WILLOCQ: 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.
WILLOCQ
Largest movements
- Cash +€142,427
up €142,427 (+142.0%), from €100,321 to €242,749
mainly Depreciation (+€206,882) and Debts after one year (+€187,150)
- Tangible fixed assets +€141,717
up €141,717 (+20.2%), from €700,623 to €842,341
- Debts after one year +€187,150
up €187,150 (+25.8%), from €726,326 to €913,477
- Current portion of long-term debt +€53,033
up €53,033 (+42.2%), from €125,817 to €178,850
- Profit (loss) carried forward +€32,233
up €32,233 (+27.1%), from €118,797 to €151,030
- Financial income +€20,613
up €20,613 (+563.5%), from €3,658 to €24,271
- Depreciation -€18,474
down €18,474 (-8.2%), from €225,356 to €206,882
- Gross operating margin -€13,512
down €13,512 (-5.5%), from €245,796 to €232,284
- Financial charges +€4,249
up €4,249 (+33.0%), from €12,879 to €17,128
of which Financial charges: +€4,049
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 | €1,033,030 | €1,314,250 | +€281,220 | +27.2% |
| Fixed assets | 21/28 | €700,623 | €842,341 | +€141,717 | +20.2% |
| Tangible fixed assets | 22/27 | €700,623 | €842,341 | +€141,717 | +20.2% |
| Plant, machinery and equipment | 23 | €700,623 | €842,341 | +€141,717 | +20.2% |
| Current assets | 29/58 | €332,407 | €471,910 | +€139,503 | +42.0% |
| Amounts receivable within one year | 40/41 | €229,687 | €226,547 | -€3,141 | -1.4% |
| Trade receivables | 40 | €224,795 | €222,516 | -€2,279 | -1.0% |
| Other amounts receivable | 41 | €4,892 | €4,030 | -€862 | -17.6% |
| Cash at bank and in hand | 54/58 | €100,321 | €242,749 | +€142,427 | +142.0% |
| Deferred charges and accrued income | 490/1 | €2,398 | €2,614 | +€216 | +9.0% |
| Total equity and liabilities | 10/49 | €1,033,030 | €1,314,250 | +€281,220 | +27.2% |
| Equity | 10/15 | €173,813 | €213,589 | +€39,775 | +22.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €29,665 | €29,665 | = | 0.0% |
| Distributable reserves | 133 | €29,665 | €29,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,797 | €151,030 | +€32,233 | +27.1% |
| Investment grants | 15 | €351 | €7,893 | +€7,542 | +2149.3% |
| Amounts payable | 17/49 | €859,217 | €1,100,661 | +€241,445 | +28.1% |
| Amounts payable after more than one year | 17 | €726,326 | €913,477 | +€187,150 | +25.8% |
| Financial debts | 170/4 | €726,326 | €913,477 | +€187,150 | +25.8% |
| Amounts payable within one year | 42/48 | €132,891 | €187,185 | +€54,294 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €125,817 | €178,850 | +€53,033 | +42.2% |
| Trade debts | 44 | €6,584 | €7,846 | +€1,261 | +19.2% |
| Suppliers | 440/4 | €6,584 | €7,846 | +€1,261 | +19.2% |
| Other amounts payable | 47/48 | €489 | €489 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225,356 | €206,882 | -€18,474 | -8.2% |
| Other operating charges | 640/8 | €128 | €312 | +€184 | +144.4% |
| Gross operating margin | 9900 | €245,796 | €232,284 | -€13,512 | -5.5% |
| Operating profit (loss) | 9901 | €20,313 | €25,090 | +€4,778 | +23.5% |
| Financial income | 75/76B | €3,658 | €24,271 | +€20,613 | +563.5% |
| Recurring financial income | 75 | €3,658 | €24,271 | +€20,613 | +563.5% |
| Financial charges | 65/66B | €12,879 | €17,128 | +€4,249 | +33.0% |
| Recurring financial charges | 65 | €12,879 | €16,928 | +€4,049 | +31.4% |
| Non-recurring financial charges | 66B | - | €200 | +€200 | |
| Profit (loss) for the period before taxes | 9903 | €11,091 | €32,233 | +€21,141 | +190.6% |
| Profit (loss) for the period | 9904 | €11,091 | €32,233 | +€21,141 | +190.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,091 | €32,233 | +€21,141 | +190.6% |
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 2 October 2026 via checked.be.