WILLOWS INVEST: 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 INVEST
Largest movements
- Cash -€2,647
down €2,647 (-46.7%), from €5,666 to €3,019
mainly Trade debts (-€4,643) and Tax, wage and social debts (-€3,299)
- Receivables within one year +€538
up €538 (+2.2%), from €25,014 to €25,552
of which Other amounts receivable: +€8,218
- Reserves +€5,985
up €5,985 (+72.6%), from €8,248 to €14,233
- Trade debts -€4,643
down €4,643 (-73.1%), from €6,356 to €1,713
- Tax, wage and social debts -€3,299
down €3,299 (-20.9%), from €15,774 to €12,475
- Gross operating margin -€4,500
down €4,500 (-36.2%), from €12,419 to €7,918
- Financial income +€1,258
up €1,258 (+3,393%), from €37 to €1,295
- Other operating charges -€1,022
down €1,022 (-51.6%), from €1,981 to €960
- Financial charges +€352
up €352 (+2,791%), from €13 to €364
- Taxes -€310
down €310 (-14.0%), from €2,214 to €1,904
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 | €30,680 | €28,571 | -€2,109 | -6.9% |
| Current assets | 29/58 | €30,680 | €28,571 | -€2,109 | -6.9% |
| Amounts receivable within one year | 40/41 | €25,014 | €25,552 | +€538 | +2.2% |
| Trade receivables | 40 | €15,680 | €8,000 | -€7,680 | -49.0% |
| Other amounts receivable | 41 | €9,334 | €17,552 | +€8,218 | +88.1% |
| Cash at bank and in hand | 54/58 | €5,666 | €3,019 | -€2,647 | -46.7% |
| Total equity and liabilities | 10/49 | €30,680 | €28,571 | -€2,109 | -6.9% |
| Equity | 10/15 | €8,398 | €14,383 | +€5,985 | +71.3% |
| Contributions | 10/11 | €150 | €150 | = | 0.0% |
| Reserves | 13 | €8,248 | €14,233 | +€5,985 | +72.6% |
| Distributable reserves | 133 | €8,248 | €14,233 | +€5,985 | +72.6% |
| Amounts payable | 17/49 | €22,282 | €14,188 | -€8,094 | -36.3% |
| Amounts payable within one year | 42/48 | €22,130 | €14,188 | -€7,943 | -35.9% |
| Trade debts | 44 | €6,356 | €1,713 | -€4,643 | -73.1% |
| Suppliers | 440/4 | €6,356 | €1,713 | -€4,643 | -73.1% |
| Taxes, remuneration and social security | 45 | €15,774 | €12,475 | -€3,299 | -20.9% |
| Taxes | 450/3 | €15,774 | €12,475 | -€3,299 | -20.9% |
| Accrued charges and deferred income | 492/3 | €152 | - | -€152 | |
| Other operating charges | 640/8 | €1,981 | €960 | -€1,022 | -51.6% |
| Gross operating margin | 9900 | €12,419 | €7,918 | -€4,500 | -36.2% |
| Operating profit (loss) | 9901 | €10,437 | €6,959 | -€3,479 | -33.3% |
| Financial income | 75/76B | €37 | €1,295 | +€1,258 | +3,393% |
| Recurring financial income | 75 | €37 | €1,295 | +€1,258 | +3,393% |
| Financial charges | 65/66B | €13 | €364 | +€352 | +2,791% |
| Recurring financial charges | 65 | €13 | €364 | +€352 | +2,791% |
| Profit (loss) for the period before taxes | 9903 | €10,462 | €7,890 | -€2,572 | -24.6% |
| Income taxes | 67/77 | €2,214 | €1,904 | -€310 | -14.0% |
| Profit (loss) for the period | 9904 | €8,248 | €5,985 | -€2,263 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,248 | €5,985 | -€2,263 | -27.4% |
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.