WESP EUROPE: what changed
What changed
WESP EUROPE
NACE 30.310, Manufacture of other transport equipment
filed annual accounts (NBB)
Net result for the year
-€160,719
2024 · -€176,686+€15,968
Equity
-€694,298
2024 · -€533,579-€160,719
Cash
€15,691
2024 · €14,140+€1,551
Balance sheet total
€163,714
2024 · €204,893-€41,179
Largest movements
Assets
- Intangible fixed assets -€40,796
down €40,796 (-21.7%), from €187,804 to €147,009
Equity and liabilities
- Profit (loss) carried forward -€160,719
down €160,719 (-18.0%), from -€895,207 to -€1.1m
- Other debts +€114,334
up €114,334 (+16.5%), from €694,252 to €808,587
- Accrued charges and deferred income +€4,358
up €4,358 (+11.0%), from €39,628 to €43,986
Income statement
- Gross operating margin +€24,220
up €24,220 (+44.5%), from -€54,419 to -€30,199
- Financial charges +€4,361
up €4,361 (+10.9%), from €40,158 to €44,519
- Depreciation +€3,874
up €3,874 (+4.8%), from €81,542 to €85,415
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.
Result 2024
-€176,686
Gross operating margin
+€24,220
Depreciation
-€3,874
Other operating charges
-€18
Financial charges
-€4,361
Result 2025
-€160,719
raises the resultlowers the result
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.
From operations
+€46,171
Investment
-€44,619
Financing
€0
Cash 2024
€14,140
From operations (derived)
+€46,171
Net result for the year
-€160,719
Depreciation
+€85,415
Receivables within one year
+€1,882
Deferred charges and accrued income
+€52
Trade debts
+€847
Other debts
+€114,334
Accrued charges and deferred income
+€4,358
Investment (derived)
-€44,619
Investment in fixed assets (net)
-€44,619
Cash 2025
€15,691
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,893 | €163,714 | -€41,179 | -20.1% |
| Fixed assets | 21/28 | €187,804 | €147,009 | -€40,796 | -21.7% |
| Intangible fixed assets | 21 | €187,804 | €147,009 | -€40,796 | -21.7% |
| Current assets | 29/58 | €17,089 | €16,706 | -€383 | -2.2% |
| Amounts receivable within one year | 40/41 | €2,085 | €202 | -€1,882 | -90.3% |
| Trade receivables | 40 | €1,306 | €0 | -€1,306 | -100% |
| Other amounts receivable | 41 | €778 | €202 | -€576 | -74.0% |
| Cash at bank and in hand | 54/58 | €14,140 | €15,691 | +€1,551 | +11.0% |
| Deferred charges and accrued income | 490/1 | €864 | €812 | -€52 | -6.0% |
| Total equity and liabilities | 10/49 | €204,893 | €163,714 | -€41,179 | -20.1% |
| Equity | 10/15 | -€533,579 | -€694,298 | -€160,719 | -30.1% |
| Contributions | 10/11 | €361,500 | €361,500 | = | 0.0% |
| Capital | 10 | €361,500 | €361,500 | = | 0.0% |
| Issued capital | 100 | €361,500 | €361,500 | = | 0.0% |
| Reserves | 13 | €128 | €128 | = | 0.0% |
| Non-distributable reserves | 130/1 | €128 | €128 | = | 0.0% |
| Legal reserve | 130 | €128 | €128 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€895,207 | -€1,055,926 | -€160,719 | -18.0% |
| Amounts payable | 17/49 | €738,472 | €858,012 | +€119,540 | +16.2% |
| Amounts payable within one year | 42/48 | €698,845 | €814,026 | +€115,181 | +16.5% |
| Trade debts | 44 | €4,593 | €5,439 | +€847 | +18.4% |
| Suppliers | 440/4 | €4,593 | €5,439 | +€847 | +18.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €694,252 | €808,587 | +€114,334 | +16.5% |
| Accrued charges and deferred income | 492/3 | €39,628 | €43,986 | +€4,358 | +11.0% |
| Non-recurring operating income | 76A | €8,191 | €0 | -€8,191 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,542 | €85,415 | +€3,874 | +4.8% |
| Other operating charges | 640/8 | €567 | €586 | +€18 | +3.2% |
| Gross operating margin | 9900 | -€54,419 | -€30,199 | +€24,220 | +44.5% |
| Operating profit (loss) | 9901 | -€136,528 | -€116,199 | +€20,328 | +14.9% |
| Financial charges | 65/66B | €40,158 | €44,519 | +€4,361 | +10.9% |
| Recurring financial charges | 65 | €40,158 | €44,519 | +€4,361 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | -€176,686 | -€160,719 | +€15,968 | +9.0% |
| Profit (loss) for the period | 9904 | -€176,686 | -€160,719 | +€15,968 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€176,686 | -€160,719 | +€15,968 | +9.0% |
Next steps
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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 6 November 2026 via checked.be.