Ateliers WILLEMS: what changed
What changed
Ateliers WILLEMS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€33,587
2024 · €69,280-€35,694
Equity
€634,503
2024 · €600,916+€33,587
Cash
€95,815
2024 · €92,015+€3,800
Balance sheet total
€1.4m
2024 · €1.5m-€47,899
Largest movements
Assets
- Tangible fixed assets -€59,636
down €59,636 (-5.8%), from €1.0m to €971,587
of which Land and buildings: -€56,590
- Stocks and contracts +€25,666
up €25,666 (+8.9%), from €288,148 to €313,814
Equity and liabilities
- Debts after one year -€68,806
down €68,806 (-10.4%), from €663,154 to €594,349
of which Financial debts: -€68,806
- Reserves +€25,000
up €25,000 (+17.9%), from €140,000 to €165,000
- Trade debts -€15,566
down €15,566 (-29.1%), from €53,540 to €37,974
Income statement
- Gross operating margin -€28,736
down €28,736 (-7.2%), from €399,488 to €370,752
- Staff costs +€17,476
up €17,476 (+7.7%), from €227,990 to €245,466
- Taxes -€4,265
down €4,265 (-25.5%), from €16,715 to €12,449
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€69,280
Gross operating margin
-€28,736
Staff costs
-€17,476
Depreciation
+€1,320
Other operating charges
+€3,436
Financial income
-€39
Financial charges
+€1,536
Taxes
+€4,265
Result 2025
€33,587
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€67,179
Investment
€0
Financing
-€63,379
Cash 2024
€92,015
From operations (derived)
+€67,179
Net result for the year
+€33,587
Depreciation
+€59,636
Stocks and contracts
-€25,666
Receivables within one year
+€5,294
Deferred charges and accrued income
+€12,435
Trade debts
-€15,566
Tax, wage and social debts
+€410
Advances received
+€2,691
Other debts
-€7,592
Accrued charges and deferred income
+€1,951
Financing
-€63,379
Debts after one year
-€68,806
Current portion of long-term debt
+€5,426
Cash 2025
€95,815
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,458,748 | €1,410,849 | -€47,899 | -3.3% |
| Fixed assets | 21/28 | €1,031,223 | €971,587 | -€59,636 | -5.8% |
| Tangible fixed assets | 22/27 | €1,031,223 | €971,587 | -€59,636 | -5.8% |
| Land and buildings | 22 | €1,019,083 | €962,493 | -€56,590 | -5.6% |
| Plant, machinery and equipment | 23 | €12,140 | €9,094 | -€3,046 | -25.1% |
| Current assets | 29/58 | €427,525 | €439,262 | +€11,737 | +2.7% |
| Stocks and contracts in progress | 3 | €288,148 | €313,814 | +€25,666 | +8.9% |
| Stocks | 30/36 | €288,148 | €313,814 | +€25,666 | +8.9% |
| Amounts receivable within one year | 40/41 | €31,585 | €26,290 | -€5,294 | -16.8% |
| Trade receivables | 40 | €27,177 | €21,290 | -€5,887 | -21.7% |
| Other amounts receivable | 41 | €4,408 | €5,000 | +€592 | +13.4% |
| Cash at bank and in hand | 54/58 | €92,015 | €95,815 | +€3,800 | +4.1% |
| Deferred charges and accrued income | 490/1 | €15,778 | €3,343 | -€12,435 | -78.8% |
| Total equity and liabilities | 10/49 | €1,458,748 | €1,410,849 | -€47,899 | -3.3% |
| Equity | 10/15 | €600,916 | €634,503 | +€33,587 | +5.6% |
| Contributions | 10/11 | €78,219 | €78,219 | = | 0.0% |
| Reserves | 13 | €140,000 | €165,000 | +€25,000 | +17.9% |
| Distributable reserves | 133 | €140,000 | €165,000 | +€25,000 | +17.9% |
| Profit (loss) carried forward | 14 | €382,698 | €391,284 | +€8,587 | +2.2% |
| Amounts payable | 17/49 | €857,832 | €776,346 | -€81,486 | -9.5% |
| Amounts payable after more than one year | 17 | €663,154 | €594,349 | -€68,806 | -10.4% |
| Financial debts | 170/4 | €623,154 | €554,349 | -€68,806 | -11.0% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €193,796 | €179,165 | -€14,631 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €67,379 | €72,806 | +€5,426 | +8.1% |
| Trade debts | 44 | €53,540 | €37,974 | -€15,566 | -29.1% |
| Suppliers | 440/4 | €53,540 | €37,974 | -€15,566 | -29.1% |
| Advances received on contracts in progress | 46 | €893 | €3,583 | +€2,691 | +301% |
| Taxes, remuneration and social security | 45 | €42,519 | €42,929 | +€410 | +1.0% |
| Taxes | 450/3 | €13,895 | €19,842 | +€5,947 | +42.8% |
| Remuneration and social security | 454/9 | €28,624 | €23,087 | -€5,537 | -19.3% |
| Other amounts payable | 47/48 | €29,465 | €21,874 | -€7,592 | -25.8% |
| Accrued charges and deferred income | 492/3 | €881 | €2,832 | +€1,951 | +222% |
| Remuneration, social security and pensions | 62 | €227,990 | €245,466 | +€17,476 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,956 | €59,636 | -€1,320 | -2.2% |
| Other operating charges | 640/8 | €9,829 | €6,393 | -€3,436 | -35.0% |
| Gross operating margin | 9900 | €399,488 | €370,752 | -€28,736 | -7.2% |
| Operating profit (loss) | 9901 | €100,714 | €59,258 | -€41,456 | -41.2% |
| Financial income | 75/76B | €1,339 | €1,300 | -€39 | -2.9% |
| Recurring financial income | 75 | €1,339 | €1,300 | -€39 | -2.9% |
| Financial charges | 65/66B | €16,058 | €14,522 | -€1,536 | -9.6% |
| Recurring financial charges | 65 | €16,058 | €14,522 | -€1,536 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €85,995 | €46,036 | -€39,959 | -46.5% |
| Income taxes | 67/77 | €16,715 | €12,449 | -€4,265 | -25.5% |
| Profit (loss) for the period | 9904 | €69,280 | €33,587 | -€35,694 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,280 | €33,587 | -€35,694 | -51.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.