WERTI: 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.
WERTI
Largest movements
- Receivables within one year +€534,089
up €534,089 (+82.1%), from €650,378 to €1.2m
of which Other amounts receivable: +€534,089
- Cash -€382,019
down €382,019 (-21.5%), from €1.8m to €1.4m
mainly Receivables within one year (-€534,089)
- Receivables after one year -€91,000
down €91,000 (-4.0%), from €2.3m to €2.2m
- Profit (loss) carried forward +€57,671
up €57,671 (+6.4%), from €897,880 to €955,551
- Gross operating margin +€20,748
up €20,748 (+77.2%), from -€26,889 to -€6,141
- Financial income -€14,377
down €14,377 (-13.9%), from €103,062 to €88,685
- Other operating charges -€1,659
down €1,659 (-96.4%), from €1,721 to €62
- Taxes +€1,623
up €1,623 (+8.6%), from €18,926 to €20,549
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 | €4,699,801 | €4,760,871 | +€61,070 | +1.3% |
| Current assets | 29/58 | €4,699,801 | €4,760,871 | +€61,070 | +1.3% |
| Amounts receivable after more than one year | 29 | €2,270,000 | €2,179,000 | -€91,000 | -4.0% |
| Other amounts receivable | 291 | €2,270,000 | €2,179,000 | -€91,000 | -4.0% |
| Amounts receivable within one year | 40/41 | €650,378 | €1,184,467 | +€534,089 | +82.1% |
| Trade receivables | 40 | €20,441 | €20,441 | = | 0.0% |
| Other amounts receivable | 41 | €629,937 | €1,164,026 | +€534,089 | +84.8% |
| Cash at bank and in hand | 54/58 | €1,779,423 | €1,397,404 | -€382,019 | -21.5% |
| Total equity and liabilities | 10/49 | €4,699,801 | €4,760,871 | +€61,070 | +1.3% |
| Equity | 10/15 | €4,064,778 | €4,122,449 | +€57,671 | +1.4% |
| Contributions | 10/11 | €68,286 | €68,286 | = | 0.0% |
| Capital | 10 | €68,286 | €68,286 | = | 0.0% |
| Issued capital | 100 | €68,286 | €68,286 | = | 0.0% |
| Reserves | 13 | €3,098,612 | €3,098,612 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,829 | €6,829 | = | 0.0% |
| Legal reserve | 130 | €6,829 | €6,829 | = | 0.0% |
| Distributable reserves | 133 | €3,091,783 | €3,091,783 | = | 0.0% |
| Profit (loss) carried forward | 14 | €897,880 | €955,551 | +€57,671 | +6.4% |
| Provisions and deferred taxes | 16 | €620,000 | €620,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €620,000 | €620,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €620,000 | €620,000 | = | 0.0% |
| Amounts payable | 17/49 | €15,023 | €18,422 | +€3,399 | +22.6% |
| Amounts payable within one year | 42/48 | €15,023 | €18,422 | +€3,399 | +22.6% |
| Trade debts | 44 | €6,353 | €6,353 | = | 0.0% |
| Suppliers | 440/4 | €6,353 | €6,353 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,670 | €12,069 | +€3,399 | +39.2% |
| Taxes | 450/3 | €8,670 | €12,069 | +€3,399 | +39.2% |
| Other operating charges | 640/8 | €1,721 | €62 | -€1,659 | -96.4% |
| Gross operating margin | 9900 | -€26,889 | -€6,141 | +€20,748 | +77.2% |
| Operating profit (loss) | 9901 | -€28,610 | -€6,203 | +€22,407 | +78.3% |
| Financial income | 75/76B | €103,062 | €88,685 | -€14,377 | -13.9% |
| Recurring financial income | 75 | €103,062 | €88,685 | -€14,377 | -13.9% |
| Financial charges | 65/66B | €4,187 | €4,262 | +€74 | +1.8% |
| Recurring financial charges | 65 | €4,187 | €4,262 | +€74 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €70,265 | €78,220 | +€7,955 | +11.3% |
| Income taxes | 67/77 | €18,926 | €20,549 | +€1,623 | +8.6% |
| Profit (loss) for the period | 9904 | €51,339 | €57,671 | +€6,332 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,339 | €57,671 | +€6,332 | +12.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.