WILLAR: 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.
WILLAR
Largest movements
- Cash +€4,695
up €4,695 (+42.7%), from €10,994 to €15,689
mainly Net result for the year (+€60,634) and Depreciation (+€2,668)
- Reserves +€60,634
up €60,634 (+57.2%), from €105,918 to €166,552
- Other debts -€36,000
no longer reported in 2025 (was €36,000)
- Debts after one year -€20,718
down €20,718 (-24.1%), from €86,041 to €65,323
- Gross operating margin +€38,828
up €38,828 (+94.9%), from €40,900 to €79,729
- Taxes +€5,355
up €5,355 (+46.0%), from €11,642 to €16,997
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 | €293,299 | €299,855 | +€6,556 | +2.2% |
| Fixed assets | 21/28 | €107,027 | €107,021 | -€6 | 0.0% |
| Tangible fixed assets | 22/27 | €22,227 | €22,221 | -€6 | 0.0% |
| Plant, machinery and equipment | 23 | €22,227 | €22,221 | -€6 | 0.0% |
| Financial fixed assets | 28 | €84,800 | €84,800 | = | 0.0% |
| Current assets | 29/58 | €186,272 | €192,834 | +€6,562 | +3.5% |
| Amounts receivable within one year | 40/41 | €169,006 | €171,401 | +€2,395 | +1.4% |
| Trade receivables | 40 | €30,250 | €19,663 | -€10,588 | -35.0% |
| Other amounts receivable | 41 | €138,756 | €151,739 | +€12,983 | +9.4% |
| Cash at bank and in hand | 54/58 | €10,994 | €15,689 | +€4,695 | +42.7% |
| Deferred charges and accrued income | 490/1 | €6,272 | €5,744 | -€528 | -8.4% |
| Total equity and liabilities | 10/49 | €293,299 | €299,855 | +€6,556 | +2.2% |
| Equity | 10/15 | €114,518 | €175,152 | +€60,634 | +52.9% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €105,918 | €166,552 | +€60,634 | +57.2% |
| Distributable reserves | 133 | €105,918 | €166,552 | +€60,634 | +57.2% |
| Amounts payable | 17/49 | €178,781 | €124,703 | -€54,079 | -30.2% |
| Amounts payable after more than one year | 17 | €86,041 | €65,323 | -€20,718 | -24.1% |
| Financial debts | 170/4 | €86,041 | €65,323 | -€20,718 | -24.1% |
| Amounts payable within one year | 42/48 | €87,991 | €56,096 | -€31,895 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €19,915 | €20,718 | +€803 | +4.0% |
| Financial debts | 43 | €18,242 | €19,852 | +€1,609 | +8.8% |
| Other loans | 439 | €18,242 | €19,852 | +€1,609 | +8.8% |
| Trade debts | 44 | €8,397 | €7,800 | -€597 | -7.1% |
| Suppliers | 440/4 | €8,397 | €7,800 | -€597 | -7.1% |
| Taxes, remuneration and social security | 45 | €5,437 | €7,727 | +€2,290 | +42.1% |
| Taxes | 450/3 | €5,437 | €7,727 | +€2,290 | +42.1% |
| Other amounts payable | 47/48 | €36,000 | - | -€36,000 | |
| Accrued charges and deferred income | 492/3 | €4,750 | €3,284 | -€1,466 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,257 | €2,668 | +€411 | +18.2% |
| Other operating charges | 640/8 | €367 | €740 | +€373 | +101.6% |
| Gross operating margin | 9900 | €40,900 | €79,729 | +€38,828 | +94.9% |
| Operating profit (loss) | 9901 | €38,276 | €76,320 | +€38,044 | +99.4% |
| Financial income | 75/76B | €6,241 | €6,617 | +€376 | +6.0% |
| Recurring financial income | 75 | €6,241 | €6,617 | +€376 | +6.0% |
| Financial charges | 65/66B | €6,000 | €5,306 | -€695 | -11.6% |
| Recurring financial charges | 65 | €6,000 | €5,306 | -€695 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €38,517 | €77,631 | +€39,115 | +101.6% |
| Income taxes | 67/77 | €11,642 | €16,997 | +€5,355 | +46.0% |
| Profit (loss) for the period | 9904 | €26,875 | €60,634 | +€33,759 | +125.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,875 | €60,634 | +€33,759 | +125.6% |
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 12 October 2026 via checked.be.