WENGLOR: 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.
WENGLOR
Largest movements
- Cash -€119,649
down €119,649 (-37.9%), from €315,685 to €196,036
mainly Trade debts (-€264,570) and Receivables within one year (-€79,715)
- Receivables within one year +€79,715
up €79,715 (+15.0%), from €530,139 to €609,855
of which Trade receivables: +€80,235
- Trade debts -€264,570
down €264,570 (-22.4%), from €1.2m to €915,980
- Profit (loss) carried forward +€122,779
up €122,779 (+28.4%), from -€431,664 to -€308,885
- Tax, wage and social debts +€100,146
up €100,146 (+114.2%), from €87,670 to €187,815
of which Remuneration and social security: +€80,412
- Accrued charges and deferred income +€9,552
new in 2025: €9,552
- Gross operating margin +€100,339
up €100,339 (+17.3%), from €579,041 to €679,380
- Staff costs +€83,796
up €83,796 (+18.2%), from €460,822 to €544,618
- Write-downs +€10,317
up €10,317, from -€10,317 to €0
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 | €857,015 | €824,921 | -€32,094 | -3.7% |
| Fixed assets | 21/28 | €7,752 | €7,369 | -€383 | -4.9% |
| Tangible fixed assets | 22/27 | €862 | €479 | -€383 | -44.4% |
| Furniture and vehicles | 24 | €862 | €479 | -€383 | -44.4% |
| Financial fixed assets | 28 | €6,890 | €6,890 | = | 0.0% |
| Current assets | 29/58 | €849,263 | €817,553 | -€31,711 | -3.7% |
| Amounts receivable within one year | 40/41 | €530,139 | €609,855 | +€79,715 | +15.0% |
| Trade receivables | 40 | €529,547 | €609,782 | +€80,235 | +15.2% |
| Other amounts receivable | 41 | €592 | €72 | -€520 | -87.8% |
| Cash at bank and in hand | 54/58 | €315,685 | €196,036 | -€119,649 | -37.9% |
| Deferred charges and accrued income | 490/1 | €3,439 | €11,662 | +€8,223 | +239.1% |
| Total equity and liabilities | 10/49 | €857,015 | €824,921 | -€32,094 | -3.7% |
| Equity | 10/15 | -€411,205 | -€288,426 | +€122,779 | +29.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€431,664 | -€308,885 | +€122,779 | +28.4% |
| Amounts payable | 17/49 | €1,268,220 | €1,113,348 | -€154,872 | -12.2% |
| Amounts payable within one year | 42/48 | €1,268,220 | €1,103,795 | -€164,424 | -13.0% |
| Trade debts | 44 | €1,180,550 | €915,980 | -€264,570 | -22.4% |
| Suppliers | 440/4 | €1,180,550 | €915,980 | -€264,570 | -22.4% |
| Taxes, remuneration and social security | 45 | €87,670 | €187,815 | +€100,146 | +114.2% |
| Taxes | 450/3 | €19,213 | €38,946 | +€19,734 | +102.7% |
| Remuneration and social security | 454/9 | €68,457 | €148,869 | +€80,412 | +117.5% |
| Accrued charges and deferred income | 492/3 | - | €9,552 | +€9,552 | |
| Remuneration, social security and pensions | 62 | €460,822 | €544,618 | +€83,796 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €287 | €383 | +€96 | +33.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,317 | €0 | +€10,317 | |
| Other operating charges | 640/8 | €2,457 | €2,946 | +€488 | +19.9% |
| Gross operating margin | 9900 | €579,041 | €679,380 | +€100,339 | +17.3% |
| Operating profit (loss) | 9901 | €125,791 | €131,434 | +€5,643 | +4.5% |
| Financial charges | 65/66B | €376 | €405 | +€28 | +7.5% |
| Recurring financial charges | 65 | €376 | €405 | +€28 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €125,415 | €131,029 | +€5,614 | +4.5% |
| Income taxes | 67/77 | €1,519 | €8,251 | +€6,732 | +443.4% |
| Profit (loss) for the period | 9904 | €123,897 | €122,779 | -€1,118 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €123,897 | €122,779 | -€1,118 | -0.9% |
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 30 September 2026 via checked.be.