WETEMA: 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.
WETEMA
Largest movements
- Financial fixed assets +€2.5m
up €2.5m (+44.2%), from €5.7m to €8.2m
- Current investments -€2.0m
down €2.0m (-57.3%), from €3.5m to €1.5m
- Receivables within one year +€919,850
up €919,850 (+1,260%), from €72,996 to €992,846
of which Trade receivables: +€935,921
- Cash -€790,252
down €790,252 (-81.4%), from €970,441 to €180,188
mainly Investment in fixed assets (net) (-€2.5m) and Contributions, distributions and other (-€1.8m)
- Other debts +€900,000
new in 2025: €900,000
- Reserves -€667,118
down €667,118 (-13.2%), from €5.1m to €4.4m
of which Distributable reserves: -€664,189
- Tax, wage and social debts +€388,103
up €388,103 (+411%), from €94,538 to €482,641
- Gross operating margin +€1.2m
up €1.2m (+221%), from €521,707 to €1.7m
- Taxes +€368,361
up €368,361 (+204%), from €180,435 to €548,796
- Financial income -€33,137
down €33,137 (-52.5%), from €63,114 to €29,977
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 | €10,727,127 | €11,333,129 | +€606,002 | +5.6% |
| Fixed assets | 21/28 | €6,192,509 | €8,670,345 | +€2.5m | +40.0% |
| Tangible fixed assets | 22/27 | €538,923 | €516,759 | -€22,164 | -4.1% |
| Land and buildings | 22 | €532,433 | €511,068 | -€21,364 | -4.0% |
| Plant, machinery and equipment | 23 | €3,615 | €2,815 | -€800 | -22.1% |
| Furniture and vehicles | 24 | €2,875 | €2,875 | = | 0.0% |
| Financial fixed assets | 28 | €5,653,586 | €8,153,586 | +€2.5m | +44.2% |
| Current assets | 29/58 | €4,534,618 | €2,662,785 | -€1.9m | -41.3% |
| Amounts receivable within one year | 40/41 | €72,996 | €992,846 | +€919,850 | +1,260% |
| Trade receivables | 40 | €56,925 | €992,846 | +€935,921 | +1,644% |
| Other amounts receivable | 41 | €16,071 | - | -€16,071 | |
| Current investments | 50/53 | €3,489,750 | €1,489,750 | -€2.0m | -57.3% |
| Cash at bank and in hand | 54/58 | €970,441 | €180,188 | -€790,252 | -81.4% |
| Deferred charges and accrued income | 490/1 | €1,431 | - | -€1,431 | |
| Total equity and liabilities | 10/49 | €10,727,127 | €11,333,129 | +€606,002 | +5.6% |
| Equity | 10/15 | €10,601,295 | €9,934,177 | -€667,118 | -6.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €5,484,021 | €5,484,021 | = | 0.0% |
| Reserves | 13 | €5,055,273 | €4,388,155 | -€667,118 | -13.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,213 | €29,285 | -€2,928 | -9.1% |
| Distributable reserves | 133 | €5,016,860 | €4,352,671 | -€664,189 | -13.2% |
| Provisions and deferred taxes | 16 | €16,587 | €15,079 | -€1,508 | -9.1% |
| Deferred taxes | 168 | €16,587 | €15,079 | -€1,508 | -9.1% |
| Amounts payable | 17/49 | €109,246 | €1,383,873 | +€1.3m | +1,167% |
| Amounts payable within one year | 42/48 | €109,246 | €1,383,873 | +€1.3m | +1,167% |
| Trade debts | 44 | €14,708 | €1,233 | -€13,475 | -91.6% |
| Suppliers | 440/4 | €14,708 | €1,233 | -€13,475 | -91.6% |
| Taxes, remuneration and social security | 45 | €94,538 | €482,641 | +€388,103 | +411% |
| Taxes | 450/3 | €94,538 | €482,641 | +€388,103 | +411% |
| Other amounts payable | 47/48 | - | €900,000 | +€900,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,695 | €22,164 | +€2,469 | +12.5% |
| Other operating charges | 640/8 | €2,418 | €2,534 | +€116 | +4.8% |
| Gross operating margin | 9900 | €521,707 | €1,674,967 | +€1.2m | +221% |
| Operating profit (loss) | 9901 | €499,594 | €1,650,269 | +€1.2m | +230% |
| Financial income | 75/76B | €63,114 | €29,977 | -€33,137 | -52.5% |
| Recurring financial income | 75 | €63,114 | €29,977 | -€33,137 | -52.5% |
| Financial charges | 65/66B | €193 | €75 | -€117 | -60.9% |
| Recurring financial charges | 65 | €193 | €75 | -€117 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €562,516 | €1,680,170 | +€1.1m | +199% |
| Transfer from deferred taxes | 780 | €1,508 | €1,508 | = | 0.0% |
| Income taxes | 67/77 | €180,435 | €548,796 | +€368,361 | +204% |
| Profit (loss) for the period | 9904 | €383,589 | €1,132,882 | +€749,293 | +195% |
| Transfer from tax-exempt reserves | 789 | €2,928 | €2,928 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €386,517 | €1,135,811 | +€749,293 | +194% |
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 23 October 2026 via checked.be.