WEREC FINANCE: what changed
What changed
WEREC FINANCE
filed annual accounts (NBB)
Net result for the year
€213,192
2024 · €150,816+€62,376
Equity
€17.6m
2024 · €17.4m+€213,192
Cash
€243,024
2024 · €154,798+€88,225
Balance sheet total
€21.5m
2024 · €17.5m+€4.0m
Largest movements
Assets
- Financial fixed assets +€5.1m
up €5.1m (+329%), from €1.5m to €6.6m
- Receivables within one year -€5.0m
down €5.0m (-93.3%), from €5.3m to €356,092
- Current investments +€3.8m
up €3.8m (+35.7%), from €10.5m to €14.3m
Equity and liabilities
- Debts after one year +€3.4m
new in 2025: €3.4m
- Tax, wage and social debts +€252,252
up €252,252 (+677%), from €37,255 to €289,508
Income statement
- Financial income +€1.2m
up €1.2m (+343%), from €362,048 to €1.6m
- Financial charges +€811,596
up €811,596 (+1,313%), from €61,820 to €873,416
- Taxes +€249,294
up €249,294 (+329%), from €75,880 to €325,173
- Other operating charges +€114,919
up €114,919 (+224%), from €51,297 to €166,216
- Gross operating margin -€1,832
down €1,832 (-8.2%), from -€22,236 to -€24,068
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
€150,816
Gross operating margin
-€1,832
Other operating charges
-€114,919
Financial income
+€1.2m
Financial charges
-€811,596
Taxes
-€249,294
Result 2025
€213,192
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
+€5.5m
Investment
-€8.8m
Financing
+€3.4m
Cash 2024
€154,798
From operations (derived)
+€5.5m
Net result for the year
+€213,192
Receivables within one year
+€5.0m
Smaller working-capital items
+€12,463
Tax, wage and social debts
+€252,252
Other debts
+€51,713
Investment (derived)
-€8.8m
Investment in fixed assets (net)
-€5.1m
Current investments
-€3.8m
Financing
+€3.4m
Debts after one year
+€3.4m
Cash 2025
€243,024
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,546,385 | €21,507,191 | +€4.0m | +22.6% |
| Fixed assets | 21/28 | €1,543,474 | €6,626,789 | +€5.1m | +329% |
| Financial fixed assets | 28 | €1,543,474 | €6,626,789 | +€5.1m | +329% |
| Current assets | 29/58 | €16,002,910 | €14,880,402 | -€1.1m | -7.0% |
| Amounts receivable within one year | 40/41 | €5,320,900 | €356,092 | -€5.0m | -93.3% |
| Other amounts receivable | 41 | €5,320,900 | €356,092 | -€5.0m | -93.3% |
| Current investments | 50/53 | €10,526,378 | €14,281,286 | +€3.8m | +35.7% |
| Cash at bank and in hand | 54/58 | €154,798 | €243,024 | +€88,225 | +57.0% |
| Deferred charges and accrued income | 490/1 | €833 | - | -€833 | |
| Total equity and liabilities | 10/49 | €17,546,385 | €21,507,191 | +€4.0m | +22.6% |
| Equity | 10/15 | €17,435,204 | €17,648,396 | +€213,192 | +1.2% |
| Contributions | 10/11 | €16,944,710 | €16,944,710 | = | 0.0% |
| Capital | 10 | €16,944,710 | €16,944,710 | = | 0.0% |
| Issued capital | 100 | €16,944,710 | €16,944,710 | = | 0.0% |
| Reserves | 13 | €490,494 | €703,686 | +€213,192 | +43.5% |
| Non-distributable reserves | 130/1 | €347,219 | €357,879 | +€10,660 | +3.1% |
| Legal reserve | 130 | €347,219 | €357,879 | +€10,660 | +3.1% |
| Distributable reserves | 133 | €143,275 | €345,807 | +€202,532 | +141% |
| Amounts payable | 17/49 | €111,181 | €3,858,796 | +€3.7m | +3,371% |
| Amounts payable after more than one year | 17 | - | €3,432,019 | +€3.4m | |
| Financial debts | 170/4 | - | €3,432,019 | +€3.4m | |
| Amounts payable within one year | 42/48 | €106,174 | €409,916 | +€303,742 | +286% |
| Trade debts | 44 | €8,894 | €8,670 | -€224 | -2.5% |
| Suppliers | 440/4 | €8,894 | €8,670 | -€224 | -2.5% |
| Taxes, remuneration and social security | 45 | €37,255 | €289,508 | +€252,252 | +677% |
| Taxes | 450/3 | €37,255 | €289,508 | +€252,252 | +677% |
| Other amounts payable | 47/48 | €60,025 | €111,738 | +€51,713 | +86.2% |
| Accrued charges and deferred income | 492/3 | €5,006 | €16,860 | +€11,854 | +237% |
| Other operating charges | 640/8 | €51,297 | €166,216 | +€114,919 | +224% |
| Gross operating margin | 9900 | -€22,236 | -€24,068 | -€1,832 | -8.2% |
| Operating profit (loss) | 9901 | -€73,533 | -€190,284 | -€116,751 | -159% |
| Financial income | 75/76B | €362,048 | €1,602,064 | +€1.2m | +343% |
| Recurring financial income | 75 | €362,048 | €1,602,064 | +€1.2m | +343% |
| Financial charges | 65/66B | €61,820 | €873,416 | +€811,596 | +1,313% |
| Recurring financial charges | 65 | €61,820 | €873,416 | +€811,596 | +1,313% |
| Profit (loss) for the period before taxes | 9903 | €226,695 | €538,365 | +€311,670 | +137% |
| Income taxes | 67/77 | €75,880 | €325,173 | +€249,294 | +329% |
| Profit (loss) for the period | 9904 | €150,816 | €213,192 | +€62,376 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €150,816 | €213,192 | +€62,376 | +41.4% |
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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 3 November 2026 via checked.be.