Willow Sustainability: 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 Sustainability
Largest movements
- Receivables within one year +€37,192
up €37,192 (+157%), from €23,669 to €60,860
of which Trade receivables: +€33,928
- Cash +€34,889
up €34,889 (+44.5%), from €78,457 to €113,345
mainly Net result for the year (+€63,013) and Short-term financial debts (+€10,795)
- Reserves +€63,013
up €63,013 (+85.7%), from €73,566 to €136,579
- Short-term financial debts +€10,795
new in 2025: €10,795
- Tax, wage and social debts -€4,053
down €4,053 (-14.0%), from €28,972 to €24,919
- Trade debts +€2,707
up €2,707 (+342%), from €792 to €3,499
- Gross operating margin -€8,310
down €8,310 (-9.0%), from €92,605 to €84,295
- Financial charges +€3,571
up €3,571 (+1,491%), from €239 to €3,810
- Taxes -€2,388
down €2,388 (-13.0%), from €18,416 to €16,028
- Depreciation +€1,227
up €1,227 (+286%), from €428 to €1,655
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 | €106,662 | €178,793 | +€72,131 | +67.6% |
| Fixed assets | 21/28 | €4,537 | €2,882 | -€1,655 | -36.5% |
| Tangible fixed assets | 22/27 | €4,537 | €2,882 | -€1,655 | -36.5% |
| Plant, machinery and equipment | 23 | €3,171 | €2,004 | -€1,167 | -36.8% |
| Furniture and vehicles | 24 | €1,366 | €878 | -€488 | -35.7% |
| Current assets | 29/58 | €102,125 | €175,911 | +€73,786 | +72.3% |
| Amounts receivable within one year | 40/41 | €23,669 | €60,860 | +€37,192 | +157% |
| Trade receivables | 40 | €23,669 | €57,596 | +€33,928 | +143% |
| Other amounts receivable | 41 | - | €3,264 | +€3,264 | |
| Cash at bank and in hand | 54/58 | €78,457 | €113,345 | +€34,889 | +44.5% |
| Deferred charges and accrued income | 490/1 | - | €1,706 | +€1,706 | |
| Total equity and liabilities | 10/49 | €106,662 | €178,793 | +€72,131 | +67.6% |
| Equity | 10/15 | €76,566 | €139,579 | +€63,013 | +82.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €73,566 | €136,579 | +€63,013 | +85.7% |
| Distributable reserves | 133 | €73,566 | €136,579 | +€63,013 | +85.7% |
| Amounts payable | 17/49 | €30,096 | €39,214 | +€9,118 | +30.3% |
| Amounts payable within one year | 42/48 | €30,096 | €39,214 | +€9,118 | +30.3% |
| Financial debts | 43 | - | €10,795 | +€10,795 | |
| Credit institutions | 430/8 | - | €10,795 | +€10,795 | |
| Trade debts | 44 | €792 | €3,499 | +€2,707 | +342% |
| Suppliers | 440/4 | €792 | €3,499 | +€2,707 | +342% |
| Taxes, remuneration and social security | 45 | €28,972 | €24,919 | -€4,053 | -14.0% |
| Taxes | 450/3 | €28,972 | €24,919 | -€4,053 | -14.0% |
| Other amounts payable | 47/48 | €331 | €0 | -€331 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €428 | €1,655 | +€1,227 | +286% |
| Gross operating margin | 9900 | €92,605 | €84,295 | -€8,310 | -9.0% |
| Operating profit (loss) | 9901 | €92,177 | €82,640 | -€9,537 | -10.3% |
| Financial income | 75/76B | €44 | €211 | +€167 | +377% |
| Recurring financial income | 75 | €44 | €211 | +€167 | +377% |
| Financial charges | 65/66B | €239 | €3,810 | +€3,571 | +1,491% |
| Recurring financial charges | 65 | €239 | €3,810 | +€3,571 | +1,491% |
| Profit (loss) for the period before taxes | 9903 | €91,982 | €79,041 | -€12,941 | -14.1% |
| Income taxes | 67/77 | €18,416 | €16,028 | -€2,388 | -13.0% |
| Profit (loss) for the period | 9904 | €73,566 | €63,013 | -€10,553 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,566 | €63,013 | -€10,553 | -14.3% |
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 21 October 2026 via checked.be.