WILFA: 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.
WILFA
Largest movements
- Cash -€15,569
down €15,569 (-85.9%), from €18,116 to €2,547
mainly Other debts (-€60,049) and Tax, wage and social debts (-€12,993)
- Current investments -€15,522
down €15,522 (-61.9%), from €25,062 to €9,540
- Receivables within one year +€10,908
up €10,908 (+6.2%), from €176,287 to €187,195
of which Trade receivables: +€20,595
- Tangible fixed assets +€2,823
up €2,823 (+35.0%), from €8,066 to €10,889
of which Other tangible fixed assets: +€3,767
- Other debts -€60,049
down €60,049 (-54.4%), from €110,461 to €50,412
- Trade debts +€57,024
up €57,024 (+132.8%), from €42,936 to €99,960
- Debts after one year +€20,124
new in 2025: €20,124
- Tax, wage and social debts -€12,993
down €12,993 (-37.3%), from €34,875 to €21,882
of which Taxes: -€8,623
- Current portion of long-term debt -€12,030
down €12,030 (-52.9%), from €22,751 to €10,721
- Gross operating margin -€59,598
down €59,598 (-29.9%), from €199,599 to €140,001
- Taxes -€4,456
down €4,456 (-24.8%), from €17,975 to €13,520
- Staff costs +€3,802
up €3,802 (+3.0%), from €126,393 to €130,195
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 | €239,043 | €220,942 | -€18,101 | -7.6% |
| Fixed assets | 21/28 | €8,066 | €10,889 | +€2,823 | +35.0% |
| Tangible fixed assets | 22/27 | €8,066 | €10,889 | +€2,823 | +35.0% |
| Plant, machinery and equipment | 23 | €2,259 | €1,527 | -€733 | -32.4% |
| Furniture and vehicles | 24 | €5,806 | €5,595 | -€211 | -3.6% |
| Other tangible fixed assets | 26 | - | €3,767 | +€3,767 | |
| Current assets | 29/58 | €230,978 | €210,054 | -€20,924 | -9.1% |
| Amounts receivable within one year | 40/41 | €176,287 | €187,195 | +€10,908 | +6.2% |
| Trade receivables | 40 | €34,559 | €55,155 | +€20,595 | +59.6% |
| Other amounts receivable | 41 | €141,728 | €132,040 | -€9,688 | -6.8% |
| Current investments | 50/53 | €25,062 | €9,540 | -€15,522 | -61.9% |
| Cash at bank and in hand | 54/58 | €18,116 | €2,547 | -€15,569 | -85.9% |
| Deferred charges and accrued income | 490/1 | €11,512 | €10,771 | -€740 | -6.4% |
| Total equity and liabilities | 10/49 | €239,043 | €220,942 | -€18,101 | -7.6% |
| Equity | 10/15 | €28,019 | €17,843 | -€10,176 | -36.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,919 | -€7,257 | -€10,176 | |
| Amounts payable | 17/49 | €211,024 | €203,099 | -€7,924 | -3.8% |
| Amounts payable after more than one year | 17 | - | €20,124 | +€20,124 | |
| Financial debts | 170/4 | - | €20,124 | +€20,124 | |
| Amounts payable within one year | 42/48 | €211,024 | €182,975 | -€28,048 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €22,751 | €10,721 | -€12,030 | -52.9% |
| Trade debts | 44 | €42,936 | €99,960 | +€57,024 | +132.8% |
| Suppliers | 440/4 | €42,936 | €99,960 | +€57,024 | +132.8% |
| Taxes, remuneration and social security | 45 | €34,875 | €21,882 | -€12,993 | -37.3% |
| Taxes | 450/3 | €15,316 | €6,694 | -€8,623 | -56.3% |
| Remuneration and social security | 454/9 | €19,558 | €15,188 | -€4,371 | -22.3% |
| Other amounts payable | 47/48 | €110,461 | €50,412 | -€60,049 | -54.4% |
| Non-recurring operating income | 76A | €3,205 | - | -€3,205 | |
| Remuneration, social security and pensions | 62 | €126,393 | €130,195 | +€3,802 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,890 | €4,249 | +€1,358 | +47.0% |
| Other operating charges | 640/8 | €599 | €753 | +€154 | +25.7% |
| Non-recurring operating charges | 66A | €1,500 | - | -€1,500 | |
| Gross operating margin | 9900 | €199,599 | €140,001 | -€59,598 | -29.9% |
| Operating profit (loss) | 9901 | €68,217 | €4,805 | -€63,412 | -93.0% |
| Financial income | 75/76B | €681 | €696 | +€15 | +2.2% |
| Recurring financial income | 75 | €681 | €696 | +€15 | +2.2% |
| Financial charges | 65/66B | €3,267 | €2,158 | -€1,110 | -34.0% |
| Recurring financial charges | 65 | €3,267 | €1,839 | -€1,428 | -43.7% |
| Non-recurring financial charges | 66B | - | €318 | +€318 | |
| Profit (loss) for the period before taxes | 9903 | €65,631 | €3,343 | -€62,288 | -94.9% |
| Income taxes | 67/77 | €17,975 | €13,520 | -€4,456 | -24.8% |
| Profit (loss) for the period | 9904 | €47,656 | -€10,176 | -€57,832 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,656 | -€10,176 | -€57,832 |
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.