WESSEM BELGIUM: 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.
WESSEM BELGIUM
Largest movements
- Receivables within one year +€318,987
up €318,987 (+42.3%), from €753,885 to €1.1m
of which Trade receivables: +€319,637
- Cash +€134,316
up €134,316 (+46.9%), from €286,314 to €420,630
mainly Trade debts (+€232,544) and Depreciation (+€161,355)
- Tangible fixed assets -€117,205
down €117,205 (-11.4%), from €1.0m to €914,113
of which Plant, machinery and equipment: -€115,754
- Trade debts +€232,544
up €232,544 (+23.8%), from €975,199 to €1.2m
- Profit (loss) carried forward +€53,164
up €53,164 (+11.7%), from €455,298 to €508,461
- Tax, wage and social debts +€30,680
up €30,680 (+344%), from €8,928 to €39,608
of which Taxes: +€30,446
- Depreciation +€30,652
up €30,652 (+23.5%), from €130,704 to €161,355
- Staff costs +€12,530
up €12,530 (+6.5%), from €193,015 to €205,544
- Taxes -€9,008
down €9,008 (-28.5%), from €31,652 to €22,644
- Gross operating margin +€5,888
up €5,888 (+1.2%), from €487,966 to €493,853
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 | €2,440,372 | €2,756,416 | +€316,044 | +13.0% |
| Fixed assets | 21/28 | €1,031,318 | €914,113 | -€117,205 | -11.4% |
| Tangible fixed assets | 22/27 | €1,031,318 | €914,113 | -€117,205 | -11.4% |
| Land and buildings | 22 | €602,822 | €561,952 | -€40,869 | -6.8% |
| Plant, machinery and equipment | 23 | €404,358 | €288,603 | -€115,754 | -28.6% |
| Furniture and vehicles | 24 | €24,138 | €19,407 | -€4,732 | -19.6% |
| Assets under construction and advance payments | 27 | - | €44,150 | +€44,150 | |
| Current assets | 29/58 | €1,409,054 | €1,842,303 | +€433,250 | +30.7% |
| Stocks and contracts in progress | 3 | €368,854 | €346,343 | -€22,512 | -6.1% |
| Stocks | 30/36 | €368,854 | €346,343 | -€22,512 | -6.1% |
| Amounts receivable within one year | 40/41 | €753,885 | €1,072,872 | +€318,987 | +42.3% |
| Trade receivables | 40 | €748,038 | €1,067,675 | +€319,637 | +42.7% |
| Other amounts receivable | 41 | €5,847 | €5,197 | -€650 | -11.1% |
| Cash at bank and in hand | 54/58 | €286,314 | €420,630 | +€134,316 | +46.9% |
| Deferred charges and accrued income | 490/1 | - | €2,459 | +€2,459 | |
| Total equity and liabilities | 10/49 | €2,440,372 | €2,756,416 | +€316,044 | +13.0% |
| Equity | 10/15 | €955,901 | €1,009,065 | +€53,164 | +5.6% |
| Contributions | 10/11 | €312,000 | €312,000 | = | 0.0% |
| Capital | 10 | €312,000 | €312,000 | = | 0.0% |
| Issued capital | 100 | €312,000 | €312,000 | = | 0.0% |
| Reserves | 13 | €188,604 | €188,604 | = | 0.0% |
| Non-distributable reserves | 130/1 | €115,329 | €115,329 | = | 0.0% |
| Legal reserve | 130 | €31,200 | €31,200 | = | 0.0% |
| Other | 1319 | €84,129 | €84,129 | = | 0.0% |
| Distributable reserves | 133 | €73,275 | €73,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | €455,298 | €508,461 | +€53,164 | +11.7% |
| Amounts payable | 17/49 | €1,484,470 | €1,747,351 | +€262,881 | +17.7% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €984,127 | €1,247,351 | +€263,224 | +26.7% |
| Trade debts | 44 | €975,199 | €1,207,743 | +€232,544 | +23.8% |
| Suppliers | 440/4 | €975,199 | €1,207,743 | +€232,544 | +23.8% |
| Taxes, remuneration and social security | 45 | €8,928 | €39,608 | +€30,680 | +344% |
| Taxes | 450/3 | €2,370 | €32,816 | +€30,446 | +1,284% |
| Remuneration and social security | 454/9 | €6,558 | €6,792 | +€234 | +3.6% |
| Accrued charges and deferred income | 492/3 | €343 | - | -€343 | |
| Remuneration, social security and pensions | 62 | €193,015 | €205,544 | +€12,530 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,704 | €161,355 | +€30,652 | +23.5% |
| Other operating charges | 640/8 | €8,449 | €9,195 | +€746 | +8.8% |
| Gross operating margin | 9900 | €487,966 | €493,853 | +€5,888 | +1.2% |
| Operating profit (loss) | 9901 | €155,798 | €117,758 | -€38,040 | -24.4% |
| Financial income | 75/76B | €4 | €13 | +€9 | +219% |
| Recurring financial income | 75 | €4 | €13 | +€9 | +219% |
| Financial charges | 65/66B | €40,396 | €41,963 | +€1,568 | +3.9% |
| Recurring financial charges | 65 | €40,396 | €41,963 | +€1,568 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €115,407 | €75,808 | -€39,599 | -34.3% |
| Income taxes | 67/77 | €31,652 | €22,644 | -€9,008 | -28.5% |
| Profit (loss) for the period | 9904 | €83,754 | €53,164 | -€30,591 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €83,754 | €53,164 | -€30,591 | -36.5% |
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 20 October 2026 via checked.be.