WESCO: 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.
What changed
WESCO
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.1m+€346,942
Equity
€607,573
2024 · €607,573
Cash
€192,555
2024 · €263,812-€71,257
Balance sheet total
€3.3m
2024 · €4.2m-€870,523
Largest movements
Assets
- Current investments -€961,559
down €961,559 (-34.7%), from €2.8m to €1.8m
- Receivables within one year +€403,999
up €403,999 (+64.2%), from €629,530 to €1.0m
of which Trade receivables: +€387,098
- Stocks and contracts -€238,498
down €238,498 (-54.1%), from €440,635 to €202,137
- Cash -€71,257
down €71,257 (-27.0%), from €263,812 to €192,555
mainly Contributions, distributions and other (-€1.5m) and Trade debts (-€1.1m)
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-52.0%), from €2.1m to €998,478
- Other debts +€149,259
up €149,259 (+11.3%), from €1.3m to €1.5m
- Tax, wage and social debts +€77,741
up €77,741 (+78.7%), from €98,728 to €176,469
of which Taxes: +€77,295
Income statement
- Turnover +€1.1m
up €1.1m (+12.7%), from €8.7m to €9.9m
- Goods and materials +€463,026
up €463,026 (+7.7%), from €6.0m to €6.5m
of which Purchases: +€418,381
- Other operating charges -€276,712
down €276,712 (-98.7%), from €280,370 to €3,658
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.
Result 2024
€1.1m
Turnover
+€1.1m
Other operating income
-€58,718
Goods and materials
-€463,026
Services and other goods
-€79,471
Staff costs
-€20,712
Depreciation
+€2,609
Other operating charges
+€276,712
Other operating items
-€379,858
Financial income
-€16,344
Financial charges
+€438
Taxes
-€27,041
Result 2025
€1.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€478,875
Investment
+€940,806
Financing
-€1.5m
Cash 2024
€263,812
From operations (derived)
+€478,875
Net result for the year
+€1.5m
Depreciation
+€20,714
Stocks and contracts
+€238,498
Receivables within one year
-€403,999
Smaller working-capital items
+€2,438
Trade debts
-€1.1m
Tax, wage and social debts
+€77,741
Other debts
+€149,259
Investment (derived)
+€940,806
Investment in fixed assets (net)
-€20,753
Current investments
+€961,559
Financing
-€1.5m
Debts after one year
-€14,898
Current portion of long-term debt
-€2,083
Contributions, distributions and other
-€1.5m
Cash 2025
€192,555
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,156,991 | €3,286,468 | -€870,523 | -20.9% |
| Fixed assets | 21/28 | €37,297 | €37,336 | +€39 | +0.1% |
| Tangible fixed assets | 22/27 | €37,049 | €37,088 | +€39 | +0.1% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €3,088 | +€3,088 | |
| Furniture and vehicles | 24 | €2,942 | €16,755 | +€13,813 | +470% |
| Leasing and similar rights | 25 | €34,107 | €17,245 | -€16,862 | -49.4% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Other financial fixed assets | 284/8 | €248 | €248 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €4,119,694 | €3,249,132 | -€870,562 | -21.1% |
| Stocks and contracts in progress | 3 | €440,635 | €202,137 | -€238,498 | -54.1% |
| Stocks | 30/36 | €440,635 | €202,137 | -€238,498 | -54.1% |
| Raw materials and consumables | 30/31 | €92,960 | €53,230 | -€39,730 | -42.7% |
| Work in progress | 32 | €347,675 | €90,257 | -€257,418 | -74.0% |
| Finished goods | 33 | - | €58,650 | +€58,650 | |
| Amounts receivable within one year | 40/41 | €629,530 | €1,033,529 | +€403,999 | +64.2% |
| Trade receivables | 40 | €626,712 | €1,013,810 | +€387,098 | +61.8% |
| Other amounts receivable | 41 | €2,818 | €19,719 | +€16,901 | +600% |
| Current investments | 50/53 | €2,772,363 | €1,810,804 | -€961,559 | -34.7% |
| Other investments | 51/53 | €2,772,363 | €1,810,804 | -€961,559 | -34.7% |
| Cash at bank and in hand | 54/58 | €263,812 | €192,555 | -€71,257 | -27.0% |
