WESH: what changed
WESH
Largest movements
- Cash -€51,603
down €51,603 (-84.2%), from €61,317 to €9,714
mainly Net result for the year (-€86,133) and Tax, wage and social debts (-€16,080)
- Receivables within one year +€2,044
up €2,044 (+2.3%), from €87,617 to €89,662
of which Other amounts receivable: +€4,036
- Profit (loss) carried forward -€86,133
down €86,133, from €16,810 to -€69,323
- Advances received +€25,916
new in 2025: €25,916
- Trade debts +€18,515
up €18,515 (+137%), from €13,542 to €32,056
- Tax, wage and social debts -€16,080
down €16,080 (-59.5%), from €27,018 to €10,937
of which Taxes: -€14,024
- Other debts +€8,523
up €8,523 (+396%), from €2,151 to €10,674
- Turnover +€288,363
new in 2025: €288,363
- Gross operating margin -€62,371
down €62,371 (-68.4%), from €91,224 to €28,853
- Other operating charges +€51,751
up €51,751 (+13,361%), from €387 to €52,139
- Financial charges -€8,460
down €8,460 (-51.2%), from €16,514 to €8,054
- Staff costs -€7,852
down €7,852 (-12.2%), from €64,261 to €56,410
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,714 | €100,453 | -€49,261 | -32.9% |
| Current assets | 29/58 | €149,714 | €100,453 | -€49,261 | -32.9% |
| Amounts receivable within one year | 40/41 | €87,617 | €89,662 | +€2,044 | +2.3% |
| Trade receivables | 40 | €51,648 | €49,657 | -€1,991 | -3.9% |
| Other amounts receivable | 41 | €35,969 | €40,005 | +€4,036 | +11.2% |
| Cash at bank and in hand | 54/58 | €61,317 | €9,714 | -€51,603 | -84.2% |
| Deferred charges and accrued income | 490/1 | €780 | €1,077 | +€298 | +38.2% |
| Total equity and liabilities | 10/49 | €149,714 | €100,453 | -€49,261 | -32.9% |
| Equity | 10/15 | €107,003 | €20,870 | -€86,133 | -80.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €84,193 | €84,193 | = | 0.0% |
| Distributable reserves | 133 | €84,193 | €84,193 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,810 | -€69,323 | -€86,133 | |
| Amounts payable | 17/49 | €42,711 | €79,583 | +€36,873 | +86.3% |
| Amounts payable within one year | 42/48 | €42,711 | €79,583 | +€36,873 | +86.3% |
| Trade debts | 44 | €13,542 | €32,056 | +€18,515 | +137% |
| Suppliers | 440/4 | €13,542 | €32,056 | +€18,515 | +137% |
| Advances received on contracts in progress | 46 | - | €25,916 | +€25,916 | |
| Taxes, remuneration and social security | 45 | €27,018 | €10,937 | -€16,080 | -59.5% |
| Taxes | 450/3 | €19,950 | €5,926 | -€14,024 | -70.3% |
| Remuneration and social security | 454/9 | €7,068 | €5,011 | -€2,057 | -29.1% |
| Other amounts payable | 47/48 | €2,151 | €10,674 | +€8,523 | +396% |
| Turnover | 70 | - | €288,363 | +€288,363 | |
| Remuneration, social security and pensions | 62 | €64,261 | €56,410 | -€7,852 | -12.2% |
| Other operating charges | 640/8 | €387 | €52,139 | +€51,751 | +13,361% |
| Gross operating margin | 9900 | €91,224 | €28,853 | -€62,371 | -68.4% |
| Operating profit (loss) | 9901 | €26,575 | -€79,695 | -€106,271 | |
| Financial income | 75/76B | €5,224 | €1,615 | -€3,609 | -69.1% |
| Recurring financial income | 75 | €5,224 | €1,615 | -€3,609 | -69.1% |
| Financial charges | 65/66B | €16,514 | €8,054 | -€8,460 | -51.2% |
| Recurring financial charges | 65 | €16,514 | €8,054 | -€8,460 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €15,285 | -€86,133 | -€101,419 | |
| Income taxes | 67/77 | €5,511 | - | -€5,511 | |
| Profit (loss) for the period | 9904 | €9,774 | -€86,133 | -€95,908 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,774 | -€86,133 | -€95,908 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.