Dr. W. Willekens: what changed
What changed
Dr. W. Willekens
filed annual accounts (NBB)
Net result for the year
€83,651
2024 · €82,030+€1,622
Equity
€245,729
2024 · €162,078+€83,651
Cash
€220,898
2024 · €161,791+€59,108
Balance sheet total
€255,029
2024 · €174,606+€80,423
Largest movements
Assets
- Cash +€59,108
up €59,108 (+36.5%), from €161,791 to €220,898
mainly Net result for the year (+€83,651) and Depreciation (+€789)
- Current investments +€17,688
up €17,688 (+177%), from €10,000 to €27,688
Equity and liabilities
- Reserves +€83,651
up €83,651 (+52.4%), from €159,578 to €243,229
- Other debts -€2,633
down €2,633 (-28.9%), from €9,116 to €6,483
Income statement
- Gross operating margin +€3,055
up €3,055 (+2.9%), from €105,528 to €108,582
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
€82,030
Gross operating margin
+€3,055
Depreciation
+€0
Other operating charges
-€532
Financial income
+€235
Financial charges
-€316
Taxes
-€820
Result 2025
€83,651
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
+€76,796
Investment
-€17,688
Financing
€0
Cash 2024
€161,791
From operations (derived)
+€76,796
Net result for the year
+€83,651
Depreciation
+€789
Receivables within one year
-€2,025
Deferred charges and accrued income
-€2,390
Trade debts
-€176
Tax, wage and social debts
-€420
Other debts
-€2,633
Investment (derived)
-€17,688
Current investments
-€17,688
Cash 2025
€220,898
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,606 | €255,029 | +€80,423 | +46.1% |
| Fixed assets | 21/28 | €2,119 | €1,331 | -€789 | -37.2% |
| Tangible fixed assets | 22/27 | €2,119 | €1,331 | -€789 | -37.2% |
| Plant, machinery and equipment | 23 | €760 | €331 | -€429 | -56.4% |
| Furniture and vehicles | 24 | €1,359 | €1,000 | -€360 | -26.5% |
| Current assets | 29/58 | €172,487 | €253,698 | +€81,211 | +47.1% |
| Amounts receivable within one year | 40/41 | - | €2,025 | +€2,025 | |
| Other amounts receivable | 41 | - | €2,025 | +€2,025 | |
| Current investments | 50/53 | €10,000 | €27,688 | +€17,688 | +177% |
| Cash at bank and in hand | 54/58 | €161,791 | €220,898 | +€59,108 | +36.5% |
| Deferred charges and accrued income | 490/1 | €696 | €3,086 | +€2,390 | +343% |
| Total equity and liabilities | 10/49 | €174,606 | €255,029 | +€80,423 | +46.1% |
| Equity | 10/15 | €162,078 | €245,729 | +€83,651 | +51.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €159,578 | €243,229 | +€83,651 | +52.4% |
| Distributable reserves | 133 | €159,578 | €243,229 | +€83,651 | +52.4% |
| Amounts payable | 17/49 | €12,528 | €9,299 | -€3,229 | -25.8% |
| Amounts payable within one year | 42/48 | €12,528 | €9,299 | -€3,229 | -25.8% |
| Trade debts | 44 | €176 | €0 | -€176 | -100% |
| Suppliers | 440/4 | €176 | €0 | -€176 | -100% |
| Taxes, remuneration and social security | 45 | €3,236 | €2,816 | -€420 | -13.0% |
| Taxes | 450/3 | €3,236 | €2,816 | -€420 | -13.0% |
| Other amounts payable | 47/48 | €9,116 | €6,483 | -€2,633 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €789 | €789 | -€0 | 0.0% |
| Other operating charges | 640/8 | €440 | €972 | +€532 | +121% |
| Gross operating margin | 9900 | €105,528 | €108,582 | +€3,055 | +2.9% |
| Operating profit (loss) | 9901 | €104,299 | €106,821 | +€2,523 | +2.4% |
| Financial income | 75/76B | - | €235 | +€235 | |
| Recurring financial income | 75 | - | €235 | +€235 | |
| Financial charges | 65/66B | €44 | €359 | +€316 | +726% |
| Recurring financial charges | 65 | €44 | €359 | +€316 | +726% |
| Profit (loss) for the period before taxes | 9903 | €104,255 | €106,697 | +€2,442 | +2.3% |
| Income taxes | 67/77 | €22,226 | €23,046 | +€820 | +3.7% |
| Profit (loss) for the period | 9904 | €82,030 | €83,651 | +€1,622 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,030 | €83,651 | +€1,622 | +2.0% |
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 5 November 2026 via checked.be.