Gilles Willocx: 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.
Gilles Willocx
Largest movements
- Cash +€32,340
up €32,340 (+1078.0%), from €3,000 to €35,340
mainly Net result for the year (+€24,622) and Other debts (+€20,718)
- Tangible fixed assets +€23,302
new in 2025: €23,302
- Deferred charges and accrued income -€12,713
down €12,713 (-93.9%), from €13,540 to €827
- Profit (loss) carried forward +€24,622
up €24,622 (+318.3%), from €7,736 to €32,358
- Other debts +€20,718
new in 2025: €20,718
- Trade debts -€1,358
down €1,358 (-99.5%), from €1,365 to €7
- Tax, wage and social debts -€921
down €921 (-47.6%), from €1,934 to €1,013
- Gross operating margin +€24,530
up €24,530 (+243.9%), from €10,057 to €34,587
- Taxes +€4,829
up €4,829 (+249.7%), from €1,934 to €6,763
- Depreciation +€2,487
new in 2025: €2,487
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 | €16,540 | €59,468 | +€42,928 | +259.5% |
| Fixed assets | 21/28 | - | €23,302 | +€23,302 | |
| Tangible fixed assets | 22/27 | - | €23,302 | +€23,302 | |
| Furniture and vehicles | 24 | - | €23,302 | +€23,302 | |
| Current assets | 29/58 | €16,540 | €36,166 | +€19,626 | +118.7% |
| Cash at bank and in hand | 54/58 | €3,000 | €35,340 | +€32,340 | +1078.0% |
| Deferred charges and accrued income | 490/1 | €13,540 | €827 | -€12,713 | -93.9% |
| Total equity and liabilities | 10/49 | €16,540 | €59,468 | +€42,928 | +259.5% |
| Equity | 10/15 | €10,736 | €35,358 | +€24,622 | +229.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,736 | €32,358 | +€24,622 | +318.3% |
| Amounts payable | 17/49 | €5,804 | €24,110 | +€18,306 | +315.4% |
| Amounts payable within one year | 42/48 | €3,299 | €21,738 | +€18,438 | +558.8% |
| Trade debts | 44 | €1,365 | €7 | -€1,358 | -99.5% |
| Suppliers | 440/4 | €1,365 | €7 | -€1,358 | -99.5% |
| Taxes, remuneration and social security | 45 | €1,934 | €1,013 | -€921 | -47.6% |
| Taxes | 450/3 | €1,934 | €1,013 | -€921 | -47.6% |
| Other amounts payable | 47/48 | - | €20,718 | +€20,718 | |
| Accrued charges and deferred income | 492/3 | €2,505 | €2,373 | -€132 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,487 | +€2,487 | |
| Other operating charges | 640/8 | €387 | €711 | +€323 | +83.5% |
| Gross operating margin | 9900 | €10,057 | €34,587 | +€24,530 | +243.9% |
| Operating profit (loss) | 9901 | €9,670 | €31,389 | +€21,719 | +224.6% |
| Financial charges | 65/66B | - | €4 | +€4 | |
| Recurring financial charges | 65 | - | €4 | +€4 | |
| Profit (loss) for the period before taxes | 9903 | €9,670 | €31,385 | +€21,715 | +224.6% |
| Income taxes | 67/77 | €1,934 | €6,763 | +€4,829 | +249.7% |
| Profit (loss) for the period | 9904 | €7,736 | €24,622 | +€16,886 | +218.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,736 | €24,622 | +€16,886 | +218.3% |
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 12 October 2026 via checked.be.