WEDA: 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.
WEDA
Largest movements
- Stocks and contracts +€50,700
new in 2025: €50,700
- Tangible fixed assets -€26,608
down €26,608 (-18.4%), from €144,640 to €118,032
of which Furniture and vehicles: -€24,848
- Receivables within one year +€8,025
up €8,025 (+10.0%), from €80,216 to €88,241
of which Trade receivables: +€8,414
- Other debts +€59,755
up €59,755 (+232%), from €25,703 to €85,458
- Debts after one year -€33,352
down €33,352 (-48.0%), from €69,498 to €36,146
- Trade debts +€3,379
up €3,379 (+16.3%), from €20,722 to €24,102
- Gross operating margin -€33,442
down €33,442 (-39.6%), from €84,482 to €51,040
- Depreciation -€6,398
down €6,398 (-13.2%), from €48,493 to €42,094
- Staff costs -€6,178
down €6,178 (-95.8%), from €6,450 to €272
- Taxes -€5,061
down €5,061 (-79.3%), from €6,379 to €1,318
- Financial charges -€1,181
down €1,181 (-19.8%), from €5,957 to €4,776
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,856 | €256,973 | +€32,117 | +14.3% |
| Fixed assets | 21/28 | €144,640 | €118,032 | -€26,608 | -18.4% |
| Tangible fixed assets | 22/27 | €144,640 | €118,032 | -€26,608 | -18.4% |
| Land and buildings | 22 | €2,001 | €1,739 | -€262 | -13.1% |
| Plant, machinery and equipment | 23 | €63,457 | €71,177 | +€7,720 | +12.2% |
| Furniture and vehicles | 24 | €68,272 | €43,424 | -€24,848 | -36.4% |
| Leasing and similar rights | 25 | €10,909 | €1,692 | -€9,218 | -84.5% |
| Current assets | 29/58 | €80,216 | €138,941 | +€58,725 | +73.2% |
| Stocks and contracts in progress | 3 | - | €50,700 | +€50,700 | |
| Stocks | 30/36 | - | €50,700 | +€50,700 | |
| Amounts receivable within one year | 40/41 | €80,216 | €88,241 | +€8,025 | +10.0% |
| Trade receivables | 40 | €51,551 | €59,965 | +€8,414 | +16.3% |
| Other amounts receivable | 41 | €28,665 | €28,276 | -€389 | -1.4% |
| Total equity and liabilities | 10/49 | €224,856 | €256,973 | +€32,117 | +14.3% |
| Equity | 10/15 | €64,425 | €65,735 | +€1,310 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,225 | €59,535 | +€1,310 | +2.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,365 | €57,675 | +€1,310 | +2.3% |
| Amounts payable | 17/49 | €160,431 | €191,238 | +€30,807 | +19.2% |
| Amounts payable after more than one year | 17 | €69,498 | €36,146 | -€33,352 | -48.0% |
| Financial debts | 170/4 | €69,498 | €36,146 | -€33,352 | -48.0% |
| Amounts payable within one year | 42/48 | €90,934 | €155,092 | +€64,159 | +70.6% |
| Current portion of amounts payable after more than one year | 42 | €28,535 | €30,310 | +€1,775 | +6.2% |
| Financial debts | 43 | €6,716 | €4,425 | -€2,292 | -34.1% |
| Credit institutions | 430/8 | €6,716 | €4,425 | -€2,292 | -34.1% |
| Trade debts | 44 | €20,722 | €24,102 | +€3,379 | +16.3% |
| Suppliers | 440/4 | €20,722 | €24,102 | +€3,379 | +16.3% |
| Taxes, remuneration and social security | 45 | €9,257 | €10,798 | +€1,541 | +16.7% |
| Taxes | 450/3 | €7,779 | €9,098 | +€1,318 | +16.9% |
| Remuneration and social security | 454/9 | €1,477 | €1,700 | +€223 | +15.1% |
| Other amounts payable | 47/48 | €25,703 | €85,458 | +€59,755 | +232% |
| Non-recurring operating income | 76A | €14,785 | €8,034 | -€6,751 | -45.7% |
| Remuneration, social security and pensions | 62 | €6,450 | €272 | -€6,178 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,493 | €42,094 | -€6,398 | -13.2% |
| Other operating charges | 640/8 | €1,639 | €1,348 | -€291 | -17.8% |
| Gross operating margin | 9900 | €84,482 | €51,040 | -€33,442 | -39.6% |
| Operating profit (loss) | 9901 | €27,900 | €7,326 | -€20,574 | -73.7% |
| Financial income | 75/76B | €80 | €78 | -€2 | -3.1% |
| Recurring financial income | 75 | €80 | €78 | -€2 | -3.1% |
| Financial charges | 65/66B | €5,957 | €4,776 | -€1,181 | -19.8% |
| Recurring financial charges | 65 | €5,957 | €4,776 | -€1,181 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €22,024 | €2,628 | -€19,396 | -88.1% |
| Income taxes | 67/77 | €6,379 | €1,318 | -€5,061 | -79.3% |
| Profit (loss) for the period | 9904 | €15,644 | €1,310 | -€14,335 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,644 | €1,310 | -€14,335 | -91.6% |
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 30 October 2026 via checked.be.