WER: 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.
WER
Largest movements
- Tangible fixed assets -€9,067
down €9,067 (-2.9%), from €317,470 to €308,403
- Other debts +€12,694
new in 2025: €12,694
- Profit (loss) carried forward -€12,245
down €12,245 (-24.1%), from -€50,776 to -€63,020
- Accrued charges and deferred income -€9,071
down €9,071 (-100.0%), from €9,071 to €0
- Debts after one year -€6,776
down €6,776 (-3.3%), from €208,431 to €201,655
of which Financial debts: -€6,776
- Trade debts +€5,791
up €5,791 (+1772.6%), from €327 to €6,118
- Gross operating margin -€1,013
down €1,013 (-10.6%), from €9,547 to €8,535
- Other operating charges +€649
up €649 (+15.3%), from €4,233 to €4,882
- Financial charges -€231
down €231 (-3.3%), from €7,092 to €6,861
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 | €333,617 | €324,333 | -€9,283 | -2.8% |
| Fixed assets | 21/28 | €317,470 | €308,403 | -€9,067 | -2.9% |
| Tangible fixed assets | 22/27 | €317,470 | €308,403 | -€9,067 | -2.9% |
| Land and buildings | 22 | €317,470 | €308,403 | -€9,067 | -2.9% |
| Current assets | 29/58 | €16,147 | €15,930 | -€217 | -1.3% |
| Amounts receivable within one year | 40/41 | €1,169 | €3,931 | +€2,762 | +236.4% |
| Trade receivables | 40 | €526 | €3,095 | +€2,568 | +487.9% |
| Other amounts receivable | 41 | €642 | €837 | +€194 | +30.2% |
| Cash at bank and in hand | 54/58 | €14,978 | €11,999 | -€2,979 | -19.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €333,617 | €324,333 | -€9,283 | -2.8% |
| Equity | 10/15 | €109,224 | €96,980 | -€12,245 | -11.2% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,776 | -€63,020 | -€12,245 | -24.1% |
| Amounts payable | 17/49 | €224,392 | €227,354 | +€2,961 | +1.3% |
| Amounts payable after more than one year | 17 | €208,431 | €201,655 | -€6,776 | -3.3% |
| Financial debts | 170/4 | €208,431 | €201,655 | -€6,776 | -3.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €6,890 | €25,699 | +€18,809 | +273.0% |
| Current portion of amounts payable after more than one year | 42 | €6,563 | €6,776 | +€213 | +3.2% |
| Trade debts | 44 | €327 | €6,118 | +€5,791 | +1772.6% |
| Suppliers | 440/4 | €327 | €6,118 | +€5,791 | +1772.6% |
| Taxes, remuneration and social security | 45 | €0 | €111 | +€111 | |
| Taxes | 450/3 | €0 | €111 | +€111 | |
| Other amounts payable | 47/48 | - | €12,694 | +€12,694 | |
| Accrued charges and deferred income | 492/3 | €9,071 | €0 | -€9,071 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,067 | €9,067 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,233 | €4,882 | +€649 | +15.3% |
| Gross operating margin | 9900 | €9,547 | €8,535 | -€1,013 | -10.6% |
| Operating profit (loss) | 9901 | -€3,752 | -€5,414 | -€1,662 | -44.3% |
| Financial income | 75/76B | €18 | €30 | +€12 | +64.8% |
| Recurring financial income | 75 | €18 | €30 | +€12 | +64.8% |
| Financial charges | 65/66B | €7,092 | €6,861 | -€231 | -3.3% |
| Recurring financial charges | 65 | €7,092 | €6,861 | -€231 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,826 | -€12,245 | -€1,419 | -13.1% |
| Profit (loss) for the period | 9904 | -€10,826 | -€12,245 | -€1,419 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,826 | -€12,245 | -€1,419 | -13.1% |
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 2 October 2026 via checked.be.