Willux.be: 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.
Willux.be
Largest movements
- Current investments -€700,000
no longer reported in 2025 (was €700,000)
- Cash +€544,191
up €544,191 (+333.4%), from €163,214 to €707,405
mainly Current investments (+€700,000) and Net result for the year (+€400,077)
- Intangible fixed assets +€282,532
up €282,532 (+267.2%), from €105,740 to €388,272
- Tangible fixed assets -€75,337
down €75,337 (-18.2%), from €413,984 to €338,647
- Financial fixed assets +€36,000
up €36,000 (+10608.2%), from €339 to €36,339
- Reserves +€421,933
up €421,933 (+43.5%), from €969,743 to €1.4m
of which Distributable reserves: +€221,895
- Trade debts -€147,325
down €147,325 (-66.5%), from €221,635 to €74,310
- Current portion of long-term debt -€95,190
no longer reported in 2025 (was €95,190)
- Other debts -€80,772
down €80,772 (-87.4%), from €92,407 to €11,634
- Tax, wage and social debts +€44,932
up €44,932 (+41.8%), from €107,457 to €152,390
of which Taxes: +€59,123
- Gross operating margin +€299,633
up €299,633 (+18.9%), from €1.6m to €1.9m
- Taxes +€49,354
up €49,354 (+52.4%), from €94,227 to €143,581
- Depreciation +€34,719
up €34,719 (+29.1%), from €119,213 to €153,931
- Staff costs +€33,469
up €33,469 (+3.0%), from €1.1m to €1.2m
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 | €1,796,106 | €1,895,362 | +€99,256 | +5.5% |
| Fixed assets | 21/28 | €520,063 | €763,258 | +€243,195 | +46.8% |
| Intangible fixed assets | 21 | €105,740 | €388,272 | +€282,532 | +267.2% |
| Tangible fixed assets | 22/27 | €413,984 | €338,647 | -€75,337 | -18.2% |
| Land and buildings | 22 | €263,189 | €246,729 | -€16,460 | -6.3% |
| Plant, machinery and equipment | 23 | €75,596 | €42,155 | -€33,441 | -44.2% |
| Furniture and vehicles | 24 | €53,078 | €24,682 | -€28,396 | -53.5% |
| Other tangible fixed assets | 26 | €22,121 | €25,081 | +€2,960 | +13.4% |
| Financial fixed assets | 28 | €339 | €36,339 | +€36,000 | +10608.2% |
| Current assets | 29/58 | €1,276,043 | €1,132,104 | -€143,939 | -11.3% |
| Amounts receivable within one year | 40/41 | €359,498 | €362,713 | +€3,215 | +0.9% |
| Trade receivables | 40 | €277,920 | €362,713 | +€84,793 | +30.5% |
| Other amounts receivable | 41 | €81,578 | - | -€81,578 | |
| Current investments | 50/53 | €700,000 | - | -€700,000 | |
| Cash at bank and in hand | 54/58 | €163,214 | €707,405 | +€544,191 | +333.4% |
| Deferred charges and accrued income | 490/1 | €53,331 | €61,986 | +€8,655 | +16.2% |
| Total equity and liabilities | 10/49 | €1,796,106 | €1,895,362 | +€99,256 | +5.5% |
| Equity | 10/15 | €1,253,138 | €1,653,214 | +€400,077 | +31.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €969,743 | €1,391,676 | +€421,933 | +43.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €200,038 | +€200,038 | |
| Distributable reserves | 133 | €963,593 | €1,185,488 | +€221,895 | +23.0% |
| Profit (loss) carried forward | 14 | €221,895 | €200,038 | -€21,857 | -9.9% |
| Amounts payable | 17/49 | €542,968 | €242,148 | -€300,821 | -55.4% |
| Amounts payable after more than one year | 17 | €20,132 | - | -€20,132 | |
| Financial debts | 170/4 | €20,132 | - | -€20,132 | |
| Amounts payable within one year | 42/48 | €516,689 | €238,334 | -€278,356 | -53.9% |
| Current portion of amounts payable after more than one year | 42 | €95,190 | - | -€95,190 | |
| Trade debts | 44 | €221,635 | €74,310 | -€147,325 | -66.5% |
| Suppliers | 440/4 | €221,635 | €74,310 | -€147,325 | -66.5% |
| Taxes, remuneration and social security | 45 | €107,457 | €152,390 | +€44,932 | +41.8% |
| Taxes | 450/3 | €1,825 | €60,948 | +€59,123 | +3239.1% |
| Remuneration and social security | 454/9 | €105,632 | €91,441 | -€14,191 | -13.4% |
| Other amounts payable | 47/48 | €92,407 | €11,634 | -€80,772 | -87.4% |
| Accrued charges and deferred income | 492/3 | €6,147 | €3,814 | -€2,333 | -38.0% |
| Non-recurring operating income | 76A | €5,233 | - | -€5,233 | |
| Remuneration, social security and pensions | 62 | €1,130,145 | €1,163,614 | +€33,469 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,213 | €153,931 | +€34,719 | +29.1% |
| Other operating charges | 640/8 | €1,108 | €1,857 | +€749 | +67.6% |
| Non-recurring operating charges | 66A | €7,373 | - | -€7,373 | |
| Gross operating margin | 9900 | €1,586,558 | €1,886,191 | +€299,633 | +18.9% |
| Operating profit (loss) | 9901 | €328,719 | €566,788 | +€238,069 | +72.4% |
| Financial income | 75/76B | €23,619 | €25,878 | +€2,260 | +9.6% |
| Recurring financial income | 75 | €23,619 | €25,878 | +€2,260 | +9.6% |
| Financial charges | 65/66B | €36,216 | €49,009 | +€12,793 | +35.3% |
| Recurring financial charges | 65 | €36,216 | €49,009 | +€12,793 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €316,122 | €543,658 | +€227,536 | +72.0% |
| Income taxes | 67/77 | €94,227 | €143,581 | +€49,354 | +52.4% |
| Profit (loss) for the period | 9904 | €221,895 | €400,077 | +€178,181 | +80.3% |
| Transfer to tax-exempt reserves | 689 | - | €200,038 | +€200,038 | |
| Profit (loss) for the period to be appropriated | 9905 | €221,895 | €200,038 | -€21,857 | -9.9% |
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 8 October 2026 via checked.be.