WEVECO: 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.
What changed
WEVECO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€810,616
2024 · €286,530+€524,086
Equity
€2.1m
2024 · €1.6m+€460,616
Cash
€183,258
2024 · €127,848+€55,410
Balance sheet total
€3.6m
2024 · €3.3m+€337,828
Largest movements
Assets
- Current investments +€355,123
up €355,123 (+41.6%), from €853,445 to €1.2m
- Cash +€55,410
up €55,410 (+43.3%), from €127,848 to €183,258
mainly Net result for the year (+€810,616) and Depreciation (+€187,294)
Equity and liabilities
- Reserves +€810,616
up €810,616 (+84.4%), from €960,583 to €1.8m
of which Distributable reserves: +€1.2m
- Contributions -€350,000
down €350,000 (-55.0%), from €636,222 to €286,222
of which Capital: -€350,000
- Debts after one year -€200,486
down €200,486 (-20.9%), from €960,329 to €759,843
- Other debts +€186,926
up €186,926 (+75.6%), from €247,165 to €434,091
- Trade debts -€94,469
down €94,469 (-99.5%), from €94,904 to €435
Income statement
- Gross operating margin +€583,016
up €583,016 (+89.5%), from €651,268 to €1.2m
- Taxes +€284,005
up €284,005 (+226.6%), from €125,327 to €409,333
- Financial income +€216,669
up €216,669 (+5856.8%), from €3,699 to €220,369
- Depreciation +€30,170
up €30,170 (+19.2%), from €157,125 to €187,294
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.
Result 2024
€286,530
Gross operating margin
+€583,016
Depreciation
-€30,170
Other operating charges
+€662
Financial income
+€216,669
Financial charges
-€10,691
Taxes
-€284,005
Deferred taxes and other
+€48,604
Result 2025
€810,616
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.
From operations
+€1.1m
Investment
-€512,125
Financing
-€543,541
Cash 2024
€127,848
From operations (derived)
+€1.1m
Net result for the year
+€810,616
Depreciation
+€187,294
Receivables after one year
+€11,493
Receivables within one year
+€31,326
Smaller working-capital items
-€1,827
Provisions
-€61,580
Trade debts
-€94,469
Tax, wage and social debts
+€41,297
Other debts
+€186,926
Investment (derived)
-€512,125
Investment in fixed assets (net)
-€157,002
Current investments
-€355,123
Financing
-€543,541
Debts after one year
-€200,486
Current portion of long-term debt
+€6,945
Contributions, distributions and other
-€350,000
Cash 2025
€183,258
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,290,881 | €3,628,709 | +€337,828 | +10.3% |
| Fixed assets | 21/28 | €1,990,790 | €1,960,497 | -€30,292 | -1.5% |
| Tangible fixed assets | 22/27 | €1,990,790 | €1,960,497 | -€30,292 | -1.5% |
| Land and buildings | 22 | €1,866,060 | €1,834,044 | -€32,016 | -1.7% |
| Plant, machinery and equipment | 23 | €35,107 | €15,360 | -€19,746 | -56.2% |
| Furniture and vehicles | 24 | €89,623 | €111,093 | +€21,470 | +24.0% |
| Current assets | 29/58 | €1,300,091 | €1,668,211 | +€368,120 | +28.3% |
| Amounts receivable after more than one year | 29 | €46,936 | €35,443 | -€11,493 | -24.5% |
| Other amounts receivable | 291 | €46,936 | €35,443 | -€11,493 | -24.5% |
| Amounts receivable within one year | 40/41 | €268,594 | €237,268 | -€31,326 | -11.7% |
| Trade receivables | 40 | €991 | €915 | -€77 | -7.8% |
| Other amounts receivable | 41 | €267,602 | €236,353 | -€31,249 | -11.7% |
| Current investments | 50/53 | €853,445 | €1,208,568 | +€355,123 | +41.6% |
