WETSINGHEN: 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.
WETSINGHEN
Largest movements
- Tangible fixed assets +€413,940
up €413,940 (+224.1%), from €184,682 to €598,622
of which Plant, machinery and equipment: +€347,275
- Stocks and contracts +€70,662
up €70,662 (+38.1%), from €185,562 to €256,224
- Receivables within one year +€37,245
up €37,245 (+11.8%), from €316,134 to €353,379
of which Other amounts receivable: +€34,459
- Debts after one year +€269,350
up €269,350 (+940.9%), from €28,627 to €297,976
- Reserves +€100,000
up €100,000 (+25.6%), from €391,012 to €491,012
of which Distributable reserves: +€100,000
- Other debts +€83,459
up €83,459 (+959.8%), from €8,695 to €92,154
- Short-term financial debts +€50,000
new in 2025: €50,000
- Tax, wage and social debts -€42,009
down €42,009 (-42.3%), from €99,266 to €57,258
of which Taxes: -€44,009
- Gross operating margin +€139,493
up €139,493 (+120.7%), from €115,536 to €255,029
- Taxes +€30,078
up €30,078 (+238.9%), from €12,590 to €42,668
- Depreciation +€8,705
up €8,705 (+11.9%), from €73,267 to €81,972
- Financial charges +€4,729
up €4,729 (+217.8%), from €2,171 to €6,899
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 | €771,976 | €1,297,324 | +€525,348 | +68.1% |
| Fixed assets | 21/28 | €184,682 | €598,622 | +€413,940 | +224.1% |
| Tangible fixed assets | 22/27 | €184,682 | €598,622 | +€413,940 | +224.1% |
| Land and buildings | 22 | €14,985 | €14,985 | = | 0.0% |
| Plant, machinery and equipment | 23 | €79,579 | €426,854 | +€347,275 | +436.4% |
| Furniture and vehicles | 24 | €14,586 | €6,483 | -€8,103 | -55.6% |
| Other tangible fixed assets | 26 | €75,531 | €52,800 | -€22,731 | -30.1% |
| Assets under construction and advance payments | 27 | - | €97,500 | +€97,500 | |
| Current assets | 29/58 | €587,295 | €698,703 | +€111,408 | +19.0% |
| Stocks and contracts in progress | 3 | €185,562 | €256,224 | +€70,662 | +38.1% |
| Stocks | 30/36 | €185,562 | €256,224 | +€70,662 | +38.1% |
| Amounts receivable within one year | 40/41 | €316,134 | €353,379 | +€37,245 | +11.8% |
| Trade receivables | 40 | €310,634 | €313,420 | +€2,786 | +0.9% |
| Other amounts receivable | 41 | €5,500 | €39,959 | +€34,459 | +626.5% |
| Cash at bank and in hand | 54/58 | €85,599 | €89,100 | +€3,501 | +4.1% |
| Total equity and liabilities | 10/49 | €771,976 | €1,297,324 | +€525,348 | +68.1% |
| Equity | 10/15 | €412,870 | €531,489 | +€118,619 | +28.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €391,012 | €491,012 | +€100,000 | +25.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,750 | €33,750 | = | 0.0% |
| Distributable reserves | 133 | €355,403 | €455,403 | +€100,000 | +28.1% |
| Profit (loss) carried forward | 14 | €3,266 | €21,884 | +€18,619 | +570.1% |
| Provisions and deferred taxes | 16 | €11,250 | €11,250 | = | 0.0% |
| Deferred taxes | 168 | €11,250 | €11,250 | = | 0.0% |
| Amounts payable | 17/49 | €347,856 | €754,585 | +€406,729 | +116.9% |
| Amounts payable after more than one year | 17 | €28,627 | €297,976 | +€269,350 | +940.9% |
| Financial debts | 170/4 | €28,627 | €297,976 | +€269,350 | +940.9% |
| Amounts payable within one year | 42/48 | €319,229 | €456,609 | +€137,380 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €49,128 | €78,627 | +€29,499 | +60.0% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €162,140 | €178,571 | +€16,431 | +10.1% |
| Suppliers | 440/4 | €162,140 | €178,571 | +€16,431 | +10.1% |
| Taxes, remuneration and social security | 45 | €99,266 | €57,258 | -€42,009 | -42.3% |
| Taxes | 450/3 | €99,266 | €55,258 | -€44,009 | -44.3% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €8,695 | €92,154 | +€83,459 | +959.8% |
| Non-recurring operating income | 76A | - | €18,690 | +€18,690 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,267 | €81,972 | +€8,705 | +11.9% |
| Other operating charges | 640/8 | €2,974 | €4,872 | +€1,898 | +63.8% |
| Gross operating margin | 9900 | €115,536 | €255,029 | +€139,493 | +120.7% |
| Operating profit (loss) | 9901 | €39,295 | €168,185 | +€128,890 | +328.0% |
| Financial income | 75/76B | €89 | - | -€89 | |
| Recurring financial income | 75 | €89 | - | -€89 | |
| Financial charges | 65/66B | €2,171 | €6,899 | +€4,729 | +217.8% |
| Recurring financial charges | 65 | €2,171 | €6,899 | +€4,729 | +217.8% |
| Profit (loss) for the period before taxes | 9903 | €37,213 | €161,286 | +€124,073 | +333.4% |
| Income taxes | 67/77 | €12,590 | €42,668 | +€30,078 | +238.9% |
| Profit (loss) for the period | 9904 | €24,623 | €118,619 | +€93,995 | +381.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,623 | €118,619 | +€93,995 | +381.7% |
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 2 October 2026 via checked.be.