WERFOFFLINE: 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.
WERFOFFLINE
Largest movements
- Tangible fixed assets +€389,911
up €389,911 (+175.8%), from €221,750 to €611,661
- Debts after one year +€314,664
up €314,664 (+215.8%), from €145,792 to €460,456
- Other debts +€51,400
new in 2025: €51,400
- Current portion of long-term debt +€18,967
up €18,967 (+127.7%), from €14,855 to €33,823
- Gross operating margin -€3,759
down €3,759 (-12.2%), from €30,915 to €27,156
- Depreciation +€1,691
up €1,691 (+17.8%), from €9,510 to €11,201
- Taxes -€1,656
down €1,656 (-43.7%), from €3,789 to €2,133
- Financial charges -€1,047
down €1,047 (-12.5%), from €8,372 to €7,325
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 | €230,122 | €620,395 | +€390,273 | +169.6% |
| Fixed assets | 21/28 | €221,750 | €611,661 | +€389,911 | +175.8% |
| Tangible fixed assets | 22/27 | €221,750 | €611,661 | +€389,911 | +175.8% |
| Land and buildings | 22 | €221,750 | €611,661 | +€389,911 | +175.8% |
| Current assets | 29/58 | €8,372 | €8,734 | +€363 | +4.3% |
| Amounts receivable within one year | 40/41 | €7,969 | €7,386 | -€583 | -7.3% |
| Other amounts receivable | 41 | €7,969 | €7,386 | -€583 | -7.3% |
| Cash at bank and in hand | 54/58 | €402 | €1,348 | +€945 | +234.9% |
| Total equity and liabilities | 10/49 | €230,122 | €620,395 | +€390,273 | +169.6% |
| Equity | 10/15 | €69,475 | €74,675 | +€5,200 | +7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,275 | €68,475 | +€5,200 | +8.2% |
| Distributable reserves | 133 | €63,275 | €68,475 | +€5,200 | +8.2% |
| Amounts payable | 17/49 | €160,647 | €545,720 | +€385,073 | +239.7% |
| Amounts payable after more than one year | 17 | €145,792 | €460,456 | +€314,664 | +215.8% |
| Financial debts | 170/4 | €145,792 | €460,456 | +€314,664 | +215.8% |
| Amounts payable within one year | 42/48 | €14,855 | €85,264 | +€70,409 | +474.0% |
| Current portion of amounts payable after more than one year | 42 | €14,855 | €33,823 | +€18,967 | +127.7% |
| Trade debts | 44 | - | €42 | +€42 | |
| Suppliers | 440/4 | - | €42 | +€42 | |
| Other amounts payable | 47/48 | - | €51,400 | +€51,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,510 | €11,201 | +€1,691 | +17.8% |
| Other operating charges | 640/8 | €1,125 | €1,321 | +€195 | +17.4% |
| Gross operating margin | 9900 | €30,915 | €27,156 | -€3,759 | -12.2% |
| Operating profit (loss) | 9901 | €20,280 | €14,634 | -€5,646 | -27.8% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €8,372 | €7,325 | -€1,047 | -12.5% |
| Recurring financial charges | 65 | €8,372 | €7,325 | -€1,047 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €11,908 | €7,333 | -€4,575 | -38.4% |
| Income taxes | 67/77 | €3,789 | €2,133 | -€1,656 | -43.7% |
| Profit (loss) for the period | 9904 | €8,119 | €5,200 | -€2,919 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,119 | €5,200 | -€2,919 | -36.0% |
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 2 October 2026 via checked.be.