DE WERF: 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.
DE WERF
Largest movements
- Cash -€230,835
down €230,835 (-76.6%), from €301,538 to €70,704
mainly Tax, wage and social debts (-€241,110) and Receivables after one year (-€200,000)
- Receivables after one year +€200,000
new in 2025: €200,000
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Financial fixed assets -€6,300
no longer reported in 2025 (was €6,300)
- Tax, wage and social debts -€241,110
no longer reported in 2025 (was €241,110)
- Debts after one year +€71,500
new in 2025: €71,500
- Profit (loss) carried forward -€14,646
down €14,646 (-0.2%), from -€7.4m to -€7.4m
- Write-downs +€692,945
no longer reported in 2025 (was -€692,945)
- Gross operating margin -€328,716
down €328,716, from €325,233 to -€3,483
- Taxes -€241,084
no longer reported in 2025 (was €241,084)
- Financial charges -€41,886
down €41,886 (-98.4%), from €42,562 to €676
- Other operating charges +€7,938
up €7,938 (+101.7%), from €7,805 to €15,744
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 | €580,332 | €392,938 | -€187,394 | -32.3% |
| Fixed assets | 21/28 | €6,300 | - | -€6,300 | |
| Financial fixed assets | 28 | €6,300 | - | -€6,300 | |
| Current assets | 29/58 | €574,032 | €392,938 | -€181,094 | -31.5% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Amounts receivable within one year | 40/41 | €60,461 | €58,861 | -€1,600 | -2.6% |
| Trade receivables | 40 | €47,323 | €45,099 | -€2,224 | -4.7% |
| Other amounts receivable | 41 | €13,138 | €13,763 | +€624 | +4.8% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €301,538 | €70,704 | -€230,835 | -76.6% |
| Deferred charges and accrued income | 490/1 | €62,032 | €63,373 | +€1,340 | +2.2% |
| Total equity and liabilities | 10/49 | €580,332 | €392,938 | -€187,394 | -32.3% |
| Equity | 10/15 | €329,658 | €315,011 | -€14,646 | -4.4% |
| Contributions | 10/11 | €6,841,826 | €6,841,826 | = | 0.0% |
| Capital | 10 | €6,841,826 | €6,841,826 | = | 0.0% |
| Issued capital | 100 | €6,841,826 | €6,841,826 | = | 0.0% |
| Reserves | 13 | €839,082 | €839,082 | = | 0.0% |
| Non-distributable reserves | 130/1 | €92,970 | €92,970 | = | 0.0% |
| Legal reserve | 130 | €92,970 | €92,970 | = | 0.0% |
| Distributable reserves | 133 | €746,112 | €746,112 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,351,250 | -€7,365,897 | -€14,646 | -0.2% |
| Amounts payable | 17/49 | €250,674 | €77,927 | -€172,748 | -68.9% |
| Amounts payable after more than one year | 17 | - | €71,500 | +€71,500 | |
| Financial debts | 170/4 | - | €71,500 | +€71,500 | |
| Amounts payable within one year | 42/48 | €250,424 | €6,427 | -€243,998 | -97.4% |
| Current portion of amounts payable after more than one year | 42 | €1,500 | - | -€1,500 | |
| Trade debts | 44 | €7,815 | €3,219 | -€4,595 | -58.8% |
| Suppliers | 440/4 | €7,815 | €3,219 | -€4,595 | -58.8% |
| Taxes, remuneration and social security | 45 | €241,110 | - | -€241,110 | |
| Taxes | 450/3 | €241,110 | - | -€241,110 | |
| Other amounts payable | 47/48 | - | €3,208 | +€3,208 | |
| Accrued charges and deferred income | 492/3 | €250 | - | -€250 | |
| Non-recurring operating income | 76A | €236,800 | - | -€236,800 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€692,945 | - | +€692,945 | |
| Other operating charges | 640/8 | €7,805 | €15,744 | +€7,938 | +101.7% |
| Non-recurring operating charges | 66A | €236,196 | - | -€236,196 | |
| Gross operating margin | 9900 | €325,233 | -€3,483 | -€328,716 | |
| Operating profit (loss) | 9901 | €774,176 | -€19,227 | -€793,403 | |
| Financial income | 75/76B | - | €5,257 | +€5,257 | |
| Recurring financial income | 75 | - | €5,257 | +€5,257 | |
| Financial charges | 65/66B | €42,562 | €676 | -€41,886 | -98.4% |
| Recurring financial charges | 65 | €42,562 | €676 | -€41,886 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €731,614 | -€14,646 | -€746,261 | |
| Transfer from deferred taxes | 780 | €32,501 | - | -€32,501 | |
| Income taxes | 67/77 | €241,084 | - | -€241,084 | |
| Profit (loss) for the period | 9904 | €523,032 | -€14,646 | -€537,678 | |
| Transfer from tax-exempt reserves | 789 | €139,223 | - | -€139,223 | |
| Profit (loss) for the period to be appropriated | 9905 | €662,255 | -€14,646 | -€676,902 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.