WEVACO: 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.
WEVACO
Largest movements
- Cash -€416,518
down €416,518 (-58.0%), from €717,591 to €301,073
mainly Investment in fixed assets (net) (-€801,720) and Other debts (-€465,104)
- Tangible fixed assets +€310,599
up €310,599 (+3.1%), from €9.9m to €10.2m
of which Land and buildings: +€421,714
- Receivables within one year +€159,107
up €159,107 (+74.9%), from €212,454 to €371,561
of which Trade receivables: +€225,259
- Reserves +€666,285
up €666,285 (+18.4%), from €3.6m to €4.3m
of which Distributable reserves: +€666,285
- Other debts -€465,104
down €465,104 (-84.7%), from €549,104 to €84,000
- Debts after one year -€217,297
down €217,297 (-5.4%), from €4.0m to €3.8m
of which Financial debts: -€217,297
- Gross operating margin +€360,283
up €360,283 (+25.9%), from €1.4m to €1.8m
- Other operating charges +€164,995
up €164,995 (+436.0%), from €37,839 to €202,834
- Taxes +€21,712
up €21,712 (+10.6%), from €205,179 to €226,892
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 | €10,815,352 | €10,860,909 | +€45,557 | +0.4% |
| Fixed assets | 21/28 | €9,877,675 | €10,188,275 | +€310,599 | +3.1% |
| Tangible fixed assets | 22/27 | €9,877,675 | €10,188,275 | +€310,599 | +3.1% |
| Land and buildings | 22 | €9,598,430 | €10,020,144 | +€421,714 | +4.4% |
| Plant, machinery and equipment | 23 | €54,245 | €168,131 | +€113,886 | +209.9% |
| Assets under construction and advance payments | 27 | €225,000 | - | -€225,000 | |
| Current assets | 29/58 | €937,677 | €672,635 | -€265,042 | -28.3% |
| Amounts receivable within one year | 40/41 | €212,454 | €371,561 | +€159,107 | +74.9% |
| Trade receivables | 40 | €129,250 | €354,509 | +€225,259 | +174.3% |
| Other amounts receivable | 41 | €83,204 | €17,052 | -€66,152 | -79.5% |
| Cash at bank and in hand | 54/58 | €717,591 | €301,073 | -€416,518 | -58.0% |
| Deferred charges and accrued income | 490/1 | €7,631 | - | -€7,631 | |
| Total equity and liabilities | 10/49 | €10,815,352 | €10,860,909 | +€45,557 | +0.4% |
| Equity | 10/15 | €5,486,706 | €6,152,991 | +€666,285 | +12.1% |
| Contributions | 10/11 | €1,857,308 | €1,857,308 | = | 0.0% |
| Capital | 10 | €1,857,308 | €1,857,308 | = | 0.0% |
| Issued capital | 100 | €1,857,308 | €1,857,308 | = | 0.0% |
| Reserves | 13 | €3,629,398 | €4,295,683 | +€666,285 | +18.4% |
| Non-distributable reserves | 130/1 | €185,731 | €185,731 | = | 0.0% |
| Legal reserve | 130 | €185,731 | €185,731 | = | 0.0% |
| Distributable reserves | 133 | €3,443,667 | €4,109,952 | +€666,285 | +19.3% |
| Amounts payable | 17/49 | €5,328,646 | €4,707,918 | -€620,728 | -11.6% |
| Amounts payable after more than one year | 17 | €4,040,453 | €3,823,156 | -€217,297 | -5.4% |
| Financial debts | 170/4 | €3,890,453 | €3,673,156 | -€217,297 | -5.6% |
| Other amounts payable | 178/9 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,279,781 | €876,351 | -€403,431 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €504,067 | €568,714 | +€64,647 | +12.8% |
| Trade debts | 44 | €226,611 | €171,745 | -€54,865 | -24.2% |
| Suppliers | 440/4 | €226,611 | €171,745 | -€54,865 | -24.2% |
| Taxes, remuneration and social security | 45 | - | €51,892 | +€51,892 | |
| Taxes | 450/3 | - | €51,892 | +€51,892 | |
| Other amounts payable | 47/48 | €549,104 | €84,000 | -€465,104 | -84.7% |
| Accrued charges and deferred income | 492/3 | €8,412 | €8,412 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475,180 | €491,121 | +€15,941 | +3.4% |
| Other operating charges | 640/8 | €37,839 | €202,834 | +€164,995 | +436.0% |
| Non-recurring operating charges | 66A | - | €11,520 | +€11,520 | |
| Gross operating margin | 9900 | €1,392,479 | €1,752,762 | +€360,283 | +25.9% |
| Operating profit (loss) | 9901 | €879,460 | €1,047,287 | +€167,827 | +19.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €58,743 | €70,110 | +€11,367 | +19.4% |
| Recurring financial charges | 65 | €58,743 | €70,110 | +€11,367 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €820,717 | €977,177 | +€156,460 | +19.1% |
| Income taxes | 67/77 | €205,179 | €226,892 | +€21,712 | +10.6% |
| Profit (loss) for the period | 9904 | €615,538 | €750,285 | +€134,748 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €615,538 | €750,285 | +€134,748 | +21.9% |
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 8 October 2026 via checked.be.