M-Wildri: 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.
M-Wildri
Largest movements
- Tangible fixed assets +€672,017
up €672,017 (+80.1%), from €838,504 to €1.5m
of which Plant, machinery and equipment: +€622,570
- Receivables within one year +€228,032
up €228,032 (+82.4%), from €276,664 to €504,696
of which Trade receivables: +€189,425
- Cash +€165,068
up €165,068 (+42.0%), from €393,455 to €558,523
mainly Debts after one year (+€981,309) and Current portion of long-term debt (+€185,041)
- Stocks and contracts +€161,561
up €161,561 (+120%), from €134,390 to €295,951
of which Contracts in progress: +€118,732
- Debts after one year +€981,309
up €981,309 (+472%), from €207,801 to €1.2m
- Current portion of long-term debt +€185,041
up €185,041 (+1,269%), from €14,579 to €199,620
- Reserves +€49,524
up €49,524 (+8.8%), from €563,585 to €613,109
of which Distributable reserves: +€49,524
- Depreciation +€57,461
up €57,461 (+152%), from €37,724 to €95,184
- Gross operating margin +€43,147
up €43,147 (+10.8%), from €400,093 to €443,240
- Financial charges +€25,633
up €25,633 (+307%), from €8,351 to €33,983
- Taxes -€11,097
down €11,097 (-18.0%), from €61,754 to €50,658
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 | €1,652,719 | €2,882,551 | +€1.2m | +74.4% |
| Fixed assets | 21/28 | €838,504 | €1,510,521 | +€672,017 | +80.1% |
| Tangible fixed assets | 22/27 | €838,504 | €1,510,521 | +€672,017 | +80.1% |
| Land and buildings | 22 | €139,747 | €136,983 | -€2,764 | -2.0% |
| Plant, machinery and equipment | 23 | €698,757 | €1,321,327 | +€622,570 | +89.1% |
| Furniture and vehicles | 24 | €0 | €52,210 | +€52,210 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €814,215 | €1,372,030 | +€557,815 | +68.5% |
| Stocks and contracts in progress | 3 | €134,390 | €295,951 | +€161,561 | +120% |
| Stocks | 30/36 | €117,140 | €159,969 | +€42,829 | +36.6% |
| Contracts in progress | 37 | €17,250 | €135,982 | +€118,732 | +688% |
| Amounts receivable within one year | 40/41 | €276,664 | €504,696 | +€228,032 | +82.4% |
| Trade receivables | 40 | €274,176 | €463,601 | +€189,425 | +69.1% |
| Other amounts receivable | 41 | €2,488 | €41,095 | +€38,607 | +1,552% |
| Cash at bank and in hand | 54/58 | €393,455 | €558,523 | +€165,068 | +42.0% |
| Deferred charges and accrued income | 490/1 | €9,706 | €12,860 | +€3,154 | +32.5% |
| Total equity and liabilities | 10/49 | €1,652,719 | €2,882,551 | +€1.2m | +74.4% |
| Equity | 10/15 | €625,585 | €675,109 | +€49,524 | +7.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €563,585 | €613,109 | +€49,524 | +8.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,366 | €17,366 | = | 0.0% |
| Distributable reserves | 133 | €540,019 | €589,544 | +€49,524 | +9.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,027,134 | €2,207,441 | +€1.2m | +115% |
| Amounts payable after more than one year | 17 | €207,801 | €1,189,110 | +€981,309 | +472% |
| Financial debts | 170/4 | €207,801 | €1,189,110 | +€981,309 | +472% |
| Amounts payable within one year | 42/48 | €818,637 | €998,517 | +€179,880 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €14,579 | €199,620 | +€185,041 | +1,269% |
| Financial debts | 43 | €31,267 | €12,680 | -€18,587 | -59.4% |
| Credit institutions | 430/8 | €31,267 | €12,680 | -€18,587 | -59.4% |
| Trade debts | 44 | €590,157 | €606,462 | +€16,305 | +2.8% |
| Suppliers | 440/4 | €590,157 | €606,462 | +€16,305 | +2.8% |
| Taxes, remuneration and social security | 45 | €57,634 | €29,755 | -€27,879 | -48.4% |
| Taxes | 450/3 | €45,643 | €6,537 | -€39,105 | -85.7% |
| Remuneration and social security | 454/9 | €11,992 | €23,218 | +€11,226 | +93.6% |
| Other amounts payable | 47/48 | €125,000 | €150,000 | +€25,000 | +20.0% |
| Accrued charges and deferred income | 492/3 | €696 | €19,815 | +€19,119 | +2,748% |
| Remuneration, social security and pensions | 62 | €88,191 | €91,450 | +€3,259 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,724 | €95,184 | +€57,461 | +152% |
| Other operating charges | 640/8 | €22,602 | €23,261 | +€659 | +2.9% |
| Gross operating margin | 9900 | €400,093 | €443,240 | +€43,147 | +10.8% |
| Operating profit (loss) | 9901 | €251,577 | €233,345 | -€18,232 | -7.2% |
| Financial income | 75/76B | €2,440 | €821 | -€1,620 | -66.4% |
| Recurring financial income | 75 | €2,440 | €821 | -€1,620 | -66.4% |
| Financial charges | 65/66B | €8,351 | €33,983 | +€25,633 | +307% |
| Recurring financial charges | 65 | €8,351 | €33,983 | +€25,633 | +307% |
| Profit (loss) for the period before taxes | 9903 | €245,666 | €200,182 | -€45,484 | -18.5% |
| Income taxes | 67/77 | €61,754 | €50,658 | -€11,097 | -18.0% |
| Profit (loss) for the period | 9904 | €183,912 | €149,524 | -€34,388 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €183,912 | €149,524 | -€34,388 | -18.7% |
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 18 October 2026 via checked.be.