WILGE: 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.
What changed
WILGE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€25,885
2024 · -€57,532+€31,646
Equity
€1.1m
2024 · €1.2m-€25,885
Cash
€6,844
2024 · €34,706-€27,862
Balance sheet total
€1.3m
2024 · €1.4m-€42,190
Largest movements
Assets
- Current investments -€37,125
down €37,125 (-23.4%), from €158,700 to €121,575
- Cash -€27,862
down €27,862 (-80.3%), from €34,706 to €6,844
mainly Investment in fixed assets (net) (-€35,183) and Net result for the year (-€25,885)
- Receivables after one year +€16,516
up €16,516 (+3.3%), from €495,964 to €512,480
Equity and liabilities
- Debts after one year -€21,255
down €21,255 (-21.1%), from €100,792 to €79,537
Income statement
- Write-downs +€60,496
no longer reported in 2025 (was -€60,496)
- Taxes -€12,650
down €12,650 (-97.0%), from €13,035 to €385
- Depreciation -€6,405
down €6,405 (-18.0%), from €35,543 to €29,138
- Financial charges -€1,865
down €1,865 (-21.5%), from €8,677 to €6,812
- Gross operating margin -€1,864
down €1,864 (-70.9%), from €2,627 to €764
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.
Result 2024
-€57,532
Gross operating margin
-€1,864
Depreciation
+€6,405
Write-downs
-€60,496
Other operating charges
-€121
Other operating items
+€72,711
Financial income
+€495
Financial charges
+€1,865
Taxes
+€12,650
Result 2025
-€25,885
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€9,082
Investment
+€1,942
Financing
-€20,722
Cash 2024
€34,706
From operations (derived)
-€9,082
Net result for the year
-€25,885
Depreciation
+€29,138
Receivables after one year
-€16,516
Receivables within one year
+€66
Deferred charges and accrued income
-€303
Trade debts
-€2,360
Tax, wage and social debts
+€5,140
Other debts
+€1,519
Accrued charges and deferred income
+€119
Investment (derived)
+€1,942
Investment in fixed assets (net)
-€35,183
Current investments
+€37,125
Financing
-€20,722
Debts after one year
-€21,255
Current portion of long-term debt
+€533
Cash 2025
€6,844
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,389,644 | €1,347,454 | -€42,190 | -3.0% |
| Fixed assets | 21/28 | €672,521 | €678,566 | +€6,045 | +0.9% |
| Tangible fixed assets | 22/27 | €661,011 | €667,056 | +€6,045 | +0.9% |
| Land and buildings | 22 | €648,774 | €621,611 | -€27,163 | -4.2% |
| Furniture and vehicles | 24 | €12,237 | €45,445 | +€33,208 | +271% |
| Financial fixed assets | 28 | €11,510 | €11,510 | = | 0.0% |
| Current assets | 29/58 | €717,123 | €668,888 | -€48,235 | -6.7% |
| Amounts receivable after more than one year | 29 | €495,964 | €512,480 | +€16,516 | +3.3% |
| Other amounts receivable | 291 | €495,964 | €512,480 | +€16,516 | +3.3% |
| Stocks and contracts in progress | 3 | €17,250 | €17,250 | = | 0.0% |
| Stocks | 30/36 | €17,250 | €17,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,052 | €7,986 | -€66 | -0.8% |
| Trade receivables | 40 | €378 | €378 | = | 0.0% |
| Other amounts receivable | 41 | €7,674 | €7,608 | -€66 | -0.9% |
| Current investments | 50/53 | €158,700 | €121,575 | -€37,125 | -23.4% |
| Cash at bank and in hand | 54/58 | €34,706 | €6,844 | -€27,862 | -80.3% |
| Deferred charges and accrued income | 490/1 | €2,451 | €2,754 | +€303 | +12.4% |
| Total equity and liabilities | 10/49 | €1,389,644 | €1,347,454 | -€42,190 | -3.0% |
| Equity | 10/15 | €1,160,642 | €1,134,756 | -€25,885 | -2.2% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €473,407 | €460,271 | -€13,136 | -2.8% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €135,618 | €122,482 | -€13,136 | -9.7% |
| Distributable reserves | 133 | €313,000 | €313,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €439,341 | €426,591 | -€12,750 | -2.9% |
| Amounts payable | 17/49 | €229,002 | €212,697 | -€16,305 | -7.1% |
| Amounts payable after more than one year | 17 | €100,792 | €79,537 | -€21,255 | -21.1% |
| Financial debts | 170/4 | €100,792 | €79,537 | -€21,255 | -21.1% |
| Amounts payable within one year | 42/48 | €127,669 | €132,501 | +€4,831 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €20,722 | €21,255 | +€533 | +2.6% |
| Financial debts | 43 | €72,500 | €72,500 | = | 0.0% |
| Credit institutions | 430/8 | €72,500 | €72,500 | = | 0.0% |
| Trade debts | 44 | €3,383 | €1,023 | -€2,360 | -69.7% |
| Suppliers | 440/4 | €3,383 | €1,023 | -€2,360 | -69.7% |
| Taxes, remuneration and social security | 45 | €13,754 | €18,894 | +€5,140 | +37.4% |
| Taxes | 450/3 | €13,754 | €18,894 | +€5,140 | +37.4% |
| Other amounts payable | 47/48 | €17,309 | €18,828 | +€1,519 | +8.8% |
| Accrued charges and deferred income | 492/3 | €541 | €660 | +€119 | +22.0% |
| Non-recurring operating income | 76A | - | €12,556 | +€12,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,543 | €29,138 | -€6,405 | -18.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€60,496 | - | +€60,496 | |
| Other operating charges | 640/8 | €6,710 | €6,830 | +€121 | +1.8% |
| Non-recurring operating charges | 66A | €72,711 | - | -€72,711 | |
| Gross operating margin | 9900 | €2,627 | €764 | -€1,864 | -70.9% |
| Operating profit (loss) | 9901 | -€51,840 | -€35,204 | +€16,636 | +32.1% |
| Financial income | 75/76B | €16,021 | €16,516 | +€495 | +3.1% |
| Recurring financial income | 75 | €16,021 | €16,516 | +€495 | +3.1% |
| Financial charges | 65/66B | €8,677 | €6,812 | -€1,865 | -21.5% |
| Recurring financial charges | 65 | €8,677 | €6,812 | -€1,865 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€44,497 | -€25,501 | +€18,996 | +42.7% |
| Income taxes | 67/77 | €13,035 | €385 | -€12,650 | -97.0% |
| Profit (loss) for the period | 9904 | -€57,532 | -€25,885 | +€31,646 | +55.0% |
| Transfer from tax-exempt reserves | 789 | €93,061 | €13,136 | -€79,925 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,529 | -€12,750 | -€48,279 |
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 13 October 2026 via checked.be.