WECODE: 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.
WECODE
Largest movements
- Cash +€30,280
up €30,280 (+37.4%), from €81,069 to €111,350
mainly Net result for the year (+€33,192) and Depreciation (+€3,206)
- Tangible fixed assets -€2,146
down €2,146 (-28.9%), from €7,416 to €5,270
- Profit (loss) carried forward +€33,192
up €33,192 (+45.5%), from €72,915 to €106,108
- Tax, wage and social debts -€3,476
down €3,476 (-22.3%), from €15,567 to €12,090
- Gross operating margin -€3,315
down €3,315 (-6.3%), from €53,021 to €49,705
- Taxes -€549
down €549 (-5.0%), from €10,950 to €10,401
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 | €91,577 | €120,824 | +€29,247 | +31.9% |
| Fixed assets | 21/28 | €7,416 | €5,270 | -€2,146 | -28.9% |
| Tangible fixed assets | 22/27 | €7,416 | €5,270 | -€2,146 | -28.9% |
| Furniture and vehicles | 24 | €7,416 | €5,270 | -€2,146 | -28.9% |
| Current assets | 29/58 | €84,161 | €115,554 | +€31,393 | +37.3% |
| Amounts receivable within one year | 40/41 | €146 | €108 | -€38 | -26.2% |
| Other amounts receivable | 41 | €146 | €108 | -€38 | -26.2% |
| Cash at bank and in hand | 54/58 | €81,069 | €111,350 | +€30,280 | +37.4% |
| Deferred charges and accrued income | 490/1 | €2,945 | €4,096 | +€1,151 | +39.1% |
| Total equity and liabilities | 10/49 | €91,577 | €120,824 | +€29,247 | +31.9% |
| Equity | 10/15 | €74,915 | €108,108 | +€33,192 | +44.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,915 | €106,108 | +€33,192 | +45.5% |
| Amounts payable | 17/49 | €16,662 | €12,717 | -€3,945 | -23.7% |
| Amounts payable within one year | 42/48 | €16,612 | €12,717 | -€3,896 | -23.5% |
| Trade debts | 44 | €1,046 | €626 | -€420 | -40.1% |
| Suppliers | 440/4 | €1,046 | €626 | -€420 | -40.1% |
| Taxes, remuneration and social security | 45 | €15,567 | €12,090 | -€3,476 | -22.3% |
| Taxes | 450/3 | €15,567 | €12,090 | -€3,476 | -22.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €49 | €0 | -€49 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,990 | €3,206 | +€217 | +7.2% |
| Other operating charges | 640/8 | €590 | €315 | -€275 | -46.6% |
| Gross operating margin | 9900 | €53,021 | €49,705 | -€3,315 | -6.3% |
| Operating profit (loss) | 9901 | €49,441 | €46,184 | -€3,257 | -6.6% |
| Financial income | 75/76B | €13 | €0 | -€13 | -100.0% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100.0% |
| Financial charges | 65/66B | €2,881 | €2,591 | -€290 | -10.1% |
| Recurring financial charges | 65 | €2,881 | €2,591 | -€290 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €46,573 | €43,594 | -€2,979 | -6.4% |
| Income taxes | 67/77 | €10,950 | €10,401 | -€549 | -5.0% |
| Profit (loss) for the period | 9904 | €35,623 | €33,192 | -€2,430 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,623 | €33,192 | -€2,430 | -6.8% |
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 8 October 2026 via checked.be.