WILGO-KEUKENS: 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.
WILGO-KEUKENS
Largest movements
- Deferred charges and accrued income -€23,353
down €23,353 (-84.4%), from €27,685 to €4,333
- Cash -€16,032
down €16,032 (-33.3%), from €48,084 to €32,052
mainly Debts after one year (-€30,995) and Net result for the year (-€26,978)
- Receivables within one year +€6,211
up €6,211 (+35.8%), from €17,338 to €23,549
of which Trade receivables: +€16,698
- Contributions -€93,803
down €93,803 (-75.0%), from €125,000 to €31,197
- Reserves +€66,825
up €66,825 (+102%), from €65,654 to €132,478
- Short-term financial debts +€40,679
new in 2025: €40,679
- Debts after one year -€30,995
down €30,995 (-36.8%), from €84,212 to €53,217
- Advances received -€6,923
no longer reported in 2025 (was €6,923)
- Gross operating margin -€95,604
down €95,604, from €75,641 to -€19,962
- Depreciation -€34,806
no longer reported in 2025 (was €34,806)
- Other operating charges -€10,195
down €10,195 (-95.2%), from €10,710 to €515
- Taxes -€2,773
down €2,773 (-93.7%), from €2,958 to €185
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 | €361,506 | €331,427 | -€30,079 | -8.3% |
| Fixed assets | 21/28 | €258,399 | €261,494 | +€3,095 | +1.2% |
| Tangible fixed assets | 22/27 | €258,399 | €261,494 | +€3,095 | +1.2% |
| Land and buildings | 22 | €102,300 | €105,395 | +€3,095 | +3.0% |
| Plant, machinery and equipment | 23 | €19,890 | €19,890 | = | 0.0% |
| Furniture and vehicles | 24 | €136,208 | €136,208 | = | 0.0% |
| Current assets | 29/58 | €103,107 | €69,933 | -€33,173 | -32.2% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Contracts in progress | 37 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,338 | €23,549 | +€6,211 | +35.8% |
| Trade receivables | 40 | €3,295 | €19,993 | +€16,698 | +507% |
| Other amounts receivable | 41 | €14,042 | €3,556 | -€10,487 | -74.7% |
| Cash at bank and in hand | 54/58 | €48,084 | €32,052 | -€16,032 | -33.3% |
| Deferred charges and accrued income | 490/1 | €27,685 | €4,333 | -€23,353 | -84.4% |
| Total equity and liabilities | 10/49 | €361,506 | €331,427 | -€30,079 | -8.3% |
| Equity | 10/15 | €190,654 | €163,676 | -€26,978 | -14.2% |
| Contributions | 10/11 | €125,000 | €31,197 | -€93,803 | -75.0% |
| Reserves | 13 | €65,654 | €132,478 | +€66,825 | +102% |
| Distributable reserves | 133 | €65,654 | €132,478 | +€66,825 | +102% |
| Amounts payable | 17/49 | €170,852 | €167,751 | -€3,101 | -1.8% |
| Amounts payable after more than one year | 17 | €84,212 | €53,217 | -€30,995 | -36.8% |
| Financial debts | 170/4 | €84,212 | €53,217 | -€30,995 | -36.8% |
| Amounts payable within one year | 42/48 | €85,999 | €112,916 | +€26,917 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €29,772 | €30,995 | +€1,222 | +4.1% |
| Financial debts | 43 | - | €40,679 | +€40,679 | |
| Credit institutions | 430/8 | - | €40,679 | +€40,679 | |
| Trade debts | 44 | €8,480 | €6,322 | -€2,158 | -25.4% |
| Suppliers | 440/4 | €8,480 | €6,322 | -€2,158 | -25.4% |
| Advances received on contracts in progress | 46 | €6,923 | - | -€6,923 | |
| Taxes, remuneration and social security | 45 | €4,871 | €185 | -€4,686 | -96.2% |
| Taxes | 450/3 | €4,871 | €185 | -€4,686 | -96.2% |
| Other amounts payable | 47/48 | €35,952 | €34,735 | -€1,217 | -3.4% |
| Accrued charges and deferred income | 492/3 | €642 | €1,618 | +€976 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,806 | - | -€34,806 | |
| Other operating charges | 640/8 | €10,710 | €515 | -€10,195 | -95.2% |
| Gross operating margin | 9900 | €75,641 | -€19,962 | -€95,604 | |
| Operating profit (loss) | 9901 | €30,126 | -€20,477 | -€50,603 | |
| Financial income | 75/76B | €1,113 | €381 | -€731 | -65.7% |
| Recurring financial income | 75 | €1,113 | €381 | -€731 | -65.7% |
| Financial charges | 65/66B | €6,664 | €6,697 | +€34 | +0.5% |
| Recurring financial charges | 65 | €6,664 | €6,697 | +€34 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €24,575 | -€26,793 | -€51,368 | |
| Income taxes | 67/77 | €2,958 | €185 | -€2,773 | -93.7% |
| Profit (loss) for the period | 9904 | €21,617 | -€26,978 | -€48,595 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,617 | -€26,978 | -€48,595 |
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 26 October 2026 via checked.be.