WEP INTERNATIONAL: 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.
What changed
WEP INTERNATIONAL
NACE 85.599, Other education
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.0m
2024 · €3.2m+€853,559
Equity
€6.5m
2024 · €3.3m+€3.2m
Cash
€121,068
2024 · €18,169+€102,899
Balance sheet total
€22.8m
2024 · €16.2m+€6.6m
Largest movements
Assets
- Financial fixed assets +€6.2m
up €6.2m (+41.3%), from €14.9m to €21.1m
of which Affiliated companies: +€6.2m
- Receivables within one year +€437,659
up €437,659 (+150%), from €291,749 to €729,408
of which Trade receivables: +€475,217
- Current investments -€230,312
no longer reported in 2025 (was €230,312)
Equity and liabilities
- Debts after one year +€4.8m
up €4.8m (+59.8%), from €8.1m to €12.9m
- Profit (loss) carried forward +€3.2m
up €3.2m (+540%), from €590,555 to €3.8m
- Other debts -€1.8m
down €1.8m (-65.7%), from €2.8m to €952,198
- Current portion of long-term debt +€583,960
up €583,960 (+69.3%), from €843,250 to €1.4m
Income statement
- Turnover +€1.3m
up €1.3m (+43.4%), from €3.0m to €4.3m
- Services and other goods +€713,339
up €713,339 (+35.2%), from €2.0m to €2.7m
- Financial income +€528,210
up €528,210 (+15.8%), from €3.3m to €3.9m
- Depreciation +€189,211
up €189,211 (+124%), from €152,685 to €341,896
- Financial charges +€180,717
up €180,717 (+55.7%), from €324,539 to €505,257
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
€3.2m
Turnover
+€1.3m
Other operating income
+€10,952
Services and other goods
-€713,339
Staff costs
+€17,097
Depreciation
-€189,211
Other operating charges
+€89
Financial income
+€528,210
Financial charges
-€180,717
Taxes
+€93,229
Result 2025
€4.0m
raises the resultlowers the result
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.
From operations
+€1.9m
Investment
-€6.3m
Financing
+€4.6m
Cash 2024
€18,169
From operations (derived)
+€1.9m
Net result for the year
+€4.0m
Depreciation
+€341,896
Receivables within one year
-€437,659
Deferred charges and accrued income
-€87,521
Trade debts
-€192,835
Tax, wage and social debts
+€3,862
Other debts
-€1.8m
Accrued charges and deferred income
+€49,035
Investment (derived)
-€6.3m
Investment in fixed assets (net)
-€6.6m
Current investments
+€230,312
Financing
+€4.6m
Debts after one year
+€4.8m
Current portion of long-term debt
+€583,960
Short-term financial debts
-€8,456
Contributions, distributions and other
-€833,383
Cash 2025
€121,068
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,181,737 | €22,795,918 | +€6.6m | +40.9% |
| Fixed assets | 21/28 | €15,591,436 | €21,807,850 | +€6.2m | +39.9% |
| Intangible fixed assets | 21 | €650,838 | €715,859 | +€65,021 | +10.0% |
| Tangible fixed assets | 22/27 | €25,801 | €19,901 | -€5,900 | -22.9% |
| Land and buildings | 22 | €13,458 | €12,262 | -€1,196 | -8.9% |
| Furniture and vehicles | 24 | €12,343 | €7,638 | -€4,705 | -38.1% |
| Financial fixed assets | 28 | €14,914,797 | €21,072,091 | +€6.2m | +41.3% |
| Affiliated companies | 280/1 | €14,833,445 | €20,990,738 | +€6.2m | +41.5% |
| Participating interests | 280 | €14,384,093 | €20,596,267 | +€6.2m | +43.2% |
| Amounts receivable | 281 | €449,352 | €394,471 | -€54,881 | -12.2% |
| Companies linked by participating interests | 282/3 | €81,352 | €81,352 | = | 0.0% |
| Participating interests | 282 | €81,352 | €81,352 | = | 0.0% |
| Current assets | 29/58 | €590,300 | €988,068 | +€397,767 | +67.4% |
| Amounts receivable within one year | 40/41 | €291,749 | €729,408 | +€437,659 | +150% |
| Trade receivables | 40 | €231,644 | €706,861 | +€475,217 | +205% |
| Other amounts receivable | 41 | €60,105 | €22,547 | -€37,558 | -62.5% |
| Current investments | 50/53 | €230,312 | - | -€230,312 | |
