WESOR: 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.
WESOR
Largest movements
- Current investments -€600,000
down €600,000 (-100%), from €600,000 to €0
- Cash +€299,761
up €299,761 (+447%), from €66,987 to €366,749
mainly Current investments (+€600,000) and Depreciation (+€98,963)
- Tangible fixed assets +€150,310
up €150,310 (+8.3%), from €1.8m to €2.0m
of which Land and buildings: +€164,661
- Profit (loss) carried forward -€125,929
down €125,929 (-7.2%), from €1.8m to €1.6m
- Debts after one year -€35,000
down €35,000 (-6.1%), from €575,000 to €540,000
- Gross operating margin -€36,353
down €36,353, from €28,359 to -€7,994
- Financial income +€4,334
up €4,334 (+79.0%), from €5,484 to €9,818
- Other operating charges -€2,197
down €2,197 (-29.2%), from €7,535 to €5,339
- Financial charges -€1,653
down €1,653 (-7.1%), from €23,403 to €21,750
- Depreciation +€1,197
up €1,197 (+1.2%), from €97,765 to €98,963
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 | €2,500,529 | €2,353,801 | -€146,728 | -5.9% |
| Fixed assets | 21/28 | €1,817,961 | €1,968,271 | +€150,310 | +8.3% |
| Tangible fixed assets | 22/27 | €1,810,461 | €1,960,771 | +€150,310 | +8.3% |
| Land and buildings | 22 | €1,795,348 | €1,960,009 | +€164,661 | +9.2% |
| Furniture and vehicles | 24 | €15,113 | €762 | -€14,351 | -95.0% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €682,568 | €385,530 | -€297,038 | -43.5% |
| Amounts receivable within one year | 40/41 | €8,988 | €12,354 | +€3,366 | +37.4% |
| Other amounts receivable | 41 | €8,988 | €12,354 | +€3,366 | +37.4% |
| Current investments | 50/53 | €600,000 | €0 | -€600,000 | -100% |
| Cash at bank and in hand | 54/58 | €66,987 | €366,749 | +€299,761 | +447% |
| Deferred charges and accrued income | 490/1 | €6,593 | €6,427 | -€165 | -2.5% |
| Total equity and liabilities | 10/49 | €2,500,529 | €2,353,801 | -€146,728 | -5.9% |
| Equity | 10/15 | €1,917,986 | €1,792,057 | -€125,929 | -6.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,752,986 | €1,627,057 | -€125,929 | -7.2% |
| Amounts payable | 17/49 | €582,543 | €561,744 | -€20,799 | -3.6% |
| Amounts payable after more than one year | 17 | €575,000 | €540,000 | -€35,000 | -6.1% |
| Other amounts payable | 178/9 | €575,000 | €540,000 | -€35,000 | -6.1% |
| Amounts payable within one year | 42/48 | €7,543 | €144 | -€7,399 | -98.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €643 | €144 | -€499 | -77.7% |
| Suppliers | 440/4 | €643 | €144 | -€499 | -77.7% |
| Taxes, remuneration and social security | 45 | €6,900 | €0 | -€6,900 | -100% |
| Taxes | 450/3 | €6,900 | €0 | -€6,900 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €21,600 | +€21,600 | |
| Non-recurring operating income | 76A | €65,811 | €0 | -€65,811 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,765 | €98,963 | +€1,197 | +1.2% |
| Other operating charges | 640/8 | €7,535 | €5,339 | -€2,197 | -29.2% |
| Gross operating margin | 9900 | €28,359 | -€7,994 | -€36,353 | |
| Operating profit (loss) | 9901 | -€76,941 | -€112,295 | -€35,354 | -45.9% |
| Financial income | 75/76B | €5,484 | €9,818 | +€4,334 | +79.0% |
| Recurring financial income | 75 | €5,484 | €9,818 | +€4,334 | +79.0% |
| Financial charges | 65/66B | €23,403 | €21,750 | -€1,653 | -7.1% |
| Recurring financial charges | 65 | €23,403 | €21,750 | -€1,653 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€94,861 | -€124,227 | -€29,367 | -31.0% |
| Income taxes | 67/77 | €1,713 | €1,702 | -€12 | -0.7% |
| Profit (loss) for the period | 9904 | -€96,574 | -€125,929 | -€29,355 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€96,574 | -€125,929 | -€29,355 | -30.4% |
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 13 October 2026 via checked.be.