De Werfhoeve: 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 Werfhoeve
Largest movements
- Tangible fixed assets -€57,785
down €57,785 (-4.3%), from €1.3m to €1.3m
of which Land and buildings: -€42,960
- Reserves -€39,853
down €39,853 (-6.1%), from €654,051 to €614,197
of which Tax-exempt reserves: -€50,753
- Accrued charges and deferred income +€24,192
up €24,192 (+2810.8%), from €861 to €25,053
- Provisions -€16,918
down €16,918 (-8.6%), from €196,733 to €179,816
- Other debts -€14,094
down €14,094 (-24.1%), from €58,602 to €44,508
- Gross operating margin -€9,740
down €9,740 (-18.9%), from €51,521 to €41,781
- Other operating charges +€3,497
up €3,497 (+59.6%), from €5,872 to €9,370
- Financial charges -€2,877
down €2,877 (-11.1%), from €26,013 to €23,135
- Depreciation +€2,838
up €2,838 (+5.0%), from €56,449 to €59,287
- Taxes -€1,043
down €1,043 (-13.3%), from €7,864 to €6,821
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 | €1,408,735 | €1,353,087 | -€55,648 | -4.0% |
| Fixed assets | 21/28 | €1,350,821 | €1,293,036 | -€57,785 | -4.3% |
| Tangible fixed assets | 22/27 | €1,348,935 | €1,291,150 | -€57,785 | -4.3% |
| Land and buildings | 22 | €1,282,143 | €1,239,184 | -€42,960 | -3.4% |
| Furniture and vehicles | 24 | €66,791 | €51,966 | -€14,825 | -22.2% |
| Financial fixed assets | 28 | €1,886 | €1,886 | = | 0.0% |
| Current assets | 29/58 | €57,914 | €60,051 | +€2,137 | +3.7% |
| Amounts receivable within one year | 40/41 | €7,285 | €2,179 | -€5,106 | -70.1% |
| Other amounts receivable | 41 | €7,285 | €2,179 | -€5,106 | -70.1% |
| Cash at bank and in hand | 54/58 | €47,481 | €54,534 | +€7,054 | +14.9% |
| Deferred charges and accrued income | 490/1 | €3,149 | €3,338 | +€189 | +6.0% |
| Total equity and liabilities | 10/49 | €1,408,735 | €1,353,087 | -€55,648 | -4.0% |
| Equity | 10/15 | €817,049 | €777,289 | -€39,760 | -4.9% |
| Contributions | 10/11 | €161,000 | €161,000 | = | 0.0% |
| Capital | 10 | €161,000 | €161,000 | = | 0.0% |
| Issued capital | 100 | €161,000 | €161,000 | = | 0.0% |
| Reserves | 13 | €654,051 | €614,197 | -€39,853 | -6.1% |
| Non-distributable reserves | 130/1 | €7,450 | €8,350 | +€900 | +12.1% |
| Legal reserve | 130 | €7,450 | €8,350 | +€900 | +12.1% |
| Tax-exempt reserves | 132 | €590,201 | €539,447 | -€50,753 | -8.6% |
| Distributable reserves | 133 | €56,400 | €66,400 | +€10,000 | +17.7% |
| Profit (loss) carried forward | 14 | €1,999 | €2,092 | +€93 | +4.7% |
| Provisions and deferred taxes | 16 | €196,733 | €179,816 | -€16,918 | -8.6% |
| Deferred taxes | 168 | €196,733 | €179,816 | -€16,918 | -8.6% |
| Amounts payable | 17/49 | €394,952 | €395,982 | +€1,029 | +0.3% |
| Amounts payable within one year | 42/48 | €394,092 | €370,929 | -€23,163 | -5.9% |
| Financial debts | 43 | €320,000 | €320,000 | = | 0.0% |
| Other loans | 439 | €320,000 | €320,000 | = | 0.0% |
| Trade debts | 44 | €2,979 | €3,557 | +€577 | +19.4% |
| Suppliers | 440/4 | €2,979 | €3,557 | +€577 | +19.4% |
| Taxes, remuneration and social security | 45 | €12,510 | €2,864 | -€9,646 | -77.1% |
| Taxes | 450/3 | €12,510 | €2,864 | -€9,646 | -77.1% |
| Other amounts payable | 47/48 | €58,602 | €44,508 | -€14,094 | -24.1% |
| Accrued charges and deferred income | 492/3 | €861 | €25,053 | +€24,192 | +2810.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,449 | €59,287 | +€2,838 | +5.0% |
| Other operating charges | 640/8 | €5,872 | €9,370 | +€3,497 | +59.6% |
| Non-recurring operating charges | 66A | €4,714 | - | -€4,714 | |
| Gross operating margin | 9900 | €51,521 | €41,781 | -€9,740 | -18.9% |
| Operating profit (loss) | 9901 | -€15,515 | -€26,876 | -€11,361 | -73.2% |
| Financial income | 75/76B | €5 | €155 | +€150 | +2991.8% |
| Recurring financial income | 75 | €5 | €155 | +€150 | +2991.8% |
| Financial charges | 65/66B | €26,013 | €23,135 | -€2,877 | -11.1% |
| Recurring financial charges | 65 | €26,013 | €23,135 | -€2,877 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | -€41,523 | -€49,857 | -€8,334 | -20.1% |
| Transfer from deferred taxes | 780 | €16,918 | €16,918 | = | 0.0% |
| Income taxes | 67/77 | €7,864 | €6,821 | -€1,043 | -13.3% |
| Profit (loss) for the period | 9904 | -€32,469 | -€39,760 | -€7,291 | -22.5% |
| Transfer from tax-exempt reserves | 789 | €50,753 | €50,753 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,284 | €10,993 | -€7,291 | -39.9% |
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 10 October 2026 via checked.be.