WILVO: 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.
WILVO
Largest movements
- Tangible fixed assets +€495,955
up €495,955 (+18.1%), from €2.7m to €3.2m
of which Land and buildings: +€497,440
- Cash +€71,538
up €71,538 (+67.2%), from €106,498 to €178,036
mainly Debts after one year (+€507,917) and Depreciation (+€273,695)
- Debts after one year +€507,917
up €507,917 (+63.5%), from €800,000 to €1.3m
of which Financial debts: +€557,917
- Other debts +€248,065
up €248,065 (+18.1%), from €1.4m to €1.6m
- Reserves -€230,761
down €230,761 (-50.7%), from €455,366 to €224,605
of which Distributable reserves: -€218,739
- Gross operating margin +€170,587
up €170,587 (+48.4%), from €352,152 to €522,738
- Depreciation +€90,408
up €90,408 (+49.3%), from €183,287 to €273,695
- Taxes +€24,587
up €24,587 (+117%), from €21,104 to €45,691
- Financial income +€16,963
up €16,963 (+234%), from €7,247 to €24,210
- Financial charges +€15,919
up €15,919 (+16.2%), from €98,046 to €113,965
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 | €3,930,471 | €4,471,042 | +€540,571 | +13.8% |
| Fixed assets | 21/28 | €2,766,895 | €3,262,850 | +€495,955 | +17.9% |
| Tangible fixed assets | 22/27 | €2,742,895 | €3,238,850 | +€495,955 | +18.1% |
| Land and buildings | 22 | €2,672,177 | €3,169,616 | +€497,440 | +18.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €39,237 | €30,530 | -€8,707 | -22.2% |
| Other tangible fixed assets | 26 | €31,481 | €38,704 | +€7,222 | +22.9% |
| Financial fixed assets | 28 | €24,000 | €24,000 | = | 0.0% |
| Current assets | 29/58 | €1,163,575 | €1,208,191 | +€44,616 | +3.8% |
| Amounts receivable within one year | 40/41 | €381,142 | €392,821 | +€11,679 | +3.1% |
| Trade receivables | 40 | €132,364 | €132,364 | = | 0.0% |
| Other amounts receivable | 41 | €248,778 | €260,457 | +€11,679 | +4.7% |
| Cash at bank and in hand | 54/58 | €106,498 | €178,036 | +€71,538 | +67.2% |
| Deferred charges and accrued income | 490/1 | €675,935 | €637,334 | -€38,600 | -5.7% |
| Total equity and liabilities | 10/49 | €3,930,471 | €4,471,042 | +€540,571 | +13.8% |
| Equity | 10/15 | €1,056,726 | €825,965 | -€230,761 | -21.8% |
| Contributions | 10/11 | €601,360 | €601,360 | = | 0.0% |
| Capital | 10 | €601,360 | €601,360 | = | 0.0% |
| Issued capital | 100 | €601,360 | €601,360 | = | 0.0% |
| Reserves | 13 | €455,366 | €224,605 | -€230,761 | -50.7% |
| Non-distributable reserves | 130/1 | €48,491 | €53,491 | +€5,000 | +10.3% |
| Legal reserve | 130 | €48,491 | €53,491 | +€5,000 | +10.3% |
| Tax-exempt reserves | 132 | €70,979 | €53,957 | -€17,022 | -24.0% |
| Distributable reserves | 133 | €335,896 | €117,157 | -€218,739 | -65.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €23,660 | €17,986 | -€5,674 | -24.0% |
| Deferred taxes | 168 | €23,660 | €17,986 | -€5,674 | -24.0% |
| Amounts payable | 17/49 | €2,850,085 | €3,627,091 | +€777,006 | +27.3% |
| Amounts payable after more than one year | 17 | €800,000 | €1,307,917 | +€507,917 | +63.5% |
| Financial debts | 170/4 | €0 | €557,917 | +€557,917 | |
| Other amounts payable | 178/9 | €800,000 | €750,000 | -€50,000 | -6.3% |
| Amounts payable within one year | 42/48 | €1,921,789 | €2,159,968 | +€238,179 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €33,401 | €65,427 | +€32,026 | +95.9% |
| Trade debts | 44 | €509,135 | €466,444 | -€42,690 | -8.4% |
| Suppliers | 440/4 | €509,135 | €466,444 | -€42,690 | -8.4% |
| Taxes, remuneration and social security | 45 | €5,746 | €6,524 | +€778 | +13.5% |
| Taxes | 450/3 | €5,746 | €6,524 | +€778 | +13.5% |
| Other amounts payable | 47/48 | €1,373,508 | €1,621,573 | +€248,065 | +18.1% |
| Accrued charges and deferred income | 492/3 | €128,296 | €159,207 | +€30,910 | +24.1% |
| Non-recurring operating income | 76A | €7,222 | €7,366 | +€144 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,287 | €273,695 | +€90,408 | +49.3% |
| Other operating charges | 640/8 | €31,431 | €43,793 | +€12,362 | +39.3% |
| Non-recurring operating charges | 66A | €3,430 | €0 | -€3,430 | -100% |
| Gross operating margin | 9900 | €352,152 | €522,738 | +€170,587 | +48.4% |
| Operating profit (loss) | 9901 | €134,004 | €205,251 | +€71,246 | +53.2% |
| Financial income | 75/76B | €7,247 | €24,210 | +€16,963 | +234% |
| Recurring financial income | 75 | €7,247 | €24,210 | +€16,963 | +234% |
| Financial charges | 65/66B | €98,046 | €113,965 | +€15,919 | +16.2% |
| Recurring financial charges | 65 | €98,046 | €113,965 | +€15,919 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €43,206 | €115,496 | +€72,290 | +167% |
| Transfer from deferred taxes | 780 | €5,674 | €5,674 | = | 0.0% |
| Income taxes | 67/77 | €21,104 | €45,691 | +€24,587 | +117% |
| Profit (loss) for the period | 9904 | €27,776 | €75,479 | +€47,703 | +172% |
| Transfer from tax-exempt reserves | 789 | €17,022 | €17,022 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,798 | €92,501 | +€47,703 | +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 30 October 2026 via checked.be.