WERFEN: 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.
What changed
WERFEN
NACE 46.460, Wholesale of pharmaceutical and medical goods
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€374,946
2024 · €966,610-€591,663
Equity
€4.8m
2024 · €4.5m+€374,946
Cash
€84,900
2024 · €288,875-€203,976
Balance sheet total
€8.4m
2024 · €9.1m-€692,149
Largest movements
Assets
- Financial fixed assets -€309,312
down €309,312 (-36.6%), from €845,443 to €536,131
- Cash -€203,976
down €203,976 (-70.6%), from €288,875 to €84,900
mainly Trade debts (-€520,858) and Tax, wage and social debts (-€446,720)
- Tangible fixed assets -€98,180
down €98,180 (-4.7%), from €2.1m to €2.0m
of which Plant, machinery and equipment: -€103,643
Equity and liabilities
- Trade debts -€520,858
down €520,858 (-19.1%), from €2.7m to €2.2m
- Tax, wage and social debts -€446,720
down €446,720 (-29.4%), from €1.5m to €1.1m
of which Remuneration and social security: -€301,678
- Profit (loss) carried forward +€374,946
up €374,946 (+11.5%), from €3.3m to €3.6m
- Provisions -€144,512
down €144,512 (-94.0%), from €153,781 to €9,269
Income statement
- Goods and materials -€1.2m
down €1.2m (-11.1%), from €10.6m to €9.4m
of which Purchases: -€1.1m
- Turnover -€964,950
down €964,950 (-5.3%), from €18.4m to €17.4m
- Services and other goods +€597,818
up €597,818 (+26.3%), from €2.3m to €2.9m
- Financial income -€542,086
down €542,086 (-96.8%), from €560,045 to €17,958
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.
Result 2024
€966,610
Turnover
-€964,950
Other operating income
-€30,684
Goods and materials
+€1.2m
Services and other goods
-€597,818
Staff costs
+€176,502
Depreciation
+€41,946
Write-downs
+€9,219
Provisions
+€145,116
Other operating charges
-€151,509
Financial income
-€542,086
Financial charges
-€4,906
Taxes
+€153,248
Result 2025
€374,946
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.
From operations
+€73,206
Investment
-€277,182
Financing
€0
Cash 2024
€288,875
From operations (derived)
+€73,206
Net result for the year
+€374,946
Depreciation
+€684,792
Stocks and contracts
-€29,168
Receivables within one year
+€85,186
Deferred charges and accrued income
+€24,546
Provisions
-€144,512
Trade debts
-€520,858
Tax, wage and social debts
-€446,720
Accrued charges and deferred income
+€44,993
Investment (derived)
-€277,182
Investment in fixed assets (net)
-€277,182
Cash 2025
€84,900
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,132,814 | €8,440,665 | -€692,149 | -7.6% |
| Fixed assets | 21/28 | €2,946,853 | €2,539,243 | -€407,610 | -13.8% |
| Intangible fixed assets | 21 | €118 | €0 | -€118 | -100.0% |
| Tangible fixed assets | 22/27 | €2,101,292 | €2,003,112 | -€98,180 | -4.7% |
| Plant, machinery and equipment | 23 | €2,069,357 | €1,965,715 | -€103,643 | -5.0% |
| Furniture and vehicles | 24 | €31,935 | €37,397 | +€5,463 | +17.1% |
| Financial fixed assets | 28 | €845,443 | €536,131 | -€309,312 | -36.6% |
| Other financial fixed assets | 284/8 | €845,443 | €536,131 | -€309,312 | -36.6% |
| Amounts receivable and cash guarantees | 285/8 | €845,443 | €536,131 | -€309,312 | -36.6% |
| Current assets | 29/58 | €6,185,962 | €5,901,422 | -€284,539 | -4.6% |
| Stocks and contracts in progress | 3 | €140,928 | €170,096 | +€29,168 | +20.7% |
| Stocks | 30/36 | €140,928 | €170,096 | +€29,168 | +20.7% |
| Goods purchased for resale | 34 | €140,928 | €170,096 | +€29,168 | +20.7% |
| Amounts receivable within one year | 40/41 | €5,659,680 | €5,574,494 | -€85,186 | -1.5% |
| Trade receivables | 40 | €4,634,207 | €5,256,874 | +€622,666 | +13.4% |
| Other amounts receivable | 41 | €1,025,473 | €317,620 | -€707,853 | -69.0% |
| Cash at bank and in hand | 54/58 | €288,875 | €84,900 | -€203,976 | -70.6% |
| Deferred charges and accrued income | 490/1 | €96,478 | €71,932 | -€24,546 | -25.4% |
