WILL SERVICES: 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 SERVICES
Largest movements
- Tangible fixed assets +€228,920
up €228,920 (+1526.2%), from €15,000 to €243,919
of which Land and buildings: +€235,742
- Cash -€49,728
down €49,728 (-44.5%), from €111,808 to €62,079
mainly Investment in fixed assets (net) (-€253,201) and Stocks and contracts (-€38,963)
- Stocks and contracts +€38,963
up €38,963 (+230.2%), from €16,922 to €55,885
of which Contracts in progress: +€38,000
- Receivables within one year +€17,768
up €17,768 (+61.7%), from €28,776 to €46,544
of which Trade receivables: +€22,511
- Other debts +€197,642
up €197,642 (+568.0%), from €34,796 to €232,438
- Reserves +€31,547
up €31,547 (+26.3%), from €120,133 to €151,680
- Trade debts +€8,079
up €8,079 (+1880.0%), from €430 to €8,509
- Depreciation +€21,906
up €21,906 (+922.1%), from €2,376 to €24,282
- Gross operating margin +€19,951
up €19,951 (+42.2%), from €47,288 to €67,240
- Taxes -€3,380
down €3,380 (-28.3%), from €11,928 to €8,548
- Financial charges +€1,122
up €1,122 (+406.9%), from €276 to €1,398
- Staff costs -€802
down €802 (-100.0%), from €802 to €0
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 | €172,506 | €408,428 | +€235,923 | +136.8% |
| Fixed assets | 21/28 | €15,000 | €243,919 | +€228,920 | +1526.2% |
| Tangible fixed assets | 22/27 | €15,000 | €243,919 | +€228,920 | +1526.2% |
| Land and buildings | 22 | - | €235,742 | +€235,742 | |
| Plant, machinery and equipment | 23 | €9,697 | €4,447 | -€5,250 | -54.1% |
| Furniture and vehicles | 24 | €5,303 | €3,731 | -€1,572 | -29.7% |
| Current assets | 29/58 | €157,506 | €164,509 | +€7,003 | +4.4% |
| Stocks and contracts in progress | 3 | €16,922 | €55,885 | +€38,963 | +230.2% |
| Stocks | 30/36 | €12,922 | €13,885 | +€963 | +7.5% |
| Contracts in progress | 37 | €4,000 | €42,000 | +€38,000 | +950.0% |
| Amounts receivable within one year | 40/41 | €28,776 | €46,544 | +€17,768 | +61.7% |
| Trade receivables | 40 | €11,019 | €33,530 | +€22,511 | +204.3% |
| Other amounts receivable | 41 | €17,757 | €13,014 | -€4,743 | -26.7% |
| Cash at bank and in hand | 54/58 | €111,808 | €62,079 | -€49,728 | -44.5% |
| Total equity and liabilities | 10/49 | €172,506 | €408,428 | +€235,923 | +136.8% |
| Equity | 10/15 | €132,533 | €164,080 | +€31,547 | +23.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €120,133 | €151,680 | +€31,547 | +26.3% |
| Distributable reserves | 133 | €120,133 | €151,680 | +€31,547 | +26.3% |
| Amounts payable | 17/49 | €39,972 | €244,348 | +€204,376 | +511.3% |
| Amounts payable within one year | 42/48 | €39,972 | €244,348 | +€204,376 | +511.3% |
| Trade debts | 44 | €430 | €8,509 | +€8,079 | +1880.0% |
| Suppliers | 440/4 | €430 | €8,509 | +€8,079 | +1880.0% |
| Advances received on contracts in progress | 46 | €3,401 | €3,401 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,346 | €0 | -€1,346 | -100.0% |
| Taxes | 450/3 | €1,346 | €0 | -€1,346 | -100.0% |
| Other amounts payable | 47/48 | €34,796 | €232,438 | +€197,642 | +568.0% |
| Remuneration, social security and pensions | 62 | €802 | €0 | -€802 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,376 | €24,282 | +€21,906 | +922.1% |
| Other operating charges | 640/8 | €1,374 | €1,465 | +€91 | +6.6% |
| Gross operating margin | 9900 | €47,288 | €67,240 | +€19,951 | +42.2% |
| Operating profit (loss) | 9901 | €42,736 | €41,493 | -€1,243 | -2.9% |
| Financial income | 75/76B | €34 | €0 | -€34 | -100.0% |
| Recurring financial income | 75 | €34 | €0 | -€34 | -100.0% |
| Financial charges | 65/66B | €276 | €1,398 | +€1,122 | +406.9% |
| Recurring financial charges | 65 | €276 | €1,398 | +€1,122 | +406.9% |
| Profit (loss) for the period before taxes | 9903 | €42,494 | €40,095 | -€2,399 | -5.6% |
| Income taxes | 67/77 | €11,928 | €8,548 | -€3,380 | -28.3% |
| Profit (loss) for the period | 9904 | €30,567 | €31,547 | +€980 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,567 | €31,547 | +€980 | +3.2% |
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 8 October 2026 via checked.be.