WILLOW TREE MANAGEMENT: 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 TREE MANAGEMENT
Largest movements
- Current investments -€360,000
no longer reported in 2025 (was €360,000)
- Cash +€51,761
up €51,761 (+59.4%), from €87,144 to €138,905
mainly Current investments (+€360,000) and Net result for the year (+€142,643)
- Deferred charges and accrued income -€5,360
down €5,360 (-99.4%), from €5,391 to €31
- Other debts -€309,683
down €309,683 (-68.5%), from €452,327 to €142,643
- Financial income -€1,980
down €1,980 (-21.4%), from €9,233 to €7,253
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 | €474,100 | €160,486 | -€313,615 | -66.1% |
| Fixed assets | 21/28 | €75 | €75 | = | 0.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €474,025 | €160,411 | -€313,615 | -66.2% |
| Amounts receivable within one year | 40/41 | €21,490 | €21,475 | -€15 | -0.1% |
| Trade receivables | 40 | €15,746 | €21,004 | +€5,258 | +33.4% |
| Other amounts receivable | 41 | €5,744 | €471 | -€5,273 | -91.8% |
| Current investments | 50/53 | €360,000 | - | -€360,000 | |
| Cash at bank and in hand | 54/58 | €87,144 | €138,905 | +€51,761 | +59.4% |
| Deferred charges and accrued income | 490/1 | €5,391 | €31 | -€5,360 | -99.4% |
| Total equity and liabilities | 10/49 | €474,100 | €160,486 | -€313,615 | -66.1% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €471,600 | €157,986 | -€313,615 | -66.5% |
| Amounts payable within one year | 42/48 | €469,983 | €157,976 | -€312,007 | -66.4% |
| Trade debts | 44 | €3,915 | €3,132 | -€783 | -20.0% |
| Suppliers | 440/4 | €3,915 | €3,132 | -€783 | -20.0% |
| Taxes, remuneration and social security | 45 | €13,741 | €12,201 | -€1,540 | -11.2% |
| Taxes | 450/3 | €11,112 | €12,201 | +€1,089 | +9.8% |
| Remuneration and social security | 454/9 | €2,629 | - | -€2,629 | |
| Other amounts payable | 47/48 | €452,327 | €142,643 | -€309,683 | -68.5% |
| Accrued charges and deferred income | 492/3 | €1,617 | €9 | -€1,608 | -99.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €179,285 | €179,238 | -€47 | 0.0% |
| Operating profit (loss) | 9901 | €178,898 | €178,838 | -€59 | 0.0% |
| Financial income | 75/76B | €9,233 | €7,253 | -€1,980 | -21.4% |
| Recurring financial income | 75 | €9,233 | €7,253 | -€1,980 | -21.4% |
| Financial charges | 65/66B | €1,939 | €1,742 | -€196 | -10.1% |
| Recurring financial charges | 65 | €1,939 | €1,742 | -€196 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €186,192 | €184,349 | -€1,843 | -1.0% |
| Income taxes | 67/77 | €42,096 | €41,705 | -€391 | -0.9% |
| Profit (loss) for the period | 9904 | €144,096 | €142,643 | -€1,453 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €144,096 | €142,643 | -€1,453 | -1.0% |
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 6 October 2026 via checked.be.