ALGEMENE WERF BESCHERMING: what changed
ALGEMENE WERF BESCHERMING
Largest movements
- Cash -€97,394
down €97,394 (-36.6%), from €265,951 to €168,557
mainly Other debts (-€127,353) and Trade debts (-€25,779)
- Receivables within one year -€32,715
down €32,715 (-66.7%), from €49,013 to €16,297
of which Trade receivables: -€35,374
- Stocks and contracts -€27,558
down €27,558 (-39.5%), from €69,683 to €42,125
- Other debts -€127,353
down €127,353 (-37.1%), from €343,529 to €216,175
- Trade debts -€25,779
down €25,779 (-98.3%), from €26,218 to €438
- Gross operating margin -€19,568
down €19,568 (-48.3%), from €40,521 to €20,954
- Depreciation -€1,590
down €1,590 (-82.6%), from €1,925 to €335
- Financial charges +€1,209
up €1,209 (+194%), from €622 to €1,831
- Financial income -€1,108
down €1,108 (-100.0%), from €1,108 to €0
- Taxes -€601
down €601 (-57.8%), from €1,041 to €440
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 | €385,368 | €230,398 | -€154,971 | -40.2% |
| Fixed assets | 21/28 | - | €3,419 | +€3,419 | |
| Intangible fixed assets | 21 | - | €3,419 | +€3,419 | |
| Current assets | 29/58 | €385,368 | €226,979 | -€158,389 | -41.1% |
| Stocks and contracts in progress | 3 | €69,683 | €42,125 | -€27,558 | -39.5% |
| Stocks | 30/36 | €69,683 | €42,125 | -€27,558 | -39.5% |
| Amounts receivable within one year | 40/41 | €49,013 | €16,297 | -€32,715 | -66.7% |
| Trade receivables | 40 | €48,983 | €13,608 | -€35,374 | -72.2% |
| Other amounts receivable | 41 | €30 | €2,689 | +€2,659 | +8,893% |
| Cash at bank and in hand | 54/58 | €265,951 | €168,557 | -€97,394 | -36.6% |
| Deferred charges and accrued income | 490/1 | €722 | - | -€722 | |
| Total equity and liabilities | 10/49 | €385,368 | €230,398 | -€154,971 | -40.2% |
| Equity | 10/15 | €12,809 | €13,344 | +€536 | +4.2% |
| Contributions | 10/11 | €7,550 | €7,550 | = | 0.0% |
| Reserves | 13 | €5,259 | €5,794 | +€536 | +10.2% |
| Distributable reserves | 133 | €5,259 | €5,794 | +€536 | +10.2% |
| Amounts payable | 17/49 | €372,560 | €217,053 | -€155,506 | -41.7% |
| Amounts payable within one year | 42/48 | €372,452 | €217,053 | -€155,398 | -41.7% |
| Trade debts | 44 | €26,218 | €438 | -€25,779 | -98.3% |
| Suppliers | 440/4 | €26,218 | €438 | -€25,779 | -98.3% |
| Taxes, remuneration and social security | 45 | €2,705 | €440 | -€2,266 | -83.7% |
| Taxes | 450/3 | €2,705 | €440 | -€2,266 | -83.7% |
| Other amounts payable | 47/48 | €343,529 | €216,175 | -€127,353 | -37.1% |
| Accrued charges and deferred income | 492/3 | €108 | - | -€108 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,925 | €335 | -€1,590 | -82.6% |
| Other operating charges | 640/8 | €462 | €462 | -€1 | -0.1% |
| Gross operating margin | 9900 | €40,521 | €20,954 | -€19,568 | -48.3% |
| Operating profit (loss) | 9901 | €38,134 | €20,157 | -€17,977 | -47.1% |
| Financial income | 75/76B | €1,108 | €0 | -€1,108 | -100.0% |
| Recurring financial income | 75 | €1,108 | €0 | -€1,108 | -100.0% |
| Financial charges | 65/66B | €622 | €1,831 | +€1,209 | +194% |
| Recurring financial charges | 65 | €622 | €1,831 | +€1,209 | +194% |
| Profit (loss) for the period before taxes | 9903 | €38,620 | €18,326 | -€20,294 | -52.5% |
| Income taxes | 67/77 | €1,041 | €440 | -€601 | -57.8% |
| Profit (loss) for the period | 9904 | €37,578 | €17,886 | -€19,693 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,578 | €17,886 | -€19,693 | -52.4% |
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 4 November 2026 via checked.be.