EVA WILLNEGGER: 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.
EVA WILLNEGGER
Largest movements
- Receivables after one year +€1.4m
up €1.4m (+207%), from €674,085 to €2.1m
- Cash -€487,387
down €487,387 (-65.2%), from €747,789 to €260,403
mainly Receivables after one year (-€1.4m) and Investment in fixed assets (net) (-€147,357)
- Tangible fixed assets +€79,411
up €79,411 (+38.7%), from €205,294 to €284,705
of which Furniture and vehicles: +€57,036
- Deferred charges and accrued income +€53,248
up €53,248 (+321%), from €16,586 to €69,834
- Profit (loss) carried forward +€1.1m
up €1.1m (+60.9%), from €1.8m to €2.8m
- Trade debts -€32,374
down €32,374 (-73.8%), from €43,895 to €11,521
- Gross operating margin +€682,011
up €682,011 (+80.2%), from €850,700 to €1.5m
- Taxes +€282,038
up €282,038 (+334%), from €84,413 to €366,451
- Financial income +€40,727
up €40,727 (+279%), from €14,580 to €55,307
- Other operating charges -€36,298
down €36,298 (-82.5%), from €44,015 to €7,717
- Depreciation +€17,840
up €17,840 (+35.6%), from €50,106 to €67,946
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 | €2,022,183 | €3,067,206 | +€1.0m | +51.7% |
| Fixed assets | 21/28 | €205,862 | €285,273 | +€79,411 | +38.6% |
| Tangible fixed assets | 22/27 | €205,294 | €284,705 | +€79,411 | +38.7% |
| Furniture and vehicles | 24 | €134,878 | €191,914 | +€57,036 | +42.3% |
| Other tangible fixed assets | 26 | €70,416 | €92,791 | +€22,375 | +31.8% |
| Financial fixed assets | 28 | €568 | €568 | = | 0.0% |
| Current assets | 29/58 | €1,816,321 | €2,781,933 | +€965,612 | +53.2% |
| Amounts receivable after more than one year | 29 | €674,085 | €2,067,656 | +€1.4m | +207% |
| Other amounts receivable | 291 | €674,085 | €2,067,656 | +€1.4m | +207% |
| Amounts receivable within one year | 40/41 | €377,860 | €384,041 | +€6,180 | +1.6% |
| Trade receivables | 40 | €240,791 | €308,961 | +€68,169 | +28.3% |
| Other amounts receivable | 41 | €137,069 | €75,080 | -€61,989 | -45.2% |
| Cash at bank and in hand | 54/58 | €747,789 | €260,403 | -€487,387 | -65.2% |
| Deferred charges and accrued income | 490/1 | €16,586 | €69,834 | +€53,248 | +321% |
| Total equity and liabilities | 10/49 | €2,022,183 | €3,067,206 | +€1.0m | +51.7% |
| Equity | 10/15 | €1,950,918 | €3,022,223 | +€1.1m | +54.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €178,944 | €178,944 | = | 0.0% |
| Non-distributable reserves | 130/1 | €113 | €113 | = | 0.0% |
| Reserves not available under the articles | 1311 | €113 | €113 | = | 0.0% |
| Tax-exempt reserves | 132 | €178,831 | €178,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,759,574 | €2,830,879 | +€1.1m | +60.9% |
| Amounts payable | 17/49 | €71,264 | €44,982 | -€26,282 | -36.9% |
| Amounts payable within one year | 42/48 | €71,264 | €44,982 | -€26,282 | -36.9% |
| Trade debts | 44 | €43,895 | €11,521 | -€32,374 | -73.8% |
| Suppliers | 440/4 | €43,895 | €11,521 | -€32,374 | -73.8% |
| Taxes, remuneration and social security | 45 | €27,369 | €33,461 | +€6,092 | +22.3% |
| Taxes | 450/3 | €14,908 | €19,233 | +€4,325 | +29.0% |
| Remuneration and social security | 454/9 | €12,461 | €14,228 | +€1,767 | +14.2% |
| Remuneration, social security and pensions | 62 | €61,828 | €72,241 | +€10,413 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,106 | €67,946 | +€17,840 | +35.6% |
| Other operating charges | 640/8 | €44,015 | €7,717 | -€36,298 | -82.5% |
| Gross operating margin | 9900 | €850,700 | €1,532,711 | +€682,011 | +80.2% |
| Operating profit (loss) | 9901 | €694,751 | €1,384,808 | +€690,057 | +99.3% |
| Financial income | 75/76B | €14,580 | €55,307 | +€40,727 | +279% |
| Recurring financial income | 75 | €14,580 | €55,307 | +€40,727 | +279% |
| Financial charges | 65/66B | €2,004 | €2,358 | +€355 | +17.7% |
| Recurring financial charges | 65 | €2,004 | €2,358 | +€355 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €707,327 | €1,437,756 | +€730,429 | +103% |
| Income taxes | 67/77 | €84,413 | €366,451 | +€282,038 | +334% |
| Profit (loss) for the period | 9904 | €622,914 | €1,071,305 | +€448,391 | +72.0% |
| Transfer to tax-exempt reserves | 689 | €178,831 | €0 | -€178,831 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €444,083 | €1,071,305 | +€627,222 | +141% |
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 20 October 2026 via checked.be.