WEGRA: what changed
Two fiscal 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.
WEGRA
Largest movements
- Receivables within one year -€130,536
down €130,536 (-71.1%), from €183,649 to €53,113
of which Trade receivables: -€89,249
- Tangible fixed assets -€50,487
down €50,487 (-25.2%), from €200,045 to €149,558
of which Land and buildings: -€42,644
- Cash -€44,911
down €44,911 (-77.0%), from €58,321 to €13,410
mainly Net result for the year (-€331,677) and Trade debts (-€166,292)
- Stocks and contracts -€22,812
down €22,812 (-4.3%), from €527,821 to €505,009
- Profit (loss) carried forward -€331,677
down €331,677 (-4.6%), from -€7.1m to -€7.5m
- Short-term financial debts +€318,326
up €318,326 (+6.2%), from €5.1m to €5.4m
- Trade debts -€166,292
down €166,292 (-64.6%), from €257,339 to €91,048
- Tax, wage and social debts -€62,789
down €62,789 (-35.9%), from €175,133 to €112,344
of which Remuneration and social security: -€53,844
- Gross operating margin +€604,444
up €604,444 (+139.9%), from €432,131 to €1.0m
- Financial charges +€73,634
up €73,634 (+21.7%), from €338,815 to €412,449
- Staff costs -€34,211
down €34,211 (-3.7%), from €929,033 to €894,823
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €978,412 | €733,348 | -€245,064 | -25.0% |
| Fixed assets | 21/28 | €200,045 | €149,558 | -€50,487 | -25.2% |
| Tangible fixed assets | 22/27 | €200,045 | €149,558 | -€50,487 | -25.2% |
| Land and buildings | 22 | €180,613 | €137,970 | -€42,644 | -23.6% |
| Plant, machinery and equipment | 23 | €11,257 | €8,963 | -€2,294 | -20.4% |
| Furniture and vehicles | 24 | €8,175 | €2,625 | -€5,549 | -67.9% |
| Current assets | 29/58 | €778,367 | €583,790 | -€194,577 | -25.0% |
| Stocks and contracts in progress | 3 | €527,821 | €505,009 | -€22,812 | -4.3% |
| Stocks | 30/36 | €527,821 | €505,009 | -€22,812 | -4.3% |
| Amounts receivable within one year | 40/41 | €183,649 | €53,113 | -€130,536 | -71.1% |
| Trade receivables | 40 | €142,362 | €53,113 | -€89,249 | -62.7% |
| Other amounts receivable | 41 | €41,287 | €0 | -€41,287 | -100.0% |
| Cash at bank and in hand | 54/58 | €58,321 | €13,410 | -€44,911 | -77.0% |
| Deferred charges and accrued income | 490/1 | €8,577 | €12,259 | +€3,682 | +42.9% |
| Total equity and liabilities | 10/49 | €978,412 | €733,348 | -€245,064 | -25.0% |
| Equity | 10/15 | -€4,577,720 | -€4,912,030 | -€334,310 | -7.3% |
| Contributions | 10/11 | €2,562,000 | €2,562,000 | = | 0.0% |
| Capital | 10 | €2,562,000 | €2,562,000 | = | 0.0% |
| Issued capital | 100 | €2,562,000 | €2,562,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,143,019 | -€7,474,696 | -€331,677 | -4.6% |
| Investment grants | 15 | €3,299 | €666 | -€2,633 | -79.8% |
| Amounts payable | 17/49 | €5,556,132 | €5,645,377 | +€89,246 | +1.6% |
| Amounts payable within one year | 42/48 | €5,556,132 | €5,645,377 | +€89,246 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €5,123,660 | €5,441,986 | +€318,326 | +6.2% |
| Other loans | 439 | €5,123,660 | €5,441,986 | +€318,326 | +6.2% |
| Trade debts | 44 | €257,339 | €91,048 | -€166,292 | -64.6% |
| Suppliers | 440/4 | €257,339 | €91,048 | -€166,292 | -64.6% |
| Taxes, remuneration and social security | 45 | €175,133 | €112,344 | -€62,789 | -35.9% |
| Taxes | 450/3 | €10,746 | €1,801 | -€8,945 | -83.2% |
| Remuneration and social security | 454/9 | €164,387 | €110,543 | -€53,844 | -32.8% |
| Remuneration, social security and pensions | 62 | €929,033 | €894,823 | -€34,211 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,976 | €57,757 | -€2,219 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,021 | +€1,021 | |
| Other operating charges | 640/8 | €13,056 | €5,326 | -€7,730 | -59.2% |
| Non-recurring operating charges | 66A | €235 | €0 | -€235 | -100.0% |
| Gross operating margin | 9900 | €432,131 | €1,036,575 | +€604,444 | +139.9% |
| Operating profit (loss) | 9901 | -€570,168 | €77,649 | +€647,818 | |
| Financial income | 75/76B | €4,962 | €4,274 | -€689 | -13.9% |
| Recurring financial income | 75 | €4,962 | €4,274 | -€689 | -13.9% |
| Financial charges | 65/66B | €338,815 | €412,449 | +€73,634 | +21.7% |
| Recurring financial charges | 65 | €338,815 | €412,449 | +€73,634 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | -€904,021 | -€330,526 | +€573,495 | +63.4% |
| Income taxes | 67/77 | -€578 | €1,151 | +€1,729 | |
| Profit (loss) for the period | 9904 | -€903,443 | -€331,677 | +€571,766 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€903,443 | -€331,677 | +€571,766 | +63.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.