WillowTree: 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.
WillowTree
Largest movements
- Tangible fixed assets -€57,983
down €57,983 (-12.0%), from €484,249 to €426,266
of which Land and buildings: -€56,177
- Receivables within one year +€18,044
up €18,044 (+28.7%), from €62,890 to €80,934
of which Trade receivables: +€25,427
- Other debts -€48,850
down €48,850 (-22.1%), from €221,463 to €172,614
- Debts after one year -€10,000
down €10,000 (-3.8%), from €266,111 to €256,111
- Trade debts +€6,181
up €6,181 (+15.1%), from €40,995 to €47,176
- Gross operating margin -€15,074
down €15,074 (-17.2%), from €87,749 to €72,674
- Financial charges -€12,751
down €12,751 (-49.0%), from €26,042 to €13,291
- Other operating charges -€2,429
down €2,429 (-87.3%), from €2,783 to €354
- Depreciation -€1,960
down €1,960 (-3.3%), from €59,942 to €57,983
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 | €572,370 | €527,236 | -€45,133 | -7.9% |
| Fixed assets | 21/28 | €488,897 | €431,309 | -€57,588 | -11.8% |
| Tangible fixed assets | 22/27 | €484,249 | €426,266 | -€57,983 | -12.0% |
| Land and buildings | 22 | €480,924 | €424,747 | -€56,177 | -11.7% |
| Plant, machinery and equipment | 23 | €842 | €297 | -€545 | -64.7% |
| Furniture and vehicles | 24 | €2,483 | €1,222 | -€1,261 | -50.8% |
| Financial fixed assets | 28 | €4,648 | €5,043 | +€395 | +8.5% |
| Current assets | 29/58 | €83,473 | €95,928 | +€12,454 | +14.9% |
| Amounts receivable within one year | 40/41 | €62,890 | €80,934 | +€18,044 | +28.7% |
| Trade receivables | 40 | €37,830 | €63,257 | +€25,427 | +67.2% |
| Other amounts receivable | 41 | €25,060 | €17,677 | -€7,383 | -29.5% |
| Cash at bank and in hand | 54/58 | €20,171 | €14,994 | -€5,177 | -25.7% |
| Deferred charges and accrued income | 490/1 | €413 | - | -€413 | |
| Total equity and liabilities | 10/49 | €572,370 | €527,236 | -€45,133 | -7.9% |
| Equity | 10/15 | €33,807 | €34,825 | +€1,018 | +3.0% |
| Contributions | 10/11 | €212,400 | €212,400 | = | 0.0% |
| Reserves | 13 | €68,689 | €68,689 | = | 0.0% |
| Distributable reserves | 133 | €68,689 | €68,689 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,282 | -€246,264 | +€1,018 | +0.4% |
| Amounts payable | 17/49 | €538,563 | €492,412 | -€46,151 | -8.6% |
| Amounts payable after more than one year | 17 | €266,111 | €256,111 | -€10,000 | -3.8% |
| Financial debts | 170/4 | €266,111 | €256,111 | -€10,000 | -3.8% |
| Amounts payable within one year | 42/48 | €266,500 | €229,228 | -€37,272 | -14.0% |
| Trade debts | 44 | €40,995 | €47,176 | +€6,181 | +15.1% |
| Suppliers | 440/4 | €40,995 | €47,176 | +€6,181 | +15.1% |
| Taxes, remuneration and social security | 45 | €4,042 | €9,439 | +€5,396 | +133.5% |
| Taxes | 450/3 | €4,042 | €9,439 | +€5,396 | +133.5% |
| Other amounts payable | 47/48 | €221,463 | €172,614 | -€48,850 | -22.1% |
| Accrued charges and deferred income | 492/3 | €5,951 | €7,072 | +€1,121 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,942 | €57,983 | -€1,960 | -3.3% |
| Other operating charges | 640/8 | €2,783 | €354 | -€2,429 | -87.3% |
| Gross operating margin | 9900 | €87,749 | €72,674 | -€15,074 | -17.2% |
| Operating profit (loss) | 9901 | €25,024 | €14,337 | -€10,686 | -42.7% |
| Financial charges | 65/66B | €26,042 | €13,291 | -€12,751 | -49.0% |
| Recurring financial charges | 65 | €26,042 | €13,291 | -€12,751 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,018 | €1,046 | +€2,065 | |
| Income taxes | 67/77 | €451 | €29 | -€422 | -93.7% |
| Profit (loss) for the period | 9904 | -€1,469 | €1,018 | +€2,487 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,469 | €1,018 | +€2,487 |
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 3 October 2026 via checked.be.