WILL.B: 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.
WILL.B
Largest movements
- Stocks and contracts +€22,449
up €22,449 (+15.0%), from €149,473 to €171,922
- Reserves +€27,500
up €27,500 (+24.1%), from €114,000 to €141,500
- Trade debts -€10,249
down €10,249 (-81.9%), from €12,521 to €2,272
- Tax, wage and social debts +€3,619
up €3,619 (+10.9%), from €33,310 to €36,929
of which Taxes: +€4,761
- Turnover -€373,405
no longer reported in 2025 (was €373,405)
- Purchases and services -€313,043
no longer reported in 2025 (was €313,043)
- Gross operating margin -€9,302
down €9,302 (-11.7%), from €79,503 to €70,201
- Taxes -€4,562
down €4,562 (-22.9%), from €19,915 to €15,353
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 | €210,037 | €232,063 | +€22,026 | +10.5% |
| Fixed assets | 21/28 | €348 | €0 | -€348 | -100.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €348 | €0 | -€348 | -100.0% |
| Plant, machinery and equipment | 23 | €348 | €0 | -€348 | -100.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €209,689 | €232,063 | +€22,374 | +10.7% |
| Stocks and contracts in progress | 3 | €149,473 | €171,922 | +€22,449 | +15.0% |
| Stocks | 30/36 | €149,473 | €171,922 | +€22,449 | +15.0% |
| Amounts receivable within one year | 40/41 | €1,765 | €299 | -€1,466 | -83.1% |
| Trade receivables | 40 | €1,234 | €299 | -€935 | -75.8% |
| Other amounts receivable | 41 | €532 | €0 | -€532 | -100.0% |
| Cash at bank and in hand | 54/58 | €57,226 | €59,189 | +€1,963 | +3.4% |
| Deferred charges and accrued income | 490/1 | €1,225 | €653 | -€572 | -46.7% |
| Total equity and liabilities | 10/49 | €210,037 | €232,063 | +€22,026 | +10.5% |
| Equity | 10/15 | €125,924 | €153,597 | +€27,674 | +22.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €114,000 | €141,500 | +€27,500 | +24.1% |
| Distributable reserves | 133 | €114,000 | €141,500 | +€27,500 | +24.1% |
| Profit (loss) carried forward | 14 | €6,924 | €7,097 | +€174 | +2.5% |
| Amounts payable | 17/49 | €84,114 | €78,466 | -€5,648 | -6.7% |
| Amounts payable within one year | 42/48 | €84,114 | €77,469 | -€6,645 | -7.9% |
| Trade debts | 44 | €12,521 | €2,272 | -€10,249 | -81.9% |
| Suppliers | 440/4 | €12,521 | €2,272 | -€10,249 | -81.9% |
| Taxes, remuneration and social security | 45 | €33,310 | €36,929 | +€3,619 | +10.9% |
| Taxes | 450/3 | €23,192 | €27,953 | +€4,761 | +20.5% |
| Remuneration and social security | 454/9 | €10,118 | €8,977 | -€1,141 | -11.3% |
| Other amounts payable | 47/48 | €38,282 | €38,267 | -€15 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €997 | +€997 | |
| Turnover | 70 | €373,405 | - | -€373,405 | |
| Goods, raw materials, services and sundry goods | 60/61 | €313,043 | - | -€313,043 | |
| Remuneration, social security and pensions | 62 | €27,252 | €27,231 | -€21 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581 | €348 | -€234 | -40.2% |
| Other operating charges | 640/8 | €887 | €1,110 | +€223 | +25.1% |
| Non-recurring operating charges | 66A | €0 | €695 | +€695 | |
| Gross operating margin | 9900 | €79,503 | €70,201 | -€9,302 | -11.7% |
| Operating profit (loss) | 9901 | €50,782 | €40,817 | -€9,966 | -19.6% |
| Financial income | 75/76B | €4,577 | €3,795 | -€782 | -17.1% |
| Recurring financial income | 75 | €4,577 | €3,795 | -€782 | -17.1% |
| Financial charges | 65/66B | €3,619 | €1,585 | -€2,035 | -56.2% |
| Recurring financial charges | 65 | €2,337 | €1,585 | -€752 | -32.2% |
| Non-recurring financial charges | 66B | €1,282 | - | -€1,282 | |
| Profit (loss) for the period before taxes | 9903 | €51,740 | €43,027 | -€8,713 | -16.8% |
| Income taxes | 67/77 | €19,915 | €15,353 | -€4,562 | -22.9% |
| Profit (loss) for the period | 9904 | €31,825 | €27,674 | -€4,151 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,825 | €27,674 | -€4,151 | -13.0% |
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 29 September 2026 via checked.be.