Willy & Maurice: 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.
Willy & Maurice
Largest movements
- Cash +€8,709
up €8,709 (+436%), from €1,997 to €10,706
mainly Receivables within one year (+€6,044) and Tax, wage and social debts (+€4,060)
- Receivables within one year -€6,044
down €6,044 (-70.9%), from €8,520 to €2,476
of which Other amounts receivable: -€3,310
- Tangible fixed assets -€1,784
down €1,784 (-14.8%), from €12,020 to €10,236
- Other debts -€4,702
down €4,702 (-49.2%), from €9,552 to €4,850
- Tax, wage and social debts +€4,060
up €4,060 (+204%), from €1,990 to €6,050
- Profit (loss) carried forward +€4,045
up €4,045, from -€137 to €3,908
- Trade debts +€3,076
up €3,076 (+38,450%), from €8 to €3,084
- Current portion of long-term debt -€2,917
down €2,917 (-52.1%), from €5,598 to €2,681
- Gross operating margin +€10,420
up €10,420 (+1,194%), from €873 to €11,293
- Taxes +€2,704
up €2,704, from -€244 to €2,460
- Depreciation +€2,154
up €2,154 (+288%), from €748 to €2,902
- Other operating charges -€1,033
no longer reported in 2025 (was €1,033)
- Financial charges +€897
up €897 (+89.8%), from €999 to €1,896
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 | €22,537 | €23,418 | +€881 | +3.9% |
| Fixed assets | 21/28 | €12,020 | €10,236 | -€1,784 | -14.8% |
| Tangible fixed assets | 22/27 | €12,020 | €10,236 | -€1,784 | -14.8% |
| Plant, machinery and equipment | 23 | €12,020 | €10,236 | -€1,784 | -14.8% |
| Current assets | 29/58 | €10,517 | €13,182 | +€2,665 | +25.3% |
| Amounts receivable within one year | 40/41 | €8,520 | €2,476 | -€6,044 | -70.9% |
| Trade receivables | 40 | €5,210 | €2,476 | -€2,734 | -52.5% |
| Other amounts receivable | 41 | €3,310 | - | -€3,310 | |
| Cash at bank and in hand | 54/58 | €1,997 | €10,706 | +€8,709 | +436% |
| Total equity and liabilities | 10/49 | €22,537 | €23,418 | +€881 | +3.9% |
| Equity | 10/15 | €363 | €4,408 | +€4,045 | +1,114% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137 | €3,908 | +€4,045 | |
| Amounts payable | 17/49 | €22,174 | €19,010 | -€3,164 | -14.3% |
| Amounts payable after more than one year | 17 | €5,026 | €2,345 | -€2,681 | -53.3% |
| Financial debts | 170/4 | €5,026 | €2,345 | -€2,681 | -53.3% |
| Amounts payable within one year | 42/48 | €17,148 | €16,665 | -€483 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €5,598 | €2,681 | -€2,917 | -52.1% |
| Trade debts | 44 | €8 | €3,084 | +€3,076 | +38,450% |
| Suppliers | 440/4 | €8 | €3,084 | +€3,076 | +38,450% |
| Taxes, remuneration and social security | 45 | €1,990 | €6,050 | +€4,060 | +204% |
| Taxes | 450/3 | €1,990 | €6,050 | +€4,060 | +204% |
| Other amounts payable | 47/48 | €9,552 | €4,850 | -€4,702 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €748 | €2,902 | +€2,154 | +288% |
| Other operating charges | 640/8 | €1,033 | - | -€1,033 | |
| Gross operating margin | 9900 | €873 | €11,293 | +€10,420 | +1,194% |
| Operating profit (loss) | 9901 | -€908 | €8,391 | +€9,299 | |
| Financial income | 75/76B | €2 | €10 | +€8 | +400% |
| Recurring financial income | 75 | €2 | €10 | +€8 | +400% |
| Financial charges | 65/66B | €999 | €1,896 | +€897 | +89.8% |
| Recurring financial charges | 65 | €999 | €1,896 | +€897 | +89.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,905 | €6,505 | +€8,410 | |
| Income taxes | 67/77 | -€244 | €2,460 | +€2,704 | |
| Profit (loss) for the period | 9904 | -€1,661 | €4,045 | +€5,706 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,661 | €4,045 | +€5,706 |
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 25 October 2026 via checked.be.