WOVAGRO: what changed
What changed
WOVAGRO
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€12,077
2024 · €11,721+€355
Equity
€61,524
2024 · €49,447+€12,077
Cash
€198,263
2024 · €70,599+€127,664
Balance sheet total
€294,084
2024 · €239,085+€54,999
Largest movements
Assets
- Cash +€127,664
up €127,664 (+181%), from €70,599 to €198,263
mainly Depreciation (+€52,041) and Trade debts (+€40,843)
- Tangible fixed assets -€33,023
down €33,023 (-36.5%), from €90,509 to €57,486
of which Leasing and similar rights: -€25,709
- Stocks and contracts -€29,669
no longer reported in 2025 (was €29,669)
- Receivables within one year -€11,009
down €11,009 (-23.6%), from €46,686 to €35,677
of which Trade receivables: -€21,366
Equity and liabilities
- Trade debts +€40,843
up €40,843 (+71.0%), from €57,513 to €98,356
- Accrued charges and deferred income +€40,723
new in 2025: €40,723
- Debts after one year -€16,900
down €16,900 (-81.6%), from €20,721 to €3,821
- Current portion of long-term debt -€16,474
down €16,474 (-50.4%), from €32,705 to €16,230
- Reserves +€12,077
up €12,077 (+32.8%), from €36,847 to €48,924
Income statement
- Gross operating margin -€23,685
down €23,685 (-8.0%), from €295,741 to €272,056
- Staff costs -€12,847
down €12,847 (-6.0%), from €213,718 to €200,871
- Depreciation -€8,951
down €8,951 (-14.7%), from €60,992 to €52,041
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
€11,721
Gross operating margin
-€23,685
Staff costs
+€12,847
Depreciation
+€8,951
Other operating charges
+€1,886
Financial income
-€71
Financial charges
+€408
Taxes
+€20
Result 2025
€12,077
raises the resultlowers the result
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
+€180,057
Investment
-€19,018
Financing
-€33,375
Cash 2024
€70,599
From operations (derived)
+€180,057
Net result for the year
+€12,077
Depreciation
+€52,041
Stocks and contracts
+€29,669
Receivables within one year
+€11,009
Deferred charges and accrued income
-€1,036
Trade debts
+€40,843
Tax, wage and social debts
-€7,111
Other debts
+€1,841
Accrued charges and deferred income
+€40,723
Investment (derived)
-€19,018
Investment in fixed assets (net)
-€19,018
Financing
-€33,375
Debts after one year
-€16,900
Current portion of long-term debt
-€16,474
Cash 2025
€198,263
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,085 | €294,084 | +€54,999 | +23.0% |
| Fixed assets | 21/28 | €90,509 | €57,486 | -€33,023 | -36.5% |
| Tangible fixed assets | 22/27 | €90,509 | €57,486 | -€33,023 | -36.5% |
| Plant, machinery and equipment | 23 | €38,522 | €28,992 | -€9,530 | -24.7% |
| Furniture and vehicles | 24 | €16,158 | €18,374 | +€2,216 | +13.7% |
| Leasing and similar rights | 25 | €35,829 | €10,120 | -€25,709 | -71.8% |
| Current assets | 29/58 | €148,576 | €236,598 | +€88,022 | +59.2% |
| Stocks and contracts in progress | 3 | €29,669 | - | -€29,669 | |
| Contracts in progress | 37 | €29,669 | - | -€29,669 | |
| Amounts receivable within one year | 40/41 | €46,686 | €35,677 | -€11,009 | -23.6% |
| Trade receivables | 40 | €36,337 | €14,970 | -€21,366 | -58.8% |
| Other amounts receivable | 41 | €10,350 | €20,707 | +€10,357 | +100% |
| Cash at bank and in hand | 54/58 | €70,599 | €198,263 | +€127,664 | +181% |
| Deferred charges and accrued income | 490/1 | €1,622 | €2,658 | +€1,036 | +63.9% |
| Total equity and liabilities | 10/49 | €239,085 | €294,084 | +€54,999 | +23.0% |
| Equity | 10/15 | €49,447 | €61,524 | +€12,077 | +24.4% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €36,847 | €48,924 | +€12,077 | +32.8% |
| Distributable reserves | 133 | €36,847 | €48,924 | +€12,077 | +32.8% |
| Amounts payable | 17/49 | €189,638 | €232,560 | +€42,922 | +22.6% |
| Amounts payable after more than one year | 17 | €20,721 | €3,821 | -€16,900 | -81.6% |
| Financial debts | 170/4 | €20,721 | €3,821 | -€16,900 | -81.6% |
| Amounts payable within one year | 42/48 | €168,917 | €188,016 | +€19,100 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €32,705 | €16,230 | -€16,474 | -50.4% |
| Trade debts | 44 | €57,513 | €98,356 | +€40,843 | +71.0% |
| Suppliers | 440/4 | €57,513 | €98,356 | +€40,843 | +71.0% |
| Taxes, remuneration and social security | 45 | €55,721 | €48,610 | -€7,111 | -12.8% |
| Taxes | 450/3 | €22,746 | €22,254 | -€492 | -2.2% |
| Remuneration and social security | 454/9 | €32,975 | €26,356 | -€6,619 | -20.1% |
| Other amounts payable | 47/48 | €22,979 | €24,820 | +€1,841 | +8.0% |
| Accrued charges and deferred income | 492/3 | - | €40,723 | +€40,723 | |
| Non-recurring operating income | 76A | - | €4,959 | +€4,959 | |
| Remuneration, social security and pensions | 62 | €213,718 | €200,871 | -€12,847 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,992 | €52,041 | -€8,951 | -14.7% |
| Other operating charges | 640/8 | €4,467 | €2,581 | -€1,886 | -42.2% |
| Gross operating margin | 9900 | €295,741 | €272,056 | -€23,685 | -8.0% |
| Operating profit (loss) | 9901 | €16,564 | €16,563 | -€2 | 0.0% |
| Financial income | 75/76B | €156 | €85 | -€71 | -45.7% |
| Recurring financial income | 75 | €156 | €85 | -€71 | -45.7% |
| Financial charges | 65/66B | €1,620 | €1,212 | -€408 | -25.2% |
| Recurring financial charges | 65 | €1,620 | €1,212 | -€408 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €15,100 | €15,435 | +€335 | +2.2% |
| Income taxes | 67/77 | €3,379 | €3,358 | -€20 | -0.6% |
| Profit (loss) for the period | 9904 | €11,721 | €12,077 | +€355 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,721 | €12,077 | +€355 | +3.0% |
Next steps
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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 8 November 2026 via checked.be.