WILTAE: 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.
WILTAE
Largest movements
- Cash +€36,357
up €36,357 (+32.8%), from €110,708 to €147,065
mainly Receivables within one year (+€25,064) and Depreciation (+€24,483)
- Receivables within one year -€25,064
down €25,064 (-51.9%), from €48,327 to €23,263
of which Trade receivables: -€27,063
- Tangible fixed assets -€24,483
down €24,483 (-20.0%), from €122,119 to €97,636
of which Land and buildings: -€14,023
- Stocks and contracts -€4,343
down €4,343 (-4.0%), from €109,330 to €104,987
- Profit (loss) carried forward -€16,161
down €16,161, from €2,241 to -€13,921
- Trade debts +€12,398
up €12,398 (+43.8%), from €28,322 to €40,720
- Debts after one year -€8,798
down €8,798 (-12.8%), from €68,800 to €60,001
- Tax, wage and social debts -€5,146
down €5,146 (-45.4%), from €11,332 to €6,187
of which Taxes: -€5,285
- Gross operating margin -€44,552
down €44,552 (-39.5%), from €112,840 to €68,288
- Taxes -€13,054
down €13,054 (-96.5%), from €13,525 to €471
- Depreciation -€2,374
down €2,374 (-8.8%), from €26,857 to €24,483
- Staff costs +€1,983
up €1,983 (+3.6%), from €55,790 to €57,772
- Other operating charges -€1,458
down €1,458 (-59.9%), from €2,435 to €977
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 | €391,109 | €373,576 | -€17,534 | -4.5% |
| Fixed assets | 21/28 | €122,744 | €98,261 | -€24,483 | -19.9% |
| Tangible fixed assets | 22/27 | €122,119 | €97,636 | -€24,483 | -20.0% |
| Land and buildings | 22 | €97,288 | €83,265 | -€14,023 | -14.4% |
| Plant, machinery and equipment | 23 | €16,279 | €12,484 | -€3,795 | -23.3% |
| Furniture and vehicles | 24 | €8,552 | €1,887 | -€6,665 | -77.9% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €268,365 | €275,314 | +€6,949 | +2.6% |
| Stocks and contracts in progress | 3 | €109,330 | €104,987 | -€4,343 | -4.0% |
| Stocks | 30/36 | €109,330 | €104,987 | -€4,343 | -4.0% |
| Amounts receivable within one year | 40/41 | €48,327 | €23,263 | -€25,064 | -51.9% |
| Trade receivables | 40 | €46,811 | €19,748 | -€27,063 | -57.8% |
| Other amounts receivable | 41 | €1,515 | €3,515 | +€2,000 | +132.0% |
| Cash at bank and in hand | 54/58 | €110,708 | €147,065 | +€36,357 | +32.8% |
| Total equity and liabilities | 10/49 | €391,109 | €373,576 | -€17,534 | -4.5% |
| Equity | 10/15 | €274,031 | €257,869 | -€16,161 | -5.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €211,790 | €211,790 | = | 0.0% |
| Distributable reserves | 133 | €211,790 | €211,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,241 | -€13,921 | -€16,161 | |
| Amounts payable | 17/49 | €117,078 | €115,706 | -€1,372 | -1.2% |
| Amounts payable after more than one year | 17 | €68,800 | €60,001 | -€8,798 | -12.8% |
| Financial debts | 170/4 | €68,800 | €60,001 | -€8,798 | -12.8% |
| Amounts payable within one year | 42/48 | €48,279 | €55,705 | +€7,426 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €8,624 | €8,798 | +€174 | +2.0% |
| Trade debts | 44 | €28,322 | €40,720 | +€12,398 | +43.8% |
| Suppliers | 440/4 | €28,322 | €40,720 | +€12,398 | +43.8% |
| Taxes, remuneration and social security | 45 | €11,332 | €6,187 | -€5,146 | -45.4% |
| Taxes | 450/3 | €5,285 | - | -€5,285 | |
| Remuneration and social security | 454/9 | €6,047 | €6,187 | +€139 | +2.3% |
| Remuneration, social security and pensions | 62 | €55,790 | €57,772 | +€1,983 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,857 | €24,483 | -€2,374 | -8.8% |
| Other operating charges | 640/8 | €2,435 | €977 | -€1,458 | -59.9% |
| Gross operating margin | 9900 | €112,840 | €68,288 | -€44,552 | -39.5% |
| Operating profit (loss) | 9901 | €27,759 | -€14,944 | -€42,703 | |
| Financial income | 75/76B | €1,716 | €2,260 | +€544 | +31.7% |
| Recurring financial income | 75 | €1,716 | €2,260 | +€544 | +31.7% |
| Financial charges | 65/66B | €1,857 | €3,006 | +€1,150 | +61.9% |
| Recurring financial charges | 65 | €1,857 | €3,006 | +€1,150 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | €27,618 | -€15,690 | -€43,308 | |
| Income taxes | 67/77 | €13,525 | €471 | -€13,054 | -96.5% |
| Profit (loss) for the period | 9904 | €14,093 | -€16,161 | -€30,255 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,093 | -€16,161 | -€30,255 |
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 6 October 2026 via checked.be.