WEMA: 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.
WEMA
Largest movements
- Cash -€165,403
down €165,403 (-44.4%), from €372,224 to €206,821
mainly Net result for the year (-€318,168) and Receivables within one year (-€7,017)
- Tangible fixed assets -€46,756
down €46,756 (-27.6%), from €169,621 to €122,865
of which Other tangible fixed assets: -€33,602
- Receivables within one year +€7,017
up €7,017 (+38.0%), from €18,469 to €25,487
of which Trade receivables: +€6,899
- Profit (loss) carried forward -€209,194
new in 2025: -€209,194
- Trade debts +€110,812
up €110,812 (+112.1%), from €98,857 to €209,668
- Reserves -€108,974
down €108,974 (-32.3%), from €337,112 to €228,139
- Accrued charges and deferred income +€9,018
up €9,018 (+9588.9%), from €94 to €9,112
- Gross operating margin -€310,752
down €310,752, from €306,504 to -€4,248
- Staff costs +€14,738
up €14,738 (+6.5%), from €225,028 to €239,765
- Depreciation -€7,403
down €7,403 (-13.7%), from €54,159 to €46,756
- Other operating charges +€6,404
up €6,404 (+76.7%), from €8,345 to €14,750
- Taxes +€4,897
up €4,897 (+57.5%), from €8,513 to €13,410
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.
Cash bridge derived
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 | €645,495 | €439,469 | -€206,026 | -31.9% |
| Fixed assets | 21/28 | €245,121 | €198,365 | -€46,756 | -19.1% |
| Tangible fixed assets | 22/27 | €169,621 | €122,865 | -€46,756 | -27.6% |
| Plant, machinery and equipment | 23 | €609 | €445 | -€164 | -26.9% |
| Furniture and vehicles | 24 | €47,355 | €34,365 | -€12,990 | -27.4% |
| Other tangible fixed assets | 26 | €121,657 | €88,055 | -€33,602 | -27.6% |
| Financial fixed assets | 28 | €75,500 | €75,500 | = | 0.0% |
| Current assets | 29/58 | €400,374 | €241,104 | -€159,270 | -39.8% |
| Amounts receivable within one year | 40/41 | €18,469 | €25,487 | +€7,017 | +38.0% |
| Trade receivables | 40 | €18,469 | €25,368 | +€6,899 | +37.4% |
| Other amounts receivable | 41 | - | €119 | +€119 | |
| Cash at bank and in hand | 54/58 | €372,224 | €206,821 | -€165,403 | -44.4% |
| Deferred charges and accrued income | 490/1 | €9,681 | €8,796 | -€884 | -9.1% |
| Total equity and liabilities | 10/49 | €645,495 | €439,469 | -€206,026 | -31.9% |
| Equity | 10/15 | €513,181 | €195,013 | -€318,168 | -62.0% |
| Contributions | 10/11 | €176,069 | €176,069 | = | 0.0% |
| Reserves | 13 | €337,112 | €228,139 | -€108,974 | -32.3% |
| Distributable reserves | 133 | €337,112 | €228,139 | -€108,974 | -32.3% |
| Profit (loss) carried forward | 14 | - | -€209,194 | -€209,194 | |
| Amounts payable | 17/49 | €132,315 | €244,456 | +€112,142 | +84.8% |
| Amounts payable within one year | 42/48 | €132,221 | €235,344 | +€103,123 | +78.0% |
| Trade debts | 44 | €98,857 | €209,668 | +€110,812 | +112.1% |
| Suppliers | 440/4 | €98,857 | €209,668 | +€110,812 | +112.1% |
| Taxes, remuneration and social security | 45 | €30,480 | €25,676 | -€4,804 | -15.8% |
| Taxes | 450/3 | €8,305 | €7,919 | -€386 | -4.6% |
| Remuneration and social security | 454/9 | €22,175 | €17,756 | -€4,418 | -19.9% |
| Other amounts payable | 47/48 | €2,884 | €0 | -€2,884 | -100.0% |
| Accrued charges and deferred income | 492/3 | €94 | €9,112 | +€9,018 | +9588.9% |
| Remuneration, social security and pensions | 62 | €225,028 | €239,765 | +€14,738 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,159 | €46,756 | -€7,403 | -13.7% |
| Other operating charges | 640/8 | €8,345 | €14,750 | +€6,404 | +76.7% |
| Gross operating margin | 9900 | €306,504 | -€4,248 | -€310,752 | |
| Operating profit (loss) | 9901 | €18,972 | -€305,519 | -€324,491 | |
| Financial income | 75/76B | €1,759 | €981 | -€777 | -44.2% |
| Recurring financial income | 75 | €1,759 | €981 | -€777 | -44.2% |
| Financial charges | 65/66B | €259 | €219 | -€39 | -15.1% |
| Recurring financial charges | 65 | €259 | €219 | -€39 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €20,473 | -€304,757 | -€325,230 | |
| Income taxes | 67/77 | €8,513 | €13,410 | +€4,897 | +57.5% |
| Profit (loss) for the period | 9904 | €11,960 | -€318,168 | -€330,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,960 | -€318,168 | -€330,127 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.