WEMAIN: 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.
WEMAIN
Largest movements
- Receivables within one year -€20,029
down €20,029 (-14.7%), from €135,792 to €115,763
of which Trade receivables: -€14,380
- Tangible fixed assets -€7,816
down €7,816 (-19.3%), from €40,467 to €32,651
of which Leasing and similar rights: -€12,051
- Cash +€7,379
up €7,379 (+77.2%), from €9,554 to €16,933
mainly Net result for the year (+€26,890) and Receivables within one year (+€20,029)
- Other debts -€34,826
down €34,826 (-75.6%), from €46,089 to €11,263
- Profit (loss) carried forward +€19,731
up €19,731, from -€19,731 to €0
- Debts after one year -€12,357
down €12,357 (-47.3%), from €26,144 to €13,787
- Reserves +€7,159
up €7,159 (+2.4%), from €297,004 to €304,163
of which Distributable reserves: +€7,159
- Gross operating margin +€13,857
up €13,857 (+37.2%), from €37,213 to €51,070
- Taxes +€5,147
up €5,147 (+107%), from €4,832 to €9,979
- Depreciation +€1,564
up €1,564 (+12.3%), from €12,714 to €14,278
- Financial income +€1,419
up €1,419 (+85.2%), from €1,665 to €3,085
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 | €391,371 | €371,691 | -€19,680 | -5.0% |
| Fixed assets | 21/28 | €64,967 | €57,151 | -€7,816 | -12.0% |
| Tangible fixed assets | 22/27 | €40,467 | €32,651 | -€7,816 | -19.3% |
| Plant, machinery and equipment | 23 | €0 | €4,431 | +€4,431 | |
| Furniture and vehicles | 24 | €2,796 | €2,600 | -€196 | -7.0% |
| Leasing and similar rights | 25 | €37,671 | €25,620 | -€12,051 | -32.0% |
| Financial fixed assets | 28 | €24,500 | €24,500 | = | 0.0% |
| Current assets | 29/58 | €326,404 | €314,540 | -€11,864 | -3.6% |
| Amounts receivable within one year | 40/41 | €135,792 | €115,763 | -€20,029 | -14.7% |
| Trade receivables | 40 | €122,887 | €108,506 | -€14,380 | -11.7% |
| Other amounts receivable | 41 | €12,905 | €7,257 | -€5,649 | -43.8% |
| Current investments | 50/53 | €178,250 | €181,250 | +€3,000 | +1.7% |
| Cash at bank and in hand | 54/58 | €9,554 | €16,933 | +€7,379 | +77.2% |
| Deferred charges and accrued income | 490/1 | €2,807 | €594 | -€2,214 | -78.8% |
| Total equity and liabilities | 10/49 | €391,371 | €371,691 | -€19,680 | -5.0% |
| Equity | 10/15 | €295,873 | €322,763 | +€26,890 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €297,004 | €304,163 | +€7,159 | +2.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €295,144 | €302,303 | +€7,159 | +2.4% |
| Profit (loss) carried forward | 14 | -€19,731 | €0 | +€19,731 | |
| Amounts payable | 17/49 | €95,498 | €48,928 | -€46,570 | -48.8% |
| Amounts payable after more than one year | 17 | €26,144 | €13,787 | -€12,357 | -47.3% |
| Financial debts | 170/4 | €26,144 | €13,787 | -€12,357 | -47.3% |
| Amounts payable within one year | 42/48 | €69,354 | €35,142 | -€34,213 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €12,013 | €12,357 | +€344 | +2.9% |
| Financial debts | 43 | €20 | €3,913 | +€3,893 | +19,484% |
| Credit institutions | 430/8 | €20 | €3,913 | +€3,893 | +19,484% |
| Trade debts | 44 | €1,022 | €0 | -€1,022 | -100% |
| Suppliers | 440/4 | €1,022 | €0 | -€1,022 | -100% |
| Taxes, remuneration and social security | 45 | €10,210 | €7,608 | -€2,601 | -25.5% |
| Taxes | 450/3 | €10,210 | €7,608 | -€2,601 | -25.5% |
| Other amounts payable | 47/48 | €46,089 | €11,263 | -€34,826 | -75.6% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,714 | €14,278 | +€1,564 | +12.3% |
| Other operating charges | 640/8 | €1,400 | €1,445 | +€45 | +3.2% |
| Gross operating margin | 9900 | €37,213 | €51,070 | +€13,857 | +37.2% |
| Operating profit (loss) | 9901 | €23,100 | €35,347 | +€12,247 | +53.0% |
| Financial income | 75/76B | €1,665 | €3,085 | +€1,419 | +85.2% |
| Recurring financial income | 75 | €1,665 | €3,085 | +€1,419 | +85.2% |
| Financial charges | 65/66B | €2,065 | €1,563 | -€503 | -24.3% |
| Recurring financial charges | 65 | €2,065 | €1,563 | -€503 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €22,700 | €36,869 | +€14,169 | +62.4% |
| Income taxes | 67/77 | €4,832 | €9,979 | +€5,147 | +107% |
| Profit (loss) for the period | 9904 | €17,867 | €26,890 | +€9,023 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,867 | €26,890 | +€9,023 | +50.5% |
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 20 October 2026 via checked.be.