LE WIERTZ: 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.
LE WIERTZ
Largest movements
- Cash +€17,345
up €17,345 (+36.4%), from €47,615 to €64,960
mainly Other debts (+€38,182) and Depreciation (+€18,467)
- Deferred charges and accrued income +€10,643
up €10,643 (+215%), from €4,947 to €15,590
- Tangible fixed assets +€7,218
up €7,218 (+6.3%), from €114,031 to €121,249
of which Land and buildings: +€13,401
- Receivables within one year +€3,725
up €3,725 (+571%), from €653 to €4,378
of which Trade receivables: +€4,378
- Other debts +€38,182
up €38,182 (+179%), from €21,385 to €59,567
- Current portion of long-term debt +€2,579
up €2,579 (+35.5%), from €7,268 to €9,848
- Tax, wage and social debts -€2,292
down €2,292 (-23.3%), from €9,852 to €7,560
of which Taxes: -€1,317
- Gross operating margin -€32,539
down €32,539 (-27.6%), from €117,849 to €85,310
- Staff costs -€21,249
down €21,249 (-27.1%), from €78,307 to €57,058
- Other operating charges -€11,501
down €11,501 (-86.0%), from €13,372 to €1,872
- Financial charges +€6,475
up €6,475 (+741%), from €874 to €7,349
of which Financial charges: +€4,908
- Depreciation -€4,888
down €4,888 (-20.9%), from €23,355 to €18,467
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 | €167,914 | €206,178 | +€38,264 | +22.8% |
| Fixed assets | 21/28 | €114,031 | €121,249 | +€7,218 | +6.3% |
| Tangible fixed assets | 22/27 | €114,031 | €121,249 | +€7,218 | +6.3% |
| Land and buildings | 22 | €97,249 | €110,650 | +€13,401 | +13.8% |
| Plant, machinery and equipment | 23 | €3,782 | €1,292 | -€2,490 | -65.8% |
| Furniture and vehicles | 24 | €13,000 | €9,307 | -€3,693 | -28.4% |
| Current assets | 29/58 | €53,882 | €84,928 | +€31,046 | +57.6% |
| Stocks and contracts in progress | 3 | €668 | - | -€668 | |
| Stocks | 30/36 | €668 | - | -€668 | |
| Amounts receivable within one year | 40/41 | €653 | €4,378 | +€3,725 | +571% |
| Trade receivables | 40 | - | €4,378 | +€4,378 | |
| Other amounts receivable | 41 | €653 | - | -€653 | |
| Cash at bank and in hand | 54/58 | €47,615 | €64,960 | +€17,345 | +36.4% |
| Deferred charges and accrued income | 490/1 | €4,947 | €15,590 | +€10,643 | +215% |
| Total equity and liabilities | 10/49 | €167,914 | €206,178 | +€38,264 | +22.8% |
| Equity | 10/15 | €66,514 | €67,061 | +€546 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,314 | €60,861 | +€546 | +0.9% |
| Amounts payable | 17/49 | €101,399 | €139,117 | +€37,718 | +37.2% |
| Amounts payable after more than one year | 17 | €58,372 | €58,663 | +€291 | +0.5% |
| Financial debts | 170/4 | €58,372 | €58,663 | +€291 | +0.5% |
| Amounts payable within one year | 42/48 | €43,028 | €80,454 | +€37,427 | +87.0% |
| Current portion of amounts payable after more than one year | 42 | €7,268 | €9,848 | +€2,579 | +35.5% |
| Trade debts | 44 | €4,523 | €3,480 | -€1,043 | -23.1% |
| Suppliers | 440/4 | €4,523 | €3,480 | -€1,043 | -23.1% |
| Taxes, remuneration and social security | 45 | €9,852 | €7,560 | -€2,292 | -23.3% |
| Taxes | 450/3 | €5,972 | €4,655 | -€1,317 | -22.0% |
| Remuneration and social security | 454/9 | €3,880 | €2,905 | -€975 | -25.1% |
| Other amounts payable | 47/48 | €21,385 | €59,567 | +€38,182 | +179% |
| Remuneration, social security and pensions | 62 | €78,307 | €57,058 | -€21,249 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,355 | €18,467 | -€4,888 | -20.9% |
| Other operating charges | 640/8 | €13,372 | €1,872 | -€11,501 | -86.0% |
| Gross operating margin | 9900 | €117,849 | €85,310 | -€32,539 | -27.6% |
| Operating profit (loss) | 9901 | €2,814 | €7,914 | +€5,099 | +181% |
| Financial income | 75/76B | - | €4,088 | +€4,088 | |
| Recurring financial income | 75 | - | €4,088 | +€4,088 | |
| Non-recurring financial income | 76B | - | €4,088 | +€4,088 | |
| Financial charges | 65/66B | €874 | €7,349 | +€6,475 | +741% |
| Recurring financial charges | 65 | €874 | €5,782 | +€4,908 | +562% |
| Non-recurring financial charges | 66B | - | €1,567 | +€1,567 | |
| Profit (loss) for the period before taxes | 9903 | €1,941 | €4,653 | +€2,712 | +140% |
| Income taxes | 67/77 | €6,244 | €4,107 | -€2,137 | -34.2% |
| Profit (loss) for the period | 9904 | -€4,303 | €546 | +€4,850 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,303 | €546 | +€4,850 |
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 25 October 2026 via checked.be.