| Total equity and liabilities | 10/49 | €9,132,814 | €8,440,665 | -€692,149 | -7.6% |
| Equity | 10/15 | €4,473,893 | €4,848,839 | +€374,946 | +8.4% |
| Contributions | 10/11 | €1,068,592 | €1,068,592 | = | 0.0% |
| Capital | 10 | €1,068,592 | €1,068,592 | = | 0.0% |
| Issued capital | 100 | €1,068,592 | €1,068,592 | = | 0.0% |
| Reserves | 13 | €143,776 | €143,776 | = | 0.0% |
| Non-distributable reserves | 130/1 | €106,859 | €106,859 | = | 0.0% |
| Legal reserve | 130 | €106,859 | €106,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,326 | €30,326 | = | 0.0% |
| Distributable reserves | 133 | €6,591 | €6,591 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,261,525 | €3,636,471 | +€374,946 | +11.5% |
| Provisions and deferred taxes | 16 | €153,781 | €9,269 | -€144,512 | -94.0% |
| Provisions for liabilities and charges | 160/5 | €153,781 | €9,269 | -€144,512 | -94.0% |
| Other liabilities and charges | 164/5 | €153,781 | €9,269 | -€144,512 | -94.0% |
| Amounts payable | 17/49 | €4,505,141 | €3,582,557 | -€922,584 | -20.5% |
| Amounts payable within one year | 42/48 | €4,249,306 | €3,281,729 | -€967,577 | -22.8% |
| Trade debts | 44 | €2,728,331 | €2,207,473 | -€520,858 | -19.1% |
| Suppliers | 440/4 | €2,728,331 | €2,207,473 | -€520,858 | -19.1% |
| Taxes, remuneration and social security | 45 | €1,520,976 | €1,074,256 | -€446,720 | -29.4% |
| Taxes | 450/3 | €500,645 | €355,604 | -€145,042 | -29.0% |
| Remuneration and social security | 454/9 | €1,020,330 | €718,652 | -€301,678 | -29.6% |
| Accrued charges and deferred income | 492/3 | €255,834 | €300,828 | +€44,993 | +17.6% |
| Operating income | 70/76A | €18,403,158 | €17,407,524 | -€995,634 | -5.4% |
| Turnover | 70 | €18,372,474 | €17,407,524 | -€964,950 | -5.3% |
| Other operating income | 74 | €30,684 | €0 | -€30,684 | -100.0% |
| Operating charges | 60/66A | €17,624,250 | €16,826,535 | -€797,716 | -4.5% |
| Goods for resale, raw materials and consumables | 60 | €10,591,883 | €9,417,623 | -€1.2m | -11.1% |
| Purchases | 600/8 | €10,596,341 | €9,446,791 | -€1.1m | -10.8% |
| Change in stocks: decrease (increase) | 609 | -€4,458 | -€29,168 | -€24,710 | -554.3% |
| Services and other goods | 61 | €2,274,954 | €2,872,773 | +€597,818 | +26.3% |
| Remuneration, social security and pensions | 62 | €3,959,234 | €3,782,732 | -€176,502 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €726,738 | €684,792 | -€41,946 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,996 | €2,777 | -€9,219 | -76.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €604 | -€144,512 | -€145,116 | |
| Other operating charges | 640/8 | €58,841 | €210,349 | +€151,509 | +257.5% |
| Operating profit (loss) | 9901 | €778,908 | €580,989 | -€197,919 | -25.4% |
| Financial income | 75/76B | €560,045 | €17,958 | -€542,086 | -96.8% |
| Recurring financial income | 75 | €560,045 | €17,958 | -€542,086 | -96.8% |
| Income from current assets | 751 | €549,240 | €13,933 | -€535,306 | -97.5% |
| Other financial income | 752/9 | €10,805 | €4,025 | -€6,780 | -62.8% |
| Financial charges | 65/66B | €11,064 | €15,970 | +€4,906 | +44.3% |
| Recurring financial charges | 65 | €11,064 | €15,970 | +€4,906 | +44.3% |
| Debt charges | 650 | €11,064 | €10,046 | -€1,018 | -9.2% |
| Other financial charges | 652/9 | €0 | €5,924 | +€5,924 | |
| Profit (loss) for the period before taxes | 9903 | €1,327,889 | €582,978 | -€744,911 | -56.1% |
| Income taxes | 67/77 | €361,279 | €208,031 | -€153,248 | -42.4% |
| Taxes | 670/3 | €361,279 | €208,031 | -€153,248 | -42.4% |
| Profit (loss) for the period | 9904 | €966,610 | €374,946 | -€591,663 | -61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €966,610 | €374,946 | -€591,663 | -61.2% |
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 30 September 2026 via checked.be.