WGC-TEC: 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.
WGC-TEC
Largest movements
- Tangible fixed assets -€9,413
down €9,413 (-23.7%), from €39,790 to €30,377
of which Furniture and vehicles: -€8,366
- Debts after one year -€170,000
down €170,000 (-36.3%), from €468,333 to €298,333
- Reserves +€99,524
up €99,524 (+297.5%), from €33,455 to €132,979
- Current portion of long-term debt +€80,000
new in 2025: €80,000
- Tax, wage and social debts -€18,508
down €18,508 (-74.6%), from €24,796 to €6,288
- Other debts +€8,905
up €8,905 (+2375.9%), from €375 to €9,280
- Gross operating margin +€91,907
up €91,907 (+128.9%), from €71,307 to €163,214
- Taxes +€16,796
up €16,796 (+86.9%), from €19,326 to €36,122
- Financial charges +€14,389
up €14,389 (+464.6%), from €3,097 to €17,486
of which Financial charges: +€14,016
- Other operating charges -€4,218
down €4,218 (-70.4%), from €5,990 to €1,772
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 | €545,704 | €539,592 | -€6,112 | -1.1% |
| Fixed assets | 21/28 | €516,262 | €506,849 | -€9,413 | -1.8% |
| Tangible fixed assets | 22/27 | €39,790 | €30,377 | -€9,413 | -23.7% |
| Land and buildings | 22 | €7,298 | €6,251 | -€1,047 | -14.3% |
| Furniture and vehicles | 24 | €32,492 | €24,126 | -€8,366 | -25.7% |
| Financial fixed assets | 28 | €476,472 | €476,472 | = | 0.0% |
| Current assets | 29/58 | €29,442 | €32,743 | +€3,301 | +11.2% |
| Amounts receivable within one year | 40/41 | €24,360 | €25,598 | +€1,238 | +5.1% |
| Trade receivables | 40 | €24,348 | €24,200 | -€148 | -0.6% |
| Other amounts receivable | 41 | €12 | €1,398 | +€1,385 | +11191.4% |
| Current investments | 50/53 | - | €2,377 | +€2,377 | |
| Cash at bank and in hand | 54/58 | €2,670 | €2,750 | +€79 | +3.0% |
| Deferred charges and accrued income | 490/1 | €2,412 | €2,019 | -€393 | -16.3% |
| Total equity and liabilities | 10/49 | €545,704 | €539,592 | -€6,112 | -1.1% |
| Equity | 10/15 | €43,455 | €142,979 | +€99,524 | +229.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €33,455 | €132,979 | +€99,524 | +297.5% |
| Distributable reserves | 133 | €33,455 | €132,979 | +€99,524 | +297.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €502,249 | €396,613 | -€105,636 | -21.0% |
| Amounts payable after more than one year | 17 | €468,333 | €298,333 | -€170,000 | -36.3% |
| Financial debts | 170/4 | €468,333 | €298,333 | -€170,000 | -36.3% |
| Amounts payable within one year | 42/48 | €29,419 | €98,280 | +€68,861 | +234.1% |
| Current portion of amounts payable after more than one year | 42 | - | €80,000 | +€80,000 | |
| Trade debts | 44 | €4,248 | €2,712 | -€1,536 | -36.2% |
| Suppliers | 440/4 | €4,248 | €2,712 | -€1,536 | -36.2% |
| Taxes, remuneration and social security | 45 | €24,796 | €6,288 | -€18,508 | -74.6% |
| Taxes | 450/3 | €24,796 | €6,288 | -€18,508 | -74.6% |
| Other amounts payable | 47/48 | €375 | €9,280 | +€8,905 | +2375.9% |
| Accrued charges and deferred income | 492/3 | €4,497 | €0 | -€4,497 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,439 | €9,413 | -€26 | -0.3% |
| Other operating charges | 640/8 | €5,990 | €1,772 | -€4,218 | -70.4% |
| Gross operating margin | 9900 | €71,307 | €163,214 | +€91,907 | +128.9% |
| Operating profit (loss) | 9901 | €55,878 | €152,029 | +€96,151 | +172.1% |
| Financial income | 75/76B | €0 | €1,102 | +€1,102 | +11020900.0% |
| Recurring financial income | 75 | €0 | €1,102 | +€1,102 | +11020900.0% |
| Financial charges | 65/66B | €3,097 | €17,486 | +€14,389 | +464.6% |
| Recurring financial charges | 65 | €3,097 | €17,113 | +€14,016 | +452.6% |
| Non-recurring financial charges | 66B | - | €373 | +€373 | |
| Profit (loss) for the period before taxes | 9903 | €52,781 | €135,645 | +€82,864 | +157.0% |
| Income taxes | 67/77 | €19,326 | €36,122 | +€16,796 | +86.9% |
| Profit (loss) for the period | 9904 | €33,455 | €99,524 | +€66,068 | +197.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,455 | €99,524 | +€66,068 | +197.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.