Willaw: 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.
Willaw
Largest movements
- Cash +€216,538
up €216,538 (+135.8%), from €159,404 to €375,943
mainly Current investments (+€161,622) and Net result for the year (+€128,581)
- Current investments -€161,622
down €161,622 (-36.4%), from €443,693 to €282,070
- Receivables within one year -€19,955
down €19,955 (-36.9%), from €54,138 to €34,183
of which Trade receivables: -€22,606
- Tangible fixed assets -€10,272
down €10,272 (-23.2%), from €44,212 to €33,940
- Reserves +€42,201
up €42,201 (+6.4%), from €656,607 to €698,808
of which Distributable reserves: +€42,201
- Trade debts -€17,697
down €17,697 (-62.3%), from €28,427 to €10,730
- Gross operating margin -€13,904
down €13,904 (-7.5%), from €185,845 to €171,941
- Financial income +€7,898
up €7,898 (+52.1%), from €15,146 to €23,044
- Depreciation +€3,880
up €3,880 (+53.7%), from €7,226 to €11,106
- Taxes -€2,149
down €2,149 (-3.8%), from €56,250 to €54,100
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 | €703,932 | €729,147 | +€25,214 | +3.6% |
| Fixed assets | 21/28 | €44,450 | €33,985 | -€10,465 | -23.5% |
| Tangible fixed assets | 22/27 | €44,212 | €33,940 | -€10,272 | -23.2% |
| Furniture and vehicles | 24 | €44,212 | €33,940 | -€10,272 | -23.2% |
| Financial fixed assets | 28 | €239 | €45 | -€194 | -81.1% |
| Current assets | 29/58 | €659,482 | €695,162 | +€35,680 | +5.4% |
| Amounts receivable within one year | 40/41 | €54,138 | €34,183 | -€19,955 | -36.9% |
| Trade receivables | 40 | €48,984 | €26,378 | -€22,606 | -46.1% |
| Other amounts receivable | 41 | €5,154 | €7,805 | +€2,651 | +51.4% |
| Current investments | 50/53 | €443,693 | €282,070 | -€161,622 | -36.4% |
| Cash at bank and in hand | 54/58 | €159,404 | €375,943 | +€216,538 | +135.8% |
| Deferred charges and accrued income | 490/1 | €2,247 | €2,965 | +€719 | +32.0% |
| Total equity and liabilities | 10/49 | €703,932 | €729,147 | +€25,214 | +3.6% |
| Equity | 10/15 | €662,914 | €705,115 | +€42,201 | +6.4% |
| Contributions | 10/11 | €6,307 | €6,307 | = | 0.0% |
| Reserves | 13 | €656,607 | €698,808 | +€42,201 | +6.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €656,607 | €698,808 | +€42,201 | +6.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,019 | €24,032 | -€16,987 | -41.4% |
| Amounts payable within one year | 42/48 | €40,608 | €23,632 | -€16,976 | -41.8% |
| Trade debts | 44 | €28,427 | €10,730 | -€17,697 | -62.3% |
| Suppliers | 440/4 | €28,427 | €10,730 | -€17,697 | -62.3% |
| Taxes, remuneration and social security | 45 | €4,339 | €2,315 | -€2,023 | -46.6% |
| Taxes | 450/3 | €0 | €2,315 | +€2,315 | |
| Remuneration and social security | 454/9 | €4,339 | €0 | -€4,339 | -100.0% |
| Other amounts payable | 47/48 | €7,843 | €10,587 | +€2,744 | +35.0% |
| Accrued charges and deferred income | 492/3 | €410 | €400 | -€11 | -2.6% |
| Non-recurring operating income | 76A | €15,735 | €0 | -€15,735 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,226 | €11,106 | +€3,880 | +53.7% |
| Other operating charges | 640/8 | €1,408 | €745 | -€663 | -47.1% |
| Gross operating margin | 9900 | €185,845 | €171,941 | -€13,904 | -7.5% |
| Operating profit (loss) | 9901 | €177,211 | €160,090 | -€17,121 | -9.7% |
| Financial income | 75/76B | €15,146 | €23,044 | +€7,898 | +52.1% |
| Recurring financial income | 75 | €15,146 | €23,044 | +€7,898 | +52.1% |
| Financial charges | 65/66B | €1,061 | €453 | -€608 | -57.3% |
| Recurring financial charges | 65 | €1,061 | €453 | -€608 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €191,296 | €182,681 | -€8,615 | -4.5% |
| Income taxes | 67/77 | €56,250 | €54,100 | -€2,149 | -3.8% |
| Profit (loss) for the period | 9904 | €135,047 | €128,581 | -€6,466 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €135,047 | €128,581 | -€6,466 | -4.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.