WETS: what changed
WETS
Largest movements
- Receivables within one year +€357,654
up €357,654 (+82.6%), from €432,787 to €790,441
of which Trade receivables: +€346,615
- Cash +€33,052
up €33,052 (+89.1%), from €37,098 to €70,150
mainly Trade debts (+€316,226) and Depreciation (+€87,412)
- Tangible fixed assets -€13,105
down €13,105 (-5.4%), from €240,511 to €227,407
of which Leasing and similar rights: -€9,645
- Trade debts +€316,226
up €316,226 (+117%), from €270,896 to €587,122
- Profit (loss) carried forward +€39,666
up €39,666 (+39.2%), from €101,201 to €140,867
- Tax, wage and social debts +€34,206
up €34,206 (+56.9%), from €60,121 to €94,327
of which Remuneration and social security: +€28,906
- Debts after one year -€30,028
down €30,028 (-20.2%), from €148,687 to €118,659
- Current portion of long-term debt +€19,092
up €19,092 (+30.7%), from €62,247 to €81,339
- Gross operating margin +€64,641
up €64,641 (+17.3%), from €373,059 to €437,700
- Staff costs +€60,865
up €60,865 (+29.0%), from €210,001 to €270,866
- Depreciation +€17,853
up €17,853 (+25.7%), from €69,559 to €87,412
- Taxes +€9,440
up €9,440 (+127%), from €7,404 to €16,844
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €711,523 | €1,087,997 | +€376,474 | +52.9% |
| Fixed assets | 21/28 | €240,511 | €227,407 | -€13,105 | -5.4% |
| Tangible fixed assets | 22/27 | €240,511 | €227,407 | -€13,105 | -5.4% |
| Furniture and vehicles | 24 | €8,891 | €5,431 | -€3,459 | -38.9% |
| Leasing and similar rights | 25 | €231,620 | €221,975 | -€9,645 | -4.2% |
| Current assets | 29/58 | €471,012 | €860,591 | +€389,579 | +82.7% |
| Amounts receivable within one year | 40/41 | €432,787 | €790,441 | +€357,654 | +82.6% |
| Trade receivables | 40 | €393,515 | €740,130 | +€346,615 | +88.1% |
| Other amounts receivable | 41 | €39,272 | €50,311 | +€11,039 | +28.1% |
| Cash at bank and in hand | 54/58 | €37,098 | €70,150 | +€33,052 | +89.1% |
| Deferred charges and accrued income | 490/1 | €1,126 | - | -€1,126 | |
| Total equity and liabilities | 10/49 | €711,523 | €1,087,997 | +€376,474 | +52.9% |
| Equity | 10/15 | €126,001 | €165,667 | +€39,666 | +31.5% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Contributions outside capital | 11 | €24,800 | €24,800 | = | 0.0% |
| Other | 1109/19 | €24,800 | €24,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,201 | €140,867 | +€39,666 | +39.2% |
| Amounts payable | 17/49 | €585,522 | €922,330 | +€336,808 | +57.5% |
| Amounts payable after more than one year | 17 | €148,687 | €118,659 | -€30,028 | -20.2% |
| Financial debts | 170/4 | €148,687 | €118,659 | -€30,028 | -20.2% |
| Amounts payable within one year | 42/48 | €436,835 | €803,672 | +€366,836 | +84.0% |
| Current portion of amounts payable after more than one year | 42 | €62,247 | €81,339 | +€19,092 | +30.7% |
| Trade debts | 44 | €270,896 | €587,122 | +€316,226 | +117% |
| Suppliers | 440/4 | €270,896 | €587,122 | +€316,226 | +117% |
| Taxes, remuneration and social security | 45 | €60,121 | €94,327 | +€34,206 | +56.9% |
| Taxes | 450/3 | €11,858 | €17,159 | +€5,301 | +44.7% |
| Remuneration and social security | 454/9 | €48,263 | €77,168 | +€28,906 | +59.9% |
| Other amounts payable | 47/48 | €43,572 | €40,884 | -€2,688 | -6.2% |
| Non-recurring operating income | 76A | €38,000 | - | -€38,000 | |
| Remuneration, social security and pensions | 62 | €210,001 | €270,866 | +€60,865 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,559 | €87,412 | +€17,853 | +25.7% |
| Other operating charges | 640/8 | €10,349 | €7,492 | -€2,857 | -27.6% |
| Gross operating margin | 9900 | €373,059 | €437,700 | +€64,641 | +17.3% |
| Operating profit (loss) | 9901 | €83,151 | €71,931 | -€11,220 | -13.5% |
| Financial income | 75/76B | €2 | €59 | +€56 | +2,472% |
| Recurring financial income | 75 | €2 | €59 | +€56 | +2,472% |
| Financial charges | 65/66B | €15,776 | €15,480 | -€296 | -1.9% |
| Recurring financial charges | 65 | €15,776 | €15,480 | -€296 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €67,377 | €56,510 | -€10,867 | -16.1% |
| Income taxes | 67/77 | €7,404 | €16,844 | +€9,440 | +127% |
| Profit (loss) for the period | 9904 | €59,973 | €39,666 | -€20,307 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,973 | €39,666 | -€20,307 | -33.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.