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 -€314,964
down €314,964 (-93.3%), from €337,703 to €22,739
mainly Net result for the year (-€576,740) and Investment in fixed assets (net) (-€207,930)
- Tangible fixed assets -€212,496
down €212,496 (-2.4%), from €9.0m to €8.8m
of which Land and buildings: -€168,757
- Profit (loss) carried forward -€576,740
down €576,740 (-54.2%), from -€1.1m to -€1.6m
- Depreciation +€67,459
up €67,459 (+16.2%), from €417,207 to €484,666
- Gross operating margin -€58,831
down €58,831, from €25,407 to -€33,424
- Financial charges +€15,114
up €15,114 (+3277.6%), from €461 to €15,575
of which Non-recurring financial charges: +€15,059
- Financial income -€10,301
down €10,301 (-82.1%), from €12,552 to €2,251
- Staff costs +€1,447
up €1,447 (+3.9%), from €37,460 to €38,907
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 | €16,041,091 | €15,451,797 | -€589,293 | -3.7% |
| Fixed assets | 21/28 | €15,368,996 | €15,092,260 | -€276,735 | -1.8% |
| Tangible fixed assets | 22/27 | €9,042,259 | €8,829,763 | -€212,496 | -2.4% |
| Land and buildings | 22 | €7,962,324 | €7,793,567 | -€168,757 | -2.1% |
| Plant, machinery and equipment | 23 | €354,380 | €412,034 | +€57,654 | +16.3% |
| Furniture and vehicles | 24 | €521,308 | €419,963 | -€101,345 | -19.4% |
| Other tangible fixed assets | 26 | €204,248 | €204,199 | -€49 | 0.0% |
| Financial fixed assets | 28 | €6,326,736 | €6,262,497 | -€64,239 | -1.0% |
| Current assets | 29/58 | €672,095 | €359,537 | -€312,558 | -46.5% |
| Amounts receivable after more than one year | 29 | €154,500 | €117,000 | -€37,500 | -24.3% |
| Trade receivables | 290 | €154,500 | €117,000 | -€37,500 | -24.3% |
| Amounts receivable within one year | 40/41 | €173,988 | €214,600 | +€40,612 | +23.3% |
| Trade receivables | 40 | €163,459 | €214,600 | +€51,141 | +31.3% |
| Other amounts receivable | 41 | €10,529 | €0 | -€10,529 | -100.0% |
| Cash at bank and in hand | 54/58 | €337,703 | €22,739 | -€314,964 | -93.3% |
| Deferred charges and accrued income | 490/1 | €5,904 | €5,198 | -€706 | -12.0% |
| Total equity and liabilities | 10/49 | €16,041,091 | €15,451,797 | -€589,293 | -3.7% |
| Equity | 10/15 | €12,536,693 | €11,959,953 | -€576,740 | -4.6% |
| Contributions | 10/11 | €13,600,000 | €13,600,000 | = | 0.0% |
| Capital | 10 | €13,600,000 | €13,600,000 | = | 0.0% |
| Issued capital | 100 | €15,000,000 | €15,000,000 | = | 0.0% |
| Uncalled capital | 101 | €1,400,000 | €1,400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,063,307 | -€1,640,047 | -€576,740 | -54.2% |
| Amounts payable | 17/49 | €3,504,397 | €3,491,844 | -€12,553 | -0.4% |
| Amounts payable within one year | 42/48 | €3,504,397 | €3,490,344 | -€14,053 | -0.4% |
| Trade debts | 44 | €34,985 | €26,653 | -€8,332 | -23.8% |
| Suppliers | 440/4 | €34,985 | €26,653 | -€8,332 | -23.8% |
| Taxes, remuneration and social security | 45 | €53,915 | €45,371 | -€8,544 | -15.8% |
| Taxes | 450/3 | €48,736 | €42,077 | -€6,659 | -13.7% |
| Remuneration and social security | 454/9 | €5,180 | €3,294 | -€1,886 | -36.4% |
| Other amounts payable | 47/48 | €3,415,497 | €3,418,320 | +€2,823 | +0.1% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €37,460 | €38,907 | +€1,447 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €417,207 | €484,666 | +€67,459 | +16.2% |
| Other operating charges | 640/8 | €5,406 | €5,687 | +€282 | +5.2% |
| Gross operating margin | 9900 | €25,407 | -€33,424 | -€58,831 | |
| Operating profit (loss) | 9901 | -€434,666 | -€562,685 | -€128,019 | -29.5% |
| Financial income | 75/76B | €12,552 | €2,251 | -€10,301 | -82.1% |
| Recurring financial income | 75 | €12,552 | €2,251 | -€10,301 | -82.1% |
| Financial charges | 65/66B | €461 | €15,575 | +€15,114 | +3277.6% |
| Recurring financial charges | 65 | €461 | €516 | +€55 | +11.9% |
| Non-recurring financial charges | 66B | - | €15,059 | +€15,059 | |
| Profit (loss) for the period before taxes | 9903 | -€422,576 | -€576,010 | -€153,434 | -36.3% |
| Income taxes | 67/77 | €850 | €730 | -€120 | -14.1% |
| Profit (loss) for the period | 9904 | -€423,426 | -€576,740 | -€153,314 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€423,426 | -€576,740 | -€153,314 | -36.2% |
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 11 October 2026 via checked.be.