WILLY'S MOUSTACHE: 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'S MOUSTACHE
Largest movements
- Receivables within one year +€66,953
up €66,953 (+112%), from €59,755 to €126,708
of which Other amounts receivable: +€50,958
- Cash -€24,346
down €24,346 (-8.9%), from €273,702 to €249,356
mainly Contributions, distributions and other (-€178,472) and Investment in fixed assets (net) (-€88,933)
- Stocks and contracts -€14,841
down €14,841 (-39.7%), from €37,391 to €22,550
- Other debts +€117,046
up €117,046 (+540%), from €21,661 to €138,707
- Debts after one year -€58,786
down €58,786 (-20.4%), from €288,790 to €230,005
of which Financial debts: -€52,786
- Trade debts -€47,024
down €47,024 (-26.4%), from €177,907 to €130,883
- Reserves +€23,381
up €23,381 (+10.1%), from €231,251 to €254,631
- Accrued charges and deferred income -€11,699
down €11,699 (-96.6%), from €12,114 to €414
- Staff costs -€93,193
down €93,193 (-21.1%), from €441,619 to €348,425
- Gross operating margin +€53,012
up €53,012 (+8.3%), from €636,762 to €689,774
- Depreciation -€11,636
down €11,636 (-10.9%), from €106,896 to €95,260
- Other operating charges +€8,473
up €8,473 (+73.6%), from €11,508 to €19,981
- Taxes +€7,995
up €7,995 (+132%), from €6,038 to €14,033
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €891,404 | €915,524 | +€24,120 | +2.7% |
| Fixed assets | 21/28 | €405,061 | €398,733 | -€6,328 | -1.6% |
| Tangible fixed assets | 22/27 | €393,880 | €387,952 | -€5,928 | -1.5% |
| Land and buildings | 22 | €75,906 | €71,721 | -€4,185 | -5.5% |
| Plant, machinery and equipment | 23 | €108,528 | €140,633 | +€32,105 | +29.6% |
| Furniture and vehicles | 24 | €17,644 | €13,414 | -€4,230 | -24.0% |
| Other tangible fixed assets | 26 | €191,803 | €162,185 | -€29,618 | -15.4% |
| Financial fixed assets | 28 | €11,181 | €10,781 | -€400 | -3.6% |
| Current assets | 29/58 | €486,343 | €516,790 | +€30,447 | +6.3% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Trade receivables | 290 | €110,000 | €110,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €37,391 | €22,550 | -€14,841 | -39.7% |
| Stocks | 30/36 | €37,391 | €22,550 | -€14,841 | -39.7% |
| Amounts receivable within one year | 40/41 | €59,755 | €126,708 | +€66,953 | +112% |
| Trade receivables | 40 | €46,995 | €62,990 | +€15,995 | +34.0% |
| Other amounts receivable | 41 | €12,760 | €63,718 | +€50,958 | +399% |
| Cash at bank and in hand | 54/58 | €273,702 | €249,356 | -€24,346 | -8.9% |
| Deferred charges and accrued income | 490/1 | €5,495 | €8,176 | +€2,681 | +48.8% |
| Total equity and liabilities | 10/49 | €891,404 | €915,524 | +€24,120 | +2.7% |
| Equity | 10/15 | €277,908 | €301,285 | +€23,378 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,251 | €254,631 | +€23,381 | +10.1% |
| Distributable reserves | 133 | €231,251 | €254,631 | +€23,381 | +10.1% |
| Profit (loss) carried forward | 14 | €28,057 | €28,054 | -€3 | 0.0% |
| Amounts payable | 17/49 | €613,496 | €614,238 | +€742 | +0.1% |
| Amounts payable after more than one year | 17 | €288,790 | €230,005 | -€58,786 | -20.4% |
| Financial debts | 170/4 | €171,434 | €118,648 | -€52,786 | -30.8% |
| Other amounts payable | 178/9 | €117,356 | €111,356 | -€6,000 | -5.1% |
| Amounts payable within one year | 42/48 | €312,592 | €383,819 | +€71,227 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €51,701 | €52,786 | +€1,084 | +2.1% |
| Financial debts | 43 | €101 | €993 | +€892 | +886% |
| Credit institutions | 430/8 | €101 | €993 | +€892 | +886% |
| Trade debts | 44 | €177,907 | €130,883 | -€47,024 | -26.4% |
| Suppliers | 440/4 | €177,907 | €130,883 | -€47,024 | -26.4% |
| Advances received on contracts in progress | 46 | €230 | - | -€230 | |
| Taxes, remuneration and social security | 45 | €60,992 | €60,451 | -€540 | -0.9% |
| Taxes | 450/3 | €16,192 | €31,322 | +€15,130 | +93.4% |
| Remuneration and social security | 454/9 | €44,800 | €29,130 | -€15,670 | -35.0% |
| Other amounts payable | 47/48 | €21,661 | €138,707 | +€117,046 | +540% |
| Accrued charges and deferred income | 492/3 | €12,114 | €414 | -€11,699 | -96.6% |
| Non-recurring operating income | 76A | - | €7,612 | +€7,612 | |
| Remuneration, social security and pensions | 62 | €441,619 | €348,425 | -€93,193 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,896 | €95,260 | -€11,636 | -10.9% |
| Other operating charges | 640/8 | €11,508 | €19,981 | +€8,473 | +73.6% |
| Gross operating margin | 9900 | €636,762 | €689,774 | +€53,012 | +8.3% |
| Operating profit (loss) | 9901 | €76,740 | €226,108 | +€149,368 | +195% |
| Financial income | 75/76B | €819 | €2,451 | +€1,631 | +199% |
| Recurring financial income | 75 | €819 | €2,451 | +€1,631 | +199% |
| Financial charges | 65/66B | €11,145 | €12,675 | +€1,531 | +13.7% |
| Recurring financial charges | 65 | €11,145 | €12,675 | +€1,531 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €66,414 | €215,883 | +€149,468 | +225% |
| Income taxes | 67/77 | €6,038 | €14,033 | +€7,995 | +132% |
| Profit (loss) for the period | 9904 | €60,377 | €201,850 | +€141,473 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €60,377 | €201,850 | +€141,473 | +234% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.