WERELDBEELD: what changed
Two fiscal 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.
WERELDBEELD
Largest movements
- Cash +€36,306
up €36,306 (+25.7%), from €141,064 to €177,370
mainly Net result for the year (+€26,795) and Depreciation (+€6,580)
- Tangible fixed assets -€6,580
down €6,580 (-26.7%), from €24,613 to €18,033
- Stocks and contracts -€3,161
down €3,161 (-9.2%), from €34,303 to €31,141
- Receivables within one year +€2,885
up €2,885 (+16.7%), from €17,287 to €20,173
of which Trade receivables: +€20,130
- Reserves +€26,795
up €26,795 (+18.9%), from €142,095 to €168,890
- Contributions -€5,000
down €5,000 (-8.3%), from €60,000 to €55,000
- Other debts +€3,420
new in 2025: €3,420
- Trade debts +€2,741
up €2,741 (+44.9%), from €6,105 to €8,845
- Gross operating margin -€3,735
down €3,735 (-6.2%), from €59,910 to €56,174
- Financial charges -€1,628
down €1,628 (-22.8%), from €7,144 to €5,516
- Financial income +€1,096
up €1,096 (+430.1%), from €255 to €1,351
of which Financial income: +€1,140
- Other operating charges +€918
up €918 (+28.8%), from €3,184 to €4,102
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.
Cash bridge derived
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 | €219,355 | €248,805 | +€29,450 | +13.4% |
| Fixed assets | 21/28 | €24,974 | €18,394 | -€6,580 | -26.3% |
| Tangible fixed assets | 22/27 | €24,613 | €18,033 | -€6,580 | -26.7% |
| Land and buildings | 22 | €5,850 | €4,388 | -€1,463 | -25.0% |
| Plant, machinery and equipment | 23 | €7,994 | €5,130 | -€2,864 | -35.8% |
| Furniture and vehicles | 24 | - | €0 | +€0 | |
| Other tangible fixed assets | 26 | €10,769 | €8,516 | -€2,253 | -20.9% |
| Financial fixed assets | 28 | €361 | €361 | = | 0.0% |
| Current assets | 29/58 | €194,381 | €230,411 | +€36,030 | +18.5% |
| Stocks and contracts in progress | 3 | €34,303 | €31,141 | -€3,161 | -9.2% |
| Stocks | 30/36 | €34,303 | €31,141 | -€3,161 | -9.2% |
| Amounts receivable within one year | 40/41 | €17,287 | €20,173 | +€2,885 | +16.7% |
| Trade receivables | 40 | - | €20,130 | +€20,130 | |
| Other amounts receivable | 41 | €17,287 | €43 | -€17,245 | -99.8% |
| Cash at bank and in hand | 54/58 | €141,064 | €177,370 | +€36,306 | +25.7% |
| Deferred charges and accrued income | 490/1 | €1,727 | €1,727 | = | 0.0% |
| Total equity and liabilities | 10/49 | €219,355 | €248,805 | +€29,450 | +13.4% |
| Equity | 10/15 | €202,095 | €223,890 | +€21,795 | +10.8% |
| Contributions | 10/11 | €60,000 | €55,000 | -€5,000 | -8.3% |
| Reserves | 13 | €142,095 | €168,890 | +€26,795 | +18.9% |
| Distributable reserves | 133 | €142,095 | €168,890 | +€26,795 | +18.9% |
| Amounts payable | 17/49 | €17,260 | €24,914 | +€7,654 | +44.3% |
| Amounts payable within one year | 42/48 | €16,673 | €24,914 | +€8,241 | +49.4% |
| Trade debts | 44 | €6,105 | €8,845 | +€2,741 | +44.9% |
| Suppliers | 440/4 | €6,105 | €8,845 | +€2,741 | +44.9% |
| Advances received on contracts in progress | 46 | €200 | €2,617 | +€2,417 | +1208.5% |
| Taxes, remuneration and social security | 45 | €10,368 | €10,032 | -€337 | -3.2% |
| Taxes | 450/3 | €10,368 | €10,032 | -€337 | -3.2% |
| Other amounts payable | 47/48 | - | €3,420 | +€3,420 | |
| Accrued charges and deferred income | 492/3 | €587 | - | -€587 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,584 | €6,580 | -€4 | -0.1% |
| Other operating charges | 640/8 | €3,184 | €4,102 | +€918 | +28.8% |
| Non-recurring operating charges | 66A | -€510 | - | +€510 | |
| Gross operating margin | 9900 | €59,910 | €56,174 | -€3,735 | -6.2% |
| Operating profit (loss) | 9901 | €50,651 | €45,493 | -€5,159 | -10.2% |
| Financial income | 75/76B | €255 | €1,351 | +€1,096 | +430.1% |
| Recurring financial income | 75 | €211 | €1,351 | +€1,140 | +540.3% |
| Non-recurring financial income | 76B | €44 | - | -€44 | |
| Financial charges | 65/66B | €7,144 | €5,516 | -€1,628 | -22.8% |
| Recurring financial charges | 65 | €7,144 | €5,516 | -€1,628 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €43,763 | €41,327 | -€2,435 | -5.6% |
| Income taxes | 67/77 | €14,731 | €14,532 | -€199 | -1.4% |
| Profit (loss) for the period | 9904 | €29,031 | €26,795 | -€2,236 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,031 | €26,795 | -€2,236 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.