WEMAX: 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.
WEMAX
Largest movements
- Cash +€10,184
up €10,184 (+5,987%), from €170 to €10,354
mainly Net result for the year (+€17,910) and Current portion of long-term debt (+€9,000)
- Receivables within one year -€7,304
down €7,304 (-12.7%), from €57,713 to €50,409
of which Trade receivables: -€9,587
- Reserves +€17,910
up €17,910 (+10.7%), from €167,745 to €185,655
- Tax, wage and social debts -€12,715
down €12,715 (-70.8%), from €17,949 to €5,234
of which Taxes: -€10,715
- Current portion of long-term debt +€9,000
new in 2025: €9,000
- Debts after one year -€5,450
down €5,450 (-27.7%), from €19,691 to €14,241
- Other debts -€4,170
down €4,170 (-46.1%), from €9,048 to €4,878
- Gross operating margin +€298
up €298 (+1.2%), from €24,861 to €25,159
- Taxes -€274
down €274 (-3.9%), from €6,990 to €6,716
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 | €224,646 | €227,407 | +€2,762 | +1.2% |
| Fixed assets | 21/28 | €166,154 | €166,154 | = | 0.0% |
| Financial fixed assets | 28 | €166,154 | €166,154 | = | 0.0% |
| Current assets | 29/58 | €58,492 | €61,254 | +€2,762 | +4.7% |
| Amounts receivable within one year | 40/41 | €57,713 | €50,409 | -€7,304 | -12.7% |
| Trade receivables | 40 | €57,713 | €48,125 | -€9,587 | -16.6% |
| Other amounts receivable | 41 | - | €2,284 | +€2,284 | |
| Cash at bank and in hand | 54/58 | €170 | €10,354 | +€10,184 | +5,987% |
| Deferred charges and accrued income | 490/1 | €609 | €490 | -€118 | -19.5% |
| Total equity and liabilities | 10/49 | €224,646 | €227,407 | +€2,762 | +1.2% |
| Equity | 10/15 | €173,945 | €191,855 | +€17,910 | +10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €167,745 | €185,655 | +€17,910 | +10.7% |
| Distributable reserves | 133 | €167,745 | €185,655 | +€17,910 | +10.7% |
| Amounts payable | 17/49 | €50,701 | €35,552 | -€15,149 | -29.9% |
| Amounts payable after more than one year | 17 | €19,691 | €14,241 | -€5,450 | -27.7% |
| Financial debts | 170/4 | €19,691 | €14,241 | -€5,450 | -27.7% |
| Amounts payable within one year | 42/48 | €28,812 | €21,102 | -€7,710 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,000 | +€9,000 | |
| Trade debts | 44 | €1,815 | €1,990 | +€175 | +9.6% |
| Suppliers | 440/4 | €1,815 | €1,990 | +€175 | +9.6% |
| Taxes, remuneration and social security | 45 | €17,949 | €5,234 | -€12,715 | -70.8% |
| Taxes | 450/3 | €15,949 | €5,234 | -€10,715 | -67.2% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €9,048 | €4,878 | -€4,170 | -46.1% |
| Accrued charges and deferred income | 492/3 | €2,197 | €209 | -€1,988 | -90.5% |
| Other operating charges | 640/8 | - | €233 | +€233 | |
| Gross operating margin | 9900 | €24,861 | €25,159 | +€298 | +1.2% |
| Operating profit (loss) | 9901 | €24,861 | €24,926 | +€65 | +0.3% |
| Financial income | 75/76B | €49 | €35 | -€14 | -29.4% |
| Recurring financial income | 75 | €49 | €35 | -€14 | -29.4% |
| Financial charges | 65/66B | €383 | €334 | -€49 | -12.7% |
| Recurring financial charges | 65 | €383 | €334 | -€49 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €24,527 | €24,627 | +€99 | +0.4% |
| Income taxes | 67/77 | €6,990 | €6,716 | -€274 | -3.9% |
| Profit (loss) for the period | 9904 | €17,537 | €17,910 | +€373 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,537 | €17,910 | +€373 | +2.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.