WECOVER: 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.
WECOVER
Largest movements
- Receivables within one year +€381,188
up €381,188 (+39.1%), from €975,353 to €1.4m
of which Trade receivables: +€390,080
- Cash +€115,817
up €115,817 (+42.3%), from €273,476 to €389,293
mainly Net result for the year (+€657,982) and Other debts (+€165,727)
- Deferred charges and accrued income +€37,329
up €37,329 (+1238.4%), from €3,014 to €40,344
- Tangible fixed assets +€35,269
up €35,269 (+23.8%), from €147,893 to €183,163
of which Furniture and vehicles: +€22,952
- Profit (loss) carried forward +€357,982
up €357,982 (+71.7%), from €499,218 to €857,200
- Other debts +€165,727
up €165,727 (+59.8%), from €277,191 to €442,918
- Tax, wage and social debts +€128,176
up €128,176 (+133.8%), from €95,820 to €223,997
of which Taxes: +€125,174
- Trade debts -€83,519
down €83,519 (-25.5%), from €328,121 to €244,602
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Gross operating margin +€509,221
up €509,221 (+64.1%), from €793,846 to €1.3m
- Taxes +€119,429
up €119,429 (+106.6%), from €112,000 to €231,429
- Staff costs +€23,785
up €23,785 (+7.7%), from €310,159 to €333,943
- Other operating charges +€23,701
up €23,701 (+226.0%), from €10,487 to €34,187
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 | €1,410,221 | €1,981,057 | +€570,836 | +40.5% |
| Fixed assets | 21/28 | €148,037 | €183,306 | +€35,269 | +23.8% |
| Tangible fixed assets | 22/27 | €147,893 | €183,163 | +€35,269 | +23.8% |
| Land and buildings | 22 | €126,412 | €120,328 | -€6,084 | -4.8% |
| Plant, machinery and equipment | 23 | €7,200 | €25,602 | +€18,402 | +255.6% |
| Furniture and vehicles | 24 | €14,281 | €37,233 | +€22,952 | +160.7% |
| Financial fixed assets | 28 | €143 | €143 | = | 0.0% |
| Current assets | 29/58 | €1,262,184 | €1,797,751 | +€535,567 | +42.4% |
| Stocks and contracts in progress | 3 | €10,341 | €11,573 | +€1,232 | +11.9% |
| Stocks | 30/36 | €10,341 | €11,573 | +€1,232 | +11.9% |
| Amounts receivable within one year | 40/41 | €975,353 | €1,356,541 | +€381,188 | +39.1% |
| Trade receivables | 40 | €883,350 | €1,273,430 | +€390,080 | +44.2% |
| Other amounts receivable | 41 | €92,003 | €83,111 | -€8,892 | -9.7% |
| Cash at bank and in hand | 54/58 | €273,476 | €389,293 | +€115,817 | +42.3% |
| Deferred charges and accrued income | 490/1 | €3,014 | €40,344 | +€37,329 | +1238.4% |
| Total equity and liabilities | 10/49 | €1,410,221 | €1,981,057 | +€570,836 | +40.5% |
| Equity | 10/15 | €519,678 | €877,660 | +€357,982 | +68.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €499,218 | €857,200 | +€357,982 | +71.7% |
| Amounts payable | 17/49 | €890,542 | €1,103,397 | +€212,854 | +23.9% |
| Amounts payable after more than one year | 17 | €102,035 | €89,289 | -€12,746 | -12.5% |
| Financial debts | 170/4 | €102,035 | €89,289 | -€12,746 | -12.5% |
| Amounts payable within one year | 42/48 | €788,508 | €974,108 | +€185,600 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €37,375 | €62,591 | +€25,216 | +67.5% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €328,121 | €244,602 | -€83,519 | -25.5% |
| Suppliers | 440/4 | €328,121 | €244,602 | -€83,519 | -25.5% |
| Taxes, remuneration and social security | 45 | €95,820 | €223,997 | +€128,176 | +133.8% |
| Taxes | 450/3 | €84,820 | €209,994 | +€125,174 | +147.6% |
| Remuneration and social security | 454/9 | €11,000 | €14,003 | +€3,002 | +27.3% |
| Other amounts payable | 47/48 | €277,191 | €442,918 | +€165,727 | +59.8% |
| Accrued charges and deferred income | 492/3 | - | €40,000 | +€40,000 | |
| Remuneration, social security and pensions | 62 | €310,159 | €333,943 | +€23,785 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,811 | €27,209 | +€8,398 | +44.6% |
| Other operating charges | 640/8 | €10,487 | €34,187 | +€23,701 | +226.0% |
| Non-recurring operating charges | 66A | €9,235 | - | -€9,235 | |
| Gross operating margin | 9900 | €793,846 | €1,303,067 | +€509,221 | +64.1% |
| Operating profit (loss) | 9901 | €445,155 | €907,727 | +€462,572 | +103.9% |
| Financial income | 75/76B | €7,925 | €3,694 | -€4,230 | -53.4% |
| Recurring financial income | 75 | €7,925 | €3,694 | -€4,230 | -53.4% |
| Financial charges | 65/66B | €19,480 | €22,010 | +€2,530 | +13.0% |
| Recurring financial charges | 65 | €19,480 | €22,010 | +€2,530 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €433,599 | €889,411 | +€455,812 | +105.1% |
| Income taxes | 67/77 | €112,000 | €231,429 | +€119,429 | +106.6% |
| Profit (loss) for the period | 9904 | €321,599 | €657,982 | +€336,382 | +104.6% |
| Profit (loss) for the period to be appropriated | 9905 | €321,599 | €657,982 | +€336,382 | +104.6% |
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 10 October 2026 via checked.be.