WERVICKHOVE: 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.
WERVICKHOVE
Largest movements
- Tangible fixed assets -€103,349
down €103,349 (-9.1%), from €1.1m to €1.0m
- Receivables after one year +€47,158
up €47,158 (+8.2%), from €576,771 to €623,929
- Deferred charges and accrued income -€40,817
down €40,817 (-99.2%), from €41,134 to €317
- Other debts +€87,881
up €87,881 (+12.0%), from €733,200 to €821,081
- Debts after one year -€82,362
down €82,362 (-7.7%), from €1.1m to €985,523
of which Financial debts: -€82,362
- Revaluation surpluses -€63,288
down €63,288 (-7.8%), from €806,539 to €743,251
- Reserves +€52,837
up €52,837 (+10.7%), from €495,230 to €548,067
of which Distributable reserves: +€56,609
- Current portion of long-term debt -€45,526
down €45,526 (-26.1%), from €174,260 to €128,735
- Financial income -€306,300
down €306,300 (-86.4%), from €354,688 to €48,388
- Gross operating margin +€24,959
up €24,959 (+22.3%), from €112,098 to €137,057
- Financial charges +€15,948
up €15,948 (+31.7%), from €50,288 to €66,235
- Taxes +€5,384
up €5,384 (+36.4%), from €14,789 to €20,173
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 | €3,409,895 | €3,345,503 | -€64,392 | -1.9% |
| Fixed assets | 21/28 | €2,262,041 | €2,158,692 | -€103,349 | -4.6% |
| Tangible fixed assets | 22/27 | €1,137,041 | €1,033,692 | -€103,349 | -9.1% |
| Land and buildings | 22 | €1,137,041 | €1,033,692 | -€103,349 | -9.1% |
| Financial fixed assets | 28 | €1,125,000 | €1,125,000 | = | 0.0% |
| Current assets | 29/58 | €1,147,854 | €1,186,810 | +€38,956 | +3.4% |
| Amounts receivable after more than one year | 29 | €576,771 | €623,929 | +€47,158 | +8.2% |
| Other amounts receivable | 291 | €576,771 | €623,929 | +€47,158 | +8.2% |
| Amounts receivable within one year | 40/41 | €515,094 | €516,011 | +€917 | +0.2% |
| Other amounts receivable | 41 | €515,094 | €516,011 | +€917 | +0.2% |
| Cash at bank and in hand | 54/58 | €14,855 | €46,554 | +€31,699 | +213% |
| Deferred charges and accrued income | 490/1 | €41,134 | €317 | -€40,817 | -99.2% |
| Total equity and liabilities | 10/49 | €3,409,895 | €3,345,503 | -€64,392 | -1.9% |
| Equity | 10/15 | €1,363,792 | €1,353,341 | -€10,451 | -0.8% |
| Contributions | 10/11 | €62,023 | €62,023 | = | 0.0% |
| Capital | 10 | €62,023 | €62,023 | = | 0.0% |
| Issued capital | 100 | €62,023 | €62,023 | = | 0.0% |
| Revaluation surpluses | 12 | €806,539 | €743,251 | -€63,288 | -7.8% |
| Reserves | 13 | €495,230 | €548,067 | +€52,837 | +10.7% |
| Non-distributable reserves | 130/1 | €6,202 | €6,202 | = | 0.0% |
| Legal reserve | 130 | €6,202 | €6,202 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,276 | €11,503 | -€3,772 | -24.7% |
| Distributable reserves | 133 | €473,752 | €530,361 | +€56,609 | +11.9% |
| Provisions and deferred taxes | 16 | €5,092 | €3,834 | -€1,257 | -24.7% |
| Deferred taxes | 168 | €5,092 | €3,834 | -€1,257 | -24.7% |
| Amounts payable | 17/49 | €2,041,011 | €1,988,327 | -€52,684 | -2.6% |
| Amounts payable after more than one year | 17 | €1,067,885 | €985,523 | -€82,362 | -7.7% |
| Financial debts | 170/4 | €786,635 | €704,273 | -€82,362 | -10.5% |
| Other amounts payable | 178/9 | €281,250 | €281,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €946,197 | €992,232 | +€46,035 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €174,260 | €128,735 | -€45,526 | -26.1% |
| Financial debts | 43 | €10,448 | €12,500 | +€2,052 | +19.6% |
| Credit institutions | 430/8 | €10,448 | €12,500 | +€2,052 | +19.6% |
| Trade debts | 44 | €26,000 | €22,244 | -€3,756 | -14.4% |
| Suppliers | 440/4 | €26,000 | €22,244 | -€3,756 | -14.4% |
| Taxes, remuneration and social security | 45 | €2,289 | €7,673 | +€5,384 | +235% |
| Taxes | 450/3 | €2,289 | €7,673 | +€5,384 | +235% |
| Other amounts payable | 47/48 | €733,200 | €821,081 | +€87,881 | +12.0% |
| Accrued charges and deferred income | 492/3 | €26,929 | €10,572 | -€16,357 | -60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,425 | €103,349 | -€1,076 | -1.0% |
| Other operating charges | 640/8 | €7,164 | €7,396 | +€232 | +3.2% |
| Gross operating margin | 9900 | €112,098 | €137,057 | +€24,959 | +22.3% |
| Operating profit (loss) | 9901 | €509 | €26,312 | +€25,803 | +5,067% |
| Financial income | 75/76B | €354,688 | €48,388 | -€306,300 | -86.4% |
| Recurring financial income | 75 | €354,688 | €48,388 | -€306,300 | -86.4% |
| Financial charges | 65/66B | €50,288 | €66,235 | +€15,948 | +31.7% |
| Recurring financial charges | 65 | €50,288 | €66,235 | +€15,948 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €304,909 | €8,465 | -€296,445 | -97.2% |
| Transfer from deferred taxes | 780 | €1,257 | €1,257 | = | 0.0% |
| Income taxes | 67/77 | €14,789 | €20,173 | +€5,384 | +36.4% |
| Profit (loss) for the period | 9904 | €291,377 | -€10,451 | -€301,828 | |
| Transfer from tax-exempt reserves | 789 | €3,772 | €3,772 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €295,150 | -€6,679 | -€301,828 |
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 27 October 2026 via checked.be.