WERNER WAYTECK: 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.
WERNER WAYTECK
Largest movements
- Cash +€301,931
up €301,931 (+66.3%), from €455,322 to €757,253
mainly Net result for the year (+€227,745) and Depreciation (+€38,671)
- Tangible fixed assets -€34,296
down €34,296 (-5.7%), from €603,756 to €569,461
of which Furniture and vehicles: -€22,217
- Deferred charges and accrued income -€16,520
down €16,520 (-32.0%), from €51,673 to €35,153
- Reserves +€227,745
up €227,745 (+24.9%), from €915,958 to €1.1m
- Tax, wage and social debts +€23,620
up €23,620 (+115%), from €20,455 to €44,075
of which Taxes: +€20,514
- Gross operating margin +€30,056
up €30,056 (+7.6%), from €395,653 to €425,709
- Taxes +€24,572
up €24,572 (+30.3%), from €81,059 to €105,632
- Staff costs -€20,271
down €20,271 (-31.7%), from €63,958 to €43,687
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 | €1,112,544 | €1,361,867 | +€249,323 | +22.4% |
| Fixed assets | 21/28 | €603,756 | €569,461 | -€34,296 | -5.7% |
| Tangible fixed assets | 22/27 | €603,756 | €569,461 | -€34,296 | -5.7% |
| Land and buildings | 22 | €534,984 | €521,105 | -€13,879 | -2.6% |
| Plant, machinery and equipment | 23 | €8,188 | €9,988 | +€1,800 | +22.0% |
| Furniture and vehicles | 24 | €60,585 | €38,368 | -€22,217 | -36.7% |
| Current assets | 29/58 | €508,787 | €792,406 | +€283,618 | +55.7% |
| Amounts receivable within one year | 40/41 | €1,793 | €0 | -€1,793 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,793 | €0 | -€1,793 | -100% |
| Cash at bank and in hand | 54/58 | €455,322 | €757,253 | +€301,931 | +66.3% |
| Deferred charges and accrued income | 490/1 | €51,673 | €35,153 | -€16,520 | -32.0% |
| Total equity and liabilities | 10/49 | €1,112,544 | €1,361,867 | +€249,323 | +22.4% |
| Equity | 10/15 | €934,558 | €1,162,303 | +€227,745 | +24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €915,958 | €1,143,703 | +€227,745 | +24.9% |
| Distributable reserves | 133 | €915,958 | €1,143,703 | +€227,745 | +24.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €177,986 | €199,564 | +€21,578 | +12.1% |
| Amounts payable within one year | 42/48 | €167,057 | €190,104 | +€23,047 | +13.8% |
| Trade debts | 44 | €12,875 | €4,354 | -€8,521 | -66.2% |
| Suppliers | 440/4 | €12,875 | €4,354 | -€8,521 | -66.2% |
| Taxes, remuneration and social security | 45 | €20,455 | €44,075 | +€23,620 | +115% |
| Taxes | 450/3 | €16,039 | €36,553 | +€20,514 | +128% |
| Remuneration and social security | 454/9 | €4,416 | €7,522 | +€3,106 | +70.3% |
| Other amounts payable | 47/48 | €133,728 | €141,676 | +€7,948 | +5.9% |
| Accrued charges and deferred income | 492/3 | €10,929 | €9,460 | -€1,469 | -13.4% |
| Non-recurring operating income | 76A | €900 | €0 | -€900 | -100% |
| Remuneration, social security and pensions | 62 | €63,958 | €43,687 | -€20,271 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,918 | €38,671 | -€3,247 | -7.7% |
| Other operating charges | 640/8 | €5,033 | €4,127 | -€906 | -18.0% |
| Non-recurring operating charges | 66A | €18,641 | €0 | -€18,641 | -100% |
| Gross operating margin | 9900 | €395,653 | €425,709 | +€30,056 | +7.6% |
| Operating profit (loss) | 9901 | €266,104 | €339,224 | +€73,120 | +27.5% |
| Financial income | 75/76B | €434 | €3,805 | +€3,371 | +776% |
| Recurring financial income | 75 | €434 | €3,805 | +€3,371 | +776% |
| Financial charges | 65/66B | €11,164 | €9,652 | -€1,512 | -13.5% |
| Recurring financial charges | 65 | €11,164 | €9,652 | -€1,512 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €255,374 | €333,377 | +€78,003 | +30.5% |
| Income taxes | 67/77 | €81,059 | €105,632 | +€24,572 | +30.3% |
| Profit (loss) for the period | 9904 | €174,314 | €227,745 | +€53,431 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €174,314 | €227,745 | +€53,431 | +30.7% |
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 14 October 2026 via checked.be.