Willermaco: 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.
Willermaco
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Receivables within one year +€36,864
up €36,864 (+77.6%), from €47,500 to €84,364
- Cash -€33,695
down €33,695 (-32.0%), from €105,444 to €71,749
mainly Current investments (-€250,000) and Receivables within one year (-€36,864)
- Reserves +€191,823
up €191,823 (+156.4%), from €122,645 to €314,468
- Tax, wage and social debts +€68,799
up €68,799 (+141.9%), from €48,481 to €117,280
- Gross operating margin +€96,907
up €96,907 (+60.5%), from €160,053 to €256,960
- Taxes +€24,613
up €24,613 (+66.7%), from €36,924 to €61,537
- Depreciation +€2,998
up €2,998 (+991.9%), from €302 to €3,300
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 | €180,662 | €438,106 | +€257,444 | +142.5% |
| Fixed assets | 21/28 | €27,718 | €31,236 | +€3,518 | +12.7% |
| Tangible fixed assets | 22/27 | €27,718 | €31,236 | +€3,518 | +12.7% |
| Plant, machinery and equipment | 23 | - | €1,664 | +€1,664 | |
| Furniture and vehicles | 24 | - | €972 | +€972 | |
| Other tangible fixed assets | 26 | €27,718 | €28,601 | +€883 | +3.2% |
| Current assets | 29/58 | €152,944 | €406,870 | +€253,926 | +166.0% |
| Amounts receivable within one year | 40/41 | €47,500 | €84,364 | +€36,864 | +77.6% |
| Trade receivables | 40 | €47,500 | €84,364 | +€36,864 | +77.6% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €105,444 | €71,749 | -€33,695 | -32.0% |
| Deferred charges and accrued income | 490/1 | - | €757 | +€757 | |
| Total equity and liabilities | 10/49 | €180,662 | €438,106 | +€257,444 | +142.5% |
| Equity | 10/15 | €125,645 | €317,468 | +€191,823 | +152.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €122,645 | €314,468 | +€191,823 | +156.4% |
| Distributable reserves | 133 | €122,645 | €314,468 | +€191,823 | +156.4% |
| Amounts payable | 17/49 | €55,017 | €120,638 | +€65,621 | +119.3% |
| Amounts payable within one year | 42/48 | €55,017 | €120,638 | +€65,621 | +119.3% |
| Trade debts | 44 | €6,528 | €2,548 | -€3,981 | -61.0% |
| Suppliers | 440/4 | €6,528 | €2,548 | -€3,981 | -61.0% |
| Taxes, remuneration and social security | 45 | €48,481 | €117,280 | +€68,799 | +141.9% |
| Taxes | 450/3 | €48,481 | €117,280 | +€68,799 | +141.9% |
| Other amounts payable | 47/48 | €8 | €811 | +€803 | +10291.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302 | €3,300 | +€2,998 | +991.9% |
| Other operating charges | 640/8 | - | €46 | +€46 | |
| Gross operating margin | 9900 | €160,053 | €256,960 | +€96,907 | +60.5% |
| Operating profit (loss) | 9901 | €159,751 | €253,614 | +€93,863 | +58.8% |
| Financial income | 75/76B | - | €1,314 | +€1,314 | |
| Recurring financial income | 75 | - | €1,314 | +€1,314 | |
| Financial charges | 65/66B | €182 | €1,569 | +€1,387 | +763.3% |
| Recurring financial charges | 65 | €182 | €1,569 | +€1,387 | +763.3% |
| Profit (loss) for the period before taxes | 9903 | €159,569 | €253,359 | +€93,790 | +58.8% |
| Income taxes | 67/77 | €36,924 | €61,537 | +€24,613 | +66.7% |
| Profit (loss) for the period | 9904 | €122,645 | €191,823 | +€69,178 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €122,645 | €191,823 | +€69,178 | +56.4% |
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.