Wierinckx: 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.
Wierinckx
Largest movements
- Receivables within one year -€5,268
down €5,268 (-14.1%), from €37,236 to €31,968
of which Trade receivables: -€3,559
- Stocks and contracts +€3,780
up €3,780 (+47.6%), from €7,947 to €11,727
- Cash +€2,749
up €2,749 (+2.7%), from €103,433 to €106,181
mainly Net result for the year (+€38,411) and Depreciation (+€6,827)
- Deferred charges and accrued income -€1,770
down €1,770 (-22.3%), from €7,948 to €6,178
- Reserves +€38,411
up €38,411 (+60.8%), from €63,160 to €101,571
- Other debts -€30,936
no longer reported in 2025 (was €30,936)
- Trade debts -€10,466
down €10,466 (-14.2%), from €73,937 to €63,471
- Tax, wage and social debts +€2,162
up €2,162 (+49.3%), from €4,389 to €6,552
- Gross operating margin +€9,977
up €9,977 (+18.9%), from €52,808 to €62,785
- Taxes +€2,162
up €2,162 (+23.0%), from €9,389 to €11,552
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 | €175,423 | €174,594 | -€829 | -0.5% |
| Fixed assets | 21/28 | €18,859 | €18,539 | -€320 | -1.7% |
| Tangible fixed assets | 22/27 | €18,859 | €18,539 | -€320 | -1.7% |
| Plant, machinery and equipment | 23 | €8,580 | €5,366 | -€3,213 | -37.5% |
| Furniture and vehicles | 24 | €7,182 | €10,566 | +€3,384 | +47.1% |
| Other tangible fixed assets | 26 | €3,097 | €2,607 | -€491 | -15.8% |
| Current assets | 29/58 | €156,564 | €156,054 | -€509 | -0.3% |
| Stocks and contracts in progress | 3 | €7,947 | €11,727 | +€3,780 | +47.6% |
| Stocks | 30/36 | €7,947 | €11,727 | +€3,780 | +47.6% |
| Amounts receivable within one year | 40/41 | €37,236 | €31,968 | -€5,268 | -14.1% |
| Trade receivables | 40 | €31,248 | €27,688 | -€3,559 | -11.4% |
| Other amounts receivable | 41 | €5,988 | €4,280 | -€1,709 | -28.5% |
| Cash at bank and in hand | 54/58 | €103,433 | €106,181 | +€2,749 | +2.7% |
| Deferred charges and accrued income | 490/1 | €7,948 | €6,178 | -€1,770 | -22.3% |
| Total equity and liabilities | 10/49 | €175,423 | €174,594 | -€829 | -0.5% |
| Equity | 10/15 | €66,160 | €104,571 | +€38,411 | +58.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,160 | €101,571 | +€38,411 | +60.8% |
| Distributable reserves | 133 | €63,160 | €101,571 | +€38,411 | +60.8% |
| Amounts payable | 17/49 | €109,262 | €70,022 | -€39,240 | -35.9% |
| Amounts payable within one year | 42/48 | €109,262 | €70,022 | -€39,240 | -35.9% |
| Trade debts | 44 | €73,937 | €63,471 | -€10,466 | -14.2% |
| Suppliers | 440/4 | €73,937 | €63,471 | -€10,466 | -14.2% |
| Taxes, remuneration and social security | 45 | €4,389 | €6,552 | +€2,162 | +49.3% |
| Taxes | 450/3 | €4,389 | €6,552 | +€2,162 | +49.3% |
| Other amounts payable | 47/48 | €30,936 | - | -€30,936 | |
| Remuneration, social security and pensions | 62 | €2,016 | €2,016 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,251 | €6,827 | +€576 | +9.2% |
| Other operating charges | 640/8 | €481 | €759 | +€278 | +57.9% |
| Gross operating margin | 9900 | €52,808 | €62,785 | +€9,977 | +18.9% |
| Operating profit (loss) | 9901 | €44,060 | €53,183 | +€9,123 | +20.7% |
| Financial income | 75/76B | €2 | €0 | -€1 | -97.4% |
| Recurring financial income | 75 | €2 | €0 | -€1 | -97.4% |
| Financial charges | 65/66B | €3,737 | €3,221 | -€516 | -13.8% |
| Recurring financial charges | 65 | €3,737 | €3,221 | -€516 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €40,325 | €49,963 | +€9,637 | +23.9% |
| Income taxes | 67/77 | €9,389 | €11,552 | +€2,162 | +23.0% |
| Profit (loss) for the period | 9904 | €30,936 | €38,411 | +€7,475 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,936 | €38,411 | +€7,475 | +24.2% |
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 23 October 2026 via checked.be.