WEZEL INVEST: 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.
WEZEL INVEST
Largest movements
- Stocks and contracts +€479,536
up €479,536 (+39.8%), from €1.2m to €1.7m
- Short-term financial debts +€411,000
up €411,000 (+53.4%), from €770,000 to €1.2m
- Other debts +€70,917
up €70,917 (+16.8%), from €422,775 to €493,692
- Gross operating margin -€44,057
down €44,057 (-68.3%), from €64,504 to €20,447
- Financial charges -€5,993
down €5,993 (-16.3%), from €36,725 to €30,732
- Taxes -€2,130
no longer reported in 2025 (was €2,130)
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 | €1,270,275 | €1,743,950 | +€473,675 | +37.3% |
| Fixed assets | 21/28 | €251 | - | -€251 | |
| Tangible fixed assets | 22/27 | €251 | - | -€251 | |
| Furniture and vehicles | 24 | €251 | - | -€251 | |
| Current assets | 29/58 | €1,270,023 | €1,743,950 | +€473,927 | +37.3% |
| Stocks and contracts in progress | 3 | €1,204,369 | €1,683,906 | +€479,536 | +39.8% |
| Stocks | 30/36 | €1,204,369 | €1,683,906 | +€479,536 | +39.8% |
| Amounts receivable within one year | 40/41 | €55,062 | €45,750 | -€9,312 | -16.9% |
| Trade receivables | 40 | €54,825 | €45,750 | -€9,075 | -16.6% |
| Other amounts receivable | 41 | €237 | - | -€237 | |
| Cash at bank and in hand | 54/58 | €10,592 | €14,294 | +€3,703 | +35.0% |
| Total equity and liabilities | 10/49 | €1,270,275 | €1,743,950 | +€473,675 | +37.3% |
| Equity | 10/15 | €76,726 | €66,483 | -€10,243 | -13.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €51,726 | €51,726 | = | 0.0% |
| Distributable reserves | 133 | €51,726 | €51,726 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,243 | -€10,243 | |
| Amounts payable | 17/49 | €1,193,548 | €1,677,466 | +€483,918 | +40.5% |
| Amounts payable within one year | 42/48 | €1,192,905 | €1,675,435 | +€482,530 | +40.4% |
| Financial debts | 43 | €770,000 | €1,181,000 | +€411,000 | +53.4% |
| Credit institutions | 430/8 | €770,000 | €1,181,000 | +€411,000 | +53.4% |
| Trade debts | 44 | - | €351 | +€351 | |
| Suppliers | 440/4 | - | €351 | +€351 | |
| Taxes, remuneration and social security | 45 | €130 | €392 | +€262 | +202% |
| Taxes | 450/3 | €130 | €392 | +€262 | +202% |
| Other amounts payable | 47/48 | €422,775 | €493,692 | +€70,917 | +16.8% |
| Accrued charges and deferred income | 492/3 | €643 | €2,031 | +€1,388 | +216% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €286 | €251 | -€34 | -12.1% |
| Gross operating margin | 9900 | €64,504 | €20,447 | -€44,057 | -68.3% |
| Operating profit (loss) | 9901 | €64,218 | €20,196 | -€44,023 | -68.6% |
| Financial income | 75/76B | - | €293 | +€293 | |
| Recurring financial income | 75 | - | €293 | +€293 | |
| Financial charges | 65/66B | €36,725 | €30,732 | -€5,993 | -16.3% |
| Recurring financial charges | 65 | €36,725 | €30,732 | -€5,993 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €27,493 | -€10,243 | -€37,736 | |
| Income taxes | 67/77 | €2,130 | - | -€2,130 | |
| Profit (loss) for the period | 9904 | €25,363 | -€10,243 | -€35,606 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,363 | -€10,243 | -€35,606 |
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 27 October 2026 via checked.be.