BUREAU WERION: 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.
BUREAU WERION
Largest movements
- Intangible fixed assets -€101,777
down €101,777 (-29.0%), from €351,060 to €249,284
- Receivables within one year +€52,165
up €52,165 (+27.9%), from €186,789 to €238,954
of which Other amounts receivable: +€58,508
- Cash -€31,100
down €31,100 (-69.4%), from €44,809 to €13,709
mainly Tax, wage and social debts (-€88,991) and Debts after one year (-€62,752)
- Tangible fixed assets -€14,139
down €14,139 (-3.9%), from €366,591 to €352,452
of which Land and buildings: -€24,162
- Reserves +€89,602
up €89,602 (+69.6%), from €128,828 to €218,430
of which Distributable reserves: +€89,602
- Tax, wage and social debts -€88,991
down €88,991 (-57.5%), from €154,736 to €65,745
of which Remuneration and social security: -€54,278
- Current portion of long-term debt +€63,546
up €63,546 (+91.8%), from €69,219 to €132,766
- Debts after one year -€62,752
down €62,752 (-39.4%), from €159,119 to €96,366
- Short-term financial debts -€33,453
down €33,453 (-100%), from €33,453 to €0
- Staff costs -€50,103
down €50,103 (-16.4%), from €305,182 to €255,079
- Taxes +€25,242
up €25,242 (+53.2%), from €47,456 to €72,699
- Write-downs -€20,114
down €20,114, from €17,791 to -€2,323
- Depreciation +€6,032
up €6,032 (+4.5%), from €132,980 to €139,012
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 | €951,703 | €859,417 | -€92,285 | -9.7% |
| Fixed assets | 21/28 | €717,651 | €601,735 | -€115,916 | -16.2% |
| Intangible fixed assets | 21 | €351,060 | €249,284 | -€101,777 | -29.0% |
| Tangible fixed assets | 22/27 | €366,591 | €352,452 | -€14,139 | -3.9% |
| Land and buildings | 22 | €343,224 | €319,062 | -€24,162 | -7.0% |
| Furniture and vehicles | 24 | €23,366 | €33,390 | +€10,023 | +42.9% |
| Current assets | 29/58 | €234,052 | €257,682 | +€23,630 | +10.1% |
| Amounts receivable within one year | 40/41 | €186,789 | €238,954 | +€52,165 | +27.9% |
| Trade receivables | 40 | €65,732 | €59,390 | -€6,342 | -9.6% |
| Other amounts receivable | 41 | €121,056 | €179,564 | +€58,508 | +48.3% |
| Cash at bank and in hand | 54/58 | €44,809 | €13,709 | -€31,100 | -69.4% |
| Deferred charges and accrued income | 490/1 | €2,454 | €5,019 | +€2,565 | +105% |
| Total equity and liabilities | 10/49 | €951,703 | €859,417 | -€92,285 | -9.7% |
| Equity | 10/15 | €328,828 | €418,430 | +€89,602 | +27.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €128,828 | €218,430 | +€89,602 | +69.6% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €108,828 | €198,430 | +€89,602 | +82.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €19,430 | €18,350 | -€1,080 | -5.6% |
| Deferred taxes | 168 | €19,430 | €18,350 | -€1,080 | -5.6% |
| Amounts payable | 17/49 | €603,445 | €422,637 | -€180,808 | -30.0% |
| Amounts payable after more than one year | 17 | €159,119 | €96,366 | -€62,752 | -39.4% |
| Financial debts | 170/4 | €159,119 | €96,366 | -€62,752 | -39.4% |
| Amounts payable within one year | 42/48 | €407,034 | €304,345 | -€102,689 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €69,219 | €132,766 | +€63,546 | +91.8% |
| Financial debts | 43 | €33,453 | €0 | -€33,453 | -100% |
| Credit institutions | 430/8 | €33,453 | €0 | -€33,453 | -100% |
| Trade debts | 44 | €22,875 | €10,691 | -€12,184 | -53.3% |
| Suppliers | 440/4 | €22,875 | €10,691 | -€12,184 | -53.3% |
| Taxes, remuneration and social security | 45 | €154,736 | €65,745 | -€88,991 | -57.5% |
| Taxes | 450/3 | €72,393 | €37,680 | -€34,713 | -48.0% |
| Remuneration and social security | 454/9 | €82,342 | €28,065 | -€54,278 | -65.9% |
| Other amounts payable | 47/48 | €126,751 | €95,144 | -€31,608 | -24.9% |
| Accrued charges and deferred income | 492/3 | €37,292 | €21,925 | -€15,367 | -41.2% |
| Non-recurring operating income | 76A | - | €19,858 | +€19,858 | |
| Remuneration, social security and pensions | 62 | €305,182 | €255,079 | -€50,103 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,980 | €139,012 | +€6,032 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,791 | -€2,323 | -€20,114 | |
| Other operating charges | 640/8 | €6,785 | €5,202 | -€1,583 | -23.3% |
| Non-recurring operating charges | 66A | €35,248 | €2,552 | -€32,696 | -92.8% |
| Gross operating margin | 9900 | €578,560 | €572,863 | -€5,697 | -1.0% |
| Operating profit (loss) | 9901 | €80,573 | €173,340 | +€92,767 | +115% |
| Financial income | 75/76B | €0 | €40 | +€40 | |
| Recurring financial income | 75 | €0 | €40 | +€40 | |
| Financial charges | 65/66B | €11,845 | €12,160 | +€315 | +2.7% |
| Recurring financial charges | 65 | €11,845 | €12,160 | +€315 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €68,729 | €161,221 | +€92,492 | +135% |
| Transfer from deferred taxes | 780 | €1,080 | €1,080 | = | 0.0% |
| Income taxes | 67/77 | €47,456 | €72,699 | +€25,242 | +53.2% |
| Profit (loss) for the period | 9904 | €22,353 | €89,602 | +€67,250 | +301% |
| Profit (loss) for the period to be appropriated | 9905 | €22,353 | €89,602 | +€67,250 | +301% |
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.