WERVO: 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.
WERVO
Largest movements
- Current investments +€140,000
new in 2025: €140,000
- Cash -€101,404
down €101,404 (-98.6%), from €102,800 to €1,396
mainly Current investments (-€140,000) and Net result for the year (-€1,121)
- Receivables within one year -€38,530
down €38,530 (-92.2%), from €41,795 to €3,265
of which Other amounts receivable: -€38,092
- Reserves -€105,598
down €105,598 (-77.1%), from €137,038 to €31,440
of which Distributable reserves: -€105,597
- Profit (loss) carried forward +€104,476
up €104,476, from -€104,476 to €0
- Financial income -€3,841
down €3,841 (-61.7%), from €6,224 to €2,383
- Gross operating margin +€2,540
up €2,540 (+61.1%), from -€4,155 to -€1,615
- Other operating charges +€1,180
new in 2025: €1,180
- Financial charges +€93
up €93 (+15.1%), from €616 to €709
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 | €144,595 | €144,660 | +€65 | 0.0% |
| Current assets | 29/58 | €144,595 | €144,660 | +€65 | 0.0% |
| Amounts receivable within one year | 40/41 | €41,795 | €3,265 | -€38,530 | -92.2% |
| Trade receivables | 40 | €438 | €0 | -€438 | -100% |
| Other amounts receivable | 41 | €41,357 | €3,265 | -€38,092 | -92.1% |
| Current investments | 50/53 | - | €140,000 | +€140,000 | |
| Cash at bank and in hand | 54/58 | €102,800 | €1,396 | -€101,404 | -98.6% |
| Total equity and liabilities | 10/49 | €144,595 | €144,660 | +€65 | 0.0% |
| Equity | 10/15 | €144,562 | €143,440 | -€1,122 | -0.8% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Capital | 10 | €112,000 | €112,000 | = | 0.0% |
| Issued capital | 100 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €137,038 | €31,440 | -€105,598 | -77.1% |
| Non-distributable reserves | 130/1 | €11,200 | €11,200 | = | 0.0% |
| Legal reserve | 130 | - | €11,200 | +€11,200 | |
| Reserves not available under the articles | 1311 | €11,200 | - | -€11,200 | |
| Tax-exempt reserves | 132 | €372 | €372 | -€0 | 0.0% |
| Distributable reserves | 133 | €125,466 | €19,869 | -€105,597 | -84.2% |
| Profit (loss) carried forward | 14 | -€104,476 | €0 | +€104,476 | |
| Amounts payable | 17/49 | €33 | €1,220 | +€1,187 | +3,597% |
| Amounts payable within one year | 42/48 | €33 | €1,105 | +€1,072 | +3,249% |
| Taxes, remuneration and social security | 45 | €33 | €218 | +€185 | +561% |
| Taxes | 450/3 | €33 | €218 | +€185 | +561% |
| Other amounts payable | 47/48 | - | €887 | +€887 | |
| Accrued charges and deferred income | 492/3 | - | €115 | +€115 | |
| Other operating charges | 640/8 | - | €1,180 | +€1,180 | |
| Gross operating margin | 9900 | -€4,155 | -€1,615 | +€2,540 | +61.1% |
| Operating profit (loss) | 9901 | -€4,155 | -€2,795 | +€1,360 | +32.7% |
| Financial income | 75/76B | €6,224 | €2,383 | -€3,841 | -61.7% |
| Recurring financial income | 75 | €6,224 | €2,383 | -€3,841 | -61.7% |
| Financial charges | 65/66B | €616 | €709 | +€93 | +15.1% |
| Recurring financial charges | 65 | €616 | €709 | +€93 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €1,453 | -€1,121 | -€2,574 | |
| Profit (loss) for the period | 9904 | €1,453 | -€1,121 | -€2,574 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,453 | -€1,121 | -€2,574 |
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 17 October 2026 via checked.be.