WEYNAND PAUL: what changed
WEYNAND PAUL
Largest movements
- Receivables within one year -€225,021
down €225,021 (-31.0%), from €725,642 to €500,620
of which Trade receivables: -€180,572
- Cash +€132,149
up €132,149 (+74.2%), from €178,142 to €310,292
mainly Receivables within one year (+€225,021) and Depreciation (+€166,773)
- Stocks and contracts -€118,730
down €118,730 (-21.7%), from €546,442 to €427,712
- Tangible fixed assets -€50,860
down €50,860 (-4.3%), from €1.2m to €1.1m
of which Land and buildings: -€52,701
- Trade debts -€189,732
down €189,732 (-37.5%), from €506,250 to €316,518
- Debts after one year -€77,317
down €77,317 (-13.3%), from €583,458 to €506,141
- Reserves +€69,601
up €69,601 (+15.0%), from €463,322 to €532,923
- Short-term financial debts -€41,806
down €41,806 (-10.4%), from €400,824 to €359,018
- Tax, wage and social debts -€29,267
down €29,267 (-20.1%), from €145,338 to €116,071
of which Remuneration and social security: -€56,952
- Gross operating margin +€198,470
up €198,470 (+15.8%), from €1.3m to €1.5m
- Staff costs +€115,151
up €115,151 (+10.6%), from €1.1m to €1.2m
- Financial income -€29,071
down €29,071 (-34.8%), from €83,597 to €54,527
of which Non-recurring financial income: -€16,041
- Depreciation +€17,602
up €17,602 (+11.8%), from €149,171 to €166,773
- Taxes +€15,509
up €15,509 (+110%), from €14,115 to €29,623
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,664,229 | €2,401,945 | -€262,284 | -9.8% |
| Fixed assets | 21/28 | €1,202,565 | €1,151,705 | -€50,860 | -4.2% |
| Tangible fixed assets | 22/27 | €1,171,716 | €1,120,856 | -€50,860 | -4.3% |
| Land and buildings | 22 | €897,343 | €844,642 | -€52,701 | -5.9% |
| Plant, machinery and equipment | 23 | €60,985 | €71,623 | +€10,638 | +17.4% |
| Furniture and vehicles | 24 | €213,388 | €204,591 | -€8,797 | -4.1% |
| Financial fixed assets | 28 | €30,849 | €30,849 | = | 0.0% |
| Current assets | 29/58 | €1,461,665 | €1,250,240 | -€211,424 | -14.5% |
| Stocks and contracts in progress | 3 | €546,442 | €427,712 | -€118,730 | -21.7% |
| Stocks | 30/36 | €546,442 | €427,712 | -€118,730 | -21.7% |
| Amounts receivable within one year | 40/41 | €725,642 | €500,620 | -€225,021 | -31.0% |
| Trade receivables | 40 | €669,137 | €488,565 | -€180,572 | -27.0% |
| Other amounts receivable | 41 | €56,505 | €12,056 | -€44,449 | -78.7% |
| Cash at bank and in hand | 54/58 | €178,142 | €310,292 | +€132,149 | +74.2% |
| Deferred charges and accrued income | 490/1 | €11,439 | €11,616 | +€177 | +1.5% |
| Total equity and liabilities | 10/49 | €2,664,229 | €2,401,945 | -€262,284 | -9.8% |
| Equity | 10/15 | €987,068 | €1,062,906 | +€75,837 | +7.7% |
| Contributions | 10/11 | €396,031 | €396,031 | = | 0.0% |
| Capital | 10 | €396,031 | €396,031 | = | 0.0% |
| Issued capital | 100 | €396,031 | €396,031 | = | 0.0% |
| Reserves | 13 | €463,322 | €532,923 | +€69,601 | +15.0% |
| Distributable reserves | 133 | €463,322 | €532,923 | +€69,601 | +15.0% |
| Profit (loss) carried forward | 14 | €94,200 | €94,200 | = | 0.0% |
| Investment grants | 15 | €33,515 | €39,751 | +€6,236 | +18.6% |
| Amounts payable | 17/49 | €1,677,161 | €1,339,040 | -€338,122 | -20.2% |
| Amounts payable after more than one year | 17 | €583,458 | €506,141 | -€77,317 | -13.3% |
| Financial debts | 170/4 | €583,458 | €506,141 | -€77,317 | -13.3% |
| Amounts payable within one year | 42/48 | €1,093,703 | €832,898 | -€260,805 | -23.8% |
| Financial debts | 43 | €400,824 | €359,018 | -€41,806 | -10.4% |
| Credit institutions | 430/8 | €400,824 | €359,018 | -€41,806 | -10.4% |
| Trade debts | 44 | €506,250 | €316,518 | -€189,732 | -37.5% |
| Suppliers | 440/4 | €506,250 | €316,518 | -€189,732 | -37.5% |
| Taxes, remuneration and social security | 45 | €145,338 | €116,071 | -€29,267 | -20.1% |
| Taxes | 450/3 | €5,810 | €33,495 | +€27,685 | +476% |
| Remuneration and social security | 454/9 | €139,528 | €82,576 | -€56,952 | -40.8% |
| Other amounts payable | 47/48 | €41,291 | €41,291 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,083,946 | €1,199,097 | +€115,151 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,171 | €166,773 | +€17,602 | +11.8% |
| Other operating charges | 640/8 | €15,740 | €16,279 | +€539 | +3.4% |
| Gross operating margin | 9900 | €1,259,795 | €1,458,265 | +€198,470 | +15.8% |
| Operating profit (loss) | 9901 | €10,938 | €76,116 | +€65,177 | +596% |
| Financial income | 75/76B | €83,597 | €54,527 | -€29,071 | -34.8% |
| Recurring financial income | 75 | €64,904 | €51,874 | -€13,030 | -20.1% |
| Non-recurring financial income | 76B | €18,693 | €2,653 | -€16,041 | -85.8% |
| Financial charges | 65/66B | €41,651 | €31,418 | -€10,233 | -24.6% |
| Recurring financial charges | 65 | €41,651 | €31,418 | -€10,233 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €52,885 | €99,225 | +€46,339 | +87.6% |
| Income taxes | 67/77 | €14,115 | €29,623 | +€15,509 | +110% |
| Profit (loss) for the period | 9904 | €38,771 | €69,601 | +€30,831 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,771 | €69,601 | +€30,831 | +79.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.