WILVAN: 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.
WILVAN
Largest movements
- Tangible fixed assets -€18,464
down €18,464 (-52.3%), from €35,299 to €16,835
- Cash -€8,763
down €8,763 (-97.4%), from €9,000 to €237
- Receivables within one year +€1,078
up €1,078 (+38.1%), from €2,831 to €3,909
of which Trade receivables: +€1,306
- Debts after one year -€11,418
down €11,418 (-100.0%), from €11,418 to €0
- Profit (loss) carried forward -€8,723
down €8,723, from €1,523 to -€7,201
- Current portion of long-term debt -€6,428
down €6,428 (-100.0%), from €6,428 to €0
- Depreciation -€2,915
down €2,915 (-30.2%), from €9,637 to €6,723
- Financial charges -€660
down €660 (-56.9%), from €1,160 to €500
- Financial income +€464
up €464, from €0 to €464
- Gross operating margin +€326
up €326 (+3.5%), from €9,245 to €9,571
- Other operating charges +€230
up €230 (+26.0%), from €884 to €1,114
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,355 | €21,910 | -€26,444 | -54.7% |
| Fixed assets | 21/28 | €35,299 | €16,835 | -€18,464 | -52.3% |
| Tangible fixed assets | 22/27 | €35,299 | €16,835 | -€18,464 | -52.3% |
| Furniture and vehicles | 24 | €35,299 | €16,835 | -€18,464 | -52.3% |
| Current assets | 29/58 | €13,055 | €5,075 | -€7,980 | -61.1% |
| Amounts receivable within one year | 40/41 | €2,831 | €3,909 | +€1,078 | +38.1% |
| Trade receivables | 40 | €2,602 | €3,909 | +€1,306 | +50.2% |
| Other amounts receivable | 41 | €229 | - | -€229 | |
| Cash at bank and in hand | 54/58 | €9,000 | €237 | -€8,763 | -97.4% |
| Deferred charges and accrued income | 490/1 | €1,224 | €929 | -€295 | -24.1% |
| Total equity and liabilities | 10/49 | €48,355 | €21,910 | -€26,444 | -54.7% |
| Equity | 10/15 | €27,810 | €19,087 | -€8,723 | -31.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,695 | €7,695 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €5,836 | €5,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,523 | -€7,201 | -€8,723 | |
| Amounts payable | 17/49 | €20,545 | €2,824 | -€17,721 | -86.3% |
| Amounts payable after more than one year | 17 | €11,418 | €0 | -€11,418 | -100.0% |
| Financial debts | 170/4 | €11,418 | €0 | -€11,418 | -100.0% |
| Amounts payable within one year | 42/48 | €9,126 | €2,824 | -€6,303 | -69.1% |
| Current portion of amounts payable after more than one year | 42 | €6,428 | €0 | -€6,428 | -100.0% |
| Trade debts | 44 | €1,740 | €1,508 | -€232 | -13.4% |
| Suppliers | 440/4 | €1,740 | €1,508 | -€232 | -13.4% |
| Taxes, remuneration and social security | 45 | €958 | €1,316 | +€357 | +37.3% |
| Taxes | 450/3 | €639 | €1,316 | +€677 | +106.0% |
| Remuneration and social security | 454/9 | €320 | - | -€320 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,637 | €6,723 | -€2,915 | -30.2% |
| Other operating charges | 640/8 | €884 | €1,114 | +€230 | +26.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €9,245 | €9,571 | +€326 | +3.5% |
| Operating profit (loss) | 9901 | -€1,277 | €1,734 | +€3,011 | |
| Financial income | 75/76B | €0 | €464 | +€464 | |
| Recurring financial income | 75 | €0 | €464 | +€464 | |
| Financial charges | 65/66B | €1,160 | €500 | -€660 | -56.9% |
| Recurring financial charges | 65 | €1,160 | €500 | -€660 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,437 | €1,698 | +€4,135 | |
| Income taxes | 67/77 | €329 | €310 | -€19 | -5.7% |
| Profit (loss) for the period | 9904 | -€2,765 | €1,388 | +€4,154 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,765 | €1,388 | +€4,154 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.