WILLCON: 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.
WILLCON
Largest movements
- Cash -€1.1m
down €1.1m (-76.2%), from €1.5m to €346,611
mainly Current investments (-€709,115) and Investment in fixed assets (net) (-€358,793)
- Current investments +€709,115
up €709,115 (+222%), from €319,500 to €1.0m
- Tangible fixed assets +€303,889
up €303,889 (+113%), from €269,560 to €573,449
of which Land and buildings: +€301,406
- Profit (loss) carried forward -€30,000
down €30,000 (-4.7%), from €643,827 to €613,827
- Current portion of long-term debt -€27,454
down €27,454 (-71.8%), from €38,238 to €10,784
- Reserves -€25,876
down €25,876 (-2.1%), from €1.2m to €1.2m
of which Tax-exempt reserves: -€84,200
- Financial income -€342,534
down €342,534 (-94.6%), from €362,125 to €19,592
of which Non-recurring financial income: -€349,784
- Gross operating margin +€68,525
up €68,525 (+19.7%), from €347,857 to €416,381
- Depreciation +€39,498
up €39,498 (+256%), from €15,407 to €54,905
- Taxes -€10,098
down €10,098 (-7.3%), from €138,328 to €128,230
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 | €2,098,898 | €2,002,582 | -€96,316 | -4.6% |
| Fixed assets | 21/28 | €282,260 | €586,149 | +€303,889 | +108% |
| Tangible fixed assets | 22/27 | €269,560 | €573,449 | +€303,889 | +113% |
| Land and buildings | 22 | €226,618 | €528,023 | +€301,406 | +133% |
| Plant, machinery and equipment | 23 | €6,308 | €6,875 | +€567 | +9.0% |
| Furniture and vehicles | 24 | €36,635 | €38,551 | +€1,916 | +5.2% |
| Financial fixed assets | 28 | €12,700 | €12,700 | = | 0.0% |
| Current assets | 29/58 | €1,816,637 | €1,416,433 | -€400,205 | -22.0% |
| Stocks and contracts in progress | 3 | €24,890 | €25,780 | +€890 | +3.6% |
| Stocks | 30/36 | €24,890 | €25,780 | +€890 | +3.6% |
| Amounts receivable within one year | 40/41 | €15,068 | €7,792 | -€7,276 | -48.3% |
| Trade receivables | 40 | €10,648 | €4,663 | -€5,985 | -56.2% |
| Other amounts receivable | 41 | €4,420 | €3,129 | -€1,291 | -29.2% |
| Current investments | 50/53 | €319,500 | €1,028,615 | +€709,115 | +222% |
| Cash at bank and in hand | 54/58 | €1,454,589 | €346,611 | -€1.1m | -76.2% |
| Deferred charges and accrued income | 490/1 | €2,590 | €7,634 | +€5,044 | +195% |
| Total equity and liabilities | 10/49 | €2,098,898 | €2,002,582 | -€96,316 | -4.6% |
| Equity | 10/15 | €1,861,284 | €1,805,409 | -€55,876 | -3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,211,257 | €1,185,381 | -€25,876 | -2.1% |
| Tax-exempt reserves | 132 | €212,410 | €128,210 | -€84,200 | -39.6% |
| Distributable reserves | 133 | €998,847 | €1,057,171 | +€58,324 | +5.8% |
| Profit (loss) carried forward | 14 | €643,827 | €613,827 | -€30,000 | -4.7% |
| Amounts payable | 17/49 | €237,613 | €197,173 | -€40,440 | -17.0% |
| Amounts payable after more than one year | 17 | €43,217 | €32,433 | -€10,784 | -25.0% |
| Financial debts | 170/4 | €43,217 | €32,433 | -€10,784 | -25.0% |
| Amounts payable within one year | 42/48 | €194,396 | €164,410 | -€29,986 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €38,238 | €10,784 | -€27,454 | -71.8% |
| Financial debts | 43 | €10,135 | €13,473 | +€3,338 | +32.9% |
| Credit institutions | 430/8 | €10,135 | €13,473 | +€3,338 | +32.9% |
| Trade debts | 44 | €4,897 | €7,472 | +€2,575 | +52.6% |
| Suppliers | 440/4 | €4,897 | €7,472 | +€2,575 | +52.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €72,966 | €53,067 | -€19,899 | -27.3% |
| Taxes | 450/3 | €72,966 | €53,067 | -€19,899 | -27.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €68,160 | €79,615 | +€11,455 | +16.8% |
| Accrued charges and deferred income | 492/3 | - | €330 | +€330 | |
| Non-recurring operating income | 76A | €12,500 | €0 | -€12,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,407 | €54,905 | +€39,498 | +256% |
| Other operating charges | 640/8 | €2,255 | €2,419 | +€164 | +7.3% |
| Gross operating margin | 9900 | €347,857 | €416,381 | +€68,525 | +19.7% |
| Operating profit (loss) | 9901 | €330,195 | €359,058 | +€28,863 | +8.7% |
| Financial income | 75/76B | €362,125 | €19,592 | -€342,534 | -94.6% |
| Recurring financial income | 75 | €12,341 | €19,592 | +€7,251 | +58.8% |
| Non-recurring financial income | 76B | €349,784 | €0 | -€349,784 | -100% |
| Financial charges | 65/66B | €1,309 | €4,538 | +€3,229 | +247% |
| Recurring financial charges | 65 | €1,309 | €4,538 | +€3,229 | +247% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €691,011 | €374,111 | -€316,900 | -45.9% |
| Income taxes | 67/77 | €138,328 | €128,230 | -€10,098 | -7.3% |
| Profit (loss) for the period | 9904 | €552,683 | €245,881 | -€306,801 | -55.5% |
| Transfer from tax-exempt reserves | 789 | €132,615 | €84,200 | -€48,415 | -36.5% |
| Transfer to tax-exempt reserves | 689 | €109,460 | €0 | -€109,460 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €575,838 | €330,081 | -€245,756 | -42.7% |
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 28 October 2026 via checked.be.