| Other investments | 51/53 | €230,312 | - | -€230,312 | |
| Cash at bank and in hand | 54/58 | €18,169 | €121,068 | +€102,899 | +566% |
| Deferred charges and accrued income | 490/1 | €50,070 | €137,591 | +€87,521 | +175% |
| Total equity and liabilities | 10/49 | €16,181,737 | €22,795,918 | +€6.6m | +40.9% |
| Equity | 10/15 | €3,300,912 | €6,487,148 | +€3.2m | +96.5% |
| 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% |
| Revaluation surpluses | 12 | €2,642,157 | €2,642,157 | = | 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 | €590,555 | €3,776,790 | +€3.2m | +540% |
| Amounts payable | 17/49 | €12,880,824 | €16,308,770 | +€3.4m | +26.6% |
| Amounts payable after more than one year | 17 | €8,061,165 | €12,879,044 | +€4.8m | +59.8% |
| Financial debts | 170/4 | €8,061,165 | €12,879,044 | +€4.8m | +59.8% |
| Credit institutions | 173 | €5,464,179 | €8,310,311 | +€2.8m | +52.1% |
| Other loans | 174 | €2,596,986 | €4,568,733 | +€2.0m | +75.9% |
| Amounts payable within one year | 42/48 | €4,542,517 | €3,103,549 | -€1.4m | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €843,250 | €1,427,209 | +€583,960 | +69.3% |
| Financial debts | 43 | €8,456 | - | -€8,456 | |
| Credit institutions | 430/8 | €8,456 | - | -€8,456 | |
| Trade debts | 44 | €753,635 | €560,799 | -€192,835 | -25.6% |
| Suppliers | 440/4 | €753,635 | €560,799 | -€192,835 | -25.6% |
| Taxes, remuneration and social security | 45 | €159,480 | €163,342 | +€3,862 | +2.4% |
| Taxes | 450/3 | €48,976 | €48,981 | +€5 | 0.0% |
| Remuneration and social security | 454/9 | €110,504 | €114,361 | +€3,857 | +3.5% |
| Other amounts payable | 47/48 | €2,777,696 | €952,198 | -€1.8m | -65.7% |
| Accrued charges and deferred income | 492/3 | €277,143 | €326,178 | +€49,035 | +17.7% |
| Operating income | 70/76A | €2,982,566 | €4,280,767 | +€1.3m | +43.5% |
| Turnover | 70 | €2,963,954 | €4,251,203 | +€1.3m | +43.4% |
| Other operating income | 74 | €18,612 | €29,564 | +€10,952 | +58.8% |
| Operating charges | 60/66A | €2,848,465 | €3,733,828 | +€885,364 | +31.1% |
| Services and other goods | 61 | €2,027,054 | €2,740,393 | +€713,339 | +35.2% |
| Remuneration, social security and pensions | 62 | €666,831 | €649,734 | -€17,097 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,685 | €341,896 | +€189,211 | +124% |
| Other operating charges | 640/8 | €1,894 | €1,805 | -€89 | -4.7% |
| Operating profit (loss) | 9901 | €134,101 | €546,939 | +€412,837 | +308% |
| Financial income | 75/76B | €3,348,348 | €3,876,558 | +€528,210 | +15.8% |
| Recurring financial income | 75 | €3,348,348 | €3,876,558 | +€528,210 | +15.8% |
| Income from financial fixed assets | 750 | €3,347,644 | €3,870,923 | +€523,279 | +15.6% |
| Other financial income | 752/9 | €704 | €5,635 | +€4,931 | +700% |
| Financial charges | 65/66B | €324,539 | €505,257 | +€180,717 | +55.7% |
| Recurring financial charges | 65 | €324,539 | €505,257 | +€180,717 | +55.7% |
| Debt charges | 650 | €104,972 | €134,568 | +€29,597 | +28.2% |
| Other financial charges | 652/9 | €219,568 | €370,688 | +€151,121 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €3,157,910 | €3,918,240 | +€760,330 | +24.1% |
| Income taxes | 67/77 | -€8,149 | -€101,378 | -€93,229 | -1,144% |
| Taxes | 670/3 | €103,823 | €1,687 | -€102,135 | -98.4% |
| Tax adjustments and reversals of tax provisions | 77 | €111,972 | €103,066 | -€8,906 | -8.0% |
| Profit (loss) for the period | 9904 | €3,166,059 | €4,019,618 | +€853,559 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,166,059 | €4,019,618 | +€853,559 | +27.0% |
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 20 October 2026 via checked.be.