WERCO CORTHOUTS 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.
WERCO CORTHOUTS WERNER
Largest movements
- Cash +€19,198
up €19,198 (+329%), from €5,836 to €25,034
mainly Net result for the year (+€18,969) and Trade debts (+€5,480)
- Tangible fixed assets +€11,265
new in 2025: €11,265
- Receivables within one year -€3,372
down €3,372 (-18.2%), from €18,484 to €15,112
of which Trade receivables: -€4,634
- Deferred charges and accrued income +€1,458
up €1,458 (+126%), from €1,159 to €2,618
- Reserves +€18,969
up €18,969 (+113%), from €16,745 to €35,714
- Trade debts +€5,480
up €5,480 (+108%), from €5,088 to €10,568
- Tax, wage and social debts +€2,799
up €2,799 (+62.2%), from €4,496 to €7,295
- Other debts +€682
new in 2025: €682
- Gross operating margin +€12,563
up €12,563 (+78.9%), from €15,920 to €28,483
- Taxes +€2,813
up €2,813 (+62.6%), from €4,496 to €7,309
- Depreciation +€954
new in 2025: €954
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 | €29,329 | €57,606 | +€28,277 | +96.4% |
| Fixed assets | 21/28 | €1,200 | €12,465 | +€11,265 | +939% |
| Tangible fixed assets | 22/27 | - | €11,265 | +€11,265 | |
| Furniture and vehicles | 24 | - | €11,265 | +€11,265 | |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €28,129 | €45,141 | +€17,012 | +60.5% |
| Stocks and contracts in progress | 3 | €2,650 | €2,377 | -€273 | -10.3% |
| Stocks | 30/36 | €2,650 | €2,377 | -€273 | -10.3% |
| Amounts receivable within one year | 40/41 | €18,484 | €15,112 | -€3,372 | -18.2% |
| Trade receivables | 40 | €15,208 | €10,573 | -€4,634 | -30.5% |
| Other amounts receivable | 41 | €3,276 | €4,539 | +€1,263 | +38.5% |
| Cash at bank and in hand | 54/58 | €5,836 | €25,034 | +€19,198 | +329% |
| Deferred charges and accrued income | 490/1 | €1,159 | €2,618 | +€1,458 | +126% |
| Total equity and liabilities | 10/49 | €29,329 | €57,606 | +€28,277 | +96.4% |
| Equity | 10/15 | €19,745 | €38,714 | +€18,969 | +96.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,745 | €35,714 | +€18,969 | +113% |
| Distributable reserves | 133 | €16,745 | €35,714 | +€18,969 | +113% |
| Amounts payable | 17/49 | €9,584 | €18,892 | +€9,308 | +97.1% |
| Amounts payable within one year | 42/48 | €9,584 | €18,892 | +€9,308 | +97.1% |
| Financial debts | 43 | - | €347 | +€347 | |
| Credit institutions | 430/8 | - | €347 | +€347 | |
| Trade debts | 44 | €5,088 | €10,568 | +€5,480 | +108% |
| Suppliers | 440/4 | €5,088 | €10,568 | +€5,480 | +108% |
| Taxes, remuneration and social security | 45 | €4,496 | €7,295 | +€2,799 | +62.2% |
| Taxes | 450/3 | €4,496 | €7,295 | +€2,799 | +62.2% |
| Other amounts payable | 47/48 | - | €682 | +€682 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €954 | +€954 | |
| Other operating charges | 640/8 | €808 | €1,025 | +€216 | +26.7% |
| Gross operating margin | 9900 | €15,920 | €28,483 | +€12,563 | +78.9% |
| Operating profit (loss) | 9901 | €15,111 | €26,504 | +€11,393 | +75.4% |
| Financial income | 75/76B | €64 | €153 | +€88 | +137% |
| Recurring financial income | 75 | €64 | €153 | +€88 | +137% |
| Financial charges | 65/66B | €127 | €378 | +€251 | +197% |
| Recurring financial charges | 65 | €127 | €378 | +€251 | +197% |
| Profit (loss) for the period before taxes | 9903 | €15,048 | €26,278 | +€11,230 | +74.6% |
| Income taxes | 67/77 | €4,496 | €7,309 | +€2,813 | +62.6% |
| Profit (loss) for the period | 9904 | €10,552 | €18,969 | +€8,417 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,552 | €18,969 | +€8,417 | +79.8% |
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 31 October 2026 via checked.be.