D. WILLEMS: 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.
D. WILLEMS
Largest movements
- Cash +€12,380
up €12,380 (+246%), from €5,037 to €17,417
mainly Depreciation (+€12,058) and Net result for the year (+€11,110)
- Stocks and contracts +€8,000
up €8,000 (+178%), from €4,500 to €12,500
- Receivables within one year -€4,027
down €4,027 (-42.9%), from €9,392 to €5,365
of which Other amounts receivable: -€2,545
- Tangible fixed assets -€3,372
down €3,372 (-20.8%), from €16,180 to €12,808
of which Furniture and vehicles: -€3,237
- Deferred charges and accrued income -€542
down €542 (-44.5%), from €1,219 to €677
- Profit (loss) carried forward +€11,110
up €11,110, from -€5,806 to €5,304
- Trade debts +€3,164
up €3,164 (+325%), from €974 to €4,138
- Other debts -€1,834
down €1,834 (-44.1%), from €4,160 to €2,326
- Gross operating margin +€20,774
up €20,774 (+541%), from €3,837 to €24,611
- Depreciation +€604
up €604 (+5.3%), from €11,454 to €12,058
- Other operating charges +€553
up €553 (+67.8%), from €815 to €1,368
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 | €36,327 | €48,767 | +€12,440 | +34.2% |
| Fixed assets | 21/28 | €16,180 | €12,808 | -€3,372 | -20.8% |
| Tangible fixed assets | 22/27 | €16,180 | €12,808 | -€3,372 | -20.8% |
| Plant, machinery and equipment | 23 | €1,534 | €1,399 | -€134 | -8.8% |
| Furniture and vehicles | 24 | €14,646 | €11,408 | -€3,237 | -22.1% |
| Current assets | 29/58 | €20,148 | €35,960 | +€15,812 | +78.5% |
| Stocks and contracts in progress | 3 | €4,500 | €12,500 | +€8,000 | +178% |
| Stocks | 30/36 | €4,500 | €12,500 | +€8,000 | +178% |
| Amounts receivable within one year | 40/41 | €9,392 | €5,365 | -€4,027 | -42.9% |
| Trade receivables | 40 | €5,250 | €3,768 | -€1,482 | -28.2% |
| Other amounts receivable | 41 | €4,142 | €1,597 | -€2,545 | -61.4% |
| Cash at bank and in hand | 54/58 | €5,037 | €17,417 | +€12,380 | +246% |
| Deferred charges and accrued income | 490/1 | €1,219 | €677 | -€542 | -44.5% |
| Total equity and liabilities | 10/49 | €36,327 | €48,767 | +€12,440 | +34.2% |
| Equity | 10/15 | €31,194 | €42,304 | +€11,110 | +35.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,400 | €18,400 | = | 0.0% |
| Distributable reserves | 133 | €18,400 | €18,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,806 | €5,304 | +€11,110 | |
| Amounts payable | 17/49 | €5,134 | €6,463 | +€1,330 | +25.9% |
| Amounts payable within one year | 42/48 | €5,134 | €6,463 | +€1,330 | +25.9% |
| Trade debts | 44 | €974 | €4,138 | +€3,164 | +325% |
| Suppliers | 440/4 | €974 | €4,138 | +€3,164 | +325% |
| Other amounts payable | 47/48 | €4,160 | €2,326 | -€1,834 | -44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,454 | €12,058 | +€604 | +5.3% |
| Other operating charges | 640/8 | €815 | €1,368 | +€553 | +67.8% |
| Gross operating margin | 9900 | €3,837 | €24,611 | +€20,774 | +541% |
| Operating profit (loss) | 9901 | -€8,432 | €11,185 | +€19,618 | |
| Financial income | 75/76B | €39 | €0 | -€39 | -99.7% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -99.7% |
| Financial charges | 65/66B | €90 | €75 | -€15 | -16.2% |
| Recurring financial charges | 65 | €90 | €75 | -€15 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,483 | €11,110 | +€19,593 | |
| Profit (loss) for the period | 9904 | -€8,483 | €11,110 | +€19,593 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,483 | €11,110 | +€19,593 |
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 17 October 2026 via checked.be.