WET: 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.
WET
Largest movements
- Receivables within one year +€411,383
up €411,383 (+656.6%), from €62,653 to €474,036
of which Trade receivables: +€416,955
- Deferred charges and accrued income -€87,489
down €87,489 (-44.3%), from €197,498 to €110,009
- Intangible fixed assets +€73,473
up €73,473 (+168.2%), from €43,687 to €117,160
- Stocks and contracts +€50,448
up €50,448 (+4774.8%), from €1,057 to €51,505
- Cash +€10,243
up €10,243 (+27.4%), from €37,400 to €47,644
mainly Accrued charges and deferred income (+€367,090) and Net result for the year (+€204,163)
- Accrued charges and deferred income +€367,090
new in 2025: €367,090
- Trade debts -€279,264
down €279,264 (-90.3%), from €309,329 to €30,065
- Profit (loss) carried forward +€204,163
up €204,163 (+3760.4%), from €5,429 to €209,593
- Debts after one year +€70,283
new in 2025: €70,283
- Tax, wage and social debts +€67,432
up €67,432 (+1001.0%), from €6,737 to €74,169
- Turnover +€418,948
up €418,948 (+53.9%), from €777,923 to €1.2m
- Goods and materials +€236,314
up €236,314 (+67.0%), from €352,740 to €589,055
of which Purchases: +€285,706
- Services and other goods +€212,969
up €212,969 (+130.6%), from €163,082 to €376,051
- Taxes +€62,588
up €62,588 (+2595.3%), from €2,412 to €65,000
- Financial charges -€50,204
down €50,204 (-85.7%), from €58,574 to €8,370
of which Financial charges: -€50,094
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 | €346,616 | €803,681 | +€457,065 | +131.9% |
| Fixed assets | 21/28 | €48,008 | €120,488 | +€72,480 | +151.0% |
| Intangible fixed assets | 21 | €43,687 | €117,160 | +€73,473 | +168.2% |
| Tangible fixed assets | 22/27 | €4,202 | €3,209 | -€993 | -23.6% |
| Plant, machinery and equipment | 23 | €792 | €382 | -€410 | -51.8% |
| Furniture and vehicles | 24 | €3,410 | €2,827 | -€583 | -17.1% |
| Financial fixed assets | 28 | €119 | €119 | = | 0.0% |
| Other financial fixed assets | 284/8 | €119 | €119 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €119 | €119 | = | 0.0% |
| Current assets | 29/58 | €298,608 | €683,194 | +€384,585 | +128.8% |
| Stocks and contracts in progress | 3 | €1,057 | €51,505 | +€50,448 | +4774.8% |
| Stocks | 30/36 | €1,057 | €51,505 | +€50,448 | +4774.8% |
| Goods purchased for resale | 34 | €1,057 | €51,505 | +€50,448 | +4774.8% |
| Amounts receivable within one year | 40/41 | €62,653 | €474,036 | +€411,383 | +656.6% |
| Trade receivables | 40 | €50,305 | €467,260 | +€416,955 | +828.9% |
| Other amounts receivable | 41 | €12,348 | €6,776 | -€5,572 | -45.1% |
| Cash at bank and in hand | 54/58 | €37,400 | €47,644 | +€10,243 | +27.4% |
| Deferred charges and accrued income | 490/1 | €197,498 | €110,009 | -€87,489 | -44.3% |
| Total equity and liabilities | 10/49 | €346,616 | €803,681 | +€457,065 | +131.9% |
| Equity | 10/15 | €30,429 | €234,593 | +€204,163 | +670.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,429 | €209,593 | +€204,163 | +3760.4% |
| Amounts payable | 17/49 | €316,187 | €569,089 | +€252,902 | +80.0% |
| Amounts payable after more than one year | 17 | - | €70,283 | +€70,283 | |
| Financial debts | 170/4 | - | €70,283 | +€70,283 | |
| Credit institutions | 173 | - | €70,283 | +€70,283 | |
| Amounts payable within one year | 42/48 | €316,187 | €131,717 | -€184,471 | -58.3% |
| Financial debts | 43 | - | €18,974 | +€18,974 | |
| Credit institutions | 430/8 | - | €18,974 | +€18,974 | |
| Trade debts | 44 | €309,329 | €30,065 | -€279,264 | -90.3% |
| Suppliers | 440/4 | €309,329 | €30,065 | -€279,264 | -90.3% |
| Advances received on contracts in progress | 46 | - | €1,444 | +€1,444 | |
| Taxes, remuneration and social security | 45 | €6,737 | €74,169 | +€67,432 | +1001.0% |
| Taxes | 450/3 | €6,737 | €74,169 | +€67,432 | +1001.0% |
| Other amounts payable | 47/48 | €121 | €7,064 | +€6,943 | +5740.6% |
| Accrued charges and deferred income | 492/3 | - | €367,090 | +€367,090 | |
| Operating income | 70/76A | €796,524 | €1,261,369 | +€464,845 | +58.4% |
| Turnover | 70 | €777,923 | €1,196,870 | +€418,948 | +53.9% |
| Other operating income | 74 | €18,602 | €64,499 | +€45,897 | +246.7% |
| Operating charges | 60/66A | €550,837 | €988,530 | +€437,693 | +79.5% |
| Goods for resale, raw materials and consumables | 60 | €352,740 | €589,055 | +€236,314 | +67.0% |
| Purchases | 600/8 | €353,797 | €639,503 | +€285,706 | +80.8% |
| Change in stocks: decrease (increase) | 609 | -€1,057 | -€50,448 | -€49,392 | -4674.8% |
| Services and other goods | 61 | €163,082 | €376,051 | +€212,969 | +130.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,076 | €22,799 | +€7,723 | +51.2% |
| Other operating charges | 640/8 | €19,939 | €625 | -€19,314 | -96.9% |
| Operating profit (loss) | 9901 | €245,688 | €272,839 | +€27,152 | +11.1% |
| Financial income | 75/76B | €1,645 | €4,694 | +€3,048 | +185.3% |
| Recurring financial income | 75 | €1,645 | €4,694 | +€3,048 | +185.3% |
| Other financial income | 752/9 | €1,645 | €4,694 | +€3,048 | +185.3% |
| Financial charges | 65/66B | €58,574 | €8,370 | -€50,204 | -85.7% |
| Recurring financial charges | 65 | €58,463 | €8,370 | -€50,094 | -85.7% |
| Other financial charges | 652/9 | €58,463 | €8,370 | -€50,094 | -85.7% |
| Non-recurring financial charges | 66B | €111 | - | -€111 | |
| Profit (loss) for the period before taxes | 9903 | €188,759 | €269,163 | +€80,404 | +42.6% |
| Income taxes | 67/77 | €2,412 | €65,000 | +€62,588 | +2595.3% |
| Taxes | 670/3 | €2,412 | €65,000 | +€62,588 | +2595.3% |
| Profit (loss) for the period | 9904 | €186,347 | €204,163 | +€17,816 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €186,347 | €204,163 | +€17,816 | +9.6% |
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 7 October 2026 via checked.be.