WERCHTER PARK: what changed
What changed
WERCHTER PARK
NACE 77.399, Renting and leasing of other machinery, equipment and tangible goods
filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €846,063+€683,066
Equity
€7.4m
2024 · €5.9m+€1.5m
Cash
€306,214
2024 · €379,774-€73,560
Balance sheet total
€7.4m
2024 · €8.2m-€758,210
Largest movements
Assets
- Tangible fixed assets -€674,261
down €674,261 (-8.7%), from €7.7m to €7.1m
of which Land and buildings: -€638,943
Equity and liabilities
- Current portion of long-term debt -€1.7m
down €1.7m (-100%), from €1.7m to €0
- Profit (loss) carried forward +€1.5m
up €1.5m (+31.1%), from €4.9m to €6.5m
- Debts after one year -€503,541
down €503,541 (-100%), from €503,541 to €0
Income statement
- Gross operating margin +€770,249
up €770,249 (+38.5%), from €2.0m to €2.8m
- Taxes +€230,991
up €230,991 (+83.8%), from €275,701 to €506,692
- Financial charges -€118,036
down €118,036 (-66.7%), from €176,881 to €58,845
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€846,063
Gross operating margin
+€770,249
Depreciation
+€25,807
Other operating charges
-€35
Financial charges
+€118,036
Taxes
-€230,991
Result 2025
€1.5m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.1m
Investment
€0
Financing
-€2.2m
Cash 2024
€379,774
From operations (derived)
+€2.1m
Net result for the year
+€1.5m
Depreciation
+€674,261
Receivables within one year
+€9,646
Smaller working-capital items
+€1,526
Tax, wage and social debts
-€49,038
Accrued charges and deferred income
-€45,902
Financing
-€2.2m
Debts after one year
-€503,541
Current portion of long-term debt
-€1.7m
Cash 2025
€306,214
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,155,153 | €7,396,942 | -€758,210 | -9.3% |
| Fixed assets | 21/28 | €7,749,091 | €7,074,830 | -€674,261 | -8.7% |
| Tangible fixed assets | 22/27 | €7,749,091 | €7,074,830 | -€674,261 | -8.7% |
| Land and buildings | 22 | €7,707,432 | €7,068,489 | -€638,943 | -8.3% |
| Plant, machinery and equipment | 23 | €38,019 | €3,511 | -€34,508 | -90.8% |
| Furniture and vehicles | 24 | €3,640 | €2,830 | -€810 | -22.2% |
| Current assets | 29/58 | €406,062 | €322,112 | -€83,950 | -20.7% |
| Amounts receivable within one year | 40/41 | €24,524 | €14,877 | -€9,646 | -39.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €24,524 | €14,877 | -€9,646 | -39.3% |
| Cash at bank and in hand | 54/58 | €379,774 | €306,214 | -€73,560 | -19.4% |
| Deferred charges and accrued income | 490/1 | €1,764 | €1,021 | -€743 | -42.1% |
| Total equity and liabilities | 10/49 | €8,155,153 | €7,396,942 | -€758,210 | -9.3% |
| Equity | 10/15 | €5,864,129 | €7,393,258 | +€1.5m | +26.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €923,360 | €923,360 | = | 0.0% |
| Distributable reserves | 133 | €923,360 | €923,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,922,169 | €6,451,298 | +€1.5m | +31.1% |
| Amounts payable | 17/49 | €2,291,023 | €3,684 | -€2.3m | -99.8% |
| Amounts payable after more than one year | 17 | €503,541 | €0 | -€503,541 | -100% |
| Financial debts | 170/4 | €503,541 | €0 | -€503,541 | -100% |
| Amounts payable within one year | 42/48 | €1,741,581 | €3,684 | -€1.7m | -99.8% |
| Current portion of amounts payable after more than one year | 42 | €1,689,642 | €0 | -€1.7m | -100% |
| Trade debts | 44 | €207 | €990 | +€783 | +379% |
| Suppliers | 440/4 | €207 | €990 | +€783 | +379% |
| Taxes, remuneration and social security | 45 | €51,732 | €2,694 | -€49,038 | -94.8% |
| Taxes | 450/3 | €51,732 | €2,694 | -€49,038 | -94.8% |
| Accrued charges and deferred income | 492/3 | €45,902 | €0 | -€45,902 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €700,068 | €674,261 | -€25,807 | -3.7% |
| Other operating charges | 640/8 | €3,426 | €3,461 | +€35 | +1.0% |
| Gross operating margin | 9900 | €2,002,139 | €2,772,387 | +€770,249 | +38.5% |
| Operating profit (loss) | 9901 | €1,298,645 | €2,094,666 | +€796,021 | +61.3% |
| Financial charges | 65/66B | €176,881 | €58,845 | -€118,036 | -66.7% |
| Recurring financial charges | 65 | €176,881 | €58,845 | -€118,036 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €1,121,763 | €2,035,820 | +€914,057 | +81.5% |
| Income taxes | 67/77 | €275,701 | €506,692 | +€230,991 | +83.8% |
| Profit (loss) for the period | 9904 | €846,063 | €1,529,129 | +€683,066 | +80.7% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €846,063 | €1,529,129 | +€683,066 | +80.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.