WIRTZ DEVELOPMENTS: 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.
WIRTZ DEVELOPMENTS
Largest movements
- Tangible fixed assets +€215,093
up €215,093 (+7.4%), from €2.9m to €3.1m
of which Land and buildings: +€190,071
- Cash -€176,513
down €176,513 (-67.5%), from €261,331 to €84,818
mainly Investment in fixed assets (net) (-€450,324) and Net result for the year (-€86,082)
- Trade debts +€89,968
up €89,968 (+227%), from €39,714 to €129,682
- Reserves -€86,082
down €86,082 (-3.3%), from €2.6m to €2.5m
of which Distributable reserves: -€86,082
- Gross operating margin -€59,015
down €59,015 (-13.1%), from €450,482 to €391,467
- Depreciation +€42,092
up €42,092 (+21.8%), from €193,128 to €235,220
- Staff costs +€32,184
up €32,184 (+17.1%), from €188,132 to €220,316
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 | €3,647,863 | €3,660,587 | +€12,724 | +0.3% |
| Fixed assets | 21/28 | €2,901,821 | €3,116,925 | +€215,104 | +7.4% |
| Tangible fixed assets | 22/27 | €2,899,145 | €3,114,238 | +€215,093 | +7.4% |
| Land and buildings | 22 | €1,998,229 | €2,188,300 | +€190,071 | +9.5% |
| Plant, machinery and equipment | 23 | €882,245 | €887,765 | +€5,520 | +0.6% |
| Furniture and vehicles | 24 | €18,671 | €38,173 | +€19,502 | +104% |
| Financial fixed assets | 28 | €2,675 | €2,687 | +€11 | +0.4% |
| Current assets | 29/58 | €746,043 | €543,662 | -€202,381 | -27.1% |
| Amounts receivable within one year | 40/41 | €470,254 | €446,523 | -€23,731 | -5.0% |
| Trade receivables | 40 | €469,807 | €387,042 | -€82,766 | -17.6% |
| Other amounts receivable | 41 | €446 | €59,481 | +€59,035 | +13,229% |
| Cash at bank and in hand | 54/58 | €261,331 | €84,818 | -€176,513 | -67.5% |
| Deferred charges and accrued income | 490/1 | €14,458 | €12,321 | -€2,137 | -14.8% |
| Total equity and liabilities | 10/49 | €3,647,863 | €3,660,587 | +€12,724 | +0.3% |
| Equity | 10/15 | €3,555,423 | €3,469,341 | -€86,082 | -2.4% |
| Contributions | 10/11 | €966,785 | €966,785 | = | 0.0% |
| Capital | 10 | €966,785 | €966,785 | = | 0.0% |
| Issued capital | 100 | €1,685,676 | €1,685,676 | = | 0.0% |
| Uncalled capital | 101 | €718,891 | €718,891 | = | 0.0% |
| Reserves | 13 | €2,588,638 | €2,502,556 | -€86,082 | -3.3% |
| Non-distributable reserves | 130/1 | €155,525 | €155,525 | = | 0.0% |
| Legal reserve | 130 | €155,525 | €155,525 | = | 0.0% |
| Distributable reserves | 133 | €2,433,113 | €2,347,031 | -€86,082 | -3.5% |
| Amounts payable | 17/49 | €92,440 | €191,246 | +€98,806 | +107% |
| Amounts payable within one year | 42/48 | €92,440 | €191,246 | +€98,806 | +107% |
| Trade debts | 44 | €39,714 | €129,682 | +€89,968 | +227% |
| Suppliers | 440/4 | €39,714 | €129,682 | +€89,968 | +227% |
| Taxes, remuneration and social security | 45 | €51,964 | €61,414 | +€9,450 | +18.2% |
| Taxes | 450/3 | €27,490 | €31,904 | +€4,414 | +16.1% |
| Remuneration and social security | 454/9 | €24,474 | €29,510 | +€5,036 | +20.6% |
| Other amounts payable | 47/48 | €763 | €150 | -€613 | -80.3% |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100% |
| Remuneration, social security and pensions | 62 | €188,132 | €220,316 | +€32,184 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,128 | €235,220 | +€42,092 | +21.8% |
| Other operating charges | 640/8 | €18,087 | €21,548 | +€3,461 | +19.1% |
| Gross operating margin | 9900 | €450,482 | €391,467 | -€59,015 | -13.1% |
| Operating profit (loss) | 9901 | €51,136 | -€85,616 | -€136,752 | |
| Financial income | 75/76B | €75 | €18 | -€57 | -75.6% |
| Recurring financial income | 75 | €75 | €18 | -€57 | -75.6% |
| Financial charges | 65/66B | €264 | €484 | +€221 | +83.7% |
| Recurring financial charges | 65 | €264 | €484 | +€221 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | €50,947 | -€86,082 | -€137,029 | |
| Income taxes | 67/77 | €535 | €0 | -€535 | -100% |
| Profit (loss) for the period | 9904 | €50,411 | -€86,082 | -€136,494 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,411 | -€86,082 | -€136,494 |
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 18 October 2026 via checked.be.