WeCo: 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.
WeCo
Largest movements
- Tangible fixed assets +€48,059
up €48,059 (+785%), from €6,126 to €54,185
of which Plant, machinery and equipment: +€50,559
- Cash -€15,934
down €15,934 (-81.7%), from €19,498 to €3,564
mainly Investment in fixed assets (net) (-€63,293) and Net result for the year (-€34,016)
- Receivables within one year -€7,381
down €7,381 (-18.7%), from €39,366 to €31,985
of which Trade receivables: -€7,381
- Stocks and contracts -€5,880
down €5,880 (-49.8%), from €11,800 to €5,920
- Deferred charges and accrued income +€1,501
up €1,501 (+50.1%), from €2,996 to €4,496
- Other debts +€49,961
up €49,961 (+323%), from €15,484 to €65,446
- Profit (loss) carried forward -€34,016
new in 2025: -€34,016
- Tax, wage and social debts +€5,197
up €5,197 (+226%), from €2,295 to €7,492
of which Remuneration and social security: +€3,820
- Gross operating margin -€123,246
down €123,246, from €106,349 to -€16,897
- Taxes -€14,421
down €14,421 (-98.8%), from €14,598 to €176
- Other operating charges -€11,430
down €11,430 (-89.9%), from €12,713 to €1,284
- Depreciation +€10,724
up €10,724 (+238%), from €4,509 to €15,234
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 | €79,815 | €100,180 | +€20,365 | +25.5% |
| Fixed assets | 21/28 | €6,156 | €54,215 | +€48,059 | +781% |
| Tangible fixed assets | 22/27 | €6,126 | €54,185 | +€48,059 | +785% |
| Plant, machinery and equipment | 23 | €1,126 | €51,685 | +€50,559 | +4,492% |
| Furniture and vehicles | 24 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €73,660 | €45,965 | -€27,695 | -37.6% |
| Stocks and contracts in progress | 3 | €11,800 | €5,920 | -€5,880 | -49.8% |
| Stocks | 30/36 | €11,800 | €5,920 | -€5,880 | -49.8% |
| Amounts receivable within one year | 40/41 | €39,366 | €31,985 | -€7,381 | -18.7% |
| Trade receivables | 40 | €39,196 | €31,815 | -€7,381 | -18.8% |
| Other amounts receivable | 41 | €170 | €170 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,498 | €3,564 | -€15,934 | -81.7% |
| Deferred charges and accrued income | 490/1 | €2,996 | €4,496 | +€1,501 | +50.1% |
| Total equity and liabilities | 10/49 | €79,815 | €100,180 | +€20,365 | +25.5% |
| Equity | 10/15 | €56,170 | €22,154 | -€34,016 | -60.6% |
| Contributions | 10/11 | €19,153 | €19,153 | = | 0.0% |
| Reserves | 13 | €37,017 | €37,017 | = | 0.0% |
| Distributable reserves | 133 | €37,017 | €37,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€34,016 | -€34,016 | |
| Amounts payable | 17/49 | €23,645 | €78,026 | +€54,381 | +230% |
| Amounts payable within one year | 42/48 | €23,645 | €78,026 | +€54,381 | +230% |
| Trade debts | 44 | €5,866 | €5,089 | -€778 | -13.3% |
| Suppliers | 440/4 | €5,866 | €5,089 | -€778 | -13.3% |
| Taxes, remuneration and social security | 45 | €2,295 | €7,492 | +€5,197 | +226% |
| Taxes | 450/3 | €2,295 | €3,672 | +€1,377 | +60.0% |
| Remuneration and social security | 454/9 | - | €3,820 | +€3,820 | |
| Other amounts payable | 47/48 | €15,484 | €65,446 | +€49,961 | +323% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,509 | €15,234 | +€10,724 | +238% |
| Other operating charges | 640/8 | €12,713 | €1,284 | -€11,430 | -89.9% |
| Gross operating margin | 9900 | €106,349 | -€16,897 | -€123,246 | |
| Operating profit (loss) | 9901 | €89,126 | -€33,414 | -€122,540 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €463 | €435 | -€27 | -5.9% |
| Recurring financial charges | 65 | €463 | €435 | -€27 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €88,663 | -€33,840 | -€122,503 | |
| Income taxes | 67/77 | €14,598 | €176 | -€14,421 | -98.8% |
| Profit (loss) for the period | 9904 | €74,066 | -€34,016 | -€108,082 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,066 | -€34,016 | -€108,082 |
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 15 October 2026 via checked.be.