WEZO: 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.
WEZO
Largest movements
- Cash +€305,518
up €305,518 (+59.4%), from €514,314 to €819,833
mainly Current investments (+€290,000) and Depreciation (+€82,714)
- Current investments -€290,000
down €290,000 (-72.7%), from €398,826 to €108,826
- Tangible fixed assets -€64,025
down €64,025 (-33.7%), from €189,705 to €125,680
of which Plant, machinery and equipment: -€51,596
- Current portion of long-term debt -€27,758
down €27,758 (-56.8%), from €48,906 to €21,148
- Accrued charges and deferred income -€25,063
down €25,063 (-61.9%), from €40,464 to €15,401
- Financial charges -€23,252
down €23,252 (-49.4%), from €47,092 to €23,839
of which Non-recurring financial charges: -€18,526
- Staff costs +€18,607
up €18,607 (+10.4%), from €178,541 to €197,148
- Gross operating margin -€12,570
down €12,570 (-4.1%), from €308,815 to €296,245
- Provisions -€11,780
down €11,780, from €360 to -€11,420
- Taxes -€8,190
down €8,190 (-87.6%), from €9,345 to €1,155
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,026,466 | €1,983,580 | -€42,886 | -2.1% |
| Fixed assets | 21/28 | €189,705 | €125,680 | -€64,025 | -33.7% |
| Tangible fixed assets | 22/27 | €189,705 | €125,680 | -€64,025 | -33.7% |
| Land and buildings | 22 | €2,877 | €2,615 | -€261 | -9.1% |
| Plant, machinery and equipment | 23 | €162,799 | €111,203 | -€51,596 | -31.7% |
| Furniture and vehicles | 24 | €24,029 | €11,861 | -€12,168 | -50.6% |
| Current assets | 29/58 | €1,836,762 | €1,857,900 | +€21,139 | +1.2% |
| Amounts receivable after more than one year | 29 | €912,902 | €913,208 | +€306 | 0.0% |
| Other amounts receivable | 291 | €912,902 | €913,208 | +€306 | 0.0% |
| Amounts receivable within one year | 40/41 | €10,719 | €9,521 | -€1,198 | -11.2% |
| Trade receivables | 40 | €10,330 | - | -€10,330 | |
| Other amounts receivable | 41 | €389 | €9,521 | +€9,132 | +2345.0% |
| Current investments | 50/53 | €398,826 | €108,826 | -€290,000 | -72.7% |
| Cash at bank and in hand | 54/58 | €514,314 | €819,833 | +€305,518 | +59.4% |
| Deferred charges and accrued income | 490/1 | - | €6,512 | +€6,512 | |
| Total equity and liabilities | 10/49 | €2,026,466 | €1,983,580 | -€42,886 | -2.1% |
| Equity | 10/15 | €1,304,639 | €1,319,156 | +€14,517 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,286,039 | €1,300,556 | +€14,517 | +1.1% |
| Distributable reserves | 133 | €1,286,039 | €1,300,556 | +€14,517 | +1.1% |
| Amounts payable | 17/49 | €721,827 | €664,424 | -€57,403 | -8.0% |
| Amounts payable after more than one year | 17 | €338,332 | €329,782 | -€8,550 | -2.5% |
| Financial debts | 170/4 | €338,332 | €329,782 | -€8,550 | -2.5% |
| Amounts payable within one year | 42/48 | €343,032 | €319,242 | -€23,790 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €48,906 | €21,148 | -€27,758 | -56.8% |
| Financial debts | 43 | €306 | €228 | -€78 | -25.4% |
| Credit institutions | 430/8 | €306 | €228 | -€78 | -25.4% |
| Trade debts | 44 | €266,788 | €264,203 | -€2,585 | -1.0% |
| Suppliers | 440/4 | €266,788 | €264,203 | -€2,585 | -1.0% |
| Taxes, remuneration and social security | 45 | €27,032 | €33,662 | +€6,631 | +24.5% |
| Taxes | 450/3 | €7,800 | €6,600 | -€1,200 | -15.4% |
| Remuneration and social security | 454/9 | €19,232 | €27,062 | +€7,831 | +40.7% |
| Accrued charges and deferred income | 492/3 | €40,464 | €15,401 | -€25,063 | -61.9% |
| Non-recurring operating income | 76A | €2,500 | - | -€2,500 | |
| Remuneration, social security and pensions | 62 | €178,541 | €197,148 | +€18,607 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,059 | €82,714 | +€2,655 | +3.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €360 | -€11,420 | -€11,780 | |
| Other operating charges | 640/8 | €3,060 | €5,851 | +€2,790 | +91.2% |
| Gross operating margin | 9900 | €308,815 | €296,245 | -€12,570 | -4.1% |
| Operating profit (loss) | 9901 | €46,794 | €21,952 | -€24,843 | -53.1% |
| Financial income | 75/76B | €10,394 | €17,559 | +€7,165 | +68.9% |
| Recurring financial income | 75 | €10,394 | €17,559 | +€7,165 | +68.9% |
| Financial charges | 65/66B | €47,092 | €23,839 | -€23,252 | -49.4% |
| Recurring financial charges | 65 | €28,565 | €23,839 | -€4,726 | -16.5% |
| Non-recurring financial charges | 66B | €18,526 | - | -€18,526 | |
| Profit (loss) for the period before taxes | 9903 | €10,097 | €15,672 | +€5,575 | +55.2% |
| Income taxes | 67/77 | €9,345 | €1,155 | -€8,190 | -87.6% |
| Profit (loss) for the period | 9904 | €752 | €14,517 | +€13,764 | +1829.9% |
| Profit (loss) for the period to be appropriated | 9905 | €752 | €14,517 | +€13,764 | +1829.9% |
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 4 October 2026 via checked.be.