WEDCO: 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.
WEDCO
Largest movements
- Cash +€106,291
up €106,291 (+663.8%), from €16,012 to €122,303
mainly Receivables within one year (+€63,162) and Net result for the year (+€38,007)
- Receivables within one year -€63,162
down €63,162 (-71.6%), from €88,254 to €25,092
of which Trade receivables: -€63,162
- Profit (loss) carried forward +€38,007
up €38,007 (+114.8%), from €33,111 to €71,119
- Trade debts +€1,770
up €1,770 (+260.2%), from €680 to €2,451
- Tax, wage and social debts +€1,747
up €1,747 (+9.5%), from €18,424 to €20,171
- Other debts +€1,604
up €1,604 (+5.4%), from €29,505 to €31,109
- Taxes +€14,745
up €14,745 (+3647.1%), from €404 to €15,149
- Staff costs +€2,813
new in 2025: €2,813
- Gross operating margin -€1,445
down €1,445 (-2.3%), from €61,626 to €60,181
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 | €104,266 | €147,395 | +€43,129 | +41.4% |
| Current assets | 29/58 | €104,266 | €147,395 | +€43,129 | +41.4% |
| Amounts receivable within one year | 40/41 | €88,254 | €25,092 | -€63,162 | -71.6% |
| Trade receivables | 40 | €87,120 | €23,958 | -€63,162 | -72.5% |
| Other amounts receivable | 41 | €1,134 | €1,134 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,012 | €122,303 | +€106,291 | +663.8% |
| Total equity and liabilities | 10/49 | €104,266 | €147,395 | +€43,129 | +41.4% |
| Equity | 10/15 | €55,657 | €93,664 | +€38,007 | +68.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,545 | €2,545 | = | 0.0% |
| Tax-exempt reserves | 132 | €545 | €545 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,111 | €71,119 | +€38,007 | +114.8% |
| Amounts payable | 17/49 | €48,609 | €53,731 | +€5,122 | +10.5% |
| Amounts payable within one year | 42/48 | €48,609 | €53,731 | +€5,122 | +10.5% |
| Trade debts | 44 | €680 | €2,451 | +€1,770 | +260.2% |
| Suppliers | 440/4 | €680 | €2,451 | +€1,770 | +260.2% |
| Taxes, remuneration and social security | 45 | €18,424 | €20,171 | +€1,747 | +9.5% |
| Taxes | 450/3 | €18,424 | €20,171 | +€1,747 | +9.5% |
| Other amounts payable | 47/48 | €29,505 | €31,109 | +€1,604 | +5.4% |
| Remuneration, social security and pensions | 62 | - | €2,813 | +€2,813 | |
| Other operating charges | 640/8 | €1,940 | €1,793 | -€148 | -7.6% |
| Gross operating margin | 9900 | €61,626 | €60,181 | -€1,445 | -2.3% |
| Operating profit (loss) | 9901 | €59,686 | €55,575 | -€4,111 | -6.9% |
| Financial charges | 65/66B | €2,310 | €2,418 | +€108 | +4.7% |
| Recurring financial charges | 65 | €2,310 | €2,418 | +€108 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €57,376 | €53,157 | -€4,219 | -7.4% |
| Income taxes | 67/77 | €404 | €15,149 | +€14,745 | +3647.1% |
| Profit (loss) for the period | 9904 | €56,971 | €38,007 | -€18,964 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,971 | €38,007 | -€18,964 | -33.3% |
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 5 October 2026 via checked.be.