WHEATLAND: 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.
WHEATLAND
Largest movements
- Financial fixed assets +€4.8m
up €4.8m (+7964059.7%), from €60 to €4.8m
- Deferred charges and accrued income +€1.5m
up €1.5m (+36818.2%), from €4,109 to €1.5m
- Tangible fixed assets +€712,067
up €712,067 (+22.1%), from €3.2m to €3.9m
of which Land and buildings: +€728,993
- Receivables within one year +€118,488
up €118,488 (+350.8%), from €33,781 to €152,269
of which Trade receivables: +€97,481
- Contributions +€4.0m
up €4.0m (+1608.5%), from €247,894 to €4.2m
- Reserves +€3.4m
new in 2025: €3.4m
of which Distributable reserves: +€3.3m
- Other debts -€1.7m
down €1.7m (-60.9%), from €2.9m to €1.1m
- Debts after one year +€1.1m
up €1.1m (+2984.6%), from €36,422 to €1.1m
- Trade debts +€153,013
up €153,013 (+417.2%), from €36,678 to €189,691
- Financial income +€504,778
up €504,778, from €0 to €504,778
- Depreciation +€96,552
up €96,552 (+29.0%), from €333,462 to €430,015
- Financial charges +€76,091
up €76,091 (+825.5%), from €9,218 to €85,309
- Taxes +€67,266
up €67,266 (+599.8%), from €11,215 to €78,481
- Gross operating margin +€35,044
up €35,044 (+10.3%), from €339,326 to €374,369
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 | €3,284,759 | €10,420,061 | +€7.1m | +217.2% |
| Fixed assets | 21/28 | €3,218,844 | €8,709,347 | +€5.5m | +170.6% |
| Tangible fixed assets | 22/27 | €3,218,784 | €3,930,851 | +€712,067 | +22.1% |
| Land and buildings | 22 | €2,444,624 | €3,173,617 | +€728,993 | +29.8% |
| Plant, machinery and equipment | 23 | €161,086 | €122,190 | -€38,896 | -24.1% |
| Furniture and vehicles | 24 | €195,274 | €207,644 | +€12,370 | +6.3% |
| Other tangible fixed assets | 26 | €417,800 | €427,400 | +€9,600 | +2.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €60 | €4,778,496 | +€4.8m | +7964059.7% |
| Current assets | 29/58 | €65,916 | €1,710,714 | +€1.6m | +2495.3% |
| Amounts receivable within one year | 40/41 | €33,781 | €152,269 | +€118,488 | +350.8% |
| Trade receivables | 40 | €33,781 | €131,262 | +€97,481 | +288.6% |
| Other amounts receivable | 41 | - | €21,007 | +€21,007 | |
| Cash at bank and in hand | 54/58 | €28,025 | €41,330 | +€13,305 | +47.5% |
| Deferred charges and accrued income | 490/1 | €4,109 | €1,517,114 | +€1.5m | +36818.2% |
| Total equity and liabilities | 10/49 | €3,284,759 | €10,420,061 | +€7.1m | +217.2% |
| Equity | 10/15 | €195,628 | €7,659,861 | +€7.5m | +3815.5% |
| Contributions | 10/11 | €247,894 | €4,235,188 | +€4.0m | +1608.5% |
| Capital | 10 | €247,894 | €4,235,188 | +€4.0m | +1608.5% |
| Issued capital | 100 | €247,894 | €4,235,188 | +€4.0m | +1608.5% |
| Reserves | 13 | - | €3,424,673 | +€3.4m | |
| Non-distributable reserves | 130/1 | - | €171,449 | +€171,449 | |
| Legal reserve | 130 | - | €171,449 | +€171,449 | |
| Distributable reserves | 133 | - | €3,253,224 | +€3.3m | |
| Profit (loss) carried forward | 14 | -€52,266 | €0 | +€52,266 | |
| Amounts payable | 17/49 | €3,089,132 | €2,760,200 | -€328,932 | -10.6% |
| Amounts payable after more than one year | 17 | €36,422 | €1,123,479 | +€1.1m | +2984.6% |
| Financial debts | 170/4 | €36,422 | €1,123,479 | +€1.1m | +2984.6% |
| Amounts payable within one year | 42/48 | €3,048,332 | €1,564,409 | -€1.5m | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €29,761 | €31,103 | +€1,343 | +4.5% |
| Trade debts | 44 | €36,678 | €189,691 | +€153,013 | +417.2% |
| Suppliers | 440/4 | €36,678 | €189,691 | +€153,013 | +417.2% |
| Taxes, remuneration and social security | 45 | €121,927 | €226,603 | +€104,676 | +85.9% |
| Taxes | 450/3 | €121,927 | €226,603 | +€104,676 | +85.9% |
| Other amounts payable | 47/48 | €2,859,966 | €1,117,012 | -€1.7m | -60.9% |
| Accrued charges and deferred income | 492/3 | €4,377 | €72,311 | +€67,934 | +1551.9% |
| Non-recurring operating income | 76A | - | €19,008 | +€19,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333,462 | €430,015 | +€96,552 | +29.0% |
| Other operating charges | 640/8 | €11,467 | €14,227 | +€2,759 | +24.1% |
| Non-recurring operating charges | 66A | €12,042 | €14 | -€12,027 | -99.9% |
| Gross operating margin | 9900 | €339,326 | €374,369 | +€35,044 | +10.3% |
| Operating profit (loss) | 9901 | -€17,646 | -€69,886 | -€52,241 | -296.1% |
| Financial income | 75/76B | €0 | €504,778 | +€504,778 | |
| Recurring financial income | 75 | €0 | €504,778 | +€504,778 | |
| Financial charges | 65/66B | €9,218 | €85,309 | +€76,091 | +825.5% |
| Recurring financial charges | 65 | €9,218 | €85,309 | +€76,091 | +825.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,863 | €349,583 | +€376,446 | |
| Income taxes | 67/77 | €11,215 | €78,481 | +€67,266 | +599.8% |
| Profit (loss) for the period | 9904 | -€38,078 | €271,102 | +€309,180 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,078 | €271,102 | +€309,180 |
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 8 October 2026 via checked.be.