WILVECO: 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.
WILVECO
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€76,061
up €76,061 (+218%), from €34,943 to €111,003
mainly Net result for the year (+€202,224) and Current investments (+€100,000)
- Debts after one year -€275,968
down €275,968 (-49.0%), from €562,909 to €286,942
- Reserves +€202,224
up €202,224 (+14.3%), from €1.4m to €1.6m
of which Distributable reserves: +€202,224
- Other debts +€38,483
up €38,483 (+3.9%), from €987,503 to €1.0m
- Financial income -€51,276
down €51,276 (-97.4%), from €52,640 to €1,364
- Gross operating margin +€48,208
up €48,208 (+15.6%), from €309,595 to €357,803
- Depreciation -€14,311
down €14,311 (-76.4%), from €18,737 to €4,426
- Taxes +€13,515
up €13,515 (+24.7%), from €54,765 to €68,281
- Financial charges +€6,697
up €6,697 (+8.8%), from €76,363 to €83,060
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 | €3,700,570 | €3,674,752 | -€25,818 | -0.7% |
| Fixed assets | 21/28 | €3,513,747 | €3,514,521 | +€774 | 0.0% |
| Tangible fixed assets | 22/27 | €11,106 | €11,880 | +€774 | +7.0% |
| Plant, machinery and equipment | 23 | - | €4,844 | +€4,844 | |
| Furniture and vehicles | 24 | €3,024 | €1,337 | -€1,686 | -55.8% |
| Other tangible fixed assets | 26 | €8,082 | €5,699 | -€2,383 | -29.5% |
| Financial fixed assets | 28 | €3,502,641 | €3,502,641 | = | 0.0% |
| Current assets | 29/58 | €186,823 | €160,231 | -€26,592 | -14.2% |
| Amounts receivable within one year | 40/41 | €48,555 | €46,109 | -€2,447 | -5.0% |
| Trade receivables | 40 | €46,311 | €45,980 | -€331 | -0.7% |
| Other amounts receivable | 41 | €2,244 | €129 | -€2,116 | -94.3% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €34,943 | €111,003 | +€76,061 | +218% |
| Deferred charges and accrued income | 490/1 | €3,325 | €3,119 | -€206 | -6.2% |
| Total equity and liabilities | 10/49 | €3,700,570 | €3,674,752 | -€25,818 | -0.7% |
| Equity | 10/15 | €1,804,973 | €2,007,197 | +€202,224 | +11.2% |
| Contributions | 10/11 | €390,000 | €390,000 | = | 0.0% |
| Reserves | 13 | €1,414,973 | €1,617,197 | +€202,224 | +14.3% |
| Non-distributable reserves | 130/1 | €39,000 | €39,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €39,000 | €39,000 | = | 0.0% |
| Distributable reserves | 133 | €1,375,973 | €1,578,197 | +€202,224 | +14.7% |
| Amounts payable | 17/49 | €1,895,597 | €1,667,555 | -€228,042 | -12.0% |
| Amounts payable after more than one year | 17 | €562,909 | €286,942 | -€275,968 | -49.0% |
| Financial debts | 170/4 | €562,909 | €286,942 | -€275,968 | -49.0% |
| Amounts payable within one year | 42/48 | €1,269,790 | €1,309,407 | +€39,617 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €276,454 | €275,968 | -€486 | -0.2% |
| Trade debts | 44 | €1,709 | €2,458 | +€749 | +43.8% |
| Suppliers | 440/4 | €1,709 | €2,458 | +€749 | +43.8% |
| Taxes, remuneration and social security | 45 | €4,124 | €4,995 | +€871 | +21.1% |
| Taxes | 450/3 | €4,124 | €4,995 | +€871 | +21.1% |
| Other amounts payable | 47/48 | €987,503 | €1,025,987 | +€38,483 | +3.9% |
| Accrued charges and deferred income | 492/3 | €62,898 | €71,206 | +€8,309 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,737 | €4,426 | -€14,311 | -76.4% |
| Other operating charges | 640/8 | €1,200 | €1,177 | -€22 | -1.8% |
| Gross operating margin | 9900 | €309,595 | €357,803 | +€48,208 | +15.6% |
| Operating profit (loss) | 9901 | €289,659 | €352,200 | +€62,541 | +21.6% |
| Financial income | 75/76B | €52,640 | €1,364 | -€51,276 | -97.4% |
| Recurring financial income | 75 | €52,640 | €1,364 | -€51,276 | -97.4% |
| Financial charges | 65/66B | €76,363 | €83,060 | +€6,697 | +8.8% |
| Recurring financial charges | 65 | €76,363 | €83,060 | +€6,697 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €265,936 | €270,505 | +€4,569 | +1.7% |
| Income taxes | 67/77 | €54,765 | €68,281 | +€13,515 | +24.7% |
| Profit (loss) for the period | 9904 | €211,171 | €202,224 | -€8,947 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €211,171 | €202,224 | -€8,947 | -4.2% |
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 24 October 2026 via checked.be.