WILLY WAGTAIL: 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 WAGTAIL
Largest movements
- Tangible fixed assets -€23,344
down €23,344 (-5.4%), from €434,088 to €410,745
of which Furniture and vehicles: -€11,681
- Receivables within one year +€4,952
up €4,952 (+36.4%), from €13,615 to €18,568
of which Trade receivables: +€4,952
- Debts after one year -€22,893
down €22,893 (-5.9%), from €390,535 to €367,642
- Other debts -€17,428
down €17,428 (-40.1%), from €43,461 to €26,033
- Tax, wage and social debts +€15,078
up €15,078 (+175%), from €8,619 to €23,697
- Profit (loss) carried forward +€7,305
no longer reported in 2025 (was -€7,305)
- Other operating charges +€14,713
up €14,713 (+844%), from €1,744 to €16,456
- Financial charges -€2,020
down €2,020 (-9.8%), from €20,645 to €18,625
- Gross operating margin +€2,001
up €2,001 (+2.6%), from €77,046 to €79,047
- Depreciation -€1,354
down €1,354 (-5.2%), from €25,853 to €24,500
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 | €480,023 | €463,261 | -€16,762 | -3.5% |
| Fixed assets | 21/28 | €434,088 | €410,745 | -€23,344 | -5.4% |
| Tangible fixed assets | 22/27 | €434,088 | €410,745 | -€23,344 | -5.4% |
| Land and buildings | 22 | €401,436 | €390,024 | -€11,412 | -2.8% |
| Plant, machinery and equipment | 23 | €2,675 | €2,424 | -€251 | -9.4% |
| Furniture and vehicles | 24 | €29,978 | €18,297 | -€11,681 | -39.0% |
| Current assets | 29/58 | €45,934 | €52,516 | +€6,581 | +14.3% |
| Amounts receivable within one year | 40/41 | €13,615 | €18,568 | +€4,952 | +36.4% |
| Trade receivables | 40 | €8,871 | €13,823 | +€4,952 | +55.8% |
| Other amounts receivable | 41 | €4,745 | €4,745 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,319 | €32,337 | +€18 | +0.1% |
| Deferred charges and accrued income | 490/1 | - | €1,611 | +€1,611 | |
| Total equity and liabilities | 10/49 | €480,023 | €463,261 | -€16,762 | -3.5% |
| Equity | 10/15 | €13,895 | €21,413 | +€7,518 | +54.1% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,213 | +€213 | +1.1% |
| Distributable reserves | 133 | €20,000 | €20,213 | +€213 | +1.1% |
| Profit (loss) carried forward | 14 | -€7,305 | - | +€7,305 | |
| Amounts payable | 17/49 | €466,128 | €441,848 | -€24,280 | -5.2% |
| Amounts payable after more than one year | 17 | €390,535 | €367,642 | -€22,893 | -5.9% |
| Financial debts | 170/4 | €390,535 | €367,642 | -€22,893 | -5.9% |
| Amounts payable within one year | 42/48 | €75,593 | €74,205 | -€1,388 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €22,087 | €22,893 | +€806 | +3.6% |
| Trade debts | 44 | €1,426 | €1,582 | +€156 | +10.9% |
| Suppliers | 440/4 | €1,426 | €1,582 | +€156 | +10.9% |
| Taxes, remuneration and social security | 45 | €8,619 | €23,697 | +€15,078 | +175% |
| Taxes | 450/3 | €8,619 | €23,697 | +€15,078 | +175% |
| Other amounts payable | 47/48 | €43,461 | €26,033 | -€17,428 | -40.1% |
| Remuneration, social security and pensions | 62 | €504 | €802 | +€298 | +59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,853 | €24,500 | -€1,354 | -5.2% |
| Other operating charges | 640/8 | €1,744 | €16,456 | +€14,713 | +844% |
| Gross operating margin | 9900 | €77,046 | €79,047 | +€2,001 | +2.6% |
| Operating profit (loss) | 9901 | €48,946 | €37,289 | -€11,657 | -23.8% |
| Financial income | 75/76B | €1 | €1 | +€0 | +10.0% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +10.0% |
| Financial charges | 65/66B | €20,645 | €18,625 | -€2,020 | -9.8% |
| Recurring financial charges | 65 | €20,645 | €18,625 | -€2,020 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €28,301 | €18,665 | -€9,637 | -34.1% |
| Income taxes | 67/77 | €130 | €146 | +€16 | +12.3% |
| Profit (loss) for the period | 9904 | €28,171 | €18,518 | -€9,653 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,171 | €18,518 | -€9,653 | -34.3% |
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 14 October 2026 via checked.be.