Wilmagz: 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.
Wilmagz
Largest movements
- Intangible fixed assets +€322,051
new in 2025: €322,051
- Cash -€102,216
down €102,216 (-88.4%), from €115,622 to €13,406
mainly Investment in fixed assets (net) (-€412,500) and Trade debts (-€73,059)
- Tangible fixed assets +€60,614
up €60,614 (+99.2%), from €61,078 to €121,691
of which Furniture and vehicles: +€61,147
- Current investments +€42,626
up €42,626 (+184%), from €23,137 to €65,763
- Stocks and contracts +€37,431
up €37,431 (+21.5%), from €174,179 to €211,609
- Debts after one year +€264,770
up €264,770 (+712%), from €37,167 to €301,937
- Other debts +€112,506
up €112,506 (+164%), from €68,565 to €181,071
- Trade debts -€73,059
down €73,059 (-43.4%), from €168,328 to €95,268
- Current portion of long-term debt +€48,282
up €48,282 (+1,587%), from €3,042 to €51,324
- Tax, wage and social debts +€21,449
up €21,449 (+81.9%), from €26,185 to €47,634
of which Taxes: +€19,344
- Financial charges +€40,200
up €40,200 (+537%), from €7,490 to €47,690
- Depreciation +€20,414
up €20,414 (+217%), from €9,421 to €29,835
- Gross operating margin +€17,359
up €17,359 (+11.2%), from €154,627 to €171,986
- Taxes -€10,128
down €10,128 (-47.0%), from €21,550 to €11,422
- Staff costs -€2,009
down €2,009 (-3.6%), from €55,743 to €53,734
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 | €382,684 | €770,446 | +€387,761 | +101% |
| Fixed assets | 21/28 | €61,078 | €443,743 | +€382,665 | +627% |
| Intangible fixed assets | 21 | - | €322,051 | +€322,051 | |
| Tangible fixed assets | 22/27 | €61,078 | €121,691 | +€60,614 | +99.2% |
| Plant, machinery and equipment | 23 | €49,961 | €49,428 | -€533 | -1.1% |
| Furniture and vehicles | 24 | €11,117 | €72,264 | +€61,147 | +550% |
| Current assets | 29/58 | €321,607 | €326,703 | +€5,096 | +1.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €174,179 | €211,609 | +€37,431 | +21.5% |
| Stocks | 30/36 | €174,179 | €211,609 | +€37,431 | +21.5% |
| Amounts receivable within one year | 40/41 | €5,915 | €31,094 | +€25,179 | +426% |
| Trade receivables | 40 | €2,334 | €14,740 | +€12,406 | +532% |
| Other amounts receivable | 41 | €3,581 | €16,354 | +€12,773 | +357% |
| Current investments | 50/53 | €23,137 | €65,763 | +€42,626 | +184% |
| Cash at bank and in hand | 54/58 | €115,622 | €13,406 | -€102,216 | -88.4% |
| Deferred charges and accrued income | 490/1 | €2,754 | €4,831 | +€2,077 | +75.4% |
| Total equity and liabilities | 10/49 | €382,684 | €770,446 | +€387,761 | +101% |
| Equity | 10/15 | €79,397 | €89,632 | +€10,234 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,797 | €71,032 | +€10,234 | +16.8% |
| Amounts payable | 17/49 | €303,287 | €680,814 | +€377,527 | +124% |
| Amounts payable after more than one year | 17 | €37,167 | €301,937 | +€264,770 | +712% |
| Financial debts | 170/4 | €37,167 | €301,937 | +€264,770 | +712% |
| Amounts payable within one year | 42/48 | €266,120 | €375,298 | +€109,178 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €3,042 | €51,324 | +€48,282 | +1,587% |
| Trade debts | 44 | €168,328 | €95,268 | -€73,059 | -43.4% |
| Suppliers | 440/4 | €168,328 | €95,268 | -€73,059 | -43.4% |
| Taxes, remuneration and social security | 45 | €26,185 | €47,634 | +€21,449 | +81.9% |
| Taxes | 450/3 | €21,550 | €40,895 | +€19,344 | +89.8% |
| Remuneration and social security | 454/9 | €4,635 | €6,740 | +€2,104 | +45.4% |
| Other amounts payable | 47/48 | €68,565 | €181,071 | +€112,506 | +164% |
| Accrued charges and deferred income | 492/3 | - | €3,579 | +€3,579 | |
| Remuneration, social security and pensions | 62 | €55,743 | €53,734 | -€2,009 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,421 | €29,835 | +€20,414 | +217% |
| Other operating charges | 640/8 | €692 | €1,947 | +€1,254 | +181% |
| Gross operating margin | 9900 | €154,627 | €171,986 | +€17,359 | +11.2% |
| Operating profit (loss) | 9901 | €88,771 | €86,470 | -€2,301 | -2.6% |
| Financial income | 75/76B | €1,067 | €2,376 | +€1,310 | +123% |
| Recurring financial income | 75 | €1,067 | €2,376 | +€1,310 | +123% |
| Financial charges | 65/66B | €7,490 | €47,690 | +€40,200 | +537% |
| Recurring financial charges | 65 | €7,490 | €47,690 | +€40,200 | +537% |
| Profit (loss) for the period before taxes | 9903 | €82,348 | €41,156 | -€41,191 | -50.0% |
| Income taxes | 67/77 | €21,550 | €11,422 | -€10,128 | -47.0% |
| Profit (loss) for the period | 9904 | €60,797 | €29,734 | -€31,063 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,797 | €29,734 | -€31,063 | -51.1% |
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 27 October 2026 via checked.be.