WEPA MANAGEMENT: 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.
WEPA MANAGEMENT
Largest movements
- Formation expenses +€10,723
new in 2025: €10,723
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€4,429
up €4,429 (+75.3%), from €5,883 to €10,312
- Financial charges -€3,237
down €3,237 (-98.4%), from €3,291 to €54
- Depreciation +€1,531
up €1,531 (+228%), from €672 to €2,203
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 | €1,031,597 | €1,042,173 | +€10,575 | +1.0% |
| Formation expenses | 20 | - | €10,723 | +€10,723 | |
| Fixed assets | 21/28 | €1,024,957 | €1,025,729 | +€772 | +0.1% |
| Tangible fixed assets | 22/27 | €1,024,957 | €1,025,729 | +€772 | +0.1% |
| Land and buildings | 22 | €1,021,674 | €1,021,674 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,283 | €4,056 | +€772 | +23.5% |
| Current assets | 29/58 | €6,640 | €5,721 | -€920 | -13.8% |
| Cash at bank and in hand | 54/58 | €5,599 | €2,467 | -€3,132 | -55.9% |
| Deferred charges and accrued income | 490/1 | €1,041 | €3,254 | +€2,213 | +212% |
| Total equity and liabilities | 10/49 | €1,031,597 | €1,042,173 | +€10,575 | +1.0% |
| Equity | 10/15 | €38,755 | €45,698 | +€6,944 | +17.9% |
| 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 | -€29,445 | -€22,502 | +€6,944 | +23.6% |
| Amounts payable | 17/49 | €992,843 | €996,474 | +€3,632 | +0.4% |
| Amounts payable after more than one year | 17 | €903,000 | €903,000 | = | 0.0% |
| Other amounts payable | 178/9 | €903,000 | €903,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,501 | €92,360 | +€3,859 | +4.4% |
| Trade debts | 44 | €1,237 | €1,037 | -€200 | -16.2% |
| Suppliers | 440/4 | €1,237 | €1,037 | -€200 | -16.2% |
| Other amounts payable | 47/48 | €87,264 | €91,322 | +€4,059 | +4.7% |
| Accrued charges and deferred income | 492/3 | €1,342 | €1,114 | -€227 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €672 | €2,203 | +€1,531 | +228% |
| Other operating charges | 640/8 | €1,213 | €1,114 | -€98 | -8.1% |
| Gross operating margin | 9900 | €5,883 | €10,312 | +€4,429 | +75.3% |
| Operating profit (loss) | 9901 | €3,999 | €6,995 | +€2,996 | +74.9% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €3,291 | €54 | -€3,237 | -98.4% |
| Recurring financial charges | 65 | €3,291 | €54 | -€3,237 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €708 | €6,944 | +€6,236 | +881% |
| Profit (loss) for the period | 9904 | €708 | €6,944 | +€6,236 | +881% |
| Profit (loss) for the period to be appropriated | 9905 | €708 | €6,944 | +€6,236 | +881% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.