WILLOCX ENGINEERING: 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.
WILLOCX ENGINEERING
Largest movements
- Tangible fixed assets -€40,736
down €40,736 (-10.8%), from €377,346 to €336,610
- Cash +€24,583
up €24,583 (+36.3%), from €67,807 to €92,390
mainly Net result for the year (+€45,580) and Depreciation (+€40,736)
- Receivables within one year -€23,425
down €23,425 (-45.7%), from €51,224 to €27,799
of which Trade receivables: -€17,002
- Debts after one year -€48,228
down €48,228 (-9.3%), from €519,927 to €471,699
- Reserves +€45,580
up €45,580 (+22.9%), from €199,360 to €244,940
of which Distributable reserves: +€44,168
- Other debts -€24,635
down €24,635 (-99.2%), from €24,834 to €199
- Gross operating margin -€6,309
down €6,309 (-4.7%), from €133,079 to €126,770
- Financial charges +€5,080
up €5,080 (+58.1%), from €8,746 to €13,826
- Taxes -€4,412
down €4,412 (-16.6%), from €26,600 to €22,188
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.
Derived cash bridge
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 | €826,174 | €786,596 | -€39,578 | -4.8% |
| Fixed assets | 21/28 | €706,746 | €666,010 | -€40,736 | -5.8% |
| Tangible fixed assets | 22/27 | €377,346 | €336,610 | -€40,736 | -10.8% |
| Land and buildings | 22 | €313,066 | €299,011 | -€14,055 | -4.5% |
| Plant, machinery and equipment | 23 | €32,212 | €19,380 | -€12,832 | -39.8% |
| Furniture and vehicles | 24 | €32,068 | €18,219 | -€13,849 | -43.2% |
| Financial fixed assets | 28 | €329,400 | €329,400 | = | 0.0% |
| Current assets | 29/58 | €119,429 | €120,586 | +€1,157 | +1.0% |
| Amounts receivable within one year | 40/41 | €51,224 | €27,799 | -€23,425 | -45.7% |
| Trade receivables | 40 | €39,189 | €22,186 | -€17,002 | -43.4% |
| Other amounts receivable | 41 | €12,035 | €5,612 | -€6,423 | -53.4% |
| Current investments | 50/53 | €397 | €397 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,807 | €92,390 | +€24,583 | +36.3% |
| Total equity and liabilities | 10/49 | €826,174 | €786,596 | -€39,578 | -4.8% |
| Equity | 10/15 | €212,060 | €257,640 | +€45,580 | +21.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €199,360 | €244,940 | +€45,580 | +22.9% |
| Tax-exempt reserves | 132 | €179 | €1,591 | +€1,412 | +788% |
| Distributable reserves | 133 | €199,181 | €243,349 | +€44,168 | +22.2% |
| Profit (loss) carried forward | 14 | €300 | €300 | = | 0.0% |
| Amounts payable | 17/49 | €614,115 | €528,956 | -€85,158 | -13.9% |
| Amounts payable after more than one year | 17 | €519,927 | €471,699 | -€48,228 | -9.3% |
| Financial debts | 170/4 | €519,927 | €471,699 | -€48,228 | -9.3% |
| Amounts payable within one year | 42/48 | €92,750 | €56,682 | -€36,068 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €53,363 | €48,228 | -€5,135 | -9.6% |
| Trade debts | 44 | €7,389 | €2,214 | -€5,175 | -70.0% |
| Suppliers | 440/4 | €7,389 | €2,214 | -€5,175 | -70.0% |
| Taxes, remuneration and social security | 45 | €7,164 | €6,041 | -€1,122 | -15.7% |
| Taxes | 450/3 | €7,164 | €4,686 | -€2,477 | -34.6% |
| Remuneration and social security | 454/9 | - | €1,355 | +€1,355 | |
| Other amounts payable | 47/48 | €24,834 | €199 | -€24,635 | -99.2% |
| Accrued charges and deferred income | 492/3 | €1,437 | €575 | -€862 | -60.0% |
| Non-recurring operating income | 76A | €23,553 | - | -€23,553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,786 | €40,736 | +€950 | +2.4% |
| Other operating charges | 640/8 | €4,457 | €4,479 | +€22 | +0.5% |
| Non-recurring operating charges | 66A | €75 | - | -€75 | |
| Gross operating margin | 9900 | €133,079 | €126,770 | -€6,309 | -4.7% |
| Operating profit (loss) | 9901 | €88,762 | €81,556 | -€7,206 | -8.1% |
| Financial income | 75/76B | €1,241 | €38 | -€1,204 | -96.9% |
| Recurring financial income | 75 | €1,241 | €38 | -€1,204 | -96.9% |
| Financial charges | 65/66B | €8,746 | €13,826 | +€5,080 | +58.1% |
| Recurring financial charges | 65 | €8,746 | €13,826 | +€5,080 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | €81,257 | €67,768 | -€13,489 | -16.6% |
| Income taxes | 67/77 | €26,600 | €22,188 | -€4,412 | -16.6% |
| Profit (loss) for the period | 9904 | €54,657 | €45,580 | -€9,077 | -16.6% |
| Transfer to tax-exempt reserves | 689 | - | €1,412 | +€1,412 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,657 | €44,168 | -€10,489 | -19.2% |
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 14 October 2026 via checked.be.