DE WERELDVREDE: 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.
DE WERELDVREDE
Largest movements
- Cash -€441,814
down €441,814 (-86.0%), from €513,512 to €71,698
mainly Stocks and contracts (-€316,231) and Debts after one year (-€169,286)
- Stocks and contracts +€316,231
new in 2025: €316,231
- Intangible fixed assets -€290,083
down €290,083 (-45.5%), from €637,752 to €347,669
- Receivables within one year -€160,392
down €160,392 (-78.3%), from €204,764 to €44,372
of which Other amounts receivable: -€149,119
- Debts after one year -€169,286
down €169,286 (-47.5%), from €356,429 to €187,143
- Investment grants -€150,429
down €150,429 (-46.2%), from €325,571 to €175,143
- Trade debts -€144,125
down €144,125 (-35.2%), from €409,481 to €265,357
- Accrued charges and deferred income -€139,178
down €139,178 (-99.4%), from €140,026 to €849
- Reserves +€23,140
up €23,140 (+1,244%), from €1,860 to €25,000
- Gross operating margin +€1.5m
up €1.5m, from -€973,974 to €561,580
- Financial income -€1.5m
down €1.5m (-99.8%), from €1.5m to €2,569
- Staff costs +€56,436
up €56,436 (+36.5%), from €154,664 to €211,100
- Depreciation -€11,438
down €11,438 (-3.6%), from €321,336 to €309,898
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 | €1,386,176 | €809,464 | -€576,712 | -41.6% |
| Fixed assets | 21/28 | €650,676 | €356,756 | -€293,919 | -45.2% |
| Intangible fixed assets | 21 | €637,752 | €347,669 | -€290,083 | -45.5% |
| Tangible fixed assets | 22/27 | €8,511 | €4,675 | -€3,836 | -45.1% |
| Furniture and vehicles | 24 | €8,511 | €4,675 | -€3,836 | -45.1% |
| Financial fixed assets | 28 | €4,413 | €4,413 | = | 0.0% |
| Current assets | 29/58 | €735,501 | €452,708 | -€282,792 | -38.4% |
| Stocks and contracts in progress | 3 | - | €316,231 | +€316,231 | |
| Contracts in progress | 37 | - | €316,231 | +€316,231 | |
| Amounts receivable within one year | 40/41 | €204,764 | €44,372 | -€160,392 | -78.3% |
| Trade receivables | 40 | €23,810 | €12,537 | -€11,273 | -47.3% |
| Other amounts receivable | 41 | €180,953 | €31,835 | -€149,119 | -82.4% |
| Cash at bank and in hand | 54/58 | €513,512 | €71,698 | -€441,814 | -86.0% |
| Deferred charges and accrued income | 490/1 | €17,225 | €20,407 | +€3,183 | +18.5% |
| Total equity and liabilities | 10/49 | €1,386,176 | €809,464 | -€576,712 | -41.6% |
| Equity | 10/15 | €350,158 | €218,894 | -€131,263 | -37.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €25,000 | +€23,140 | +1,244% |
| Distributable reserves | 133 | €1,860 | €25,000 | +€23,140 | +1,244% |
| Profit (loss) carried forward | 14 | €4,126 | €152 | -€3,975 | -96.3% |
| Investment grants | 15 | €325,571 | €175,143 | -€150,429 | -46.2% |
| Amounts payable | 17/49 | €1,036,019 | €590,570 | -€445,449 | -43.0% |
| Amounts payable after more than one year | 17 | €356,429 | €187,143 | -€169,286 | -47.5% |
| Other amounts payable | 178/9 | €356,429 | €187,143 | -€169,286 | -47.5% |
| Amounts payable within one year | 42/48 | €539,564 | €402,579 | -€136,985 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €409,481 | €265,357 | -€144,125 | -35.2% |
| Suppliers | 440/4 | €409,481 | €265,357 | -€144,125 | -35.2% |
| Taxes, remuneration and social security | 45 | €4,628 | €11,915 | +€7,287 | +157% |
| Taxes | 450/3 | €4,628 | €11,915 | +€7,287 | +157% |
| Other amounts payable | 47/48 | €455 | €307 | -€148 | -32.5% |
| Accrued charges and deferred income | 492/3 | €140,026 | €849 | -€139,178 | -99.4% |
| Remuneration, social security and pensions | 62 | €154,664 | €211,100 | +€56,436 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321,336 | €309,898 | -€11,438 | -3.6% |
| Other operating charges | 640/8 | €1,400 | €5,276 | +€3,877 | +277% |
| Non-recurring operating charges | 66A | €960 | - | -€960 | |
| Gross operating margin | 9900 | -€973,974 | €561,580 | +€1.5m | |
| Operating profit (loss) | 9901 | -€1,452,334 | €35,306 | +€1.5m | |
| Financial income | 75/76B | €1,465,282 | €2,569 | -€1.5m | -99.8% |
| Recurring financial income | 75 | €1,465,282 | €2,569 | -€1.5m | -99.8% |
| Financial charges | 65/66B | €8,421 | €5,511 | -€2,910 | -34.6% |
| Recurring financial charges | 65 | €8,421 | €5,511 | -€2,910 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €4,527 | €32,363 | +€27,837 | +615% |
| Income taxes | 67/77 | €4,838 | €13,198 | +€8,361 | +173% |
| Profit (loss) for the period | 9904 | -€311 | €19,165 | +€19,476 | |
| Profit (loss) for the period to be appropriated | 9905 | -€311 | €19,165 | +€19,476 |
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 26 October 2026 via checked.be.