WEDAF: 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.
WEDAF
Largest movements
- Tangible fixed assets -€89,597
down €89,597 (-2.8%), from €3.2m to €3.1m
- Debts after one year -€179,972
down €179,972 (-8.7%), from €2.1m to €1.9m
of which Financial debts: -€179,972
- Other debts +€76,888
up €76,888 (+10.3%), from €746,911 to €823,798
- Other operating charges +€10,733
up €10,733 (+26.9%), from €39,957 to €50,689
- Gross operating margin +€8,896
up €8,896 (+4.9%), from €183,235 to €192,131
- Financial charges +€8,658
up €8,658 (+17.4%), from €49,762 to €58,420
- Taxes -€2,131
down €2,131 (-97.9%), from €2,177 to €46
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 | €3,208,891 | €3,117,035 | -€91,856 | -2.9% |
| Fixed assets | 21/28 | €3,199,082 | €3,109,485 | -€89,597 | -2.8% |
| Tangible fixed assets | 22/27 | €3,199,082 | €3,109,485 | -€89,597 | -2.8% |
| Land and buildings | 22 | €3,199,082 | €3,109,485 | -€89,597 | -2.8% |
| Current assets | 29/58 | €9,808 | €7,550 | -€2,259 | -23.0% |
| Amounts receivable within one year | 40/41 | €7,457 | €5,020 | -€2,437 | -32.7% |
| Trade receivables | 40 | €2,541 | - | -€2,541 | |
| Other amounts receivable | 41 | €4,917 | €5,020 | +€104 | +2.1% |
| Cash at bank and in hand | 54/58 | €2,351 | €2,529 | +€178 | +7.6% |
| Total equity and liabilities | 10/49 | €3,208,891 | €3,117,035 | -€91,856 | -2.9% |
| Equity | 10/15 | €126,141 | €119,445 | -€6,695 | -5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €118,081 | €111,385 | -€6,695 | -5.7% |
| Amounts payable | 17/49 | €3,082,750 | €2,997,590 | -€85,160 | -2.8% |
| Amounts payable after more than one year | 17 | €2,072,271 | €1,892,299 | -€179,972 | -8.7% |
| Financial debts | 170/4 | €2,060,421 | €1,880,449 | -€179,972 | -8.7% |
| Other amounts payable | 178/9 | €11,850 | €11,850 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,010,479 | €1,105,291 | +€94,812 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €189,452 | €202,218 | +€12,766 | +6.7% |
| Trade debts | 44 | €66,786 | €76,581 | +€9,794 | +14.7% |
| Suppliers | 440/4 | €66,786 | €76,581 | +€9,794 | +14.7% |
| Taxes, remuneration and social security | 45 | €7,331 | €2,694 | -€4,637 | -63.2% |
| Taxes | 450/3 | €7,331 | €2,694 | -€4,637 | -63.2% |
| Other amounts payable | 47/48 | €746,911 | €823,798 | +€76,888 | +10.3% |
| Non-recurring operating income | 76A | - | €91 | +€91 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,700 | €89,688 | -€12 | 0.0% |
| Other operating charges | 640/8 | €39,957 | €50,689 | +€10,733 | +26.9% |
| Gross operating margin | 9900 | €183,235 | €192,131 | +€8,896 | +4.9% |
| Operating profit (loss) | 9901 | €53,579 | €51,754 | -€1,825 | -3.4% |
| Financial income | 75/76B | €130 | €17 | -€113 | -87.0% |
| Recurring financial income | 75 | €130 | €17 | -€113 | -87.0% |
| Financial charges | 65/66B | €49,762 | €58,420 | +€8,658 | +17.4% |
| Recurring financial charges | 65 | €49,762 | €58,420 | +€8,658 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €3,947 | -€6,649 | -€10,596 | |
| Income taxes | 67/77 | €2,177 | €46 | -€2,131 | -97.9% |
| Profit (loss) for the period | 9904 | €1,770 | -€6,695 | -€8,466 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,770 | -€6,695 | -€8,466 |
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 3 October 2026 via checked.be.