WEM PROJECT: 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.
WEM PROJECT
Largest movements
- Receivables within one year +€3,459
up €3,459 (+90.4%), from €3,826 to €7,285
of which Other amounts receivable: +€1,926
- Deferred charges and accrued income -€1,818
down €1,818 (-34.4%), from €5,284 to €3,466
- Tangible fixed assets +€1,363
up €1,363 (+3,399%), from €40 to €1,404
- Tax, wage and social debts +€2,360
up €2,360 (+90.8%), from €2,599 to €4,959
- Reserves +€1,911
up €1,911 (+19.0%), from €10,050 to €11,961
- Trade debts -€1,349
down €1,349 (-63.0%), from €2,140 to €791
- Gross operating margin +€7,595
up €7,595, from -€361 to €7,234
- Taxes +€2,082
up €2,082 (+359%), from €580 to €2,662
- Depreciation -€290
down €290 (-78.5%), from €370 to €80
- Financial charges -€151
down €151 (-9.0%), from €1,679 to €1,528
- Financial income +€78
up €78 (+275%), from €28 to €106
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 | €20,989 | €23,911 | +€2,922 | +13.9% |
| Fixed assets | 21/28 | €40 | €1,404 | +€1,363 | +3,399% |
| Tangible fixed assets | 22/27 | €40 | €1,404 | +€1,363 | +3,399% |
| Furniture and vehicles | 24 | €40 | €1,404 | +€1,363 | +3,399% |
| Current assets | 29/58 | €20,949 | €22,508 | +€1,559 | +7.4% |
| Amounts receivable within one year | 40/41 | €3,826 | €7,285 | +€3,459 | +90.4% |
| Trade receivables | 40 | €2,829 | €4,361 | +€1,532 | +54.2% |
| Other amounts receivable | 41 | €997 | €2,924 | +€1,926 | +193% |
| Cash at bank and in hand | 54/58 | €11,839 | €11,757 | -€82 | -0.7% |
| Deferred charges and accrued income | 490/1 | €5,284 | €3,466 | -€1,818 | -34.4% |
| Total equity and liabilities | 10/49 | €20,989 | €23,911 | +€2,922 | +13.9% |
| Equity | 10/15 | €16,250 | €18,161 | +€1,911 | +11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,050 | €11,961 | +€1,911 | +19.0% |
| Distributable reserves | 133 | €10,050 | €11,961 | +€1,911 | +19.0% |
| Amounts payable | 17/49 | €4,739 | €5,750 | +€1,011 | +21.3% |
| Amounts payable within one year | 42/48 | €4,739 | €5,750 | +€1,011 | +21.3% |
| Trade debts | 44 | €2,140 | €791 | -€1,349 | -63.0% |
| Suppliers | 440/4 | €2,140 | €791 | -€1,349 | -63.0% |
| Taxes, remuneration and social security | 45 | €2,599 | €4,959 | +€2,360 | +90.8% |
| Taxes | 450/3 | €2,599 | €4,959 | +€2,360 | +90.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370 | €80 | -€290 | -78.5% |
| Other operating charges | 640/8 | €1,215 | €1,159 | -€56 | -4.6% |
| Gross operating margin | 9900 | -€361 | €7,234 | +€7,595 | |
| Operating profit (loss) | 9901 | -€1,946 | €5,995 | +€7,941 | |
| Financial income | 75/76B | €28 | €106 | +€78 | +275% |
| Recurring financial income | 75 | €28 | €106 | +€78 | +275% |
| Financial charges | 65/66B | €1,679 | €1,528 | -€151 | -9.0% |
| Recurring financial charges | 65 | €1,679 | €1,528 | -€151 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,596 | €4,573 | +€8,170 | |
| Income taxes | 67/77 | €580 | €2,662 | +€2,082 | +359% |
| Profit (loss) for the period | 9904 | -€4,176 | €1,911 | +€6,088 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,176 | €1,911 | +€6,088 |
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 23 October 2026 via checked.be.