| Cash at bank and in hand | 54/58 | €127,848 | €183,258 | +€55,410 | +43.3% |
| Deferred charges and accrued income | 490/1 | €3,268 | €3,675 | +€406 | +12.4% |
| Total equity and liabilities | 10/49 | €3,290,881 | €3,628,709 | +€337,828 | +10.3% |
| Equity | 10/15 | €1,596,805 | €2,057,421 | +€460,616 | +28.8% |
| Contributions | 10/11 | €636,222 | €286,222 | -€350,000 | -55.0% |
| Capital | 10 | €600,000 | €250,000 | -€350,000 | -58.3% |
| Issued capital | 100 | €600,000 | €250,000 | -€350,000 | -58.3% |
| Outside capital | 11 | €36,222 | €36,222 | = | 0.0% |
| Share premium | 1100/10 | €36,222 | €36,222 | = | 0.0% |
| Reserves | 13 | €960,583 | €1,771,199 | +€810,616 | +84.4% |
| Non-distributable reserves | 130/1 | €234,635 | €78,635 | -€156,000 | -66.5% |
| Legal reserve | 130 | €181,000 | €25,000 | -€156,000 | -86.2% |
| Own shares acquired | 1312 | €53,635 | €53,635 | = | 0.0% |
| Tax-exempt reserves | 132 | €376,050 | €191,309 | -€184,741 | -49.1% |
| Distributable reserves | 133 | €349,898 | €1,501,255 | +€1.2m | +329.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €110,878 | €49,298 | -€61,580 | -55.5% |
| Deferred taxes | 168 | €110,878 | €49,298 | -€61,580 | -55.5% |
| Amounts payable | 17/49 | €1,583,198 | €1,521,990 | -€61,208 | -3.9% |
| Amounts payable after more than one year | 17 | €960,329 | €759,843 | -€200,486 | -20.9% |
| Financial debts | 170/4 | €960,329 | €759,843 | -€200,486 | -20.9% |
| Amounts payable within one year | 42/48 | €564,891 | €705,590 | +€140,699 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €193,541 | €200,486 | +€6,945 | +3.6% |
| Trade debts | 44 | €94,904 | €435 | -€94,469 | -99.5% |
| Suppliers | 440/4 | €94,904 | €435 | -€94,469 | -99.5% |
| Taxes, remuneration and social security | 45 | €29,281 | €70,578 | +€41,297 | +141.0% |
| Taxes | 450/3 | €29,281 | €70,578 | +€41,297 | +141.0% |
| Other amounts payable | 47/48 | €247,165 | €434,091 | +€186,926 | +75.6% |
| Accrued charges and deferred income | 492/3 | €57,978 | €56,558 | -€1,420 | -2.4% |
| Non-recurring operating income | 76A | €1,544 | €671,544 | +€670,001 | +43406.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,125 | €187,294 | +€30,170 | +19.2% |
| Other operating charges | 640/8 | €51,625 | €50,962 | -€662 | -1.3% |
| Gross operating margin | 9900 | €651,268 | €1,234,285 | +€583,016 | +89.5% |
| Operating profit (loss) | 9901 | €442,519 | €996,028 | +€553,509 | +125.1% |
| Financial income | 75/76B | €3,699 | €220,369 | +€216,669 | +5856.8% |
| Recurring financial income | 75 | €3,699 | €220,369 | +€216,669 | +5856.8% |
| Financial charges | 65/66B | €47,337 | €58,028 | +€10,691 | +22.6% |
| Recurring financial charges | 65 | €47,337 | €58,028 | +€10,691 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €398,882 | €1,158,368 | +€759,487 | +190.4% |
| Transfer from deferred taxes | 780 | €12,976 | €61,580 | +€48,604 | +374.6% |
| Income taxes | 67/77 | €125,327 | €409,333 | +€284,005 | +226.6% |
| Profit (loss) for the period | 9904 | €286,530 | €810,616 | +€524,086 | +182.9% |
| Transfer from tax-exempt reserves | 789 | €38,928 | €184,741 | +€145,813 | +374.6% |
| Profit (loss) for the period to be appropriated | 9905 | €325,459 | €995,357 | +€669,898 | +205.8% |
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 30 September 2026 via checked.be.