WEP: 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.
What changed
WEP
NACE 79.110, Travel agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€120,248
2024 · €591,397-€471,149
Equity
€1.1m
2024 · €955,305+€120,248
Cash
€556,563
2024 · €742,291-€185,728
Balance sheet total
€7.2m
2024 · €6.5m+€652,237
Largest movements
Assets
- Current investments -€1.4m
down €1.4m (-80.0%), from €1.7m to €338,660
- Receivables after one year +€1.3m
new in 2025: €1.3m
- Receivables within one year +€975,574
up €975,574 (+30.3%), from €3.2m to €4.2m
of which Trade receivables: +€806,293
- Cash -€185,728
down €185,728 (-25.0%), from €742,291 to €556,563
mainly Receivables after one year (-€1.3m) and Receivables within one year (-€975,574)
Equity and liabilities
- Advances received +€951,792
up €951,792 (+26.9%), from €3.5m to €4.5m
- Other debts -€639,132
down €639,132 (-73.3%), from €872,529 to €233,397
- Trade debts +€287,084
up €287,084 (+41.4%), from €693,917 to €981,000
- Profit (loss) carried forward +€120,248
up €120,248 (+13.6%), from €887,105 to €1.0m
Income statement
- Turnover +€482,047
up €482,047 (+4.4%), from €11.0m to €11.5m
- Goods and materials +€461,900
up €461,900 (+6.3%), from €7.3m to €7.8m
- Services and other goods +€198,253
up €198,253 (+8.8%), from €2.3m to €2.5m
- Taxes -€173,139
down €173,139 (-73.1%), from €236,949 to €63,811
- Staff costs +€139,274
up €139,274 (+9.3%), from €1.5m to €1.6m
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.
Result 2024
€591,397
Turnover
+€482,047
Other operating income
-€24,788
Goods and materials
-€461,900
Services and other goods
-€198,253
Staff costs
-€139,274
Depreciation
-€677
Other operating charges
-€972
Other operating items
-€226,636
Financial income
+€4,802
Financial charges
-€78,637
Taxes
+€173,139
Result 2025
€120,248
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.
From operations
-€1.5m
Investment
+€1.3m
Financing
-€6,312
Cash 2024
€742,291
From operations (derived)
-€1.5m
Net result for the year
+€120,248
Depreciation
+€37,258
Receivables after one year
-€1.3m
Receivables within one year
-€975,574
Deferred charges and accrued income
+€41,627
Trade debts
+€287,084
Tax, wage and social debts
-€61,875
Advances received
+€951,792
Other debts
-€639,132
Accrued charges and deferred income
+€432
Investment (derived)
+€1.3m
Investment in fixed assets (net)
-€26,112
Current investments
+€1.4m
Financing
-€6,312
Debts after one year
-€3,566
Current portion of long-term debt
-€2,746
Cash 2025
€556,563
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,520,475 | €7,172,712 | +€652,237 | +10.0% |
| Fixed assets | 21/28 | €87,136 | €75,991 | -€11,145 | -12.8% |
| Intangible fixed assets | 21 | €10,032 | €12,500 | +€2,468 | +24.6% |
| Tangible fixed assets | 22/27 | €76,604 | €62,991 | -€13,613 | -17.8% |
| Plant, machinery and equipment | 23 | €35,267 | €28,793 | -€6,474 | -18.4% |
| Furniture and vehicles | 24 | €41,337 | €34,198 | -€7,139 | -17.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €500 | €500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €6,433,339 | €7,096,721 | +€663,382 | +10.3% |
| Amounts receivable after more than one year | 29 | - | €1,266,267 | +€1.3m | |
| Other amounts receivable | 291 | - | €1,266,267 | +€1.3m | |
| Amounts receivable within one year | 40/41 | €3,223,079 | €4,198,652 | +€975,574 | +30.3% |
| Trade receivables | 40 | €3,157,531 | €3,963,824 | +€806,293 | +25.5% |
| Other amounts receivable | 41 | €65,547 | €234,828 | +€169,280 | +258.3% |
| Current investments | 50/53 | €1,689,763 | €338,660 | -€1.4m | -80.0% |
| Other investments | 51/53 | €1,689,763 | €338,660 | -€1.4m | -80.0% |
| Cash at bank and in hand | 54/58 | €742,291 | €556,563 | -€185,728 | -25.0% |
