WES: 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.
WES
Largest movements
- Receivables within one year +€16,357
new in 2025: €16,357
of which Other amounts receivable: +€15,982
- Tangible fixed assets -€14,491
down €14,491 (-21.9%), from €66,294 to €51,803
of which Furniture and vehicles: -€12,826
- Cash -€12,155
down €12,155 (-68.3%), from €17,797 to €5,642
mainly Receivables within one year (-€16,357) and Debts after one year (-€12,977)
- Current investments -€5,801
down €5,801 (-96.7%), from €5,999 to €198
- Stocks and contracts +€5,455
new in 2025: €5,455
- Debts after one year -€12,977
down €12,977 (-32.0%), from €40,617 to €27,640
- Reserves +€2,890
up €2,890 (+10.0%), from €29,000 to €31,890
- Other debts -€2,534
no longer reported in 2025 (was €2,534)
- Tax, wage and social debts +€1,874
up €1,874 (+71.7%), from €2,614 to €4,488
- Depreciation +€9,060
up €9,060 (+156%), from €5,791 to €14,851
- Gross operating margin -€3,920
down €3,920 (-14.7%), from €26,636 to €22,716
- Taxes +€1,232
up €1,232 (+115%), from €1,067 to €2,300
- Financial charges -€979
down €979 (-28.4%), from €3,451 to €2,473
- Financial income +€629
up €629 (+12,325%), from €5 to €634
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 | €90,365 | €79,456 | -€10,909 | -12.1% |
| Fixed assets | 21/28 | €66,569 | €51,803 | -€14,766 | -22.2% |
| Tangible fixed assets | 22/27 | €66,294 | €51,803 | -€14,491 | -21.9% |
| Plant, machinery and equipment | 23 | €8,135 | €6,471 | -€1,664 | -20.5% |
| Furniture and vehicles | 24 | €58,158 | €45,332 | -€12,826 | -22.1% |
| Financial fixed assets | 28 | €275 | - | -€275 | |
| Current assets | 29/58 | €23,796 | €27,653 | +€3,857 | +16.2% |
| Stocks and contracts in progress | 3 | - | €5,455 | +€5,455 | |
| Stocks | 30/36 | - | €5,455 | +€5,455 | |
| Amounts receivable within one year | 40/41 | - | €16,357 | +€16,357 | |
| Trade receivables | 40 | - | €375 | +€375 | |
| Other amounts receivable | 41 | - | €15,982 | +€15,982 | |
| Current investments | 50/53 | €5,999 | €198 | -€5,801 | -96.7% |
| Cash at bank and in hand | 54/58 | €17,797 | €5,642 | -€12,155 | -68.3% |
| Total equity and liabilities | 10/49 | €90,365 | €79,456 | -€10,909 | -12.1% |
| Equity | 10/15 | €31,275 | €34,166 | +€2,891 | +9.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,000 | €31,890 | +€2,890 | +10.0% |
| Distributable reserves | 133 | €29,000 | €31,890 | +€2,890 | +10.0% |
| Profit (loss) carried forward | 14 | €275 | €276 | +€1 | +0.4% |
| Amounts payable | 17/49 | €59,090 | €45,290 | -€13,800 | -23.4% |
| Amounts payable after more than one year | 17 | €40,617 | €27,640 | -€12,977 | -32.0% |
| Financial debts | 170/4 | €40,617 | €27,640 | -€12,977 | -32.0% |
| Amounts payable within one year | 42/48 | €18,236 | €17,650 | -€586 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €12,446 | €12,977 | +€531 | +4.3% |
| Trade debts | 44 | €642 | €185 | -€458 | -71.2% |
| Suppliers | 440/4 | €642 | €185 | -€458 | -71.2% |
| Taxes, remuneration and social security | 45 | €2,614 | €4,488 | +€1,874 | +71.7% |
| Taxes | 450/3 | €2,614 | €4,488 | +€1,874 | +71.7% |
| Other amounts payable | 47/48 | €2,534 | - | -€2,534 | |
| Accrued charges and deferred income | 492/3 | €236 | - | -€236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,791 | €14,851 | +€9,060 | +156% |
| Other operating charges | 640/8 | €746 | €836 | +€90 | +12.0% |
| Non-recurring operating charges | 66A | €16,057 | - | -€16,057 | |
| Gross operating margin | 9900 | €26,636 | €22,716 | -€3,920 | -14.7% |
| Operating profit (loss) | 9901 | €4,041 | €7,030 | +€2,988 | +73.9% |
| Financial income | 75/76B | €5 | €634 | +€629 | +12,325% |
| Recurring financial income | 75 | €5 | €634 | +€629 | +12,325% |
| Financial charges | 65/66B | €3,451 | €2,473 | -€979 | -28.4% |
| Recurring financial charges | 65 | €3,451 | €2,473 | -€979 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €595 | €5,191 | +€4,596 | +772% |
| Income taxes | 67/77 | €1,067 | €2,300 | +€1,232 | +115% |
| Profit (loss) for the period | 9904 | -€472 | €2,891 | +€3,364 | |
| Profit (loss) for the period to be appropriated | 9905 | -€472 | €2,891 | +€3,364 |
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 16 October 2026 via checked.be.