Dr. Griet WILLOCX: what changed
Two fiscal 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.
Dr. Griet WILLOCX
Largest movements
- Cash +€115,643
up €115,643 (+37.2%), from €310,625 to €426,268
mainly Net result for the year (+€164,430) and Short-term financial debts (+€6,732)
- Receivables within one year +€12,799
up €12,799 (+38.1%), from €33,618 to €46,417
of which Other amounts receivable: +€15,940
- Reserves +€163,597
up €163,597 (+56.4%), from €289,822 to €453,419
- Tax, wage and social debts -€39,867
down €39,867 (-90.9%), from €43,866 to €3,999
- Short-term financial debts +€6,732
up €6,732 (+131.6%), from €5,117 to €11,850
- Gross operating margin +€23,367
up €23,367 (+12.1%), from €193,031 to €216,398
- Taxes +€4,212
up €4,212 (+8.9%), from €47,562 to €51,773
- Other operating charges -€2,841
down €2,841 (-73.6%), from €3,862 to €1,021
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.
Cash bridge derived
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 | €344,243 | €473,554 | +€129,311 | +37.6% |
| Fixed assets | 21/28 | - | €869 | +€869 | |
| Tangible fixed assets | 22/27 | - | €869 | +€869 | |
| Furniture and vehicles | 24 | - | €869 | +€869 | |
| Current assets | 29/58 | €344,243 | €472,685 | +€128,442 | +37.3% |
| Amounts receivable within one year | 40/41 | €33,618 | €46,417 | +€12,799 | +38.1% |
| Trade receivables | 40 | €15,935 | €12,794 | -€3,142 | -19.7% |
| Other amounts receivable | 41 | €17,683 | €33,623 | +€15,940 | +90.1% |
| Cash at bank and in hand | 54/58 | €310,625 | €426,268 | +€115,643 | +37.2% |
| Total equity and liabilities | 10/49 | €344,243 | €473,554 | +€129,311 | +37.6% |
| Equity | 10/15 | €292,322 | €455,919 | +€163,597 | +56.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €289,822 | €453,419 | +€163,597 | +56.4% |
| Distributable reserves | 133 | €289,822 | €453,419 | +€163,597 | +56.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,921 | €17,634 | -€34,287 | -66.0% |
| Amounts payable within one year | 42/48 | €51,921 | €17,634 | -€34,287 | -66.0% |
| Financial debts | 43 | €5,117 | €11,850 | +€6,732 | +131.6% |
| Credit institutions | 430/8 | €5,117 | €11,850 | +€6,732 | +131.6% |
| Trade debts | 44 | €1,337 | €1,785 | +€449 | +33.6% |
| Suppliers | 440/4 | €1,337 | €1,785 | +€449 | +33.6% |
| Taxes, remuneration and social security | 45 | €43,866 | €3,999 | -€39,867 | -90.9% |
| Taxes | 450/3 | €43,866 | €3,999 | -€39,867 | -90.9% |
| Other amounts payable | 47/48 | €1,601 | €0 | -€1,601 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €272 | +€272 | |
| Other operating charges | 640/8 | €3,862 | €1,021 | -€2,841 | -73.6% |
| Gross operating margin | 9900 | €193,031 | €216,398 | +€23,367 | +12.1% |
| Operating profit (loss) | 9901 | €189,169 | €215,106 | +€25,936 | +13.7% |
| Financial income | 75/76B | €4,367 | €2,435 | -€1,933 | -44.2% |
| Recurring financial income | 75 | €4,367 | €2,435 | -€1,933 | -44.2% |
| Financial charges | 65/66B | €445 | €1,337 | +€892 | +200.3% |
| Recurring financial charges | 65 | €445 | €1,337 | +€892 | +200.3% |
| Profit (loss) for the period before taxes | 9903 | €193,092 | €216,204 | +€23,112 | +12.0% |
| Income taxes | 67/77 | €47,562 | €51,773 | +€4,212 | +8.9% |
| Profit (loss) for the period | 9904 | €145,530 | €164,430 | +€18,900 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €145,530 | €164,430 | +€18,900 | +13.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.