Wilvico: 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.
Wilvico
Largest movements
- Receivables after one year -€120,392
down €120,392 (-36.0%), from €334,755 to €214,363
- Receivables within one year +€19,161
up €19,161 (+7.8%), from €244,961 to €264,123
of which Other amounts receivable: +€112,752
- Cash -€17,016
down €17,016 (-30.8%), from €55,304 to €38,288
mainly Provisions (-€199,320) and Other debts (-€117,013)
- Tangible fixed assets -€14,245
down €14,245 (-12.8%), from €111,371 to €97,126
of which Furniture and vehicles: -€9,222
- Reserves +€247,414
up €247,414 (+110%), from €225,019 to €472,432
of which Distributable reserves: +€247,414
- Provisions -€199,320
down €199,320 (-100%), from €199,320 to €0
- Other debts -€117,013
down €117,013 (-100%), from €117,013 to €0
- Trade debts -€58,952
down €58,952 (-88.7%), from €66,473 to €7,521
- Current portion of long-term debt -€22,812
down €22,812 (-100%), from €22,812 to €0
- Provisions -€199,320
new in 2025: -€199,320
- Taxes +€58,331
up €58,331 (+82.0%), from €71,142 to €129,473
- Gross operating margin -€26,156
down €26,156 (-9.4%), from €278,996 to €252,840
- Depreciation -€15,002
down €15,002 (-51.7%), from €29,044 to €14,042
- Financial income +€11,981
up €11,981 (+101%), from €11,825 to €23,806
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 | €749,078 | €616,953 | -€132,125 | -17.6% |
| Fixed assets | 21/28 | €111,371 | €97,126 | -€14,245 | -12.8% |
| Tangible fixed assets | 22/27 | €111,371 | €97,126 | -€14,245 | -12.8% |
| Land and buildings | 22 | €70,509 | €70,509 | -€0 | 0.0% |
| Plant, machinery and equipment | 23 | €7,161 | €5,494 | -€1,666 | -23.3% |
| Furniture and vehicles | 24 | €19,250 | €10,028 | -€9,222 | -47.9% |
| Other tangible fixed assets | 26 | €14,452 | €11,096 | -€3,356 | -23.2% |
| Current assets | 29/58 | €637,707 | €519,827 | -€117,880 | -18.5% |
| Amounts receivable after more than one year | 29 | €334,755 | €214,363 | -€120,392 | -36.0% |
| Other amounts receivable | 291 | €334,755 | €214,363 | -€120,392 | -36.0% |
| Amounts receivable within one year | 40/41 | €244,961 | €264,123 | +€19,161 | +7.8% |
| Trade receivables | 40 | €116,397 | €22,806 | -€93,591 | -80.4% |
| Other amounts receivable | 41 | €128,564 | €241,316 | +€112,752 | +87.7% |
| Cash at bank and in hand | 54/58 | €55,304 | €38,288 | -€17,016 | -30.8% |
| Deferred charges and accrued income | 490/1 | €2,687 | €3,054 | +€366 | +13.6% |
| Total equity and liabilities | 10/49 | €749,078 | €616,953 | -€132,125 | -17.6% |
| Equity | 10/15 | €286,519 | €533,932 | +€247,414 | +86.4% |
| 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 | €225,019 | €472,432 | +€247,414 | +110% |
| Non-distributable reserves | 130/1 | €13,634 | €13,634 | = | 0.0% |
| Legal reserve | 130 | €13,634 | €13,634 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,574 | €2,574 | = | 0.0% |
| Distributable reserves | 133 | €208,810 | €456,224 | +€247,414 | +118% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €199,320 | €0 | -€199,320 | -100% |
| Provisions for liabilities and charges | 160/5 | €199,320 | €0 | -€199,320 | -100% |
| Pensions and similar obligations | 160 | €199,320 | €0 | -€199,320 | -100% |
| Amounts payable | 17/49 | €263,239 | €83,021 | -€180,218 | -68.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €263,239 | €83,021 | -€180,218 | -68.5% |
| Current portion of amounts payable after more than one year | 42 | €22,812 | €0 | -€22,812 | -100% |
| Financial debts | 43 | €16,091 | €13,333 | -€2,758 | -17.1% |
| Credit institutions | 430/8 | €16,091 | €13,333 | -€2,758 | -17.1% |
| Trade debts | 44 | €66,473 | €7,521 | -€58,952 | -88.7% |
| Suppliers | 440/4 | €66,473 | €7,521 | -€58,952 | -88.7% |
| Taxes, remuneration and social security | 45 | €40,850 | €62,166 | +€21,317 | +52.2% |
| Taxes | 450/3 | €40,850 | €62,166 | +€21,317 | +52.2% |
| Other amounts payable | 47/48 | €117,013 | €0 | -€117,013 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,044 | €14,042 | -€15,002 | -51.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€199,320 | -€199,320 | |
| Other operating charges | 640/8 | €3,704 | €3,697 | -€7 | -0.2% |
| Non-recurring operating charges | 66A | - | €25,189 | +€25,189 | |
| Gross operating margin | 9900 | €278,996 | €252,840 | -€26,156 | -9.4% |
| Operating profit (loss) | 9901 | €246,248 | €409,233 | +€162,985 | +66.2% |
| Financial income | 75/76B | €11,825 | €23,806 | +€11,981 | +101% |
| Recurring financial income | 75 | €11,825 | €23,806 | +€11,981 | +101% |
| Financial charges | 65/66B | €3,070 | €2,517 | -€553 | -18.0% |
| Recurring financial charges | 65 | €3,070 | €2,517 | -€553 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €255,003 | €430,523 | +€175,519 | +68.8% |
| Income taxes | 67/77 | €71,142 | €129,473 | +€58,331 | +82.0% |
| Profit (loss) for the period | 9904 | €183,861 | €301,050 | +€117,188 | +63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €183,861 | €301,050 | +€117,188 | +63.7% |
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 15 October 2026 via checked.be.