IMMO WILLEKENS: 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.
IMMO WILLEKENS
Largest movements
- Cash +€41,574
up €41,574 (+15.7%), from €264,327 to €305,900
mainly Net result for the year (+€22,617) and Trade debts (+€6,320)
- Reserves +€22,617
up €22,617 (+7.0%), from €322,767 to €345,384
of which Distributable reserves: +€22,617
- Trade debts +€6,320
up €6,320 (+3,927%), from €161 to €6,481
- Gross operating margin +€5,277
up €5,277 (+12.7%), from €41,497 to €46,775
- Taxes +€3,077
up €3,077 (+62.7%), from €4,906 to €7,983
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 | €532,928 | €564,515 | +€31,587 | +5.9% |
| Fixed assets | 21/28 | €259,801 | €254,915 | -€4,886 | -1.9% |
| Tangible fixed assets | 22/27 | €259,801 | €254,915 | -€4,886 | -1.9% |
| Land and buildings | 22 | €259,801 | €254,915 | -€4,886 | -1.9% |
| Current assets | 29/58 | €273,127 | €309,600 | +€36,474 | +13.4% |
| Amounts receivable within one year | 40/41 | €8,800 | €3,700 | -€5,100 | -58.0% |
| Other amounts receivable | 41 | €8,800 | €3,700 | -€5,100 | -58.0% |
| Cash at bank and in hand | 54/58 | €264,327 | €305,900 | +€41,574 | +15.7% |
| Total equity and liabilities | 10/49 | €532,928 | €564,515 | +€31,587 | +5.9% |
| Equity | 10/15 | €532,767 | €555,384 | +€22,617 | +4.2% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Capital | 10 | €210,000 | €210,000 | = | 0.0% |
| Issued capital | 100 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €322,767 | €345,384 | +€22,617 | +7.0% |
| Non-distributable reserves | 130/1 | €21,000 | €21,000 | = | 0.0% |
| Legal reserve | 130 | €21,000 | €21,000 | = | 0.0% |
| Distributable reserves | 133 | €301,767 | €324,384 | +€22,617 | +7.5% |
| Amounts payable | 17/49 | €161 | €9,131 | +€8,970 | +5,573% |
| Amounts payable within one year | 42/48 | €161 | €9,131 | +€8,970 | +5,573% |
| Trade debts | 44 | €161 | €6,481 | +€6,320 | +3,927% |
| Suppliers | 440/4 | €161 | €6,481 | +€6,320 | +3,927% |
| Taxes, remuneration and social security | 45 | - | €2,650 | +€2,650 | |
| Taxes | 450/3 | - | €2,650 | +€2,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,886 | €4,886 | = | 0.0% |
| Other operating charges | 640/8 | €10,310 | €10,634 | +€324 | +3.1% |
| Non-recurring operating charges | 66A | €4,942 | €622 | -€4,319 | -87.4% |
| Gross operating margin | 9900 | €41,497 | €46,775 | +€5,277 | +12.7% |
| Operating profit (loss) | 9901 | €21,359 | €30,632 | +€9,272 | +43.4% |
| Financial charges | 65/66B | €29 | €31 | +€3 | +10.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Non-recurring financial charges | 66B | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | €21,331 | €30,600 | +€9,269 | +43.5% |
| Income taxes | 67/77 | €4,906 | €7,983 | +€3,077 | +62.7% |
| Profit (loss) for the period | 9904 | €16,425 | €22,617 | +€6,193 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,425 | €22,617 | +€6,193 | +37.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.