WEQAN: 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.
WEQAN
Largest movements
- Cash +€598,348
up €598,348 (+181%), from €330,754 to €929,101
mainly Net result for the year (+€248,725) and Current investments (+€222,693)
- Current investments -€222,693
no longer reported in 2023 (was €222,693)
- Receivables within one year -€190,129
down €190,129 (-35.2%), from €539,456 to €349,326
of which Trade receivables: -€151,057
- Deferred charges and accrued income -€30,759
down €30,759 (-7.4%), from €415,597 to €384,838
- Profit (loss) carried forward +€222,925
up €222,925 (+84.6%), from €263,527 to €486,452
- Trade debts -€51,422
down €51,422 (-13.9%), from €370,820 to €319,397
- Accrued charges and deferred income -€31,756
down €31,756 (-4.4%), from €719,652 to €687,896
- Gross operating margin +€325,351
up €325,351 (+40.0%), from €812,368 to €1.1m
- Staff costs +€118,119
up €118,119 (+18.2%), from €648,450 to €766,569
- Taxes +€57,206
up €57,206 (+130%), from €44,091 to €101,297
- Financial charges -€23,003
down €23,003 (-88.6%), from €25,948 to €2,946
- Financial income +€16,417
up €16,417 (+85,594%), from €19 to €16,436
of which Non-recurring financial income: +€15,000
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,529,509 | €1,674,883 | +€145,374 | +9.5% |
| Fixed assets | 21/28 | €21,009 | €11,617 | -€9,393 | -44.7% |
| Tangible fixed assets | 22/27 | €21,009 | €11,617 | -€9,393 | -44.7% |
| Furniture and vehicles | 24 | €21,009 | €11,617 | -€9,393 | -44.7% |
| Current assets | 29/58 | €1,508,499 | €1,663,266 | +€154,767 | +10.3% |
| Amounts receivable within one year | 40/41 | €539,456 | €349,326 | -€190,129 | -35.2% |
| Trade receivables | 40 | €486,301 | €335,244 | -€151,057 | -31.1% |
| Other amounts receivable | 41 | €53,154 | €14,082 | -€39,072 | -73.5% |
| Current investments | 50/53 | €222,693 | - | -€222,693 | |
| Cash at bank and in hand | 54/58 | €330,754 | €929,101 | +€598,348 | +181% |
| Deferred charges and accrued income | 490/1 | €415,597 | €384,838 | -€30,759 | -7.4% |
| Total equity and liabilities | 10/49 | €1,529,509 | €1,674,883 | +€145,374 | +9.5% |
| Equity | 10/15 | €283,987 | €506,912 | +€222,925 | +78.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €263,527 | €486,452 | +€222,925 | +84.6% |
| Amounts payable | 17/49 | €1,245,522 | €1,167,971 | -€77,551 | -6.2% |
| Amounts payable within one year | 42/48 | €525,870 | €480,074 | -€45,796 | -8.7% |
| Trade debts | 44 | €370,820 | €319,397 | -€51,422 | -13.9% |
| Suppliers | 440/4 | €370,820 | €319,397 | -€51,422 | -13.9% |
| Taxes, remuneration and social security | 45 | €122,234 | €134,877 | +€12,643 | +10.3% |
| Taxes | 450/3 | €75,693 | €71,297 | -€4,395 | -5.8% |
| Remuneration and social security | 454/9 | €46,542 | €63,580 | +€17,038 | +36.6% |
| Other amounts payable | 47/48 | €32,816 | €25,800 | -€7,016 | -21.4% |
| Accrued charges and deferred income | 492/3 | €719,652 | €687,896 | -€31,756 | -4.4% |
| Non-recurring operating income | 76A | - | €17,340 | +€17,340 | |
| Remuneration, social security and pensions | 62 | €648,450 | €766,569 | +€118,119 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,252 | €7,002 | -€4,250 | -37.8% |
| Other operating charges | 640/8 | €26,960 | €27,615 | +€655 | +2.4% |
| Gross operating margin | 9900 | €812,368 | €1,137,719 | +€325,351 | +40.0% |
| Operating profit (loss) | 9901 | €125,705 | €336,532 | +€210,827 | +168% |
| Financial income | 75/76B | €19 | €16,436 | +€16,417 | +85,594% |
| Recurring financial income | 75 | €19 | €1,436 | +€1,417 | +7,388% |
| Non-recurring financial income | 76B | - | €15,000 | +€15,000 | |
| Financial charges | 65/66B | €25,948 | €2,946 | -€23,003 | -88.6% |
| Recurring financial charges | 65 | €25,948 | €2,946 | -€23,003 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | €99,776 | €350,023 | +€250,246 | +251% |
| Income taxes | 67/77 | €44,091 | €101,297 | +€57,206 | +130% |
| Profit (loss) for the period | 9904 | €55,685 | €248,725 | +€193,041 | +347% |
| Profit (loss) for the period to be appropriated | 9905 | €55,685 | €248,725 | +€193,041 | +347% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.