WEDAM: 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.
WEDAM
Largest movements
- Receivables within one year -€872,677
down €872,677 (-69.0%), from €1.3m to €391,231
of which Other amounts receivable: -€599,274
- Cash -€41,955
down €41,955 (-28.0%), from €149,726 to €107,772
mainly Other debts (-€590,000) and Trade debts (-€429,223)
- Other debts -€590,000
down €590,000 (-100%), from €590,000 to €0
- Trade debts -€429,223
down €429,223 (-76.3%), from €562,342 to €133,119
- Reserves +€334,697
up €334,697 (+17,994%), from €1,860 to €336,557
- Profit (loss) carried forward -€208,968
down €208,968 (-100%), from €208,968 to €0
- Tax, wage and social debts -€34,196
down €34,196 (-51.9%), from €65,863 to €31,667
of which Taxes: -€41,450
- Financial income -€14,785
down €14,785 (-100.0%), from €14,785 to €0
- Taxes +€6,905
up €6,905 (+19.6%), from €35,319 to €42,224
- Gross operating margin +€6,769
up €6,769 (+1.7%), from €398,340 to €405,109
- Staff costs -€5,692
down €5,692 (-2.5%), from €226,153 to €220,461
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
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 | €1,446,569 | €513,928 | -€932,641 | -64.5% |
| Fixed assets | 21/28 | €26,470 | €12,586 | -€13,884 | -52.5% |
| Tangible fixed assets | 22/27 | €25,562 | €11,678 | -€13,884 | -54.3% |
| Furniture and vehicles | 24 | €25,562 | €11,678 | -€13,884 | -54.3% |
| Financial fixed assets | 28 | €908 | €908 | = | 0.0% |
| Current assets | 29/58 | €1,420,099 | €501,342 | -€918,757 | -64.7% |
| Stocks and contracts in progress | 3 | €3,675 | €0 | -€3,675 | -100% |
| Stocks | 30/36 | €3,675 | €0 | -€3,675 | -100% |
| Amounts receivable within one year | 40/41 | €1,263,908 | €391,231 | -€872,677 | -69.0% |
| Trade receivables | 40 | €643,775 | €370,372 | -€273,403 | -42.5% |
| Other amounts receivable | 41 | €620,133 | €20,859 | -€599,274 | -96.6% |
| Cash at bank and in hand | 54/58 | €149,726 | €107,772 | -€41,955 | -28.0% |
| Deferred charges and accrued income | 490/1 | €2,789 | €2,339 | -€450 | -16.1% |
| Total equity and liabilities | 10/49 | €1,446,569 | €513,928 | -€932,641 | -64.5% |
| Equity | 10/15 | €223,236 | €348,965 | +€125,729 | +56.3% |
| Contributions | 10/11 | €12,408 | €12,408 | = | 0.0% |
| Reserves | 13 | €1,860 | €336,557 | +€334,697 | +17,994% |
| Distributable reserves | 133 | €1,860 | €336,557 | +€334,697 | +17,994% |
| Profit (loss) carried forward | 14 | €208,968 | €0 | -€208,968 | -100% |
| Amounts payable | 17/49 | €1,223,333 | €164,963 | -€1.1m | -86.5% |
| Amounts payable within one year | 42/48 | €1,218,205 | €164,786 | -€1.1m | -86.5% |
| Trade debts | 44 | €562,342 | €133,119 | -€429,223 | -76.3% |
| Suppliers | 440/4 | €562,342 | €133,119 | -€429,223 | -76.3% |
| Taxes, remuneration and social security | 45 | €65,863 | €31,667 | -€34,196 | -51.9% |
| Taxes | 450/3 | €41,450 | €0 | -€41,450 | -100% |
| Remuneration and social security | 454/9 | €24,414 | €31,667 | +€7,254 | +29.7% |
| Other amounts payable | 47/48 | €590,000 | €0 | -€590,000 | -100% |
| Accrued charges and deferred income | 492/3 | €5,128 | €176 | -€4,952 | -96.6% |
| Remuneration, social security and pensions | 62 | €226,153 | €220,461 | -€5,692 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,922 | €13,884 | -€38 | -0.3% |
| Other operating charges | 640/8 | €1,086 | €1,051 | -€35 | -3.2% |
| Gross operating margin | 9900 | €398,340 | €405,109 | +€6,769 | +1.7% |
| Operating profit (loss) | 9901 | €157,179 | €169,713 | +€12,534 | +8.0% |
| Financial income | 75/76B | €14,785 | €0 | -€14,785 | -100.0% |
| Recurring financial income | 75 | €14,785 | €0 | -€14,785 | -100.0% |
| Financial charges | 65/66B | €1,809 | €1,760 | -€49 | -2.7% |
| Recurring financial charges | 65 | €1,809 | €1,760 | -€49 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €170,155 | €167,953 | -€2,202 | -1.3% |
| Income taxes | 67/77 | €35,319 | €42,224 | +€6,905 | +19.6% |
| Profit (loss) for the period | 9904 | €134,836 | €125,729 | -€9,107 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €134,836 | €125,729 | -€9,107 | -6.8% |
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 22 October 2026 via checked.be.