WERFPUNT: 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.
WERFPUNT
Largest movements
- Tangible fixed assets -€73,172
down €73,172 (-21.4%), from €341,525 to €268,353
of which Furniture and vehicles: -€67,989
- Receivables within one year +€63,215
up €63,215 (+37.2%), from €170,021 to €233,236
of which Trade receivables: +€95,650
- Cash -€33,071
down €33,071 (-75.7%), from €43,685 to €10,614
mainly Receivables within one year (-€63,215) and Debts after one year (-€25,065)
- Deferred charges and accrued income -€9,608
down €9,608 (-93.7%), from €10,250 to €642
- Debts after one year -€25,065
down €25,065 (-33.0%), from €76,015 to €50,950
- Profit (loss) carried forward -€18,156
down €18,156 (-38.6%), from -€47,093 to -€65,248
- Tax, wage and social debts -€9,551
down €9,551 (-65.1%), from €14,679 to €5,128
of which Remuneration and social security: -€6,061
- Other debts -€9,026
down €9,026 (-43.7%), from €20,650 to €11,624
- Trade debts +€8,006
up €8,006 (+1.8%), from €443,182 to €451,188
- Gross operating margin +€105,317
up €105,317 (+87.8%), from €119,887 to €225,204
- Staff costs +€34,151
up €34,151 (+37.7%), from €90,697 to €124,847
- Other operating charges +€14,486
up €14,486 (+137.4%), from €10,546 to €25,032
- Depreciation +€7,230
up €7,230 (+10.5%), from €68,599 to €75,829
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 | €574,482 | €521,846 | -€52,636 | -9.2% |
| Fixed assets | 21/28 | €350,525 | €277,353 | -€73,172 | -20.9% |
| Tangible fixed assets | 22/27 | €341,525 | €268,353 | -€73,172 | -21.4% |
| Plant, machinery and equipment | 23 | €528 | €18,970 | +€18,443 | +3495.3% |
| Furniture and vehicles | 24 | €317,373 | €249,383 | -€67,989 | -21.4% |
| Assets under construction and advance payments | 27 | €23,625 | - | -€23,625 | |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €223,957 | €244,492 | +€20,536 | +9.2% |
| Amounts receivable within one year | 40/41 | €170,021 | €233,236 | +€63,215 | +37.2% |
| Trade receivables | 40 | €126,700 | €222,349 | +€95,650 | +75.5% |
| Other amounts receivable | 41 | €43,322 | €10,887 | -€32,435 | -74.9% |
| Cash at bank and in hand | 54/58 | €43,685 | €10,614 | -€33,071 | -75.7% |
| Deferred charges and accrued income | 490/1 | €10,250 | €642 | -€9,608 | -93.7% |
| Total equity and liabilities | 10/49 | €574,482 | €521,846 | -€52,636 | -9.2% |
| Equity | 10/15 | -€5,388 | -€23,544 | -€18,156 | -336.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Revaluation surpluses | 12 | €9,318 | €9,318 | = | 0.0% |
| Reserves | 13 | €2,387 | €2,387 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | €150 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,237 | €2,237 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,093 | -€65,248 | -€18,156 | -38.6% |
| Amounts payable | 17/49 | €579,870 | €545,390 | -€34,480 | -5.9% |
| Amounts payable after more than one year | 17 | €76,015 | €50,950 | -€25,065 | -33.0% |
| Financial debts | 170/4 | €76,015 | €50,950 | -€25,065 | -33.0% |
| Amounts payable within one year | 42/48 | €503,855 | €494,440 | -€9,415 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €23,909 | €25,065 | +€1,156 | +4.8% |
| Financial debts | 43 | €1,435 | €1,435 | = | 0.0% |
| Credit institutions | 430/8 | €1,435 | €1,435 | = | 0.0% |
| Trade debts | 44 | €443,182 | €451,188 | +€8,006 | +1.8% |
| Suppliers | 440/4 | €443,182 | €451,188 | +€8,006 | +1.8% |
| Taxes, remuneration and social security | 45 | €14,679 | €5,128 | -€9,551 | -65.1% |
| Taxes | 450/3 | €3,490 | - | -€3,490 | |
| Remuneration and social security | 454/9 | €11,189 | €5,128 | -€6,061 | -54.2% |
| Other amounts payable | 47/48 | €20,650 | €11,624 | -€9,026 | -43.7% |
| Non-recurring operating income | 76A | €1,854 | - | -€1,854 | |
| Remuneration, social security and pensions | 62 | €90,697 | €124,847 | +€34,151 | +37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,599 | €75,829 | +€7,230 | +10.5% |
| Other operating charges | 640/8 | €10,546 | €25,032 | +€14,486 | +137.4% |
| Non-recurring operating charges | 66A | - | €12,600 | +€12,600 | |
| Gross operating margin | 9900 | €119,887 | €225,204 | +€105,317 | +87.8% |
| Operating profit (loss) | 9901 | -€49,954 | -€13,104 | +€36,850 | +73.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,517 | €5,053 | -€464 | -8.4% |
| Recurring financial charges | 65 | €5,517 | €5,053 | -€464 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | -€55,471 | -€18,156 | +€37,316 | +67.3% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€55,471 | -€18,156 | +€37,316 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,471 | -€18,156 | +€37,316 | +67.3% |
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 10 October 2026 via checked.be.