WILLAX: 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.
WILLAX
Largest movements
- Cash +€158,963
up €158,963 (+36.8%), from €431,609 to €590,572
mainly Net result for the year (+€167,913) and Other debts (+€37,243)
- Current investments +€59,113
up €59,113 (+7.1%), from €833,360 to €892,473
- Reserves +€167,913
up €167,913 (+12.2%), from €1.4m to €1.5m
- Other debts +€37,243
new in 2025: €37,243
- Debts after one year -€20,565
down €20,565 (-49.1%), from €41,909 to €21,344
- Financial income +€19,091
up €19,091 (+365%), from €5,232 to €24,323
- Gross operating margin -€11,672
down €11,672 (-4.6%), from €256,085 to €244,413
- Taxes +€3,274
up €3,274 (+4.6%), from €70,642 to €73,916
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.
Derived cash bridge
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 | €1,708,920 | €1,898,000 | +€189,080 | +11.1% |
| Fixed assets | 21/28 | €288,569 | €284,059 | -€4,510 | -1.6% |
| Tangible fixed assets | 22/27 | €288,569 | €284,059 | -€4,510 | -1.6% |
| Land and buildings | 22 | €243,278 | €247,105 | +€3,827 | +1.6% |
| Furniture and vehicles | 24 | €33,925 | €28,615 | -€5,310 | -15.7% |
| Other tangible fixed assets | 26 | €11,365 | €8,338 | -€3,027 | -26.6% |
| Current assets | 29/58 | €1,420,351 | €1,613,941 | +€193,590 | +13.6% |
| Amounts receivable within one year | 40/41 | €56,894 | €42,710 | -€14,184 | -24.9% |
| Trade receivables | 40 | €38,282 | €42,710 | +€4,429 | +11.6% |
| Other amounts receivable | 41 | €18,612 | - | -€18,612 | |
| Current investments | 50/53 | €833,360 | €892,473 | +€59,113 | +7.1% |
| Cash at bank and in hand | 54/58 | €431,609 | €590,572 | +€158,963 | +36.8% |
| Deferred charges and accrued income | 490/1 | €98,489 | €88,186 | -€10,303 | -10.5% |
| Total equity and liabilities | 10/49 | €1,708,920 | €1,898,000 | +€189,080 | +11.1% |
| Equity | 10/15 | €1,617,103 | €1,785,017 | +€167,913 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,371,036 | €1,538,950 | +€167,913 | +12.2% |
| Distributable reserves | 133 | €1,371,036 | €1,538,950 | +€167,913 | +12.2% |
| Profit (loss) carried forward | 14 | €239,867 | €239,867 | = | 0.0% |
| Amounts payable | 17/49 | €91,817 | €112,983 | +€21,167 | +23.1% |
| Amounts payable after more than one year | 17 | €41,909 | €21,344 | -€20,565 | -49.1% |
| Financial debts | 170/4 | €41,909 | €21,344 | -€20,565 | -49.1% |
| Amounts payable within one year | 42/48 | €49,908 | €91,640 | +€41,732 | +83.6% |
| Current portion of amounts payable after more than one year | 42 | €19,815 | €20,565 | +€750 | +3.8% |
| Trade debts | 44 | €9,841 | €11,208 | +€1,367 | +13.9% |
| Suppliers | 440/4 | €9,841 | €11,208 | +€1,367 | +13.9% |
| Taxes, remuneration and social security | 45 | €20,251 | €22,624 | +€2,372 | +11.7% |
| Taxes | 450/3 | €20,251 | €22,624 | +€2,372 | +11.7% |
| Other amounts payable | 47/48 | - | €37,243 | +€37,243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,295 | €18,409 | -€886 | -4.6% |
| Other operating charges | 640/8 | €3,894 | €5,542 | +€1,647 | +42.3% |
| Gross operating margin | 9900 | €256,085 | €244,413 | -€11,672 | -4.6% |
| Operating profit (loss) | 9901 | €232,896 | €220,463 | -€12,433 | -5.3% |
| Financial income | 75/76B | €5,232 | €24,323 | +€19,091 | +365% |
| Recurring financial income | 75 | €5,232 | €24,323 | +€19,091 | +365% |
| Financial charges | 65/66B | €4,534 | €2,957 | -€1,577 | -34.8% |
| Recurring financial charges | 65 | €4,534 | €2,957 | -€1,577 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €233,595 | €241,829 | +€8,235 | +3.5% |
| Income taxes | 67/77 | €70,642 | €73,916 | +€3,274 | +4.6% |
| Profit (loss) for the period | 9904 | €162,953 | €167,913 | +€4,960 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €162,953 | €167,913 | +€4,960 | +3.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.