WILLCO: 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.
WILLCO
Largest movements
- Financial fixed assets +€615,000
new in 2025: €615,000
- Current investments -€600,000
down €600,000 (-100%), from €600,000 to €0
- Receivables within one year -€42,268
down €42,268 (-37.4%), from €112,931 to €70,663
of which Other amounts receivable: -€62,767
- Cash -€40,745
down €40,745 (-25.4%), from €160,496 to €119,751
mainly Investment in fixed assets (net) (-€620,709) and Accrued charges and deferred income (-€251,931)
- Tangible fixed assets -€30,782
down €30,782 (-25.0%), from €122,998 to €92,216
of which Furniture and vehicles: -€33,322
- Accrued charges and deferred income -€251,931
down €251,931 (-99.3%), from €253,692 to €1,761
- Reserves +€188,318
up €188,318 (+27.0%), from €697,322 to €885,640
- Trade debts -€19,095
down €19,095 (-77.4%), from €24,659 to €5,564
- Tax, wage and social debts -€15,913
down €15,913 (-85.5%), from €18,622 to €2,708
- Gross operating margin -€218,602
down €218,602 (-41.7%), from €523,779 to €305,177
- Taxes -€62,554
down €62,554 (-40.7%), from €153,622 to €91,068
- Financial income +€9,913
up €9,913 (+470%), from €2,110 to €12,023
- Depreciation +€5,372
up €5,372 (+17.3%), from €31,119 to €36,492
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 | €996,425 | €897,674 | -€98,752 | -9.9% |
| Fixed assets | 21/28 | €122,998 | €707,216 | +€584,218 | +475% |
| Tangible fixed assets | 22/27 | €122,998 | €92,216 | -€30,782 | -25.0% |
| Plant, machinery and equipment | 23 | - | €2,540 | +€2,540 | |
| Furniture and vehicles | 24 | €122,998 | €89,676 | -€33,322 | -27.1% |
| Financial fixed assets | 28 | - | €615,000 | +€615,000 | |
| Current assets | 29/58 | €873,427 | €190,458 | -€682,969 | -78.2% |
| Amounts receivable within one year | 40/41 | €112,931 | €70,663 | -€42,268 | -37.4% |
| Trade receivables | 40 | €14,882 | €35,381 | +€20,499 | +138% |
| Other amounts receivable | 41 | €98,049 | €35,282 | -€62,767 | -64.0% |
| Current investments | 50/53 | €600,000 | €0 | -€600,000 | -100% |
| Cash at bank and in hand | 54/58 | €160,496 | €119,751 | -€40,745 | -25.4% |
| Deferred charges and accrued income | 490/1 | - | €43 | +€43 | |
| Total equity and liabilities | 10/49 | €996,425 | €897,674 | -€98,752 | -9.9% |
| Equity | 10/15 | €699,322 | €887,640 | +€188,318 | +26.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €697,322 | €885,640 | +€188,318 | +27.0% |
| Distributable reserves | 133 | €697,322 | €885,640 | +€188,318 | +27.0% |
| Amounts payable | 17/49 | €297,103 | €10,033 | -€287,070 | -96.6% |
| Amounts payable within one year | 42/48 | €43,411 | €8,272 | -€35,139 | -80.9% |
| Trade debts | 44 | €24,659 | €5,564 | -€19,095 | -77.4% |
| Suppliers | 440/4 | €24,659 | €5,564 | -€19,095 | -77.4% |
| Taxes, remuneration and social security | 45 | €18,622 | €2,708 | -€15,913 | -85.5% |
| Taxes | 450/3 | €18,622 | €2,708 | -€15,913 | -85.5% |
| Other amounts payable | 47/48 | €131 | €0 | -€131 | -100% |
| Accrued charges and deferred income | 492/3 | €253,692 | €1,761 | -€251,931 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,119 | €36,492 | +€5,372 | +17.3% |
| Other operating charges | 640/8 | €1,188 | €1,208 | +€20 | +1.7% |
| Gross operating margin | 9900 | €523,779 | €305,177 | -€218,602 | -41.7% |
| Operating profit (loss) | 9901 | €491,472 | €267,477 | -€223,995 | -45.6% |
| Financial income | 75/76B | €2,110 | €12,023 | +€9,913 | +470% |
| Recurring financial income | 75 | €2,110 | €12,023 | +€9,913 | +470% |
| Financial charges | 65/66B | €319 | €114 | -€205 | -64.3% |
| Recurring financial charges | 65 | €319 | €114 | -€205 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | €493,263 | €279,386 | -€213,877 | -43.4% |
| Income taxes | 67/77 | €153,622 | €91,068 | -€62,554 | -40.7% |
| Profit (loss) for the period | 9904 | €339,641 | €188,318 | -€151,323 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €339,641 | €188,318 | -€151,323 | -44.6% |
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 13 October 2026 via checked.be.