Wecosan: what changed
What changed
Wecosan
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€146,010
2025 · €88,495+€57,515
Equity
€439,966
2025 · €293,956+€146,010
Cash
€257,295
2025 · €266,279-€8,985
Balance sheet total
€645,353
2025 · €664,127-€18,775
Largest movements
Assets
- Receivables within one year -€18,607
down €18,607 (-12.8%), from €145,709 to €127,103
of which Trade receivables: -€11,202
- Cash -€8,985
down €8,985 (-3.4%), from €266,279 to €257,295
mainly Other debts (-€100,421) and Tax, wage and social debts (-€34,915)
Equity and liabilities
- Reserves +€110,000
up €110,000 (+122%), from €89,860 to €199,860
of which Distributable reserves: +€110,000
- Other debts -€100,421
down €100,421 (-97.4%), from €103,150 to €2,729
- Profit (loss) carried forward +€36,010
up €36,010 (+18.2%), from €197,896 to €233,906
- Tax, wage and social debts -€34,915
down €34,915 (-62.4%), from €55,980 to €21,065
of which Taxes: -€20,455
- Debts after one year -€17,410
down €17,410 (-18.0%), from €96,460 to €79,050
Income statement
- Staff costs -€71,086
down €71,086 (-17.2%), from €413,509 to €342,424
- Taxes +€19,545
up €19,545 (+50.6%), from €38,620 to €58,165
- Gross operating margin +€10,563
up €10,563 (+1.9%), from €554,146 to €564,709
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€88,495
Gross operating margin
+€10,563
Staff costs
+€71,086
Depreciation
-€1,527
Other operating charges
-€1,610
Financial income
-€1,431
Financial charges
-€21
Taxes
-€19,545
Result 2026
€146,010
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€37,283
Investment
-€29,158
Financing
-€17,109
Cash 2025
€266,279
From operations (derived)
+€37,283
Net result for the year
+€146,010
Depreciation
+€23,360
Receivables within one year
+€18,607
Deferred charges and accrued income
-€3,018
Trade debts
-€12,340
Tax, wage and social debts
-€34,915
Other debts
-€100,421
Investment (derived)
-€29,158
Investment in fixed assets (net)
-€29,158
Financing
-€17,109
Debts after one year
-€17,410
Current portion of long-term debt
+€301
Cash 2026
€257,295
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €664,127 | €645,353 | -€18,775 | -2.8% |
| Fixed assets | 21/28 | €252,139 | €257,938 | +€5,799 | +2.3% |
| Tangible fixed assets | 22/27 | €251,659 | €257,938 | +€6,279 | +2.5% |
| Land and buildings | 22 | €206,126 | €198,897 | -€7,229 | -3.5% |
| Plant, machinery and equipment | 23 | €3,570 | €7,956 | +€4,385 | +123% |
| Furniture and vehicles | 24 | €41,963 | €51,085 | +€9,122 | +21.7% |
| Financial fixed assets | 28 | €480 | €0 | -€480 | -100% |
| Current assets | 29/58 | €411,989 | €387,415 | -€24,574 | -6.0% |
| Amounts receivable within one year | 40/41 | €145,709 | €127,103 | -€18,607 | -12.8% |
| Trade receivables | 40 | €107,816 | €96,614 | -€11,202 | -10.4% |
| Other amounts receivable | 41 | €37,894 | €30,489 | -€7,405 | -19.5% |
| Cash at bank and in hand | 54/58 | €266,279 | €257,295 | -€8,985 | -3.4% |
| Deferred charges and accrued income | 490/1 | - | €3,018 | +€3,018 | |
| Total equity and liabilities | 10/49 | €664,127 | €645,353 | -€18,775 | -2.8% |
| Equity | 10/15 | €293,956 | €439,966 | +€146,010 | +49.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €89,860 | €199,860 | +€110,000 | +122% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €88,000 | €198,000 | +€110,000 | +125% |
| Profit (loss) carried forward | 14 | €197,896 | €233,906 | +€36,010 | +18.2% |
| Amounts payable | 17/49 | €370,171 | €205,387 | -€164,784 | -44.5% |
| Amounts payable after more than one year | 17 | €96,460 | €79,050 | -€17,410 | -18.0% |
| Financial debts | 170/4 | €96,460 | €79,050 | -€17,410 | -18.0% |
| Amounts payable within one year | 42/48 | €273,711 | €126,337 | -€147,374 | -53.8% |
| Current portion of amounts payable after more than one year | 42 | €17,109 | €17,410 | +€301 | +1.8% |
| Trade debts | 44 | €97,472 | €85,132 | -€12,340 | -12.7% |
| Suppliers | 440/4 | €97,472 | €85,132 | -€12,340 | -12.7% |
| Taxes, remuneration and social security | 45 | €55,980 | €21,065 | -€34,915 | -62.4% |
| Taxes | 450/3 | €38,620 | €18,165 | -€20,455 | -53.0% |
| Remuneration and social security | 454/9 | €17,360 | €2,900 | -€14,460 | -83.3% |
| Other amounts payable | 47/48 | €103,150 | €2,729 | -€100,421 | -97.4% |
| Non-recurring operating income | 76A | €21,371 | €11,844 | -€9,527 | -44.6% |
| Remuneration, social security and pensions | 62 | €413,509 | €342,424 | -€71,086 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,833 | €23,360 | +€1,527 | +7.0% |
| Other operating charges | 640/8 | €2,665 | €4,276 | +€1,610 | +60.4% |
| Gross operating margin | 9900 | €554,146 | €564,709 | +€10,563 | +1.9% |
| Operating profit (loss) | 9901 | €116,139 | €194,650 | +€78,512 | +67.6% |
| Financial income | 75/76B | €13,256 | €11,825 | -€1,431 | -10.8% |
| Recurring financial income | 75 | €13,256 | €11,825 | -€1,431 | -10.8% |
| Financial charges | 65/66B | €2,279 | €2,300 | +€21 | +0.9% |
| Recurring financial charges | 65 | €2,279 | €2,300 | +€21 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €127,115 | €204,175 | +€77,060 | +60.6% |
| Income taxes | 67/77 | €38,620 | €58,165 | +€19,545 | +50.6% |
| Profit (loss) for the period | 9904 | €88,495 | €146,010 | +€57,515 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,495 | €146,010 | +€57,515 | +65.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.