WILLEBO: 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.
WILLEBO
Largest movements
- Tangible fixed assets +€10,448
up €10,448 (+6.3%), from €166,622 to €177,070
of which Furniture and vehicles: +€19,132
- Cash -€2,533
down €2,533 (-14.2%), from €17,897 to €15,363
mainly Investment in fixed assets (net) (-€23,186) and Contributions, distributions and other (-€9,375)
- Other debts +€9,375
up €9,375 (+10.4%), from €90,000 to €99,375
- Gross operating margin +€12,591
up €12,591 (+63.8%), from €19,742 to €32,333
- Taxes +€1,985
up €1,985 (+523.7%), from €379 to €2,364
- Depreciation +€1,254
up €1,254 (+10.9%), from €11,484 to €12,738
- Other operating charges -€1,027
down €1,027 (-42.2%), from €2,433 to €1,406
- Financial charges -€899
down €899 (-12.4%), from €7,228 to €6,329
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 | €188,741 | €197,622 | +€8,882 | +4.7% |
| Fixed assets | 21/28 | €166,922 | €177,370 | +€10,448 | +6.3% |
| Tangible fixed assets | 22/27 | €166,622 | €177,070 | +€10,448 | +6.3% |
| Land and buildings | 22 | €164,296 | €155,612 | -€8,684 | -5.3% |
| Furniture and vehicles | 24 | €2,326 | €21,458 | +€19,132 | +822.7% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €21,819 | €20,252 | -€1,566 | -7.2% |
| Amounts receivable within one year | 40/41 | €3,387 | €4,331 | +€944 | +27.9% |
| Trade receivables | 40 | €95 | €190 | +€95 | +100.0% |
| Other amounts receivable | 41 | €3,292 | €4,141 | +€849 | +25.8% |
| Cash at bank and in hand | 54/58 | €17,897 | €15,363 | -€2,533 | -14.2% |
| Deferred charges and accrued income | 490/1 | €535 | €558 | +€23 | +4.3% |
| Total equity and liabilities | 10/49 | €188,741 | €197,622 | +€8,882 | +4.7% |
| Equity | 10/15 | €90,323 | €90,444 | +€121 | +0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €15,575 | €15,575 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €9,375 | €9,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,748 | €12,869 | +€121 | +0.9% |
| Amounts payable | 17/49 | €98,418 | €107,178 | +€8,761 | +8.9% |
| Amounts payable within one year | 42/48 | €98,038 | €106,798 | +€8,761 | +8.9% |
| Trade debts | 44 | €390 | €13 | -€377 | -96.7% |
| Suppliers | 440/4 | €390 | €13 | -€377 | -96.7% |
| Taxes, remuneration and social security | 45 | €7,648 | €7,410 | -€237 | -3.1% |
| Taxes | 450/3 | €7,648 | €7,410 | -€237 | -3.1% |
| Other amounts payable | 47/48 | €90,000 | €99,375 | +€9,375 | +10.4% |
| Accrued charges and deferred income | 492/3 | €380 | €380 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,484 | €12,738 | +€1,254 | +10.9% |
| Other operating charges | 640/8 | €2,433 | €1,406 | -€1,027 | -42.2% |
| Gross operating margin | 9900 | €19,742 | €32,333 | +€12,591 | +63.8% |
| Operating profit (loss) | 9901 | €5,825 | €18,189 | +€12,364 | +212.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | +66.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +66.7% |
| Financial charges | 65/66B | €7,228 | €6,329 | -€899 | -12.4% |
| Recurring financial charges | 65 | €7,228 | €6,329 | -€899 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,402 | €11,860 | +€13,262 | |
| Income taxes | 67/77 | €379 | €2,364 | +€1,985 | +523.7% |
| Profit (loss) for the period | 9904 | -€1,782 | €9,496 | +€11,277 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,782 | €9,496 | +€11,277 |
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 12 October 2026 via checked.be.