| Deferred charges and accrued income | 490/1 | €13,354 | €10,107 | -€3,247 | -24.3% |
| Total equity and liabilities | 10/49 | €4,156,991 | €3,286,468 | -€870,523 | -20.9% |
| Equity | 10/15 | €607,573 | €607,573 | = | 0.0% |
| Contributions | 10/11 | €496,000 | €496,000 | = | 0.0% |
| Capital | 10 | €496,000 | €496,000 | = | 0.0% |
| Issued capital | 100 | €496,000 | €496,000 | = | 0.0% |
| Reserves | 13 | €111,573 | €111,573 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,600 | €49,600 | = | 0.0% |
| Legal reserve | 130 | €49,600 | €49,600 | = | 0.0% |
| Distributable reserves | 133 | €61,973 | €61,973 | = | 0.0% |
| Amounts payable | 17/49 | €3,549,418 | €2,678,895 | -€870,523 | -24.5% |
| Amounts payable after more than one year | 17 | €16,883 | €1,985 | -€14,898 | -88.2% |
| Financial debts | 170/4 | €16,883 | €1,985 | -€14,898 | -88.2% |
| Leasing and similar obligations | 172 | €16,883 | €1,985 | -€14,898 | -88.2% |
| Amounts payable within one year | 42/48 | €3,518,618 | €2,663,802 | -€854,816 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €16,981 | €14,898 | -€2,083 | -12.3% |
| Trade debts | 44 | €2,078,211 | €998,478 | -€1.1m | -52.0% |
| Suppliers | 440/4 | €2,078,211 | €998,478 | -€1.1m | -52.0% |
| Taxes, remuneration and social security | 45 | €98,728 | €176,469 | +€77,741 | +78.7% |
| Taxes | 450/3 | €20,096 | €97,391 | +€77,295 | +385% |
| Remuneration and social security | 454/9 | €78,632 | €79,078 | +€446 | +0.6% |
| Other amounts payable | 47/48 | €1,324,698 | €1,473,957 | +€149,259 | +11.3% |
| Accrued charges and deferred income | 492/3 | €13,917 | €13,108 | -€809 | -5.8% |
| Operating income | 70/76A | €8,996,522 | €9,670,299 | +€673,777 | +7.5% |
| Turnover | 70 | €8,742,952 | €9,855,305 | +€1.1m | +12.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €178,540 | -€198,768 | -€377,308 | |
| Other operating income | 74 | €72,480 | €13,762 | -€58,718 | -81.0% |
| Non-recurring operating income | 76A | €2,550 | - | -€2,550 | |
| Operating charges | 60/66A | €7,832,573 | €8,116,461 | +€283,888 | +3.6% |
| Goods for resale, raw materials and consumables | 60 | €6,028,667 | €6,491,693 | +€463,026 | +7.7% |
| Purchases | 600/8 | €6,033,582 | €6,451,963 | +€418,381 | +6.9% |
| Change in stocks: decrease (increase) | 609 | -€4,915 | €39,730 | +€44,645 | |
| Services and other goods | 61 | €683,640 | €763,111 | +€79,471 | +11.6% |
| Remuneration, social security and pensions | 62 | €816,573 | €837,285 | +€20,712 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,323 | €20,714 | -€2,609 | -11.2% |
| Other operating charges | 640/8 | €280,370 | €3,658 | -€276,712 | -98.7% |
| Operating profit (loss) | 9901 | €1,163,949 | €1,553,838 | +€389,889 | +33.5% |
| Financial income | 75/76B | €68,868 | €52,524 | -€16,344 | -23.7% |
| Recurring financial income | 75 | €68,868 | €52,524 | -€16,344 | -23.7% |
| Income from current assets | 751 | €68,868 | €52,524 | -€16,344 | -23.7% |
| Financial charges | 65/66B | €6,804 | €6,366 | -€438 | -6.4% |
| Recurring financial charges | 65 | €6,804 | €6,366 | -€438 | -6.4% |
| Debt charges | 650 | €2,805 | €2,025 | -€780 | -27.8% |
| Other financial charges | 652/9 | €3,999 | €4,341 | +€342 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €1,226,013 | €1,599,996 | +€373,983 | +30.5% |
| Income taxes | 67/77 | €98,998 | €126,039 | +€27,041 | +27.3% |
| Taxes | 670/3 | €98,998 | €145,757 | +€46,759 | +47.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €19,718 | +€19,718 | |
| Profit (loss) for the period | 9904 | €1,127,015 | €1,473,957 | +€346,942 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,127,015 | €1,473,957 | +€346,942 | +30.8% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.