werecircle: 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.
werecircle
Largest movements
- Cash -€37,894
down €37,894 (-23.7%), from €159,770 to €121,876
mainly Trade debts (-€147,193) and Receivables within one year (-€1,685)
- Trade debts -€147,193
down €147,193 (-99.7%), from €147,682 to €489
- Accrued charges and deferred income +€85,000
new in 2025: €85,000
- Reserves +€19,841
up €19,841 (+60.5%), from €32,776 to €52,617
- Tax, wage and social debts +€6,143
up €6,143 (+20.9%), from €29,432 to €35,575
of which Remuneration and social security: +€3,376
- Staff costs +€51,011
up €51,011 (+61.9%), from €82,405 to €133,416
- Gross operating margin +€44,338
up €44,338 (+37.2%), from €119,044 to €163,382
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 | €217,890 | €181,681 | -€36,209 | -16.6% |
| Current assets | 29/58 | €217,890 | €181,681 | -€36,209 | -16.6% |
| Amounts receivable within one year | 40/41 | €58,120 | €59,805 | +€1,685 | +2.9% |
| Trade receivables | 40 | €12,985 | €59,805 | +€46,820 | +361% |
| Other amounts receivable | 41 | €45,135 | - | -€45,135 | |
| Cash at bank and in hand | 54/58 | €159,770 | €121,876 | -€37,894 | -23.7% |
| Total equity and liabilities | 10/49 | €217,890 | €181,681 | -€36,209 | -16.6% |
| Equity | 10/15 | €40,776 | €60,617 | +€19,841 | +48.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €32,776 | €52,617 | +€19,841 | +60.5% |
| Distributable reserves | 133 | €32,776 | €52,617 | +€19,841 | +60.5% |
| Amounts payable | 17/49 | €177,114 | €121,064 | -€56,050 | -31.6% |
| Amounts payable within one year | 42/48 | €177,114 | €36,064 | -€141,050 | -79.6% |
| Trade debts | 44 | €147,682 | €489 | -€147,193 | -99.7% |
| Suppliers | 440/4 | €147,682 | €489 | -€147,193 | -99.7% |
| Taxes, remuneration and social security | 45 | €29,432 | €35,575 | +€6,143 | +20.9% |
| Taxes | 450/3 | €14,516 | €17,283 | +€2,767 | +19.1% |
| Remuneration and social security | 454/9 | €14,916 | €18,292 | +€3,376 | +22.6% |
| Accrued charges and deferred income | 492/3 | - | €85,000 | +€85,000 | |
| Remuneration, social security and pensions | 62 | €82,405 | €133,416 | +€51,011 | +61.9% |
| Other operating charges | 640/8 | €387 | €892 | +€505 | +130% |
| Gross operating margin | 9900 | €119,044 | €163,382 | +€44,338 | +37.2% |
| Operating profit (loss) | 9901 | €36,252 | €29,074 | -€7,178 | -19.8% |
| Financial charges | 65/66B | €139 | €72 | -€67 | -48.2% |
| Recurring financial charges | 65 | €139 | €72 | -€67 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €36,113 | €29,002 | -€7,111 | -19.7% |
| Income taxes | 67/77 | €10,588 | €9,161 | -€1,427 | -13.5% |
| Profit (loss) for the period | 9904 | €25,525 | €19,841 | -€5,684 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,525 | €19,841 | -€5,684 | -22.3% |
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 24 October 2026 via checked.be.