WES-DG: 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-DG
Largest movements
- Receivables within one year +€20,437
up €20,437 (+48.5%), from €42,133 to €62,570
of which Other amounts receivable: +€13,106
- Tangible fixed assets +€7,899
up €7,899 (+23.7%), from €33,272 to €41,171
of which Furniture and vehicles: +€11,793
- Deferred charges and accrued income -€7,494
down €7,494 (-98.8%), from €7,584 to €90
- Cash -€4,349
down €4,349 (-32.6%), from €13,348 to €8,999
mainly Receivables within one year (-€20,437) and Investment in fixed assets (net) (-€16,082)
- Other debts +€9,004
new in 2025: €9,004
- Current portion of long-term debt +€6,107
up €6,107 (+69.3%), from €8,813 to €14,921
- Trade debts -€2,633
down €2,633 (-10.7%), from €24,587 to €21,954
- Tax, wage and social debts +€1,726
up €1,726 (+23.3%), from €7,401 to €9,126
of which Taxes: +€4,707
- Gross operating margin +€6,236
up €6,236 (+7.1%), from €87,381 to €93,617
- Staff costs -€5,955
down €5,955 (-7.3%), from €81,894 to €75,939
- Depreciation +€2,988
up €2,988 (+57.5%), from €5,195 to €8,183
- Taxes +€1,459
up €1,459 (+112%), from €1,305 to €2,764
- Financial charges -€1,213
down €1,213 (-31.4%), from €3,858 to €2,645
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 | €120,587 | €136,689 | +€16,102 | +13.4% |
| Fixed assets | 21/28 | €33,272 | €41,171 | +€7,899 | +23.7% |
| Tangible fixed assets | 22/27 | €33,272 | €41,171 | +€7,899 | +23.7% |
| Plant, machinery and equipment | 23 | €33,272 | €29,378 | -€3,894 | -11.7% |
| Furniture and vehicles | 24 | - | €11,793 | +€11,793 | |
| Current assets | 29/58 | €87,315 | €95,518 | +€8,203 | +9.4% |
| Stocks and contracts in progress | 3 | €24,250 | €23,860 | -€390 | -1.6% |
| Stocks | 30/36 | €24,250 | €23,860 | -€390 | -1.6% |
| Amounts receivable within one year | 40/41 | €42,133 | €62,570 | +€20,437 | +48.5% |
| Trade receivables | 40 | €29,307 | €36,638 | +€7,331 | +25.0% |
| Other amounts receivable | 41 | €12,826 | €25,931 | +€13,106 | +102% |
| Cash at bank and in hand | 54/58 | €13,348 | €8,999 | -€4,349 | -32.6% |
| Deferred charges and accrued income | 490/1 | €7,584 | €90 | -€7,494 | -98.8% |
| Total equity and liabilities | 10/49 | €120,587 | €136,689 | +€16,102 | +13.4% |
| Equity | 10/15 | €63,428 | €64,142 | +€714 | +1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €58,576 | €58,576 | = | 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% |
| Distributable reserves | 133 | €56,716 | €56,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,549 | -€6,834 | +€714 | +9.5% |
| Amounts payable | 17/49 | €57,159 | €72,547 | +€15,388 | +26.9% |
| Amounts payable after more than one year | 17 | €15,861 | €16,642 | +€781 | +4.9% |
| Financial debts | 170/4 | €15,861 | €16,642 | +€781 | +4.9% |
| Amounts payable within one year | 42/48 | €40,800 | €55,005 | +€14,205 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €8,813 | €14,921 | +€6,107 | +69.3% |
| Trade debts | 44 | €24,587 | €21,954 | -€2,633 | -10.7% |
| Suppliers | 440/4 | €24,587 | €21,954 | -€2,633 | -10.7% |
| Taxes, remuneration and social security | 45 | €7,401 | €9,126 | +€1,726 | +23.3% |
| Taxes | 450/3 | - | €4,707 | +€4,707 | |
| Remuneration and social security | 454/9 | €7,401 | €4,419 | -€2,982 | -40.3% |
| Other amounts payable | 47/48 | - | €9,004 | +€9,004 | |
| Accrued charges and deferred income | 492/3 | €498 | €900 | +€402 | +80.7% |
| Non-recurring operating income | 76A | €431 | - | -€431 | |
| Remuneration, social security and pensions | 62 | €81,894 | €75,939 | -€5,955 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,195 | €8,183 | +€2,988 | +57.5% |
| Other operating charges | 640/8 | €2,685 | €3,371 | +€686 | +25.5% |
| Gross operating margin | 9900 | €87,381 | €93,617 | +€6,236 | +7.1% |
| Operating profit (loss) | 9901 | -€2,394 | €6,123 | +€8,516 | |
| Financial income | 75/76B | €8 | €0 | -€7 | -95.3% |
| Recurring financial income | 75 | €8 | €0 | -€7 | -95.3% |
| Financial charges | 65/66B | €3,858 | €2,645 | -€1,213 | -31.4% |
| Recurring financial charges | 65 | €3,858 | €2,645 | -€1,213 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,244 | €3,478 | +€9,722 | |
| Income taxes | 67/77 | €1,305 | €2,764 | +€1,459 | +112% |
| Profit (loss) for the period | 9904 | -€7,549 | €714 | +€8,263 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,549 | €714 | +€8,263 |
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 21 October 2026 via checked.be.