WeForest: 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.
WeForest
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-59.8%), from €1.8m to €723,364
of which Trade receivables: -€1.1m
- Deferred charges and accrued income -€336,572
down €336,572 (-34.6%), from €971,688 to €635,116
- Cash -€244,553
down €244,553 (-4.9%), from €5.0m to €4.8m
mainly Advances received (-€1.4m) and Net result for the year (-€427,627)
- Stocks and contracts +€144,774
up €144,774 (+3.3%), from €4.4m to €4.6m
- Advances received -€1.4m
down €1.4m (-15.3%), from €9.3m to €7.9m
- Profit (loss) carried forward -€427,627
down €427,627 (-28.7%), from €1.5m to €1.1m
- Trade debts +€362,743
up €362,743 (+90.5%), from €400,660 to €763,403
- Turnover +€3.3m
up €3.3m (+108.9%), from €3.0m to €6.3m
- Purchases and services +€2.5m
up €2.5m (+57.8%), from €4.2m to €6.7m
- Write-downs -€385,264
no longer reported in 2025 (was €385,264)
- Staff costs +€264,300
up €264,300 (+22.2%), from €1.2m to €1.5m
- Financial charges +€264,263
up €264,263 (+1247.2%), from €21,188 to €285,451
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 | €12,270,770 | €10,784,415 | -€1.5m | -12.1% |
| Fixed assets | 21/28 | €55,536 | €82,974 | +€27,438 | +49.4% |
| Tangible fixed assets | 22/27 | €50,951 | €78,389 | +€27,438 | +53.9% |
| Plant, machinery and equipment | 23 | €4,162 | €11,236 | +€7,074 | +170.0% |
| Furniture and vehicles | 24 | €46,789 | €67,153 | +€20,364 | +43.5% |
| Financial fixed assets | 28 | €4,585 | €4,585 | = | 0.0% |
| Current assets | 29/58 | €12,215,234 | €10,701,441 | -€1.5m | -12.4% |
| Stocks and contracts in progress | 3 | €4,414,336 | €4,559,110 | +€144,774 | +3.3% |
| Stocks | 30/36 | €4,414,336 | €4,559,110 | +€144,774 | +3.3% |
| Amounts receivable within one year | 40/41 | €1,800,806 | €723,364 | -€1.1m | -59.8% |
| Trade receivables | 40 | €1,738,104 | €668,950 | -€1.1m | -61.5% |
| Other amounts receivable | 41 | €62,702 | €54,414 | -€8,288 | -13.2% |
| Cash at bank and in hand | 54/58 | €5,028,404 | €4,783,851 | -€244,553 | -4.9% |
| Deferred charges and accrued income | 490/1 | €971,688 | €635,116 | -€336,572 | -34.6% |
| Total equity and liabilities | 10/49 | €12,270,770 | €10,784,415 | -€1.5m | -12.1% |
| Equity | 10/15 | €1,694,058 | €1,266,431 | -€427,627 | -25.2% |
| Reserves | 13 | €202,360 | €202,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,491,698 | €1,064,071 | -€427,627 | -28.7% |
| Provisions and deferred taxes | 16 | €741,645 | €728,602 | -€13,043 | -1.8% |
| Provisions for liabilities and charges | 160/5 | €741,645 | €728,602 | -€13,043 | -1.8% |
| Pensions and similar obligations | 160 | - | €52,796 | +€52,796 | |
| Other liabilities and charges | 164/5 | €741,645 | €675,806 | -€65,839 | -8.9% |
| Amounts payable | 17/49 | €9,835,067 | €8,789,382 | -€1.0m | -10.6% |
| Amounts payable within one year | 42/48 | €9,832,307 | €8,788,146 | -€1.0m | -10.6% |
| Trade debts | 44 | €400,660 | €763,403 | +€362,743 | +90.5% |
| Suppliers | 440/4 | €400,660 | €763,403 | +€362,743 | +90.5% |
| Advances received on contracts in progress | 46 | €9,278,793 | €7,855,728 | -€1.4m | -15.3% |
| Taxes, remuneration and social security | 45 | €152,854 | €169,015 | +€16,161 | +10.6% |
| Taxes | 450/3 | €25,613 | €12,057 | -€13,556 | -52.9% |
| Remuneration and social security | 454/9 | €127,241 | €156,958 | +€29,717 | +23.4% |
| Accrued charges and deferred income | 492/3 | €2,760 | €1,236 | -€1,524 | -55.2% |
| Turnover | 70 | €3,009,362 | €6,286,164 | +€3.3m | +108.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,245,015 | €6,699,645 | +€2.5m | +57.8% |
| Remuneration, social security and pensions | 62 | €1,192,774 | €1,457,074 | +€264,300 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,054 | €30,911 | -€35,143 | -53.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €385,264 | - | -€385,264 | |
| Other operating charges | 640/8 | €95,443 | €105,686 | +€10,243 | +10.7% |
| Gross operating margin | 9900 | €1,366,714 | €1,409,325 | +€42,611 | +3.1% |
| Operating profit (loss) | 9901 | -€433,744 | -€171,303 | +€262,441 | +60.5% |
| Financial income | 75/76B | €54,068 | €29,127 | -€24,941 | -46.1% |
| Recurring financial income | 75 | €54,068 | €29,127 | -€24,941 | -46.1% |
| Financial charges | 65/66B | €21,188 | €285,451 | +€264,263 | +1247.2% |
| Recurring financial charges | 65 | €21,188 | €285,451 | +€264,263 | +1247.2% |
| Profit (loss) for the period before taxes | 9903 | -€400,864 | -€427,627 | -€26,763 | -6.7% |
| Profit (loss) for the period | 9904 | -€400,864 | -€427,627 | -€26,763 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€400,864 | -€427,627 | -€26,763 | -6.7% |
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.