WERTZ GROUP: 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.
WERTZ GROUP
Largest movements
- Tangible fixed assets -€61,524
down €61,524 (-7.9%), from €781,255 to €719,731
of which Land and buildings: -€55,394
- Cash +€21,956
up €21,956 (+352%), from €6,237 to €28,193
mainly Depreciation (+€61,524) and Accrued charges and deferred income (+€13,990)
- Debts after one year -€44,622
down €44,622 (-8.0%), from €557,391 to €512,770
- Accrued charges and deferred income +€13,990
up €13,990 (+5,317%), from €263 to €14,253
- Other debts -€12,981
down €12,981 (-71.1%), from €18,253 to €5,272
- Gross operating margin +€35,414
up €35,414 (+46.4%), from €76,286 to €111,701
- Staff costs +€31,264
new in 2025: €31,264
- Depreciation +€5,405
up €5,405 (+9.6%), from €56,119 to €61,524
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 | €792,044 | €750,381 | -€41,663 | -5.3% |
| Fixed assets | 21/28 | €781,618 | €720,094 | -€61,524 | -7.9% |
| Tangible fixed assets | 22/27 | €781,255 | €719,731 | -€61,524 | -7.9% |
| Land and buildings | 22 | €761,096 | €705,702 | -€55,394 | -7.3% |
| Furniture and vehicles | 24 | €18,149 | €12,550 | -€5,599 | -30.9% |
| Other tangible fixed assets | 26 | €2,010 | €1,479 | -€531 | -26.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €10,426 | €30,287 | +€19,861 | +190% |
| Amounts receivable within one year | 40/41 | €3,836 | €661 | -€3,176 | -82.8% |
| Trade receivables | 40 | €3,836 | €661 | -€3,176 | -82.8% |
| Cash at bank and in hand | 54/58 | €6,237 | €28,193 | +€21,956 | +352% |
| Deferred charges and accrued income | 490/1 | €353 | €1,434 | +€1,081 | +306% |
| Total equity and liabilities | 10/49 | €792,044 | €750,381 | -€41,663 | -5.3% |
| Equity | 10/15 | €161,361 | €159,736 | -€1,625 | -1.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,061 | €34,436 | -€1,625 | -4.5% |
| Amounts payable | 17/49 | €630,684 | €590,645 | -€40,039 | -6.3% |
| Amounts payable after more than one year | 17 | €557,391 | €512,770 | -€44,622 | -8.0% |
| Financial debts | 170/4 | €557,391 | €512,770 | -€44,622 | -8.0% |
| Amounts payable within one year | 42/48 | €73,029 | €63,622 | -€9,407 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €43,935 | €44,622 | +€686 | +1.6% |
| Financial debts | 43 | €1,603 | €4,398 | +€2,795 | +174% |
| Credit institutions | 430/8 | €1,603 | €4,398 | +€2,795 | +174% |
| Trade debts | 44 | €3,548 | €2,144 | -€1,404 | -39.6% |
| Suppliers | 440/4 | €3,548 | €2,144 | -€1,404 | -39.6% |
| Taxes, remuneration and social security | 45 | €5,690 | €7,186 | +€1,497 | +26.3% |
| Taxes | 450/3 | €5,690 | €5,131 | -€559 | -9.8% |
| Remuneration and social security | 454/9 | - | €2,055 | +€2,055 | |
| Other amounts payable | 47/48 | €18,253 | €5,272 | -€12,981 | -71.1% |
| Accrued charges and deferred income | 492/3 | €263 | €14,253 | +€13,990 | +5,317% |
| Non-recurring operating income | 76A | €250 | - | -€250 | |
| Remuneration, social security and pensions | 62 | - | €31,264 | +€31,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,119 | €61,524 | +€5,405 | +9.6% |
| Other operating charges | 640/8 | €10,720 | €11,053 | +€333 | +3.1% |
| Non-recurring operating charges | 66A | €2,919 | - | -€2,919 | |
| Gross operating margin | 9900 | €76,286 | €111,701 | +€35,414 | +46.4% |
| Operating profit (loss) | 9901 | €6,528 | €7,859 | +€1,330 | +20.4% |
| Financial income | 75/76B | €25 | €0 | -€25 | -99.2% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -99.2% |
| Financial charges | 65/66B | €9,340 | €9,484 | +€144 | +1.5% |
| Recurring financial charges | 65 | €9,340 | €9,484 | +€144 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,786 | -€1,625 | +€1,162 | +41.7% |
| Profit (loss) for the period | 9904 | -€2,786 | -€1,625 | +€1,162 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,786 | -€1,625 | +€1,162 | +41.7% |
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 29 October 2026 via checked.be.