Willcon: 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.
Willcon
Largest movements
- Cash +€19,569
up €19,569 (+125.4%), from €15,604 to €35,173
mainly Debts after one year (+€13,764) and Net result for the year (+€4,100)
- Tangible fixed assets +€2,987
up €2,987 (+53.9%), from €5,544 to €8,531
of which Other tangible fixed assets: +€4,611
- Deferred charges and accrued income -€2,840
down €2,840 (-65.1%), from €4,361 to €1,520
- Receivables within one year +€2,227
up €2,227 (+45.5%), from €4,889 to €7,116
of which Other amounts receivable: +€2,378
- Debts after one year +€13,764
new in 2025: €13,764
- Reserves +€4,100
up €4,100 (+145.1%), from €2,825 to €6,925
- Current portion of long-term debt +€3,791
new in 2025: €3,791
- Trade debts +€701
up €701 (+17.9%), from €3,918 to €4,619
- Gross operating margin +€2,895
up €2,895 (+27.3%), from €10,619 to €13,514
- Financial charges +€1,099
up €1,099 (+46.0%), from €2,391 to €3,490
- Depreciation +€537
up €537 (+24.9%), from €2,153 to €2,690
- Taxes +€247
up €247 (+10.8%), from €2,287 to €2,534
- Other operating charges -€142
down €142 (-12.9%), from €1,106 to €963
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 | €30,577 | €52,520 | +€21,943 | +71.8% |
| Fixed assets | 21/28 | €5,724 | €8,711 | +€2,987 | +52.2% |
| Tangible fixed assets | 22/27 | €5,544 | €8,531 | +€2,987 | +53.9% |
| Plant, machinery and equipment | 23 | €4,057 | €2,450 | -€1,607 | -39.6% |
| Furniture and vehicles | 24 | €1,488 | €1,470 | -€17 | -1.2% |
| Other tangible fixed assets | 26 | - | €4,611 | +€4,611 | |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €24,853 | €43,809 | +€18,956 | +76.3% |
| Amounts receivable within one year | 40/41 | €4,889 | €7,116 | +€2,227 | +45.5% |
| Trade receivables | 40 | €151 | €0 | -€151 | -100.0% |
| Other amounts receivable | 41 | €4,738 | €7,116 | +€2,378 | +50.2% |
| Cash at bank and in hand | 54/58 | €15,604 | €35,173 | +€19,569 | +125.4% |
| Deferred charges and accrued income | 490/1 | €4,361 | €1,520 | -€2,840 | -65.1% |
| Total equity and liabilities | 10/49 | €30,577 | €52,520 | +€21,943 | +71.8% |
| Equity | 10/15 | €21,425 | €25,525 | +€4,100 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,825 | €6,925 | +€4,100 | +145.1% |
| Distributable reserves | 133 | €2,825 | €6,925 | +€4,100 | +145.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,152 | €26,995 | +€17,843 | +195.0% |
| Amounts payable after more than one year | 17 | - | €13,764 | +€13,764 | |
| Financial debts | 170/4 | - | €13,764 | +€13,764 | |
| Amounts payable within one year | 42/48 | €9,152 | €13,230 | +€4,078 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | - | €3,791 | +€3,791 | |
| Trade debts | 44 | €3,918 | €4,619 | +€701 | +17.9% |
| Suppliers | 440/4 | €3,918 | €4,619 | +€701 | +17.9% |
| Taxes, remuneration and social security | 45 | €5,235 | €4,820 | -€414 | -7.9% |
| Taxes | 450/3 | €5,235 | €4,820 | -€414 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,153 | €2,690 | +€537 | +24.9% |
| Other operating charges | 640/8 | €1,106 | €963 | -€142 | -12.9% |
| Non-recurring operating charges | 66A | €151 | €0 | -€151 | -100.0% |
| Gross operating margin | 9900 | €10,619 | €13,514 | +€2,895 | +27.3% |
| Operating profit (loss) | 9901 | €7,209 | €9,861 | +€2,652 | +36.8% |
| Financial income | 75/76B | €294 | €263 | -€31 | -10.6% |
| Recurring financial income | 75 | €294 | €263 | -€31 | -10.6% |
| Financial charges | 65/66B | €2,391 | €3,490 | +€1,099 | +46.0% |
| Recurring financial charges | 65 | €2,391 | €3,490 | +€1,099 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €5,112 | €6,633 | +€1,521 | +29.8% |
| Income taxes | 67/77 | €2,287 | €2,534 | +€247 | +10.8% |
| Profit (loss) for the period | 9904 | €2,825 | €4,100 | +€1,275 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,825 | €4,100 | +€1,275 | +45.1% |
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 28 September 2026 via checked.be.