TER WILGEN: 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.
TER WILGEN
Largest movements
- Tangible fixed assets -€18,755
down €18,755 (-16.3%), from €114,939 to €96,184
of which Land and buildings: -€19,764
- Cash +€14,141
up €14,141 (+67.4%), from €20,988 to €35,129
mainly Depreciation (+€24,755) and Other debts (+€7,885)
- Receivables within one year -€6,757
down €6,757 (-24.8%), from €27,243 to €20,485
of which Trade receivables: -€6,617
- Debts after one year -€12,427
down €12,427 (-20.7%), from €59,954 to €47,528
- Profit (loss) carried forward -€10,673
down €10,673 (-5.5%), from -€194,056 to -€204,729
- Other debts +€7,885
up €7,885 (+3.0%), from €265,988 to €273,873
- Tax, wage and social debts +€3,398
up €3,398 (+334%), from €1,016 to €4,415
of which Remuneration and social security: +€3,219
- Depreciation -€18,419
down €18,419 (-42.7%), from €43,173 to €24,755
- Gross operating margin +€13,383
up €13,383 (+207%), from €6,480 to €19,863
- Staff costs +€1,822
up €1,822 (+767%), from €238 to €2,060
- Other operating charges +€763
up €763 (+172%), from €444 to €1,207
- Financial charges -€414
down €414 (-14.0%), from €2,945 to €2,532
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 | €167,118 | €154,882 | -€12,236 | -7.3% |
| Fixed assets | 21/28 | €115,344 | €96,590 | -€18,755 | -16.3% |
| Tangible fixed assets | 22/27 | €114,939 | €96,184 | -€18,755 | -16.3% |
| Land and buildings | 22 | €70,194 | €50,430 | -€19,764 | -28.2% |
| Plant, machinery and equipment | 23 | €6,495 | €3,804 | -€2,691 | -41.4% |
| Furniture and vehicles | 24 | €14,437 | €18,138 | +€3,701 | +25.6% |
| Other tangible fixed assets | 26 | €23,813 | €23,813 | = | 0.0% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €51,774 | €58,292 | +€6,519 | +12.6% |
| Stocks and contracts in progress | 3 | €3,543 | €2,678 | -€865 | -24.4% |
| Stocks | 30/36 | €3,543 | €2,678 | -€865 | -24.4% |
| Amounts receivable within one year | 40/41 | €27,243 | €20,485 | -€6,757 | -24.8% |
| Trade receivables | 40 | €20,305 | €13,688 | -€6,617 | -32.6% |
| Other amounts receivable | 41 | €6,938 | €6,797 | -€140 | -2.0% |
| Cash at bank and in hand | 54/58 | €20,988 | €35,129 | +€14,141 | +67.4% |
| Total equity and liabilities | 10/49 | €167,118 | €154,882 | -€12,236 | -7.3% |
| Equity | 10/15 | -€175,464 | -€186,137 | -€10,673 | -6.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€194,056 | -€204,729 | -€10,673 | -5.5% |
| Amounts payable | 17/49 | €342,583 | €341,019 | -€1,563 | -0.5% |
| Amounts payable after more than one year | 17 | €59,954 | €47,528 | -€12,427 | -20.7% |
| Financial debts | 170/4 | €59,954 | €47,528 | -€12,427 | -20.7% |
| Amounts payable within one year | 42/48 | €282,628 | €293,492 | +€10,863 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €12,002 | €12,427 | +€424 | +3.5% |
| Trade debts | 44 | €2,846 | €2,001 | -€845 | -29.7% |
| Suppliers | 440/4 | €2,846 | €2,001 | -€845 | -29.7% |
| Advances received on contracts in progress | 46 | €776 | €776 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,016 | €4,415 | +€3,398 | +334% |
| Taxes | 450/3 | €943 | €1,123 | +€180 | +19.0% |
| Remuneration and social security | 454/9 | €73 | €3,292 | +€3,219 | +4,412% |
| Other amounts payable | 47/48 | €265,988 | €273,873 | +€7,885 | +3.0% |
| Remuneration, social security and pensions | 62 | €238 | €2,060 | +€1,822 | +767% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,173 | €24,755 | -€18,419 | -42.7% |
| Other operating charges | 640/8 | €444 | €1,207 | +€763 | +172% |
| Gross operating margin | 9900 | €6,480 | €19,863 | +€13,383 | +207% |
| Operating profit (loss) | 9901 | -€37,376 | -€8,159 | +€29,216 | +78.2% |
| Financial income | 75/76B | €22 | €19 | -€4 | -16.4% |
| Recurring financial income | 75 | €22 | €19 | -€4 | -16.4% |
| Financial charges | 65/66B | €2,945 | €2,532 | -€414 | -14.0% |
| Recurring financial charges | 65 | €2,945 | €2,532 | -€414 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€40,299 | -€10,673 | +€29,626 | +73.5% |
| Profit (loss) for the period | 9904 | -€40,299 | -€10,673 | +€29,626 | +73.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,299 | -€10,673 | +€29,626 | +73.5% |
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 28 October 2026 via checked.be.