WOERTYS: 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.
WOERTYS
Largest movements
- Cash +€1.2m
up €1.2m (+60.8%), from €2.0m to €3.2m
mainly Net result for the year (+€2.5m) and Trade debts (+€209,893)
- Stocks and contracts -€191,746
down €191,746 (-7.8%), from €2.5m to €2.3m
- Receivables within one year -€111,984
down €111,984 (-66.1%), from €169,514 to €57,530
of which Other amounts receivable: -€106,655
- Tangible fixed assets -€110,401
down €110,401 (-9.0%), from €1.2m to €1.1m
of which Other tangible fixed assets: -€97,317
- Reserves +€509,003
up €509,003 (+16.6%), from €3.1m to €3.6m
- Trade debts +€209,893
up €209,893 (+179%), from €117,256 to €327,149
- Gross operating margin +€185,758
up €185,758 (+4.9%), from €3.8m to €4.0m
- Taxes +€75,743
up €75,743 (+9.6%), from €790,372 to €866,114
- Financial charges +€40,331
up €40,331 (+104%), from €38,700 to €79,031
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 | €5,881,989 | €6,660,444 | +€778,455 | +13.2% |
| Fixed assets | 21/28 | €1,248,745 | €1,133,714 | -€115,031 | -9.2% |
| Intangible fixed assets | 21 | €18,993 | €14,363 | -€4,630 | -24.4% |
| Tangible fixed assets | 22/27 | €1,225,352 | €1,114,951 | -€110,401 | -9.0% |
| Plant, machinery and equipment | 23 | €36,599 | €28,991 | -€7,608 | -20.8% |
| Furniture and vehicles | 24 | €18,877 | €13,401 | -€5,476 | -29.0% |
| Other tangible fixed assets | 26 | €1,169,876 | €1,072,559 | -€97,317 | -8.3% |
| Financial fixed assets | 28 | €4,400 | €4,400 | = | 0.0% |
| Current assets | 29/58 | €4,633,243 | €5,526,730 | +€893,486 | +19.3% |
| Stocks and contracts in progress | 3 | €2,470,133 | €2,278,387 | -€191,746 | -7.8% |
| Stocks | 30/36 | €2,470,133 | €2,278,387 | -€191,746 | -7.8% |
| Amounts receivable within one year | 40/41 | €169,514 | €57,530 | -€111,984 | -66.1% |
| Trade receivables | 40 | €62,859 | €57,530 | -€5,329 | -8.5% |
| Other amounts receivable | 41 | €106,655 | - | -€106,655 | |
| Cash at bank and in hand | 54/58 | €1,966,005 | €3,161,981 | +€1.2m | +60.8% |
| Deferred charges and accrued income | 490/1 | €27,591 | €28,832 | +€1,241 | +4.5% |
| Total equity and liabilities | 10/49 | €5,881,989 | €6,660,444 | +€778,455 | +13.2% |
| Equity | 10/15 | €3,522,277 | €4,031,280 | +€509,003 | +14.5% |
| Contributions | 10/11 | €460,000 | €460,000 | = | 0.0% |
| Reserves | 13 | €3,062,277 | €3,571,280 | +€509,003 | +16.6% |
| Distributable reserves | 133 | €3,062,277 | €3,571,280 | +€509,003 | +16.6% |
| Amounts payable | 17/49 | €2,359,712 | €2,629,164 | +€269,452 | +11.4% |
| Amounts payable within one year | 42/48 | €2,359,712 | €2,629,164 | +€269,452 | +11.4% |
| Trade debts | 44 | €117,256 | €327,149 | +€209,893 | +179% |
| Suppliers | 440/4 | €117,256 | €327,149 | +€209,893 | +179% |
| Advances received on contracts in progress | 46 | €50,000 | €100,500 | +€50,500 | +101% |
| Taxes, remuneration and social security | 45 | €192,456 | €191,427 | -€1,029 | -0.5% |
| Taxes | 450/3 | €156,046 | €154,369 | -€1,677 | -1.1% |
| Remuneration and social security | 454/9 | €36,410 | €37,058 | +€648 | +1.8% |
| Other amounts payable | 47/48 | €2,000,000 | €2,010,088 | +€10,088 | +0.5% |
| Remuneration, social security and pensions | 62 | €352,782 | €357,688 | +€4,906 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,395 | €151,479 | -€7,916 | -5.0% |
| Other operating charges | 640/8 | €1,058 | €1,083 | +€25 | +2.4% |
| Gross operating margin | 9900 | €3,788,692 | €3,974,450 | +€185,758 | +4.9% |
| Operating profit (loss) | 9901 | €3,275,457 | €3,464,200 | +€188,742 | +5.8% |
| Financial income | 75/76B | €10 | €36 | +€25 | +248% |
| Recurring financial income | 75 | €10 | €36 | +€25 | +248% |
| Financial charges | 65/66B | €38,700 | €79,031 | +€40,331 | +104% |
| Recurring financial charges | 65 | €38,700 | €79,031 | +€40,331 | +104% |
| Profit (loss) for the period before taxes | 9903 | €3,236,768 | €3,385,205 | +€148,437 | +4.6% |
| Income taxes | 67/77 | €790,372 | €866,114 | +€75,743 | +9.6% |
| Profit (loss) for the period | 9904 | €2,446,396 | €2,519,090 | +€72,694 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,446,396 | €2,519,090 | +€72,694 | +3.0% |
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 15 October 2026 via checked.be.