Willo: 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.
Willo
Largest movements
- Receivables after one year -€110,000
no longer reported in 2025 (was €110,000)
- Cash -€55,093
down €55,093 (-53.3%), from €103,424 to €48,331
mainly Contributions, distributions and other (-€273,198) and Tax, wage and social debts (-€25,014)
- Receivables within one year -€15,520
down €15,520 (-47.9%), from €32,390 to €16,870
of which Trade receivables: -€14,090
- Tangible fixed assets -€4,666
down €4,666 (-12.7%), from €36,690 to €32,023
of which Other tangible fixed assets: -€3,990
- Reserves -€207,176
down €207,176 (-88.8%), from €233,198 to €26,022
- Other debts +€45,649
new in 2025: €45,649
- Tax, wage and social debts -€25,014
down €25,014 (-49.5%), from €50,491 to €25,477
- Taxes +€1,422
up €1,422 (+7.7%), from €18,360 to €19,782
- Gross operating margin +€1,216
up €1,216 (+1.4%), from €88,496 to €89,711
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 | €284,029 | €98,712 | -€185,317 | -65.2% |
| Fixed assets | 21/28 | €36,690 | €32,023 | -€4,666 | -12.7% |
| Tangible fixed assets | 22/27 | €36,690 | €32,023 | -€4,666 | -12.7% |
| Plant, machinery and equipment | 23 | €1,855 | €1,178 | -€676 | -36.5% |
| Other tangible fixed assets | 26 | €34,835 | €30,845 | -€3,990 | -11.5% |
| Current assets | 29/58 | €247,339 | €66,689 | -€180,651 | -73.0% |
| Amounts receivable after more than one year | 29 | €110,000 | - | -€110,000 | |
| Other amounts receivable | 291 | €110,000 | - | -€110,000 | |
| Amounts receivable within one year | 40/41 | €32,390 | €16,870 | -€15,520 | -47.9% |
| Trade receivables | 40 | €30,960 | €16,870 | -€14,090 | -45.5% |
| Other amounts receivable | 41 | €1,430 | - | -€1,430 | |
| Cash at bank and in hand | 54/58 | €103,424 | €48,331 | -€55,093 | -53.3% |
| Deferred charges and accrued income | 490/1 | €1,525 | €1,487 | -€37 | -2.5% |
| Total equity and liabilities | 10/49 | €284,029 | €98,712 | -€185,317 | -65.2% |
| Equity | 10/15 | €233,298 | €26,122 | -€207,176 | -88.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €233,198 | €26,022 | -€207,176 | -88.8% |
| Distributable reserves | 133 | €233,198 | €26,022 | -€207,176 | -88.8% |
| Amounts payable | 17/49 | €50,731 | €72,590 | +€21,859 | +43.1% |
| Amounts payable within one year | 42/48 | €50,731 | €72,590 | +€21,859 | +43.1% |
| Trade debts | 44 | €240 | €1,464 | +€1,224 | +509.4% |
| Suppliers | 440/4 | €240 | €1,464 | +€1,224 | +509.4% |
| Taxes, remuneration and social security | 45 | €50,491 | €25,477 | -€25,014 | -49.5% |
| Taxes | 450/3 | €50,491 | €25,477 | -€25,014 | -49.5% |
| Other amounts payable | 47/48 | - | €45,649 | +€45,649 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,425 | €4,666 | +€241 | +5.5% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €88,496 | €89,711 | +€1,216 | +1.4% |
| Operating profit (loss) | 9901 | €84,071 | €84,646 | +€575 | +0.7% |
| Financial income | 75/76B | €1,723 | €1,273 | -€450 | -26.1% |
| Recurring financial income | 75 | €1,723 | €1,273 | -€450 | -26.1% |
| Financial charges | 65/66B | €125 | €115 | -€10 | -8.2% |
| Recurring financial charges | 65 | €125 | €115 | -€10 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €85,669 | €85,804 | +€135 | +0.2% |
| Income taxes | 67/77 | €18,360 | €19,782 | +€1,422 | +7.7% |
| Profit (loss) for the period | 9904 | €67,309 | €66,022 | -€1,287 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,309 | €66,022 | -€1,287 | -1.9% |
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 29 September 2026 via checked.be.