WODEGRO: what changed
What changed
WODEGRO
NACE 42.110, Construction of roads and motorways
filed annual accounts (NBB)
Net result for the year
€114,980
2024 · €76,657+€38,323
Equity
€359,141
2024 · €261,761+€97,380
Cash
€158,681
2024 · €96,845+€61,836
Balance sheet total
€758,445
2024 · €485,365+€273,080
Largest movements
Assets
- Tangible fixed assets +€161,816
up €161,816 (+70.4%), from €229,757 to €391,574
of which Plant, machinery and equipment: +€172,020
- Cash +€61,836
up €61,836 (+63.9%), from €96,845 to €158,681
mainly Debts after one year (+€171,183) and Net result for the year (+€114,980)
- Stocks and contracts +€27,534
up €27,534 (+89.2%), from €30,865 to €58,399
of which Contracts in progress: +€18,236
- Receivables within one year +€20,481
up €20,481 (+16.3%), from €125,583 to €146,064
of which Trade receivables: +€41,097
Equity and liabilities
- Debts after one year +€171,183
up €171,183, from €0 to €171,183
- Reserves +€97,380
up €97,380 (+40.3%), from €241,761 to €339,141
of which Tax-exempt reserves: +€50,273
- Trade debts -€63,146
down €63,146 (-45.4%), from €139,026 to €75,879
- Current portion of long-term debt +€33,613
up €33,613 (+299%), from €11,260 to €44,873
- Other debts +€20,304
up €20,304 (+47.6%), from €42,641 to €62,946
Income statement
- Gross operating margin +€34,807
up €34,807 (+20.7%), from €168,198 to €203,005
- Depreciation -€10,406
down €10,406 (-17.2%), from €60,601 to €50,195
- Financial charges +€6,057
up €6,057 (+691%), from €877 to €6,934
- Taxes -€5,008
down €5,008 (-27.7%), from €18,077 to €13,069
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€76,657
Gross operating margin
+€34,807
Depreciation
+€10,406
Other operating charges
+€231
Financial income
+€0
Financial charges
-€6,057
Taxes
+€5,008
Deferred taxes and other
-€6,072
Result 2025
€114,980
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€86,651
Investment
-€212,012
Financing
+€187,196
Cash 2024
€96,845
From operations (derived)
+€86,651
Net result for the year
+€114,980
Depreciation
+€50,195
Stocks and contracts
-€27,534
Receivables within one year
-€20,481
Deferred charges and accrued income
-€1,412
Provisions
+€16,758
Trade debts
-€63,146
Tax, wage and social debts
-€11,258
Other debts
+€20,304
Accrued charges and deferred income
+€8,246
Investment (derived)
-€212,012
Investment in fixed assets (net)
-€212,012
Financing
+€187,196
Debts after one year
+€171,183
Current portion of long-term debt
+€33,613
Contributions, distributions and other
-€17,600
Cash 2025
€158,681
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €485,365 | €758,445 | +€273,080 | +56.3% |
| Fixed assets | 21/28 | €229,892 | €391,709 | +€161,816 | +70.4% |
| Tangible fixed assets | 22/27 | €229,757 | €391,574 | +€161,816 | +70.4% |
| Land and buildings | 22 | €5,983 | €5,416 | -€566 | -9.5% |
| Plant, machinery and equipment | 23 | €170,141 | €342,161 | +€172,020 | +101% |
| Furniture and vehicles | 24 | €53,633 | €43,996 | -€9,637 | -18.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €255,473 | €366,736 | +€111,263 | +43.6% |
| Stocks and contracts in progress | 3 | €30,865 | €58,399 | +€27,534 | +89.2% |
| Stocks | 30/36 | €21,943 | €31,241 | +€9,298 | +42.4% |
| Contracts in progress | 37 | €8,922 | €27,159 | +€18,236 | +204% |
| Amounts receivable within one year | 40/41 | €125,583 | €146,064 | +€20,481 | +16.3% |
| Trade receivables | 40 | €91,689 | €132,786 | +€41,097 | +44.8% |
| Other amounts receivable | 41 | €33,894 | €13,278 | -€20,616 | -60.8% |
| Cash at bank and in hand | 54/58 | €96,845 | €158,681 | +€61,836 | +63.9% |
| Deferred charges and accrued income | 490/1 | €2,180 | €3,592 | +€1,412 | +64.8% |
| Total equity and liabilities | 10/49 | €485,365 | €758,445 | +€273,080 | +56.3% |
| Equity | 10/15 | €261,761 | €359,141 | +€97,380 | +37.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €241,761 | €339,141 | +€97,380 | +40.3% |
| Tax-exempt reserves | 132 | €32,056 | €82,329 | +€50,273 | +157% |
| Distributable reserves | 133 | €209,705 | €256,812 | +€47,107 | +22.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €10,685 | €27,443 | +€16,758 | +157% |
| Deferred taxes | 168 | €10,685 | €27,443 | +€16,758 | +157% |
| Amounts payable | 17/49 | €212,919 | €371,861 | +€158,942 | +74.6% |
| Amounts payable after more than one year | 17 | €0 | €171,183 | +€171,183 | |
| Financial debts | 170/4 | €0 | €171,183 | +€171,183 | |
| Amounts payable within one year | 42/48 | €211,231 | €190,744 | -€20,487 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €11,260 | €44,873 | +€33,613 | +299% |
| Trade debts | 44 | €139,026 | €75,879 | -€63,146 | -45.4% |
| Suppliers | 440/4 | €139,026 | €75,879 | -€63,146 | -45.4% |
| Taxes, remuneration and social security | 45 | €18,304 | €7,045 | -€11,258 | -61.5% |
| Taxes | 450/3 | €18,304 | €7,045 | -€11,258 | -61.5% |
| Other amounts payable | 47/48 | €42,641 | €62,946 | +€20,304 | +47.6% |
| Accrued charges and deferred income | 492/3 | €1,688 | €9,934 | +€8,246 | +489% |
| Non-recurring operating income | 76A | €43,000 | €75,000 | +€32,000 | +74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,601 | €50,195 | -€10,406 | -17.2% |
| Other operating charges | 640/8 | €1,301 | €1,070 | -€231 | -17.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €168,198 | €203,005 | +€34,807 | +20.7% |
| Operating profit (loss) | 9901 | €106,296 | €151,740 | +€45,445 | +42.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €877 | €6,934 | +€6,057 | +691% |
| Recurring financial charges | 65 | €877 | €6,934 | +€6,057 | +691% |
| Profit (loss) for the period before taxes | 9903 | €105,419 | €144,806 | +€39,388 | +37.4% |
| Transfer from deferred taxes | 780 | €65 | €1,992 | +€1,928 | +2,975% |
| Transfer to deferred taxes | 680 | €10,750 | €18,750 | +€8,000 | +74.4% |
| Income taxes | 67/77 | €18,077 | €13,069 | -€5,008 | -27.7% |
| Profit (loss) for the period | 9904 | €76,657 | €114,980 | +€38,323 | +50.0% |
| Transfer from tax-exempt reserves | 789 | €194 | €5,977 | +€5,783 | +2,975% |
| Transfer to tax-exempt reserves | 689 | €32,250 | €56,250 | +€24,000 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,601 | €64,707 | +€20,106 | +45.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.