WEGRIO: 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.
WEGRIO
Largest movements
- Receivables within one year -€107,922
down €107,922 (-30.9%), from €349,595 to €241,673
of which Trade receivables: -€75,804
- Tangible fixed assets -€25,307
down €25,307 (-22.5%), from €112,290 to €86,983
of which Plant, machinery and equipment: -€16,061
- Deferred charges and accrued income -€12,804
down €12,804 (-58.5%), from €21,898 to €9,094
- Cash +€9,041
up €9,041 (+75.1%), from €12,042 to €21,082
mainly Receivables within one year (+€107,922) and Depreciation (+€31,333)
- Other debts -€31,832
down €31,832 (-53.2%), from €59,809 to €27,978
- Provisions -€27,663
down €27,663 (-12.9%), from €214,855 to €187,192
- Trade debts -€19,529
down €19,529 (-40.8%), from €47,894 to €28,364
- Profit (loss) carried forward -€19,296
down €19,296 (-7.0%), from -€277,500 to -€296,796
- Debts after one year -€18,636
down €18,636 (-77.3%), from €24,103 to €5,467
- Provisions +€56,497
up €56,497 (+67.1%), from -€84,159 to -€27,663
- Gross operating margin -€38,094
down €38,094 (-11.8%), from €321,983 to €283,888
- Staff costs +€25,275
up €25,275 (+9.8%), from €258,818 to €284,094
- Taxes -€8,156
down €8,156 (-100.0%), from €8,156 to €0
- Other operating charges -€3,597
down €3,597 (-19.9%), from €18,074 to €14,477
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 | €495,875 | €358,832 | -€137,043 | -27.6% |
| Fixed assets | 21/28 | €112,340 | €86,983 | -€25,357 | -22.6% |
| Tangible fixed assets | 22/27 | €112,290 | €86,983 | -€25,307 | -22.5% |
| Plant, machinery and equipment | 23 | €82,903 | €66,843 | -€16,061 | -19.4% |
| Furniture and vehicles | 24 | €29,387 | €20,140 | -€9,247 | -31.5% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100.0% |
| Current assets | 29/58 | €383,535 | €271,849 | -€111,685 | -29.1% |
| Amounts receivable within one year | 40/41 | €349,595 | €241,673 | -€107,922 | -30.9% |
| Trade receivables | 40 | €299,990 | €224,186 | -€75,804 | -25.3% |
| Other amounts receivable | 41 | €49,605 | €17,487 | -€32,118 | -64.7% |
| Cash at bank and in hand | 54/58 | €12,042 | €21,082 | +€9,041 | +75.1% |
| Deferred charges and accrued income | 490/1 | €21,898 | €9,094 | -€12,804 | -58.5% |
| Total equity and liabilities | 10/49 | €495,875 | €358,832 | -€137,043 | -27.6% |
| Equity | 10/15 | €108,867 | €89,571 | -€19,296 | -17.7% |
| Contributions | 10/11 | €310,000 | €310,000 | = | 0.0% |
| Reserves | 13 | €76,367 | €76,367 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,000 | €0 | -€31,000 | -100.0% |
| Reserves not available under the articles | 1311 | €31,000 | €0 | -€31,000 | -100.0% |
| Tax-exempt reserves | 132 | €20,367 | €20,367 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €56,000 | +€31,000 | +124.0% |
| Profit (loss) carried forward | 14 | -€277,500 | -€296,796 | -€19,296 | -7.0% |
| Provisions and deferred taxes | 16 | €214,855 | €187,192 | -€27,663 | -12.9% |
| Provisions for liabilities and charges | 160/5 | €214,855 | €187,192 | -€27,663 | -12.9% |
| Environmental obligations | 163 | €214,855 | €187,192 | -€27,663 | -12.9% |
| Amounts payable | 17/49 | €172,153 | €82,069 | -€90,084 | -52.3% |
| Amounts payable after more than one year | 17 | €24,103 | €5,467 | -€18,636 | -77.3% |
| Financial debts | 170/4 | €24,103 | €5,467 | -€18,636 | -77.3% |
| Amounts payable within one year | 42/48 | €148,050 | €76,602 | -€71,448 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €27,474 | €18,636 | -€8,838 | -32.2% |
| Trade debts | 44 | €47,894 | €28,364 | -€19,529 | -40.8% |
| Suppliers | 440/4 | €47,894 | €28,364 | -€19,529 | -40.8% |
| Taxes, remuneration and social security | 45 | €12,874 | €1,624 | -€11,250 | -87.4% |
| Taxes | 450/3 | €8,333 | €243 | -€8,090 | -97.1% |
| Remuneration and social security | 454/9 | €4,541 | €1,381 | -€3,160 | -69.6% |
| Other amounts payable | 47/48 | €59,809 | €27,978 | -€31,832 | -53.2% |
| Non-recurring operating income | 76A | - | €20,119 | +€20,119 | |
| Remuneration, social security and pensions | 62 | €258,818 | €284,094 | +€25,275 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,111 | €31,333 | +€1,222 | +4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€84,159 | -€27,663 | +€56,497 | +67.1% |
| Other operating charges | 640/8 | €18,074 | €14,477 | -€3,597 | -19.9% |
| Gross operating margin | 9900 | €321,983 | €283,888 | -€38,094 | -11.8% |
| Operating profit (loss) | 9901 | €99,139 | -€18,353 | -€117,491 | |
| Financial income | 75/76B | €2,675 | €2,189 | -€485 | -18.1% |
| Recurring financial income | 75 | €2,675 | €2,189 | -€485 | -18.1% |
| Financial charges | 65/66B | €1,914 | €3,133 | +€1,218 | +63.6% |
| Recurring financial charges | 65 | €1,914 | €3,133 | +€1,218 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | €99,899 | -€19,296 | -€119,195 | |
| Income taxes | 67/77 | €8,156 | €0 | -€8,156 | -100.0% |
| Profit (loss) for the period | 9904 | €91,743 | -€19,296 | -€111,039 | |
| Profit (loss) for the period to be appropriated | 9905 | €91,743 | -€19,296 | -€111,039 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.