DR. WILLEKENS: what changed
What changed
DR. WILLEKENS
filed annual accounts (NBB)
Net result for the year
€41,262
2024 · €42,884-€1,621
Equity
€1.2m
2024 · €1.2m+€41,262
Cash
€749,246
2024 · €718,010+€31,236
Balance sheet total
€1.2m
2024 · €1.2m+€36,437
Largest movements
Assets
- Cash +€31,236
up €31,236 (+4.4%), from €718,010 to €749,246
mainly Net result for the year (+€41,262) and Tax, wage and social debts (+€3,971)
Equity and liabilities
- Reserves +€41,262
up €41,262 (+8.4%), from €489,039 to €530,302
of which Distributable reserves: +€41,262
Income statement
- Taxes +€3,732
up €3,732 (+20.5%), from €18,239 to €21,971
- Financial income +€2,625
up €2,625 (+18.1%), from €14,474 to €17,099
- Financial charges +€1,577
up €1,577 (+1,573%), from €100 to €1,677
- Depreciation -€740
down €740 (-28.2%), from €2,621 to €1,881
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
€42,884
Gross operating margin
+€439
Depreciation
+€740
Other operating charges
-€117
Financial income
+€2,625
Financial charges
-€1,577
Taxes
-€3,732
Result 2025
€41,262
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
+€32,795
Investment
-€1,560
Financing
€0
Cash 2024
€718,010
From operations (derived)
+€32,795
Net result for the year
+€41,262
Depreciation
+€1,881
Receivables within one year
-€5,380
Deferred charges and accrued income
-€143
Trade debts
-€3,058
Tax, wage and social debts
+€3,971
Other debts
-€5,738
Investment (derived)
-€1,560
Investment in fixed assets (net)
-€1,560
Cash 2025
€749,246
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,201,806 | €1,238,244 | +€36,437 | +3.0% |
| Fixed assets | 21/28 | €99,761 | €99,439 | -€321 | -0.3% |
| Tangible fixed assets | 22/27 | €99,761 | €99,439 | -€321 | -0.3% |
| Plant, machinery and equipment | 23 | €14,493 | €14,304 | -€189 | -1.3% |
| Furniture and vehicles | 24 | €7,013 | €6,881 | -€132 | -1.9% |
| Other tangible fixed assets | 26 | €78,255 | €78,255 | = | 0.0% |
| Current assets | 29/58 | €1,102,045 | €1,138,804 | +€36,759 | +3.3% |
| Amounts receivable after more than one year | 29 | €379,973 | €379,973 | = | 0.0% |
| Other amounts receivable | 291 | €379,973 | €379,973 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,410 | €6,790 | +€5,380 | +382% |
| Trade receivables | 40 | €230 | €0 | -€230 | -100% |
| Other amounts receivable | 41 | €1,180 | €6,790 | +€5,610 | +476% |
| Cash at bank and in hand | 54/58 | €718,010 | €749,246 | +€31,236 | +4.4% |
| Deferred charges and accrued income | 490/1 | €2,653 | €2,796 | +€143 | +5.4% |
| Total equity and liabilities | 10/49 | €1,201,806 | €1,238,244 | +€36,437 | +3.0% |
| Equity | 10/15 | €1,170,922 | €1,212,185 | +€41,262 | +3.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €489,039 | €530,302 | +€41,262 | +8.4% |
| Non-distributable reserves | 130/1 | €69,281 | €69,281 | = | 0.0% |
| Reserves not available under the articles | 1311 | €69,281 | €69,281 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,379 | €2,379 | = | 0.0% |
| Distributable reserves | 133 | €417,380 | €458,642 | +€41,262 | +9.9% |
| Profit (loss) carried forward | 14 | €663,291 | €663,291 | = | 0.0% |
| Amounts payable | 17/49 | €30,884 | €26,059 | -€4,825 | -15.6% |
| Amounts payable within one year | 42/48 | €30,884 | €26,059 | -€4,825 | -15.6% |
| Trade debts | 44 | €4,035 | €977 | -€3,058 | -75.8% |
| Suppliers | 440/4 | €4,035 | €977 | -€3,058 | -75.8% |
| Taxes, remuneration and social security | 45 | €18,239 | €22,210 | +€3,971 | +21.8% |
| Taxes | 450/3 | €18,239 | €22,210 | +€3,971 | +21.8% |
| Other amounts payable | 47/48 | €8,610 | €2,872 | -€5,738 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,621 | €1,881 | -€740 | -28.2% |
| Other operating charges | 640/8 | €1,718 | €1,834 | +€117 | +6.8% |
| Gross operating margin | 9900 | €51,089 | €51,527 | +€439 | +0.9% |
| Operating profit (loss) | 9901 | €46,750 | €47,812 | +€1,062 | +2.3% |
| Financial income | 75/76B | €14,474 | €17,099 | +€2,625 | +18.1% |
| Recurring financial income | 75 | €14,474 | €17,099 | +€2,625 | +18.1% |
| Financial charges | 65/66B | €100 | €1,677 | +€1,577 | +1,573% |
| Recurring financial charges | 65 | €100 | €1,677 | +€1,577 | +1,573% |
| Profit (loss) for the period before taxes | 9903 | €61,123 | €63,234 | +€2,110 | +3.5% |
| Income taxes | 67/77 | €18,239 | €21,971 | +€3,732 | +20.5% |
| Profit (loss) for the period | 9904 | €42,884 | €41,262 | -€1,621 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,884 | €41,262 | -€1,621 | -3.8% |
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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 2 November 2026 via checked.be.