WILGARDO: 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.
WILGARDO
Largest movements
- Stocks and contracts -€187,104
no longer reported in 2024 (was €187,104)
- Receivables within one year +€102,386
up €102,386 (+110.7%), from €92,454 to €194,841
of which Trade receivables: +€96,870
- Cash -€23,307
down €23,307 (-35.5%), from €65,696 to €42,389
mainly Trade debts (-€112,136) and Receivables within one year (-€102,386)
- Tangible fixed assets -€14,333
down €14,333 (-7.5%), from €190,953 to €176,620
of which Land and buildings: -€9,280
- Current investments +€13,624
up €13,624 (+11.1%), from €122,897 to €136,522
- Trade debts -€112,136
down €112,136 (-74.7%), from €150,151 to €38,015
- Other debts +€32,198
up €32,198 (+20.4%), from €157,467 to €189,665
- Tax, wage and social debts -€20,649
down €20,649 (-76.0%), from €27,157 to €6,508
of which Remuneration and social security: -€23,307
- Gross operating margin -€122,228
down €122,228 (-79.6%), from €153,611 to €31,383
- Staff costs -€91,982
down €91,982 (-90.4%), from €101,749 to €9,767
- Financial charges -€6,256
down €6,256 (-85.5%), from €7,318 to €1,062
- Depreciation -€4,613
down €4,613 (-22.4%), from €20,595 to €15,982
- Taxes -€3,742
no longer reported in 2024 (was €3,742)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €668,492 | €557,307 | -€111,185 | -16.6% |
| Fixed assets | 21/28 | €193,794 | €179,021 | -€14,773 | -7.6% |
| Intangible fixed assets | 21 | €841 | €401 | -€440 | -52.3% |
| Tangible fixed assets | 22/27 | €190,953 | €176,620 | -€14,333 | -7.5% |
| Land and buildings | 22 | €184,259 | €174,978 | -€9,280 | -5.0% |
| Plant, machinery and equipment | 23 | €178 | - | -€178 | |
| Furniture and vehicles | 24 | €833 | €1,641 | +€808 | +97.0% |
| Leasing and similar rights | 25 | €5,683 | - | -€5,683 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €474,698 | €378,286 | -€96,412 | -20.3% |
| Stocks and contracts in progress | 3 | €187,104 | - | -€187,104 | |
| Stocks | 30/36 | €187,104 | - | -€187,104 | |
| Amounts receivable within one year | 40/41 | €92,454 | €194,841 | +€102,386 | +110.7% |
| Trade receivables | 40 | €84,082 | €180,952 | +€96,870 | +115.2% |
| Other amounts receivable | 41 | €8,373 | €13,889 | +€5,516 | +65.9% |
| Current investments | 50/53 | €122,897 | €136,522 | +€13,624 | +11.1% |
| Cash at bank and in hand | 54/58 | €65,696 | €42,389 | -€23,307 | -35.5% |
| Deferred charges and accrued income | 490/1 | €6,547 | €4,534 | -€2,012 | -30.7% |
| Total equity and liabilities | 10/49 | €668,492 | €557,307 | -€111,185 | -16.6% |
| Equity | 10/15 | €216,249 | €216,320 | +€71 | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €196,249 | €196,320 | +€71 | 0.0% |
| Distributable reserves | 133 | €196,249 | €196,320 | +€71 | 0.0% |
| Amounts payable | 17/49 | €452,243 | €340,987 | -€111,256 | -24.6% |
| Amounts payable after more than one year | 17 | €42,162 | €36,009 | -€6,154 | -14.6% |
| Financial debts | 170/4 | €40,512 | €34,359 | -€6,154 | -15.2% |
| Other amounts payable | 178/9 | €1,650 | €1,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €405,026 | €298,446 | -€106,579 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €10,250 | €7,258 | -€2,992 | -29.2% |
| Financial debts | 43 | €60,000 | €57,000 | -€3,000 | -5.0% |
| Credit institutions | 430/8 | €60,000 | €57,000 | -€3,000 | -5.0% |
| Trade debts | 44 | €150,151 | €38,015 | -€112,136 | -74.7% |
| Suppliers | 440/4 | €150,151 | €38,015 | -€112,136 | -74.7% |
| Taxes, remuneration and social security | 45 | €27,157 | €6,508 | -€20,649 | -76.0% |
| Taxes | 450/3 | €3,850 | €6,508 | +€2,658 | +69.0% |
| Remuneration and social security | 454/9 | €23,307 | - | -€23,307 | |
| Other amounts payable | 47/48 | €157,467 | €189,665 | +€32,198 | +20.4% |
| Accrued charges and deferred income | 492/3 | €5,055 | €6,532 | +€1,478 | +29.2% |
| Non-recurring operating income | 76A | - | €32,293 | +€32,293 | |
| Remuneration, social security and pensions | 62 | €101,749 | €9,767 | -€91,982 | -90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,595 | €15,982 | -€4,613 | -22.4% |
| Other operating charges | 640/8 | €8,487 | €8,696 | +€209 | +2.5% |
| Gross operating margin | 9900 | €153,611 | €31,383 | -€122,228 | -79.6% |
| Operating profit (loss) | 9901 | €22,780 | -€3,063 | -€25,843 | |
| Financial income | 75/76B | €1,859 | €4,195 | +€2,336 | +125.7% |
| Recurring financial income | 75 | €1,859 | €4,195 | +€2,336 | +125.7% |
| Financial charges | 65/66B | €7,318 | €1,062 | -€6,256 | -85.5% |
| Recurring financial charges | 65 | €7,318 | €1,062 | -€6,256 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | €17,321 | €71 | -€17,250 | -99.6% |
| Income taxes | 67/77 | €3,742 | - | -€3,742 | |
| Profit (loss) for the period | 9904 | €13,579 | €71 | -€13,508 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,579 | €71 | -€13,508 | -99.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.