Wemu: 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.
Wemu
Largest movements
- Current investments -€208,005
down €208,005 (-20.5%), from €1.0m to €805,946
- Cash -€13,166
down €13,166 (-14.3%), from €91,998 to €78,832
mainly Contributions, distributions and other (-€300,154) and Investment in fixed assets (net) (-€7,934)
- Reserves -€242,377
down €242,377 (-34.0%), from €711,991 to €469,615
of which Distributable reserves: -€242,377
- Accrued charges and deferred income +€21,995
up €21,995 (+4.9%), from €444,457 to €466,452
- Financial income +€32,265
up €32,265 (+1921.0%), from €1,680 to €33,945
- Gross operating margin +€12,636
up €12,636 (+28.1%), from €44,933 to €57,568
- Taxes +€10,660
up €10,660 (+90.3%), from €11,799 to €22,459
- Depreciation +€1,009
up €1,009 (+16.8%), from €6,005 to €7,014
- Other operating charges +€706
up €706 (+20.3%), from €3,472 to €4,178
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 | €1,193,961 | €974,631 | -€219,330 | -18.4% |
| Fixed assets | 21/28 | €70,324 | €71,244 | +€920 | +1.3% |
| Tangible fixed assets | 22/27 | €69,085 | €70,005 | +€920 | +1.3% |
| Land and buildings | 22 | €69,085 | €62,953 | -€6,132 | -8.9% |
| Plant, machinery and equipment | 23 | - | €7,052 | +€7,052 | |
| Financial fixed assets | 28 | €1,239 | €1,239 | = | 0.0% |
| Current assets | 29/58 | €1,123,636 | €903,387 | -€220,249 | -19.6% |
| Amounts receivable within one year | 40/41 | €16,977 | €14,537 | -€2,441 | -14.4% |
| Other amounts receivable | 41 | €16,977 | €14,537 | -€2,441 | -14.4% |
| Current investments | 50/53 | €1,013,952 | €805,946 | -€208,005 | -20.5% |
| Cash at bank and in hand | 54/58 | €91,998 | €78,832 | -€13,166 | -14.3% |
| Deferred charges and accrued income | 490/1 | €709 | €4,071 | +€3,362 | +474.1% |
| Total equity and liabilities | 10/49 | €1,193,961 | €974,631 | -€219,330 | -18.4% |
| Equity | 10/15 | €742,978 | €500,601 | -€242,377 | -32.6% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €711,991 | €469,615 | -€242,377 | -34.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €705,794 | €463,417 | -€242,377 | -34.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €450,982 | €474,029 | +€23,047 | +5.1% |
| Amounts payable within one year | 42/48 | €6,525 | €7,578 | +€1,053 | +16.1% |
| Taxes, remuneration and social security | 45 | €2,528 | €5,778 | +€3,249 | +128.5% |
| Taxes | 450/3 | €2,528 | €5,778 | +€3,249 | +128.5% |
| Other amounts payable | 47/48 | €3,997 | €1,800 | -€2,197 | -55.0% |
| Accrued charges and deferred income | 492/3 | €444,457 | €466,452 | +€21,995 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,005 | €7,014 | +€1,009 | +16.8% |
| Other operating charges | 640/8 | €3,472 | €4,178 | +€706 | +20.3% |
| Gross operating margin | 9900 | €44,933 | €57,568 | +€12,636 | +28.1% |
| Operating profit (loss) | 9901 | €35,456 | €46,376 | +€10,920 | +30.8% |
| Financial income | 75/76B | €1,680 | €33,945 | +€32,265 | +1921.0% |
| Recurring financial income | 75 | €1,680 | €33,945 | +€32,265 | +1921.0% |
| Financial charges | 65/66B | €53 | €85 | +€32 | +60.1% |
| Recurring financial charges | 65 | €53 | €85 | +€32 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €37,082 | €80,236 | +€43,154 | +116.4% |
| Income taxes | 67/77 | €11,799 | €22,459 | +€10,660 | +90.3% |
| Profit (loss) for the period | 9904 | €25,283 | €57,778 | +€32,494 | +128.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,283 | €57,778 | +€32,494 | +128.5% |
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 6 October 2026 via checked.be.