Willows & Co: 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.
Willows & Co
Largest movements
- Tangible fixed assets -€18,338
down €18,338 (-71.2%), from €25,754 to €7,416
of which Leasing and similar rights: -€19,771
- Receivables within one year +€1,249
up €1,249 (+147.7%), from €846 to €2,095
of which Other amounts receivable: +€2,037
- Cash -€468
down €468 (-25.2%), from €1,858 to €1,391
mainly Other debts (-€16,500) and Current portion of long-term debt (-€6,635)
- Other debts -€16,500
down €16,500 (-99.7%), from €16,551 to €51
- Debts after one year +€6,777
up €6,777 (+45.8%), from €14,792 to €21,569
- Current portion of long-term debt -€6,635
down €6,635 (-68.2%), from €9,726 to €3,091
- Trade debts -€5,574
down €5,574 (-63.1%), from €8,827 to €3,253
- Profit (loss) carried forward +€3,907
up €3,907 (+18.7%), from -€20,938 to -€17,031
- Depreciation -€8,136
down €8,136 (-85.0%), from €9,576 to €1,440
- Gross operating margin +€2,166
up €2,166 (+26.9%), from €8,056 to €10,222
- Financial income +€1,553
up €1,553 (+521.9%), from €298 to €1,850
- Financial charges -€102
down €102 (-5.6%), from €1,845 to €1,742
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 | €31,958 | €13,934 | -€18,024 | -56.4% |
| Fixed assets | 21/28 | €25,754 | €7,416 | -€18,338 | -71.2% |
| Tangible fixed assets | 22/27 | €25,754 | €7,416 | -€18,338 | -71.2% |
| Land and buildings | 22 | €4,702 | €4,075 | -€627 | -13.3% |
| Plant, machinery and equipment | 23 | €1,281 | €3,341 | +€2,060 | +160.8% |
| Leasing and similar rights | 25 | €19,771 | - | -€19,771 | |
| Current assets | 29/58 | €6,203 | €6,518 | +€315 | +5.1% |
| Stocks and contracts in progress | 3 | €3,249 | €3,032 | -€217 | -6.7% |
| Stocks | 30/36 | €3,249 | €3,032 | -€217 | -6.7% |
| Amounts receivable within one year | 40/41 | €846 | €2,095 | +€1,249 | +147.7% |
| Trade receivables | 40 | €788 | - | -€788 | |
| Other amounts receivable | 41 | €58 | €2,095 | +€2,037 | +3515.7% |
| Cash at bank and in hand | 54/58 | €1,858 | €1,391 | -€468 | -25.2% |
| Deferred charges and accrued income | 490/1 | €250 | - | -€250 | |
| Total equity and liabilities | 10/49 | €31,958 | €13,934 | -€18,024 | -56.4% |
| Equity | 10/15 | -€17,938 | -€14,031 | +€3,907 | +21.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,938 | -€17,031 | +€3,907 | +18.7% |
| Amounts payable | 17/49 | €49,895 | €27,964 | -€21,931 | -44.0% |
| Amounts payable after more than one year | 17 | €14,792 | €21,569 | +€6,777 | +45.8% |
| Financial debts | 170/4 | €14,792 | €21,569 | +€6,777 | +45.8% |
| Amounts payable within one year | 42/48 | €35,104 | €6,395 | -€28,708 | -81.8% |
| Current portion of amounts payable after more than one year | 42 | €9,726 | €3,091 | -€6,635 | -68.2% |
| Trade debts | 44 | €8,827 | €3,253 | -€5,574 | -63.1% |
| Suppliers | 440/4 | €8,827 | €3,253 | -€5,574 | -63.1% |
| Other amounts payable | 47/48 | €16,551 | €51 | -€16,500 | -99.7% |
| Non-recurring operating income | 76A | - | €365 | +€365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,576 | €1,440 | -€8,136 | -85.0% |
| Other operating charges | 640/8 | €197 | €212 | +€15 | +7.4% |
| Non-recurring operating charges | 66A | - | €4,771 | +€4,771 | |
| Gross operating margin | 9900 | €8,056 | €10,222 | +€2,166 | +26.9% |
| Operating profit (loss) | 9901 | -€1,718 | €3,799 | +€5,517 | |
| Financial income | 75/76B | €298 | €1,850 | +€1,553 | +521.9% |
| Recurring financial income | 75 | €298 | €1,850 | +€1,553 | +521.9% |
| Financial charges | 65/66B | €1,845 | €1,742 | -€102 | -5.6% |
| Recurring financial charges | 65 | €1,845 | €1,742 | -€102 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,265 | €3,907 | +€7,172 | |
| Profit (loss) for the period | 9904 | -€3,265 | €3,907 | +€7,172 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,265 | €3,907 | +€7,172 |
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 9 October 2026 via checked.be.