WEM-VISION: 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-VISION
Largest movements
- Tangible fixed assets -€33,836
down €33,836 (-13.2%), from €256,724 to €222,889
- Cash +€7,536
up €7,536 (+47.2%), from €15,952 to €23,489
mainly Depreciation (+€54,745) and Net result for the year (+€10,972)
- Receivables within one year -€4,828
down €4,828 (-55.7%), from €8,664 to €3,836
of which Other amounts receivable: -€3,767
- Debts after one year -€21,058
down €21,058 (-19.2%), from €109,623 to €88,565
- Trade debts -€15,453
down €15,453 (-89.5%), from €17,261 to €1,808
- Other debts -€11,212
down €11,212 (-19.8%), from €56,614 to €45,403
- Reserves +€9,201
up €9,201 (+14.3%), from €64,300 to €73,501
of which Tax-exempt reserves: +€9,201
- Tax, wage and social debts +€6,321
up €6,321 (+299%), from €2,112 to €8,433
- Depreciation -€18,528
down €18,528 (-25.3%), from €73,273 to €54,745
- Gross operating margin -€7,980
down €7,980 (-9.4%), from €84,992 to €77,012
- Taxes +€3,822
up €3,822 (+799%), from €478 to €4,300
- Staff costs -€3,387
down €3,387 (-60.6%), from €5,588 to €2,201
- Financial charges -€2,342
down €2,342 (-43.8%), from €5,348 to €3,006
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 | €285,835 | €255,281 | -€30,553 | -10.7% |
| Fixed assets | 21/28 | €256,942 | €223,107 | -€33,836 | -13.2% |
| Tangible fixed assets | 22/27 | €256,724 | €222,889 | -€33,836 | -13.2% |
| Land and buildings | 22 | €110,236 | €98,531 | -€11,704 | -10.6% |
| Plant, machinery and equipment | 23 | €82,457 | €72,611 | -€9,846 | -11.9% |
| Furniture and vehicles | 24 | €64,031 | €51,746 | -€12,286 | -19.2% |
| Financial fixed assets | 28 | €218 | €218 | = | 0.0% |
| Current assets | 29/58 | €28,892 | €32,174 | +€3,282 | +11.4% |
| Amounts receivable within one year | 40/41 | €8,664 | €3,836 | -€4,828 | -55.7% |
| Trade receivables | 40 | €4,897 | €3,836 | -€1,061 | -21.7% |
| Other amounts receivable | 41 | €3,767 | - | -€3,767 | |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,952 | €23,489 | +€7,536 | +47.2% |
| Deferred charges and accrued income | 490/1 | €1,776 | €2,350 | +€574 | +32.3% |
| Total equity and liabilities | 10/49 | €285,835 | €255,281 | -€30,553 | -10.7% |
| Equity | 10/15 | €78,513 | €89,485 | +€10,972 | +14.0% |
| Contributions | 10/11 | €15,984 | €15,984 | = | 0.0% |
| Reserves | 13 | €64,300 | €73,501 | +€9,201 | +14.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,440 | €71,641 | +€9,201 | +14.7% |
| Profit (loss) carried forward | 14 | -€1,771 | €0 | +€1,771 | |
| Amounts payable | 17/49 | €207,322 | €165,796 | -€41,526 | -20.0% |
| Amounts payable after more than one year | 17 | €109,623 | €88,565 | -€21,058 | -19.2% |
| Financial debts | 170/4 | €109,623 | €88,565 | -€21,058 | -19.2% |
| Amounts payable within one year | 42/48 | €97,698 | €77,231 | -€20,467 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €21,711 | €21,588 | -€124 | -0.6% |
| Trade debts | 44 | €17,261 | €1,808 | -€15,453 | -89.5% |
| Suppliers | 440/4 | €17,261 | €1,808 | -€15,453 | -89.5% |
| Taxes, remuneration and social security | 45 | €2,112 | €8,433 | +€6,321 | +299% |
| Taxes | 450/3 | €2,112 | €8,433 | +€6,321 | +299% |
| Other amounts payable | 47/48 | €56,614 | €45,403 | -€11,212 | -19.8% |
| Remuneration, social security and pensions | 62 | €5,588 | €2,201 | -€3,387 | -60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,273 | €54,745 | -€18,528 | -25.3% |
| Other operating charges | 640/8 | €2,653 | €1,795 | -€858 | -32.3% |
| Gross operating margin | 9900 | €84,992 | €77,012 | -€7,980 | -9.4% |
| Operating profit (loss) | 9901 | €3,477 | €18,271 | +€14,793 | +425% |
| Financial income | 75/76B | €19 | €8 | -€11 | -59.8% |
| Recurring financial income | 75 | €19 | €8 | -€11 | -59.8% |
| Financial charges | 65/66B | €5,348 | €3,006 | -€2,342 | -43.8% |
| Recurring financial charges | 65 | €5,348 | €3,006 | -€2,342 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,852 | €15,272 | +€17,124 | |
| Income taxes | 67/77 | €478 | €4,300 | +€3,822 | +799% |
| Profit (loss) for the period | 9904 | -€2,330 | €10,972 | +€13,302 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,330 | €10,972 | +€13,302 |
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 19 October 2026 via checked.be.