WERBROUCK B MD: 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.
WERBROUCK B MD
Largest movements
- Current investments -€277,763
down €277,763 (-54.4%), from €510,613 to €232,850
- Receivables after one year +€195,000
up €195,000 (+433%), from €45,000 to €240,000
- Cash +€46,178
up €46,178 (+174%), from €26,584 to €72,762
mainly Other debts (+€390,633) and Net result for the year (+€315,556)
- Receivables within one year -€9,013
down €9,013 (-3.0%), from €296,172 to €287,159
of which Trade receivables: -€9,013
- Reserves -€453,734
down €453,734 (-68.5%), from €662,120 to €208,386
of which Distributable reserves: -€393,372
- Other debts +€390,633
up €390,633 (+191%), from €204,275 to €594,907
- Tax, wage and social debts +€17,261
up €17,261 (+138%), from €12,501 to €29,762
- Financial income +€13,484
up €13,484 (+102%), from €13,208 to €26,692
- Depreciation -€8,121
down €8,121 (-45.6%), from €17,798 to €9,676
- Taxes +€7,772
up €7,772 (+7.8%), from €99,266 to €107,038
- Financial charges +€5,685
up €5,685 (+77.2%), from €7,359 to €13,044
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 | €898,829 | €854,960 | -€43,869 | -4.9% |
| Fixed assets | 21/28 | €10,538 | €11,818 | +€1,280 | +12.2% |
| Intangible fixed assets | 21 | €5,500 | €0 | -€5,500 | -100% |
| Tangible fixed assets | 22/27 | €5,038 | €11,818 | +€6,780 | +135% |
| Land and buildings | 22 | €1,133 | €850 | -€283 | -25.0% |
| Furniture and vehicles | 24 | €3,904 | €10,968 | +€7,064 | +181% |
| Current assets | 29/58 | €888,292 | €843,142 | -€45,150 | -5.1% |
| Amounts receivable after more than one year | 29 | €45,000 | €240,000 | +€195,000 | +433% |
| Other amounts receivable | 291 | €45,000 | €240,000 | +€195,000 | +433% |
| Amounts receivable within one year | 40/41 | €296,172 | €287,159 | -€9,013 | -3.0% |
| Trade receivables | 40 | €216,172 | €207,159 | -€9,013 | -4.2% |
| Other amounts receivable | 41 | €80,000 | €80,000 | = | 0.0% |
| Current investments | 50/53 | €510,613 | €232,850 | -€277,763 | -54.4% |
| Cash at bank and in hand | 54/58 | €26,584 | €72,762 | +€46,178 | +174% |
| Deferred charges and accrued income | 490/1 | €9,922 | €10,371 | +€449 | +4.5% |
| Total equity and liabilities | 10/49 | €898,829 | €854,960 | -€43,869 | -4.9% |
| Equity | 10/15 | €680,720 | €226,986 | -€453,734 | -66.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €662,120 | €208,386 | -€453,734 | -68.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €246,970 | €186,608 | -€60,362 | -24.4% |
| Distributable reserves | 133 | €413,290 | €19,919 | -€393,372 | -95.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €218,109 | €627,974 | +€409,865 | +188% |
| Amounts payable within one year | 42/48 | €217,552 | €625,312 | +€407,761 | +187% |
| Trade debts | 44 | €776 | €644 | -€133 | -17.1% |
| Suppliers | 440/4 | €776 | €644 | -€133 | -17.1% |
| Taxes, remuneration and social security | 45 | €12,501 | €29,762 | +€17,261 | +138% |
| Taxes | 450/3 | €12,501 | €29,762 | +€17,261 | +138% |
| Other amounts payable | 47/48 | €204,275 | €594,907 | +€390,633 | +191% |
| Accrued charges and deferred income | 492/3 | €557 | €2,661 | +€2,104 | +378% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,798 | €9,676 | -€8,121 | -45.6% |
| Other operating charges | 640/8 | €2,158 | €2,124 | -€33 | -1.6% |
| Gross operating margin | 9900 | €424,752 | €420,747 | -€4,006 | -0.9% |
| Operating profit (loss) | 9901 | €404,797 | €408,946 | +€4,149 | +1.0% |
| Financial income | 75/76B | €13,208 | €26,692 | +€13,484 | +102% |
| Recurring financial income | 75 | €13,208 | €26,692 | +€13,484 | +102% |
| Financial charges | 65/66B | €7,359 | €13,044 | +€5,685 | +77.2% |
| Recurring financial charges | 65 | €7,359 | €13,044 | +€5,685 | +77.2% |
| Profit (loss) for the period before taxes | 9903 | €410,647 | €422,594 | +€11,948 | +2.9% |
| Income taxes | 67/77 | €99,266 | €107,038 | +€7,772 | +7.8% |
| Profit (loss) for the period | 9904 | €311,381 | €315,556 | +€4,175 | +1.3% |
| Transfer from tax-exempt reserves | 789 | €45,313 | €60,362 | +€15,050 | +33.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €356,694 | €375,919 | +€19,225 | +5.4% |
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 18 October 2026 via checked.be.