WILGELOVER: 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.
WILGELOVER
Largest movements
- Tangible fixed assets +€3.5m
up €3.5m (+110%), from €3.2m to €6.6m
of which Land and buildings: +€3.6m
- Financial fixed assets -€1.9m
down €1.9m (-43.4%), from €4.3m to €2.4m
- Current investments +€662,842
up €662,842 (+71.7%), from €924,880 to €1.6m
- Cash +€589,934
up €589,934 (+468%), from €126,032 to €715,967
mainly Other debts (+€1.6m) and Contributions, distributions and other (+€920,052)
- Revaluation surpluses +€3.8m
new in 2025: €3.8m
- Reserves -€2.1m
down €2.1m (-31.7%), from €6.7m to €4.6m
of which Distributable reserves: -€2.1m
- Other debts +€1.6m
new in 2025: €1.6m
- Debts after one year -€358,406
down €358,406 (-31.9%), from €1.1m to €764,746
of which Financial debts: -€375,000
- Gross operating margin -€209,501
down €209,501 (-12.4%), from €1.7m to €1.5m
- Taxes -€69,917
down €69,917 (-16.9%), from €414,537 to €344,620
- Other operating charges +€18,877
up €18,877 (+7.5%), from €251,277 to €270,153
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 | €8,532,016 | €11,424,404 | +€2.9m | +33.9% |
| Fixed assets | 21/28 | €7,480,374 | €9,080,736 | +€1.6m | +21.4% |
| Tangible fixed assets | 22/27 | €3,159,399 | €6,634,547 | +€3.5m | +110% |
| Land and buildings | 22 | €2,666,625 | €6,315,658 | +€3.6m | +137% |
| Plant, machinery and equipment | 23 | €407,994 | €258,148 | -€149,845 | -36.7% |
| Furniture and vehicles | 24 | €70,868 | €50,298 | -€20,570 | -29.0% |
| Assets under construction and advance payments | 27 | €13,913 | €10,442 | -€3,471 | -24.9% |
| Financial fixed assets | 28 | €4,320,975 | €2,446,189 | -€1.9m | -43.4% |
| Current assets | 29/58 | €1,051,641 | €2,343,668 | +€1.3m | +123% |
| Amounts receivable within one year | 40/41 | €729 | €39,979 | +€39,250 | +5,384% |
| Trade receivables | 40 | €729 | €39,979 | +€39,250 | +5,384% |
| Current investments | 50/53 | €924,880 | €1,587,722 | +€662,842 | +71.7% |
| Cash at bank and in hand | 54/58 | €126,032 | €715,967 | +€589,934 | +468% |
| Total equity and liabilities | 10/49 | €8,532,016 | €11,424,404 | +€2.9m | +33.9% |
| Equity | 10/15 | €7,154,931 | €8,816,602 | +€1.7m | +23.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €3,786,052 | +€3.8m | |
| Reserves | 13 | €6,700,943 | €4,575,943 | -€2.1m | -31.7% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €649,493 | €649,493 | = | 0.0% |
| Distributable reserves | 133 | €6,036,450 | €3,911,450 | -€2.1m | -35.2% |
| Profit (loss) carried forward | 14 | €303,988 | €304,608 | +€620 | +0.2% |
| Amounts payable | 17/49 | €1,377,085 | €2,607,801 | +€1.2m | +89.4% |
| Amounts payable after more than one year | 17 | €1,123,152 | €764,746 | -€358,406 | -31.9% |
| Financial debts | 170/4 | €1,110,000 | €735,000 | -€375,000 | -33.8% |
| Other amounts payable | 178/9 | €13,152 | €29,746 | +€16,594 | +126% |
| Amounts payable within one year | 42/48 | €148,840 | €1,701,403 | +€1.6m | +1,043% |
| Trade debts | 44 | €6,311 | €1,306 | -€5,005 | -79.3% |
| Suppliers | 440/4 | €6,311 | €1,306 | -€5,005 | -79.3% |
| Taxes, remuneration and social security | 45 | €142,529 | €110,573 | -€31,956 | -22.4% |
| Taxes | 450/3 | €142,529 | €110,573 | -€31,956 | -22.4% |
| Other amounts payable | 47/48 | - | €1,589,525 | +€1.6m | |
| Accrued charges and deferred income | 492/3 | €105,093 | €141,653 | +€36,560 | +34.8% |
| Non-recurring operating income | 76A | €23,442 | €0 | -€23,442 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312,896 | €310,904 | -€1,992 | -0.6% |
| Other operating charges | 640/8 | €251,277 | €270,153 | +€18,877 | +7.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,687,359 | €1,477,858 | -€209,501 | -12.4% |
| Operating profit (loss) | 9901 | €1,123,187 | €896,801 | -€226,386 | -20.2% |
| Financial income | 75/76B | €267,341 | €268,540 | +€1,198 | +0.4% |
| Recurring financial income | 75 | €267,341 | €268,540 | +€1,198 | +0.4% |
| Financial charges | 65/66B | €83,325 | €79,101 | -€4,224 | -5.1% |
| Recurring financial charges | 65 | €83,325 | €79,101 | -€4,224 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €1,307,203 | €1,086,239 | -€220,964 | -16.9% |
| Income taxes | 67/77 | €414,537 | €344,620 | -€69,917 | -16.9% |
| Profit (loss) for the period | 9904 | €892,666 | €741,620 | -€151,046 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €892,666 | €741,620 | -€151,046 | -16.9% |
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 29 October 2026 via checked.be.