WERKEGEM: 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.
WERKEGEM
Largest movements
- Tangible fixed assets +€63,464
up €63,464 (+673.3%), from €9,426 to €72,890
of which Furniture and vehicles: +€59,879
- Cash -€19,476
down €19,476 (-77.5%), from €25,131 to €5,655
mainly Investment in fixed assets (net) (-€70,432) and Trade debts (-€2,984)
- Debts after one year +€24,655
new in 2025: €24,655
- Current portion of long-term debt +€14,205
new in 2025: €14,205
- Profit (loss) carried forward +€7,764
up €7,764 (+48.0%), from €16,187 to €23,952
- Trade debts -€2,984
down €2,984 (-64.4%), from €4,631 to €1,647
- Depreciation +€5,477
up €5,477 (+367.1%), from €1,492 to €6,969
- Gross operating margin -€2,921
down €2,921 (-11.7%), from €25,039 to €22,118
- Taxes -€1,825
down €1,825 (-38.6%), from €4,728 to €2,904
- Staff costs +€1,758
up €1,758 (+100.0%), from €1,758 to €3,516
- Other operating charges -€622
down €622 (-53.0%), from €1,174 to €552
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 | €46,899 | €90,948 | +€44,049 | +93.9% |
| Fixed assets | 21/28 | €9,426 | €72,890 | +€63,464 | +673.3% |
| Tangible fixed assets | 22/27 | €9,426 | €72,890 | +€63,464 | +673.3% |
| Land and buildings | 22 | €1,767 | €5,352 | +€3,585 | +202.8% |
| Furniture and vehicles | 24 | €7,659 | €67,538 | +€59,879 | +781.8% |
| Current assets | 29/58 | €37,472 | €18,058 | -€19,415 | -51.8% |
| Amounts receivable within one year | 40/41 | €12,341 | €11,544 | -€797 | -6.5% |
| Trade receivables | 40 | €11,070 | €11,538 | +€468 | +4.2% |
| Other amounts receivable | 41 | €1,272 | €6 | -€1,266 | -99.5% |
| Cash at bank and in hand | 54/58 | €25,131 | €5,655 | -€19,476 | -77.5% |
| Deferred charges and accrued income | 490/1 | - | €859 | +€859 | |
| Total equity and liabilities | 10/49 | €46,899 | €90,948 | +€44,049 | +93.9% |
| Equity | 10/15 | €17,687 | €25,452 | +€7,764 | +43.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,187 | €23,952 | +€7,764 | +48.0% |
| Amounts payable | 17/49 | €29,211 | €65,496 | +€36,285 | +124.2% |
| Amounts payable after more than one year | 17 | - | €24,655 | +€24,655 | |
| Financial debts | 170/4 | - | €24,655 | +€24,655 | |
| Amounts payable within one year | 42/48 | €29,211 | €40,841 | +€11,629 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | - | €14,205 | +€14,205 | |
| Trade debts | 44 | €4,631 | €1,647 | -€2,984 | -64.4% |
| Suppliers | 440/4 | €4,631 | €1,647 | -€2,984 | -64.4% |
| Taxes, remuneration and social security | 45 | €13,288 | €13,530 | +€242 | +1.8% |
| Taxes | 450/3 | €10,288 | €10,530 | +€242 | +2.4% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €11,292 | €11,459 | +€166 | +1.5% |
| Remuneration, social security and pensions | 62 | €1,758 | €3,516 | +€1,758 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,492 | €6,969 | +€5,477 | +367.1% |
| Other operating charges | 640/8 | €1,174 | €552 | -€622 | -53.0% |
| Gross operating margin | 9900 | €25,039 | €22,118 | -€2,921 | -11.7% |
| Operating profit (loss) | 9901 | €20,616 | €11,082 | -€9,534 | -46.2% |
| Financial income | 75/76B | €394 | €0 | -€394 | -100.0% |
| Recurring financial income | 75 | €394 | €0 | -€394 | -100.0% |
| Financial charges | 65/66B | €94 | €588 | +€494 | +526.9% |
| Recurring financial charges | 65 | €94 | €588 | +€494 | +526.9% |
| Profit (loss) for the period before taxes | 9903 | €20,916 | €10,494 | -€10,422 | -49.8% |
| Income taxes | 67/77 | €4,728 | €2,904 | -€1,825 | -38.6% |
| Profit (loss) for the period | 9904 | €16,187 | €7,591 | -€8,597 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,187 | €7,591 | -€8,597 | -53.1% |
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 5 October 2026 via checked.be.