Webar: 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.
Webar
Largest movements
- Tangible fixed assets +€101,713
up €101,713 (+8.2%), from €1.2m to €1.3m
of which Plant, machinery and equipment: +€101,713
- Reserves +€87,090
up €87,090 (+12.9%), from €675,746 to €762,836
of which Distributable reserves: +€87,090
- Other debts +€47,339
up €47,339 (+19.2%), from €246,419 to €293,758
- Gross operating margin +€6,992
up €6,992 (+5.0%), from €138,762 to €145,753
- Depreciation +€6,721
up €6,721 (+160.1%), from €4,198 to €10,919
- Financial charges -€1,813
down €1,813 (-9.4%), from €19,321 to €17,508
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 | €1,276,651 | €1,400,991 | +€124,340 | +9.7% |
| Fixed assets | 21/28 | €1,235,059 | €1,336,773 | +€101,713 | +8.2% |
| Tangible fixed assets | 22/27 | €1,235,059 | €1,336,773 | +€101,713 | +8.2% |
| Land and buildings | 22 | €1,179,223 | €1,179,223 | = | 0.0% |
| Plant, machinery and equipment | 23 | €55,836 | €157,550 | +€101,713 | +182.2% |
| Current assets | 29/58 | €41,591 | €64,218 | +€22,627 | +54.4% |
| Amounts receivable within one year | 40/41 | €19,399 | €29,747 | +€10,348 | +53.3% |
| Trade receivables | 40 | €0 | €1,295 | +€1,295 | |
| Other amounts receivable | 41 | €19,399 | €28,452 | +€9,053 | +46.7% |
| Cash at bank and in hand | 54/58 | €22,192 | €34,323 | +€12,131 | +54.7% |
| Deferred charges and accrued income | 490/1 | - | €148 | +€148 | |
| Total equity and liabilities | 10/49 | €1,276,651 | €1,400,991 | +€124,340 | +9.7% |
| Equity | 10/15 | €799,693 | €886,783 | +€87,090 | +10.9% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €675,746 | €762,836 | +€87,090 | +12.9% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €396,069 | €396,069 | = | 0.0% |
| Distributable reserves | 133 | €267,283 | €354,373 | +€87,090 | +32.6% |
| Amounts payable | 17/49 | €476,957 | €514,208 | +€37,250 | +7.8% |
| Amounts payable after more than one year | 17 | €169,933 | €158,783 | -€11,150 | -6.6% |
| Financial debts | 170/4 | €169,933 | €158,783 | -€11,150 | -6.6% |
| Amounts payable within one year | 42/48 | €265,771 | €313,220 | +€47,449 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €10,711 | €11,150 | +€439 | +4.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,968 | €0 | -€1,968 | -100.0% |
| Suppliers | 440/4 | €1,968 | €0 | -€1,968 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,674 | €8,312 | +€1,638 | +24.6% |
| Taxes | 450/3 | €6,674 | €8,312 | +€1,638 | +24.6% |
| Other amounts payable | 47/48 | €246,419 | €293,758 | +€47,339 | +19.2% |
| Accrued charges and deferred income | 492/3 | €41,253 | €42,204 | +€951 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,198 | €10,919 | +€6,721 | +160.1% |
| Other operating charges | 640/8 | €1,171 | €1,206 | +€36 | +3.0% |
| Gross operating margin | 9900 | €138,762 | €145,753 | +€6,992 | +5.0% |
| Operating profit (loss) | 9901 | €133,393 | €133,628 | +€235 | +0.2% |
| Financial charges | 65/66B | €19,321 | €17,508 | -€1,813 | -9.4% |
| Recurring financial charges | 65 | €19,321 | €17,508 | -€1,813 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €114,072 | €116,120 | +€2,048 | +1.8% |
| Income taxes | 67/77 | €28,518 | €29,030 | +€512 | +1.8% |
| Profit (loss) for the period | 9904 | €85,554 | €87,090 | +€1,536 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,554 | €87,090 | +€1,536 | +1.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.