WAUTERS WERNER: 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.
WAUTERS WERNER
Largest movements
- Cash +€43,246
up €43,246 (+64.9%), from €66,677 to €109,924
mainly Investment in fixed assets (net) (+€24,886) and Depreciation (+€11,932)
- Tangible fixed assets -€36,817
down €36,817 (-47.6%), from €77,367 to €40,549
of which Furniture and vehicles: -€36,534
- Receivables within one year -€10,461
down €10,461 (-53.2%), from €19,658 to €9,197
of which Trade receivables: -€8,598
- Debts after one year -€10,720
no longer reported in 2025 (was €10,720)
- Reserves +€10,626
up €10,626 (+8.3%), from €127,747 to €138,373
- Current portion of long-term debt -€3,573
down €3,573 (-25.0%), from €14,293 to €10,720
- Depreciation -€12,382
down €12,382 (-50.9%), from €24,314 to €11,932
- Gross operating margin -€7,602
down €7,602 (-20.8%), from €36,604 to €29,002
- Taxes +€904
up €904 (+23.4%), from €3,854 to €4,757
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 | €174,913 | €170,088 | -€4,826 | -2.8% |
| Fixed assets | 21/28 | €77,602 | €40,784 | -€36,817 | -47.4% |
| Tangible fixed assets | 22/27 | €77,367 | €40,549 | -€36,817 | -47.6% |
| Land and buildings | 22 | €4,783 | €4,251 | -€531 | -11.1% |
| Plant, machinery and equipment | 23 | €2,436 | €2,757 | +€320 | +13.1% |
| Furniture and vehicles | 24 | €70,004 | €33,470 | -€36,534 | -52.2% |
| Other tangible fixed assets | 26 | €144 | €72 | -€72 | -50.0% |
| Financial fixed assets | 28 | €235 | €235 | = | 0.0% |
| Current assets | 29/58 | €97,312 | €129,303 | +€31,992 | +32.9% |
| Stocks and contracts in progress | 3 | €5,996 | €6,503 | +€507 | +8.4% |
| Stocks | 30/36 | €5,996 | €6,503 | +€507 | +8.4% |
| Amounts receivable within one year | 40/41 | €19,658 | €9,197 | -€10,461 | -53.2% |
| Trade receivables | 40 | €17,795 | €9,197 | -€8,598 | -48.3% |
| Other amounts receivable | 41 | €1,863 | - | -€1,863 | |
| Cash at bank and in hand | 54/58 | €66,677 | €109,924 | +€43,246 | +64.9% |
| Deferred charges and accrued income | 490/1 | €4,980 | €3,680 | -€1,300 | -26.1% |
| Total equity and liabilities | 10/49 | €174,913 | €170,088 | -€4,826 | -2.8% |
| Equity | 10/15 | €140,147 | €150,773 | +€10,626 | +7.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €127,747 | €138,373 | +€10,626 | +8.3% |
| Distributable reserves | 133 | €127,747 | €138,373 | +€10,626 | +8.3% |
| Amounts payable | 17/49 | €34,766 | €19,314 | -€15,452 | -44.4% |
| Amounts payable after more than one year | 17 | €10,720 | - | -€10,720 | |
| Financial debts | 170/4 | €10,720 | - | -€10,720 | |
| Amounts payable within one year | 42/48 | €24,047 | €19,314 | -€4,732 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €14,293 | €10,720 | -€3,573 | -25.0% |
| Trade debts | 44 | €5,900 | €4,198 | -€1,702 | -28.8% |
| Suppliers | 440/4 | €5,900 | €4,198 | -€1,702 | -28.8% |
| Taxes, remuneration and social security | 45 | €3,854 | €4,397 | +€543 | +14.1% |
| Taxes | 450/3 | €3,854 | €4,397 | +€543 | +14.1% |
| Non-recurring operating income | 76A | €4,132 | €3,023 | -€1,109 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,314 | €11,932 | -€12,382 | -50.9% |
| Other operating charges | 640/8 | €952 | €1,078 | +€125 | +13.2% |
| Non-recurring operating charges | 66A | - | €692 | +€692 | |
| Gross operating margin | 9900 | €36,604 | €29,002 | -€7,602 | -20.8% |
| Operating profit (loss) | 9901 | €11,338 | €15,301 | +€3,963 | +35.0% |
| Financial income | 75/76B | €377 | €286 | -€90 | -24.0% |
| Recurring financial income | 75 | €377 | €286 | -€90 | -24.0% |
| Financial charges | 65/66B | €320 | €204 | -€116 | -36.2% |
| Recurring financial charges | 65 | €320 | €204 | -€116 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €11,395 | €15,383 | +€3,989 | +35.0% |
| Income taxes | 67/77 | €3,854 | €4,757 | +€904 | +23.4% |
| Profit (loss) for the period | 9904 | €7,541 | €10,626 | +€3,085 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,541 | €10,626 | +€3,085 | +40.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.