WEVER & DUCRÉ: 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.
What changed
WEVER & DUCRÉ
NACE 74.112, Other professional, scientific and technical activities
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€3.4m
2025 · €2.4m+€963,137
Equity
€16.5m
2025 · €14.1m+€2.4m
Cash
€788,040
2025 · €1.3m-€556,227
Balance sheet total
€35.2m
2025 · €31.4m+€3.8m
Largest movements
Assets
- Stocks and contracts +€5.9m
up €5.9m (+38.7%), from €15.3m to €21.2m
- Receivables within one year -€672,004
down €672,004 (-7.7%), from €8.7m to €8.0m
of which Trade receivables: -€419,302
- Tangible fixed assets -€580,151
down €580,151 (-15.0%), from €3.9m to €3.3m
- Cash -€556,227
down €556,227 (-41.4%), from €1.3m to €788,040
mainly Stocks and contracts (-€5.9m) and Contributions, distributions and other (-€1.0m)
Equity and liabilities
- Profit (loss) carried forward +€2.4m
up €2.4m (+17.6%), from €13.6m to €16.0m
- Trade debts +€1.3m
up €1.3m (+17.7%), from €7.1m to €8.4m
- Other debts +€999,920
up €999,920 (+14.8%), from €6.7m to €7.7m
- Short-term financial debts -€600,000
down €600,000 (-100%), from €600,000 to €0
Income statement
- Turnover +€2.3m
up €2.3m (+4.0%), from €58.2m to €60.6m
- Services and other goods +€1.4m
up €1.4m (+5.3%), from €26.5m to €27.9m
From the 2025 result to the 2026 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 2025
€2.4m
Turnover
+€2.3m
Other operating income
+€77,246
Goods and materials
+€518,154
Services and other goods
-€1.4m
Staff costs
+€232,051
Depreciation
-€170,828
Write-downs
+€31,256
Other operating charges
-€17,596
Other operating items
-€309,843
Financial income
-€60,991
Financial charges
+€70,670
Taxes
-€349,234
Result 2026
€3.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.4m
Investment
-€207,647
Financing
-€1.8m
Cash 2025
€1.3m
From operations (derived)
+€1.4m
Net result for the year
+€3.4m
Depreciation
+€1.1m
Stocks and contracts
-€5.9m
Receivables within one year
+€672,004
Deferred charges and accrued income
+€45,654
Trade debts
+€1.3m
Tax, wage and social debts
-€12,061
Other debts
+€999,920
Accrued charges and deferred income
-€72,990
Investment (derived)
-€207,647
Investment in fixed assets (net)
-€207,647
Financing
-€1.8m
Debts after one year
-€175,992
Short-term financial debts
-€600,000
Contributions, distributions and other
-€1.0m
Cash 2026
€788,040
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,427,967 | €35,227,515 | +€3.8m | +12.1% |
| Fixed assets | 21/28 | €5,965,563 | €5,117,174 | -€848,389 | -14.2% |
| Intangible fixed assets | 21 | €1,890,590 | €1,622,352 | -€268,238 | -14.2% |
| Tangible fixed assets | 22/27 | €3,857,454 | €3,277,303 | -€580,151 | -15.0% |
| Plant, machinery and equipment | 23 | €2,378,994 | €2,089,598 | -€289,395 | -12.2% |
| Furniture and vehicles | 24 | €167,269 | €98,567 | -€68,702 | -41.1% |
| Other tangible fixed assets | 26 | €1,311,192 | €1,089,138 | -€222,054 | -16.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €217,519 | €217,519 | = | 0.0% |
| Other financial fixed assets | 284/8 | €217,519 | €217,519 | = | 0.0% |
| Shares | 284 | €300 | €300 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €217,219 | €217,219 | = | 0.0% |
| Current assets | 29/58 | €25,462,404 | €30,110,341 | +€4.6m | +18.3% |
| Stocks and contracts in progress | 3 | €15,303,196 | €21,225,018 | +€5.9m | +38.7% |
| Stocks | 30/36 | €15,303,196 | €21,225,018 | +€5.9m | +38.7% |
| Goods purchased for resale | 34 | €15,146,067 | €21,225,018 | +€6.1m | +40.1% |
| Advance payments | 36 | €157,129 | €0 | -€157,129 | -100% |
| Amounts receivable within one year | 40/41 | €8,697,763 | €8,025,760 | -€672,004 | -7.7% |
| Trade receivables | 40 | €7,787,374 | €7,368,072 | -€419,302 | -5.4% |
| Other amounts receivable | 41 | €910,389 | €657,688 | -€252,701 | -27.8% |
| Cash at bank and in hand | 54/58 | €1,344,266 | €788,040 | -€556,227 | -41.4% |
