WILLOU: 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.
WILLOU
Largest movements
- Stocks and contracts +€42,910
up €42,910 (+160.9%), from €26,677 to €69,587
- Receivables within one year +€32,525
up €32,525 (+301.2%), from €10,800 to €43,326
of which Trade receivables: +€32,525
- Tangible fixed assets -€3,212
down €3,212 (-22.6%), from €14,198 to €10,985
of which Plant, machinery and equipment: -€1,877
- Profit (loss) carried forward +€145,021
up €145,021 (+68.2%), from -€212,544 to -€67,523
- Other debts -€37,396
down €37,396 (-34.7%), from €107,751 to €70,355
- Debts after one year -€27,650
no longer reported in 2024 (was €27,650)
- Trade debts -€22,963
down €22,963 (-60.4%), from €38,038 to €15,075
- Short-term financial debts +€12,730
up €12,730 (+155.9%), from €8,163 to €20,893
- Gross operating margin +€127,360
up €127,360 (+153.2%), from €83,111 to €210,471
- Staff costs +€13,799
up €13,799 (+36.6%), from €37,723 to €51,522
- Other operating charges +€3,574
up €3,574 (+813.9%), from €439 to €4,013
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,547 | €128,228 | +€72,681 | +130.8% |
| Formation expenses | 20 | €406 | - | -€406 | |
| Fixed assets | 21/28 | €14,198 | €10,985 | -€3,212 | -22.6% |
| Tangible fixed assets | 22/27 | €14,198 | €10,985 | -€3,212 | -22.6% |
| Plant, machinery and equipment | 23 | €8,199 | €6,322 | -€1,877 | -22.9% |
| Furniture and vehicles | 24 | €2,541 | €1,977 | -€563 | -22.2% |
| Other tangible fixed assets | 26 | €3,458 | €2,686 | -€772 | -22.3% |
| Current assets | 29/58 | €40,943 | €117,243 | +€76,300 | +186.4% |
| Stocks and contracts in progress | 3 | €26,677 | €69,587 | +€42,910 | +160.9% |
| Stocks | 30/36 | €26,677 | €69,587 | +€42,910 | +160.9% |
| Amounts receivable within one year | 40/41 | €10,800 | €43,326 | +€32,525 | +301.2% |
| Trade receivables | 40 | €10,800 | €43,326 | +€32,525 | +301.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,421 | €4,283 | +€862 | +25.2% |
| Deferred charges and accrued income | 490/1 | €45 | €48 | +€2 | +5.2% |
| Total equity and liabilities | 10/49 | €55,547 | €128,228 | +€72,681 | +130.8% |
| Equity | 10/15 | -€192,092 | -€47,071 | +€145,021 | +75.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€212,544 | -€67,523 | +€145,021 | +68.2% |
| Amounts payable | 17/49 | €247,639 | €175,299 | -€72,340 | -29.2% |
| Amounts payable after more than one year | 17 | €27,650 | - | -€27,650 | |
| Financial debts | 170/4 | €27,650 | - | -€27,650 | |
| Amounts payable within one year | 42/48 | €219,989 | €171,381 | -€48,608 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €35,995 | €27,650 | -€8,345 | -23.2% |
| Financial debts | 43 | €8,163 | €20,893 | +€12,730 | +155.9% |
| Credit institutions | 430/8 | €8,163 | €20,893 | +€12,730 | +155.9% |
| Trade debts | 44 | €38,038 | €15,075 | -€22,963 | -60.4% |
| Suppliers | 440/4 | €38,038 | €15,075 | -€22,963 | -60.4% |
| Taxes, remuneration and social security | 45 | €30,042 | €37,408 | +€7,366 | +24.5% |
| Taxes | 450/3 | €21,353 | €22,949 | +€1,596 | +7.5% |
| Remuneration and social security | 454/9 | €8,689 | €14,459 | +€5,770 | +66.4% |
| Other amounts payable | 47/48 | €107,751 | €70,355 | -€37,396 | -34.7% |
| Accrued charges and deferred income | 492/3 | €0 | €3,918 | +€3,918 | |
| Remuneration, social security and pensions | 62 | €37,723 | €51,522 | +€13,799 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,126 | €3,619 | +€1,493 | +70.2% |
| Other operating charges | 640/8 | €439 | €4,013 | +€3,574 | +813.9% |
| Gross operating margin | 9900 | €83,111 | €210,471 | +€127,360 | +153.2% |
| Operating profit (loss) | 9901 | €42,822 | €151,316 | +€108,494 | +253.4% |
| Financial income | 75/76B | €138 | €129 | -€9 | -6.6% |
| Recurring financial income | 75 | €138 | €129 | -€9 | -6.6% |
| Financial charges | 65/66B | €7,242 | €5,861 | -€1,381 | -19.1% |
| Recurring financial charges | 65 | €7,242 | €5,861 | -€1,381 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €35,718 | €145,585 | +€109,866 | +307.6% |
| Income taxes | 67/77 | €172 | €564 | +€391 | +226.9% |
| Profit (loss) for the period | 9904 | €35,546 | €145,021 | +€109,475 | +308.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,546 | €145,021 | +€109,475 | +308.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.