WEGRO: 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.
WEGRO
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+104.9%), from €1.0m to €2.1m
of which Other amounts receivable: +€1.0m
- Current investments -€1.0m
no longer reported in 2025 (was €1.0m)
- Tangible fixed assets +€251,479
up €251,479 (+188.7%), from €133,289 to €384,768
of which Leasing and similar rights: +€266,261
- Cash +€143,374
up €143,374 (+24.3%), from €589,818 to €733,191
mainly Current investments (+€1.0m) and Net result for the year (+€333,906)
- Reserves +€333,906
up €333,906 (+34.1%), from €978,000 to €1.3m
of which Distributable reserves: +€333,906
- Debts after one year +€162,075
up €162,075 (+360.2%), from €45,001 to €207,076
- Current portion of long-term debt +€75,161
up €75,161 (+452.3%), from €16,616 to €91,777
- Tax, wage and social debts -€75,097
down €75,097 (-68.7%), from €109,365 to €34,268
of which Taxes: -€84,443
- Trade debts -€33,067
down €33,067 (-5.0%), from €666,001 to €632,934
- Gross operating margin -€596,445
down €596,445 (-45.7%), from €1.3m to €707,911
- Staff costs -€117,126
down €117,126 (-34.5%), from €339,494 to €222,368
- Taxes -€108,497
down €108,497 (-49.9%), from €217,443 to €108,946
- Depreciation -€43,545
down €43,545 (-48.7%), from €89,498 to €45,953
- Other operating charges -€19,579
down €19,579 (-58.6%), from €33,399 to €13,819
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 | €2,745,585 | €3,208,563 | +€462,978 | +16.9% |
| Fixed assets | 21/28 | €140,655 | €391,087 | +€250,433 | +178.0% |
| Intangible fixed assets | 21 | €5,547 | €4,294 | -€1,253 | -22.6% |
| Tangible fixed assets | 22/27 | €133,289 | €384,768 | +€251,479 | +188.7% |
| Plant, machinery and equipment | 23 | €22,992 | €17,421 | -€5,571 | -24.2% |
| Furniture and vehicles | 24 | €45,331 | €36,120 | -€9,211 | -20.3% |
| Leasing and similar rights | 25 | €64,965 | €331,226 | +€266,261 | +409.9% |
| Financial fixed assets | 28 | €1,819 | €2,025 | +€206 | +11.3% |
| Current assets | 29/58 | €2,604,930 | €2,817,476 | +€212,546 | +8.2% |
| Amounts receivable within one year | 40/41 | €1,012,116 | €2,073,775 | +€1.1m | +104.9% |
| Trade receivables | 40 | €1,012,116 | €1,063,145 | +€51,030 | +5.0% |
| Other amounts receivable | 41 | €0 | €1,010,629 | +€1.0m | |
| Current investments | 50/53 | €1,000,000 | - | -€1.0m | |
| Cash at bank and in hand | 54/58 | €589,818 | €733,191 | +€143,374 | +24.3% |
| Deferred charges and accrued income | 490/1 | €2,997 | €10,510 | +€7,513 | +250.7% |
| Total equity and liabilities | 10/49 | €2,745,585 | €3,208,563 | +€462,978 | +16.9% |
| Equity | 10/15 | €1,908,250 | €2,242,156 | +€333,906 | +17.5% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €978,000 | €1,311,906 | +€333,906 | +34.1% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €970,000 | €1,303,906 | +€333,906 | +34.4% |
| Profit (loss) carried forward | 14 | €850,250 | €850,250 | = | 0.0% |
| Amounts payable | 17/49 | €837,335 | €966,407 | +€129,072 | +15.4% |
| Amounts payable after more than one year | 17 | €45,001 | €207,076 | +€162,075 | +360.2% |
| Financial debts | 170/4 | €45,001 | €207,076 | +€162,075 | +360.2% |
| Amounts payable within one year | 42/48 | €792,334 | €759,331 | -€33,003 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €16,616 | €91,777 | +€75,161 | +452.3% |
| Trade debts | 44 | €666,001 | €632,934 | -€33,067 | -5.0% |
| Suppliers | 440/4 | €666,001 | €632,934 | -€33,067 | -5.0% |
| Taxes, remuneration and social security | 45 | €109,365 | €34,268 | -€75,097 | -68.7% |
| Taxes | 450/3 | €92,864 | €8,421 | -€84,443 | -90.9% |
| Remuneration and social security | 454/9 | €16,501 | €25,846 | +€9,346 | +56.6% |
| Other amounts payable | 47/48 | €352 | €352 | = | 0.0% |
| Turnover | 70 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €339,494 | €222,368 | -€117,126 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,498 | €45,953 | -€43,545 | -48.7% |
| Other operating charges | 640/8 | €33,399 | €13,819 | -€19,579 | -58.6% |
| Gross operating margin | 9900 | €1,304,356 | €707,911 | -€596,445 | -45.7% |
| Operating profit (loss) | 9901 | €841,966 | €425,771 | -€416,195 | -49.4% |
| Financial income | 75/76B | €19,138 | €27,126 | +€7,989 | +41.7% |
| Recurring financial income | 75 | €19,138 | €27,126 | +€7,989 | +41.7% |
| Financial charges | 65/66B | €3,425 | €10,045 | +€6,620 | +193.3% |
| Recurring financial charges | 65 | €3,425 | €10,045 | +€6,620 | +193.3% |
| Profit (loss) for the period before taxes | 9903 | €857,678 | €442,852 | -€414,826 | -48.4% |
| Income taxes | 67/77 | €217,443 | €108,946 | -€108,497 | -49.9% |
| Profit (loss) for the period | 9904 | €640,236 | €333,906 | -€306,329 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €640,236 | €333,906 | -€306,329 | -47.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.