WILBOIS: 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.
What changed
WILBOIS
NACE 02.200, Logging
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€94,448
2024 · -€92,762+€187,210
Equity
€789,095
2024 · €698,258+€90,837
Cash
€131,941
2024 · €124,193+€7,748
Balance sheet total
€1.9m
2024 · €2.1m-€236,709
Largest movements
Assets
- Tangible fixed assets -€278,216
down €278,216 (-22.5%), from €1.2m to €957,915
of which Leasing and similar rights: -€229,371
- Receivables within one year +€44,113
up €44,113 (+7.0%), from €632,346 to €676,459
of which Other amounts receivable: +€41,916
Equity and liabilities
- Debts after one year -€223,224
down €223,224 (-30.1%), from €741,087 to €517,862
- Profit (loss) carried forward +€94,448
up €94,448 (+42.0%), from -€224,622 to -€130,173
- Current portion of long-term debt -€74,572
down €74,572 (-26.0%), from €287,010 to €212,438
- Other debts -€27,710
down €27,710 (-93.1%), from €29,754 to €2,044
Income statement
- Turnover -€970,604
no longer reported in 2025 (was €970,604)
- Gross operating margin +€171,611
up €171,611 (+34.1%), from €503,589 to €675,200
- Depreciation -€65,936
down €65,936 (-17.8%), from €370,242 to €304,306
- Staff costs +€38,613
up €38,613 (+20.5%), from €188,346 to €226,959
- Purchases and services -€29,875
down €29,875 (-6.4%), from €467,015 to €437,139
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.
Result 2024
-€92,762
Gross operating margin
+€171,611
Staff costs
-€38,613
Depreciation
+€65,936
Other operating charges
+€1,140
Other operating items
-€33,246
Financial income
+€5,323
Financial charges
+€15,810
Taxes
+€2,500
Deferred taxes and other
-€3,252
Result 2025
€94,448
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€335,246
Investment
-€26,090
Financing
-€301,407
Cash 2024
€124,193
From operations (derived)
+€335,246
Net result for the year
+€94,448
Depreciation
+€304,306
Stocks and contracts
+€10,589
Receivables within one year
-€44,113
Deferred charges and accrued income
-€234
Provisions
-€2,500
Trade debts
-€14,449
Tax, wage and social debts
+€7,319
Other debts
-€27,710
Accrued charges and deferred income
+€7,590
Investment (derived)
-€26,090
Investment in fixed assets (net)
-€26,090
Financing
-€301,407
Debts after one year
-€223,224
Current portion of long-term debt
-€74,572
Contributions, distributions and other
-€3,611
Cash 2025
€131,941
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,133,635 | €1,896,926 | -€236,709 | -11.1% |
| Fixed assets | 21/28 | €1,236,231 | €958,015 | -€278,216 | -22.5% |
| Tangible fixed assets | 22/27 | €1,236,131 | €957,915 | -€278,216 | -22.5% |
| Plant, machinery and equipment | 23 | €22,128 | €38,453 | +€16,325 | +73.8% |
| Furniture and vehicles | 24 | €188,205 | €123,035 | -€65,169 | -34.6% |
| Leasing and similar rights | 25 | €1,025,799 | €796,427 | -€229,371 | -22.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €897,404 | €938,911 | +€41,507 | +4.6% |
| Stocks and contracts in progress | 3 | €134,970 | €124,381 | -€10,589 | -7.8% |
| Stocks | 30/36 | €134,970 | €124,381 | -€10,589 | -7.8% |
| Amounts receivable within one year | 40/41 | €632,346 | €676,459 | +€44,113 | +7.0% |
| Trade receivables | 40 | €63,999 | €66,196 | +€2,197 | +3.4% |
| Other amounts receivable | 41 | €568,347 | €610,263 | +€41,916 | +7.4% |
| Cash at bank and in hand | 54/58 | €124,193 | €131,941 | +€7,748 | +6.2% |
| Deferred charges and accrued income | 490/1 | €5,895 | €6,130 | +€234 | +4.0% |
| Total equity and liabilities | 10/49 | €2,133,635 | €1,896,926 | -€236,709 | -11.1% |
| Equity | 10/15 | €698,258 | €789,095 | +€90,837 | +13.0% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Capital | 10 | €198,315 | €198,315 | = | 0.0% |
| Issued capital | 100 | €198,315 | €198,315 | = | 0.0% |
| Revaluation surpluses | 12 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €670,919 | €670,919 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €650,919 | €650,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€224,622 | -€130,173 | +€94,448 | +42.0% |
| Investment grants | 15 | €3,646 | €35 | -€3,611 | -99.0% |
| Provisions and deferred taxes | 16 | €7,500 | €5,000 | -€2,500 | -33.3% |
| Deferred taxes | 168 | €7,500 | €5,000 | -€2,500 | -33.3% |
| Amounts payable | 17/49 | €1,427,877 | €1,102,830 | -€325,046 | -22.8% |
| Amounts payable after more than one year | 17 | €741,087 | €517,862 | -€223,224 | -30.1% |
| Financial debts | 170/4 | €741,087 | €517,862 | -€223,224 | -30.1% |
| Amounts payable within one year | 42/48 | €367,914 | €258,502 | -€109,412 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €287,010 | €212,438 | -€74,572 | -26.0% |
| Trade debts | 44 | €26,895 | €12,446 | -€14,449 | -53.7% |
| Suppliers | 440/4 | €26,895 | €12,446 | -€14,449 | -53.7% |
| Taxes, remuneration and social security | 45 | €24,255 | €31,574 | +€7,319 | +30.2% |
| Taxes | 450/3 | €49 | €15 | -€34 | -70.1% |
| Remuneration and social security | 454/9 | €24,206 | €31,560 | +€7,354 | +30.4% |
| Other amounts payable | 47/48 | €29,754 | €2,044 | -€27,710 | -93.1% |
| Accrued charges and deferred income | 492/3 | €318,877 | €326,467 | +€7,590 | +2.4% |
| Turnover | 70 | €970,604 | - | -€970,604 | |
| Goods, raw materials, services and sundry goods | 60/61 | €467,015 | €437,139 | -€29,875 | -6.4% |
| Remuneration, social security and pensions | 62 | €188,346 | €226,959 | +€38,613 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370,242 | €304,306 | -€65,936 | -17.8% |
| Other operating charges | 640/8 | €3,151 | €2,010 | -€1,140 | -36.2% |
| Non-recurring operating charges | 66A | - | €33,246 | +€33,246 | |
| Gross operating margin | 9900 | €503,589 | €675,200 | +€171,611 | +34.1% |
| Operating profit (loss) | 9901 | -€58,149 | €108,679 | +€166,828 | |
| Financial income | 75/76B | €5,555 | €10,879 | +€5,323 | +95.8% |
| Recurring financial income | 75 | €5,555 | €10,879 | +€5,323 | +95.8% |
| Financial charges | 65/66B | €43,420 | €27,609 | -€15,810 | -36.4% |
| Recurring financial charges | 65 | €43,420 | €27,609 | -€15,810 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | -€96,014 | €91,948 | +€187,962 | |
| Transfer from deferred taxes | 780 | €3,252 | - | -€3,252 | |
| Income taxes | 67/77 | - | -€2,500 | -€2,500 | |
| Profit (loss) for the period | 9904 | -€92,762 | €94,448 | +€187,210 | |
| Transfer from tax-exempt reserves | 789 | €7,961 | - | -€7,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€84,800 | €94,448 | +€179,249 |
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.