WILL: what changed
What changed
WILL
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€28,249
2024 · €134,322-€106,073
Equity
€298,474
2024 · €270,225+€28,249
Cash
€9,619
2024 · €4,009+€5,611
Balance sheet total
€602,983
2024 · €614,371-€11,388
Largest movements
Assets
- Tangible fixed assets -€9,750
down €9,750 (-62.5%), from €15,605 to €5,855
- Receivables within one year -€7,089
down €7,089 (-23.6%), from €30,083 to €22,994
of which Other amounts receivable: -€7,089
Equity and liabilities
- Debts after one year -€48,620
down €48,620 (-28.4%), from €170,997 to €122,377
- Reserves +€28,249
up €28,249 (+10.9%), from €260,225 to €288,474
- Tax, wage and social debts +€6,993
up €6,993 (+92.3%), from €7,580 to €14,572
of which Taxes: +€6,993
Income statement
- Financial income -€105,000
no longer reported in 2025 (was €105,000)
- Financial charges +€912
up €912 (+9.2%), from €9,881 to €10,793
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€134,322
Gross operating margin
-€414
Other operating charges
-€11
Financial income
-€105,000
Financial charges
-€912
Taxes
+€264
Result 2025
€28,249
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€56,557
Investment
€0
Financing
-€50,946
Cash 2024
€4,009
From operations (derived)
+€56,557
Net result for the year
+€28,249
Depreciation
+€9,750
Receivables within one year
+€7,089
Deferred charges and accrued income
+€159
Trade debts
+€1,201
Tax, wage and social debts
+€6,993
Other debts
+€2,961
Accrued charges and deferred income
+€156
Financing
-€50,946
Debts after one year
-€48,620
Current portion of long-term debt
-€2,326
Cash 2025
€9,619
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,371 | €602,983 | -€11,388 | -1.9% |
| Fixed assets | 21/28 | €580,120 | €570,370 | -€9,750 | -1.7% |
| Tangible fixed assets | 22/27 | €15,605 | €5,855 | -€9,750 | -62.5% |
| Furniture and vehicles | 24 | €15,605 | €5,855 | -€9,750 | -62.5% |
| Financial fixed assets | 28 | €564,515 | €564,515 | = | 0.0% |
| Current assets | 29/58 | €34,250 | €32,613 | -€1,637 | -4.8% |
| Amounts receivable within one year | 40/41 | €30,083 | €22,994 | -€7,089 | -23.6% |
| Trade receivables | 40 | €22,990 | €22,990 | = | 0.0% |
| Other amounts receivable | 41 | €7,093 | €4 | -€7,089 | -99.9% |
| Cash at bank and in hand | 54/58 | €4,009 | €9,619 | +€5,611 | +140% |
| Deferred charges and accrued income | 490/1 | €159 | - | -€159 | |
| Total equity and liabilities | 10/49 | €614,371 | €602,983 | -€11,388 | -1.9% |
| Equity | 10/15 | €270,225 | €298,474 | +€28,249 | +10.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €260,225 | €288,474 | +€28,249 | +10.9% |
| Distributable reserves | 133 | €260,225 | €288,474 | +€28,249 | +10.9% |
| Amounts payable | 17/49 | €344,146 | €304,510 | -€39,636 | -11.5% |
| Amounts payable after more than one year | 17 | €170,997 | €122,377 | -€48,620 | -28.4% |
| Financial debts | 170/4 | €170,997 | €122,377 | -€48,620 | -28.4% |
| Amounts payable within one year | 42/48 | €170,060 | €178,888 | +€8,829 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €50,946 | €48,620 | -€2,326 | -4.6% |
| Trade debts | 44 | €156 | €1,357 | +€1,201 | +771% |
| Suppliers | 440/4 | €156 | €1,357 | +€1,201 | +771% |
| Taxes, remuneration and social security | 45 | €7,580 | €14,572 | +€6,993 | +92.3% |
| Taxes | 450/3 | €4,980 | €11,972 | +€6,993 | +140% |
| Remuneration and social security | 454/9 | €2,600 | €2,600 | = | 0.0% |
| Other amounts payable | 47/48 | €111,378 | €114,339 | +€2,961 | +2.7% |
| Accrued charges and deferred income | 492/3 | €3,089 | €3,245 | +€156 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,750 | €9,750 | = | 0.0% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €56,976 | €56,561 | -€414 | -0.7% |
| Operating profit (loss) | 9901 | €47,110 | €46,685 | -€425 | -0.9% |
| Financial income | 75/76B | €105,000 | - | -€105,000 | |
| Recurring financial income | 75 | €105,000 | - | -€105,000 | |
| Financial charges | 65/66B | €9,881 | €10,793 | +€912 | +9.2% |
| Recurring financial charges | 65 | €9,881 | €10,793 | +€912 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €142,229 | €35,892 | -€106,337 | -74.8% |
| Income taxes | 67/77 | €7,907 | €7,643 | -€264 | -3.3% |
| Profit (loss) for the period | 9904 | €134,322 | €28,249 | -€106,073 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €134,322 | €28,249 | -€106,073 | -79.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.