WEDEV: 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.
WEDEV
Largest movements
- Cash -€90,548
down €90,548 (-77.5%), from €116,858 to €26,310
mainly Tax, wage and social debts (-€129,839) and Contributions, distributions and other (-€60,000)
- Stocks and contracts -€48,656
down €48,656 (-47.8%), from €101,841 to €53,185
- Tax, wage and social debts -€129,839
down €129,839 (-92.2%), from €140,872 to €11,033
of which Taxes: -€140,872
- Reserves -€28,463
down €28,463 (-42.0%), from €67,826 to €39,363
- Trade debts +€19,099
new in 2025: €19,099
- Gross operating margin -€25,661
down €25,661 (-37.9%), from €67,713 to €42,052
- Taxes -€7,511
down €7,511 (-39.6%), from €18,970 to €11,459
- Financial income -€1,078
down €1,078 (-43.2%), from €2,499 to €1,420
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 | €228,698 | €89,495 | -€139,204 | -60.9% |
| Current assets | 29/58 | €228,698 | €89,495 | -€139,204 | -60.9% |
| Stocks and contracts in progress | 3 | €101,841 | €53,185 | -€48,656 | -47.8% |
| Stocks | 30/36 | €101,841 | €53,185 | -€48,656 | -47.8% |
| Amounts receivable within one year | 40/41 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 41 | €10,000 | €10,000 | = | 0.0% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €116,858 | €26,310 | -€90,548 | -77.5% |
| Total equity and liabilities | 10/49 | €228,698 | €89,495 | -€139,204 | -60.9% |
| Equity | 10/15 | €87,826 | €59,363 | -€28,463 | -32.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €67,826 | €39,363 | -€28,463 | -42.0% |
| Distributable reserves | 133 | €67,826 | €39,363 | -€28,463 | -42.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €140,872 | €30,132 | -€110,741 | -78.6% |
| Amounts payable within one year | 42/48 | €140,872 | €30,132 | -€110,741 | -78.6% |
| Trade debts | 44 | - | €19,099 | +€19,099 | |
| Suppliers | 440/4 | - | €19,099 | +€19,099 | |
| Taxes, remuneration and social security | 45 | €140,872 | €11,033 | -€129,839 | -92.2% |
| Taxes | 450/3 | €140,872 | €0 | -€140,872 | -100.0% |
| Remuneration and social security | 454/9 | - | €11,033 | +€11,033 | |
| Other operating charges | 640/8 | €141 | €194 | +€54 | +38.1% |
| Gross operating margin | 9900 | €67,713 | €42,052 | -€25,661 | -37.9% |
| Operating profit (loss) | 9901 | €67,572 | €41,858 | -€25,714 | -38.1% |
| Financial income | 75/76B | €2,499 | €1,420 | -€1,078 | -43.2% |
| Recurring financial income | 75 | €2,499 | €1,420 | -€1,078 | -43.2% |
| Financial charges | 65/66B | €208 | €282 | +€74 | +35.4% |
| Recurring financial charges | 65 | €208 | €282 | +€74 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | €69,863 | €42,996 | -€26,866 | -38.5% |
| Income taxes | 67/77 | €18,970 | €11,459 | -€7,511 | -39.6% |
| Profit (loss) for the period | 9904 | €50,892 | €31,537 | -€19,355 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,892 | €31,537 | -€19,355 | -38.0% |
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 7 October 2026 via checked.be.