WERUS: 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.
WERUS
Largest movements
- Cash -€18,899
down €18,899 (-49.7%), from €38,026 to €19,127
mainly Net result for the year (-€20,841) and Contributions, distributions and other (-€8,421)
- Receivables within one year -€16,805
down €16,805 (-69.1%), from €24,333 to €7,528
of which Trade receivables: -€19,915
- Tangible fixed assets -€6,151
down €6,151 (-22.3%), from €27,606 to €21,456
of which Land and buildings: -€22,721
- Profit (loss) carried forward -€20,841
new in 2025: -€20,841
- Reserves -€8,421
down €8,421 (-12.3%), from €68,260 to €59,839
- Trade debts -€8,284
down €8,284 (-86.9%), from €9,531 to €1,247
- Other debts -€3,252
down €3,252 (-100%), from €3,252 to €0
- Tax, wage and social debts -€975
down €975 (-25.2%), from €3,872 to €2,897
- Gross operating margin -€24,317
down €24,317, from €11,297 to -€13,020
- Depreciation -€876
down €876 (-12.5%), from €7,027 to €6,151
- Taxes -€284
down €284 (-55.0%), from €516 to €232
- Other operating charges +€257
up €257 (+31.8%), from €808 to €1,064
- Financial charges +€162
up €162 (+75.8%), from €214 to €376
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 | €91,215 | €49,442 | -€41,773 | -45.8% |
| Fixed assets | 21/28 | €27,606 | €21,456 | -€6,151 | -22.3% |
| Tangible fixed assets | 22/27 | €27,606 | €21,456 | -€6,151 | -22.3% |
| Land and buildings | 22 | €22,721 | €0 | -€22,721 | -100% |
| Plant, machinery and equipment | 23 | €3,992 | €2,052 | -€1,941 | -48.6% |
| Furniture and vehicles | 24 | €893 | €553 | -€340 | -38.1% |
| Other tangible fixed assets | 26 | - | €18,851 | +€18,851 | |
| Current assets | 29/58 | €63,609 | €27,986 | -€35,622 | -56.0% |
| Amounts receivable within one year | 40/41 | €24,333 | €7,528 | -€16,805 | -69.1% |
| Trade receivables | 40 | €24,333 | €4,418 | -€19,915 | -81.8% |
| Other amounts receivable | 41 | €0 | €3,110 | +€3,110 | |
| Cash at bank and in hand | 54/58 | €38,026 | €19,127 | -€18,899 | -49.7% |
| Deferred charges and accrued income | 490/1 | €1,250 | €1,331 | +€82 | +6.5% |
| Total equity and liabilities | 10/49 | €91,215 | €49,442 | -€41,773 | -45.8% |
| Equity | 10/15 | €74,560 | €45,298 | -€29,262 | -39.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €68,260 | €59,839 | -€8,421 | -12.3% |
| Distributable reserves | 133 | €68,260 | €59,839 | -€8,421 | -12.3% |
| Profit (loss) carried forward | 14 | - | -€20,841 | -€20,841 | |
| Amounts payable | 17/49 | €16,655 | €4,144 | -€12,511 | -75.1% |
| Amounts payable within one year | 42/48 | €16,655 | €4,144 | -€12,511 | -75.1% |
| Trade debts | 44 | €9,531 | €1,247 | -€8,284 | -86.9% |
| Suppliers | 440/4 | €9,531 | €1,247 | -€8,284 | -86.9% |
| Taxes, remuneration and social security | 45 | €3,872 | €2,897 | -€975 | -25.2% |
| Taxes | 450/3 | €3,872 | €2,897 | -€975 | -25.2% |
| Other amounts payable | 47/48 | €3,252 | €0 | -€3,252 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,027 | €6,151 | -€876 | -12.5% |
| Other operating charges | 640/8 | €808 | €1,064 | +€257 | +31.8% |
| Gross operating margin | 9900 | €11,297 | -€13,020 | -€24,317 | |
| Operating profit (loss) | 9901 | €3,463 | -€20,235 | -€23,698 | |
| Financial income | 75/76B | €2 | €2 | +€0 | +22.6% |
| Recurring financial income | 75 | €2 | €2 | +€0 | +22.6% |
| Financial charges | 65/66B | €214 | €376 | +€162 | +75.8% |
| Recurring financial charges | 65 | €214 | €376 | +€162 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €3,251 | -€20,608 | -€23,860 | |
| Income taxes | 67/77 | €516 | €232 | -€284 | -55.0% |
| Profit (loss) for the period | 9904 | €2,735 | -€20,841 | -€23,576 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,735 | -€20,841 | -€23,576 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.