WEDDELL: 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.
What changed
WEDDELL
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€243.3m
2023 · €496.2m-€252.9m
Equity
€638.2m
2023 · €644.9m-€6.7m
Cash
€7.5m
2023 · €3.0m+€4.5m
Balance sheet total
€640.2m
2023 · €645.9m-€5.8m
Largest movements
Assets
- Receivables within one year -€32.7m
down €32.7m (-10.6%), from €309.1m to €276.4m
of which Other amounts receivable: -€32.3m
- Current investments +€24.5m
up €24.5m (+99.9%), from €24.5m to €49.0m
Equity and liabilities
- Profit (loss) carried forward -€6.7m
down €6.7m (-1.4%), from €496.2m to €489.4m
Income statement
- Financial income -€251.3m
down €251.3m (-50.2%), from €500.6m to €249.3m
of which Financial income: -€245.9m
From the 2023 result to the 2024 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.
Result 2023
€496.2m
Staff costs
+€10,081
Other operating charges
+€60,881
Other operating items
+€19,120
Financial income
-€251.3m
Financial charges
+€636,238
Taxes
-€2.3m
Result 2024
€243.3m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€276.9m
Investment
-€22.4m
Financing
-€250.0m
Cash 2023
€3.0m
From operations (derived)
+€276.9m
Net result for the year
+€243.3m
Receivables within one year
+€32.7m
Smaller working-capital items
+€112,505
Tax, wage and social debts
+€852,848
Investment (derived)
-€22.4m
Investment in fixed assets (net)
+€2.1m
Current investments
-€24.5m
Financing
-€250.0m
Contributions, distributions and other
-€250.0m
Cash 2024
€7.5m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €645,947,548 | €640,183,870 | -€5.8m | -0.9% |
| Fixed assets | 21/28 | €309,342,387 | €307,289,642 | -€2.1m | -0.7% |
| Financial fixed assets | 28 | €309,342,387 | €307,289,642 | -€2.1m | -0.7% |
| Affiliated companies | 280/1 | €309,342,387 | €295,289,642 | -€14.1m | -4.5% |
| Participating interests | 280 | €309,342,387 | €295,289,642 | -€14.1m | -4.5% |
| Companies linked by participating interests | 282/3 | - | €12,000,000 | +€12.0m | |
| Participating interests | 282 | - | €12,000,000 | +€12.0m | |
| Current assets | 29/58 | €336,605,161 | €332,894,228 | -€3.7m | -1.1% |
| Amounts receivable within one year | 40/41 | €309,082,452 | €276,412,232 | -€32.7m | -10.6% |
| Trade receivables | 40 | €347,514 | - | -€347,514 | |
| Other amounts receivable | 41 | €308,734,938 | €276,412,232 | -€32.3m | -10.5% |
| Current investments | 50/53 | €24,510,752 | €48,989,314 | +€24.5m | +99.9% |
| Other investments | 51/53 | €24,510,752 | €48,989,314 | +€24.5m | +99.9% |
| Cash at bank and in hand | 54/58 | €3,011,948 | €7,492,682 | +€4.5m | +148.8% |
| Deferred charges and accrued income | 490/1 | €9 | - | -€9 | |
| Total equity and liabilities | 10/49 | €645,947,548 | €640,183,870 | -€5.8m | -0.9% |
| Equity | 10/15 | €644,888,999 | €638,159,977 | -€6.7m | -1.0% |
| Contributions | 10/11 | €55,485,159 | €55,485,159 | = | 0.0% |
| Capital | 10 | €55,485,000 | €55,485,000 | = | 0.0% |
| Issued capital | 100 | €55,485,000 | €55,485,000 | = | 0.0% |
| Contributions outside capital | 11 | €159 | €159 | = | 0.0% |
| Share premium | 1100/10 | €159 | €159 | = | 0.0% |
| Reserves | 13 | €93,235,301 | €93,235,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,548,500 | €5,548,500 | = | 0.0% |
| Legal reserve | 130 | €5,548,500 | €5,548,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €744,000 | €744,000 | = | 0.0% |
| Distributable reserves | 133 | €86,942,801 | €86,942,801 | = | 0.0% |
| Profit (loss) carried forward | 14 | €496,168,539 | €489,439,517 | -€6.7m | -1.4% |
| Amounts payable | 17/49 | €1,058,549 | €2,023,893 | +€965,344 | +91.2% |
| Amounts payable within one year | 42/48 | €1,058,549 | €2,023,893 | +€965,344 | +91.2% |
| Trade debts | 44 | - | €57,378 | +€57,378 | |
| Suppliers | 440/4 | - | €57,378 | +€57,378 | |
| Taxes, remuneration and social security | 45 | €1,037,530 | €1,890,378 | +€852,848 | +82.2% |
| Taxes | 450/3 | €1,037,530 | €1,890,378 | +€852,848 | +82.2% |
| Other amounts payable | 47/48 | €21,019 | €76,137 | +€55,118 | +262.2% |
| Operating charges | 60/66A | €200,263 | €110,181 | -€90,082 | -45.0% |
| Services and other goods | 61 | €81,172 | €62,052 | -€19,120 | -23.6% |
| Remuneration, social security and pensions | 62 | €10,081 | - | -€10,081 | |
| Other operating charges | 640/8 | €109,010 | €48,129 | -€60,881 | -55.8% |
| Operating profit (loss) | 9901 | -€200,263 | -€110,181 | +€90,082 | +45.0% |
| Financial income | 75/76B | €500,641,723 | €249,330,161 | -€251.3m | -50.2% |
| Recurring financial income | 75 | €492,462,827 | €246,608,932 | -€245.9m | -49.9% |
| Income from financial fixed assets | 750 | €475,136,806 | €232,357,520 | -€242.8m | -51.1% |
| Income from current assets | 751 | €17,293,779 | €14,251,032 | -€3.0m | -17.6% |
| Other financial income | 752/9 | €32,242 | €380 | -€31,862 | -98.8% |
| Non-recurring financial income | 76B | €8,178,896 | €2,721,229 | -€5.5m | -66.7% |
| Financial charges | 65/66B | €3,235,391 | €2,599,153 | -€636,238 | -19.7% |
| Recurring financial charges | 65 | €23,178 | €73,504 | +€50,326 | +217.1% |
| Debt charges | 650 | €12 | - | -€12 | |
| Other financial charges | 652/9 | €23,166 | €73,504 | +€50,338 | +217.3% |
| Non-recurring financial charges | 66B | €3,212,213 | €2,525,649 | -€686,564 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €497,206,069 | €246,620,827 | -€250.6m | -50.4% |
| Income taxes | 67/77 | €1,037,530 | €3,349,849 | +€2.3m | +222.9% |
| Taxes | 670/3 | €1,037,530 | €3,349,849 | +€2.3m | +222.9% |
| Profit (loss) for the period | 9904 | €496,168,539 | €243,270,978 | -€252.9m | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €496,168,539 | €243,270,978 | -€252.9m | -51.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.