WILLOW ESTATE: 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.
WILLOW ESTATE
Largest movements
- Tangible fixed assets +€239,646
up €239,646 (+13.5%), from €1.8m to €2.0m
of which Land and buildings: +€236,832
- Receivables within one year +€97,788
up €97,788 (+44.7%), from €218,813 to €316,601
of which Other amounts receivable: +€71,187
- Debts after one year +€324,007
new in 2025: €324,007
- Gross operating margin +€47,977
up €47,977 (+21.0%), from €228,079 to €276,057
- Other operating charges +€25,942
up €25,942 (+2,712%), from €957 to €26,898
- Financial charges +€5,795
up €5,795 (+25,756%), from €23 to €5,818
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 | €2,001,496 | €2,331,761 | +€330,265 | +16.5% |
| Fixed assets | 21/28 | €1,774,324 | €2,013,970 | +€239,646 | +13.5% |
| Tangible fixed assets | 22/27 | €1,774,324 | €2,013,970 | +€239,646 | +13.5% |
| Land and buildings | 22 | €1,774,324 | €2,011,156 | +€236,832 | +13.3% |
| Furniture and vehicles | 24 | - | €2,814 | +€2,814 | |
| Current assets | 29/58 | €227,173 | €317,791 | +€90,618 | +39.9% |
| Amounts receivable within one year | 40/41 | €218,813 | €316,601 | +€97,788 | +44.7% |
| Trade receivables | 40 | - | €26,601 | +€26,601 | |
| Other amounts receivable | 41 | €218,813 | €290,000 | +€71,187 | +32.5% |
| Cash at bank and in hand | 54/58 | €8,360 | €967 | -€7,393 | -88.4% |
| Deferred charges and accrued income | 490/1 | - | €223 | +€223 | |
| Total equity and liabilities | 10/49 | €2,001,496 | €2,331,761 | +€330,265 | +16.5% |
| Equity | 10/15 | €2,001,424 | €1,984,539 | -€16,885 | -0.8% |
| Contributions | 10/11 | €144,760 | €144,760 | = | 0.0% |
| Reserves | 13 | €1,856,664 | €1,839,779 | -€16,885 | -0.9% |
| Tax-exempt reserves | 132 | €23,958 | €23,958 | = | 0.0% |
| Distributable reserves | 133 | €1,832,706 | €1,815,821 | -€16,885 | -0.9% |
| Amounts payable | 17/49 | €73 | €347,222 | +€347,150 | +478,168% |
| Amounts payable after more than one year | 17 | - | €324,007 | +€324,007 | |
| Financial debts | 170/4 | - | €324,007 | +€324,007 | |
| Amounts payable within one year | 42/48 | €73 | €23,216 | +€23,143 | +31,877% |
| Current portion of amounts payable after more than one year | 42 | - | €18,498 | +€18,498 | |
| Trade debts | 44 | €73 | €2,718 | +€2,645 | +3,643% |
| Suppliers | 440/4 | €73 | €2,718 | +€2,645 | +3,643% |
| Other amounts payable | 47/48 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,351 | €260,226 | -€2,125 | -0.8% |
| Other operating charges | 640/8 | €957 | €26,898 | +€25,942 | +2,712% |
| Gross operating margin | 9900 | €228,079 | €276,057 | +€47,977 | +21.0% |
| Operating profit (loss) | 9901 | -€35,228 | -€11,067 | +€24,161 | +68.6% |
| Financial charges | 65/66B | €23 | €5,818 | +€5,795 | +25,756% |
| Recurring financial charges | 65 | €23 | €5,818 | +€5,795 | +25,756% |
| Profit (loss) for the period before taxes | 9903 | -€35,251 | -€16,885 | +€18,366 | +52.1% |
| Profit (loss) for the period | 9904 | -€35,251 | -€16,885 | +€18,366 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,251 | -€16,885 | +€18,366 | +52.1% |
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.