WEP: 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.
WEP
Largest movements
- Cash -€16,467
down €16,467 (-70.3%), from €23,425 to €6,958
mainly Net result for the year (-€27,867) and Other debts (-€63)
- Receivables within one year -€5,571
down €5,571 (-15.6%), from €35,623 to €30,052
of which Other amounts receivable: -€9,181
- Deferred charges and accrued income -€3,479
down €3,479 (-37.7%), from €9,227 to €5,748
- Profit (loss) carried forward -€27,867
down €27,867 (-48.5%), from €57,419 to €29,552
- Trade debts +€1,761
up €1,761 (+45.3%), from €3,890 to €5,651
- Gross operating margin -€55,819
down €55,819, from €32,589 to -€23,230
- Staff costs -€39,956
down €39,956 (-100%), from €39,956 to €0
- Financial charges +€2,909
up €2,909 (+711%), from €409 to €3,319
- Other operating charges -€638
down €638 (-49.8%), from €1,282 to €644
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 | €69,926 | €43,996 | -€25,930 | -37.1% |
| Fixed assets | 21/28 | €1,651 | €1,238 | -€413 | -25.0% |
| Tangible fixed assets | 22/27 | €1,621 | €1,238 | -€383 | -23.6% |
| Furniture and vehicles | 24 | €1,621 | €1,238 | -€383 | -23.6% |
| Financial fixed assets | 28 | €30 | €0 | -€30 | -100% |
| Current assets | 29/58 | €68,275 | €42,757 | -€25,518 | -37.4% |
| Amounts receivable within one year | 40/41 | €35,623 | €30,052 | -€5,571 | -15.6% |
| Trade receivables | 40 | €23,417 | €27,026 | +€3,610 | +15.4% |
| Other amounts receivable | 41 | €12,206 | €3,025 | -€9,181 | -75.2% |
| Cash at bank and in hand | 54/58 | €23,425 | €6,958 | -€16,467 | -70.3% |
| Deferred charges and accrued income | 490/1 | €9,227 | €5,748 | -€3,479 | -37.7% |
| Total equity and liabilities | 10/49 | €69,926 | €43,996 | -€25,930 | -37.1% |
| Equity | 10/15 | €64,706 | €36,839 | -€27,867 | -43.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,088 | €1,088 | = | 0.0% |
| Distributable reserves | 133 | €1,088 | €1,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,419 | €29,552 | -€27,867 | -48.5% |
| Amounts payable | 17/49 | €5,220 | €7,156 | +€1,937 | +37.1% |
| Amounts payable within one year | 42/48 | €5,220 | €6,917 | +€1,698 | +32.5% |
| Trade debts | 44 | €3,890 | €5,651 | +€1,761 | +45.3% |
| Suppliers | 440/4 | €3,890 | €5,651 | +€1,761 | +45.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,330 | €1,266 | -€63 | -4.8% |
| Accrued charges and deferred income | 492/3 | - | €239 | +€239 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €39,956 | €0 | -€39,956 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €293 | €383 | +€90 | +30.7% |
| Other operating charges | 640/8 | €1,282 | €644 | -€638 | -49.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €32,589 | -€23,230 | -€55,819 | |
| Operating profit (loss) | 9901 | -€8,942 | -€24,257 | -€15,315 | -171% |
| Financial charges | 65/66B | €409 | €3,319 | +€2,909 | +711% |
| Recurring financial charges | 65 | €409 | €3,319 | +€2,909 | +711% |
| Profit (loss) for the period before taxes | 9903 | -€9,352 | -€27,576 | -€18,224 | -195% |
| Income taxes | 67/77 | €391 | €291 | -€100 | -25.5% |
| Profit (loss) for the period | 9904 | -€9,743 | -€27,867 | -€18,124 | -186% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,743 | -€27,867 | -€18,124 | -186% |
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 19 October 2026 via checked.be.