WERQINUS: 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.
WERQINUS
Largest movements
- Tangible fixed assets +€235,834
up €235,834 (+24.2%), from €972,792 to €1.2m
of which Land and buildings: +€239,834
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year +€68,547
up €68,547 (+31.8%), from €215,857 to €284,404
of which Other amounts receivable: +€68,725
- Debts after one year +€223,739
up €223,739 (+32.0%), from €698,817 to €922,556
- Other debts -€99,174
down €99,174 (-14.1%), from €703,682 to €604,509
- Accrued charges and deferred income +€19,918
up €19,918 (+1256.2%), from €1,586 to €21,503
- Current portion of long-term debt +€16,783
up €16,783 (+32.7%), from €51,380 to €68,163
- Other operating charges +€37,133
up €37,133 (+697.6%), from €5,323 to €42,457
- Financial income -€35,574
down €35,574 (-14.2%), from €250,000 to €214,426
- Financial charges +€28,073
up €28,073 (+270.6%), from €10,375 to €38,448
- Gross operating margin -€18,110
down €18,110 (-8.0%), from €227,348 to €209,238
- Depreciation +€7,898
up €7,898 (+12.9%), from €61,267 to €69,166
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 | €1,485,959 | €1,642,749 | +€156,791 | +10.6% |
| Fixed assets | 21/28 | €1,083,430 | €1,319,265 | +€235,834 | +21.8% |
| Tangible fixed assets | 22/27 | €972,792 | €1,208,627 | +€235,834 | +24.2% |
| Land and buildings | 22 | €965,229 | €1,205,063 | +€239,834 | +24.8% |
| Furniture and vehicles | 24 | €7,564 | €3,564 | -€4,000 | -52.9% |
| Financial fixed assets | 28 | €110,638 | €110,638 | = | 0.0% |
| Current assets | 29/58 | €402,528 | €323,485 | -€79,044 | -19.6% |
| Amounts receivable within one year | 40/41 | €215,857 | €284,404 | +€68,547 | +31.8% |
| Trade receivables | 40 | €21,173 | €20,996 | -€178 | -0.8% |
| Other amounts receivable | 41 | €194,683 | €263,408 | +€68,725 | +35.3% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €36,051 | €38,440 | +€2,389 | +6.6% |
| Deferred charges and accrued income | 490/1 | €620 | €641 | +€21 | +3.4% |
| Total equity and liabilities | 10/49 | €1,485,959 | €1,642,749 | +€156,791 | +10.6% |
| Equity | 10/15 | €25,000 | €25,000 | = | 0.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,460,959 | €1,617,749 | +€156,791 | +10.7% |
| Amounts payable after more than one year | 17 | €698,817 | €922,556 | +€223,739 | +32.0% |
| Financial debts | 170/4 | €698,817 | €922,556 | +€223,739 | +32.0% |
| Amounts payable within one year | 42/48 | €760,556 | €673,690 | -€86,866 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €51,380 | €68,163 | +€16,783 | +32.7% |
| Trade debts | 44 | €5,493 | €666 | -€4,827 | -87.9% |
| Suppliers | 440/4 | €5,493 | €666 | -€4,827 | -87.9% |
| Taxes, remuneration and social security | 45 | - | €352 | +€352 | |
| Taxes | 450/3 | - | €352 | +€352 | |
| Other amounts payable | 47/48 | €703,682 | €604,509 | -€99,174 | -14.1% |
| Accrued charges and deferred income | 492/3 | €1,586 | €21,503 | +€19,918 | +1256.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,267 | €69,166 | +€7,898 | +12.9% |
| Other operating charges | 640/8 | €5,323 | €42,457 | +€37,133 | +697.6% |
| Gross operating margin | 9900 | €227,348 | €209,238 | -€18,110 | -8.0% |
| Operating profit (loss) | 9901 | €160,758 | €97,616 | -€63,142 | -39.3% |
| Financial income | 75/76B | €250,000 | €214,426 | -€35,574 | -14.2% |
| Recurring financial income | 75 | €250,000 | €214,426 | -€35,574 | -14.2% |
| Financial charges | 65/66B | €10,375 | €38,448 | +€28,073 | +270.6% |
| Recurring financial charges | 65 | €10,375 | €38,448 | +€28,073 | +270.6% |
| Profit (loss) for the period before taxes | 9903 | €400,382 | €273,594 | -€126,789 | -31.7% |
| Income taxes | 67/77 | €317 | €352 | +€36 | +11.3% |
| Profit (loss) for the period | 9904 | €400,066 | €273,241 | -€126,824 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €400,066 | €273,241 | -€126,824 | -31.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.