GROEP WILLAERT: 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.
GROEP WILLAERT
Largest movements
- Cash +€428,603
up €428,603 (+951%), from €45,083 to €473,686
mainly Receivables within one year (+€213,238) and Investment in fixed assets (net) (+€185,094)
- Receivables within one year -€213,238
down €213,238 (-35.3%), from €604,287 to €391,049
of which Other amounts receivable: -€200,404
- Financial fixed assets -€189,226
down €189,226 (-19.4%), from €974,266 to €785,040
- Tangible fixed assets -€23,612
down €23,612 (-3.9%), from €608,590 to €584,978
of which Land and buildings: -€24,598
- Reserves +€80,369
up €80,369 (+4.8%), from €1.7m to €1.8m
of which Distributable reserves: +€86,370
- Debts after one year -€48,954
down €48,954 (-13.7%), from €358,147 to €309,193
- Gross operating margin -€15,517
down €15,517 (-9.0%), from €173,014 to €157,497
- Taxes -€15,377
down €15,377 (-35.1%), from €43,750 to €28,373
- Financial income -€6,067
down €6,067 (-96.4%), from €6,294 to €227
- Financial charges +€5,736
up €5,736 (+42.8%), from €13,415 to €19,152
of which Non-recurring financial charges: +€4,999
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 | €2,234,559 | €2,235,753 | +€1,193 | +0.1% |
| Fixed assets | 21/28 | €1,582,856 | €1,370,018 | -€212,838 | -13.4% |
| Tangible fixed assets | 22/27 | €608,590 | €584,978 | -€23,612 | -3.9% |
| Land and buildings | 22 | €587,434 | €562,836 | -€24,598 | -4.2% |
| Furniture and vehicles | 24 | €21,156 | €22,142 | +€986 | +4.7% |
| Financial fixed assets | 28 | €974,266 | €785,040 | -€189,226 | -19.4% |
| Current assets | 29/58 | €651,703 | €865,735 | +€214,032 | +32.8% |
| Amounts receivable within one year | 40/41 | €604,287 | €391,049 | -€213,238 | -35.3% |
| Trade receivables | 40 | €39,384 | €26,550 | -€12,834 | -32.6% |
| Other amounts receivable | 41 | €564,903 | €364,499 | -€200,404 | -35.5% |
| Cash at bank and in hand | 54/58 | €45,083 | €473,686 | +€428,603 | +951% |
| Deferred charges and accrued income | 490/1 | €2,333 | €1,000 | -€1,333 | -57.1% |
| Total equity and liabilities | 10/49 | €2,234,559 | €2,235,753 | +€1,193 | +0.1% |
| Equity | 10/15 | €1,701,270 | €1,781,639 | +€80,369 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,682,670 | €1,763,039 | +€80,369 | +4.8% |
| Tax-exempt reserves | 132 | €123,392 | €117,391 | -€6,001 | -4.9% |
| Distributable reserves | 133 | €1,559,278 | €1,645,647 | +€86,370 | +5.5% |
| Provisions and deferred taxes | 16 | €47,110 | €44,819 | -€2,291 | -4.9% |
| Deferred taxes | 168 | €47,110 | €44,819 | -€2,291 | -4.9% |
| Amounts payable | 17/49 | €486,180 | €409,296 | -€76,884 | -15.8% |
| Amounts payable after more than one year | 17 | €358,147 | €309,193 | -€48,954 | -13.7% |
| Financial debts | 170/4 | €358,147 | €309,193 | -€48,954 | -13.7% |
| Amounts payable within one year | 42/48 | €128,033 | €100,103 | -€27,931 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €57,766 | €49,096 | -€8,670 | -15.0% |
| Trade debts | 44 | €15,074 | €16,565 | +€1,491 | +9.9% |
| Suppliers | 440/4 | €15,074 | €16,565 | +€1,491 | +9.9% |
| Taxes, remuneration and social security | 45 | €43,652 | €28,305 | -€15,347 | -35.2% |
| Taxes | 450/3 | €43,652 | €28,305 | -€15,347 | -35.2% |
| Other amounts payable | 47/48 | €11,541 | €6,136 | -€5,405 | -46.8% |
| Non-recurring operating income | 76A | €97,970 | €89,697 | -€8,274 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,642 | €27,745 | -€897 | -3.1% |
| Other operating charges | 640/8 | €4,465 | €4,376 | -€89 | -2.0% |
| Gross operating margin | 9900 | €173,014 | €157,497 | -€15,517 | -9.0% |
| Operating profit (loss) | 9901 | €139,907 | €125,376 | -€14,531 | -10.4% |
| Financial income | 75/76B | €6,294 | €227 | -€6,067 | -96.4% |
| Recurring financial income | 75 | €6,294 | €227 | -€6,067 | -96.4% |
| Financial charges | 65/66B | €13,415 | €19,152 | +€5,736 | +42.8% |
| Recurring financial charges | 65 | €13,415 | €14,153 | +€737 | +5.5% |
| Non-recurring financial charges | 66B | - | €4,999 | +€4,999 | |
| Profit (loss) for the period before taxes | 9903 | €132,785 | €106,451 | -€26,334 | -19.8% |
| Transfer from deferred taxes | 780 | €2,297 | €2,291 | -€6 | -0.3% |
| Income taxes | 67/77 | €43,750 | €28,373 | -€15,377 | -35.1% |
| Profit (loss) for the period | 9904 | €91,333 | €80,369 | -€10,964 | -12.0% |
| Transfer from tax-exempt reserves | 789 | €6,017 | €6,001 | -€16 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €97,350 | €86,370 | -€10,980 | -11.3% |
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 29 October 2026 via checked.be.