WET.BE: 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.
WET.BE
Largest movements
- Tangible fixed assets -€47,104
down €47,104 (-33.1%), from €142,498 to €95,394
of which Plant, machinery and equipment: -€33,438
- Stocks and contracts -€23,129
down €23,129 (-37.3%), from €62,053 to €38,924
- Receivables within one year -€9,612
down €9,612 (-38.9%), from €24,737 to €15,125
of which Trade receivables: -€9,652
- Cash -€8,321
down €8,321 (-12.4%), from €66,924 to €58,603
mainly Net result for the year (-€259,318) and Trade debts (-€19,302)
- Intangible fixed assets -€3,750
no longer reported in 2025 (was €3,750)
- Profit (loss) carried forward -€259,318
down €259,318 (-149%), from -€174,511 to -€433,829
- Other debts +€177,748
up €177,748 (+55.5%), from €320,212 to €497,960
- Tax, wage and social debts +€19,760
up €19,760 (+27.5%), from €71,978 to €91,738
of which Remuneration and social security: +€29,971
- Trade debts -€19,302
down €19,302 (-40.7%), from €47,469 to €28,167
- Advances received -€7,000
no longer reported in 2025 (was €7,000)
- Gross operating margin -€174,250
down €174,250 (-30.4%), from €572,431 to €398,181
- Staff costs -€57,062
down €57,062 (-8.8%), from €647,428 to €590,366
- Depreciation -€26,420
down €26,420 (-34.2%), from €77,275 to €50,855
- Financial income +€7,127
up €7,127 (+23,756,567%), from €0 to €7,127
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 | €306,026 | €217,036 | -€88,990 | -29.1% |
| Fixed assets | 21/28 | €146,248 | €95,394 | -€50,854 | -34.8% |
| Intangible fixed assets | 21 | €3,750 | - | -€3,750 | |
| Tangible fixed assets | 22/27 | €142,498 | €95,394 | -€47,104 | -33.1% |
| Plant, machinery and equipment | 23 | €112,080 | €78,642 | -€33,438 | -29.8% |
| Furniture and vehicles | 24 | €30,419 | €16,752 | -€13,667 | -44.9% |
| Current assets | 29/58 | €159,778 | €121,642 | -€38,136 | -23.9% |
| Stocks and contracts in progress | 3 | €62,053 | €38,924 | -€23,129 | -37.3% |
| Stocks | 30/36 | €62,053 | €38,924 | -€23,129 | -37.3% |
| Amounts receivable within one year | 40/41 | €24,737 | €15,125 | -€9,612 | -38.9% |
| Trade receivables | 40 | €19,081 | €9,429 | -€9,652 | -50.6% |
| Other amounts receivable | 41 | €5,656 | €5,696 | +€40 | +0.7% |
| Cash at bank and in hand | 54/58 | €66,924 | €58,603 | -€8,321 | -12.4% |
| Deferred charges and accrued income | 490/1 | €6,064 | €8,990 | +€2,926 | +48.2% |
| Total equity and liabilities | 10/49 | €306,026 | €217,036 | -€88,990 | -29.1% |
| Equity | 10/15 | -€141,511 | -€400,829 | -€259,318 | -183% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,511 | -€433,829 | -€259,318 | -149% |
| Amounts payable | 17/49 | €447,537 | €617,865 | +€170,328 | +38.1% |
| Amounts payable within one year | 42/48 | €447,537 | €617,865 | +€170,328 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €878 | - | -€878 | |
| Trade debts | 44 | €47,469 | €28,167 | -€19,302 | -40.7% |
| Suppliers | 440/4 | €47,469 | €28,167 | -€19,302 | -40.7% |
| Advances received on contracts in progress | 46 | €7,000 | - | -€7,000 | |
| Taxes, remuneration and social security | 45 | €71,978 | €91,738 | +€19,760 | +27.5% |
| Taxes | 450/3 | €41,880 | €31,669 | -€10,211 | -24.4% |
| Remuneration and social security | 454/9 | €30,098 | €60,069 | +€29,971 | +99.6% |
| Other amounts payable | 47/48 | €320,212 | €497,960 | +€177,748 | +55.5% |
| Remuneration, social security and pensions | 62 | €647,428 | €590,366 | -€57,062 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,275 | €50,855 | -€26,420 | -34.2% |
| Other operating charges | 640/8 | €15,219 | €9,660 | -€5,559 | -36.5% |
| Gross operating margin | 9900 | €572,431 | €398,181 | -€174,250 | -30.4% |
| Operating profit (loss) | 9901 | -€167,491 | -€252,700 | -€85,209 | -50.9% |
| Financial income | 75/76B | €0 | €7,127 | +€7,127 | +23,756,567% |
| Recurring financial income | 75 | €0 | €7,127 | +€7,127 | +23,756,567% |
| Financial charges | 65/66B | €17,970 | €13,591 | -€4,379 | -24.4% |
| Recurring financial charges | 65 | €17,970 | €13,591 | -€4,379 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | -€185,460 | -€259,164 | -€73,704 | -39.7% |
| Income taxes | 67/77 | €2,890 | €154 | -€2,736 | -94.7% |
| Profit (loss) for the period | 9904 | -€188,350 | -€259,318 | -€70,968 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€188,350 | -€259,318 | -€70,968 | -37.7% |
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 17 October 2026 via checked.be.