4-WILTS: 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.
4-WILTS
Largest movements
- Current investments +€349,993
new in 2025: €349,993
- Cash -€181,724
down €181,724 (-98.7%), from €184,099 to €2,375
mainly Contributions, distributions and other (-€549,760) and Current investments (-€349,993)
- Other debts +€377,701
up €377,701 (+447%), from €84,474 to €462,175
- Reserves -€189,555
down €189,555 (-75.9%), from €249,760 to €60,205
- Debts after one year -€33,906
down €33,906 (-11.2%), from €302,524 to €268,618
- Financial income +€208,374
up €208,374 (+219%), from €95,042 to €303,416
- Gross operating margin +€11,173
up €11,173 (+10.5%), from €106,890 to €118,063
- Taxes +€5,764
up €5,764 (+34.3%), from €16,822 to €22,586
- Financial charges +€4,078
up €4,078 (+37.2%), from €10,948 to €15,025
- Depreciation +€1,370
up €1,370 (+6.8%), from €20,114 to €21,483
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 | €691,549 | €853,669 | +€162,120 | +23.4% |
| Fixed assets | 21/28 | €484,452 | €485,692 | +€1,240 | +0.3% |
| Tangible fixed assets | 22/27 | €480,702 | €481,942 | +€1,240 | +0.3% |
| Land and buildings | 22 | €380,624 | €383,185 | +€2,561 | +0.7% |
| Furniture and vehicles | 24 | €100,078 | €98,757 | -€1,321 | -1.3% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €207,097 | €367,977 | +€160,880 | +77.7% |
| Amounts receivable within one year | 40/41 | €5,561 | €1,259 | -€4,302 | -77.4% |
| Trade receivables | 40 | €450 | €1,259 | +€809 | +180% |
| Other amounts receivable | 41 | €5,111 | €0 | -€5,111 | -100% |
| Current investments | 50/53 | - | €349,993 | +€349,993 | |
| Cash at bank and in hand | 54/58 | €184,099 | €2,375 | -€181,724 | -98.7% |
| Deferred charges and accrued income | 490/1 | €17,437 | €14,349 | -€3,087 | -17.7% |
| Total equity and liabilities | 10/49 | €691,549 | €853,669 | +€162,120 | +23.4% |
| Equity | 10/15 | €268,360 | €78,805 | -€189,555 | -70.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €249,760 | €60,205 | -€189,555 | -75.9% |
| Distributable reserves | 133 | €249,760 | €60,205 | -€189,555 | -75.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €423,189 | €774,864 | +€351,676 | +83.1% |
| Amounts payable after more than one year | 17 | €302,524 | €268,618 | -€33,906 | -11.2% |
| Financial debts | 170/4 | €302,524 | €268,618 | -€33,906 | -11.2% |
| Amounts payable within one year | 42/48 | €120,665 | €506,247 | +€385,582 | +320% |
| Current portion of amounts payable after more than one year | 42 | €31,813 | €33,906 | +€2,093 | +6.6% |
| Trade debts | 44 | €2,557 | €6,735 | +€4,179 | +163% |
| Suppliers | 440/4 | €2,557 | €6,735 | +€4,179 | +163% |
| Taxes, remuneration and social security | 45 | €1,822 | €3,431 | +€1,609 | +88.3% |
| Taxes | 450/3 | €1,822 | €3,431 | +€1,609 | +88.3% |
| Other amounts payable | 47/48 | €84,474 | €462,175 | +€377,701 | +447% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,114 | €21,483 | +€1,370 | +6.8% |
| Other operating charges | 640/8 | €2,473 | €2,180 | -€292 | -11.8% |
| Gross operating margin | 9900 | €106,890 | €118,063 | +€11,173 | +10.5% |
| Operating profit (loss) | 9901 | €84,304 | €94,400 | +€10,096 | +12.0% |
| Financial income | 75/76B | €95,042 | €303,416 | +€208,374 | +219% |
| Recurring financial income | 75 | €95,042 | €303,416 | +€208,374 | +219% |
| Financial charges | 65/66B | €10,948 | €15,025 | +€4,078 | +37.2% |
| Recurring financial charges | 65 | €10,948 | €15,025 | +€4,078 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €168,399 | €382,790 | +€214,392 | +127% |
| Income taxes | 67/77 | €16,822 | €22,586 | +€5,764 | +34.3% |
| Profit (loss) for the period | 9904 | €151,577 | €360,205 | +€208,628 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €151,577 | €360,205 | +€208,628 | +138% |
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 23 October 2026 via checked.be.