WESO: 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.
WESO
Largest movements
- Stocks and contracts +€25,844
new in 2025: €25,844
- Tangible fixed assets -€18,228
down €18,228 (-3.1%), from €591,393 to €573,165
of which Land and buildings: -€10,544
- Current portion of long-term debt -€274,932
down €274,932 (-91.6%), from €300,000 to €25,068
- Debts after one year +€254,915
new in 2025: €254,915
- Other debts +€42,000
up €42,000 (+17.9%), from €234,950 to €276,950
- Profit (loss) carried forward -€7,852
down €7,852 (-42.8%), from -€18,341 to -€26,193
- Other operating charges -€539,635
down €539,635 (-98.0%), from €550,555 to €10,920
- Gross operating margin +€50,827
up €50,827, from -€15,752 to €35,074
- Financial charges -€26,504
down €26,504 (-65.8%), from €40,283 to €13,779
- Depreciation -€7,773
down €7,773 (-29.9%), from €26,001 to €18,228
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 | €767,492 | €778,707 | +€11,215 | +1.5% |
| Fixed assets | 21/28 | €592,393 | €574,165 | -€18,228 | -3.1% |
| Tangible fixed assets | 22/27 | €591,393 | €573,165 | -€18,228 | -3.1% |
| Land and buildings | 22 | €522,584 | €512,039 | -€10,544 | -2.0% |
| Other tangible fixed assets | 26 | €68,809 | €61,125 | -€7,684 | -11.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €175,099 | €204,543 | +€29,443 | +16.8% |
| Stocks and contracts in progress | 3 | - | €25,844 | +€25,844 | |
| Stocks | 30/36 | - | €25,844 | +€25,844 | |
| Amounts receivable within one year | 40/41 | €174,621 | €174,621 | = | 0.0% |
| Trade receivables | 40 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 41 | €172,621 | €172,621 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €479 | €4,078 | +€3,599 | +751.8% |
| Total equity and liabilities | 10/49 | €767,492 | €778,707 | +€11,215 | +1.5% |
| Equity | 10/15 | €228,869 | €221,017 | -€7,852 | -3.4% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €87,210 | €87,210 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €71,210 | €71,210 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,341 | -€26,193 | -€7,852 | -42.8% |
| Amounts payable | 17/49 | €538,623 | €557,690 | +€19,067 | +3.5% |
| Amounts payable after more than one year | 17 | - | €254,915 | +€254,915 | |
| Financial debts | 170/4 | - | €254,915 | +€254,915 | |
| Amounts payable within one year | 42/48 | €538,623 | €302,775 | -€235,848 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €25,068 | -€274,932 | -91.6% |
| Trade debts | 44 | €1,122 | - | -€1,122 | |
| Suppliers | 440/4 | €1,122 | - | -€1,122 | |
| Taxes, remuneration and social security | 45 | €2,550 | €757 | -€1,794 | -70.3% |
| Taxes | 450/3 | €2,550 | €757 | -€1,794 | -70.3% |
| Other amounts payable | 47/48 | €234,950 | €276,950 | +€42,000 | +17.9% |
| Non-recurring operating income | 76A | - | €445 | +€445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,001 | €18,228 | -€7,773 | -29.9% |
| Other operating charges | 640/8 | €550,555 | €10,920 | -€539,635 | -98.0% |
| Non-recurring operating charges | 66A | €328,452 | - | -€328,452 | |
| Gross operating margin | 9900 | -€15,752 | €35,074 | +€50,827 | |
| Operating profit (loss) | 9901 | -€920,761 | €5,926 | +€926,687 | |
| Financial charges | 65/66B | €40,283 | €13,779 | -€26,504 | -65.8% |
| Recurring financial charges | 65 | €40,283 | €13,779 | -€26,504 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | -€961,044 | -€7,852 | +€953,191 | +99.2% |
| Transfer from deferred taxes | 780 | €281,845 | - | -€281,845 | |
| Profit (loss) for the period | 9904 | -€679,199 | -€7,852 | +€671,347 | +98.8% |
| Transfer from tax-exempt reserves | 789 | €731,297 | - | -€731,297 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,098 | -€7,852 | -€59,950 |
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.