WEX: 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
WEX
NACE 82.300, Organisation of conventions and trade shows
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€102,994
2024 · €427,925-€324,931
Equity
€3.7m
2024 · €3.6m+€112,097
Cash
€571,895
2024 · €1.2m-€579,354
Balance sheet total
€9.0m
2024 · €8.1m+€899,765
Largest movements
Assets
- Receivables within one year +€1.5m
up €1.5m (+59.5%), from €2.5m to €3.9m
of which Other amounts receivable: +€1.3m
- Cash -€579,354
down €579,354 (-50.3%), from €1.2m to €571,895
mainly Receivables within one year (-€1.5m) and Investment in fixed assets (net) (-€971,898)
- Intangible fixed assets -€175,024
down €175,024 (-25.8%), from €677,382 to €502,358
- Financial fixed assets +€119,901
up €119,901 (+16.2%), from €739,321 to €859,222
- Tangible fixed assets +€93,602
up €93,602 (+3.2%), from €2.9m to €3.0m
of which Other tangible fixed assets: +€812,400
Equity and liabilities
- Debts after one year +€896,941
up €896,941 (+63.1%), from €1.4m to €2.3m
- Trade debts -€323,888
down €323,888 (-21.7%), from €1.5m to €1.2m
- Accrued charges and deferred income +€226,781
up €226,781 (+24.8%), from €913,757 to €1.1m
- Current portion of long-term debt +€162,589
up €162,589 (+94.8%), from €171,525 to €334,114
- Profit (loss) carried forward +€102,994
up €102,994 (+3.0%), from €3.4m to €3.5m
Income statement
- Turnover -€9.1m
no longer reported in 2025 (was €9.1m)
- Services and other goods -€5.2m
no longer reported in 2025 (was €5.2m)
- Gross operating margin +€2.1m
new in 2025: €2.1m
- Goods and materials -€1.9m
no longer reported in 2025 (was €1.9m)
- Depreciation +€390,978
up €390,978 (+72.1%), from €542,440 to €933,418
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
€427,925
Turnover
-€9.1m
Other operating income
-€172,554
Goods and materials
+€1.9m
Services and other goods
+€5.2m
Staff costs
+€126,003
Depreciation
-€390,978
Write-downs
-€35,169
Other operating charges
-€60,125
Other operating items
+€2.1m
Financial income
-€104,100
Financial charges
+€70,852
Taxes
+€101,098
Result 2025
€102,994
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
-€644,598
Investment
-€971,898
Financing
+€1.0m
Cash 2024
€1.2m
From operations (derived)
-€644,598
Net result for the year
+€102,994
Depreciation
+€933,418
Receivables within one year
-€1.5m
Deferred charges and accrued income
+€21,464
Trade debts
-€323,888
Tax, wage and social debts
-€43,536
Other debts
-€99,726
Accrued charges and deferred income
+€226,781
Investment (derived)
-€971,898
Investment in fixed assets (net)
-€971,898
Financing
+€1.0m
Debts after one year
+€896,941
Current portion of long-term debt
+€162,589
Short-term financial debts
-€31,491
Contributions, distributions and other
+€9,103
Cash 2025
€571,895
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,066,417 | €8,966,182 | +€899,765 | +11.2% |
| Fixed assets | 21/28 | €4,324,172 | €4,362,652 | +€38,480 | +0.9% |
| Intangible fixed assets | 21 | €677,382 | €502,358 | -€175,024 | -25.8% |
| Tangible fixed assets | 22/27 | €2,907,470 | €3,001,072 | +€93,602 | +3.2% |
| Plant, machinery and equipment | 23 | €827,644 | €898,823 | +€71,179 | +8.6% |
| Furniture and vehicles | 24 | €149,051 | €145,162 | -€3,889 | -2.6% |
| Leasing and similar rights | 25 | €125,799 | €261,150 | +€135,351 | +107.6% |
| Other tangible fixed assets | 26 | €847,536 | €1,659,937 | +€812,400 | +95.9% |
| Assets under construction and advance payments | 27 | €957,439 | €36,000 | -€921,439 | -96.2% |
| Financial fixed assets | 28 | €739,321 | €859,222 | +€119,901 | +16.2% |
| Affiliated companies | 280/1 | €713,548 | - | -€713,548 | |
| Participating interests | 280 | €713,548 | - | -€713,548 | |
| Other financial fixed assets | 284/8 | €25,773 | - | -€25,773 | |
| Shares | 284 | €25,000 | - | -€25,000 | |
| Amounts receivable and cash guarantees | 285/8 | €773 | - | -€773 | |
| Current assets | 29/58 | €3,742,245 | €4,603,530 | +€861,285 | +23.0% |
| Amounts receivable within one year | 40/41 | €2,457,417 | €3,919,520 | +€1.5m | +59.5% |
| Trade receivables | 40 | €618,807 | €817,527 | +€198,720 | +32.1% |
| Other amounts receivable | 41 | €1,838,610 | €3,101,993 | +€1.3m | +68.7% |
