WEMA: 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.
WEMA
Largest movements
- Cash +€180,557
up €180,557 (+76.0%), from €237,497 to €418,054
mainly Net result for the year (+€140,729) and Current investments (+€125,000)
- Current investments -€125,000
down €125,000 (-71.4%), from €175,000 to €50,000
- Receivables within one year +€83,259
up €83,259 (+31.1%), from €267,360 to €350,619
of which Trade receivables: +€100,382
- Tangible fixed assets +€28,985
up €28,985 (+25.0%), from €116,006 to €144,991
of which Other tangible fixed assets: +€40,932
- Reserves +€120,729
up €120,729 (+21.3%), from €567,746 to €688,474
of which Distributable reserves: +€120,729
- Tax, wage and social debts +€56,595
up €56,595 (+93.5%), from €60,537 to €117,132
of which Taxes: +€37,642
- Trade debts -€31,721
down €31,721 (-28.1%), from €112,708 to €80,987
- Other debts +€20,000
up €20,000, from €0 to €20,000
- Gross operating margin +€241,284
up €241,284 (+60.7%), from €397,513 to €638,797
- Staff costs +€131,501
up €131,501 (+46.1%), from €285,159 to €416,660
- Taxes +€20,671
up €20,671 (+79.4%), from €26,029 to €46,700
- Depreciation +€7,683
up €7,683 (+24.4%), from €31,485 to €39,168
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 | €802,991 | €968,594 | +€165,603 | +20.6% |
| Fixed assets | 21/28 | €116,006 | €144,991 | +€28,985 | +25.0% |
| Tangible fixed assets | 22/27 | €116,006 | €144,991 | +€28,985 | +25.0% |
| Plant, machinery and equipment | 23 | €2,454 | €5,945 | +€3,491 | +142% |
| Furniture and vehicles | 24 | €111,353 | €95,914 | -€15,439 | -13.9% |
| Other tangible fixed assets | 26 | €2,199 | €43,132 | +€40,932 | +1,861% |
| Current assets | 29/58 | €686,985 | €823,603 | +€136,618 | +19.9% |
| Amounts receivable within one year | 40/41 | €267,360 | €350,619 | +€83,259 | +31.1% |
| Trade receivables | 40 | €249,979 | €350,361 | +€100,382 | +40.2% |
| Other amounts receivable | 41 | €17,381 | €257 | -€17,123 | -98.5% |
| Current investments | 50/53 | €175,000 | €50,000 | -€125,000 | -71.4% |
| Cash at bank and in hand | 54/58 | €237,497 | €418,054 | +€180,557 | +76.0% |
| Deferred charges and accrued income | 490/1 | €7,128 | €4,930 | -€2,198 | -30.8% |
| Total equity and liabilities | 10/49 | €802,991 | €968,594 | +€165,603 | +20.6% |
| Equity | 10/15 | €629,746 | €750,474 | +€120,729 | +19.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €567,746 | €688,474 | +€120,729 | +21.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €561,546 | €682,274 | +€120,729 | +21.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €173,245 | €218,119 | +€44,874 | +25.9% |
| Amounts payable within one year | 42/48 | €173,245 | €218,119 | +€44,874 | +25.9% |
| Trade debts | 44 | €112,708 | €80,987 | -€31,721 | -28.1% |
| Suppliers | 440/4 | €112,708 | €80,987 | -€31,721 | -28.1% |
| Taxes, remuneration and social security | 45 | €60,537 | €117,132 | +€56,595 | +93.5% |
| Taxes | 450/3 | €20,666 | €58,308 | +€37,642 | +182% |
| Remuneration and social security | 454/9 | €39,871 | €58,824 | +€18,953 | +47.5% |
| Other amounts payable | 47/48 | €0 | €20,000 | +€20,000 | |
| Non-recurring operating income | 76A | €5,611 | €0 | -€5,611 | -100% |
| Remuneration, social security and pensions | 62 | €285,159 | €416,660 | +€131,501 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,485 | €39,168 | +€7,683 | +24.4% |
| Other operating charges | 640/8 | €1,053 | €1,770 | +€717 | +68.1% |
| Gross operating margin | 9900 | €397,513 | €638,797 | +€241,284 | +60.7% |
| Operating profit (loss) | 9901 | €79,815 | €181,199 | +€101,384 | +127% |
| Financial income | 75/76B | €6,693 | €6,523 | -€170 | -2.5% |
| Recurring financial income | 75 | €6,693 | €6,523 | -€170 | -2.5% |
| Financial charges | 65/66B | €230 | €294 | +€64 | +27.6% |
| Recurring financial charges | 65 | €230 | €294 | +€64 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €86,278 | €187,429 | +€101,150 | +117% |
| Income taxes | 67/77 | €26,029 | €46,700 | +€20,671 | +79.4% |
| Profit (loss) for the period | 9904 | €60,250 | €140,729 | +€80,479 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €60,250 | €140,729 | +€80,479 | +134% |
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 17 October 2026 via checked.be.