Widar: 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.
Widar
Largest movements
- Tangible fixed assets +€286,002
up €286,002 (+5.9%), from €4.9m to €5.2m
of which Assets under construction and advance payments: +€411,001
- Cash -€125,635
down €125,635 (-97.6%), from €128,707 to €3,073
mainly Investment in fixed assets (net) (-€523,625) and Tax, wage and social debts (-€250,664)
- Tax, wage and social debts -€250,664
down €250,664 (-33.0%), from €759,150 to €508,486
of which Remuneration and social security: -€254,876
- Debts after one year +€161,295
up €161,295 (+20.6%), from €781,434 to €942,729
- Trade debts +€145,283
up €145,283 (+249.5%), from €58,236 to €203,520
- Reserves +€100,873
up €100,873 (+3.5%), from €2.8m to €2.9m
- Profit (loss) carried forward +€74,634
up €74,634 (+74.0%), from €100,873 to €175,508
- Staff costs +€178,279
up €178,279 (+4.9%), from €3.6m to €3.8m
- Turnover +€43,764
up €43,764 (+6.3%), from €697,441 to €741,205
- Goods and materials +€30,795
up €30,795 (+11.1%), from €276,324 to €307,119
- Services and other goods -€29,081
down €29,081 (-8.5%), from €343,197 to €314,116
- Financial charges +€14,919
up €14,919 (+65.9%), from €22,629 to €37,548
of which Financial charges: +€12,228
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 | €5,095,850 | €5,295,570 | +€199,720 | +3.9% |
| Fixed assets | 21/28 | €4,891,404 | €5,174,715 | +€283,311 | +5.8% |
| Tangible fixed assets | 22/27 | €4,883,922 | €5,169,925 | +€286,002 | +5.9% |
| Land and buildings | 22 | €4,092,231 | €3,902,941 | -€189,291 | -4.6% |
| Plant, machinery and equipment | 23 | €52,315 | €91,379 | +€39,063 | +74.7% |
| Furniture and vehicles | 24 | €37,445 | €52,588 | +€15,143 | +40.4% |
| Other tangible fixed assets | 26 | - | €10,086 | +€10,086 | |
| Assets under construction and advance payments | 27 | €701,930 | €1,112,931 | +€411,001 | +58.6% |
| Financial fixed assets | 28 | €7,482 | €4,790 | -€2,692 | -36.0% |
| Affiliated companies | 280/1 | €6,732 | €4,790 | -€1,942 | -28.8% |
| Participating interests | 280 | €6,732 | €4,790 | -€1,942 | -28.8% |
| Other financial fixed assets | 284/8 | €750 | €0 | -€750 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €750 | €0 | -€750 | -100.0% |
| Current assets | 29/58 | €204,446 | €120,855 | -€83,591 | -40.9% |
| Amounts receivable within one year | 40/41 | €75,739 | €108,368 | +€32,630 | +43.1% |
| Trade receivables | 40 | €75,739 | €74,635 | -€1,104 | -1.5% |
| Other amounts receivable | 41 | - | €33,734 | +€33,734 | |
| Cash at bank and in hand | 54/58 | €128,707 | €3,073 | -€125,635 | -97.6% |
| Deferred charges and accrued income | 490/1 | - | €9,414 | +€9,414 | |
| Total equity and liabilities | 10/49 | €5,095,850 | €5,295,570 | +€199,720 | +3.9% |
| Equity | 10/15 | €3,464,941 | €3,603,421 | +€138,481 | +4.0% |
| Contributions | 10/11 | €132,886 | €132,886 | = | 0.0% |
| Capital | 10 | €132,886 | €132,886 | = | 0.0% |
| Reserves | 13 | €2,841,577 | €2,942,451 | +€100,873 | +3.5% |
| Profit (loss) carried forward | 14 | €100,873 | €175,508 | +€74,634 | +74.0% |
| Investment grants | 15 | €389,604 | €352,578 | -€37,027 | -9.5% |
| Amounts payable | 17/49 | €1,630,910 | €1,692,148 | +€61,239 | +3.8% |
| Amounts payable after more than one year | 17 | €781,434 | €942,729 | +€161,295 | +20.6% |
| Financial debts | 170/4 | €781,434 | €942,729 | +€161,295 | +20.6% |
| Other loans | 174 | €781,434 | €942,729 | +€161,295 | +20.6% |
| Amounts payable within one year | 42/48 | €849,475 | €745,249 | -€104,226 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €32,089 | €33,244 | +€1,154 | +3.6% |
| Trade debts | 44 | €58,236 | €203,520 | +€145,283 | +249.5% |
| Suppliers | 440/4 | €58,236 | €203,520 | +€145,283 | +249.5% |
| Taxes, remuneration and social security | 45 | €759,150 | €508,486 | -€250,664 | -33.0% |
| Taxes | 450/3 | - | €4,212 | +€4,212 | |
| Remuneration and social security | 454/9 | €759,150 | €504,274 | -€254,876 | -33.6% |
| Accrued charges and deferred income | 492/3 | - | €4,170 | +€4,170 | |
| Operating income | 70/76A | €4,910,535 | €4,975,882 | +€65,347 | +1.3% |
| Turnover | 70 | €697,441 | €741,205 | +€43,764 | +6.3% |
| Other operating income | 74 | €238,616 | €252,117 | +€13,501 | +5.7% |
| Non-recurring operating income | 76A | €287,328 | €1,350 | -€285,978 | -99.5% |
| Operating charges | 60/66A | €4,787,258 | €4,756,453 | -€30,806 | -0.6% |
| Goods for resale, raw materials and consumables | 60 | €276,324 | €307,119 | +€30,795 | +11.1% |
| Purchases | 600/8 | €276,324 | €307,119 | +€30,795 | +11.1% |
| Services and other goods | 61 | €343,197 | €314,116 | -€29,081 | -8.5% |
| Remuneration, social security and pensions | 62 | €3,616,311 | €3,794,590 | +€178,279 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231,107 | €240,314 | +€9,208 | +4.0% |
| Other operating charges | 640/8 | €32,993 | €29,164 | -€3,829 | -11.6% |
| Non-recurring operating charges | 66A | €287,328 | €71,149 | -€216,178 | -75.2% |
| Operating profit (loss) | 9901 | €123,276 | €219,429 | +€96,153 | +78.0% |
| Financial income | 75/76B | €227 | €458 | +€231 | +102.0% |
| Recurring financial income | 75 | €227 | €458 | +€231 | +102.0% |
| Income from current assets | 751 | €227 | €99 | -€127 | -56.2% |
| Other financial income | 752/9 | - | €358 | +€358 | |
| Financial charges | 65/66B | €22,629 | €37,548 | +€14,919 | +65.9% |
| Recurring financial charges | 65 | €22,629 | €34,857 | +€12,228 | +54.0% |
| Debt charges | 650 | €20,642 | €32,073 | +€11,431 | +55.4% |
| Other financial charges | 652/9 | €1,987 | €2,784 | +€797 | +40.1% |
| Non-recurring financial charges | 66B | - | €2,692 | +€2,692 | |
| Profit (loss) for the period before taxes | 9903 | €100,873 | €182,338 | +€81,465 | +80.8% |
| Income taxes | 67/77 | - | €6,831 | +€6,831 | |
| Taxes | 670/3 | - | €6,831 | +€6,831 | |
| Profit (loss) for the period | 9904 | €100,873 | €175,508 | +€74,634 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,873 | €175,508 | +€74,634 | +74.0% |
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 7 October 2026 via checked.be.