuneration, social security and pensions | 62 | €290,311 | €334,289 | +€43,978 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,995 | €111,968 | -€7,027 | -5.9% |
| Other operating charges | 640/8 | €19,958 | €20,489 | +€530 | +2.7% |
| Non-recurring operating charges | 66A | €423 | €1,261 | +€838 | +198% |
| Gross operating margin | 9900 | €453,094 | €529,768 | +€76,674 | +16.9% |
| Operating profit (loss) | 9901 | €23,406 | €61,761 | +€38,354 | +164% |
| Financial income | 75/76B | €8,875 | €9,835 | +€961 | +10.8% |
| Recurring financial income | 75 | €8,875 | €9,835 | +€961 | +10.8% |
| Financial charges | 65/66B | €20,458 | €17,751 | -€2,706 | -13.2% |
| Recurring financial charges | 65 | €20,458 | €17,751 | -€2,706 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €11,824 | €53,845 | +€42,021 | +355% |
| Income taxes | 67/77 | €5,204 | €15,526 | +€10,322 | +198% |
| Profit (loss) for the period | 9904 | €6,620 | €38,319 | +€31,699 | +479% |
| Profit (loss) for the period to be appropriated | 9905 | €6,620 | €38,319 | +€31,699 | +479% |
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 13 October 2026 via checked.be.