Het Werft: 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.
Het Werft
Largest movements
- Current investments +€50,000
new in 2024: €50,000
- Cash -€33,060
down €33,060 (-58.5%), from €56,483 to €23,423
mainly Current investments (-€50,000) and Debts after one year (-€13,366)
- Tangible fixed assets -€17,224
down €17,224 (-11.3%), from €152,918 to €135,695
- Receivables within one year -€7,376
down €7,376 (-43.4%), from €16,988 to €9,611
of which Trade receivables: -€12,156
- Stocks and contracts -€3,690
down €3,690 (-12.8%), from €28,803 to €25,112
- Reserves +€24,794
up €24,794 (+53.9%), from €46,023 to €70,817
of which Distributable reserves: +€24,794
- Debts after one year -€13,366
down €13,366 (-10.7%), from €124,368 to €111,002
- Trade debts -€12,044
down €12,044 (-49.3%), from €24,412 to €12,368
- Current portion of long-term debt -€6,752
down €6,752 (-33.6%), from €20,118 to €13,366
- Gross operating margin -€4,724
down €4,724 (-7.0%), from €67,077 to €62,352
- Financial charges -€1,001
down €1,001 (-22.3%), from €4,489 to €3,489
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,192 | €244,721 | -€10,471 | -4.1% |
| Fixed assets | 21/28 | €152,918 | €135,695 | -€17,224 | -11.3% |
| Tangible fixed assets | 22/27 | €152,918 | €135,695 | -€17,224 | -11.3% |
| Land and buildings | 22 | €115,500 | €107,250 | -€8,250 | -7.1% |
| Plant, machinery and equipment | 23 | €23,860 | €19,557 | -€4,304 | -18.0% |
| Furniture and vehicles | 24 | €13,558 | €8,888 | -€4,670 | -34.4% |
| Current assets | 29/58 | €102,273 | €109,026 | +€6,753 | +6.6% |
| Stocks and contracts in progress | 3 | €28,803 | €25,112 | -€3,690 | -12.8% |
| Stocks | 30/36 | €28,803 | €25,112 | -€3,690 | -12.8% |
| Amounts receivable within one year | 40/41 | €16,988 | €9,611 | -€7,376 | -43.4% |
| Trade receivables | 40 | €16,972 | €4,816 | -€12,156 | -71.6% |
| Other amounts receivable | 41 | €16 | €4,795 | +€4,780 | +30560.0% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €56,483 | €23,423 | -€33,060 | -58.5% |
| Deferred charges and accrued income | 490/1 | - | €879 | +€879 | |
| Total equity and liabilities | 10/49 | €255,192 | €244,721 | -€10,471 | -4.1% |
| Equity | 10/15 | €64,623 | €89,417 | +€24,794 | +38.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,023 | €70,817 | +€24,794 | +53.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,163 | €68,957 | +€24,794 | +56.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €190,569 | €155,304 | -€35,265 | -18.5% |
| Amounts payable after more than one year | 17 | €124,368 | €111,002 | -€13,366 | -10.7% |
| Financial debts | 170/4 | €124,368 | €111,002 | -€13,366 | -10.7% |
| Amounts payable within one year | 42/48 | €66,201 | €44,302 | -€21,898 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €20,118 | €13,366 | -€6,752 | -33.6% |
| Trade debts | 44 | €24,412 | €12,368 | -€12,044 | -49.3% |
| Suppliers | 440/4 | €24,412 | €12,368 | -€12,044 | -49.3% |
| Taxes, remuneration and social security | 45 | €7,995 | €5,568 | -€2,427 | -30.4% |
| Taxes | 450/3 | €7,995 | €5,568 | -€2,427 | -30.4% |
| Other amounts payable | 47/48 | €13,675 | €13,000 | -€675 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,310 | €19,033 | -€277 | -1.4% |
| Other operating charges | 640/8 | €1,521 | €1,799 | +€278 | +18.3% |
| Gross operating margin | 9900 | €67,077 | €62,352 | -€4,724 | -7.0% |
| Operating profit (loss) | 9901 | €46,246 | €41,520 | -€4,726 | -10.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -83.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -83.3% |
| Financial charges | 65/66B | €4,489 | €3,489 | -€1,001 | -22.3% |
| Recurring financial charges | 65 | €4,489 | €3,489 | -€1,001 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €41,757 | €38,031 | -€3,726 | -8.9% |
| Income taxes | 67/77 | €7,893 | €7,238 | -€655 | -8.3% |
| Profit (loss) for the period | 9904 | €33,864 | €30,794 | -€3,071 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,864 | €30,794 | -€3,071 | -9.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.