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WePaint: 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

WePaint

BE 0732.910.026
NACE 43.341, Painting of buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€281,214
2024 · €230,983+€50,231
Equity
€763,858
2024 · €682,644+€81,214
Cash
€501,122
2024 · €471,371+€29,752
Balance sheet total
€855,703
2024 · €875,713-€20,010

Largest movements

2024 to 2025
Assets
  • Receivables within one year -€60,508

    down €60,508 (-15.8%), from €383,316 to €322,808

    of which Trade receivables: -€51,503

  • Cash +€29,752

    up €29,752 (+6.3%), from €471,371 to €501,122

    mainly Net result for the year (+€281,214) and Receivables within one year (+€60,508)

Equity and liabilities
  • Trade debts -€99,589

    down €99,589 (-54.2%), from €183,832 to €84,243

  • Profit (loss) carried forward +€81,214

    up €81,214 (+15.0%), from €542,644 to €623,858

Income statement
  • Write-downs -€86,024

    down €86,024, from €53,192 to -€32,832

  • Staff costs -€83,735

    down €83,735 (-9.2%), from €912,226 to €828,491

  • Other operating charges +€53,311

    up €53,311 (+2381.8%), from €2,238 to €55,549

  • Gross operating margin -€41,842

    down €41,842 (-3.3%), from €1.3m to €1.2m

  • Taxes +€23,105

    up €23,105 (+31.4%), from €73,631 to €96,736

From the 2024 result to the 2025 result

effect on the 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 €230,983
Gross operating margin -€41,842
Staff costs +€83,735
Depreciation -€3,372
Write-downs +€86,024
Provisions +€218
Other operating charges -€53,311
Financial income -€468
Financial charges +€2,352
Taxes -€23,105
Result 2025 €281,214

Cash bridge derived

cash 2024 to 2025

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 +€242,406
Investment -€12,654
Financing -€200,000
Cash 2024 €471,371
Net result for the year +€281,214
Depreciation +€4,399
Receivables within one year +€60,508
Deferred charges and accrued income -€2,492
Smaller working-capital items -€591
Trade debts -€99,589
Tax, wage and social debts -€1,044
Investment in fixed assets (net) -€12,654
Contributions, distributions and other -€200,000
Cash 2025 €501,122
Every line side by side 45 lines
Line Code 2024 2025 Change %
Total assets 20/58 €875,713 €855,703 -€20,010 -2.3%
Fixed assets 21/28 €4,912 €13,167 +€8,255 +168.0%
Tangible fixed assets 22/27 €4,512 €12,767 +€8,255 +182.9%
Furniture and vehicles 24 €4,512 €12,767 +€8,255 +182.9%
Financial fixed assets 28 €400 €400 = 0.0%
Current assets 29/58 €870,800 €842,535 -€28,265 -3.2%
Amounts receivable after more than one year 29 €3,100 €3,100 = 0.0%
Other amounts receivable 291 €3,100 €3,100 = 0.0%
Amounts receivable within one year 40/41 €383,316 €322,808 -€60,508 -15.8%
Trade receivables 40 €338,176 €286,673 -€51,503 -15.2%
Other amounts receivable 41 €45,140 €36,135 -€9,005 -19.9%
Cash at bank and in hand 54/58 €471,371 €501,122 +€29,752 +6.3%
Deferred charges and accrued income 490/1 €13,014 €15,505 +€2,492 +19.1%
Total equity and liabilities 10/49 €875,713 €855,703 -€20,010 -2.3%
Equity 10/15 €682,644 €763,858 +€81,214 +11.9%
Contributions 10/11 €140,000 €140,000 = 0.0%
Profit (loss) carried forward 14 €542,644 €623,858 +€81,214 +15.0%
Provisions and deferred taxes 16 €4,719 €4,523 -€196 -4.2%
Provisions for liabilities and charges 160/5 €4,719 €4,523 -€196 -4.2%
Other liabilities and charges 164/5 €4,719 €4,523 -€196 -4.2%
Amounts payable 17/49 €188,350 €87,322 -€101,028 -53.6%
Amounts payable within one year 42/48 €188,350 €87,322 -€101,028 -53.6%
Financial debts 43 €0 - =
Credit institutions 430/8 €0 - =
Trade debts 44 €183,832 €84,243 -€99,589 -54.2%
Suppliers 440/4 €183,832 €84,243 -€99,589 -54.2%
Taxes, remuneration and social security 45 €4,123 €3,078 -€1,044 -25.3%
Taxes 450/3 €4,123 €3,078 -€1,044 -25.3%
Remuneration and social security 454/9 €0 - =
Other amounts payable 47/48 €395 €0 -€395 -100.0%
Remuneration, social security and pensions 62 €912,226 €828,491 -€83,735 -9.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €1,027 €4,399 +€3,372 +328.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 €53,192 -€32,832 -€86,024
Provisions for liabilities and charges: additions (uses and reversals) 635/8 €22 -€196 -€218
Other operating charges 640/8 €2,238 €55,549 +€53,311 +2381.8%
Gross operating margin 9900 €1,275,214 €1,233,372 -€41,842 -3.3%
Operating profit (loss) 9901 €306,508 €377,960 +€71,452 +23.3%
Financial income 75/76B €1,978 €1,510 -€468 -23.7%
Recurring financial income 75 €1,978 €1,510 -€468 -23.7%
Financial charges 65/66B €3,872 €1,520 -€2,352 -60.7%
Recurring financial charges 65 €3,872 €1,520 -€2,352 -60.7%
Profit (loss) for the period before taxes 9903 €304,614 €377,950 +€73,336 +24.1%
Income taxes 67/77 €73,631 €96,736 +€23,105 +31.4%
Profit (loss) for the period 9904 €230,983 €281,214 +€50,231 +21.7%
Profit (loss) for the period to be appropriated 9905 €230,983 €281,214 +€50,231 +21.7%

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 30 September 2026 via checked.be.