| Deferred charges and accrued income | 490/1 | €778,206 | €736,579 | -€41,627 | -5.3% |
| Total equity and liabilities | 10/49 | €6,520,475 | €7,172,712 | +€652,237 | +10.0% |
| Equity | 10/15 | €955,305 | €1,075,553 | +€120,248 | +12.6% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €887,105 | €1,007,353 | +€120,248 | +13.6% |
| Provisions and deferred taxes | 16 | €36,808 | €36,808 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €36,808 | €36,808 | = | 0.0% |
| Environmental obligations | 163 | €36,808 | €36,808 | = | 0.0% |
| Amounts payable | 17/49 | €5,528,361 | €6,060,350 | +€531,989 | +9.6% |
| Amounts payable after more than one year | 17 | €4,770 | €1,204 | -€3,566 | -74.8% |
| Financial debts | 170/4 | €4,770 | €1,204 | -€3,566 | -74.8% |
| Leasing and similar obligations | 172 | €4,770 | €1,204 | -€3,566 | -74.8% |
| Amounts payable within one year | 42/48 | €5,434,307 | €5,969,430 | +€535,123 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €6,312 | €3,566 | -€2,746 | -43.5% |
| Trade debts | 44 | €693,917 | €981,000 | +€287,084 | +41.4% |
| Suppliers | 440/4 | €693,917 | €981,000 | +€287,084 | +41.4% |
| Advances received on contracts in progress | 46 | €3,540,996 | €4,492,787 | +€951,792 | +26.9% |
| Taxes, remuneration and social security | 45 | €320,554 | €258,679 | -€61,875 | -19.3% |
| Taxes | 450/3 | €66,984 | - | -€66,984 | |
| Remuneration and social security | 454/9 | €253,570 | €258,679 | +€5,109 | +2.0% |
| Other amounts payable | 47/48 | €872,529 | €233,397 | -€639,132 | -73.3% |
| Accrued charges and deferred income | 492/3 | €89,284 | €89,717 | +€432 | +0.5% |
| Operating income | 70/76A | €11,910,990 | €12,369,041 | +€458,051 | +3.8% |
| Turnover | 70 | €11,018,951 | €11,500,998 | +€482,047 | +4.4% |
| Other operating income | 74 | €892,039 | €867,250 | -€24,788 | -2.8% |
| Non-recurring operating income | 76A | - | €792 | +€792 | |
| Operating charges | 60/66A | €11,140,459 | €12,168,963 | +€1.0m | +9.2% |
| Goods for resale, raw materials and consumables | 60 | €7,338,674 | €7,800,574 | +€461,900 | +6.3% |
| Purchases | 600/8 | €7,338,674 | €7,800,574 | +€461,900 | +6.3% |
| Services and other goods | 61 | €2,255,066 | €2,453,318 | +€198,253 | +8.8% |
| Remuneration, social security and pensions | 62 | €1,504,676 | €1,643,950 | +€139,274 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,580 | €37,258 | +€677 | +1.9% |
| Other operating charges | 640/8 | €2,413 | €3,385 | +€972 | +40.3% |
| Non-recurring operating charges | 66A | €3,050 | €230,479 | +€227,429 | +7456.8% |
| Operating profit (loss) | 9901 | €770,531 | €200,078 | -€570,454 | -74.0% |
| Financial income | 75/76B | €128,058 | €132,861 | +€4,802 | +3.8% |
| Recurring financial income | 75 | €128,058 | €132,861 | +€4,802 | +3.8% |
| Income from financial fixed assets | 750 | €918 | €2,450 | +€1,533 | +167.0% |
| Income from current assets | 751 | €93,383 | €60,363 | -€33,020 | -35.4% |
| Other financial income | 752/9 | €33,757 | €70,047 | +€36,290 | +107.5% |
| Financial charges | 65/66B | €70,243 | €148,880 | +€78,637 | +111.9% |
| Recurring financial charges | 65 | €70,243 | €148,880 | +€78,637 | +111.9% |
| Debt charges | 650 | €4,493 | €1 | -€4,492 | -100.0% |
| Other financial charges | 652/9 | €65,750 | €148,879 | +€83,129 | +126.4% |
| Profit (loss) for the period before taxes | 9903 | €828,347 | €184,059 | -€644,288 | -77.8% |
| Income taxes | 67/77 | €236,949 | €63,811 | -€173,139 | -73.1% |
| Taxes | 670/3 | €236,949 | €63,811 | -€173,139 | -73.1% |
| Profit (loss) for the period | 9904 | €591,397 | €120,248 | -€471,149 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €591,397 | €120,248 | -€471,149 | -79.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.