WEVAHO: 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.
WEVAHO
Largest movements
- Cash +€311,087
up €311,087 (+118%), from €263,535 to €574,622
mainly Net result for the year (+€179,553) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€14,631
up €14,631 (+30.5%), from €47,898 to €62,529
of which Trade receivables: +€17,384
- Reserves +€148,820
up €148,820 (+37.5%), from €396,613 to €545,433
- Trade debts +€34,710
up €34,710 (+186%), from €18,647 to €53,357
- Tax, wage and social debts +€25,332
up €25,332 (+55.5%), from €45,619 to €70,951
- Other debts +€16,613
up €16,613 (+151%), from €10,969 to €27,582
- Debts after one year -€10,134
down €10,134 (-10.1%), from €100,497 to €90,362
- Gross operating margin +€57,302
up €57,302 (+24.1%), from €237,963 to €295,265
- Taxes +€24,976
up €24,976 (+43.6%), from €57,279 to €82,254
- Depreciation -€10,942
down €10,942 (-29.8%), from €36,720 to €25,778
- Provisions -€6,674
down €6,674 (-92.6%), from €7,210 to €536
- Financial income +€3,767
up €3,767 (+229%), from €1,643 to €5,411
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 | €645,875 | €862,225 | +€216,350 | +33.5% |
| Fixed assets | 21/28 | €194,361 | €188,685 | -€5,676 | -2.9% |
| Intangible fixed assets | 21 | €3,699 | - | -€3,699 | |
| Tangible fixed assets | 22/27 | €190,662 | €188,685 | -€1,978 | -1.0% |
| Land and buildings | 22 | €161,590 | €148,993 | -€12,596 | -7.8% |
| Plant, machinery and equipment | 23 | €6,209 | €5,960 | -€250 | -4.0% |
| Furniture and vehicles | 24 | €22,863 | €33,731 | +€10,868 | +47.5% |
| Current assets | 29/58 | €451,514 | €673,541 | +€222,027 | +49.2% |
| Stocks and contracts in progress | 3 | €36,212 | €32,996 | -€3,216 | -8.9% |
| Stocks | 30/36 | €36,212 | €32,996 | -€3,216 | -8.9% |
| Amounts receivable within one year | 40/41 | €47,898 | €62,529 | +€14,631 | +30.5% |
| Trade receivables | 40 | €45,145 | €62,529 | +€17,384 | +38.5% |
| Other amounts receivable | 41 | €2,753 | - | -€2,753 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €263,535 | €574,622 | +€311,087 | +118% |
| Deferred charges and accrued income | 490/1 | €3,870 | €3,394 | -€476 | -12.3% |
| Total equity and liabilities | 10/49 | €645,875 | €862,225 | +€216,350 | +33.5% |
| Equity | 10/15 | €415,213 | €564,033 | +€148,820 | +35.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €396,613 | €545,433 | +€148,820 | +37.5% |
| Distributable reserves | 133 | €396,613 | €545,433 | +€148,820 | +37.5% |
| Amounts payable | 17/49 | €230,662 | €298,192 | +€67,530 | +29.3% |
| Amounts payable after more than one year | 17 | €100,497 | €90,362 | -€10,134 | -10.1% |
| Financial debts | 170/4 | €100,497 | €90,362 | -€10,134 | -10.1% |
| Amounts payable within one year | 42/48 | €110,571 | €187,512 | +€76,941 | +69.6% |
| Current portion of amounts payable after more than one year | 42 | €35,336 | €35,622 | +€286 | +0.8% |
| Trade debts | 44 | €18,647 | €53,357 | +€34,710 | +186% |
| Suppliers | 440/4 | €18,647 | €53,357 | +€34,710 | +186% |
| Taxes, remuneration and social security | 45 | €45,619 | €70,951 | +€25,332 | +55.5% |
| Taxes | 450/3 | €45,619 | €70,951 | +€25,332 | +55.5% |
| Other amounts payable | 47/48 | €10,969 | €27,582 | +€16,613 | +151% |
| Accrued charges and deferred income | 492/3 | €19,595 | €20,317 | +€723 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,720 | €25,778 | -€10,942 | -29.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,210 | €536 | -€6,674 | -92.6% |
| Other operating charges | 640/8 | €3,403 | €6,592 | +€3,189 | +93.7% |
| Gross operating margin | 9900 | €237,963 | €295,265 | +€57,302 | +24.1% |
| Operating profit (loss) | 9901 | €190,630 | €262,359 | +€71,729 | +37.6% |
| Financial income | 75/76B | €1,643 | €5,411 | +€3,767 | +229% |
| Recurring financial income | 75 | €1,643 | €5,411 | +€3,767 | +229% |
| Financial charges | 65/66B | €6,930 | €5,962 | -€968 | -14.0% |
| Recurring financial charges | 65 | €6,930 | €5,962 | -€968 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €185,343 | €261,808 | +€76,465 | +41.3% |
| Income taxes | 67/77 | €57,279 | €82,254 | +€24,976 | +43.6% |
| Profit (loss) for the period | 9904 | €128,064 | €179,553 | +€51,489 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €128,064 | €179,553 | +€51,489 | +40.2% |
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 15 October 2026 via checked.be.