Willow: 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.
Willow
Largest movements
- Cash +€194,222
up €194,222 (+641.7%), from €30,266 to €224,488
mainly Net result for the year (+€168,801) and Debts after one year (+€60,000)
- Tangible fixed assets +€53,928
up €53,928 (+29.3%), from €184,001 to €237,929
of which Furniture and vehicles: +€61,217
- Profit (loss) carried forward +€168,801
up €168,801 (+37.7%), from €447,701 to €616,502
- Debts after one year +€60,000
up €60,000 (+170.0%), from €35,304 to €95,304
- Tax, wage and social debts +€13,500
new in 2025: €13,500
- Gross operating margin +€34,751
up €34,751 (+16.4%), from €212,006 to €246,757
- Depreciation +€8,673
up €8,673 (+111.9%), from €7,749 to €16,422
- Financial income +€5,536
up €5,536 (+163.5%), from €3,387 to €8,923
- Taxes +€2,699
up €2,699 (+4.4%), from €61,962 to €64,660
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 | €503,676 | €745,820 | +€242,144 | +48.1% |
| Fixed assets | 21/28 | €184,001 | €237,929 | +€53,928 | +29.3% |
| Tangible fixed assets | 22/27 | €184,001 | €237,929 | +€53,928 | +29.3% |
| Land and buildings | 22 | €183,256 | €175,967 | -€7,289 | -4.0% |
| Furniture and vehicles | 24 | €745 | €61,962 | +€61,217 | +8219.2% |
| Current assets | 29/58 | €319,675 | €507,891 | +€188,215 | +58.9% |
| Stocks and contracts in progress | 3 | €600 | - | -€600 | |
| Stocks | 30/36 | €600 | - | -€600 | |
| Amounts receivable within one year | 40/41 | €288,809 | €283,403 | -€5,406 | -1.9% |
| Trade receivables | 40 | €14,990 | €15,794 | +€804 | +5.4% |
| Other amounts receivable | 41 | €273,819 | €267,609 | -€6,210 | -2.3% |
| Cash at bank and in hand | 54/58 | €30,266 | €224,488 | +€194,222 | +641.7% |
| Total equity and liabilities | 10/49 | €503,676 | €745,820 | +€242,144 | +48.1% |
| Equity | 10/15 | €468,161 | €636,962 | +€168,801 | +36.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €447,701 | €616,502 | +€168,801 | +37.7% |
| Amounts payable | 17/49 | €35,515 | €108,858 | +€73,343 | +206.5% |
| Amounts payable after more than one year | 17 | €35,304 | €95,304 | +€60,000 | +170.0% |
| Financial debts | 170/4 | €35,304 | €95,304 | +€60,000 | +170.0% |
| Amounts payable within one year | 42/48 | €211 | €13,554 | +€13,343 | +6311.8% |
| Trade debts | 44 | €211 | €54 | -€157 | -74.5% |
| Suppliers | 440/4 | €211 | €54 | -€157 | -74.5% |
| Taxes, remuneration and social security | 45 | - | €13,500 | +€13,500 | |
| Taxes | 450/3 | - | €13,500 | +€13,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,749 | €16,422 | +€8,673 | +111.9% |
| Other operating charges | 640/8 | €2,719 | €4,312 | +€1,592 | +58.5% |
| Gross operating margin | 9900 | €212,006 | €246,757 | +€34,751 | +16.4% |
| Operating profit (loss) | 9901 | €201,537 | €226,023 | +€24,486 | +12.1% |
| Financial income | 75/76B | €3,387 | €8,923 | +€5,536 | +163.5% |
| Recurring financial income | 75 | €3,387 | €8,923 | +€5,536 | +163.5% |
| Financial charges | 65/66B | €563 | €1,484 | +€922 | +163.9% |
| Recurring financial charges | 65 | €563 | €1,484 | +€922 | +163.9% |
| Profit (loss) for the period before taxes | 9903 | €204,361 | €233,462 | +€29,100 | +14.2% |
| Income taxes | 67/77 | €61,962 | €64,660 | +€2,699 | +4.4% |
| Profit (loss) for the period | 9904 | €142,400 | €168,801 | +€26,401 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €142,400 | €168,801 | +€26,401 | +18.5% |
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 7 October 2026 via checked.be.