WILVAGRO: 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.
WILVAGRO
Largest movements
- Cash +€146,670
up €146,670 (+511%), from €28,707 to €175,377
mainly Depreciation (+€523,976) and Current portion of long-term debt (+€60,184)
- Tangible fixed assets -€141,040
down €141,040 (-9.5%), from €1.5m to €1.3m
of which Plant, machinery and equipment: -€205,651
- Receivables within one year -€49,883
down €49,883 (-8.7%), from €574,582 to €524,698
of which Trade receivables: -€61,391
- Debts after one year -€175,329
down €175,329 (-16.5%), from €1.1m to €884,605
- Current portion of long-term debt +€60,184
up €60,184 (+13.2%), from €455,419 to €515,603
- Reserves +€37,762
up €37,762 (+13.6%), from €277,164 to €314,926
of which Distributable reserves: +€37,762
- Staff costs +€100,294
up €100,294 (+52.8%), from €189,842 to €290,135
- Gross operating margin +€80,927
up €80,927 (+9.7%), from €834,518 to €915,446
- Depreciation -€45,729
down €45,729 (-8.0%), from €569,705 to €523,976
- Financial charges +€11,490
up €11,490 (+22.6%), from €50,837 to €62,328
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 | €2,107,215 | €2,059,522 | -€47,693 | -2.3% |
| Fixed assets | 21/28 | €1,488,645 | €1,347,605 | -€141,040 | -9.5% |
| Tangible fixed assets | 22/27 | €1,486,350 | €1,345,310 | -€141,040 | -9.5% |
| Plant, machinery and equipment | 23 | €600,080 | €394,429 | -€205,651 | -34.3% |
| Furniture and vehicles | 24 | €305,052 | €238,253 | -€66,800 | -21.9% |
| Leasing and similar rights | 25 | €581,217 | €712,628 | +€131,411 | +22.6% |
| Financial fixed assets | 28 | €2,295 | €2,295 | = | 0.0% |
| Current assets | 29/58 | €618,571 | €711,917 | +€93,347 | +15.1% |
| Amounts receivable within one year | 40/41 | €574,582 | €524,698 | -€49,883 | -8.7% |
| Trade receivables | 40 | €551,762 | €490,371 | -€61,391 | -11.1% |
| Other amounts receivable | 41 | €22,820 | €34,328 | +€11,507 | +50.4% |
| Cash at bank and in hand | 54/58 | €28,707 | €175,377 | +€146,670 | +511% |
| Deferred charges and accrued income | 490/1 | €15,282 | €11,842 | -€3,440 | -22.5% |
| Total equity and liabilities | 10/49 | €2,107,215 | €2,059,522 | -€47,693 | -2.3% |
| Equity | 10/15 | €295,714 | €333,476 | +€37,762 | +12.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €277,164 | €314,926 | +€37,762 | +13.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €258,414 | €296,176 | +€37,762 | +14.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,811,501 | €1,726,046 | -€85,455 | -4.7% |
| Amounts payable after more than one year | 17 | €1,059,934 | €884,605 | -€175,329 | -16.5% |
| Financial debts | 170/4 | €1,059,934 | €884,605 | -€175,329 | -16.5% |
| Amounts payable within one year | 42/48 | €749,136 | €841,441 | +€92,306 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €455,419 | €515,603 | +€60,184 | +13.2% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €148,518 | €163,526 | +€15,007 | +10.1% |
| Suppliers | 440/4 | €148,518 | €163,526 | +€15,007 | +10.1% |
| Taxes, remuneration and social security | 45 | €20,047 | €37,130 | +€17,083 | +85.2% |
| Taxes | 450/3 | €280 | €6,113 | +€5,832 | +2,083% |
| Remuneration and social security | 454/9 | €19,767 | €31,017 | +€11,250 | +56.9% |
| Other amounts payable | 47/48 | €151 | €182 | +€31 | +20.7% |
| Accrued charges and deferred income | 492/3 | €2,431 | €0 | -€2,431 | -100% |
| Non-recurring operating income | 76A | €0 | €70,000 | +€70,000 | |
| Remuneration, social security and pensions | 62 | €189,842 | €290,135 | +€100,294 | +52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €569,705 | €523,976 | -€45,729 | -8.0% |
| Other operating charges | 640/8 | €2,938 | €2,085 | -€853 | -29.0% |
| Gross operating margin | 9900 | €834,518 | €915,446 | +€80,927 | +9.7% |
| Operating profit (loss) | 9901 | €72,033 | €99,250 | +€27,217 | +37.8% |
| Financial income | 75/76B | €905 | €1,999 | +€1,094 | +121% |
| Recurring financial income | 75 | €905 | €1,999 | +€1,094 | +121% |
| Financial charges | 65/66B | €50,837 | €62,328 | +€11,490 | +22.6% |
| Recurring financial charges | 65 | €50,837 | €62,328 | +€11,490 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €22,101 | €38,921 | +€16,820 | +76.1% |
| Income taxes | 67/77 | €149 | €1,159 | +€1,011 | +681% |
| Profit (loss) for the period | 9904 | €21,953 | €37,762 | +€15,809 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,953 | €37,762 | +€15,809 | +72.0% |
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 19 October 2026 via checked.be.