WILFRA CONCEPT & CREATION: 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.
WILFRA CONCEPT & CREATION
Largest movements
- Current investments -€450,000
no longer reported in 2025 (was €450,000)
- Stocks and contracts -€138,260
down €138,260 (-31.4%), from €440,713 to €302,453
of which Contracts in progress: -€185,962
- Receivables within one year +€64,445
up €64,445 (+30.3%), from €212,888 to €277,334
of which Trade receivables: +€48,346
- Tangible fixed assets -€40,933
down €40,933 (-20.5%), from €199,980 to €159,047
of which Furniture and vehicles: -€21,054
- Cash -€22,604
down €22,604 (-7.4%), from €304,191 to €281,587
mainly Contributions, distributions and other (-€950,000) and Receivables within one year (-€64,445)
- Reserves -€762,788
down €762,788 (-63.0%), from €1.2m to €447,503
of which Distributable reserves: -€762,788
- Trade debts +€216,193
up €216,193 (+97.5%), from €221,711 to €437,904
- Debts after one year -€22,035
down €22,035 (-33.0%), from €66,856 to €44,820
- Other debts -€20,000
down €20,000 (-80.0%), from €25,000 to €5,000
- Gross operating margin -€54,968
down €54,968 (-10.7%), from €511,383 to €456,414
- Taxes -€8,511
down €8,511 (-11.4%), from €74,757 to €66,246
- Staff costs -€8,036
down €8,036 (-5.2%), from €155,001 to €146,965
- Financial income +€7,546
up €7,546 (+39.1%), from €19,284 to €26,830
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,614,241 | €1,028,815 | -€585,426 | -36.3% |
| Fixed assets | 21/28 | €199,980 | €159,047 | -€40,933 | -20.5% |
| Tangible fixed assets | 22/27 | €199,980 | €159,047 | -€40,933 | -20.5% |
| Land and buildings | 22 | €909 | €606 | -€303 | -33.3% |
| Plant, machinery and equipment | 23 | €53,985 | €34,409 | -€19,576 | -36.3% |
| Furniture and vehicles | 24 | €145,086 | €124,032 | -€21,054 | -14.5% |
| Current assets | 29/58 | €1,414,261 | €869,768 | -€544,493 | -38.5% |
| Stocks and contracts in progress | 3 | €440,713 | €302,453 | -€138,260 | -31.4% |
| Stocks | 30/36 | €254,751 | €302,453 | +€47,702 | +18.7% |
| Contracts in progress | 37 | €185,962 | - | -€185,962 | |
| Amounts receivable within one year | 40/41 | €212,888 | €277,334 | +€64,445 | +30.3% |
| Trade receivables | 40 | €160,251 | €208,597 | +€48,346 | +30.2% |
| Other amounts receivable | 41 | €52,638 | €68,736 | +€16,099 | +30.6% |
| Current investments | 50/53 | €450,000 | - | -€450,000 | |
| Cash at bank and in hand | 54/58 | €304,191 | €281,587 | -€22,604 | -7.4% |
| Deferred charges and accrued income | 490/1 | €6,469 | €8,394 | +€1,926 | +29.8% |
| Total equity and liabilities | 10/49 | €1,614,241 | €1,028,815 | -€585,426 | -36.3% |
| Equity | 10/15 | €1,272,292 | €509,503 | -€762,788 | -60.0% |
| 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 | €1,210,292 | €447,503 | -€762,788 | -63.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,185,342 | €422,553 | -€762,788 | -64.4% |
| Amounts payable | 17/49 | €341,949 | €519,311 | +€177,362 | +51.9% |
| Amounts payable after more than one year | 17 | €66,856 | €44,820 | -€22,035 | -33.0% |
| Financial debts | 170/4 | €66,856 | €44,820 | -€22,035 | -33.0% |
| Amounts payable within one year | 42/48 | €274,167 | €470,378 | +€196,211 | +71.6% |
| Current portion of amounts payable after more than one year | 42 | €21,213 | €22,035 | +€822 | +3.9% |
| Trade debts | 44 | €221,711 | €437,904 | +€216,193 | +97.5% |
| Suppliers | 440/4 | €221,711 | €437,904 | +€216,193 | +97.5% |
| Taxes, remuneration and social security | 45 | €6,242 | €5,439 | -€803 | -12.9% |
| Taxes | 450/3 | €1,081 | - | -€1,081 | |
| Remuneration and social security | 454/9 | €5,161 | €5,439 | +€278 | +5.4% |
| Other amounts payable | 47/48 | €25,000 | €5,000 | -€20,000 | -80.0% |
| Accrued charges and deferred income | 492/3 | €927 | €4,113 | +€3,186 | +344% |
| Non-recurring operating income | 76A | €63,100 | €1,230 | -€61,870 | -98.1% |
| Remuneration, social security and pensions | 62 | €155,001 | €146,965 | -€8,036 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,204 | €75,077 | +€2,873 | +4.0% |
| Other operating charges | 640/8 | €863 | €866 | +€4 | +0.4% |
| Non-recurring operating charges | 66A | €6,225 | €467 | -€5,757 | -92.5% |
| Gross operating margin | 9900 | €511,383 | €456,414 | -€54,968 | -10.7% |
| Operating profit (loss) | 9901 | €277,090 | €233,039 | -€44,051 | -15.9% |
| Financial income | 75/76B | €19,284 | €26,830 | +€7,546 | +39.1% |
| Recurring financial income | 75 | €19,284 | €26,830 | +€7,546 | +39.1% |
| Financial charges | 65/66B | €5,743 | €6,412 | +€669 | +11.6% |
| Recurring financial charges | 65 | €5,743 | €6,412 | +€669 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €290,632 | €253,458 | -€37,174 | -12.8% |
| Income taxes | 67/77 | €74,757 | €66,246 | -€8,511 | -11.4% |
| Profit (loss) for the period | 9904 | €215,875 | €187,212 | -€28,663 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €215,875 | €187,212 | -€28,663 | -13.3% |
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 31 October 2026 via checked.be.