WESEMAEL: 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.
WESEMAEL
Largest movements
- Tangible fixed assets -€100,858
down €100,858 (-10.8%), from €934,020 to €833,162
of which Land and buildings: -€69,046
- Cash +€97,304
up €97,304 (+72.4%), from €134,425 to €231,728
mainly Depreciation (+€100,858) and Net result for the year (+€61,569)
- Debts after one year -€68,975
down €68,975 (-10.2%), from €675,574 to €606,599
- Reserves +€61,569
up €61,569 (+22.1%), from €278,096 to €339,665
- Trade debts +€16,441
up €16,441 (+54.2%), from €30,325 to €46,766
- Gross operating margin +€68,408
up €68,408 (+43.8%), from €156,168 to €224,576
- Depreciation +€17,652
up €17,652 (+21.2%), from €83,207 to €100,858
- Taxes +€9,929
up €9,929 (+49.3%), from €20,120 to €30,049
- Financial charges +€7,725
up €7,725 (+28.1%), from €27,533 to €35,258
- Write-downs -€6,111
down €6,111, from €5,529 to -€582
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 | €1,298,195 | €1,294,656 | -€3,539 | -0.3% |
| Fixed assets | 21/28 | €934,020 | €833,162 | -€100,858 | -10.8% |
| Tangible fixed assets | 22/27 | €934,020 | €833,162 | -€100,858 | -10.8% |
| Land and buildings | 22 | €841,384 | €772,338 | -€69,046 | -8.2% |
| Furniture and vehicles | 24 | €81,883 | €52,775 | -€29,108 | -35.5% |
| Other tangible fixed assets | 26 | €10,753 | €8,049 | -€2,704 | -25.1% |
| Current assets | 29/58 | €364,175 | €461,494 | +€97,319 | +26.7% |
| Stocks and contracts in progress | 3 | €225,620 | €225,384 | -€236 | -0.1% |
| Stocks | 30/36 | €225,620 | €225,384 | -€236 | -0.1% |
| Amounts receivable within one year | 40/41 | €4,130 | €4,382 | +€252 | +6.1% |
| Trade receivables | 40 | - | €4,382 | +€4,382 | |
| Other amounts receivable | 41 | €4,130 | €0 | -€4,130 | -100.0% |
| Cash at bank and in hand | 54/58 | €134,425 | €231,728 | +€97,304 | +72.4% |
| Total equity and liabilities | 10/49 | €1,298,195 | €1,294,656 | -€3,539 | -0.3% |
| Equity | 10/15 | €476,333 | €537,902 | +€61,569 | +12.9% |
| Contributions | 10/11 | €73,129 | €73,129 | = | 0.0% |
| Reserves | 13 | €278,096 | €339,665 | +€61,569 | +22.1% |
| Distributable reserves | 133 | €278,096 | €339,665 | +€61,569 | +22.1% |
| Profit (loss) carried forward | 14 | €125,108 | €125,108 | = | 0.0% |
| Amounts payable | 17/49 | €821,862 | €756,754 | -€65,108 | -7.9% |
| Amounts payable after more than one year | 17 | €675,574 | €606,599 | -€68,975 | -10.2% |
| Financial debts | 170/4 | €675,574 | €606,599 | -€68,975 | -10.2% |
| Amounts payable within one year | 42/48 | €146,288 | €150,155 | +€3,867 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €67,638 | €68,975 | +€1,337 | +2.0% |
| Financial debts | 43 | €8,403 | €8,446 | +€43 | +0.5% |
| Credit institutions | 430/8 | €8,403 | €8,446 | +€43 | +0.5% |
| Trade debts | 44 | €30,325 | €46,766 | +€16,441 | +54.2% |
| Suppliers | 440/4 | €30,325 | €46,766 | +€16,441 | +54.2% |
| Taxes, remuneration and social security | 45 | €28,738 | €25,061 | -€3,677 | -12.8% |
| Taxes | 450/3 | €28,738 | €25,061 | -€3,677 | -12.8% |
| Other amounts payable | 47/48 | €11,185 | €908 | -€10,277 | -91.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,207 | €100,858 | +€17,652 | +21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,529 | -€582 | -€6,111 | |
| Other operating charges | 640/8 | €1,725 | €4,696 | +€2,971 | +172.3% |
| Gross operating margin | 9900 | €156,168 | €224,576 | +€68,408 | +43.8% |
| Operating profit (loss) | 9901 | €65,707 | €119,603 | +€53,896 | +82.0% |
| Financial income | 75/76B | €10,511 | €7,274 | -€3,238 | -30.8% |
| Recurring financial income | 75 | €10,511 | €7,274 | -€3,238 | -30.8% |
| Financial charges | 65/66B | €27,533 | €35,258 | +€7,725 | +28.1% |
| Recurring financial charges | 65 | €27,533 | €35,258 | +€7,725 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €48,685 | €91,618 | +€42,933 | +88.2% |
| Income taxes | 67/77 | €20,120 | €30,049 | +€9,929 | +49.3% |
| Profit (loss) for the period | 9904 | €28,565 | €61,569 | +€33,004 | +115.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,565 | €61,569 | +€33,004 | +115.5% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.