WILLIES: 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.
WILLIES
Largest movements
- Cash -€30,833
down €30,833 (-80.5%), from €38,286 to €7,452
mainly Net result for the year (-€16,696) and Investment in fixed assets (net) (-€15,518)
- Tangible fixed assets +€9,753
up €9,753 (+404%), from €2,414 to €12,167
of which Other tangible fixed assets: +€6,508
- Financial fixed assets +€4,500
new in 2025: €4,500
- Deferred charges and accrued income -€1,783
down €1,783 (-61.8%), from €2,883 to €1,100
- Stocks and contracts +€823
up €823 (+16.6%), from €4,959 to €5,783
- Profit (loss) carried forward -€16,696
new in 2025: -€16,696
- Reserves -€10,518
down €10,518 (-56.2%), from €18,729 to €8,211
of which Distributable reserves: -€10,518
- Trade debts +€10,246
up €10,246 (+41.5%), from €24,677 to €34,923
- Tax, wage and social debts -€2,114
down €2,114 (-25.5%), from €8,287 to €6,173
of which Taxes: -€4,109
- Other debts +€1,214
new in 2025: €1,214
- Purchases and services +€36,558
up €36,558 (+14.9%), from €245,231 to €281,789
- Staff costs +€17,181
up €17,181 (+31.7%), from €54,127 to €71,307
- Gross operating margin -€4,226
down €4,226 (-6.5%), from €65,059 to €60,834
- Taxes -€3,662
no longer reported in 2025 (was €3,662)
- Financial charges +€2,839
up €2,839 (+317%), from €895 to €3,733
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 | €70,293 | €52,425 | -€17,868 | -25.4% |
| Fixed assets | 21/28 | €2,414 | €16,667 | +€14,253 | +590% |
| Tangible fixed assets | 22/27 | €2,414 | €12,167 | +€9,753 | +404% |
| Plant, machinery and equipment | 23 | €1,279 | €5,050 | +€3,771 | +295% |
| Furniture and vehicles | 24 | €1,135 | €610 | -€525 | -46.2% |
| Other tangible fixed assets | 26 | - | €6,508 | +€6,508 | |
| Financial fixed assets | 28 | - | €4,500 | +€4,500 | |
| Current assets | 29/58 | €67,878 | €35,757 | -€32,121 | -47.3% |
| Stocks and contracts in progress | 3 | €4,959 | €5,783 | +€823 | +16.6% |
| Stocks | 30/36 | €4,959 | €5,783 | +€823 | +16.6% |
| Amounts receivable within one year | 40/41 | €21,751 | €21,423 | -€328 | -1.5% |
| Trade receivables | 40 | €17,434 | €19,517 | +€2,084 | +12.0% |
| Other amounts receivable | 41 | €4,317 | €1,905 | -€2,412 | -55.9% |
| Cash at bank and in hand | 54/58 | €38,286 | €7,452 | -€30,833 | -80.5% |
| Deferred charges and accrued income | 490/1 | €2,883 | €1,100 | -€1,783 | -61.8% |
| Total equity and liabilities | 10/49 | €70,293 | €52,425 | -€17,868 | -25.4% |
| Equity | 10/15 | €37,329 | €10,115 | -€27,214 | -72.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,729 | €8,211 | -€10,518 | -56.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,869 | €6,351 | -€10,518 | -62.4% |
| Profit (loss) carried forward | 14 | - | -€16,696 | -€16,696 | |
| Amounts payable | 17/49 | €32,964 | €42,310 | +€9,346 | +28.4% |
| Amounts payable within one year | 42/48 | €32,964 | €42,310 | +€9,346 | +28.4% |
| Trade debts | 44 | €24,677 | €34,923 | +€10,246 | +41.5% |
| Suppliers | 440/4 | €24,677 | €34,923 | +€10,246 | +41.5% |
| Taxes, remuneration and social security | 45 | €8,287 | €6,173 | -€2,114 | -25.5% |
| Taxes | 450/3 | €5,199 | €1,089 | -€4,109 | -79.1% |
| Remuneration and social security | 454/9 | €3,088 | €5,084 | +€1,995 | +64.6% |
| Other amounts payable | 47/48 | - | €1,214 | +€1,214 | |
| Goods, raw materials, services and sundry goods | 60/61 | €245,231 | €281,789 | +€36,558 | +14.9% |
| Remuneration, social security and pensions | 62 | €54,127 | €71,307 | +€17,181 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €837 | €1,265 | +€428 | +51.1% |
| Other operating charges | 640/8 | €1,979 | €1,610 | -€368 | -18.6% |
| Gross operating margin | 9900 | €65,059 | €60,834 | -€4,226 | -6.5% |
| Operating profit (loss) | 9901 | €8,117 | -€13,349 | -€21,465 | |
| Financial income | 75/76B | €0 | €386 | +€386 | +241,163% |
| Recurring financial income | 75 | €0 | €386 | +€386 | +241,163% |
| Financial charges | 65/66B | €895 | €3,733 | +€2,839 | +317% |
| Recurring financial charges | 65 | €895 | €3,733 | +€2,839 | +317% |
| Profit (loss) for the period before taxes | 9903 | €7,222 | -€16,696 | -€23,918 | |
| Income taxes | 67/77 | €3,662 | - | -€3,662 | |
| Profit (loss) for the period | 9904 | €3,559 | -€16,696 | -€20,256 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,559 | -€16,696 | -€20,256 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.