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
- Receivables within one year +€84,343
up €84,343 (+33.9%), from €248,682 to €333,026
of which Trade receivables: +€294,030
- Tangible fixed assets -€45,633
down €45,633 (-2.1%), from €2.2m to €2.2m
of which Land and buildings: -€45,450
- Profit (loss) carried forward +€104,102
up €104,102, from -€17,820 to €86,282
- Debts after one year -€98,788
down €98,788 (-4.5%), from €2.2m to €2.1m
- Other operating charges -€271,544
down €271,544 (-94.0%), from €288,805 to €17,260
- Gross operating margin -€169,760
down €169,760 (-38.1%), from €445,488 to €275,729
- Financial charges -€24,657
down €24,657 (-22.9%), from €107,748 to €83,090
- Taxes +€22,094
new in 2025: €22,094
- Depreciation -€17,574
down €17,574 (-26.3%), from €66,756 to €49,182
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 | €2,499,197 | €2,529,888 | +€30,692 | +1.2% |
| Fixed assets | 21/28 | €2,220,538 | €2,174,905 | -€45,633 | -2.1% |
| Tangible fixed assets | 22/27 | €2,220,538 | €2,174,905 | -€45,633 | -2.1% |
| Land and buildings | 22 | €2,185,374 | €2,139,924 | -€45,450 | -2.1% |
| Plant, machinery and equipment | 23 | €35,164 | €34,981 | -€183 | -0.5% |
| Current assets | 29/58 | €278,659 | €354,983 | +€76,324 | +27.4% |
| Amounts receivable within one year | 40/41 | €248,682 | €333,026 | +€84,343 | +33.9% |
| Trade receivables | 40 | - | €294,030 | +€294,030 | |
| Other amounts receivable | 41 | €248,682 | €38,996 | -€209,687 | -84.3% |
| Cash at bank and in hand | 54/58 | €29,977 | €21,957 | -€8,019 | -26.8% |
| Total equity and liabilities | 10/49 | €2,499,197 | €2,529,888 | +€30,692 | +1.2% |
| Equity | 10/15 | €182,180 | €286,282 | +€104,102 | +57.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,820 | €86,282 | +€104,102 | |
| Amounts payable | 17/49 | €2,317,017 | €2,243,606 | -€73,410 | -3.2% |
| Amounts payable after more than one year | 17 | €2,201,289 | €2,102,501 | -€98,788 | -4.5% |
| Financial debts | 170/4 | €2,201,289 | €2,102,501 | -€98,788 | -4.5% |
| Amounts payable within one year | 42/48 | €115,727 | €141,105 | +€25,378 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €94,238 | €98,788 | +€4,550 | +4.8% |
| Trade debts | 44 | - | €3,550 | +€3,550 | |
| Suppliers | 440/4 | - | €3,550 | +€3,550 | |
| Taxes, remuneration and social security | 45 | €17,823 | €36,205 | +€18,382 | +103.1% |
| Taxes | 450/3 | €17,823 | €36,205 | +€18,382 | +103.1% |
| Other amounts payable | 47/48 | €3,666 | €2,562 | -€1,104 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,756 | €49,182 | -€17,574 | -26.3% |
| Other operating charges | 640/8 | €288,805 | €17,260 | -€271,544 | -94.0% |
| Gross operating margin | 9900 | €445,488 | €275,729 | -€169,760 | -38.1% |
| Operating profit (loss) | 9901 | €89,928 | €209,286 | +€119,359 | +132.7% |
| Financial charges | 65/66B | €107,748 | €83,090 | -€24,657 | -22.9% |
| Recurring financial charges | 65 | €107,748 | €83,090 | -€24,657 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,820 | €126,196 | +€144,016 | |
| Income taxes | 67/77 | - | €22,094 | +€22,094 | |
| Profit (loss) for the period | 9904 | -€17,820 | €104,102 | +€121,922 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,820 | €104,102 | +€121,922 |
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 29 September 2026 via checked.be.