WILVER: 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.
WILVER
Largest movements
- Current investments -€349,927
no longer reported in 2025 (was €349,927)
- Tangible fixed assets +€174,087
up €174,087 (+10.2%), from €1.7m to €1.9m
of which Land and buildings: +€185,345
- Receivables within one year +€108,593
new in 2025: €108,593
- Profit (loss) carried forward -€86,897
down €86,897 (-202%), from -€43,063 to -€129,960
- Other debts +€57,074
up €57,074 (+19.3%), from €296,457 to €353,531
- Debts after one year -€42,379
down €42,379 (-13.6%), from €311,767 to €269,388
- Accrued charges and deferred income +€24,390
up €24,390 (+15.1%), from €161,351 to €185,741
- Reserves -€22,692
down €22,692 (-2.2%), from €1.0m to €986,155
of which Tax-exempt reserves: -€22,693
- Depreciation +€45,698
up €45,698 (+45.4%), from €100,731 to €146,429
- Financial charges +€29,760
up €29,760 (+104%), from €28,737 to €58,497
- Financial income +€7,747
up €7,747 (+2,672%), from €290 to €8,037
- Gross operating margin -€1,931
down €1,931 (-2.1%), from €92,597 to €90,666
- Other operating charges +€1,279
up €1,279 (+13.8%), from €9,269 to €10,548
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 | €2,125,947 | €2,043,680 | -€82,267 | -3.9% |
| Fixed assets | 21/28 | €1,705,346 | €1,879,433 | +€174,087 | +10.2% |
| Tangible fixed assets | 22/27 | €1,705,346 | €1,879,433 | +€174,087 | +10.2% |
| Land and buildings | 22 | €1,673,253 | €1,858,598 | +€185,345 | +11.1% |
| Plant, machinery and equipment | 23 | €6,365 | €3,934 | -€2,431 | -38.2% |
| Furniture and vehicles | 24 | €25,728 | €16,901 | -€8,827 | -34.3% |
| Current assets | 29/58 | €420,601 | €164,247 | -€256,354 | -60.9% |
| Amounts receivable within one year | 40/41 | - | €108,593 | +€108,593 | |
| Other amounts receivable | 41 | - | €108,593 | +€108,593 | |
| Current investments | 50/53 | €349,927 | - | -€349,927 | |
| Cash at bank and in hand | 54/58 | €66,441 | €50,403 | -€16,038 | -24.1% |
| Deferred charges and accrued income | 490/1 | €4,233 | €5,252 | +€1,019 | +24.1% |
| Total equity and liabilities | 10/49 | €2,125,947 | €2,043,680 | -€82,267 | -3.9% |
| Equity | 10/15 | €971,989 | €862,399 | -€109,590 | -11.3% |
| Contributions | 10/11 | €6,205 | €6,205 | +€0 | 0.0% |
| Reserves | 13 | €1,008,847 | €986,155 | -€22,692 | -2.2% |
| Tax-exempt reserves | 132 | €1,006,983 | €984,290 | -€22,693 | -2.3% |
| Distributable reserves | 133 | €1,864 | €1,864 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€43,063 | -€129,960 | -€86,897 | -202% |
| Provisions and deferred taxes | 16 | €335,661 | €328,097 | -€7,564 | -2.3% |
| Deferred taxes | 168 | €335,661 | €328,097 | -€7,564 | -2.3% |
| Amounts payable | 17/49 | €818,297 | €853,184 | +€34,887 | +4.3% |
| Amounts payable after more than one year | 17 | €311,767 | €269,388 | -€42,379 | -13.6% |
| Financial debts | 170/4 | €311,767 | €269,388 | -€42,379 | -13.6% |
| Amounts payable within one year | 42/48 | €345,179 | €398,055 | +€52,876 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €41,712 | €42,379 | +€667 | +1.6% |
| Trade debts | 44 | €6,710 | €2,144 | -€4,566 | -68.0% |
| Suppliers | 440/4 | €6,710 | €2,144 | -€4,566 | -68.0% |
| Taxes, remuneration and social security | 45 | €300 | - | -€300 | |
| Taxes | 450/3 | €300 | - | -€300 | |
| Other amounts payable | 47/48 | €296,457 | €353,531 | +€57,074 | +19.3% |
| Accrued charges and deferred income | 492/3 | €161,351 | €185,741 | +€24,390 | +15.1% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,731 | €146,429 | +€45,698 | +45.4% |
| Other operating charges | 640/8 | €9,269 | €10,548 | +€1,279 | +13.8% |
| Gross operating margin | 9900 | €92,597 | €90,666 | -€1,931 | -2.1% |
| Operating profit (loss) | 9901 | -€17,403 | -€66,311 | -€48,908 | -281% |
| Financial income | 75/76B | €290 | €8,037 | +€7,747 | +2,672% |
| Recurring financial income | 75 | €290 | €8,037 | +€7,747 | +2,672% |
| Financial charges | 65/66B | €28,737 | €58,497 | +€29,760 | +104% |
| Recurring financial charges | 65 | €28,737 | €58,497 | +€29,760 | +104% |
| Profit (loss) for the period before taxes | 9903 | -€45,850 | -€116,770 | -€70,920 | -155% |
| Transfer from deferred taxes | 780 | €1,032 | €7,564 | +€6,532 | +633% |
| Income taxes | 67/77 | €367 | €384 | +€17 | +4.7% |
| Profit (loss) for the period | 9904 | -€45,185 | -€109,590 | -€64,405 | -143% |
| Transfer from tax-exempt reserves | 789 | €3,095 | €22,693 | +€19,598 | +633% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,090 | -€86,897 | -€44,807 | -106% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.