WETS BOSEXPLOITATIE: 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.
WETS BOSEXPLOITATIE
Largest movements
- Tangible fixed assets -€35,077
down €35,077 (-20.2%), from €173,269 to €138,192
of which Furniture and vehicles: -€18,662
- Receivables within one year +€21,308
up €21,308 (+189%), from €11,295 to €32,603
of which Trade receivables: +€18,780
- Stocks and contracts -€17,850
down €17,850 (-45.8%), from €38,970 to €21,120
- Cash +€4,513
up €4,513 (+115%), from €3,920 to €8,433
mainly Depreciation (+€38,027) and Net result for the year (+€24,729)
- Profit (loss) carried forward +€24,729
up €24,729 (+38.9%), from -€63,525 to -€38,796
- Other debts -€17,990
down €17,990 (-28.7%), from €62,665 to €44,675
- Debts after one year -€17,976
down €17,976 (-9.8%), from €184,009 to €166,032
- Current portion of long-term debt -€8,333
down €8,333 (-43.2%), from €19,309 to €10,976
- Trade debts -€5,950
down €5,950 (-74.2%), from €8,019 to €2,068
- Financial income -€40,238
down €40,238 (-100.0%), from €40,239 to €1
of which Non-recurring financial income: -€40,238
- Gross operating margin +€32,298
up €32,298 (+82.8%), from €38,987 to €71,285
- Depreciation -€11,320
down €11,320 (-22.9%), from €49,346 to €38,027
- Write-downs -€880
no longer reported in 2025 (was €880)
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 | €229,498 | €203,831 | -€25,667 | -11.2% |
| Fixed assets | 21/28 | €173,869 | €138,792 | -€35,077 | -20.2% |
| Tangible fixed assets | 22/27 | €173,269 | €138,192 | -€35,077 | -20.2% |
| Plant, machinery and equipment | 23 | €34,661 | €26,193 | -€8,468 | -24.4% |
| Furniture and vehicles | 24 | €25,137 | €6,475 | -€18,662 | -74.2% |
| Leasing and similar rights | 25 | €113,471 | €105,524 | -€7,947 | -7.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €55,629 | €65,038 | +€9,410 | +16.9% |
| Stocks and contracts in progress | 3 | €38,970 | €21,120 | -€17,850 | -45.8% |
| Stocks | 30/36 | €38,970 | €21,120 | -€17,850 | -45.8% |
| Amounts receivable within one year | 40/41 | €11,295 | €32,603 | +€21,308 | +189% |
| Trade receivables | 40 | €10,787 | €29,567 | +€18,780 | +174% |
| Other amounts receivable | 41 | €508 | €3,036 | +€2,528 | +498% |
| Cash at bank and in hand | 54/58 | €3,920 | €8,433 | +€4,513 | +115% |
| Deferred charges and accrued income | 490/1 | €1,444 | €2,882 | +€1,438 | +99.6% |
| Total equity and liabilities | 10/49 | €229,498 | €203,831 | -€25,667 | -11.2% |
| Equity | 10/15 | -€44,650 | -€19,921 | +€24,729 | +55.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €275 | €275 | = | 0.0% |
| Distributable reserves | 133 | €275 | €275 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,525 | -€38,796 | +€24,729 | +38.9% |
| Amounts payable | 17/49 | €274,147 | €223,752 | -€50,396 | -18.4% |
| Amounts payable after more than one year | 17 | €184,009 | €166,032 | -€17,976 | -9.8% |
| Financial debts | 170/4 | €184,009 | €166,032 | -€17,976 | -9.8% |
| Amounts payable within one year | 42/48 | €90,139 | €57,719 | -€32,420 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €19,309 | €10,976 | -€8,333 | -43.2% |
| Trade debts | 44 | €8,019 | €2,068 | -€5,950 | -74.2% |
| Suppliers | 440/4 | €8,019 | €2,068 | -€5,950 | -74.2% |
| Taxes, remuneration and social security | 45 | €146 | - | -€146 | |
| Taxes | 450/3 | €146 | - | -€146 | |
| Other amounts payable | 47/48 | €62,665 | €44,675 | -€17,990 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,346 | €38,027 | -€11,320 | -22.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €880 | - | -€880 | |
| Other operating charges | 640/8 | €3,228 | €3,415 | +€187 | +5.8% |
| Non-recurring operating charges | 66A | €2,654 | - | -€2,654 | |
| Gross operating margin | 9900 | €38,987 | €71,285 | +€32,298 | +82.8% |
| Operating profit (loss) | 9901 | -€17,121 | €29,843 | +€46,965 | |
| Financial income | 75/76B | €40,239 | €1 | -€40,238 | -100.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Non-recurring financial income | 76B | €40,238 | - | -€40,238 | |
| Financial charges | 65/66B | €5,294 | €5,262 | -€32 | -0.6% |
| Recurring financial charges | 65 | €5,294 | €5,262 | -€32 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €17,824 | €24,583 | +€6,759 | +37.9% |
| Income taxes | 67/77 | - | -€146 | -€146 | |
| Profit (loss) for the period | 9904 | €17,824 | €24,729 | +€6,905 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,824 | €24,729 | +€6,905 | +38.7% |
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 24 October 2026 via checked.be.