WILCAMS: 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.
WILCAMS
Largest movements
- Current investments +€160,000
new in 2025: €160,000
- Cash -€108,477
down €108,477 (-55.8%), from €194,338 to €85,861
mainly Current investments (-€160,000) and Investment in fixed assets (net) (-€3,268)
- Tangible fixed assets -€4,846
down €4,846 (-24.9%), from €19,425 to €14,579
of which Furniture and vehicles: -€4,446
- Reserves +€48,928
up €48,928 (+32.3%), from €151,467 to €200,395
- Other debts -€3,260
down €3,260 (-39.1%), from €8,328 to €5,068
- Financial income +€1,814
new in 2025: €1,814
- Gross operating margin -€1,766
down €1,766 (-1.6%), from €113,693 to €111,927
- Staff costs +€1,357
up €1,357 (+4.1%), from €33,316 to €34,673
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 | €218,417 | €265,840 | +€47,423 | +21.7% |
| Fixed assets | 21/28 | €22,275 | €17,429 | -€4,846 | -21.8% |
| Tangible fixed assets | 22/27 | €19,425 | €14,579 | -€4,846 | -24.9% |
| Plant, machinery and equipment | 23 | €999 | €599 | -€400 | -40.1% |
| Furniture and vehicles | 24 | €18,427 | €13,980 | -€4,446 | -24.1% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €196,142 | €248,411 | +€52,270 | +26.6% |
| Amounts receivable within one year | 40/41 | €87 | €623 | +€536 | +616.6% |
| Trade receivables | 40 | €87 | €623 | +€536 | +616.6% |
| Current investments | 50/53 | - | €160,000 | +€160,000 | |
| Cash at bank and in hand | 54/58 | €194,338 | €85,861 | -€108,477 | -55.8% |
| Deferred charges and accrued income | 490/1 | €1,717 | €1,927 | +€210 | +12.2% |
| Total equity and liabilities | 10/49 | €218,417 | €265,840 | +€47,423 | +21.7% |
| Equity | 10/15 | €171,467 | €220,395 | +€48,928 | +28.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €151,467 | €200,395 | +€48,928 | +32.3% |
| Distributable reserves | 133 | €151,467 | €200,395 | +€48,928 | +32.3% |
| Amounts payable | 17/49 | €46,950 | €45,445 | -€1,505 | -3.2% |
| Amounts payable within one year | 42/48 | €46,950 | €45,445 | -€1,505 | -3.2% |
| Trade debts | 44 | €1,114 | €240 | -€875 | -78.5% |
| Suppliers | 440/4 | €1,114 | €240 | -€875 | -78.5% |
| Taxes, remuneration and social security | 45 | €37,508 | €40,138 | +€2,630 | +7.0% |
| Taxes | 450/3 | €30,555 | €30,172 | -€383 | -1.3% |
| Remuneration and social security | 454/9 | €6,953 | €9,965 | +€3,013 | +43.3% |
| Other amounts payable | 47/48 | €8,328 | €5,068 | -€3,260 | -39.1% |
| Remuneration, social security and pensions | 62 | €33,316 | €34,673 | +€1,357 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,740 | €8,114 | +€374 | +4.8% |
| Other operating charges | 640/8 | €842 | €865 | +€23 | +2.7% |
| Gross operating margin | 9900 | €113,693 | €111,927 | -€1,766 | -1.6% |
| Operating profit (loss) | 9901 | €71,795 | €68,275 | -€3,520 | -4.9% |
| Financial income | 75/76B | - | €1,814 | +€1,814 | |
| Recurring financial income | 75 | - | €1,814 | +€1,814 | |
| Financial charges | 65/66B | €69 | €682 | +€613 | +888.0% |
| Recurring financial charges | 65 | €69 | €682 | +€613 | +888.0% |
| Profit (loss) for the period before taxes | 9903 | €71,726 | €69,407 | -€2,319 | -3.2% |
| Income taxes | 67/77 | €21,016 | €20,480 | -€536 | -2.6% |
| Profit (loss) for the period | 9904 | €50,710 | €48,928 | -€1,782 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,710 | €48,928 | -€1,782 | -3.5% |
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 6 October 2026 via checked.be.