WES-Group: 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.
WES-Group
Largest movements
- Receivables within one year -€27,895
down €27,895 (-25.2%), from €110,909 to €83,014
of which Trade receivables: -€96,439
- Tangible fixed assets -€6,777
down €6,777 (-43.7%), from €15,502 to €8,726
of which Land and buildings: -€3,579
- Cash +€2,176
up €2,176 (+4.6%), from €47,562 to €49,738
mainly Receivables within one year (+€27,895) and Depreciation (+€8,645)
- Trade debts -€16,876
down €16,876 (-99.9%), from €16,887 to €11
- Tax, wage and social debts -€6,428
down €6,428 (-50.3%), from €12,782 to €6,354
of which Remuneration and social security: -€6,327
- Profit (loss) carried forward -€6,208
new in 2025: -€6,208
- Advances received -€3,609
no longer reported in 2025 (was €3,609)
- Gross operating margin -€152,794
down €152,794, from €149,713 to -€3,080
- Taxes -€43,285
no longer reported in 2025 (was €43,285)
- Financial charges -€10,516
down €10,516 (-99.1%), from €10,612 to €96
of which Non-recurring financial charges: -€10,169
- Depreciation +€6,720
up €6,720 (+349.2%), from €1,925 to €8,645
- Financial income +€6,715
up €6,715 (+1244.1%), from €540 to €7,255
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.
Cash bridge derived
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 | €174,599 | €141,478 | -€33,121 | -19.0% |
| Fixed assets | 21/28 | €15,502 | €8,726 | -€6,777 | -43.7% |
| Tangible fixed assets | 22/27 | €15,502 | €8,726 | -€6,777 | -43.7% |
| Land and buildings | 22 | €10,966 | €7,387 | -€3,579 | -32.6% |
| Plant, machinery and equipment | 23 | €1,457 | €434 | -€1,024 | -70.2% |
| Furniture and vehicles | 24 | €1,518 | €127 | -€1,391 | -91.7% |
| Other tangible fixed assets | 26 | €1,560 | €778 | -€783 | -50.2% |
| Current assets | 29/58 | €159,097 | €132,752 | -€26,345 | -16.6% |
| Amounts receivable within one year | 40/41 | €110,909 | €83,014 | -€27,895 | -25.2% |
| Trade receivables | 40 | €96,451 | €12 | -€96,439 | -100.0% |
| Other amounts receivable | 41 | €14,458 | €83,002 | +€68,544 | +474.1% |
| Cash at bank and in hand | 54/58 | €47,562 | €49,738 | +€2,176 | +4.6% |
| Deferred charges and accrued income | 490/1 | €625 | - | -€625 | |
| Total equity and liabilities | 10/49 | €174,599 | €141,478 | -€33,121 | -19.0% |
| Equity | 10/15 | €141,321 | €135,113 | -€6,208 | -4.4% |
| Reserves | 13 | €141,321 | €141,321 | = | 0.0% |
| Distributable reserves | 133 | €141,321 | €141,321 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,208 | -€6,208 | |
| Amounts payable | 17/49 | €33,279 | €6,365 | -€26,914 | -80.9% |
| Amounts payable within one year | 42/48 | €33,279 | €6,365 | -€26,914 | -80.9% |
| Trade debts | 44 | €16,887 | €11 | -€16,876 | -99.9% |
| Suppliers | 440/4 | €16,887 | €11 | -€16,876 | -99.9% |
| Advances received on contracts in progress | 46 | €3,609 | - | -€3,609 | |
| Taxes, remuneration and social security | 45 | €12,782 | €6,354 | -€6,428 | -50.3% |
| Taxes | 450/3 | €6,455 | €6,354 | -€102 | -1.6% |
| Remuneration and social security | 454/9 | €6,327 | - | -€6,327 | |
| Non-recurring operating income | 76A | €100,000 | €2,240 | -€97,760 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,925 | €8,645 | +€6,720 | +349.2% |
| Other operating charges | 640/8 | €4,885 | €1,642 | -€3,244 | -66.4% |
| Gross operating margin | 9900 | €149,713 | -€3,080 | -€152,794 | |
| Operating profit (loss) | 9901 | €142,904 | -€13,367 | -€156,271 | |
| Financial income | 75/76B | €540 | €7,255 | +€6,715 | +1244.1% |
| Recurring financial income | 75 | €540 | €7,255 | +€6,715 | +1244.1% |
| Financial charges | 65/66B | €10,612 | €96 | -€10,516 | -99.1% |
| Recurring financial charges | 65 | €443 | €96 | -€347 | -78.3% |
| Non-recurring financial charges | 66B | €10,169 | - | -€10,169 | |
| Profit (loss) for the period before taxes | 9903 | €132,832 | -€6,208 | -€139,039 | |
| Income taxes | 67/77 | €43,285 | - | -€43,285 | |
| Profit (loss) for the period | 9904 | €89,547 | -€6,208 | -€95,754 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,547 | -€6,208 | -€95,754 |
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 4 October 2026 via checked.be.