WERVIMMO: 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.
What changed
WERVIMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€659,650
2024 · €512,018+€147,631
Equity
€5.2m
2024 · €4.6m+€533,250
Cash
€147,992
2024 · €132,245+€15,747
Balance sheet total
€14.1m
2024 · €14.3m-€215,388
Largest movements
Assets
- Tangible fixed assets -€265,643
down €265,643 (-1.9%), from €14.0m to €13.8m
of which Land and buildings: -€270,460
Equity and liabilities
- Debts after one year -€869,257
down €869,257 (-10.1%), from €8.6m to €7.8m
of which Financial debts: -€841,505
- Reserves +€533,250
up €533,250 (+13.1%), from €4.1m to €4.6m
of which Distributable reserves: +€543,295
Income statement
- Gross operating margin +€284,670
up €284,670 (+19.5%), from €1.5m to €1.7m
- Taxes +€46,365
up €46,365 (+26.7%), from €173,865 to €220,230
- Depreciation +€42,581
up €42,581 (+14.9%), from €286,206 to €328,788
- Financial charges +€41,866
up €41,866 (+14.2%), from €295,473 to €337,338
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.
Result 2024
€512,018
Gross operating margin
+€284,670
Depreciation
-€42,581
Write-downs
-€1,059
Other operating charges
+€2,791
Financial income
-€2,255
Financial charges
-€41,866
Taxes
-€46,365
Deferred taxes and other
-€5,705
Result 2025
€659,650
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.
From operations
+€1.0m
Investment
-€63,145
Financing
-€969,664
Cash 2024
€132,245
From operations (derived)
+€1.0m
Net result for the year
+€659,650
Depreciation
+€328,788
Receivables within one year
-€18,888
Deferred charges and accrued income
-€15,621
Provisions
-€5,173
Trade debts
+€7,100
Tax, wage and social debts
+€46,643
Accrued charges and deferred income
+€46,056
Investment (derived)
-€63,145
Investment in fixed assets (net)
-€63,145
Financing
-€969,664
Debts after one year
-€869,257
Current portion of long-term debt
+€29,598
Short-term financial debts
-€3,606
Contributions, distributions and other
-€126,400
Cash 2025
€147,992
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,282,443 | €14,067,055 | -€215,388 | -1.5% |
| Fixed assets | 21/28 | €14,032,572 | €13,766,929 | -€265,643 | -1.9% |
| Tangible fixed assets | 22/27 | €14,032,572 | €13,766,929 | -€265,643 | -1.9% |
| Land and buildings | 22 | €13,974,276 | €13,703,816 | -€270,460 | -1.9% |
| Plant, machinery and equipment | 23 | €45,510 | €35,470 | -€10,040 | -22.1% |
| Furniture and vehicles | 24 | €12,786 | €27,643 | +€14,857 | +116.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €249,871 | €300,126 | +€50,255 | +20.1% |
| Amounts receivable within one year | 40/41 | €19,618 | €38,505 | +€18,888 | +96.3% |
| Trade receivables | 40 | €13,368 | €38,505 | +€25,138 | +188.0% |
| Other amounts receivable | 41 | €6,250 | €0 | -€6,250 | -100.0% |
| Cash at bank and in hand | 54/58 | €132,245 | €147,992 | +€15,747 | +11.9% |
| Deferred charges and accrued income | 490/1 | €98,008 | €113,629 | +€15,621 | +15.9% |
| Total equity and liabilities | 10/49 | €14,282,443 | €14,067,055 | -€215,388 | -1.5% |
| Equity | 10/15 | €4,626,356 | €5,159,605 | +€533,250 | +11.5% |
| Contributions | 10/11 | €545,226 | €545,226 | = | 0.0% |
| Capital | 10 | €545,000 | €545,000 | = | 0.0% |
| Issued capital | 100 | €545,000 | €545,000 | = | 0.0% |
| Outside capital | 11 | €226 | €226 | = | 0.0% |
| Share premium | 1100/10 | €226 | €226 | = | 0.0% |
| Reserves | 13 | €4,081,130 | €4,614,379 | +€533,250 | +13.1% |
| Non-distributable reserves | 130/1 | €54,500 | €54,500 | = | 0.0% |
| Legal reserve | 130 | €54,500 | €54,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,962 | €32,917 | -€10,046 | -23.4% |
| Distributable reserves | 133 | €3,983,667 | €4,526,963 | +€543,295 | +13.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €12,469 | €7,296 | -€5,173 | -41.5% |
| Deferred taxes | 168 | €12,469 | €7,296 | -€5,173 | -41.5% |
| Amounts payable | 17/49 | €9,643,619 | €8,900,154 | -€743,465 | -7.7% |
| Amounts payable after more than one year | 17 | €8,635,444 | €7,766,187 | -€869,257 | -10.1% |
| Financial debts | 170/4 | €6,944,892 | €6,103,387 | -€841,505 | -12.1% |
| Other amounts payable | 178/9 | €1,690,551 | €1,662,800 | -€27,752 | -1.6% |
| Amounts payable within one year | 42/48 | €905,808 | €985,544 | +€79,736 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €804,351 | €833,949 | +€29,598 | +3.7% |
| Financial debts | 43 | €56,727 | €53,121 | -€3,606 | -6.4% |
| Credit institutions | 430/8 | €56,727 | €53,121 | -€3,606 | -6.4% |
| Trade debts | 44 | €4,445 | €11,545 | +€7,100 | +159.7% |
| Suppliers | 440/4 | €4,445 | €11,545 | +€7,100 | +159.7% |
| Taxes, remuneration and social security | 45 | €40,286 | €86,929 | +€46,643 | +115.8% |
| Taxes | 450/3 | €40,286 | €86,929 | +€46,643 | +115.8% |
| Accrued charges and deferred income | 492/3 | €102,367 | €148,423 | +€46,056 | +45.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €286,206 | €328,788 | +€42,581 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,059 | +€1,059 | |
| Other operating charges | 640/8 | €209,800 | €207,008 | -€2,791 | -1.3% |
| Gross operating margin | 9900 | €1,462,416 | €1,747,086 | +€284,670 | +19.5% |
| Operating profit (loss) | 9901 | €966,410 | €1,210,231 | +€243,821 | +25.2% |
| Financial income | 75/76B | €4,069 | €1,815 | -€2,255 | -55.4% |
| Recurring financial income | 75 | €4,069 | €1,815 | -€2,255 | -55.4% |
| Financial charges | 65/66B | €295,473 | €337,338 | +€41,866 | +14.2% |
| Recurring financial charges | 65 | €295,473 | €337,338 | +€41,866 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €675,007 | €874,707 | +€199,701 | +29.6% |
| Transfer from deferred taxes | 780 | €10,877 | €5,173 | -€5,705 | -52.4% |
| Income taxes | 67/77 | €173,865 | €220,230 | +€46,365 | +26.7% |
| Profit (loss) for the period | 9904 | €512,018 | €659,650 | +€147,631 | +28.8% |
| Transfer from tax-exempt reserves | 789 | €21,124 | €10,046 | -€11,079 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €533,143 | €669,695 | +€136,552 | +25.6% |
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 3 October 2026 via checked.be.