WERVELEND: 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.
WERVELEND
Largest movements
- Cash +€45,573
up €45,573 (+46.8%), from €97,407 to €142,980
mainly Other debts (+€111,823) and Current investments (+€23,444)
- Current investments -€23,444
down €23,444 (-55.2%), from €42,500 to €19,056
- Reserves -€113,876
down €113,876 (-77.0%), from €147,823 to €33,947
- Other debts +€111,823
up €111,823 (+5601.8%), from €1,996 to €113,819
- Tax, wage and social debts +€16,294
up €16,294 (+708.5%), from €2,300 to €18,594
- Accrued charges and deferred income +€4,253
up €4,253 (+38.0%), from €11,184 to €15,437
- Gross operating margin +€6,902
up €6,902 (+41.5%), from €16,620 to €23,522
- Taxes +€2,448
up €2,448 (+145.4%), from €1,684 to €4,132
- Depreciation -€1,456
down €1,456 (-19.8%), from €7,350 to €5,894
- Financial charges -€459
down €459 (-13.1%), from €3,495 to €3,036
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 | €167,475 | €187,065 | +€19,590 | +11.7% |
| Fixed assets | 21/28 | €18,732 | €17,808 | -€924 | -4.9% |
| Intangible fixed assets | 21 | €1,504 | €880 | -€624 | -41.5% |
| Tangible fixed assets | 22/27 | €17,228 | €16,928 | -€300 | -1.7% |
| Land and buildings | 22 | €12,000 | €10,500 | -€1,500 | -12.5% |
| Plant, machinery and equipment | 23 | €3,228 | €6,428 | +€3,200 | +99.1% |
| Furniture and vehicles | 24 | €2,000 | €0 | -€2,000 | -100.0% |
| Current assets | 29/58 | €148,743 | €169,257 | +€20,514 | +13.8% |
| Amounts receivable within one year | 40/41 | €7,204 | €5,584 | -€1,620 | -22.5% |
| Trade receivables | 40 | €3,762 | €1,345 | -€2,418 | -64.3% |
| Other amounts receivable | 41 | €3,442 | €4,239 | +€797 | +23.2% |
| Current investments | 50/53 | €42,500 | €19,056 | -€23,444 | -55.2% |
| Cash at bank and in hand | 54/58 | €97,407 | €142,980 | +€45,573 | +46.8% |
| Deferred charges and accrued income | 490/1 | €1,631 | €1,638 | +€6 | +0.4% |
| Total equity and liabilities | 10/49 | €167,475 | €187,065 | +€19,590 | +11.7% |
| Equity | 10/15 | €150,823 | €36,947 | -€113,876 | -75.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €147,823 | €33,947 | -€113,876 | -77.0% |
| Distributable reserves | 133 | €147,823 | €33,947 | -€113,876 | -77.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €16,652 | €150,118 | +€133,466 | +801.5% |
| Amounts payable within one year | 42/48 | €5,468 | €134,681 | +€129,213 | +2363.1% |
| Trade debts | 44 | €1,172 | €2,268 | +€1,096 | +93.5% |
| Suppliers | 440/4 | €1,172 | €2,268 | +€1,096 | +93.5% |
| Taxes, remuneration and social security | 45 | €2,300 | €18,594 | +€16,294 | +708.5% |
| Taxes | 450/3 | €2,300 | €18,594 | +€16,294 | +708.5% |
| Other amounts payable | 47/48 | €1,996 | €113,819 | +€111,823 | +5601.8% |
| Accrued charges and deferred income | 492/3 | €11,184 | €15,437 | +€4,253 | +38.0% |
| Remuneration, social security and pensions | 62 | €260 | €276 | +€16 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,350 | €5,894 | -€1,456 | -19.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €16,620 | €23,522 | +€6,902 | +41.5% |
| Operating profit (loss) | 9901 | €8,505 | €16,833 | +€8,327 | +97.9% |
| Financial income | 75/76B | €191 | €422 | +€232 | +121.4% |
| Recurring financial income | 75 | €191 | €422 | +€232 | +121.4% |
| Financial charges | 65/66B | €3,495 | €3,036 | -€459 | -13.1% |
| Recurring financial charges | 65 | €3,495 | €3,036 | -€459 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €5,201 | €14,219 | +€9,018 | +173.4% |
| Income taxes | 67/77 | €1,684 | €4,132 | +€2,448 | +145.4% |
| Profit (loss) for the period | 9904 | €3,517 | €10,087 | +€6,570 | +186.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,517 | €10,087 | +€6,570 | +186.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.