WECAPO: what changed
Two fiscal 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.
WECAPO
Largest movements
- Cash +€28,949
up €28,949 (+65.0%), from €44,526 to €73,475
mainly Depreciation (+€24,404) and Debts after one year (+€14,123)
- Tangible fixed assets -€20,017
down €20,017 (-2.8%), from €705,102 to €685,085
of which Land and buildings: -€22,392
- Debts after one year +€14,123
up €14,123 (+0.8%), from €1.7m to €1.7m
- Profit (loss) carried forward -€12,411
down €12,411 (-1.4%), from -€899,735 to -€912,147
- Gross operating margin -€11,693
down €11,693 (-28.9%), from €40,407 to €28,715
- Other operating charges +€1,682
up €1,682 (+31.7%), from €5,309 to €6,990
- Depreciation -€567
down €567 (-2.3%), from €24,970 to €24,404
- Financial charges +€527
up €527 (+3.8%), from €13,881 to €14,408
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.
Cash bridge derived
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 | €930,167 | €932,312 | +€2,145 | +0.2% |
| Fixed assets | 21/28 | €705,160 | €685,143 | -€20,017 | -2.8% |
| Tangible fixed assets | 22/27 | €705,102 | €685,085 | -€20,017 | -2.8% |
| Land and buildings | 22 | €703,232 | €680,840 | -€22,392 | -3.2% |
| Plant, machinery and equipment | 23 | €1,870 | €4,245 | +€2,375 | +127.0% |
| Financial fixed assets | 28 | €58 | €58 | = | 0.0% |
| Current assets | 29/58 | €225,007 | €247,169 | +€22,162 | +9.8% |
| Stocks and contracts in progress | 3 | €300 | €300 | = | 0.0% |
| Stocks | 30/36 | €300 | €300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €180,039 | €173,246 | -€6,793 | -3.8% |
| Trade receivables | 40 | €24,174 | €12,705 | -€11,469 | -47.4% |
| Other amounts receivable | 41 | €155,865 | €160,541 | +€4,676 | +3.0% |
| Cash at bank and in hand | 54/58 | €44,526 | €73,475 | +€28,949 | +65.0% |
| Deferred charges and accrued income | 490/1 | €143 | €149 | +€6 | +3.9% |
| Total equity and liabilities | 10/49 | €930,167 | €932,312 | +€2,145 | +0.2% |
| Equity | 10/15 | -€739,784 | -€752,195 | -€12,411 | -1.7% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €29,951 | €29,951 | = | 0.0% |
| Distributable reserves | 133 | €29,951 | €29,951 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€899,735 | -€912,147 | -€12,411 | -1.4% |
| Amounts payable | 17/49 | €1,669,952 | €1,684,507 | +€14,556 | +0.9% |
| Amounts payable after more than one year | 17 | €1,665,800 | €1,679,923 | +€14,123 | +0.8% |
| Financial debts | 170/4 | €1,665,800 | €1,679,923 | +€14,123 | +0.8% |
| Amounts payable within one year | 42/48 | €4,152 | €4,585 | +€433 | +10.4% |
| Trade debts | 44 | €740 | €702 | -€38 | -5.1% |
| Suppliers | 440/4 | €740 | €702 | -€38 | -5.1% |
| Taxes, remuneration and social security | 45 | €1,552 | €1,993 | +€441 | +28.4% |
| Taxes | 450/3 | €1,552 | €1,993 | +€441 | +28.4% |
| Other amounts payable | 47/48 | €1,860 | €1,890 | +€30 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,970 | €24,404 | -€567 | -2.3% |
| Other operating charges | 640/8 | €5,309 | €6,990 | +€1,682 | +31.7% |
| Gross operating margin | 9900 | €40,407 | €28,715 | -€11,693 | -28.9% |
| Operating profit (loss) | 9901 | €10,128 | -€2,679 | -€12,807 | |
| Financial income | 75/76B | €4,540 | €4,676 | +€136 | +3.0% |
| Recurring financial income | 75 | €4,540 | €4,676 | +€136 | +3.0% |
| Financial charges | 65/66B | €13,881 | €14,408 | +€527 | +3.8% |
| Recurring financial charges | 65 | €13,881 | €14,408 | +€527 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €787 | -€12,411 | -€13,198 | |
| Profit (loss) for the period | 9904 | €787 | -€12,411 | -€13,198 | |
| Profit (loss) for the period to be appropriated | 9905 | €787 | -€12,411 | -€13,198 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.