't WILGENERF: 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.
't WILGENERF
Largest movements
- Receivables within one year +€13,960
up €13,960 (+7.9%), from €177,647 to €191,607
of which Trade receivables: +€24,192
- Tangible fixed assets -€6,800
down €6,800 (-66.7%), from €10,200 to €3,400
- Trade debts -€31,174
no longer reported in 2025 (was €31,174)
- Other debts +€29,829
up €29,829 (+45.0%), from €66,340 to €96,168
- Reserves +€14,357
up €14,357 (+25.1%), from €57,280 to €71,636
of which Distributable reserves: +€14,357
- Debts after one year -€9,928
no longer reported in 2025 (was €9,928)
- Tax, wage and social debts +€3,666
new in 2025: €3,666
- Gross operating margin +€14,480
up €14,480 (+90.4%), from €16,025 to €30,506
- Taxes +€2,605
up €2,605 (+57.1%), from €4,561 to €7,166
- Other operating charges +€852
new in 2025: €852
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 | €188,910 | €195,245 | +€6,335 | +3.4% |
| Fixed assets | 21/28 | €10,200 | €3,400 | -€6,800 | -66.7% |
| Tangible fixed assets | 22/27 | €10,200 | €3,400 | -€6,800 | -66.7% |
| Other tangible fixed assets | 26 | €10,200 | €3,400 | -€6,800 | -66.7% |
| Current assets | 29/58 | €178,710 | €191,845 | +€13,135 | +7.3% |
| Amounts receivable within one year | 40/41 | €177,647 | €191,607 | +€13,960 | +7.9% |
| Trade receivables | 40 | €47,062 | €71,253 | +€24,192 | +51.4% |
| Other amounts receivable | 41 | €130,585 | €120,354 | -€10,232 | -7.8% |
| Cash at bank and in hand | 54/58 | €1,063 | €238 | -€825 | -77.6% |
| Total equity and liabilities | 10/49 | €188,910 | €195,245 | +€6,335 | +3.4% |
| Equity | 10/15 | €70,792 | €84,316 | +€13,524 | +19.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €57,280 | €71,636 | +€14,357 | +25.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €55,420 | €69,776 | +€14,357 | +25.9% |
| Profit (loss) carried forward | 14 | €1,113 | €280 | -€833 | -74.9% |
| Amounts payable | 17/49 | €118,117 | €110,929 | -€7,189 | -6.1% |
| Amounts payable after more than one year | 17 | €9,928 | - | -€9,928 | |
| Financial debts | 170/4 | €9,928 | - | -€9,928 | |
| Amounts payable within one year | 42/48 | €108,190 | €110,929 | +€2,739 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €10,676 | €11,095 | +€418 | +3.9% |
| Trade debts | 44 | €31,174 | - | -€31,174 | |
| Suppliers | 440/4 | €31,174 | - | -€31,174 | |
| Taxes, remuneration and social security | 45 | - | €3,666 | +€3,666 | |
| Taxes | 450/3 | - | €3,666 | +€3,666 | |
| Other amounts payable | 47/48 | €66,340 | €96,168 | +€29,829 | +45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,800 | €6,800 | = | 0.0% |
| Other operating charges | 640/8 | - | €852 | +€852 | |
| Gross operating margin | 9900 | €16,025 | €30,506 | +€14,480 | +90.4% |
| Operating profit (loss) | 9901 | €9,225 | €22,854 | +€13,628 | +147.7% |
| Financial income | 75/76B | €8 | €1 | -€7 | -92.4% |
| Recurring financial income | 75 | €8 | €1 | -€7 | -92.4% |
| Financial charges | 65/66B | €1,568 | €1,332 | -€236 | -15.1% |
| Recurring financial charges | 65 | €1,568 | €1,332 | -€236 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €7,665 | €21,523 | +€13,857 | +180.8% |
| Income taxes | 67/77 | €4,561 | €7,166 | +€2,605 | +57.1% |
| Profit (loss) for the period | 9904 | €3,104 | €14,357 | +€11,252 | +362.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,104 | €14,357 | +€11,252 | +362.5% |
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 12 October 2026 via checked.be.