WERMO: 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.
WERMO
Largest movements
- Receivables within one year +€10,839
up €10,839 (+13.2%), from €82,205 to €93,044
- Tangible fixed assets -€3,059
down €3,059 (-5.5%), from €55,647 to €52,588
- Reserves +€5,830
up €5,830 (+4.8%), from €121,061 to €126,891
of which Distributable reserves: +€5,830
- Gross operating margin +€4,867
up €4,867 (+80.9%), from €6,019 to €10,886
- Taxes +€1,099
new in 2024: €1,099
- Other operating charges -€169
down €169 (-15.8%), from €1,068 to €899
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €183,569 | €190,761 | +€7,193 | +3.9% |
| Fixed assets | 21/28 | €55,647 | €52,588 | -€3,059 | -5.5% |
| Tangible fixed assets | 22/27 | €55,647 | €52,588 | -€3,059 | -5.5% |
| Land and buildings | 22 | €55,647 | €52,588 | -€3,059 | -5.5% |
| Current assets | 29/58 | €127,922 | €138,173 | +€10,252 | +8.0% |
| Amounts receivable within one year | 40/41 | €82,205 | €93,044 | +€10,839 | +13.2% |
| Other amounts receivable | 41 | €82,205 | €93,044 | +€10,839 | +13.2% |
| Current investments | 50/53 | €45,000 | €45,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €717 | €129 | -€588 | -82.0% |
| Total equity and liabilities | 10/49 | €183,569 | €190,761 | +€7,193 | +3.9% |
| Equity | 10/15 | €183,061 | €188,891 | +€5,830 | +3.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €121,061 | €126,891 | +€5,830 | +4.8% |
| Non-distributable reserves | 130/1 | €51,200 | €51,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Own shares acquired | 1312 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €69,861 | €75,691 | +€5,830 | +8.3% |
| Amounts payable | 17/49 | €508 | €1,871 | +€1,363 | +268.5% |
| Amounts payable within one year | 42/48 | €508 | €1,871 | +€1,363 | +268.5% |
| Trade debts | 44 | €508 | €772 | +€264 | +52.0% |
| Suppliers | 440/4 | €508 | €772 | +€264 | +52.0% |
| Taxes, remuneration and social security | 45 | - | €1,099 | +€1,099 | |
| Taxes | 450/3 | - | €1,099 | +€1,099 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,059 | €3,059 | = | 0.0% |
| Other operating charges | 640/8 | €1,068 | €899 | -€169 | -15.8% |
| Gross operating margin | 9900 | €6,019 | €10,886 | +€4,867 | +80.9% |
| Operating profit (loss) | 9901 | €1,892 | €6,929 | +€5,037 | +266.2% |
| Financial charges | 65/66B | €97 | - | -€97 | |
| Recurring financial charges | 65 | €97 | - | -€97 | |
| Profit (loss) for the period before taxes | 9903 | €1,795 | €6,929 | +€5,133 | +285.9% |
| Income taxes | 67/77 | - | €1,099 | +€1,099 | |
| Profit (loss) for the period | 9904 | €1,795 | €5,830 | +€4,034 | +224.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,795 | €5,830 | +€4,034 | +224.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.