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
- Cash -€39,718
down €39,718 (-19.0%), from €209,309 to €169,591
mainly Receivables within one year (-€26,409) and Net result for the year (-€20,568)
- Receivables within one year +€26,409
up €26,409 (+403%), from €6,557 to €32,967
of which Trade receivables: +€21,845
- Deferred charges and accrued income +€3,055
up €3,055 (+52.3%), from €5,845 to €8,900
- Profit (loss) carried forward -€20,568
down €20,568 (-18.5%), from €111,450 to €90,882
- Advances received +€18,663
up €18,663 (+280%), from €6,658 to €25,321
- Trade debts -€5,288
down €5,288 (-69.1%), from €7,654 to €2,366
- Tax, wage and social debts -€4,198
down €4,198 (-100%), from €4,198 to €0
of which Remuneration and social security: -€3,000
- Gross operating margin -€38,481
down €38,481, from €23,496 to -€14,985
- Taxes -€5,113
down €5,113 (-100%), from €5,113 to €0
- Financial charges -€834
down €834 (-32.7%), from €2,553 to €1,719
- Financial income +€417
up €417 (+21.0%), from €1,987 to €2,403
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 | €284,806 | €275,894 | -€8,913 | -3.1% |
| Fixed assets | 21/28 | €19,095 | €20,435 | +€1,340 | +7.0% |
| Tangible fixed assets | 22/27 | €19,095 | €20,435 | +€1,340 | +7.0% |
| Land and buildings | 22 | €12,460 | €11,409 | -€1,051 | -8.4% |
| Plant, machinery and equipment | 23 | €4,935 | €3,979 | -€956 | -19.4% |
| Furniture and vehicles | 24 | €1,699 | €5,047 | +€3,347 | +197% |
| Current assets | 29/58 | €265,711 | €255,458 | -€10,253 | -3.9% |
| Amounts receivable after more than one year | 29 | €44,000 | €44,000 | = | 0.0% |
| Other amounts receivable | 291 | €44,000 | €44,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,557 | €32,967 | +€26,409 | +403% |
| Trade receivables | 40 | €0 | €21,845 | +€21,845 | |
| Other amounts receivable | 41 | €6,557 | €11,122 | +€4,565 | +69.6% |
| Cash at bank and in hand | 54/58 | €209,309 | €169,591 | -€39,718 | -19.0% |
| Deferred charges and accrued income | 490/1 | €5,845 | €8,900 | +€3,055 | +52.3% |
| Total equity and liabilities | 10/49 | €284,806 | €275,894 | -€8,913 | -3.1% |
| Equity | 10/15 | €260,348 | €239,780 | -€20,568 | -7.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €138,898 | €138,898 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €138,898 | €138,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,450 | €90,882 | -€20,568 | -18.5% |
| Amounts payable | 17/49 | €24,458 | €36,114 | +€11,655 | +47.7% |
| Amounts payable within one year | 42/48 | €24,458 | €33,635 | +€9,176 | +37.5% |
| Trade debts | 44 | €7,654 | €2,366 | -€5,288 | -69.1% |
| Suppliers | 440/4 | €7,654 | €2,366 | -€5,288 | -69.1% |
| Advances received on contracts in progress | 46 | €6,658 | €25,321 | +€18,663 | +280% |
| Taxes, remuneration and social security | 45 | €4,198 | €0 | -€4,198 | -100% |
| Taxes | 450/3 | €1,198 | €0 | -€1,198 | -100% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €5,948 | €5,948 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,479 | +€2,479 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,129 | €4,267 | +€138 | +3.3% |
| Other operating charges | 640/8 | €1,709 | €1,755 | +€47 | +2.7% |
| Non-recurring operating charges | 66A | - | €244 | +€244 | |
| Gross operating margin | 9900 | €23,496 | -€14,985 | -€38,481 | |
| Operating profit (loss) | 9901 | €17,658 | -€21,251 | -€38,910 | |
| Financial income | 75/76B | €1,987 | €2,403 | +€417 | +21.0% |
| Recurring financial income | 75 | €1,987 | €2,403 | +€417 | +21.0% |
| Financial charges | 65/66B | €2,553 | €1,719 | -€834 | -32.7% |
| Recurring financial charges | 65 | €2,553 | €1,719 | -€834 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €17,092 | -€20,568 | -€37,659 | |
| Income taxes | 67/77 | €5,113 | €0 | -€5,113 | -100% |
| Profit (loss) for the period | 9904 | €11,979 | -€20,568 | -€32,546 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,979 | -€20,568 | -€32,546 |
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 20 October 2026 via checked.be.