WEC@re: 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.
WEC@re
Largest movements
- Receivables within one year +€195,534
up €195,534 (+282%), from €69,404 to €264,938
of which Other amounts receivable: +€127,789
- Cash +€25,869
up €25,869 (+168%), from €15,426 to €41,295
mainly Net result for the year (+€149,488) and Trade debts (+€56,127)
- Intangible fixed assets -€7,800
down €7,800 (-25.0%), from €31,200 to €23,400
- Tangible fixed assets +€7,317
up €7,317 (+1,832%), from €399 to €7,716
of which Furniture and vehicles: +€7,716
- Profit (loss) carried forward +€149,488
up €149,488, from -€37,260 to €112,229
- Trade debts +€56,127
up €56,127 (+105%), from €53,667 to €109,794
of which Bills of exchange payable: +€102,879
- Tax, wage and social debts +€23,169
up €23,169 (+83.1%), from €27,890 to €51,059
of which Taxes: +€28,548
- Current portion of long-term debt -€9,387
no longer reported in 2025 (was €9,387)
- Turnover +€213,856
up €213,856 (+36.8%), from €580,752 to €794,609
- Gross operating margin +€147,682
up €147,682 (+53.9%), from €274,125 to €421,807
- Purchases and services +€66,174
up €66,174 (+21.6%), from €306,627 to €372,801
- Staff costs -€22,241
down €22,241 (-8.8%), from €252,460 to €230,218
- Taxes +€16,803
new in 2025: €16,803
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 | €123,441 | €342,839 | +€219,397 | +178% |
| Fixed assets | 21/28 | €37,089 | €36,606 | -€483 | -1.3% |
| Intangible fixed assets | 21 | €31,200 | €23,400 | -€7,800 | -25.0% |
| Tangible fixed assets | 22/27 | €399 | €7,716 | +€7,317 | +1,832% |
| Plant, machinery and equipment | 23 | €399 | - | -€399 | |
| Furniture and vehicles | 24 | - | €7,716 | +€7,716 | |
| Financial fixed assets | 28 | €5,490 | €5,490 | = | 0.0% |
| Current assets | 29/58 | €86,352 | €306,232 | +€219,880 | +255% |
| Amounts receivable within one year | 40/41 | €69,404 | €264,938 | +€195,534 | +282% |
| Trade receivables | 40 | €69,404 | €137,149 | +€67,745 | +97.6% |
| Other amounts receivable | 41 | - | €127,789 | +€127,789 | |
| Cash at bank and in hand | 54/58 | €15,426 | €41,295 | +€25,869 | +168% |
| Deferred charges and accrued income | 490/1 | €1,523 | - | -€1,523 | |
| Total equity and liabilities | 10/49 | €123,441 | €342,839 | +€219,397 | +178% |
| Equity | 10/15 | -€29,200 | €120,289 | +€149,488 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€37,260 | €112,229 | +€149,488 | |
| Amounts payable | 17/49 | €152,641 | €222,550 | +€69,909 | +45.8% |
| Amounts payable within one year | 42/48 | €152,641 | €222,550 | +€69,909 | +45.8% |
| Current portion of amounts payable after more than one year | 42 | €9,387 | - | -€9,387 | |
| Trade debts | 44 | €53,667 | €109,794 | +€56,127 | +105% |
| Suppliers | 440/4 | €47,372 | €621 | -€46,752 | -98.7% |
| Bills of exchange payable | 441 | €6,295 | €109,174 | +€102,879 | +1,634% |
| Taxes, remuneration and social security | 45 | €27,890 | €51,059 | +€23,169 | +83.1% |
| Taxes | 450/3 | €11,466 | €40,013 | +€28,548 | +249% |
| Remuneration and social security | 454/9 | €16,425 | €11,046 | -€5,379 | -32.7% |
| Other amounts payable | 47/48 | €61,697 | €61,697 | = | 0.0% |
| Turnover | 70 | €580,752 | €794,609 | +€213,856 | +36.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €306,627 | €372,801 | +€66,174 | +21.6% |
| Remuneration, social security and pensions | 62 | €252,460 | €230,218 | -€22,241 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,199 | €10,022 | +€1,823 | +22.2% |
| Other operating charges | 640/8 | €3,287 | €14,904 | +€11,616 | +353% |
| Gross operating margin | 9900 | €274,125 | €421,807 | +€147,682 | +53.9% |
| Operating profit (loss) | 9901 | €10,179 | €166,663 | +€156,484 | +1,537% |
| Financial income | 75/76B | €109 | €1 | -€107 | -98.7% |
| Recurring financial income | 75 | €109 | €1 | -€107 | -98.7% |
| Financial charges | 65/66B | €3,971 | €373 | -€3,598 | -90.6% |
| Recurring financial charges | 65 | €3,971 | €373 | -€3,598 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €6,317 | €166,291 | +€159,975 | +2,533% |
| Income taxes | 67/77 | - | €16,803 | +€16,803 | |
| Profit (loss) for the period | 9904 | €6,317 | €149,488 | +€143,172 | +2,267% |
| Profit (loss) for the period to be appropriated | 9905 | €6,317 | €149,488 | +€143,172 | +2,267% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.