WSELS: 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.
WSELS
Largest movements
- Cash -€70,364
down €70,364 (-52.3%), from €134,481 to €64,117
mainly Contributions, distributions and other (-€165,000) and Investment in fixed assets (net) (-€1,673)
- Receivables within one year -€4,224
down €4,224 (-17.6%), from €24,069 to €19,844
of which Other amounts receivable: -€8,561
- Reserves -€117,325
down €117,325 (-88.0%), from €133,273 to €15,947
of which Distributable reserves: -€117,325
- Other debts +€40,000
up €40,000, from €0 to €40,000
- Tax, wage and social debts +€4,031
up €4,031 (+47.8%), from €8,426 to €12,457
- Gross operating margin +€63,063
up €63,063 (+5130.2%), from €1,229 to €64,292
- Taxes +€12,839
up €12,839 (+5852.0%), from €219 to €13,058
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 | €163,199 | €88,589 | -€74,610 | -45.7% |
| Fixed assets | 21/28 | €3,768 | €2,755 | -€1,013 | -26.9% |
| Tangible fixed assets | 22/27 | €3,768 | €2,755 | -€1,013 | -26.9% |
| Plant, machinery and equipment | 23 | €1,449 | €892 | -€557 | -38.4% |
| Furniture and vehicles | 24 | €2,319 | €1,863 | -€456 | -19.7% |
| Current assets | 29/58 | €159,431 | €85,835 | -€73,597 | -46.2% |
| Amounts receivable within one year | 40/41 | €24,069 | €19,844 | -€4,224 | -17.6% |
| Trade receivables | 40 | €13,597 | €17,934 | +€4,337 | +31.9% |
| Other amounts receivable | 41 | €10,471 | €1,910 | -€8,561 | -81.8% |
| Cash at bank and in hand | 54/58 | €134,481 | €64,117 | -€70,364 | -52.3% |
| Deferred charges and accrued income | 490/1 | €881 | €1,873 | +€992 | +112.6% |
| Total equity and liabilities | 10/49 | €163,199 | €88,589 | -€74,610 | -45.7% |
| Equity | 10/15 | €151,873 | €34,547 | -€117,325 | -77.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €133,273 | €15,947 | -€117,325 | -88.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €133,273 | €15,947 | -€117,325 | -88.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,326 | €54,042 | +€42,716 | +377.1% |
| Amounts payable within one year | 42/48 | €11,326 | €54,042 | +€42,716 | +377.1% |
| Financial debts | 43 | €2,044 | €780 | -€1,265 | -61.9% |
| Credit institutions | 430/8 | €2,044 | €780 | -€1,265 | -61.9% |
| Trade debts | 44 | €856 | €805 | -€51 | -5.9% |
| Suppliers | 440/4 | €856 | €805 | -€51 | -5.9% |
| Taxes, remuneration and social security | 45 | €8,426 | €12,457 | +€4,031 | +47.8% |
| Taxes | 450/3 | €8,426 | €12,457 | +€4,031 | +47.8% |
| Other amounts payable | 47/48 | €0 | €40,000 | +€40,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,591 | €2,686 | +€95 | +3.7% |
| Other operating charges | 640/8 | €1,257 | €1,002 | -€254 | -20.2% |
| Gross operating margin | 9900 | €1,229 | €64,292 | +€63,063 | +5130.2% |
| Operating profit (loss) | 9901 | -€2,618 | €60,604 | +€63,222 | |
| Financial income | 75/76B | €125 | €232 | +€107 | +85.7% |
| Recurring financial income | 75 | €125 | €232 | +€107 | +85.7% |
| Financial charges | 65/66B | €121 | €103 | -€18 | -14.6% |
| Recurring financial charges | 65 | €121 | €103 | -€18 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,614 | €60,733 | +€63,347 | |
| Income taxes | 67/77 | €219 | €13,058 | +€12,839 | +5852.0% |
| Profit (loss) for the period | 9904 | -€2,833 | €47,675 | +€50,508 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,833 | €47,675 | +€50,508 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.