WILMARFOK: 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.
WILMARFOK
Largest movements
- Tangible fixed assets +€283,366
up €283,366 (+78.2%), from €362,451 to €645,817
of which Land and buildings: +€237,423
- Stocks and contracts -€143,273
down €143,273 (-53.3%), from €268,595 to €125,322
- Receivables within one year -€73,596
down €73,596 (-52.4%), from €140,474 to €66,879
of which Trade receivables: -€115,173
- Cash +€22,557
up €22,557 (+37.0%), from €60,965 to €83,522
mainly Debts after one year (+€290,205) and Stocks and contracts (+€143,273)
- Debts after one year +€290,205
up €290,205 (+226%), from €128,455 to €418,660
- Profit (loss) carried forward -€183,739
down €183,739, from €68,113 to -€115,626
- Short-term financial debts -€40,000
down €40,000 (-100%), from €40,000 to €0
- Trade debts +€32,347
up €32,347 (+7.6%), from €424,254 to €456,602
- Current portion of long-term debt -€10,629
down €10,629 (-12.5%), from €85,149 to €74,520
- Gross operating margin -€234,015
down €234,015, from €156,212 to -€77,803
- Depreciation -€18,258
down €18,258 (-25.0%), from €72,930 to €54,671
- Write-downs +€5,120
up €5,120, from -€5,120 to €0
- Taxes -€1,737
down €1,737, from €1,447 to -€289
- Financial income +€1,593
up €1,593 (+5,550%), from €29 to €1,622
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 | €836,540 | €926,045 | +€89,505 | +10.7% |
| Fixed assets | 21/28 | €363,471 | €646,837 | +€283,366 | +78.0% |
| Tangible fixed assets | 22/27 | €362,451 | €645,817 | +€283,366 | +78.2% |
| Land and buildings | 22 | €302,113 | €539,536 | +€237,423 | +78.6% |
| Plant, machinery and equipment | 23 | €45,397 | €83,981 | +€38,583 | +85.0% |
| Furniture and vehicles | 24 | €14,941 | €22,300 | +€7,359 | +49.3% |
| Financial fixed assets | 28 | €1,020 | €1,020 | = | 0.0% |
| Current assets | 29/58 | €473,068 | €279,208 | -€193,861 | -41.0% |
| Stocks and contracts in progress | 3 | €268,595 | €125,322 | -€143,273 | -53.3% |
| Stocks | 30/36 | €268,595 | €125,322 | -€143,273 | -53.3% |
| Amounts receivable within one year | 40/41 | €140,474 | €66,879 | -€73,596 | -52.4% |
| Trade receivables | 40 | €121,922 | €6,749 | -€115,173 | -94.5% |
| Other amounts receivable | 41 | €18,553 | €60,130 | +€41,577 | +224% |
| Cash at bank and in hand | 54/58 | €60,965 | €83,522 | +€22,557 | +37.0% |
| Deferred charges and accrued income | 490/1 | €3,035 | €3,485 | +€450 | +14.8% |
| Total equity and liabilities | 10/49 | €836,540 | €926,045 | +€89,505 | +10.7% |
| Equity | 10/15 | €77,097 | -€106,642 | -€183,739 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,784 | €2,784 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,784 | €2,784 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,784 | €2,784 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,113 | -€115,626 | -€183,739 | |
| Amounts payable | 17/49 | €759,443 | €1,032,687 | +€273,244 | +36.0% |
| Amounts payable after more than one year | 17 | €128,455 | €418,660 | +€290,205 | +226% |
| Financial debts | 170/4 | €128,455 | €418,660 | +€290,205 | +226% |
| Amounts payable within one year | 42/48 | €630,008 | €613,165 | -€16,843 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €85,149 | €74,520 | -€10,629 | -12.5% |
| Financial debts | 43 | €40,000 | €0 | -€40,000 | -100% |
| Credit institutions | 430/8 | €40,000 | €0 | -€40,000 | -100% |
| Trade debts | 44 | €424,254 | €456,602 | +€32,347 | +7.6% |
| Suppliers | 440/4 | €424,254 | €456,602 | +€32,347 | +7.6% |
| Taxes, remuneration and social security | 45 | €2,403 | €1,650 | -€753 | -31.3% |
| Taxes | 450/3 | €2,403 | €600 | -€1,803 | -75.0% |
| Remuneration and social security | 454/9 | - | €1,050 | +€1,050 | |
| Other amounts payable | 47/48 | €78,202 | €80,394 | +€2,192 | +2.8% |
| Accrued charges and deferred income | 492/3 | €979 | €862 | -€117 | -12.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,930 | €54,671 | -€18,258 | -25.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,120 | €0 | +€5,120 | |
| Other operating charges | 640/8 | €6,701 | €6,203 | -€498 | -7.4% |
| Non-recurring operating charges | 66A | - | €37,097 | +€37,097 | |
| Gross operating margin | 9900 | €156,212 | -€77,803 | -€234,015 | |
| Operating profit (loss) | 9901 | €81,701 | -€175,775 | -€257,476 | |
| Financial income | 75/76B | €29 | €1,622 | +€1,593 | +5,550% |
| Recurring financial income | 75 | €29 | €1,622 | +€1,593 | +5,550% |
| Financial charges | 65/66B | €10,398 | €9,875 | -€523 | -5.0% |
| Recurring financial charges | 65 | €10,398 | €9,875 | -€523 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €71,332 | -€184,028 | -€255,360 | |
| Income taxes | 67/77 | €1,447 | -€289 | -€1,737 | |
| Profit (loss) for the period | 9904 | €69,884 | -€183,739 | -€253,623 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,884 | -€183,739 | -€253,623 |
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 16 October 2026 via checked.be.