WESSAM: 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.
WESSAM
Largest movements
- Receivables within one year +€8,926
up €8,926 (+40.2%), from €22,189 to €31,115
of which Trade receivables: +€9,049
- Cash -€7,811
down €7,811 (-8.1%), from €96,577 to €88,766
mainly Contributions, distributions and other (-€212,104) and Receivables within one year (-€8,926)
- Tangible fixed assets -€5,284
down €5,284 (-38.7%), from €13,641 to €8,357
of which Furniture and vehicles: -€3,511
- Profit (loss) carried forward -€122,560
no longer reported in 2025 (was €122,560)
- Other debts +€111,816
up €111,816 (+4658.2%), from €2,400 to €114,216
- Tax, wage and social debts +€4,911
up €4,911 (+44.1%), from €11,140 to €16,050
- Gross operating margin -€66,415
down €66,415 (-35.8%), from €185,397 to €118,981
- Taxes -€16,676
down €16,676 (-40.7%), from €41,023 to €24,347
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 | €158,174 | €153,151 | -€5,024 | -3.2% |
| Fixed assets | 21/28 | €13,641 | €8,357 | -€5,284 | -38.7% |
| Tangible fixed assets | 22/27 | €13,641 | €8,357 | -€5,284 | -38.7% |
| Plant, machinery and equipment | 23 | €4,332 | €2,933 | -€1,399 | -32.3% |
| Furniture and vehicles | 24 | €6,867 | €3,356 | -€3,511 | -51.1% |
| Other tangible fixed assets | 26 | €2,442 | €2,068 | -€374 | -15.3% |
| Current assets | 29/58 | €144,534 | €144,793 | +€260 | +0.2% |
| Stocks and contracts in progress | 3 | €3,216 | €1,932 | -€1,283 | -39.9% |
| Stocks | 30/36 | €3,216 | €1,932 | -€1,283 | -39.9% |
| Amounts receivable within one year | 40/41 | €22,189 | €31,115 | +€8,926 | +40.2% |
| Trade receivables | 40 | €17,801 | €26,849 | +€9,049 | +50.8% |
| Other amounts receivable | 41 | €4,388 | €4,265 | -€123 | -2.8% |
| Current investments | 50/53 | €20,849 | €21,971 | +€1,122 | +5.4% |
| Cash at bank and in hand | 54/58 | €96,577 | €88,766 | -€7,811 | -8.1% |
| Deferred charges and accrued income | 490/1 | €1,704 | €1,009 | -€695 | -40.8% |
| Total equity and liabilities | 10/49 | €158,174 | €153,151 | -€5,024 | -3.2% |
| Equity | 10/15 | €144,560 | €22,000 | -€122,560 | -84.8% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,560 | - | -€122,560 | |
| Amounts payable | 17/49 | €13,614 | €131,151 | +€117,536 | +863.3% |
| Amounts payable within one year | 42/48 | €13,614 | €131,151 | +€117,536 | +863.3% |
| Trade debts | 44 | €74 | €884 | +€810 | +1090.2% |
| Suppliers | 440/4 | €74 | €884 | +€810 | +1090.2% |
| Taxes, remuneration and social security | 45 | €11,140 | €16,050 | +€4,911 | +44.1% |
| Taxes | 450/3 | €11,140 | €16,050 | +€4,911 | +44.1% |
| Other amounts payable | 47/48 | €2,400 | €114,216 | +€111,816 | +4658.2% |
| Non-recurring operating income | 76A | €2,714 | - | -€2,714 | |
| Remuneration, social security and pensions | 62 | - | €516 | +€516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,600 | €5,284 | +€683 | +14.9% |
| Other operating charges | 640/8 | €1,291 | €1,385 | +€94 | +7.2% |
| Gross operating margin | 9900 | €185,397 | €118,981 | -€66,415 | -35.8% |
| Operating profit (loss) | 9901 | €179,505 | €111,796 | -€67,709 | -37.7% |
| Financial income | 75/76B | €1,090 | €2,239 | +€1,149 | +105.5% |
| Recurring financial income | 75 | €1,090 | €2,239 | +€1,149 | +105.5% |
| Financial charges | 65/66B | €155 | €145 | -€10 | -6.4% |
| Recurring financial charges | 65 | €155 | €145 | -€10 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €180,439 | €113,890 | -€66,549 | -36.9% |
| Income taxes | 67/77 | €41,023 | €24,347 | -€16,676 | -40.7% |
| Profit (loss) for the period | 9904 | €139,417 | €89,544 | -€49,873 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €139,417 | €89,544 | -€49,873 | -35.8% |
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 6 October 2026 via checked.be.