| Cash at bank and in hand | 54/58 | €1,151,250 | €571,895 | -€579,354 | -50.3% |
| Deferred charges and accrued income | 490/1 | €133,578 | €112,114 | -€21,464 | -16.1% |
| Total equity and liabilities | 10/49 | €8,066,417 | €8,966,182 | +€899,765 | +11.2% |
| Equity | 10/15 | €3,612,157 | €3,724,253 | +€112,097 | +3.1% |
| Contributions | 10/11 | €163,349 | €163,349 | = | 0.0% |
| Capital | 10 | €163,349 | €163,349 | = | 0.0% |
| Issued capital | 100 | €163,349 | €163,349 | = | 0.0% |
| Reserves | 13 | €38,744 | €38,744 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,335 | €16,335 | = | 0.0% |
| Legal reserve | 130 | €16,335 | €16,335 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,641 | €14,641 | = | 0.0% |
| Distributable reserves | 133 | €7,768 | €7,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,410,063 | €3,513,057 | +€102,994 | +3.0% |
| Investment grants | 15 | - | €9,103 | +€9,103 | |
| Amounts payable | 17/49 | €4,454,260 | €5,241,929 | +€787,669 | +17.7% |
| Amounts payable after more than one year | 17 | €1,420,909 | €2,317,850 | +€896,941 | +63.1% |
| Financial debts | 170/4 | €1,420,909 | €2,317,850 | +€896,941 | +63.1% |
| Leasing and similar obligations | 172 | €210,084 | - | -€210,084 | |
| Credit institutions | 173 | €1,210,825 | - | -€1.2m | |
| Amounts payable within one year | 42/48 | €2,119,594 | €1,783,541 | -€336,053 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €171,525 | €334,114 | +€162,589 | +94.8% |
| Financial debts | 43 | €90,224 | €58,732 | -€31,491 | -34.9% |
| Credit institutions | 430/8 | €90,224 | €58,732 | -€31,491 | -34.9% |
| Trade debts | 44 | €1,494,634 | €1,170,746 | -€323,888 | -21.7% |
| Suppliers | 440/4 | €1,494,634 | €1,170,746 | -€323,888 | -21.7% |
| Taxes, remuneration and social security | 45 | €243,211 | €199,675 | -€43,536 | -17.9% |
| Taxes | 450/3 | €54,779 | €30,499 | -€24,280 | -44.3% |
| Remuneration and social security | 454/9 | €188,432 | €169,176 | -€19,256 | -10.2% |
| Other amounts payable | 47/48 | €120,000 | €20,274 | -€99,726 | -83.1% |
| Accrued charges and deferred income | 492/3 | €913,757 | €1,140,538 | +€226,781 | +24.8% |
| Operating income | 70/76A | €9,288,560 | - | -€9.3m | |
| Turnover | 70 | €9,116,006 | - | -€9.1m | |
| Other operating income | 74 | €172,554 | - | -€172,554 | |
| Operating charges | 60/66A | €8,738,163 | - | -€8.7m | |
| Goods for resale, raw materials and consumables | 60 | €1,949,807 | - | -€1.9m | |
| Purchases | 600/8 | €1,949,807 | - | -€1.9m | |
| Services and other goods | 61 | €5,170,620 | - | -€5.2m | |
| Remuneration, social security and pensions | 62 | €1,030,932 | €904,929 | -€126,003 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542,440 | €933,418 | +€390,978 | +72.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€29,623 | €5,545 | +€35,169 | |
| Other operating charges | 640/8 | €72,544 | €132,669 | +€60,125 | +82.9% |
| Non-recurring operating charges | 66A | €1,443 | - | -€1,443 | |
| Gross operating margin | 9900 | - | €2,134,179 | +€2.1m | |
| Operating profit (loss) | 9901 | €550,397 | €157,617 | -€392,780 | -71.4% |
| Financial income | 75/76B | €217,060 | €112,960 | -€104,100 | -48.0% |
| Recurring financial income | 75 | €58,661 | €112,960 | +€54,299 | +92.6% |
| Income from current assets | 751 | €58,083 | - | -€58,083 | |
| Other financial income | 752/9 | €579 | - | -€579 | |
| Non-recurring financial income | 76B | €158,399 | - | -€158,399 | |
| Financial charges | 65/66B | €209,772 | €138,920 | -€70,852 | -33.8% |
| Recurring financial charges | 65 | €51,372 | €138,920 | +€87,548 | +170.4% |
| Debt charges | 650 | €14,541 | - | -€14,541 | |
| Other financial charges | 652/9 | €36,831 | - | -€36,831 | |
| Non-recurring financial charges | 66B | €158,400 | - | -€158,400 | |
| Profit (loss) for the period before taxes | 9903 | €557,685 | €131,657 | -€426,029 | -76.4% |
| Income taxes | 67/77 | €129,761 | €28,663 | -€101,098 | -77.9% |
| Taxes | 670/3 | €129,761 | - | -€129,761 | |
| Profit (loss) for the period | 9904 | €427,925 | €102,994 | -€324,931 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €427,925 | €102,994 | -€324,931 | -75.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.