Wherco: 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.
Wherco
Largest movements
- Cash -€264,061
down €264,061 (-31.1%), from €849,761 to €585,700
mainly Receivables after one year (-€177,574) and Current investments (-€88,355)
- Receivables after one year +€177,574
up €177,574 (+29.7%), from €597,227 to €774,801
- Current investments +€88,355
up €88,355 (+4.2%), from €2.1m to €2.2m
- Reserves +€77,429
up €77,429 (+2.4%), from €3.2m to €3.3m
of which Distributable reserves: +€77,429
- Other debts -€66,788
down €66,788 (-15.5%), from €429,508 to €362,720
- Gross operating margin -€297,177
down €297,177, from €293,698 to -€3,479
- Financial income +€8,418
up €8,418 (+11.0%), from €76,542 to €84,960
- Taxes +€7,453
up €7,453 (+44.8%), from €16,639 to €24,091
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 | €3,848,239 | €3,835,545 | -€12,693 | -0.3% |
| Fixed assets | 21/28 | €277,506 | €277,506 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €277,506 | €277,506 | = | 0.0% |
| Current assets | 29/58 | €3,570,733 | €3,558,039 | -€12,693 | -0.4% |
| Amounts receivable after more than one year | 29 | €597,227 | €774,801 | +€177,574 | +29.7% |
| Other amounts receivable | 291 | €597,227 | €774,801 | +€177,574 | +29.7% |
| Amounts receivable within one year | 40/41 | €14,938 | €376 | -€14,562 | -97.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €14,938 | €376 | -€14,562 | -97.5% |
| Current investments | 50/53 | €2,108,807 | €2,197,162 | +€88,355 | +4.2% |
| Cash at bank and in hand | 54/58 | €849,761 | €585,700 | -€264,061 | -31.1% |
| Total equity and liabilities | 10/49 | €3,848,239 | €3,835,545 | -€12,693 | -0.3% |
| Equity | 10/15 | €3,246,806 | €3,299,306 | +€52,500 | +1.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €3,201,417 | €3,278,846 | +€77,429 | +2.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €479,017 | €479,017 | = | 0.0% |
| Distributable reserves | 133 | €2,722,400 | €2,799,829 | +€77,429 | +2.8% |
| Profit (loss) carried forward | 14 | €24,929 | €0 | -€24,929 | -100.0% |
| Provisions and deferred taxes | 16 | €158,240 | €158,240 | = | 0.0% |
| Deferred taxes | 168 | €158,240 | €158,240 | = | 0.0% |
| Amounts payable | 17/49 | €443,193 | €378,000 | -€65,193 | -14.7% |
| Amounts payable within one year | 42/48 | €432,193 | €378,000 | -€54,193 | -12.5% |
| Financial debts | 43 | €784 | €512 | -€273 | -34.8% |
| Credit institutions | 430/8 | €784 | €512 | -€273 | -34.8% |
| Trade debts | 44 | €1,900 | €1,841 | -€60 | -3.2% |
| Suppliers | 440/4 | €1,900 | €1,841 | -€60 | -3.2% |
| Taxes, remuneration and social security | 45 | €0 | €12,927 | +€12,927 | |
| Taxes | 450/3 | €0 | €12,927 | +€12,927 | |
| Other amounts payable | 47/48 | €429,508 | €362,720 | -€66,788 | -15.5% |
| Accrued charges and deferred income | 492/3 | €11,000 | €0 | -€11,000 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,453 | €1,225 | -€228 | -15.7% |
| Gross operating margin | 9900 | €293,698 | -€3,479 | -€297,177 | |
| Operating profit (loss) | 9901 | €292,245 | -€4,705 | -€296,949 | |
| Financial income | 75/76B | €76,542 | €84,960 | +€8,418 | +11.0% |
| Recurring financial income | 75 | €76,542 | €84,960 | +€8,418 | +11.0% |
| Financial charges | 65/66B | €2,429 | €3,664 | +€1,235 | +50.8% |
| Recurring financial charges | 65 | €2,429 | €3,664 | +€1,235 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €366,357 | €76,591 | -€289,766 | -79.1% |
| Transfer to deferred taxes | 680 | €78,075 | €0 | -€78,075 | -100.0% |
| Income taxes | 67/77 | €16,639 | €24,091 | +€7,453 | +44.8% |
| Profit (loss) for the period | 9904 | €271,644 | €52,500 | -€219,144 | -80.7% |
| Transfer to tax-exempt reserves | 689 | €234,225 | €0 | -€234,225 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,419 | €52,500 | +€15,081 | +40.3% |
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 5 October 2026 via checked.be.