Wehold: 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.
What changed
Wehold
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€66.7m
2024 · €45.0m+€21.7m
Equity
€1.15bn
2024 · €1.15bn+€685,219
Cash
€1.9m
2024 · €2.2m-€336,730
Balance sheet total
€1.15bn
2024 · €1.15bn-€388,907
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income +€21.4m
up €21.4m (+46.9%), from €45.6m to €67.0m
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.
Result 2024
€45.0m
Other operating charges
-€1,400
Other operating items
-€95,155
Financial income
+€21.4m
Financial charges
+€1,982
Taxes
+€395,426
Result 2025
€66.7m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€65.7m
Investment
€0
Financing
-€66.0m
Cash 2024
€2.2m
From operations (derived)
+€65.7m
Net result for the year
+€66.7m
Smaller working-capital items
+€32,050
Other debts
-€1.1m
Financing
-€66.0m
Contributions, distributions and other
-€66.0m
Cash 2025
€1.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,148,511,320 | €1,148,122,413 | -€388,907 | 0.0% |
| Fixed assets | 21/28 | €1,140,595,665 | €1,140,595,665 | = | 0.0% |
| Financial fixed assets | 28 | €1,140,595,665 | €1,140,595,665 | = | 0.0% |
| Affiliated companies | 280/1 | €1,139,014,665 | €1,139,014,665 | = | 0.0% |
| Participating interests | 280 | €1,139,014,665 | €1,139,014,665 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €1,581,000 | €1,581,000 | = | 0.0% |
| Participating interests | 282 | €1,581,000 | €1,581,000 | = | 0.0% |
| Current assets | 29/58 | €7,915,655 | €7,526,748 | -€388,907 | -4.9% |
| Amounts receivable within one year | 40/41 | €5,680,712 | €5,657,151 | -€23,560 | -0.4% |
| Other amounts receivable | 41 | €5,680,712 | €5,657,151 | -€23,560 | -0.4% |
| Cash at bank and in hand | 54/58 | €2,203,484 | €1,866,753 | -€336,730 | -15.3% |
| Deferred charges and accrued income | 490/1 | €31,460 | €2,844 | -€28,617 | -91.0% |
| Total equity and liabilities | 10/49 | €1,148,511,320 | €1,148,122,413 | -€388,907 | 0.0% |
| Equity | 10/15 | €1,147,126,429 | €1,147,811,648 | +€685,219 | +0.1% |
| Contributions | 10/11 | €1,092,034,250 | €1,092,034,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,092,179 | €55,777,398 | +€685,219 | +1.2% |
| Amounts payable | 17/49 | €1,384,891 | €310,765 | -€1.1m | -77.6% |
| Amounts payable within one year | 42/48 | €1,384,891 | €310,765 | -€1.1m | -77.6% |
| Trade debts | 44 | €34,907 | €14,781 | -€20,127 | -57.7% |
| Suppliers | 440/4 | €34,907 | €14,781 | -€20,127 | -57.7% |
| Taxes, remuneration and social security | 45 | €295,984 | €295,984 | = | 0.0% |
| Taxes | 450/3 | €295,984 | €295,984 | = | 0.0% |
| Other amounts payable | 47/48 | €1,054,000 | - | -€1.1m | |
| Operating charges | 60/66A | €232,543 | €329,098 | +€96,555 | +41.5% |
| Services and other goods | 61 | €231,664 | €326,820 | +€95,155 | +41.1% |
| Other operating charges | 640/8 | €879 | €2,279 | +€1,400 | +159% |
| Operating profit (loss) | 9901 | -€232,543 | -€329,098 | -€96,555 | -41.5% |
| Financial income | 75/76B | €45,616,415 | €67,014,503 | +€21.4m | +46.9% |
| Recurring financial income | 75 | €45,616,415 | €67,014,503 | +€21.4m | +46.9% |
| Income from financial fixed assets | 750 | €43,800,000 | €66,900,000 | +€23.1m | +52.7% |
| Income from current assets | 751 | €1,816,415 | €114,503 | -€1.7m | -93.7% |
| Financial charges | 65/66B | €2,167 | €185 | -€1,982 | -91.4% |
| Recurring financial charges | 65 | €2,167 | €185 | -€1,982 | -91.4% |
| Debt charges | 650 | €2,017 | €14 | -€2,003 | -99.3% |
| Other financial charges | 652/9 | €150 | €171 | +€21 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €45,381,705 | €66,685,219 | +€21.3m | +46.9% |
| Income taxes | 67/77 | €395,426 | - | -€395,426 | |
| Taxes | 670/3 | €395,426 | - | -€395,426 | |
| Profit (loss) for the period | 9904 | €44,986,278 | €66,685,219 | +€21.7m | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,986,278 | €66,685,219 | +€21.7m | +48.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.