WERKHOFS: 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.
WERKHOFS
Largest movements
- Receivables within one year -€10,598
down €10,598 (-48.3%), from €21,958 to €11,360
of which Trade receivables: -€10,285
- Cash +€5,733
up €5,733 (+17.2%), from €33,326 to €39,059
mainly Other debts (+€16,590) and Net result for the year (+€16,514)
- Tangible fixed assets -€4,022
down €4,022 (-13.7%), from €29,454 to €25,432
of which Furniture and vehicles: -€13,000
- Reserves -€20,919
down €20,919 (-48.6%), from €43,025 to €22,106
- Other debts +€16,590
up €16,590 (+150%), from €11,075 to €27,665
- Profit (loss) carried forward +€7,434
new in 2025: €7,434
- Debts after one year -€5,155
no longer reported in 2025 (was €5,155)
- Current portion of long-term debt -€5,020
down €5,020 (-49.3%), from €10,176 to €5,155
- Gross operating margin -€3,565
down €3,565 (-8.4%), from €42,523 to €38,958
- Other operating charges +€1,269
up €1,269 (+247%), from €513 to €1,782
- Taxes -€574
down €574 (-7.4%), from €7,749 to €7,175
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 | €85,938 | €77,295 | -€8,643 | -10.1% |
| Fixed assets | 21/28 | €29,454 | €25,432 | -€4,022 | -13.7% |
| Tangible fixed assets | 22/27 | €29,454 | €25,432 | -€4,022 | -13.7% |
| Land and buildings | 22 | - | €8,978 | +€8,978 | |
| Furniture and vehicles | 24 | €29,454 | €16,454 | -€13,000 | -44.1% |
| Current assets | 29/58 | €56,484 | €51,864 | -€4,621 | -8.2% |
| Amounts receivable within one year | 40/41 | €21,958 | €11,360 | -€10,598 | -48.3% |
| Trade receivables | 40 | €20,570 | €10,285 | -€10,285 | -50.0% |
| Other amounts receivable | 41 | €1,388 | €1,075 | -€313 | -22.5% |
| Cash at bank and in hand | 54/58 | €33,326 | €39,059 | +€5,733 | +17.2% |
| Deferred charges and accrued income | 490/1 | €1,200 | €1,444 | +€244 | +20.3% |
| Total equity and liabilities | 10/49 | €85,938 | €77,295 | -€8,643 | -10.1% |
| Equity | 10/15 | €48,025 | €34,539 | -€13,486 | -28.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,025 | €22,106 | -€20,919 | -48.6% |
| Distributable reserves | 133 | €43,025 | €22,106 | -€20,919 | -48.6% |
| Profit (loss) carried forward | 14 | - | €7,434 | +€7,434 | |
| Amounts payable | 17/49 | €37,913 | €42,756 | +€4,843 | +12.8% |
| Amounts payable after more than one year | 17 | €5,155 | - | -€5,155 | |
| Financial debts | 170/4 | €5,155 | - | -€5,155 | |
| Amounts payable within one year | 42/48 | €32,758 | €42,756 | +€9,998 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €10,176 | €5,155 | -€5,020 | -49.3% |
| Trade debts | 44 | €6,315 | €2,174 | -€4,140 | -65.6% |
| Suppliers | 440/4 | €6,315 | €2,174 | -€4,140 | -65.6% |
| Taxes, remuneration and social security | 45 | €5,192 | €7,762 | +€2,569 | +49.5% |
| Taxes | 450/3 | €3,805 | €5,307 | +€1,502 | +39.5% |
| Remuneration and social security | 454/9 | €1,387 | €2,455 | +€1,068 | +77.0% |
| Other amounts payable | 47/48 | €11,075 | €27,665 | +€16,590 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,000 | €13,032 | +€32 | +0.2% |
| Other operating charges | 640/8 | €513 | €1,782 | +€1,269 | +247% |
| Gross operating margin | 9900 | €42,523 | €38,958 | -€3,565 | -8.4% |
| Operating profit (loss) | 9901 | €29,010 | €24,144 | -€4,866 | -16.8% |
| Financial income | 75/76B | €50 | - | -€50 | |
| Recurring financial income | 75 | €50 | - | -€50 | |
| Financial charges | 65/66B | €391 | €454 | +€63 | +16.1% |
| Recurring financial charges | 65 | €391 | €454 | +€63 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €28,669 | €23,690 | -€4,979 | -17.4% |
| Income taxes | 67/77 | €7,749 | €7,175 | -€574 | -7.4% |
| Profit (loss) for the period | 9904 | €20,919 | €16,514 | -€4,405 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,919 | €16,514 | -€4,405 | -21.1% |
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 15 October 2026 via checked.be.