WGS Immo: 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.
WGS Immo
Largest movements
- Stocks and contracts +€36,663
up €36,663 (+9.6%), from €383,440 to €420,103
- Tangible fixed assets -€8,126
down €8,126 (-21.7%), from €37,520 to €29,393
- Debts after one year +€18,803
up €18,803 (+17.8%), from €105,780 to €124,583
- Current portion of long-term debt -€12,327
down €12,327 (-50.9%), from €24,204 to €11,877
- Reserves +€9,970
up €9,970 (+34.1%), from €29,200 to €39,170
- Other debts +€8,000
up €8,000 (+6.8%), from €116,965 to €124,965
- Financial charges +€2,560
up €2,560 (+52.6%), from €4,864 to €7,424
- Gross operating margin +€1,476
up €1,476 (+4.8%), from €31,044 to €32,520
- Taxes -€521
down €521 (-9.4%), from €5,513 to €4,992
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.
Derived cash bridge
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 | €421,563 | €452,090 | +€30,526 | +7.2% |
| Fixed assets | 21/28 | €37,520 | €29,393 | -€8,126 | -21.7% |
| Tangible fixed assets | 22/27 | €37,520 | €29,393 | -€8,126 | -21.7% |
| Land and buildings | 22 | €37,520 | €29,393 | -€8,126 | -21.7% |
| Current assets | 29/58 | €384,043 | €422,696 | +€38,653 | +10.1% |
| Stocks and contracts in progress | 3 | €383,440 | €420,103 | +€36,663 | +9.6% |
| Stocks | 30/36 | €383,440 | €420,103 | +€36,663 | +9.6% |
| Amounts receivable within one year | 40/41 | €449 | €3 | -€446 | -99.4% |
| Other amounts receivable | 41 | €449 | €3 | -€446 | -99.4% |
| Cash at bank and in hand | 54/58 | €154 | €447 | +€293 | +190% |
| Deferred charges and accrued income | 490/1 | - | €2,143 | +€2,143 | |
| Total equity and liabilities | 10/49 | €421,563 | €452,090 | +€30,526 | +7.2% |
| Equity | 10/15 | €163,049 | €173,026 | +€9,977 | +6.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €29,200 | €39,170 | +€9,970 | +34.1% |
| Distributable reserves | 133 | €29,200 | €39,170 | +€9,970 | +34.1% |
| Profit (loss) carried forward | 14 | €113,389 | €113,396 | +€7 | 0.0% |
| Amounts payable | 17/49 | €258,514 | €279,064 | +€20,549 | +7.9% |
| Amounts payable after more than one year | 17 | €105,780 | €124,583 | +€18,803 | +17.8% |
| Financial debts | 170/4 | €105,780 | €124,583 | +€18,803 | +17.8% |
| Amounts payable within one year | 42/48 | €152,734 | €154,481 | +€1,747 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €24,204 | €11,877 | -€12,327 | -50.9% |
| Trade debts | 44 | €6,053 | €10,048 | +€3,996 | +66.0% |
| Suppliers | 440/4 | €6,053 | €10,048 | +€3,996 | +66.0% |
| Taxes, remuneration and social security | 45 | €5,513 | €7,590 | +€2,077 | +37.7% |
| Taxes | 450/3 | €5,513 | €7,590 | +€2,077 | +37.7% |
| Other amounts payable | 47/48 | €116,965 | €124,965 | +€8,000 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,126 | €8,126 | = | 0.0% |
| Other operating charges | 640/8 | €1,758 | €2,001 | +€243 | +13.8% |
| Gross operating margin | 9900 | €31,044 | €32,520 | +€1,476 | +4.8% |
| Operating profit (loss) | 9901 | €21,160 | €22,393 | +€1,233 | +5.8% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €4,864 | €7,424 | +€2,560 | +52.6% |
| Recurring financial charges | 65 | €4,864 | €7,424 | +€2,560 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | €16,304 | €14,969 | -€1,335 | -8.2% |
| Income taxes | 67/77 | €5,513 | €4,992 | -€521 | -9.4% |
| Profit (loss) for the period | 9904 | €10,791 | €9,977 | -€814 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,791 | €9,977 | -€814 | -7.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.