WEGO: what changed
Two financial 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.
WEGO
Largest movements
- Cash +€106,220
up €106,220 (+99.0%), from €107,309 to €213,530
mainly Other debts (+€98,691) and Net result for the year (+€89,940)
- Tangible fixed assets -€46,937
down €46,937 (-7.9%), from €593,097 to €546,160
- Receivables within one year +€8,890
up €8,890 (+21.0%), from €42,377 to €51,267
of which Trade receivables: +€10,995
- Other debts +€98,691
up €98,691 (+422%), from €23,386 to €122,077
- Contributions -€75,248
down €75,248 (-75.1%), from €100,248 to €25,000
- Reserves +€53,515
up €53,515 (+17.7%), from €302,771 to €356,285
of which Distributable reserves: +€53,830
- Debts after one year -€28,720
down €28,720 (-13.6%), from €211,004 to €182,284
of which Financial debts: -€26,020
- Trade debts +€25,693
up €25,693 (+53.6%), from €47,949 to €73,642
- Gross operating margin +€36,345
up €36,345 (+12.1%), from €299,439 to €335,784
- Staff costs +€34,117
up €34,117 (+31.6%), from €108,005 to €142,123
- Depreciation +€5,277
up €5,277 (+10.3%), from €51,053 to €56,330
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.
Derived cash bridge
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 | €754,581 | €824,913 | +€70,331 | +9.3% |
| Fixed assets | 21/28 | €593,097 | €546,160 | -€46,937 | -7.9% |
| Tangible fixed assets | 22/27 | €593,097 | €546,160 | -€46,937 | -7.9% |
| Land and buildings | 22 | €359,183 | €345,714 | -€13,469 | -3.7% |
| Plant, machinery and equipment | 23 | €160,018 | €142,782 | -€17,236 | -10.8% |
| Furniture and vehicles | 24 | €73,896 | €57,664 | -€16,232 | -22.0% |
| Current assets | 29/58 | €161,485 | €278,753 | +€117,268 | +72.6% |
| Stocks and contracts in progress | 3 | €6,768 | €8,832 | +€2,063 | +30.5% |
| Stocks | 30/36 | €6,768 | €8,832 | +€2,063 | +30.5% |
| Amounts receivable within one year | 40/41 | €42,377 | €51,267 | +€8,890 | +21.0% |
| Trade receivables | 40 | €39,202 | €50,197 | +€10,995 | +28.0% |
| Other amounts receivable | 41 | €3,175 | €1,070 | -€2,105 | -66.3% |
| Cash at bank and in hand | 54/58 | €107,309 | €213,530 | +€106,220 | +99.0% |
| Deferred charges and accrued income | 490/1 | €5,030 | €5,124 | +€94 | +1.9% |
| Total equity and liabilities | 10/49 | €754,581 | €824,913 | +€70,331 | +9.3% |
| Equity | 10/15 | €403,018 | €381,285 | -€21,733 | -5.4% |
| Contributions | 10/11 | €100,248 | €25,000 | -€75,248 | -75.1% |
| Reserves | 13 | €302,771 | €356,285 | +€53,515 | +17.7% |
| Tax-exempt reserves | 132 | €2,527 | €2,211 | -€316 | -12.5% |
| Distributable reserves | 133 | €300,244 | €354,075 | +€53,830 | +17.9% |
| Provisions and deferred taxes | 16 | €1,368 | €1,289 | -€79 | -5.8% |
| Provisions for liabilities and charges | 160/5 | €737 | €737 | = | 0.0% |
| Other liabilities and charges | 164/5 | €737 | €737 | = | 0.0% |
| Deferred taxes | 168 | €632 | €553 | -€79 | -12.5% |
| Amounts payable | 17/49 | €350,195 | €442,338 | +€92,143 | +26.3% |
| Amounts payable after more than one year | 17 | €211,004 | €182,284 | -€28,720 | -13.6% |
| Financial debts | 170/4 | €26,020 | - | -€26,020 | |
| Other amounts payable | 178/9 | €184,984 | €182,284 | -€2,700 | -1.5% |
| Amounts payable within one year | 42/48 | €139,191 | €260,054 | +€120,863 | +86.8% |
| Financial debts | 43 | €34,813 | €26,016 | -€8,797 | -25.3% |
| Credit institutions | 430/8 | €34,813 | €26,016 | -€8,797 | -25.3% |
| Trade debts | 44 | €47,949 | €73,642 | +€25,693 | +53.6% |
| Suppliers | 440/4 | €47,949 | €73,642 | +€25,693 | +53.6% |
| Taxes, remuneration and social security | 45 | €33,044 | €38,320 | +€5,276 | +16.0% |
| Taxes | 450/3 | €23,638 | €21,928 | -€1,710 | -7.2% |
| Remuneration and social security | 454/9 | €9,406 | €16,391 | +€6,986 | +74.3% |
| Other amounts payable | 47/48 | €23,386 | €122,077 | +€98,691 | +422% |
| Remuneration, social security and pensions | 62 | €108,005 | €142,123 | +€34,117 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,053 | €56,330 | +€5,277 | +10.3% |
| Other operating charges | 640/8 | €4,898 | €4,220 | -€678 | -13.9% |
| Gross operating margin | 9900 | €299,439 | €335,784 | +€36,345 | +12.1% |
| Operating profit (loss) | 9901 | €135,483 | €133,112 | -€2,370 | -1.7% |
| Financial income | 75/76B | €618 | €1,441 | +€823 | +133% |
| Recurring financial income | 75 | €618 | €1,441 | +€823 | +133% |
| Financial charges | 65/66B | €3,456 | €2,314 | -€1,143 | -33.1% |
| Recurring financial charges | 65 | €3,456 | €2,314 | -€1,143 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €132,645 | €132,239 | -€405 | -0.3% |
| Transfer from deferred taxes | 780 | €79 | €79 | = | 0.0% |
| Income taxes | 67/77 | €41,682 | €42,378 | +€696 | +1.7% |
| Profit (loss) for the period | 9904 | €91,041 | €89,940 | -€1,101 | -1.2% |
| Transfer from tax-exempt reserves | 789 | €316 | €316 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,357 | €90,256 | -€1,101 | -1.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.