WESCO: 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.
WESCO
Largest movements
- Current investments +€83,024
up €83,024 (+42.5%), from €195,300 to €278,324
- Receivables after one year -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Cash -€12,541
down €12,541 (-55.3%), from €22,685 to €10,144
mainly Current investments (-€83,024) and Contributions, distributions and other (-€41,249)
- Reserves -€26,363
down €26,363 (-39.9%), from €66,003 to €39,640
of which Distributable reserves: -€26,363
- Other debts +€11,895
up €11,895 (+3390.9%), from €351 to €12,246
- Tax, wage and social debts +€4,420
up €4,420 (+303.1%), from €1,458 to €5,878
- Depreciation -€22,555
down €22,555 (-100.0%), from €22,555 to €0
- Taxes +€4,345
up €4,345 (+1046.1%), from €415 to €4,760
- Financial income -€471
down €471 (-14.8%), from €3,180 to €2,709
- Gross operating margin -€358
down €358 (-2.0%), from €18,292 to €17,935
- Financial charges +€187
up €187 (+329.5%), from €57 to €244
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 | €324,530 | €316,962 | -€7,568 | -2.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €324,530 | €316,962 | -€7,568 | -2.3% |
| Amounts receivable after more than one year | 29 | €80,000 | €0 | -€80,000 | -100.0% |
| Trade receivables | 290 | €80,000 | €0 | -€80,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €26,544 | €26,194 | -€350 | -1.3% |
| Trade receivables | 40 | €4,904 | €2,294 | -€2,610 | -53.2% |
| Other amounts receivable | 41 | €21,640 | €23,900 | +€2,260 | +10.4% |
| Current investments | 50/53 | €195,300 | €278,324 | +€83,024 | +42.5% |
| Cash at bank and in hand | 54/58 | €22,685 | €10,144 | -€12,541 | -55.3% |
| Deferred charges and accrued income | 490/1 | - | €2,300 | +€2,300 | |
| Total equity and liabilities | 10/49 | €324,530 | €316,962 | -€7,568 | -2.3% |
| Equity | 10/15 | €322,721 | €296,358 | -€26,363 | -8.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €66,003 | €39,640 | -€26,363 | -39.9% |
| Tax-exempt reserves | 132 | €9,135 | €9,135 | = | 0.0% |
| Distributable reserves | 133 | €56,868 | €30,505 | -€26,363 | -46.4% |
| Profit (loss) carried forward | 14 | €238,126 | €238,126 | = | 0.0% |
| Amounts payable | 17/49 | €1,809 | €20,604 | +€18,795 | +1039.1% |
| Amounts payable within one year | 42/48 | €1,809 | €20,604 | +€18,795 | +1039.1% |
| Trade debts | 44 | €0 | €2,481 | +€2,481 | |
| Suppliers | 440/4 | €0 | €2,481 | +€2,481 | |
| Taxes, remuneration and social security | 45 | €1,458 | €5,878 | +€4,420 | +303.1% |
| Taxes | 450/3 | €1,458 | €5,878 | +€4,420 | +303.1% |
| Other amounts payable | 47/48 | €351 | €12,246 | +€11,895 | +3390.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,555 | €0 | -€22,555 | -100.0% |
| Other operating charges | 640/8 | €915 | €754 | -€161 | -17.6% |
| Gross operating margin | 9900 | €18,292 | €17,935 | -€358 | -2.0% |
| Operating profit (loss) | 9901 | -€5,178 | €17,180 | +€22,358 | |
| Financial income | 75/76B | €3,180 | €2,709 | -€471 | -14.8% |
| Recurring financial income | 75 | €3,180 | €2,709 | -€471 | -14.8% |
| Financial charges | 65/66B | €57 | €244 | +€187 | +329.5% |
| Recurring financial charges | 65 | €57 | €244 | +€187 | +329.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,054 | €19,645 | +€21,700 | |
| Income taxes | 67/77 | €415 | €4,760 | +€4,345 | +1046.1% |
| Profit (loss) for the period | 9904 | -€2,470 | €14,886 | +€17,355 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,470 | €14,886 | +€17,355 |
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 5 October 2026 via checked.be.