WEGE: 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.
WEGE
Largest movements
- Current investments -€70,000
down €70,000 (-25.9%), from €270,000 to €200,000
- Cash -€68,530
down €68,530 (-81.9%), from €83,649 to €15,119
mainly Tax, wage and social debts (-€120,366) and Net result for the year (-€32,242)
- Tangible fixed assets -€47,390
down €47,390 (-9.2%), from €517,848 to €470,459
of which Land and buildings: -€62,286
- Tax, wage and social debts -€120,366
down €120,366 (-100.0%), from €120,366 to €0
- Profit (loss) carried forward -€32,242
down €32,242 (-14.1%), from €229,220 to €196,978
- Other debts -€17,600
down €17,600 (-11.5%), from €152,800 to €135,200
- Gross operating margin +€16,220
up €16,220 (+77.8%), from €20,857 to €37,077
- Financial income +€5,978
up €5,978 (+283.1%), from €2,112 to €8,089
- Depreciation +€1,207
up €1,207 (+1.7%), from €69,979 to €71,186
- Other operating charges +€766
up €766 (+15.7%), from €4,892 to €5,658
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 | €873,379 | €689,232 | -€184,147 | -21.1% |
| Fixed assets | 21/28 | €517,848 | €470,459 | -€47,390 | -9.2% |
| Tangible fixed assets | 22/27 | €517,848 | €470,459 | -€47,390 | -9.2% |
| Land and buildings | 22 | €482,259 | €419,973 | -€62,286 | -12.9% |
| Plant, machinery and equipment | 23 | €11,664 | €10,260 | -€1,405 | -12.0% |
| Other tangible fixed assets | 26 | €23,925 | €40,227 | +€16,301 | +68.1% |
| Current assets | 29/58 | €355,530 | €218,773 | -€136,757 | -38.5% |
| Amounts receivable within one year | 40/41 | €627 | €2,427 | +€1,800 | +286.9% |
| Other amounts receivable | 41 | €627 | €2,427 | +€1,800 | +286.9% |
| Current investments | 50/53 | €270,000 | €200,000 | -€70,000 | -25.9% |
| Cash at bank and in hand | 54/58 | €83,649 | €15,119 | -€68,530 | -81.9% |
| Deferred charges and accrued income | 490/1 | €1,254 | €1,227 | -€27 | -2.1% |
| Total equity and liabilities | 10/49 | €873,379 | €689,232 | -€184,147 | -21.1% |
| Equity | 10/15 | €576,807 | €544,565 | -€32,242 | -5.6% |
| Contributions | 10/11 | €18,554 | €18,554 | = | 0.0% |
| Reserves | 13 | €329,034 | €329,034 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €329,034 | €329,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | €229,220 | €196,978 | -€32,242 | -14.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €296,572 | €144,667 | -€151,905 | -51.2% |
| Amounts payable after more than one year | 17 | €6,042 | €0 | -€6,042 | -100.0% |
| Financial debts | 170/4 | €6,042 | €0 | -€6,042 | -100.0% |
| Amounts payable within one year | 42/48 | €288,299 | €142,354 | -€145,945 | -50.6% |
| Current portion of amounts payable after more than one year | 42 | €14,500 | €6,042 | -€8,458 | -58.3% |
| Trade debts | 44 | €633 | €1,113 | +€479 | +75.7% |
| Suppliers | 440/4 | €633 | €1,113 | +€479 | +75.7% |
| Taxes, remuneration and social security | 45 | €120,366 | €0 | -€120,366 | -100.0% |
| Taxes | 450/3 | €120,366 | €0 | -€120,366 | -100.0% |
| Other amounts payable | 47/48 | €152,800 | €135,200 | -€17,600 | -11.5% |
| Accrued charges and deferred income | 492/3 | €2,230 | €2,313 | +€82 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,979 | €71,186 | +€1,207 | +1.7% |
| Other operating charges | 640/8 | €4,892 | €5,658 | +€766 | +15.7% |
| Gross operating margin | 9900 | €20,857 | €37,077 | +€16,220 | +77.8% |
| Operating profit (loss) | 9901 | -€54,014 | -€39,768 | +€14,246 | +26.4% |
| Financial income | 75/76B | €2,112 | €8,089 | +€5,978 | +283.1% |
| Recurring financial income | 75 | €2,112 | €8,089 | +€5,978 | +283.1% |
| Financial charges | 65/66B | €409 | €564 | +€155 | +37.9% |
| Recurring financial charges | 65 | €409 | €564 | +€155 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | -€52,311 | -€32,242 | +€20,069 | +38.4% |
| Transfer from deferred taxes | 780 | €3,694 | €0 | -€3,694 | -100.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€48,617 | -€32,242 | +€16,375 | +33.7% |
| Transfer from tax-exempt reserves | 789 | €4,891 | €0 | -€4,891 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,726 | -€32,242 | +€11,484 | +26.3% |
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 2 October 2026 via checked.be.