WESARTS: 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.
WESARTS
Largest movements
- Receivables within one year -€7,122
down €7,122 (-18.5%), from €38,552 to €31,430
of which Trade receivables: -€18,929
- Cash +€5,302
up €5,302 (+79.5%), from €6,670 to €11,972
mainly Net result for the year (+€9,624) and Receivables within one year (+€7,122)
- Trade debts -€13,796
down €13,796 (-49.0%), from €28,154 to €14,358
- Profit (loss) carried forward +€9,624
up €9,624 (+63.1%), from €15,247 to €24,871
- Tax, wage and social debts +€2,666
up €2,666 (+325%), from €821 to €3,487
of which Taxes: +€3,116
- Gross operating margin +€5,509
up €5,509 (+58.1%), from €9,478 to €14,987
- Taxes +€2,744
up €2,744 (+739%), from €371 to €3,116
- Financial charges -€1,370
down €1,370 (-50.4%), from €2,718 to €1,348
- Other operating charges -€355
down €355 (-27.5%), from €1,293 to €938
- Financial income +€162
up €162 (+48.8%), from €332 to €494
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 | €45,223 | €43,716 | -€1,507 | -3.3% |
| Current assets | 29/58 | €45,223 | €43,716 | -€1,507 | -3.3% |
| Amounts receivable within one year | 40/41 | €38,552 | €31,430 | -€7,122 | -18.5% |
| Trade receivables | 40 | €29,528 | €10,598 | -€18,929 | -64.1% |
| Other amounts receivable | 41 | €9,025 | €20,832 | +€11,807 | +131% |
| Cash at bank and in hand | 54/58 | €6,670 | €11,972 | +€5,302 | +79.5% |
| Deferred charges and accrued income | 490/1 | - | €313 | +€313 | |
| Total equity and liabilities | 10/49 | €45,223 | €43,716 | -€1,507 | -3.3% |
| Equity | 10/15 | €16,247 | €25,871 | +€9,624 | +59.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,247 | €24,871 | +€9,624 | +63.1% |
| Amounts payable | 17/49 | €28,975 | €17,845 | -€11,131 | -38.4% |
| Amounts payable within one year | 42/48 | €28,975 | €17,845 | -€11,131 | -38.4% |
| Trade debts | 44 | €28,154 | €14,358 | -€13,796 | -49.0% |
| Suppliers | 440/4 | €28,154 | €14,358 | -€13,796 | -49.0% |
| Taxes, remuneration and social security | 45 | €821 | €3,487 | +€2,666 | +325% |
| Taxes | 450/3 | €371 | €3,487 | +€3,116 | +839% |
| Remuneration and social security | 454/9 | €450 | - | -€450 | |
| Other operating charges | 640/8 | €1,293 | €938 | -€355 | -27.5% |
| Non-recurring operating charges | 66A | - | €456 | +€456 | |
| Gross operating margin | 9900 | €9,478 | €14,987 | +€5,509 | +58.1% |
| Operating profit (loss) | 9901 | €8,185 | €13,593 | +€5,408 | +66.1% |
| Financial income | 75/76B | €332 | €494 | +€162 | +48.8% |
| Recurring financial income | 75 | €332 | €494 | +€162 | +48.8% |
| Financial charges | 65/66B | €2,718 | €1,348 | -€1,370 | -50.4% |
| Recurring financial charges | 65 | €2,718 | €1,348 | -€1,370 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €5,799 | €12,739 | +€6,941 | +120% |
| Income taxes | 67/77 | €371 | €3,116 | +€2,744 | +739% |
| Profit (loss) for the period | 9904 | €5,427 | €9,624 | +€4,196 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,427 | €9,624 | +€4,196 | +77.3% |
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 19 October 2026 via checked.be.