WEX: 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.
What changed
WEX
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€75,578
2024 · -€18,183-€57,395
Equity
€1.3m
2024 · €1.4m-€75,578
Cash
€10,774
2024 · €15,244-€4,469
Balance sheet total
€6.7m
2024 · €4.0m+€2.7m
Largest movements
Assets
- Tangible fixed assets +€2.6m
up €2.6m (+70.3%), from €3.7m to €6.2m
- Receivables within one year +€89,972
up €89,972 (+34.6%), from €259,721 to €349,693
of which Trade receivables: +€310,980
Equity and liabilities
- Short-term financial debts +€2.6m
up €2.6m (+99.0%), from €2.6m to €5.1m
- Other debts +€185,440
up €185,440 (+943,236%), from €20 to €185,460
- Profit (loss) carried forward -€75,578
down €75,578 (-5.9%), from €1.3m to €1.2m
Income statement
- Financial charges +€63,025
up €63,025 (+4,254%), from €1,482 to €64,506
- Depreciation +€54,467
new in 2025: €54,467
- Services and other goods -€52,718
no longer reported in 2025 (was €52,718)
- Turnover -€48,200
no longer reported in 2025 (was €48,200)
- Gross operating margin +€47,928
new in 2025: €47,928
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
-€18,183
Turnover
-€48,200
Services and other goods
+€52,718
Staff costs
+€9,910
Depreciation
-€54,467
Other operating charges
-€1,605
Other operating items
+€47,928
Financial income
-€653
Financial charges
-€63,025
Result 2025
-€75,578
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€70,534
Investment
-€2.6m
Financing
+€2.6m
Cash 2024
€15,244
From operations (derived)
+€70,534
Net result for the year
-€75,578
Depreciation
+€54,467
Receivables within one year
-€89,972
Deferred charges and accrued income
-€535
Trade debts
-€35,632
Tax, wage and social debts
+€13,027
Other debts
+€185,440
Accrued charges and deferred income
+€19,317
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€2.6m
Current investments
-€1,860
Financing
+€2.6m
Short-term financial debts
+€2.6m
Cash 2025
€10,774
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,046,751 | €6,712,845 | +€2.7m | +65.9% |
| Fixed assets | 21/28 | €3,665,150 | €6,243,346 | +€2.6m | +70.3% |
| Tangible fixed assets | 22/27 | €3,665,150 | €6,243,346 | +€2.6m | +70.3% |
| Land and buildings | 22 | €3,665,150 | €6,243,346 | +€2.6m | +70.3% |
| Current assets | 29/58 | €381,601 | €469,499 | +€87,898 | +23.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €259,721 | €349,693 | +€89,972 | +34.6% |
| Trade receivables | 40 | €36,904 | €347,884 | +€310,980 | +843% |
| Other amounts receivable | 41 | €222,818 | €1,810 | -€221,008 | -99.2% |
| Current investments | 50/53 | €102,363 | €104,222 | +€1,860 | +1.8% |
| Other investments | 51/53 | €102,363 | - | -€102,363 | |
| Cash at bank and in hand | 54/58 | €15,244 | €10,774 | -€4,469 | -29.3% |
| Deferred charges and accrued income | 490/1 | €4,274 | €4,808 | +€535 | +12.5% |
| Total equity and liabilities | 10/49 | €4,046,751 | €6,712,845 | +€2.7m | +65.9% |
| Equity | 10/15 | €1,376,262 | €1,300,684 | -€75,578 | -5.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €38,403 | €38,403 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €32,206 | €32,206 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,275,886 | €1,200,308 | -€75,578 | -5.9% |
| Amounts payable | 17/49 | €2,670,489 | €5,412,161 | +€2.7m | +103% |
| Amounts payable within one year | 42/48 | €2,670,178 | €5,392,533 | +€2.7m | +102% |
| Financial debts | 43 | €2,585,000 | €5,144,520 | +€2.6m | +99.0% |
| Credit institutions | 430/8 | €2,585,000 | €5,144,520 | +€2.6m | +99.0% |
| Trade debts | 44 | €80,404 | €44,772 | -€35,632 | -44.3% |
| Suppliers | 440/4 | €80,404 | €44,772 | -€35,632 | -44.3% |
| Taxes, remuneration and social security | 45 | €4,754 | €17,782 | +€13,027 | +274% |
| Taxes | 450/3 | €4,749 | €17,782 | +€13,032 | +274% |
| Remuneration and social security | 454/9 | €5 | €0 | -€5 | -100% |
| Other amounts payable | 47/48 | €20 | €185,460 | +€185,440 | +943,236% |
| Accrued charges and deferred income | 492/3 | €311 | €19,627 | +€19,317 | +6,217% |
| Operating income | 70/76A | €48,200 | - | -€48,200 | |
| Turnover | 70 | €48,200 | - | -€48,200 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €68,288 | - | -€68,288 | |
| Goods for resale, raw materials and consumables | 60 | €0 | - | = | |
| Purchases | 600/8 | €0 | - | = | |
| Services and other goods | 61 | €52,718 | - | -€52,718 | |
| Remuneration, social security and pensions | 62 | €9,910 | €0 | -€9,910 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €54,467 | +€54,467 | |
| Other operating charges | 640/8 | €5,660 | €7,265 | +€1,605 | +28.4% |
| Gross operating margin | 9900 | - | €47,928 | +€47,928 | |
| Operating profit (loss) | 9901 | -€20,088 | -€13,805 | +€6,283 | +31.3% |
| Financial income | 75/76B | €3,386 | €2,733 | -€653 | -19.3% |
| Recurring financial income | 75 | €3,386 | €2,733 | -€653 | -19.3% |
| Income from current assets | 751 | €3,376 | - | -€3,376 | |
| Other financial income | 752/9 | €10 | - | -€10 | |
| Financial charges | 65/66B | €1,482 | €64,506 | +€63,025 | +4,254% |
| Recurring financial charges | 65 | €1,482 | €64,506 | +€63,025 | +4,254% |
| Debt charges | 650 | €549 | - | -€549 | |
| Other financial charges | 652/9 | €933 | - | -€933 | |
| Profit (loss) for the period before taxes | 9903 | -€18,183 | -€75,578 | -€57,395 | -316% |
| Profit (loss) for the period | 9904 | -€18,183 | -€75,578 | -€57,395 | -316% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,183 | -€75,578 | -€57,395 | -316% |
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 14 October 2026 via checked.be.