WEDO: 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.
WEDO
Largest movements
- Tangible fixed assets -€9,168
down €9,168 (-22.4%), from €40,944 to €31,775
- Receivables within one year +€3,325
up €3,325 (+162.1%), from €2,051 to €5,376
of which Trade receivables: +€3,396
- Cash +€966
up €966 (+180.4%), from €535 to €1,501
mainly Depreciation (+€9,168) and Other debts (+€6,258)
- Other debts +€6,258
up €6,258 (+16.6%), from €37,627 to €43,884
- Debts after one year -€5,568
down €5,568 (-26.8%), from €20,762 to €15,194
- Profit (loss) carried forward -€4,697
down €4,697 (-7.1%), from -€66,007 to -€70,705
- Trade debts -€1,033
down €1,033 (-51.8%), from €1,992 to €959
- Gross operating margin +€15,656
up €15,656, from -€8,425 to €7,232
- Depreciation +€3,855
up €3,855 (+72.6%), from €5,313 to €9,168
- Other operating charges -€2,170
down €2,170 (-65.3%), from €3,325 to €1,155
- Financial charges +€244
up €244 (+22.5%), from €1,087 to €1,332
- Taxes +€150
up €150 (+113.7%), from €132 to €281
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,187 | €39,695 | -€4,492 | -10.2% |
| Fixed assets | 21/28 | €40,944 | €31,775 | -€9,168 | -22.4% |
| Tangible fixed assets | 22/27 | €40,944 | €31,775 | -€9,168 | -22.4% |
| Furniture and vehicles | 24 | €40,944 | €31,775 | -€9,168 | -22.4% |
| Current assets | 29/58 | €3,243 | €7,919 | +€4,676 | +144.2% |
| Amounts receivable within one year | 40/41 | €2,051 | €5,376 | +€3,325 | +162.1% |
| Trade receivables | 40 | €1,980 | €5,376 | +€3,396 | +171.6% |
| Other amounts receivable | 41 | €72 | - | -€72 | |
| Cash at bank and in hand | 54/58 | €535 | €1,501 | +€966 | +180.4% |
| Deferred charges and accrued income | 490/1 | €656 | €1,042 | +€386 | +58.8% |
| Total equity and liabilities | 10/49 | €44,187 | €39,695 | -€4,492 | -10.2% |
| Equity | 10/15 | -€22,407 | -€27,105 | -€4,697 | -21.0% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,007 | -€70,705 | -€4,697 | -7.1% |
| Amounts payable | 17/49 | €66,594 | €66,800 | +€205 | +0.3% |
| Amounts payable after more than one year | 17 | €20,762 | €15,194 | -€5,568 | -26.8% |
| Financial debts | 170/4 | €20,762 | €15,194 | -€5,568 | -26.8% |
| Amounts payable within one year | 42/48 | €45,832 | €51,606 | +€5,774 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €5,299 | €5,568 | +€270 | +5.1% |
| Trade debts | 44 | €1,992 | €959 | -€1,033 | -51.8% |
| Suppliers | 440/4 | €1,992 | €959 | -€1,033 | -51.8% |
| Taxes, remuneration and social security | 45 | €915 | €1,193 | +€279 | +30.5% |
| Taxes | 450/3 | €915 | €1,193 | +€279 | +30.5% |
| Other amounts payable | 47/48 | €37,627 | €43,884 | +€6,258 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,313 | €9,168 | +€3,855 | +72.6% |
| Other operating charges | 640/8 | €3,325 | €1,155 | -€2,170 | -65.3% |
| Gross operating margin | 9900 | -€8,425 | €7,232 | +€15,656 | |
| Operating profit (loss) | 9901 | -€17,063 | -€3,091 | +€13,971 | +81.9% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €1,087 | €1,332 | +€244 | +22.5% |
| Recurring financial charges | 65 | €1,087 | €1,332 | +€244 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,150 | -€4,416 | +€13,734 | +75.7% |
| Income taxes | 67/77 | €132 | €281 | +€150 | +113.7% |
| Profit (loss) for the period | 9904 | -€18,282 | -€4,697 | +€13,584 | +74.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,282 | -€4,697 | +€13,584 | +74.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.