Wesdec: 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.
Wesdec
Largest movements
- Stocks and contracts -€4,579
down €4,579 (-83.2%), from €5,501 to €922
- Cash -€3,850
down €3,850 (-54.6%), from €7,049 to €3,199
mainly Net result for the year (-€14,384) and Investment in fixed assets (net) (-€2,977)
- Receivables within one year +€1,609
up €1,609 (+53.9%), from €2,986 to €4,594
of which Other amounts receivable: +€3,829
- Profit (loss) carried forward -€14,384
new in 2025: -€14,384
- Other debts +€9,948
up €9,948 (+112%), from €8,902 to €18,850
- Trade debts -€1,768
down €1,768 (-85.1%), from €2,077 to €309
- Gross operating margin -€39,703
down €39,703, from €29,614 to -€10,089
- Taxes -€5,342
down €5,342 (-100%), from €5,342 to €0
- Financial charges -€1,965
down €1,965 (-95.7%), from €2,052 to €88
- Staff costs -€1,182
down €1,182 (-50.5%), from €2,342 to €1,160
- Other operating charges -€487
down €487 (-56.7%), from €858 to €371
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 | €40,169 | €33,658 | -€6,510 | -16.2% |
| Fixed assets | 21/28 | €5,400 | €5,690 | +€291 | +5.4% |
| Tangible fixed assets | 22/27 | €5,400 | €5,690 | +€291 | +5.4% |
| Plant, machinery and equipment | 23 | €2,049 | €1,388 | -€662 | -32.3% |
| Furniture and vehicles | 24 | €3,350 | €4,302 | +€952 | +28.4% |
| Current assets | 29/58 | €34,769 | €27,968 | -€6,801 | -19.6% |
| Amounts receivable after more than one year | 29 | €1,050 | €1,050 | = | 0.0% |
| Other amounts receivable | 291 | €1,050 | €1,050 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,501 | €922 | -€4,579 | -83.2% |
| Stocks | 30/36 | €5,501 | €922 | -€4,579 | -83.2% |
| Amounts receivable within one year | 40/41 | €2,986 | €4,594 | +€1,609 | +53.9% |
| Trade receivables | 40 | €2,518 | €298 | -€2,220 | -88.2% |
| Other amounts receivable | 41 | €468 | €4,297 | +€3,829 | +818% |
| Current investments | 50/53 | €18,183 | €18,183 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,049 | €3,199 | -€3,850 | -54.6% |
| Deferred charges and accrued income | 490/1 | - | €20 | +€20 | |
| Total equity and liabilities | 10/49 | €40,169 | €33,658 | -€6,510 | -16.2% |
| Equity | 10/15 | €24,541 | €10,157 | -€14,384 | -58.6% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €17,941 | €17,941 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,191 | €3,191 | = | 0.0% |
| Distributable reserves | 133 | €14,749 | €14,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,384 | -€14,384 | |
| Amounts payable | 17/49 | €15,628 | €23,501 | +€7,873 | +50.4% |
| Amounts payable within one year | 42/48 | €15,628 | €23,501 | +€7,873 | +50.4% |
| Trade debts | 44 | €2,077 | €309 | -€1,768 | -85.1% |
| Suppliers | 440/4 | €2,077 | €309 | -€1,768 | -85.1% |
| Taxes, remuneration and social security | 45 | €4,649 | €4,342 | -€307 | -6.6% |
| Taxes | 450/3 | €4,342 | €4,342 | = | 0.0% |
| Remuneration and social security | 454/9 | €307 | - | -€307 | |
| Other amounts payable | 47/48 | €8,902 | €18,850 | +€9,948 | +112% |
| Remuneration, social security and pensions | 62 | €2,342 | €1,160 | -€1,182 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,283 | €2,686 | +€403 | +17.6% |
| Other operating charges | 640/8 | €858 | €371 | -€487 | -56.7% |
| Gross operating margin | 9900 | €29,614 | -€10,089 | -€39,703 | |
| Operating profit (loss) | 9901 | €24,131 | -€14,306 | -€38,437 | |
| Financial income | 75/76B | €18 | €10 | -€7 | -41.0% |
| Recurring financial income | 75 | €18 | €10 | -€7 | -41.0% |
| Financial charges | 65/66B | €2,052 | €88 | -€1,965 | -95.7% |
| Recurring financial charges | 65 | €2,052 | €88 | -€1,965 | -95.7% |
| Profit (loss) for the period before taxes | 9903 | €22,096 | -€14,384 | -€36,480 | |
| Income taxes | 67/77 | €5,342 | €0 | -€5,342 | -100% |
| Profit (loss) for the period | 9904 | €16,754 | -€14,384 | -€31,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,754 | -€14,384 | -€31,138 |
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 29 October 2026 via checked.be.