WERKHUIZEN DECLOEDT: 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.
WERKHUIZEN DECLOEDT
Largest movements
- Cash -€131,214
down €131,214 (-60.9%), from €215,527 to €84,314
mainly Debts after one year (-€107,094) and Receivables within one year (-€55,947)
- Tangible fixed assets -€70,086
down €70,086 (-15.5%), from €451,113 to €381,027
of which Leasing and similar rights: -€121,152
- Receivables within one year +€55,947
up €55,947 (+15.6%), from €359,266 to €415,213
of which Trade receivables: +€54,699
- Debts after one year -€107,094
down €107,094 (-29.5%), from €363,181 to €256,087
of which Financial debts: -€57,094
- Other debts +€50,000
up €50,000, from €0 to €50,000
- Trade debts -€29,689
down €29,689 (-21.2%), from €139,826 to €110,137
- Current portion of long-term debt -€27,632
down €27,632 (-32.6%), from €84,726 to €57,094
- Tax, wage and social debts -€23,374
down €23,374 (-27.7%), from €84,401 to €61,026
of which Remuneration and social security: -€20,160
- Gross operating margin -€99,135
down €99,135 (-13.1%), from €755,266 to €656,131
- Staff costs -€27,198
down €27,198 (-5.0%), from €539,760 to €512,563
- Taxes -€17,506
down €17,506 (-79.2%), from €22,104 to €4,598
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 | €1,124,740 | €982,959 | -€141,781 | -12.6% |
| Fixed assets | 21/28 | €455,715 | €384,329 | -€71,386 | -15.7% |
| Intangible fixed assets | 21 | €4,602 | €3,302 | -€1,300 | -28.3% |
| Tangible fixed assets | 22/27 | €451,113 | €381,027 | -€70,086 | -15.5% |
| Land and buildings | 22 | €57,439 | €43,006 | -€14,433 | -25.1% |
| Plant, machinery and equipment | 23 | €14,729 | €88,152 | +€73,423 | +499% |
| Furniture and vehicles | 24 | €23,708 | €15,784 | -€7,924 | -33.4% |
| Leasing and similar rights | 25 | €355,237 | €234,085 | -€121,152 | -34.1% |
| Current assets | 29/58 | €669,025 | €598,631 | -€70,394 | -10.5% |
| Stocks and contracts in progress | 3 | €91,712 | €96,993 | +€5,281 | +5.8% |
| Stocks | 30/36 | €41,587 | €39,725 | -€1,862 | -4.5% |
| Contracts in progress | 37 | €50,124 | €57,268 | +€7,144 | +14.3% |
| Amounts receivable within one year | 40/41 | €359,266 | €415,213 | +€55,947 | +15.6% |
| Trade receivables | 40 | €355,589 | €410,288 | +€54,699 | +15.4% |
| Other amounts receivable | 41 | €3,677 | €4,924 | +€1,247 | +33.9% |
| Cash at bank and in hand | 54/58 | €215,527 | €84,314 | -€131,214 | -60.9% |
| Deferred charges and accrued income | 490/1 | €2,520 | €2,111 | -€409 | -16.2% |
| Total equity and liabilities | 10/49 | €1,124,740 | €982,959 | -€141,781 | -12.6% |
| Equity | 10/15 | €400,381 | €402,533 | +€2,152 | +0.5% |
| Contributions | 10/11 | €52,553 | €52,553 | = | 0.0% |
| Reserves | 13 | €347,827 | €349,980 | +€2,152 | +0.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €310,327 | €312,480 | +€2,152 | +0.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €724,359 | €580,426 | -€143,933 | -19.9% |
| Amounts payable after more than one year | 17 | €363,181 | €256,087 | -€107,094 | -29.5% |
| Financial debts | 170/4 | €263,181 | €206,087 | -€57,094 | -21.7% |
| Other amounts payable | 178/9 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Amounts payable within one year | 42/48 | €356,379 | €319,772 | -€36,607 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €84,726 | €57,094 | -€27,632 | -32.6% |
| Financial debts | 43 | €47,426 | €41,514 | -€5,911 | -12.5% |
| Credit institutions | 430/8 | €47,426 | €41,514 | -€5,911 | -12.5% |
| Trade debts | 44 | €139,826 | €110,137 | -€29,689 | -21.2% |
| Suppliers | 440/4 | €139,826 | €110,137 | -€29,689 | -21.2% |
| Taxes, remuneration and social security | 45 | €84,401 | €61,026 | -€23,374 | -27.7% |
| Taxes | 450/3 | €27,321 | €24,106 | -€3,214 | -11.8% |
| Remuneration and social security | 454/9 | €57,080 | €36,920 | -€20,160 | -35.3% |
| Other amounts payable | 47/48 | €0 | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €4,800 | €4,568 | -€232 | -4.8% |
| Remuneration, social security and pensions | 62 | €539,760 | €512,563 | -€27,198 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,406 | €83,290 | +€884 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€280 | €0 | +€280 | |
| Other operating charges | 640/8 | €32,538 | €34,043 | +€1,505 | +4.6% |
| Gross operating margin | 9900 | €755,266 | €656,131 | -€99,135 | -13.1% |
| Operating profit (loss) | 9901 | €100,842 | €26,235 | -€74,607 | -74.0% |
| Financial income | 75/76B | €0 | €2,769 | +€2,769 | |
| Recurring financial income | 75 | €0 | €2,769 | +€2,769 | |
| Financial charges | 65/66B | €25,783 | €22,255 | -€3,528 | -13.7% |
| Recurring financial charges | 65 | €25,783 | €22,255 | -€3,528 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €75,059 | €6,750 | -€68,309 | -91.0% |
| Income taxes | 67/77 | €22,104 | €4,598 | -€17,506 | -79.2% |
| Profit (loss) for the period | 9904 | €52,955 | €2,152 | -€50,803 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,955 | €2,152 | -€50,803 | -95.9% |
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.