WILLIS CONSULT: 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.
WILLIS CONSULT
Largest movements
- Stocks and contracts +€642,318
new in 2025: €642,318
- Tangible fixed assets -€16,348
down €16,348 (-4.2%), from €388,781 to €372,432
- Cash +€10,438
up €10,438 (+2576.9%), from €405 to €10,843
mainly Short-term financial debts (+€295,000) and Debts after one year (+€161,076)
- Short-term financial debts +€295,000
new in 2025: €295,000
- Debts after one year +€161,076
up €161,076 (+1695.5%), from €9,500 to €170,576
- Other debts +€126,754
up €126,754 (+58.5%), from €216,803 to €343,557
- Profit (loss) carried forward +€25,581
up €25,581 (+35.2%), from -€72,668 to -€47,087
- Current portion of long-term debt +€22,548
new in 2025: €22,548
- Taxes -€7,644
no longer reported in 2025 (was €7,644)
- Gross operating margin +€6,607
up €6,607 (+14.4%), from €45,782 to €52,389
- Financial charges +€2,827
up €2,827 (+188.8%), from €1,498 to €4,324
of which Financial charges: +€2,957
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 | €391,770 | €1,030,699 | +€638,930 | +163.1% |
| Fixed assets | 21/28 | €388,781 | €372,432 | -€16,348 | -4.2% |
| Tangible fixed assets | 22/27 | €388,781 | €372,432 | -€16,348 | -4.2% |
| Land and buildings | 22 | €388,781 | €372,432 | -€16,348 | -4.2% |
| Current assets | 29/58 | €2,989 | €658,267 | +€655,278 | +21921.9% |
| Stocks and contracts in progress | 3 | - | €642,318 | +€642,318 | |
| Stocks | 30/36 | - | €642,318 | +€642,318 | |
| Amounts receivable within one year | 40/41 | €1,075 | €1,099 | +€24 | +2.3% |
| Trade receivables | 40 | €1,075 | €1 | -€1,074 | -99.9% |
| Other amounts receivable | 41 | - | €1,098 | +€1,098 | |
| Cash at bank and in hand | 54/58 | €405 | €10,843 | +€10,438 | +2576.9% |
| Deferred charges and accrued income | 490/1 | €1,509 | €4,007 | +€2,498 | +165.5% |
| Total equity and liabilities | 10/49 | €391,770 | €1,030,699 | +€638,930 | +163.1% |
| Equity | 10/15 | €163,883 | €189,465 | +€25,581 | +15.6% |
| Contributions | 10/11 | €8,350 | €8,350 | = | 0.0% |
| Revaluation surpluses | 12 | €192,986 | €189,137 | -€3,848 | -2.0% |
| Reserves | 13 | €35,215 | €39,064 | +€3,848 | +10.9% |
| 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 | €33,355 | €37,204 | +€3,848 | +11.5% |
| Profit (loss) carried forward | 14 | -€72,668 | -€47,087 | +€25,581 | +35.2% |
| Amounts payable | 17/49 | €227,886 | €841,235 | +€613,349 | +269.1% |
| Amounts payable after more than one year | 17 | €9,500 | €170,576 | +€161,076 | +1695.5% |
| Financial debts | 170/4 | €9,500 | €170,576 | +€161,076 | +1695.5% |
| Amounts payable within one year | 42/48 | €218,386 | €670,659 | +€452,272 | +207.1% |
| Current portion of amounts payable after more than one year | 42 | - | €22,548 | +€22,548 | |
| Financial debts | 43 | - | €295,000 | +€295,000 | |
| Credit institutions | 430/8 | - | €295,000 | +€295,000 | |
| Trade debts | 44 | €1,211 | €9,554 | +€8,343 | +689.2% |
| Suppliers | 440/4 | €1,211 | €9,554 | +€8,343 | +689.2% |
| Taxes, remuneration and social security | 45 | €373 | - | -€373 | |
| Taxes | 450/3 | €373 | - | -€373 | |
| Other amounts payable | 47/48 | €216,803 | €343,557 | +€126,754 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,348 | €16,348 | = | 0.0% |
| Other operating charges | 640/8 | €5,856 | €6,135 | +€279 | +4.8% |
| Gross operating margin | 9900 | €45,782 | €52,389 | +€6,607 | +14.4% |
| Operating profit (loss) | 9901 | €23,577 | €29,905 | +€6,328 | +26.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +50.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +50.0% |
| Financial charges | 65/66B | €1,498 | €4,324 | +€2,827 | +188.8% |
| Recurring financial charges | 65 | €1,368 | €4,324 | +€2,957 | +216.2% |
| Non-recurring financial charges | 66B | €130 | - | -€130 | |
| Profit (loss) for the period before taxes | 9903 | €22,080 | €25,581 | +€3,501 | +15.9% |
| Income taxes | 67/77 | €7,644 | - | -€7,644 | |
| Profit (loss) for the period | 9904 | €14,436 | €25,581 | +€11,146 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,436 | €25,581 | +€11,146 | +77.2% |
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.