WILGRO: 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.
WILGRO
Largest movements
- Receivables within one year -€1.0m
down €1.0m (-57.4%), from €1.8m to €760,481
- Receivables after one year +€675,834
up €675,834 (+15.6%), from €4.3m to €5.0m
- Cash -€253,712
down €253,712 (-73.8%), from €343,729 to €90,018
mainly Contributions, distributions and other (-€1.9m) and Receivables after one year (-€675,834)
- Current investments +€248,777
up €248,777 (+2.3%), from €10.7m to €11.0m
- Reserves -€721,757
down €721,757 (-3.4%), from €20.9m to €20.2m
of which Distributable reserves: -€406,007
- Other debts +€436,883
up €436,883 (+4,599%), from €9,499 to €446,382
- Financial income +€465,943
up €465,943 (+30.7%), from €1.5m to €2.0m
- Taxes +€296,937
up €296,937 (+109%), from €271,600 to €568,537
- Financial charges -€65,956
down €65,956 (-32.7%), from €201,942 to €135,986
- Gross operating margin +€13,765
up €13,765 (+14.3%), from -€96,487 to -€82,722
- Depreciation +€11,703
up €11,703 (+1,509%), from €775 to €12,478
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 | €21,093,646 | €20,874,409 | -€219,237 | -1.0% |
| Fixed assets | 21/28 | €3,868,364 | €3,995,375 | +€127,011 | +3.3% |
| Tangible fixed assets | 22/27 | €1,824 | €128,835 | +€127,011 | +6,965% |
| Furniture and vehicles | 24 | €1,824 | €128,835 | +€127,011 | +6,965% |
| Financial fixed assets | 28 | €3,866,541 | €3,866,541 | = | 0.0% |
| Current assets | 29/58 | €17,225,282 | €16,879,034 | -€346,248 | -2.0% |
| Amounts receivable after more than one year | 29 | €4,344,806 | €5,020,640 | +€675,834 | +15.6% |
| Other amounts receivable | 291 | €4,344,806 | €5,020,640 | +€675,834 | +15.6% |
| Amounts receivable within one year | 40/41 | €1,786,199 | €760,481 | -€1.0m | -57.4% |
| Other amounts receivable | 41 | €1,786,199 | €760,481 | -€1.0m | -57.4% |
| Current investments | 50/53 | €10,749,854 | €10,998,631 | +€248,777 | +2.3% |
| Cash at bank and in hand | 54/58 | €343,729 | €90,018 | -€253,712 | -73.8% |
| Deferred charges and accrued income | 490/1 | €693 | €9,264 | +€8,571 | +1,236% |
| Total equity and liabilities | 10/49 | €21,093,646 | €20,874,409 | -€219,237 | -1.0% |
| Equity | 10/15 | €20,990,596 | €20,268,840 | -€721,757 | -3.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €20,924,164 | €20,202,407 | -€721,757 | -3.4% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €315,750 | €0 | -€315,750 | -100% |
| Distributable reserves | 133 | €20,602,264 | €20,196,257 | -€406,007 | -2.0% |
| Profit (loss) carried forward | 14 | €4,932 | €4,933 | +€0 | 0.0% |
| Amounts payable | 17/49 | €103,050 | €605,570 | +€502,520 | +488% |
| Amounts payable within one year | 42/48 | €90,487 | €594,348 | +€503,861 | +557% |
| Trade debts | 44 | €1,842 | €12,501 | +€10,659 | +579% |
| Suppliers | 440/4 | €1,842 | €12,501 | +€10,659 | +579% |
| Taxes, remuneration and social security | 45 | €79,146 | €135,465 | +€56,319 | +71.2% |
| Taxes | 450/3 | €79,146 | €135,465 | +€56,319 | +71.2% |
| Other amounts payable | 47/48 | €9,499 | €446,382 | +€436,883 | +4,599% |
| Accrued charges and deferred income | 492/3 | €12,563 | €11,222 | -€1,341 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €775 | €12,478 | +€11,703 | +1,509% |
| Other operating charges | 640/8 | €15,346 | €15,781 | +€435 | +2.8% |
| Gross operating margin | 9900 | -€96,487 | -€82,722 | +€13,765 | +14.3% |
| Operating profit (loss) | 9901 | -€112,609 | -€110,981 | +€1,627 | +1.4% |
| Financial income | 75/76B | €1,516,530 | €1,982,473 | +€465,943 | +30.7% |
| Recurring financial income | 75 | €1,516,530 | €1,982,473 | +€465,943 | +30.7% |
| Financial charges | 65/66B | €201,942 | €135,986 | -€65,956 | -32.7% |
| Recurring financial charges | 65 | €201,942 | €135,986 | -€65,956 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €1,201,979 | €1,735,505 | +€533,526 | +44.4% |
| Income taxes | 67/77 | €271,600 | €568,537 | +€296,937 | +109% |
| Profit (loss) for the period | 9904 | €930,379 | €1,166,968 | +€236,589 | +25.4% |
| Transfer from tax-exempt reserves | 789 | - | €315,750 | +€315,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €930,379 | €1,482,718 | +€552,339 | +59.4% |
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 22 October 2026 via checked.be.