WILBA: 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.
WILBA
Largest movements
- Current investments +€550,000
up €550,000, from €0 to €550,000
- Cash -€428,485
down €428,485 (-77.0%), from €556,310 to €127,825
mainly Current investments (-€550,000) and Contributions, distributions and other (-€210,759)
- Receivables within one year -€73,096
down €73,096 (-54.4%), from €134,328 to €61,232
of which Trade receivables: -€84,550
- Reserves +€142,080
up €142,080 (+10.2%), from €1.4m to €1.5m
of which Tax-exempt reserves: +€75,780
- Debts after one year -€30,000
down €30,000 (-100%), from €30,000 to €0
- Current portion of long-term debt -€30,000
down €30,000 (-50.0%), from €60,000 to €30,000
- Trade debts -€27,377
down €27,377 (-98.8%), from €27,700 to €323
- Accrued charges and deferred income -€20,324
down €20,324 (-97.4%), from €20,871 to €547
- Financial income +€187,638
up €187,638 (+2,057%), from €9,122 to €196,760
of which Financial income: +€187,483
- Gross operating margin -€53,109
down €53,109 (-15.8%), from €335,441 to €282,332
- Taxes -€13,180
down €13,180 (-13.5%), from €97,407 to €84,227
- Depreciation +€10,914
up €10,914 (+38.5%), from €28,356 to €39,270
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 | €1,554,916 | €1,590,811 | +€35,895 | +2.3% |
| Fixed assets | 21/28 | €861,205 | €846,872 | -€14,333 | -1.7% |
| Tangible fixed assets | 22/27 | €848,212 | €843,888 | -€4,324 | -0.5% |
| Land and buildings | 22 | €819,599 | €793,773 | -€25,826 | -3.2% |
| Plant, machinery and equipment | 23 | €1,954 | €1,231 | -€722 | -37.0% |
| Furniture and vehicles | 24 | €9,209 | €9,009 | -€200 | -2.2% |
| Other tangible fixed assets | 26 | €17,450 | €39,875 | +€22,425 | +129% |
| Financial fixed assets | 28 | €12,993 | €2,983 | -€10,010 | -77.0% |
| Current assets | 29/58 | €693,711 | €743,940 | +€50,229 | +7.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €134,328 | €61,232 | -€73,096 | -54.4% |
| Trade receivables | 40 | €110,000 | €25,450 | -€84,550 | -76.9% |
| Other amounts receivable | 41 | €24,328 | €35,782 | +€11,454 | +47.1% |
| Current investments | 50/53 | €0 | €550,000 | +€550,000 | |
| Cash at bank and in hand | 54/58 | €556,310 | €127,825 | -€428,485 | -77.0% |
| Deferred charges and accrued income | 490/1 | €3,073 | €4,883 | +€1,810 | +58.9% |
| Total equity and liabilities | 10/49 | €1,554,916 | €1,590,811 | +€35,895 | +2.3% |
| Equity | 10/15 | €1,408,962 | €1,551,042 | +€142,080 | +10.1% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Reserves | 13 | €1,389,294 | €1,531,374 | +€142,080 | +10.2% |
| Tax-exempt reserves | 132 | - | €75,780 | +€75,780 | |
| Distributable reserves | 133 | €1,389,294 | €1,455,594 | +€66,300 | +4.8% |
| Profit (loss) carried forward | 14 | €1,168 | €1,168 | = | 0.0% |
| Amounts payable | 17/49 | €145,954 | €39,770 | -€106,185 | -72.8% |
| Amounts payable after more than one year | 17 | €30,000 | €0 | -€30,000 | -100% |
| Financial debts | 170/4 | €30,000 | €0 | -€30,000 | -100% |
| Amounts payable within one year | 42/48 | €95,083 | €39,222 | -€55,861 | -58.7% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €30,000 | -€30,000 | -50.0% |
| Trade debts | 44 | €27,700 | €323 | -€27,377 | -98.8% |
| Suppliers | 440/4 | €27,700 | €323 | -€27,377 | -98.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,383 | €8,899 | +€1,516 | +20.5% |
| Accrued charges and deferred income | 492/3 | €20,871 | €547 | -€20,324 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,356 | €39,270 | +€10,914 | +38.5% |
| Other operating charges | 640/8 | €1,884 | €1,944 | +€60 | +3.2% |
| Gross operating margin | 9900 | €335,441 | €282,332 | -€53,109 | -15.8% |
| Operating profit (loss) | 9901 | €305,202 | €241,119 | -€64,083 | -21.0% |
| Financial income | 75/76B | €9,122 | €196,760 | +€187,638 | +2,057% |
| Recurring financial income | 75 | €9,122 | €196,605 | +€187,483 | +2,055% |
| Non-recurring financial income | 76B | - | €155 | +€155 | |
| Financial charges | 65/66B | €1,380 | €812 | -€568 | -41.1% |
| Recurring financial charges | 65 | €1,380 | €812 | -€568 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €312,944 | €437,066 | +€124,123 | +39.7% |
| Income taxes | 67/77 | €97,407 | €84,227 | -€13,180 | -13.5% |
| Profit (loss) for the period | 9904 | €215,537 | €352,839 | +€137,303 | +63.7% |
| Transfer to tax-exempt reserves | 689 | - | €75,780 | +€75,780 | |
| Profit (loss) for the period to be appropriated | 9905 | €215,537 | €277,059 | +€61,523 | +28.5% |
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 30 October 2026 via checked.be.