WILCO: 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
WILCO
NACE 47.621, Retail sale of newspapers and periodicals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€303,170
2024 · -€71,468+€374,639
Equity
€2.9m
2024 · €2.7m+€266,170
Cash
€201,715
2024 · €200,212+€1,503
Balance sheet total
€3.6m
2024 · €4.2m-€524,024
Largest movements
Assets
- Current investments -€256,651
down €256,651 (-61.2%), from €419,459 to €162,808
- Tangible fixed assets -€211,875
down €211,875 (-6.6%), from €3.2m to €3.0m
of which Land and buildings: -€169,160
Equity and liabilities
- Debts after one year -€714,299
down €714,299 (-95.0%), from €751,933 to €37,634
- Reserves +€266,170
up €266,170 (+10.2%), from €2.6m to €2.9m
of which Distributable reserves: +€366,996
- Current portion of long-term debt -€72,255
down €72,255 (-87.3%), from €82,734 to €10,480
- Tax, wage and social debts +€58,182
up €58,182 (+935%), from €6,224 to €64,406
of which Taxes: +€58,172
- Provisions -€51,917
down €51,917 (-9.3%), from €558,241 to €506,324
Income statement
- Gross operating margin +€412,622
up €412,622 (+172%), from €240,384 to €653,006
- Taxes +€166,224
up €166,224 (+1,139%), from €14,599 to €180,823
- Financial income +€104,426
up €104,426 (+1,106%), from €9,439 to €113,866
- Depreciation -€11,153
down €11,153 (-4.0%), from €275,431 to €264,278
- Financial charges -€10,611
down €10,611 (-21.7%), from €48,927 to €38,315
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
-€71,468
Gross operating margin
+€412,622
Depreciation
+€11,153
Other operating charges
-€3,951
Other operating items
+€6,000
Financial income
+€104,426
Financial charges
+€10,611
Taxes
-€166,224
Result 2025
€303,170
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
+€590,808
Investment
+€234,248
Financing
-€823,553
Cash 2024
€200,212
From operations (derived)
+€590,808
Net result for the year
+€303,170
Depreciation
+€264,278
Receivables within one year
-€9,933
Deferred charges and accrued income
+€36,934
Provisions
-€51,917
Trade debts
-€4,088
Tax, wage and social debts
+€58,182
Other debts
+€2,886
Accrued charges and deferred income
-€8,704
Investment (derived)
+€234,248
Investment in fixed assets (net)
-€22,402
Current investments
+€256,651
Financing
-€823,553
Debts after one year
-€714,299
Current portion of long-term debt
-€72,255
Contributions, distributions and other
-€37,000
Cash 2025
€201,715
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,161,900 | €3,637,876 | -€524,024 | -12.6% |
| Fixed assets | 21/28 | €3,295,404 | €3,053,528 | -€241,875 | -7.3% |
| Intangible fixed assets | 21 | €60,000 | €30,000 | -€30,000 | -50.0% |
| Tangible fixed assets | 22/27 | €3,233,434 | €3,021,559 | -€211,875 | -6.6% |
| Land and buildings | 22 | €3,180,863 | €3,011,703 | -€169,160 | -5.3% |
| Plant, machinery and equipment | 23 | €9,296 | €2,745 | -€6,551 | -70.5% |
| Furniture and vehicles | 24 | €24,001 | €7,112 | -€16,889 | -70.4% |
| Other tangible fixed assets | 26 | €19,275 | €0 | -€19,275 | -100% |
| Financial fixed assets | 28 | €1,969 | €1,969 | = | 0.0% |
| Current assets | 29/58 | €866,497 | €584,348 | -€282,149 | -32.6% |
| Amounts receivable after more than one year | 29 | €8,003 | €8,003 | = | 0.0% |
| Other amounts receivable | 291 | €8,003 | €8,003 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €198,416 | €208,349 | +€9,933 | +5.0% |
| Trade receivables | 40 | €193,079 | €208,349 | +€15,270 | +7.9% |
| Other amounts receivable | 41 | €5,337 | €0 | -€5,337 | -100% |
| Current investments | 50/53 | €419,459 | €162,808 | -€256,651 | -61.2% |
| Cash at bank and in hand | 54/58 | €200,212 | €201,715 | +€1,503 | +0.8% |
| Deferred charges and accrued income | 490/1 | €40,407 | €3,473 | -€36,934 | -91.4% |
| Total equity and liabilities | 10/49 | €4,161,900 | €3,637,876 | -€524,024 | -12.6% |
| Equity | 10/15 | €2,671,332 | €2,937,502 | +€266,170 | +10.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,609,332 | €2,875,502 | +€266,170 | +10.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,084,128 | €983,302 | -€100,826 | -9.3% |
| Distributable reserves | 133 | €1,519,004 | €1,886,000 | +€366,996 | +24.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €558,241 | €506,324 | -€51,917 | -9.3% |
| Deferred taxes | 168 | €558,241 | €506,324 | -€51,917 | -9.3% |
| Amounts payable | 17/49 | €932,327 | €194,050 | -€738,277 | -79.2% |
| Amounts payable after more than one year | 17 | €751,933 | €37,634 | -€714,299 | -95.0% |
| Financial debts | 170/4 | €751,933 | €37,634 | -€714,299 | -95.0% |
| Amounts payable within one year | 42/48 | €168,460 | €153,186 | -€15,274 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €82,734 | €10,480 | -€72,255 | -87.3% |
| Trade debts | 44 | €20,010 | €15,922 | -€4,088 | -20.4% |
| Suppliers | 440/4 | €20,010 | €15,922 | -€4,088 | -20.4% |
| Taxes, remuneration and social security | 45 | €6,224 | €64,406 | +€58,182 | +935% |
| Taxes | 450/3 | €4,435 | €62,606 | +€58,172 | +1,312% |
| Remuneration and social security | 454/9 | €1,789 | €1,800 | +€11 | +0.6% |
| Other amounts payable | 47/48 | €59,492 | €62,378 | +€2,886 | +4.9% |
| Accrued charges and deferred income | 492/3 | €11,934 | €3,230 | -€8,704 | -72.9% |
| Non-recurring operating income | 76A | €0 | €374,427 | +€374,427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275,431 | €264,278 | -€11,153 | -4.0% |
| Other operating charges | 640/8 | €28,253 | €32,203 | +€3,951 | +14.0% |
| Non-recurring operating charges | 66A | €6,000 | €0 | -€6,000 | -100% |
| Gross operating margin | 9900 | €240,384 | €653,006 | +€412,622 | +172% |
| Operating profit (loss) | 9901 | -€69,300 | €356,525 | +€425,825 | |
| Financial income | 75/76B | €9,439 | €113,866 | +€104,426 | +1,106% |
| Recurring financial income | 75 | €9,439 | €113,866 | +€104,426 | +1,106% |
| Financial charges | 65/66B | €48,927 | €38,315 | -€10,611 | -21.7% |
| Recurring financial charges | 65 | €48,927 | €38,315 | -€10,611 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | -€108,787 | €432,076 | +€540,862 | |
| Transfer from deferred taxes | 780 | €51,917 | €51,917 | = | 0.0% |
| Income taxes | 67/77 | €14,599 | €180,823 | +€166,224 | +1,139% |
| Profit (loss) for the period | 9904 | -€71,468 | €303,170 | +€374,639 | |
| Transfer from tax-exempt reserves | 789 | €100,826 | €100,826 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,357 | €403,996 | +€374,639 | +1,276% |
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 18 October 2026 via checked.be.