WESOUND: what changed
Two fiscal 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.
WESOUND
Largest movements
- Tangible fixed assets +€432,437
up €432,437 (+68.4%), from €632,094 to €1.1m
of which Land and buildings: +€426,633
- Cash -€52,378
down €52,378 (-40.3%), from €129,911 to €77,534
mainly Investment in fixed assets (net) (-€527,784) and Deferred charges and accrued income (-€25,896)
- Receivables within one year -€42,269
down €42,269 (-18.4%), from €230,063 to €187,794
of which Trade receivables: -€54,733
- Deferred charges and accrued income +€25,896
up €25,896 (+202.7%), from €12,776 to €38,672
- Debts after one year +€371,069
up €371,069 (+97.7%), from €379,871 to €750,940
of which Financial debts: +€391,069
- Trade debts +€21,779
up €21,779 (+216.7%), from €10,048 to €31,827
- Gross operating margin -€34,578
down €34,578 (-19.1%), from €181,139 to €146,561
- Depreciation +€19,489
up €19,489 (+25.7%), from €75,858 to €95,346
- Taxes -€11,007
down €11,007 (-89.7%), from €12,264 to €1,257
- Financial charges +€4,493
up €4,493 (+14.2%), from €31,741 to €36,234
- Other operating charges -€4,431
down €4,431 (-23.6%), from €18,754 to €14,323
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 | €1,052,144 | €1,427,831 | +€375,687 | +35.7% |
| Fixed assets | 21/28 | €632,364 | €1,064,802 | +€432,437 | +68.4% |
| Tangible fixed assets | 22/27 | €632,094 | €1,064,532 | +€432,437 | +68.4% |
| Land and buildings | 22 | €463,113 | €889,745 | +€426,633 | +92.1% |
| Plant, machinery and equipment | 23 | €83,221 | €71,077 | -€12,144 | -14.6% |
| Furniture and vehicles | 24 | €83,600 | €101,816 | +€18,216 | +21.8% |
| Other tangible fixed assets | 26 | €2,160 | €1,893 | -€267 | -12.4% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €419,780 | €363,029 | -€56,751 | -13.5% |
| Amounts receivable within one year | 40/41 | €230,063 | €187,794 | -€42,269 | -18.4% |
| Trade receivables | 40 | €90,808 | €36,075 | -€54,733 | -60.3% |
| Other amounts receivable | 41 | €139,255 | €151,719 | +€12,463 | +9.0% |
| Current investments | 50/53 | €47,029 | €59,029 | +€12,000 | +25.5% |
| Cash at bank and in hand | 54/58 | €129,911 | €77,534 | -€52,378 | -40.3% |
| Deferred charges and accrued income | 490/1 | €12,776 | €38,672 | +€25,896 | +202.7% |
| Total equity and liabilities | 10/49 | €1,052,144 | €1,427,831 | +€375,687 | +35.7% |
| Equity | 10/15 | €470,313 | €456,776 | -€13,537 | -2.9% |
| Contributions | 10/11 | €55,067 | €55,067 | = | 0.0% |
| Reserves | 13 | €415,246 | €401,709 | -€13,537 | -3.3% |
| Tax-exempt reserves | 132 | €91,962 | €78,765 | -€13,197 | -14.4% |
| Distributable reserves | 133 | €323,284 | €322,944 | -€339 | -0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €47,354 | €42,954 | -€4,399 | -9.3% |
| Deferred taxes | 168 | €47,354 | €42,954 | -€4,399 | -9.3% |
| Amounts payable | 17/49 | €534,478 | €928,100 | +€393,622 | +73.6% |
| Amounts payable after more than one year | 17 | €379,871 | €750,940 | +€371,069 | +97.7% |
| Financial debts | 170/4 | €163,871 | €554,940 | +€391,069 | +238.6% |
| Other amounts payable | 178/9 | €216,000 | €196,000 | -€20,000 | -9.3% |
| Amounts payable within one year | 42/48 | €137,607 | €161,570 | +€23,964 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €88,355 | €97,275 | +€8,920 | +10.1% |
| Financial debts | 43 | €8,327 | €10,646 | +€2,319 | +27.8% |
| Credit institutions | 430/8 | €8,327 | €10,646 | +€2,319 | +27.8% |
| Trade debts | 44 | €10,048 | €31,827 | +€21,779 | +216.7% |
| Suppliers | 440/4 | €10,048 | €31,827 | +€21,779 | +216.7% |
| Advances received on contracts in progress | 46 | €840 | €0 | -€840 | -100.0% |
| Taxes, remuneration and social security | 45 | €420 | €3 | -€418 | -99.4% |
| Taxes | 450/3 | €420 | €3 | -€418 | -99.4% |
| Other amounts payable | 47/48 | €29,616 | €21,820 | -€7,796 | -26.3% |
| Accrued charges and deferred income | 492/3 | €16,999 | €15,589 | -€1,410 | -8.3% |
| Non-recurring operating income | 76A | €2,650 | €0 | -€2,650 | -100.0% |
| Remuneration, social security and pensions | 62 | €280 | €0 | -€280 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,858 | €95,346 | +€19,489 | +25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €18,754 | €14,323 | -€4,431 | -23.6% |
| Non-recurring operating charges | 66A | €16,310 | €17,438 | +€1,128 | +6.9% |
| Gross operating margin | 9900 | €181,139 | €146,561 | -€34,578 | -19.1% |
| Operating profit (loss) | 9901 | €69,937 | €19,453 | -€50,483 | -72.2% |
| Financial income | 75/76B | €11,311 | €7,606 | -€3,705 | -32.8% |
| Recurring financial income | 75 | €11,311 | €7,606 | -€3,705 | -32.8% |
| Financial charges | 65/66B | €31,741 | €36,234 | +€4,493 | +14.2% |
| Recurring financial charges | 65 | €31,741 | €36,234 | +€4,493 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €49,507 | -€9,175 | -€58,681 | |
| Transfer from deferred taxes | 780 | €3,323 | €4,399 | +€1,076 | +32.4% |
| Income taxes | 67/77 | €12,264 | €1,257 | -€11,007 | -89.7% |
| Profit (loss) for the period | 9904 | €40,565 | -€6,033 | -€46,598 | |
| Transfer from tax-exempt reserves | 789 | €6,453 | €13,197 | +€6,744 | +104.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,018 | €7,164 | -€39,854 | -84.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.