WILBEL: 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.
WILBEL
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+45.5%), from €2.6m to €3.8m
- Cash -€883,707
down €883,707 (-97.7%), from €904,209 to €20,502
mainly Receivables within one year (-€1.2m) and Receivables after one year (-€79,307)
- Reserves +€400,000
up €400,000 (+18.7%), from €2.1m to €2.5m
- Taxes -€70,048
down €70,048 (-45.2%), from €154,960 to €84,912
- Financial income +€68,059
up €68,059 (+15.6%), from €437,223 to €505,282
- Financial charges -€59,810
down €59,810 (-97.2%), from €61,548 to €1,737
- Other operating charges -€15,590
down €15,590 (-82.5%), from €18,894 to €3,304
- Purchases and services +€13,218
up €13,218 (+1039.6%), from €1,272 to €14,490
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,855,656 | €21,290,676 | +€435,019 | +2.1% |
| Fixed assets | 21/28 | €15,762,211 | €15,762,211 | = | 0.0% |
| Financial fixed assets | 28 | €15,762,211 | €15,762,211 | = | 0.0% |
| Current assets | 29/58 | €5,093,445 | €5,528,465 | +€435,019 | +8.5% |
| Amounts receivable after more than one year | 29 | €480,000 | €559,307 | +€79,307 | +16.5% |
| Other amounts receivable | 291 | €480,000 | €559,307 | +€79,307 | +16.5% |
| Amounts receivable within one year | 40/41 | €2,626,515 | €3,821,965 | +€1.2m | +45.5% |
| Other amounts receivable | 41 | €2,626,515 | €3,821,965 | +€1.2m | +45.5% |
| Current investments | 50/53 | €1,073,823 | €1,126,690 | +€52,867 | +4.9% |
| Cash at bank and in hand | 54/58 | €904,209 | €20,502 | -€883,707 | -97.7% |
| Deferred charges and accrued income | 490/1 | €8,899 | - | -€8,899 | |
| Total equity and liabilities | 10/49 | €20,855,656 | €21,290,676 | +€435,019 | +2.1% |
| Equity | 10/15 | €20,742,475 | €21,143,314 | +€400,838 | +1.9% |
| Contributions | 10/11 | €7,301,978 | €7,301,978 | = | 0.0% |
| Reserves | 13 | €2,142,500 | €2,542,500 | +€400,000 | +18.7% |
| Distributable reserves | 133 | €2,142,500 | €2,542,500 | +€400,000 | +18.7% |
| Profit (loss) carried forward | 14 | €11,297,997 | €11,298,836 | +€838 | 0.0% |
| Amounts payable | 17/49 | €113,181 | €147,362 | +€34,181 | +30.2% |
| Amounts payable within one year | 42/48 | €102,184 | €147,362 | +€45,178 | +44.2% |
| Trade debts | 44 | - | €7,924 | +€7,924 | |
| Suppliers | 440/4 | - | €7,924 | +€7,924 | |
| Taxes, remuneration and social security | 45 | €102,184 | €139,438 | +€37,254 | +36.5% |
| Taxes | 450/3 | €102,184 | €139,438 | +€37,254 | +36.5% |
| Accrued charges and deferred income | 492/3 | €10,997 | - | -€10,997 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,272 | €14,490 | +€13,218 | +1039.6% |
| Other operating charges | 640/8 | €18,894 | €3,304 | -€15,590 | -82.5% |
| Gross operating margin | 9900 | -€10,272 | -€14,490 | -€4,218 | -41.1% |
| Operating profit (loss) | 9901 | -€29,166 | -€17,794 | +€11,372 | +39.0% |
| Financial income | 75/76B | €437,223 | €505,282 | +€68,059 | +15.6% |
| Recurring financial income | 75 | €437,223 | €505,282 | +€68,059 | +15.6% |
| Financial charges | 65/66B | €61,548 | €1,737 | -€59,810 | -97.2% |
| Recurring financial charges | 65 | €61,548 | €1,737 | -€59,810 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €346,509 | €485,750 | +€139,241 | +40.2% |
| Income taxes | 67/77 | €154,960 | €84,912 | -€70,048 | -45.2% |
| Profit (loss) for the period | 9904 | €191,549 | €400,838 | +€209,289 | +109.3% |
| Profit (loss) for the period to be appropriated | 9905 | €191,549 | €400,838 | +€209,289 | +109.3% |
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 3 October 2026 via checked.be.