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
- Cash +€62,797
up €62,797 (+207.0%), from €30,334 to €93,131
mainly Net result for the year (+€63,038) and Depreciation (+€10,262)
- Tangible fixed assets -€10,262
down €10,262 (-22.5%), from €45,539 to €35,277
of which Furniture and vehicles: -€9,653
- Receivables within one year +€2,859
up €2,859 (+12.7%), from €22,490 to €25,349
of which Other amounts receivable: +€1,721
- Profit (loss) carried forward +€63,038
new in 2025: €63,038
- Tax, wage and social debts -€3,730
down €3,730 (-35.8%), from €10,417 to €6,686
- Other debts -€3,519
down €3,519 (-62.6%), from €5,621 to €2,102
- Depreciation +€5,173
up €5,173 (+101.6%), from €5,089 to €10,262
- Gross operating margin +€4,781
up €4,781 (+5.6%), from €85,400 to €90,181
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 | €99,194 | €154,609 | +€55,414 | +55.9% |
| Fixed assets | 21/28 | €45,539 | €35,277 | -€10,262 | -22.5% |
| Tangible fixed assets | 22/27 | €45,539 | €35,277 | -€10,262 | -22.5% |
| Plant, machinery and equipment | 23 | €2,577 | €1,968 | -€609 | -23.6% |
| Furniture and vehicles | 24 | €42,962 | €33,310 | -€9,653 | -22.5% |
| Current assets | 29/58 | €53,655 | €119,331 | +€65,676 | +122.4% |
| Amounts receivable within one year | 40/41 | €22,490 | €25,349 | +€2,859 | +12.7% |
| Trade receivables | 40 | €22,313 | €23,450 | +€1,137 | +5.1% |
| Other amounts receivable | 41 | €178 | €1,899 | +€1,721 | +969.0% |
| Cash at bank and in hand | 54/58 | €30,334 | €93,131 | +€62,797 | +207.0% |
| Deferred charges and accrued income | 490/1 | €831 | €852 | +€21 | +2.5% |
| Total equity and liabilities | 10/49 | €99,194 | €154,609 | +€55,414 | +55.9% |
| Equity | 10/15 | €81,347 | €144,385 | +€63,038 | +77.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €76,347 | €76,347 | = | 0.0% |
| Distributable reserves | 133 | €76,347 | €76,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €63,038 | +€63,038 | |
| Amounts payable | 17/49 | €17,847 | €10,224 | -€7,623 | -42.7% |
| Amounts payable within one year | 42/48 | €17,017 | €9,984 | -€7,033 | -41.3% |
| Trade debts | 44 | €979 | €1,196 | +€217 | +22.2% |
| Suppliers | 440/4 | €979 | €1,196 | +€217 | +22.2% |
| Taxes, remuneration and social security | 45 | €10,417 | €6,686 | -€3,730 | -35.8% |
| Taxes | 450/3 | €10,417 | €6,686 | -€3,730 | -35.8% |
| Other amounts payable | 47/48 | €5,621 | €2,102 | -€3,519 | -62.6% |
| Accrued charges and deferred income | 492/3 | €831 | €240 | -€591 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,089 | €10,262 | +€5,173 | +101.6% |
| Other operating charges | 640/8 | €118 | €230 | +€112 | +94.9% |
| Gross operating margin | 9900 | €85,400 | €90,181 | +€4,781 | +5.6% |
| Operating profit (loss) | 9901 | €80,193 | €79,689 | -€504 | -0.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €936 | €334 | -€603 | -64.4% |
| Recurring financial charges | 65 | €936 | €334 | -€603 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €79,257 | €79,356 | +€99 | +0.1% |
| Income taxes | 67/77 | €16,686 | €16,318 | -€368 | -2.2% |
| Profit (loss) for the period | 9904 | €62,570 | €63,038 | +€467 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,570 | €63,038 | +€467 | +0.7% |
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 7 October 2026 via checked.be.