WILPAZ: what changed
Two fiscal 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.
WILPAZ
Largest movements
- Receivables within one year +€10,276
up €10,276 (+26.4%), from €38,969 to €49,245
of which Trade receivables: +€5,418
- Deferred charges and accrued income -€1,210
down €1,210 (-22.2%), from €5,445 to €4,235
- Tangible fixed assets -€1,150
down €1,150 (-68.5%), from €1,679 to €529
of which Furniture and vehicles: -€1,150
- Trade debts +€6,848
up €6,848 (+434.3%), from €1,577 to €8,425
- Other debts +€971
up €971 (+11.9%), from €8,151 to €9,122
- Gross operating margin -€4,880
down €4,880 (-90.2%), from €5,411 to €531
- Taxes -€1,518
down €1,518 (-85.2%), from €1,781 to €263
- Financial charges -€662
down €662 (-57.5%), from €1,152 to €489
- Financial income -€583
down €583 (-22.8%), from €2,556 to €1,973
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.
Cash bridge derived
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 | €48,603 | €56,585 | +€7,983 | +16.4% |
| Fixed assets | 21/28 | €2,679 | €1,529 | -€1,150 | -42.9% |
| Tangible fixed assets | 22/27 | €1,679 | €529 | -€1,150 | -68.5% |
| Furniture and vehicles | 24 | €1,679 | €529 | -€1,150 | -68.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €45,924 | €55,056 | +€9,132 | +19.9% |
| Amounts receivable within one year | 40/41 | €38,969 | €49,245 | +€10,276 | +26.4% |
| Trade receivables | 40 | €632 | €6,050 | +€5,418 | +857.6% |
| Other amounts receivable | 41 | €38,337 | €43,195 | +€4,858 | +12.7% |
| Cash at bank and in hand | 54/58 | €1,510 | €1,576 | +€66 | +4.4% |
| Deferred charges and accrued income | 490/1 | €5,445 | €4,235 | -€1,210 | -22.2% |
| Total equity and liabilities | 10/49 | €48,603 | €56,585 | +€7,983 | +16.4% |
| Equity | 10/15 | €38,875 | €39,037 | +€163 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,275 | €20,437 | +€163 | +0.8% |
| Distributable reserves | 133 | €20,275 | €20,437 | +€163 | +0.8% |
| Amounts payable | 17/49 | €9,728 | €17,548 | +€7,820 | +80.4% |
| Amounts payable within one year | 42/48 | €9,728 | €17,548 | +€7,820 | +80.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,577 | €8,425 | +€6,848 | +434.3% |
| Suppliers | 440/4 | €1,577 | €8,425 | +€6,848 | +434.3% |
| Other amounts payable | 47/48 | €8,151 | €9,122 | +€971 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €862 | €862 | +€0 | 0.0% |
| Other operating charges | 640/8 | €679 | €726 | +€48 | +7.0% |
| Gross operating margin | 9900 | €5,411 | €531 | -€4,880 | -90.2% |
| Operating profit (loss) | 9901 | €3,870 | -€1,058 | -€4,928 | |
| Financial income | 75/76B | €2,556 | €1,973 | -€583 | -22.8% |
| Recurring financial income | 75 | €2,556 | €1,973 | -€583 | -22.8% |
| Financial charges | 65/66B | €1,152 | €489 | -€662 | -57.5% |
| Recurring financial charges | 65 | €1,152 | €489 | -€662 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €5,274 | €426 | -€4,848 | -91.9% |
| Income taxes | 67/77 | €1,781 | €263 | -€1,518 | -85.2% |
| Profit (loss) for the period | 9904 | €3,493 | €163 | -€3,331 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,493 | €163 | -€3,331 | -95.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.