WILLMACO: 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.
WILLMACO
Largest movements
- Current investments +€93,141
up €93,141 (+46.5%), from €200,481 to €293,622
- Cash -€35,176
down €35,176 (-32.4%), from €108,575 to €73,399
mainly Contributions, distributions and other (-€110,768) and Current investments (-€93,141)
- Other debts +€93,425
up €93,425 (+500.9%), from €18,652 to €112,077
- Reserves -€25,790
down €25,790 (-9.7%), from €265,838 to €240,048
- Tax, wage and social debts -€6,710
down €6,710 (-46.5%), from €14,444 to €7,734
- Gross operating margin -€10,588
down €10,588 (-8.4%), from €126,729 to €116,140
- Taxes -€3,636
down €3,636 (-9.6%), from €37,772 to €34,136
- Financial income -€2,117
down €2,117 (-30.4%), from €6,954 to €4,837
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 | €311,465 | €372,319 | +€60,854 | +19.5% |
| Fixed assets | 21/28 | €1,832 | €4,654 | +€2,821 | +154.0% |
| Tangible fixed assets | 22/27 | €1,831 | €4,653 | +€2,821 | +154.1% |
| Plant, machinery and equipment | 23 | €1,831 | €1,085 | -€746 | -40.7% |
| Furniture and vehicles | 24 | - | €3,567 | +€3,567 | |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €309,632 | €367,665 | +€58,033 | +18.7% |
| Current investments | 50/53 | €200,481 | €293,622 | +€93,141 | +46.5% |
| Cash at bank and in hand | 54/58 | €108,575 | €73,399 | -€35,176 | -32.4% |
| Deferred charges and accrued income | 490/1 | €576 | €644 | +€68 | +11.9% |
| Total equity and liabilities | 10/49 | €311,465 | €372,319 | +€60,854 | +19.5% |
| Equity | 10/15 | €278,238 | €252,448 | -€25,790 | -9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €265,838 | €240,048 | -€25,790 | -9.7% |
| Distributable reserves | 133 | €265,838 | €240,048 | -€25,790 | -9.7% |
| Amounts payable | 17/49 | €33,227 | €119,871 | +€86,644 | +260.8% |
| Amounts payable within one year | 42/48 | €33,227 | €119,871 | +€86,644 | +260.8% |
| Trade debts | 44 | €130 | €59 | -€71 | -54.6% |
| Suppliers | 440/4 | €130 | €59 | -€71 | -54.6% |
| Taxes, remuneration and social security | 45 | €14,444 | €7,734 | -€6,710 | -46.5% |
| Taxes | 450/3 | €14,444 | €7,734 | -€6,710 | -46.5% |
| Other amounts payable | 47/48 | €18,652 | €112,077 | +€93,425 | +500.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €971 | €908 | -€63 | -6.5% |
| Other operating charges | 640/8 | €266 | €862 | +€596 | +224.1% |
| Gross operating margin | 9900 | €126,729 | €116,140 | -€10,588 | -8.4% |
| Operating profit (loss) | 9901 | €125,492 | €114,370 | -€11,122 | -8.9% |
| Financial income | 75/76B | €6,954 | €4,837 | -€2,117 | -30.4% |
| Recurring financial income | 75 | €6,954 | €4,837 | -€2,117 | -30.4% |
| Financial charges | 65/66B | €114 | €93 | -€21 | -18.6% |
| Recurring financial charges | 65 | €114 | €93 | -€21 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €132,331 | €119,114 | -€13,217 | -10.0% |
| Income taxes | 67/77 | €37,772 | €34,136 | -€3,636 | -9.6% |
| Profit (loss) for the period | 9904 | €94,559 | €84,978 | -€9,581 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,559 | €84,978 | -€9,581 | -10.1% |
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.