WEFA: 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.
WEFA
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+1349.3%), from €86,250 to €1.3m
of which Land and buildings: +€999,397
- Receivables within one year -€126,259
down €126,259 (-96.8%), from €130,376 to €4,117
of which Other amounts receivable: -€130,259
- Revaluation surpluses +€999,685
new in 2025: €999,685
- Trade debts +€36,129
up €36,129 (+7668.6%), from €471 to €36,600
- Profit (loss) carried forward +€21,118
up €21,118, from -€21,118 to €0
- Gross operating margin +€13,453
up €13,453 (+137.0%), from €9,817 to €23,270
- Depreciation +€4,779
up €4,779 (+438.3%), from €1,090 to €5,870
- Financial income -€523
down €523 (-99.5%), from €526 to €3
- Taxes +€329
up €329 (+97.9%), from -€336 to -€7
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 | €271,682 | €1,318,490 | +€1.0m | +385.3% |
| Fixed assets | 21/28 | €86,250 | €1,250,000 | +€1.2m | +1349.3% |
| Tangible fixed assets | 22/27 | €86,250 | €1,250,000 | +€1.2m | +1349.3% |
| Land and buildings | 22 | €78,220 | €1,077,617 | +€999,397 | +1277.7% |
| Plant, machinery and equipment | 23 | €8,030 | €172,383 | +€164,353 | +2046.6% |
| Current assets | 29/58 | €185,431 | €68,490 | -€116,941 | -63.1% |
| Amounts receivable within one year | 40/41 | €130,376 | €4,117 | -€126,259 | -96.8% |
| Trade receivables | 40 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 41 | €130,376 | €117 | -€130,259 | -99.9% |
| Cash at bank and in hand | 54/58 | €55,056 | €63,058 | +€8,002 | +14.5% |
| Deferred charges and accrued income | 490/1 | - | €1,315 | +€1,315 | |
| Total equity and liabilities | 10/49 | €271,682 | €1,318,490 | +€1.0m | +385.3% |
| Equity | 10/15 | €269,480 | €1,281,687 | +€1.0m | +375.6% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Revaluation surpluses | 12 | - | €999,685 | +€999,685 | |
| Reserves | 13 | €270,147 | €261,551 | -€8,595 | -3.2% |
| Tax-exempt reserves | 132 | €259,750 | €259,750 | = | 0.0% |
| Distributable reserves | 133 | €10,396 | €1,801 | -€8,595 | -82.7% |
| Profit (loss) carried forward | 14 | -€21,118 | €0 | +€21,118 | |
| Amounts payable | 17/49 | €2,202 | €36,803 | +€34,601 | +1571.3% |
| Amounts payable within one year | 42/48 | €1,815 | €36,803 | +€34,988 | +1928.0% |
| Trade debts | 44 | €471 | €36,600 | +€36,129 | +7668.6% |
| Suppliers | 440/4 | €471 | €36,600 | +€36,129 | +7668.6% |
| Taxes, remuneration and social security | 45 | €1,162 | - | -€1,162 | |
| Taxes | 450/3 | €1,162 | - | -€1,162 | |
| Other amounts payable | 47/48 | €182 | €203 | +€21 | +11.7% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,090 | €5,870 | +€4,779 | +438.3% |
| Other operating charges | 640/8 | €4,370 | €4,542 | +€171 | +3.9% |
| Gross operating margin | 9900 | €9,817 | €23,270 | +€13,453 | +137.0% |
| Operating profit (loss) | 9901 | €4,356 | €12,858 | +€8,502 | +195.2% |
| Financial income | 75/76B | €526 | €3 | -€523 | -99.5% |
| Recurring financial income | 75 | €526 | €3 | -€523 | -99.5% |
| Financial charges | 65/66B | €374 | €345 | -€29 | -7.6% |
| Recurring financial charges | 65 | €374 | €345 | -€29 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €4,508 | €12,516 | +€8,007 | +177.6% |
| Income taxes | 67/77 | -€336 | -€7 | +€329 | +97.9% |
| Profit (loss) for the period | 9904 | €4,844 | €12,523 | +€7,679 | +158.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,844 | €12,523 | +€7,679 | +158.5% |
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.