WerInvest: 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.
WerInvest
Largest movements
- Current investments -€435,000
no longer reported in 2025 (was €435,000)
- Receivables within one year +€168,336
up €168,336 (+1,333%), from €12,628 to €180,964
of which Other amounts receivable: +€180,964
- Receivables after one year +€110,525
up €110,525 (+73.7%), from €150,000 to €260,525
- Cash +€44,068
up €44,068 (+45.8%), from €96,312 to €140,380
mainly Current investments (+€435,000) and Net result for the year (+€180,267)
- Tangible fixed assets -€15,391
down €15,391 (-3.2%), from €478,031 to €462,640
of which Land and buildings: -€13,488
- Reserves -€255,393
down €255,393 (-51.0%), from €501,016 to €245,623
- Other debts +€125,373
up €125,373 (+119%), from €105,204 to €230,577
- Tax, wage and social debts +€33,030
up €33,030 (+328%), from €10,058 to €43,088
- Debts after one year -€27,071
down €27,071 (-5.2%), from €516,301 to €489,230
- Gross operating margin +€115,671
up €115,671 (+74.9%), from €154,482 to €270,153
- Taxes +€30,081
up €30,081 (+88.5%), from €33,997 to €64,078
- Financial income -€14,318
down €14,318 (-64.3%), from €22,254 to €7,936
- Depreciation -€4,104
down €4,104 (-21.1%), from €19,495 to €15,391
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 | €1,171,971 | €1,045,178 | -€126,793 | -10.8% |
| Fixed assets | 21/28 | €478,031 | €462,640 | -€15,391 | -3.2% |
| Intangible fixed assets | 21 | €1 | €0 | -€0 | -18.5% |
| Tangible fixed assets | 22/27 | €478,031 | €462,640 | -€15,391 | -3.2% |
| Land and buildings | 22 | €472,477 | €458,989 | -€13,488 | -2.9% |
| Plant, machinery and equipment | 23 | €1,060 | €502 | -€558 | -52.7% |
| Furniture and vehicles | 24 | €4,494 | €3,149 | -€1,345 | -29.9% |
| Current assets | 29/58 | €693,940 | €582,538 | -€111,402 | -16.1% |
| Amounts receivable after more than one year | 29 | €150,000 | €260,525 | +€110,525 | +73.7% |
| Other amounts receivable | 291 | €150,000 | €260,525 | +€110,525 | +73.7% |
| Amounts receivable within one year | 40/41 | €12,628 | €180,964 | +€168,336 | +1,333% |
| Trade receivables | 40 | €12,628 | - | -€12,628 | |
| Other amounts receivable | 41 | - | €180,964 | +€180,964 | |
| Current investments | 50/53 | €435,000 | - | -€435,000 | |
| Cash at bank and in hand | 54/58 | €96,312 | €140,380 | +€44,068 | +45.8% |
| Deferred charges and accrued income | 490/1 | - | €669 | +€669 | |
| Total equity and liabilities | 10/49 | €1,171,971 | €1,045,178 | -€126,793 | -10.8% |
| Equity | 10/15 | €506,016 | €250,623 | -€255,393 | -50.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €501,016 | €245,623 | -€255,393 | -51.0% |
| Distributable reserves | 133 | €501,016 | €245,623 | -€255,393 | -51.0% |
| Amounts payable | 17/49 | €665,955 | €794,556 | +€128,600 | +19.3% |
| Amounts payable after more than one year | 17 | €516,301 | €489,230 | -€27,071 | -5.2% |
| Financial debts | 170/4 | €516,301 | €489,230 | -€27,071 | -5.2% |
| Amounts payable within one year | 42/48 | €146,089 | €301,258 | +€155,170 | +106% |
| Current portion of amounts payable after more than one year | 42 | €26,651 | €27,071 | +€419 | +1.6% |
| Trade debts | 44 | €4,175 | €523 | -€3,652 | -87.5% |
| Suppliers | 440/4 | €4,175 | €523 | -€3,652 | -87.5% |
| Taxes, remuneration and social security | 45 | €10,058 | €43,088 | +€33,030 | +328% |
| Taxes | 450/3 | €10,058 | €43,088 | +€33,030 | +328% |
| Other amounts payable | 47/48 | €105,204 | €230,577 | +€125,373 | +119% |
| Accrued charges and deferred income | 492/3 | €3,566 | €4,067 | +€501 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,495 | €15,391 | -€4,104 | -21.1% |
| Other operating charges | 640/8 | €454 | €701 | +€247 | +54.5% |
| Gross operating margin | 9900 | €154,482 | €270,153 | +€115,671 | +74.9% |
| Operating profit (loss) | 9901 | €134,533 | €254,061 | +€119,527 | +88.8% |
| Financial income | 75/76B | €22,254 | €7,936 | -€14,318 | -64.3% |
| Recurring financial income | 75 | €22,254 | €7,936 | -€14,318 | -64.3% |
| Financial charges | 65/66B | €17,132 | €17,652 | +€520 | +3.0% |
| Recurring financial charges | 65 | €17,132 | €17,652 | +€520 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €139,655 | €244,345 | +€104,690 | +75.0% |
| Income taxes | 67/77 | €33,997 | €64,078 | +€30,081 | +88.5% |
| Profit (loss) for the period | 9904 | €105,658 | €180,267 | +€74,609 | +70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €105,658 | €180,267 | +€74,609 | +70.6% |
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 27 October 2026 via checked.be.