JAN 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.
JAN WILLEMS
Largest movements
- Tangible fixed assets +€217,058
up €217,058 (+80.9%), from €268,302 to €485,360
of which Land and buildings: +€228,878
- Cash -€92,688
down €92,688 (-70.8%), from €130,999 to €38,310
mainly Investment in fixed assets (net) (-€272,067) and Contributions, distributions and other (-€216,870)
- Other debts +€273,017
up €273,017 (+36,708%), from €744 to €273,761
- Profit (loss) carried forward -€89,053
no longer reported in 2025 (was €89,053)
- Tax, wage and social debts -€24,636
down €24,636 (-57.2%), from €43,083 to €18,447
- Trade debts -€20,028
down €20,028 (-63.9%), from €31,336 to €11,308
- Debts after one year -€13,908
down €13,908 (-51.9%), from €26,799 to €12,892
- Gross operating margin +€31,770
up €31,770 (+16.6%), from €191,960 to €223,731
- Depreciation -€22,513
down €22,513 (-29.0%), from €77,522 to €55,009
- Taxes +€12,853
up €12,853 (+53.4%), from €24,054 to €36,907
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 | €425,863 | €555,130 | +€129,267 | +30.4% |
| Fixed assets | 21/28 | €268,302 | €485,360 | +€217,058 | +80.9% |
| Tangible fixed assets | 22/27 | €268,302 | €485,360 | +€217,058 | +80.9% |
| Land and buildings | 22 | €224,595 | €453,473 | +€228,878 | +102% |
| Plant, machinery and equipment | 23 | - | €2,554 | +€2,554 | |
| Furniture and vehicles | 24 | €43,707 | €29,333 | -€14,373 | -32.9% |
| Current assets | 29/58 | €157,561 | €69,769 | -€87,792 | -55.7% |
| Amounts receivable within one year | 40/41 | €22,096 | €27,392 | +€5,296 | +24.0% |
| Trade receivables | 40 | €22,096 | €24,299 | +€2,203 | +10.0% |
| Other amounts receivable | 41 | - | €3,093 | +€3,093 | |
| Cash at bank and in hand | 54/58 | €130,999 | €38,310 | -€92,688 | -70.8% |
| Deferred charges and accrued income | 490/1 | €4,466 | €4,067 | -€399 | -8.9% |
| Total equity and liabilities | 10/49 | €425,863 | €555,130 | +€129,267 | +30.4% |
| Equity | 10/15 | €307,301 | €218,248 | -€89,053 | -29.0% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €218,128 | €218,128 | = | 0.0% |
| Distributable reserves | 133 | €218,128 | €218,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,053 | - | -€89,053 | |
| Amounts payable | 17/49 | €118,562 | €336,882 | +€218,320 | +184% |
| Amounts payable after more than one year | 17 | €26,799 | €12,892 | -€13,908 | -51.9% |
| Financial debts | 170/4 | €26,799 | €12,892 | -€13,908 | -51.9% |
| Amounts payable within one year | 42/48 | €88,910 | €317,424 | +€228,514 | +257% |
| Current portion of amounts payable after more than one year | 42 | €13,747 | €13,908 | +€161 | +1.2% |
| Trade debts | 44 | €31,336 | €11,308 | -€20,028 | -63.9% |
| Suppliers | 440/4 | €31,336 | €11,308 | -€20,028 | -63.9% |
| Taxes, remuneration and social security | 45 | €43,083 | €18,447 | -€24,636 | -57.2% |
| Taxes | 450/3 | €43,083 | €18,447 | -€24,636 | -57.2% |
| Other amounts payable | 47/48 | €744 | €273,761 | +€273,017 | +36,708% |
| Accrued charges and deferred income | 492/3 | €2,854 | €6,567 | +€3,713 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,522 | €55,009 | -€22,513 | -29.0% |
| Other operating charges | 640/8 | €425 | €884 | +€459 | +108% |
| Gross operating margin | 9900 | €191,960 | €223,731 | +€31,770 | +16.6% |
| Operating profit (loss) | 9901 | €114,013 | €167,838 | +€53,825 | +47.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €906 | €3,114 | +€2,208 | +244% |
| Recurring financial charges | 65 | €906 | €3,114 | +€2,208 | +244% |
| Profit (loss) for the period before taxes | 9903 | €113,108 | €164,724 | +€51,616 | +45.6% |
| Income taxes | 67/77 | €24,054 | €36,907 | +€12,853 | +53.4% |
| Profit (loss) for the period | 9904 | €89,053 | €127,817 | +€38,764 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,053 | €127,817 | +€38,764 | +43.5% |
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 24 October 2026 via checked.be.