F. WILSENS: 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.
F. WILSENS
Largest movements
- Cash +€59,302
up €59,302 (+108%), from €54,716 to €114,018
mainly Net result for the year (+€50,367) and Debts after one year (+€38,147)
- Receivables within one year +€27,001
up €27,001 (+7.9%), from €340,070 to €367,071
of which Other amounts receivable: +€18,773
- Reserves +€50,367
up €50,367 (+12.7%), from €397,495 to €447,862
- Debts after one year +€38,147
new in 2025: €38,147
- Current portion of long-term debt +€12,004
up €12,004 (+243%), from €4,947 to €16,951
- Tax, wage and social debts -€10,572
down €10,572 (-37.5%), from €28,172 to €17,599
of which Taxes: -€12,824
- Other debts -€6,549
down €6,549 (-46.3%), from €14,149 to €7,600
- Gross operating margin +€7,718
up €7,718 (+11.5%), from €67,017 to €74,735
- Taxes +€2,035
up €2,035 (+11.1%), from €18,288 to €20,323
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 | €462,326 | €548,055 | +€85,729 | +18.5% |
| Fixed assets | 21/28 | €65,000 | €65,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €65,000 | €65,000 | = | 0.0% |
| Land and buildings | 22 | €65,000 | €65,000 | = | 0.0% |
| Current assets | 29/58 | €397,326 | €483,055 | +€85,729 | +21.6% |
| Amounts receivable within one year | 40/41 | €340,070 | €367,071 | +€27,001 | +7.9% |
| Trade receivables | 40 | €45,795 | €54,023 | +€8,228 | +18.0% |
| Other amounts receivable | 41 | €294,276 | €313,048 | +€18,773 | +6.4% |
| Cash at bank and in hand | 54/58 | €54,716 | €114,018 | +€59,302 | +108% |
| Deferred charges and accrued income | 490/1 | €2,539 | €1,965 | -€573 | -22.6% |
| Total equity and liabilities | 10/49 | €462,326 | €548,055 | +€85,729 | +18.5% |
| Equity | 10/15 | €409,895 | €460,262 | +€50,367 | +12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €397,495 | €447,862 | +€50,367 | +12.7% |
| Distributable reserves | 133 | €397,495 | €447,862 | +€50,367 | +12.7% |
| Amounts payable | 17/49 | €52,430 | €87,793 | +€35,363 | +67.4% |
| Amounts payable after more than one year | 17 | - | €38,147 | +€38,147 | |
| Financial debts | 170/4 | - | €38,147 | +€38,147 | |
| Amounts payable within one year | 42/48 | €51,013 | €48,892 | -€2,121 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €4,947 | €16,951 | +€12,004 | +243% |
| Trade debts | 44 | €3,745 | €6,742 | +€2,997 | +80.0% |
| Suppliers | 440/4 | €3,745 | €6,742 | +€2,997 | +80.0% |
| Taxes, remuneration and social security | 45 | €28,172 | €17,599 | -€10,572 | -37.5% |
| Taxes | 450/3 | €28,172 | €15,348 | -€12,824 | -45.5% |
| Remuneration and social security | 454/9 | €0 | €2,251 | +€2,251 | |
| Other amounts payable | 47/48 | €14,149 | €7,600 | -€6,549 | -46.3% |
| Accrued charges and deferred income | 492/3 | €1,417 | €754 | -€663 | -46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,250 | €1,399 | +€149 | +11.9% |
| Gross operating margin | 9900 | €67,017 | €74,735 | +€7,718 | +11.5% |
| Operating profit (loss) | 9901 | €65,767 | €73,336 | +€7,569 | +11.5% |
| Financial charges | 65/66B | €2,421 | €2,646 | +€225 | +9.3% |
| Recurring financial charges | 65 | €2,421 | €2,646 | +€225 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €63,346 | €70,690 | +€7,344 | +11.6% |
| Income taxes | 67/77 | €18,288 | €20,323 | +€2,035 | +11.1% |
| Profit (loss) for the period | 9904 | €45,058 | €50,367 | +€5,309 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,058 | €50,367 | +€5,309 | +11.8% |
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 24 October 2026 via checked.be.