WEPIWA: 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.
WEPIWA
Largest movements
- Receivables within one year +€10,351
up €10,351 (+4.2%), from €248,010 to €258,361
- Debts after one year +€327,725
up €327,725 (+756%), from €43,372 to €371,097
of which Other amounts payable: +€337,905
- Other debts -€323,904
down €323,904 (-99.9%), from €324,310 to €406
- Profit (loss) carried forward +€17,996
up €17,996 (+34.7%), from -€51,806 to -€33,810
- Accrued charges and deferred income -€6,650
no longer reported in 2025 (was €6,650)
- Staff costs -€50,358
down €50,358 (-50.5%), from €99,633 to €49,275
- Gross operating margin -€39,862
down €39,862 (-34.8%), from €114,624 to €74,761
- Other operating charges -€4,320
down €4,320 (-62.2%), from €6,943 to €2,623
- Depreciation -€1,177
down €1,177 (-54.1%), from €2,174 to €997
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 | €455,599 | €465,822 | +€10,224 | +2.2% |
| Fixed assets | 21/28 | €204,959 | €201,898 | -€3,061 | -1.5% |
| Tangible fixed assets | 22/27 | €4,799 | €1,738 | -€3,061 | -63.8% |
| Furniture and vehicles | 24 | €2,439 | €86 | -€2,353 | -96.5% |
| Other tangible fixed assets | 26 | €2,361 | €1,653 | -€708 | -30.0% |
| Financial fixed assets | 28 | €200,160 | €200,160 | = | 0.0% |
| Current assets | 29/58 | €250,639 | €263,924 | +€13,285 | +5.3% |
| Amounts receivable within one year | 40/41 | €248,010 | €258,361 | +€10,351 | +4.2% |
| Trade receivables | 40 | €248,010 | €258,361 | +€10,351 | +4.2% |
| Cash at bank and in hand | 54/58 | €1,536 | €4,863 | +€3,327 | +217% |
| Deferred charges and accrued income | 490/1 | €1,093 | €700 | -€393 | -36.0% |
| Total equity and liabilities | 10/49 | €455,599 | €465,822 | +€10,224 | +2.2% |
| Equity | 10/15 | €48,770 | €66,766 | +€17,996 | +36.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €576 | €576 | = | 0.0% |
| Non-distributable reserves | 130/1 | €576 | €576 | = | 0.0% |
| Legal reserve | 130 | €576 | €576 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,806 | -€33,810 | +€17,996 | +34.7% |
| Amounts payable | 17/49 | €406,829 | €399,056 | -€7,773 | -1.9% |
| Amounts payable after more than one year | 17 | €43,372 | €371,097 | +€327,725 | +756% |
| Financial debts | 170/4 | €43,372 | €33,192 | -€10,180 | -23.5% |
| Other amounts payable | 178/9 | - | €337,905 | +€337,905 | |
| Amounts payable within one year | 42/48 | €356,807 | €27,959 | -€328,848 | -92.2% |
| Current portion of amounts payable after more than one year | 42 | €10,039 | €10,180 | +€141 | +1.4% |
| Trade debts | 44 | €4,262 | €2,714 | -€1,548 | -36.3% |
| Suppliers | 440/4 | €4,262 | €2,714 | -€1,548 | -36.3% |
| Taxes, remuneration and social security | 45 | €18,196 | €14,659 | -€3,537 | -19.4% |
| Taxes | 450/3 | €9,849 | €6,821 | -€3,028 | -30.7% |
| Remuneration and social security | 454/9 | €8,347 | €7,838 | -€509 | -6.1% |
| Other amounts payable | 47/48 | €324,310 | €406 | -€323,904 | -99.9% |
| Accrued charges and deferred income | 492/3 | €6,650 | - | -€6,650 | |
| Remuneration, social security and pensions | 62 | €99,633 | €49,275 | -€50,358 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,174 | €997 | -€1,177 | -54.1% |
| Other operating charges | 640/8 | €6,943 | €2,623 | -€4,320 | -62.2% |
| Gross operating margin | 9900 | €114,624 | €74,761 | -€39,862 | -34.8% |
| Operating profit (loss) | 9901 | €5,874 | €21,867 | +€15,993 | +272% |
| Financial income | 75/76B | €1 | €3 | +€2 | +286% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +286% |
| Financial charges | 65/66B | €3,653 | €3,532 | -€122 | -3.3% |
| Recurring financial charges | 65 | €3,653 | €3,532 | -€122 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €2,221 | €18,338 | +€16,117 | +726% |
| Income taxes | 67/77 | €569 | €342 | -€227 | -39.9% |
| Profit (loss) for the period | 9904 | €1,652 | €17,996 | +€16,345 | +990% |
| Profit (loss) for the period to be appropriated | 9905 | €1,652 | €17,996 | +€16,345 | +990% |
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 20 October 2026 via checked.be.