WILLE: 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.
WILLE
Largest movements
- Current investments +€26,904
up €26,904 (+39.2%), from €68,619 to €95,523
- Tangible fixed assets -€26,163
down €26,163 (-18.7%), from €139,746 to €113,583
of which Land and buildings: -€18,617
- Deferred charges and accrued income -€14,365
down €14,365 (-73.5%), from €19,533 to €5,168
- Cash +€4,601
up €4,601 (+85.8%), from €5,365 to €9,966
mainly Depreciation (+€32,621) and Short-term financial debts (+€26,519)
- Debts after one year -€30,305
down €30,305 (-30.6%), from €98,946 to €68,641
- Short-term financial debts +€26,519
up €26,519 (+61.2%), from €43,306 to €69,825
- Trade debts -€20,626
down €20,626 (-28.6%), from €72,052 to €51,426
- Tax, wage and social debts +€11,038
up €11,038 (+29.5%), from €37,454 to €48,492
of which Remuneration and social security: +€10,355
- Staff costs +€14,167
up €14,167 (+6.0%), from €237,109 to €251,276
- Depreciation -€10,519
down €10,519 (-24.4%), from €43,140 to €32,621
- Financial income -€6,119
down €6,119 (-68.4%), from €8,952 to €2,833
- Gross operating margin -€4,926
down €4,926 (-1.5%), from €322,001 to €317,075
- Financial charges +€3,278
up €3,278 (+19.1%), from €17,184 to €20,462
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 | €353,878 | €345,507 | -€8,371 | -2.4% |
| Fixed assets | 21/28 | €140,081 | €113,918 | -€26,163 | -18.7% |
| Tangible fixed assets | 22/27 | €139,746 | €113,583 | -€26,163 | -18.7% |
| Land and buildings | 22 | €89,893 | €71,276 | -€18,617 | -20.7% |
| Plant, machinery and equipment | 23 | €32,163 | €31,776 | -€387 | -1.2% |
| Furniture and vehicles | 24 | €3,042 | €10,532 | +€7,490 | +246.2% |
| Leasing and similar rights | 25 | €14,648 | - | -€14,648 | |
| Financial fixed assets | 28 | €335 | €335 | = | 0.0% |
| Current assets | 29/58 | €213,797 | €231,589 | +€17,792 | +8.3% |
| Stocks and contracts in progress | 3 | €36,752 | €37,214 | +€462 | +1.3% |
| Stocks | 30/36 | €36,752 | €37,214 | +€462 | +1.3% |
| Amounts receivable within one year | 40/41 | €83,528 | €83,718 | +€190 | +0.2% |
| Trade receivables | 40 | €81,314 | €71,329 | -€9,985 | -12.3% |
| Other amounts receivable | 41 | €2,214 | €12,389 | +€10,175 | +459.6% |
| Current investments | 50/53 | €68,619 | €95,523 | +€26,904 | +39.2% |
| Cash at bank and in hand | 54/58 | €5,365 | €9,966 | +€4,601 | +85.8% |
| Deferred charges and accrued income | 490/1 | €19,533 | €5,168 | -€14,365 | -73.5% |
| Total equity and liabilities | 10/49 | €353,878 | €345,507 | -€8,371 | -2.4% |
| Equity | 10/15 | €59,000 | €60,500 | +€1,500 | +2.5% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €25,740 | €26,859 | +€1,119 | +4.3% |
| Non-distributable reserves | 130/1 | - | €1,859 | +€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Tax-exempt reserves | 132 | €6,881 | - | -€6,881 | |
| Distributable reserves | 133 | €18,859 | €25,000 | +€6,141 | +32.6% |
| Profit (loss) carried forward | 14 | €14,668 | €15,049 | +€381 | +2.6% |
| Amounts payable | 17/49 | €294,878 | €285,006 | -€9,872 | -3.3% |
| Amounts payable after more than one year | 17 | €98,946 | €68,641 | -€30,305 | -30.6% |
| Financial debts | 170/4 | €98,946 | €68,641 | -€30,305 | -30.6% |
| Amounts payable within one year | 42/48 | €195,368 | €214,866 | +€19,498 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €39,913 | €42,687 | +€2,774 | +7.0% |
| Financial debts | 43 | €43,306 | €69,825 | +€26,519 | +61.2% |
| Credit institutions | 430/8 | €43,306 | €69,825 | +€26,519 | +61.2% |
| Trade debts | 44 | €72,052 | €51,426 | -€20,626 | -28.6% |
| Suppliers | 440/4 | €72,052 | €51,426 | -€20,626 | -28.6% |
| Taxes, remuneration and social security | 45 | €37,454 | €48,492 | +€11,038 | +29.5% |
| Taxes | 450/3 | €17,996 | €18,679 | +€683 | +3.8% |
| Remuneration and social security | 454/9 | €19,458 | €29,813 | +€10,355 | +53.2% |
| Other amounts payable | 47/48 | €2,643 | €2,435 | -€208 | -7.9% |
| Accrued charges and deferred income | 492/3 | €564 | €1,500 | +€936 | +165.9% |
| Non-recurring operating income | 76A | €12,023 | €24,268 | +€12,245 | +101.8% |
| Remuneration, social security and pensions | 62 | €237,109 | €251,276 | +€14,167 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,140 | €32,621 | -€10,519 | -24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,322 | - | -€2,322 | |
| Other operating charges | 640/8 | €9,259 | €8,635 | -€624 | -6.7% |
| Non-recurring operating charges | 66A | €3,500 | €500 | -€3,000 | -85.7% |
| Gross operating margin | 9900 | €322,001 | €317,075 | -€4,926 | -1.5% |
| Operating profit (loss) | 9901 | €26,671 | €24,043 | -€2,628 | -9.9% |
| Financial income | 75/76B | €8,952 | €2,833 | -€6,119 | -68.4% |
| Recurring financial income | 75 | €8,952 | €2,833 | -€6,119 | -68.4% |
| Financial charges | 65/66B | €17,184 | €20,462 | +€3,278 | +19.1% |
| Recurring financial charges | 65 | €17,184 | €20,462 | +€3,278 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €18,439 | €6,415 | -€12,024 | -65.2% |
| Income taxes | 67/77 | €7,869 | €4,915 | -€2,954 | -37.5% |
| Profit (loss) for the period | 9904 | €10,570 | €1,500 | -€9,070 | -85.8% |
| Transfer from tax-exempt reserves | 789 | €6,882 | €6,881 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,452 | €8,381 | -€9,071 | -52.0% |
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 5 October 2026 via checked.be.