WILLKO: 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.
WILLKO
Largest movements
- Receivables within one year -€68,919
down €68,919 (-85.6%), from €80,535 to €11,616
of which Trade receivables: -€63,599
- Deferred charges and accrued income -€10,422
down €10,422 (-72.5%), from €14,368 to €3,946
- Tangible fixed assets -€5,795
down €5,795 (-55.8%), from €10,393 to €4,598
of which Plant, machinery and equipment: -€3,801
- Cash -€4,141
down €4,141 (-8.8%), from €46,900 to €42,759
mainly Net result for the year (-€75,404) and Trade debts (-€9,778)
- Stocks and contracts -€2,236
down €2,236 (-42.7%), from €5,238 to €3,002
- Profit (loss) carried forward -€75,404
down €75,404 (-165.3%), from -€45,607 to -€121,012
- Trade debts -€9,778
down €9,778 (-55.3%), from €17,696 to €7,918
- Tax, wage and social debts -€6,387
down €6,387 (-55.3%), from €11,544 to €5,158
of which Remuneration and social security: -€6,617
- Gross operating margin -€78,360
down €78,360 (-63.8%), from €122,828 to €44,468
- Staff costs -€38,403
down €38,403 (-33.7%), from €113,864 to €75,461
- Other operating charges +€38,133
up €38,133 (+7519.9%), from €507 to €38,640
- Taxes -€1,483
down €1,483 (-100.0%), from €1,483 to €0
- Depreciation -€1,237
down €1,237 (-25.7%), from €4,814 to €3,577
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 | €157,433 | €65,920 | -€91,513 | -58.1% |
| Fixed assets | 21/28 | €10,393 | €4,598 | -€5,795 | -55.8% |
| Tangible fixed assets | 22/27 | €10,393 | €4,598 | -€5,795 | -55.8% |
| Plant, machinery and equipment | 23 | €4,951 | €1,150 | -€3,801 | -76.8% |
| Furniture and vehicles | 24 | €5,442 | €3,448 | -€1,994 | -36.6% |
| Current assets | 29/58 | €147,041 | €61,322 | -€85,719 | -58.3% |
| Stocks and contracts in progress | 3 | €5,238 | €3,002 | -€2,236 | -42.7% |
| Stocks | 30/36 | €5,238 | €3,002 | -€2,236 | -42.7% |
| Amounts receivable within one year | 40/41 | €80,535 | €11,616 | -€68,919 | -85.6% |
| Trade receivables | 40 | €74,638 | €11,039 | -€63,599 | -85.2% |
| Other amounts receivable | 41 | €5,897 | €577 | -€5,320 | -90.2% |
| Cash at bank and in hand | 54/58 | €46,900 | €42,759 | -€4,141 | -8.8% |
| Deferred charges and accrued income | 490/1 | €14,368 | €3,946 | -€10,422 | -72.5% |
| Total equity and liabilities | 10/49 | €157,433 | €65,920 | -€91,513 | -58.1% |
| Equity | 10/15 | €127,176 | €51,772 | -€75,404 | -59.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €147,783 | €147,783 | = | 0.0% |
| Distributable reserves | 133 | €147,783 | €147,783 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,607 | -€121,012 | -€75,404 | -165.3% |
| Amounts payable | 17/49 | €30,257 | €14,148 | -€16,109 | -53.2% |
| Amounts payable within one year | 42/48 | €29,240 | €13,500 | -€15,741 | -53.8% |
| Trade debts | 44 | €17,696 | €7,918 | -€9,778 | -55.3% |
| Suppliers | 440/4 | €17,696 | €7,918 | -€9,778 | -55.3% |
| Taxes, remuneration and social security | 45 | €11,544 | €5,158 | -€6,387 | -55.3% |
| Taxes | 450/3 | €1,483 | €1,713 | +€230 | +15.5% |
| Remuneration and social security | 454/9 | €10,061 | €3,445 | -€6,617 | -65.8% |
| Other amounts payable | 47/48 | - | €424 | +€424 | |
| Accrued charges and deferred income | 492/3 | €1,017 | €649 | -€368 | -36.2% |
| Non-recurring operating income | 76A | €13,777 | €1,782 | -€11,994 | -87.1% |
| Remuneration, social security and pensions | 62 | €113,864 | €75,461 | -€38,403 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,814 | €3,577 | -€1,237 | -25.7% |
| Other operating charges | 640/8 | €507 | €38,640 | +€38,133 | +7519.9% |
| Gross operating margin | 9900 | €122,828 | €44,468 | -€78,360 | -63.8% |
| Operating profit (loss) | 9901 | €3,643 | -€73,211 | -€76,853 | |
| Financial income | 75/76B | €321 | €18 | -€303 | -94.4% |
| Recurring financial income | 75 | €321 | €18 | -€303 | -94.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,154 | €2,212 | +€58 | +2.7% |
| Recurring financial charges | 65 | €2,154 | €2,212 | +€58 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €1,809 | -€75,404 | -€77,214 | |
| Income taxes | 67/77 | €1,483 | €0 | -€1,483 | -100.0% |
| Profit (loss) for the period | 9904 | €326 | -€75,404 | -€75,731 | |
| Profit (loss) for the period to be appropriated | 9905 | €326 | -€75,404 | -€75,731 |
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 4 October 2026 via checked.be.