WIARD FRERES: 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.
WIARD FRERES
Largest movements
- Tangible fixed assets -€18,035
down €18,035 (-29.3%), from €61,537 to €43,502
of which Plant, machinery and equipment: -€9,831
- Cash +€13,012
up €13,012 (+17.0%), from €76,629 to €89,641
mainly Depreciation (+€13,287) and Net result for the year (+€11,634)
- Receivables within one year +€4,903
up €4,903, from €0 to €4,903
of which Other amounts receivable: +€4,200
- Reserves +€11,634
up €11,634 (+7.8%), from €148,530 to €160,164
of which Distributable reserves: +€11,634
- Trade debts -€6,323
down €6,323 (-39.0%), from €16,201 to €9,878
- Current portion of long-term debt -€4,680
down €4,680 (-57.5%), from €8,138 to €3,458
- Other debts +€2,160
up €2,160 (+29.4%), from €7,342 to €9,501
- Gross operating margin -€16,212
down €16,212 (-30.0%), from €54,061 to €37,849
- Depreciation -€6,032
down €6,032 (-31.2%), from €19,318 to €13,287
- Other operating charges +€3,738
up €3,738 (+255%), from €1,467 to €5,205
- Taxes -€2,019
down €2,019 (-20.5%), from €9,856 to €7,837
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 | €197,747 | €199,125 | +€1,378 | +0.7% |
| Fixed assets | 21/28 | €61,537 | €43,502 | -€18,035 | -29.3% |
| Tangible fixed assets | 22/27 | €61,537 | €43,502 | -€18,035 | -29.3% |
| Plant, machinery and equipment | 23 | €42,977 | €33,146 | -€9,831 | -22.9% |
| Furniture and vehicles | 24 | €7,803 | €357 | -€7,446 | -95.4% |
| Other tangible fixed assets | 26 | €10,757 | €9,999 | -€758 | -7.0% |
| Current assets | 29/58 | €136,210 | €155,623 | +€19,413 | +14.3% |
| Stocks and contracts in progress | 3 | €57,943 | €59,256 | +€1,313 | +2.3% |
| Stocks | 30/36 | €57,943 | €59,256 | +€1,313 | +2.3% |
| Amounts receivable within one year | 40/41 | €0 | €4,903 | +€4,903 | |
| Trade receivables | 40 | €0 | €703 | +€703 | |
| Other amounts receivable | 41 | €0 | €4,200 | +€4,200 | |
| Cash at bank and in hand | 54/58 | €76,629 | €89,641 | +€13,012 | +17.0% |
| Deferred charges and accrued income | 490/1 | €1,638 | €1,823 | +€185 | +11.3% |
| Total equity and liabilities | 10/49 | €197,747 | €199,125 | +€1,378 | +0.7% |
| Equity | 10/15 | €160,930 | €172,564 | +€11,634 | +7.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €148,530 | €160,164 | +€11,634 | +7.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,174 | €8,174 | = | 0.0% |
| Distributable reserves | 133 | €138,501 | €150,135 | +€11,634 | +8.4% |
| Amounts payable | 17/49 | €36,817 | €26,561 | -€10,256 | -27.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €36,817 | €26,561 | -€10,256 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €8,138 | €3,458 | -€4,680 | -57.5% |
| Trade debts | 44 | €16,201 | €9,878 | -€6,323 | -39.0% |
| Suppliers | 440/4 | €16,201 | €9,878 | -€6,323 | -39.0% |
| Taxes, remuneration and social security | 45 | €5,137 | €3,724 | -€1,413 | -27.5% |
| Taxes | 450/3 | €5,137 | €3,724 | -€1,413 | -27.5% |
| Other amounts payable | 47/48 | €7,342 | €9,501 | +€2,160 | +29.4% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,318 | €13,287 | -€6,032 | -31.2% |
| Other operating charges | 640/8 | €1,467 | €5,205 | +€3,738 | +255% |
| Gross operating margin | 9900 | €54,061 | €37,849 | -€16,212 | -30.0% |
| Operating profit (loss) | 9901 | €33,276 | €19,358 | -€13,918 | -41.8% |
| Financial income | 75/76B | €1,132 | €652 | -€479 | -42.4% |
| Recurring financial income | 75 | €1,132 | €652 | -€479 | -42.4% |
| Financial charges | 65/66B | €566 | €539 | -€27 | -4.7% |
| Recurring financial charges | 65 | €566 | €539 | -€27 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €33,842 | €19,471 | -€14,371 | -42.5% |
| Income taxes | 67/77 | €9,856 | €7,837 | -€2,019 | -20.5% |
| Profit (loss) for the period | 9904 | €23,986 | €11,634 | -€12,352 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,986 | €11,634 | -€12,352 | -51.5% |
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 16 October 2026 via checked.be.