Wilmanco: 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.
Wilmanco
Largest movements
- Tangible fixed assets +€347,300
up €347,300 (+5,485%), from €6,331 to €353,632
of which Land and buildings: +€350,000
- Cash -€248,053
down €248,053 (-57.1%), from €434,342 to €186,288
mainly Investment in fixed assets (net) (-€392,000) and Contributions, distributions and other (-€196,000)
- Receivables within one year -€34,342
down €34,342 (-61.9%), from €55,517 to €21,175
of which Trade receivables: -€30,241
- Debts after one year +€119,229
new in 2025: €119,229
- Reserves -€67,386
down €67,386 (-13.7%), from €492,269 to €424,883
- Tax, wage and social debts +€17,534
up €17,534 (+99.4%), from €17,646 to €35,180
- Depreciation +€42,000
up €42,000 (+1,556%), from €2,700 to €44,700
- Gross operating margin +€23,369
up €23,369 (+10.2%), from €228,891 to €252,261
- Financial charges +€4,193
up €4,193 (+64.3%), from €6,518 to €10,711
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 | €519,535 | €589,448 | +€69,913 | +13.5% |
| Fixed assets | 21/28 | €7,561 | €354,862 | +€347,300 | +4,593% |
| Tangible fixed assets | 22/27 | €6,331 | €353,632 | +€347,300 | +5,485% |
| Land and buildings | 22 | - | €350,000 | +€350,000 | |
| Furniture and vehicles | 24 | €6,331 | €3,632 | -€2,700 | -42.6% |
| Financial fixed assets | 28 | €1,230 | €1,230 | = | 0.0% |
| Current assets | 29/58 | €511,974 | €234,586 | -€277,387 | -54.2% |
| Amounts receivable after more than one year | 29 | €20,000 | €25,000 | +€5,000 | +25.0% |
| Other amounts receivable | 291 | €20,000 | €25,000 | +€5,000 | +25.0% |
| Amounts receivable within one year | 40/41 | €55,517 | €21,175 | -€34,342 | -61.9% |
| Trade receivables | 40 | €51,416 | €21,175 | -€30,241 | -58.8% |
| Other amounts receivable | 41 | €4,101 | €0 | -€4,101 | -100% |
| Cash at bank and in hand | 54/58 | €434,342 | €186,288 | -€248,053 | -57.1% |
| Deferred charges and accrued income | 490/1 | €2,115 | €2,123 | +€8 | +0.4% |
| Total equity and liabilities | 10/49 | €519,535 | €589,448 | +€69,913 | +13.5% |
| Equity | 10/15 | €497,951 | €430,565 | -€67,386 | -13.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €492,269 | €424,883 | -€67,386 | -13.7% |
| Distributable reserves | 133 | €492,269 | €424,883 | -€67,386 | -13.7% |
| Profit (loss) carried forward | 14 | €683 | €683 | = | 0.0% |
| Amounts payable | 17/49 | €21,584 | €158,883 | +€137,299 | +636% |
| Amounts payable after more than one year | 17 | - | €119,229 | +€119,229 | |
| Other amounts payable | 178/9 | - | €119,229 | +€119,229 | |
| Amounts payable within one year | 42/48 | €21,584 | €35,182 | +€13,599 | +63.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €671 | €2 | -€669 | -99.6% |
| Suppliers | 440/4 | €671 | €2 | -€669 | -99.6% |
| Taxes, remuneration and social security | 45 | €17,646 | €35,180 | +€17,534 | +99.4% |
| Taxes | 450/3 | €17,646 | €35,180 | +€17,534 | +99.4% |
| Other amounts payable | 47/48 | €3,266 | €0 | -€3,266 | -100% |
| Accrued charges and deferred income | 492/3 | - | €4,471 | +€4,471 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,700 | €44,700 | +€42,000 | +1,556% |
| Other operating charges | 640/8 | €2,575 | €2,614 | +€39 | +1.5% |
| Gross operating margin | 9900 | €228,891 | €252,261 | +€23,369 | +10.2% |
| Operating profit (loss) | 9901 | €223,616 | €204,947 | -€18,670 | -8.3% |
| Financial income | 75/76B | €202 | €1,117 | +€915 | +452% |
| Recurring financial income | 75 | €202 | €1,117 | +€915 | +452% |
| Financial charges | 65/66B | €6,518 | €10,711 | +€4,193 | +64.3% |
| Recurring financial charges | 65 | €6,518 | €10,711 | +€4,193 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | €217,300 | €195,353 | -€21,948 | -10.1% |
| Income taxes | 67/77 | €68,899 | €66,739 | -€2,160 | -3.1% |
| Profit (loss) for the period | 9904 | €148,401 | €128,614 | -€19,788 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €148,401 | €128,614 | -€19,788 | -13.3% |
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 13 October 2026 via checked.be.