| Deferred charges and accrued income | 490/1 | €117,179 | €71,525 | -€45,654 | -39.0% |
| Total equity and liabilities | 10/49 | €31,427,967 | €35,227,515 | +€3.8m | +12.1% |
| Equity | 10/15 | €14,140,053 | €16,536,870 | +€2.4m | +17.0% |
| Contributions | 10/11 | €435,000 | €435,000 | = | 0.0% |
| Reserves | 13 | €43,500 | €43,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €43,500 | €43,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,624,413 | €16,028,605 | +€2.4m | +17.6% |
| Investment grants | 15 | €37,141 | €29,765 | -€7,376 | -19.9% |
| Amounts payable | 17/49 | €17,287,914 | €18,690,645 | +€1.4m | +8.1% |
| Amounts payable after more than one year | 17 | €1,584,008 | €1,408,016 | -€175,992 | -11.1% |
| Financial debts | 170/4 | €1,584,008 | €1,408,016 | -€175,992 | -11.1% |
| Credit institutions | 173 | €1,584,008 | €1,408,016 | -€175,992 | -11.1% |
| Amounts payable within one year | 42/48 | €15,447,011 | €17,098,725 | +€1.7m | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €175,992 | €175,992 | = | 0.0% |
| Financial debts | 43 | €600,000 | €0 | -€600,000 | -100% |
| Credit institutions | 430/8 | €600,000 | €0 | -€600,000 | -100% |
| Trade debts | 44 | €7,132,402 | €8,396,257 | +€1.3m | +17.7% |
| Suppliers | 440/4 | €7,132,402 | €8,396,257 | +€1.3m | +17.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €789,502 | €777,442 | -€12,061 | -1.5% |
| Taxes | 450/3 | €60,922 | €58,097 | -€2,826 | -4.6% |
| Remuneration and social security | 454/9 | €728,580 | €719,345 | -€9,235 | -1.3% |
| Other amounts payable | 47/48 | €6,749,115 | €7,749,034 | +€999,920 | +14.8% |
| Accrued charges and deferred income | 492/3 | €256,894 | €183,904 | -€72,990 | -28.4% |
| Operating income | 70/76A | €60,256,446 | €62,672,980 | +€2.4m | +4.0% |
| Turnover | 70 | €58,221,227 | €60,560,159 | +€2.3m | +4.0% |
| Other operating income | 74 | €2,035,218 | €2,112,464 | +€77,246 | +3.8% |
| Non-recurring operating income | 76A | - | €357 | +€357 | |
| Operating charges | 60/66A | €56,441,896 | €57,555,737 | +€1.1m | +2.0% |
| Goods for resale, raw materials and consumables | 60 | €22,196,604 | €21,678,450 | -€518,154 | -2.3% |
| Purchases | 600/8 | €19,872,972 | €27,757,401 | +€7.9m | +39.7% |
| Change in stocks: decrease (increase) | 609 | €2,323,632 | -€6,078,951 | -€8.4m | |
| Services and other goods | 61 | €26,481,908 | €27,878,586 | +€1.4m | +5.3% |
| Remuneration, social security and pensions | 62 | €6,564,710 | €6,332,658 | -€232,051 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €885,208 | €1,056,036 | +€170,828 | +19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,850 | €7,594 | -€31,256 | -80.5% |
| Other operating charges | 640/8 | €263,325 | €280,922 | +€17,596 | +6.7% |
| Non-recurring operating charges | 66A | €11,291 | €321,491 | +€310,200 | +2,747% |
| Operating profit (loss) | 9901 | €3,814,550 | €5,117,243 | +€1.3m | +34.2% |
| Financial income | 75/76B | €130,219 | €69,229 | -€60,991 | -46.8% |
| Recurring financial income | 75 | €130,219 | €69,229 | -€60,991 | -46.8% |
| Income from current assets | 751 | €94,552 | €48,437 | -€46,115 | -48.8% |
| Other financial income | 752/9 | €35,667 | €20,792 | -€14,875 | -41.7% |
| Financial charges | 65/66B | €648,444 | €577,775 | -€70,670 | -10.9% |
| Recurring financial charges | 65 | €648,444 | €577,775 | -€70,670 | -10.9% |
| Debt charges | 650 | €519,500 | €438,288 | -€81,212 | -15.6% |
| Other financial charges | 652/9 | €128,944 | €139,486 | +€10,542 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €3,296,325 | €4,608,697 | +€1.3m | +39.8% |
| Income taxes | 67/77 | €855,271 | €1,204,505 | +€349,234 | +40.8% |
| Taxes | 670/3 | €855,271 | €1,204,505 | +€349,234 | +40.8% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €2,441,055 | €3,404,192 | +€963,137 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,441,055 | €3,404,192 | +€963,137 | +39.5% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.