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
- Receivables within one year +€39,761
up €39,761 (+70.9%), from €56,113 to €95,874
of which Trade receivables: +€44,611
- Tangible fixed assets -€21,755
down €21,755 (-9.1%), from €240,322 to €218,567
of which Furniture and vehicles: -€48,271
- Reserves +€41,517
up €41,517 (+56.1%), from €74,028 to €115,545
of which Distributable reserves: +€38,418
- Current portion of long-term debt -€17,762
down €17,762 (-19.7%), from €90,362 to €72,600
- Other debts -€17,724
down €17,724 (-27.8%), from €63,829 to €46,105
- Tax, wage and social debts +€4,970
up €4,970 (+91.2%), from €5,448 to €10,418
- Gross operating margin +€86,394
up €86,394 (+131.1%), from €65,920 to €152,314
- Depreciation -€27,696
down €27,696 (-21.5%), from €128,619 to €100,923
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 | €328,005 | €343,884 | +€15,879 | +4.8% |
| Fixed assets | 21/28 | €240,402 | €218,647 | -€21,755 | -9.0% |
| Tangible fixed assets | 22/27 | €240,322 | €218,567 | -€21,755 | -9.1% |
| Plant, machinery and equipment | 23 | €20,246 | €84,806 | +€64,560 | +318.9% |
| Furniture and vehicles | 24 | €124,505 | €76,233 | -€48,271 | -38.8% |
| Leasing and similar rights | 25 | €95,572 | €57,528 | -€38,044 | -39.8% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €87,603 | €125,237 | +€37,634 | +43.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €56,113 | €95,874 | +€39,761 | +70.9% |
| Trade receivables | 40 | €51,263 | €95,874 | +€44,611 | +87.0% |
| Other amounts receivable | 41 | €4,850 | €0 | -€4,850 | -100.0% |
| Cash at bank and in hand | 54/58 | €23,198 | €21,791 | -€1,407 | -6.1% |
| Deferred charges and accrued income | 490/1 | €8,291 | €7,572 | -€719 | -8.7% |
| Total equity and liabilities | 10/49 | €328,005 | €343,884 | +€15,879 | +4.8% |
| Equity | 10/15 | €92,628 | €134,145 | +€41,517 | +44.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,028 | €115,545 | +€41,517 | +56.1% |
| Tax-exempt reserves | 132 | €43,476 | €46,575 | +€3,099 | +7.1% |
| Distributable reserves | 133 | €30,552 | €68,970 | +€38,418 | +125.7% |
| Provisions and deferred taxes | 16 | €14,492 | €15,525 | +€1,033 | +7.1% |
| Deferred taxes | 168 | €14,492 | €15,525 | +€1,033 | +7.1% |
| Amounts payable | 17/49 | €220,885 | €194,215 | -€26,671 | -12.1% |
| Amounts payable after more than one year | 17 | €53,600 | €54,333 | +€733 | +1.4% |
| Financial debts | 170/4 | €53,600 | €54,333 | +€733 | +1.4% |
| Amounts payable within one year | 42/48 | €167,285 | €139,881 | -€27,404 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €90,362 | €72,600 | -€17,762 | -19.7% |
| Trade debts | 44 | €7,646 | €10,759 | +€3,112 | +40.7% |
| Suppliers | 440/4 | €7,646 | €10,759 | +€3,112 | +40.7% |
| Taxes, remuneration and social security | 45 | €5,448 | €10,418 | +€4,970 | +91.2% |
| Taxes | 450/3 | €5,448 | €10,418 | +€4,970 | +91.2% |
| Other amounts payable | 47/48 | €63,829 | €46,105 | -€17,724 | -27.8% |
| Non-recurring operating income | 76A | - | €27,431 | +€27,431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,619 | €100,923 | -€27,696 | -21.5% |
| Other operating charges | 640/8 | €807 | €685 | -€123 | -15.2% |
| Gross operating margin | 9900 | €65,920 | €152,314 | +€86,394 | +131.1% |
| Operating profit (loss) | 9901 | -€63,506 | €50,707 | +€114,212 | |
| Financial charges | 65/66B | €5,657 | €5,027 | -€630 | -11.1% |
| Recurring financial charges | 65 | €5,657 | €5,027 | -€630 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€69,163 | €45,680 | +€114,843 | |
| Transfer from deferred taxes | 780 | €4,900 | €5,217 | +€317 | +6.5% |
| Transfer to deferred taxes | 680 | - | €6,250 | +€6,250 | |
| Income taxes | 67/77 | €2,588 | €3,130 | +€542 | +20.9% |
| Profit (loss) for the period | 9904 | -€66,851 | €41,517 | +€108,368 | |
| Transfer from tax-exempt reserves | 789 | €14,699 | €15,651 | +€952 | +6.5% |
| Transfer to tax-exempt reserves | 689 | - | €18,750 | +€18,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,152 | €38,418 | +€90,570 |
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 9 October 2026 via checked.be.