LOONWERKEN WILLEMEN: 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.
LOONWERKEN WILLEMEN
Largest movements
- Tangible fixed assets +€233,564
up €233,564 (+203%), from €115,139 to €348,703
of which Furniture and vehicles: +€117,370
- Cash -€24,164
down €24,164 (-44.0%), from €54,933 to €30,770
mainly Investment in fixed assets (net) (-€270,687) and Debts after one year (-€20,000)
- Receivables within one year -€13,303
down €13,303 (-31.0%), from €42,880 to €29,577
of which Trade receivables: -€29,100
- Trade debts +€205,428
up €205,428 (+280%), from €73,253 to €278,682
- Reserves +€27,060
new in 2025: €27,060
- Debts after one year -€20,000
down €20,000 (-32.4%), from €61,667 to €41,667
- Current portion of long-term debt +€20,000
new in 2025: €20,000
- Short-term financial debts -€20,000
no longer reported in 2025 (was €20,000)
- Turnover -€130,000
no longer reported in 2025 (was €130,000)
- Purchases and services -€74,325
no longer reported in 2025 (was €74,325)
- Depreciation +€11,607
up €11,607 (+45.5%), from €25,515 to €37,123
- Other operating charges -€10,311
down €10,311 (-96.3%), from €10,705 to €395
- Gross operating margin +€1,616
up €1,616 (+2.9%), from €55,675 to €57,291
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 | €212,952 | €409,049 | +€196,097 | +92.1% |
| Fixed assets | 21/28 | €115,139 | €348,703 | +€233,564 | +203% |
| Tangible fixed assets | 22/27 | €115,139 | €348,703 | +€233,564 | +203% |
| Plant, machinery and equipment | 23 | €115,139 | €231,333 | +€116,194 | +101% |
| Furniture and vehicles | 24 | - | €117,370 | +€117,370 | |
| Current assets | 29/58 | €97,813 | €60,346 | -€37,466 | -38.3% |
| Amounts receivable within one year | 40/41 | €42,880 | €29,577 | -€13,303 | -31.0% |
| Trade receivables | 40 | €37,100 | €8,000 | -€29,100 | -78.4% |
| Other amounts receivable | 41 | €5,780 | €21,577 | +€15,797 | +273% |
| Cash at bank and in hand | 54/58 | €54,933 | €30,770 | -€24,164 | -44.0% |
| Total equity and liabilities | 10/49 | €212,952 | €409,049 | +€196,097 | +92.1% |
| Equity | 10/15 | €52,295 | €67,060 | +€14,765 | +28.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | - | -€40,000 | |
| Issued capital | 100 | €40,000 | - | -€40,000 | |
| Reserves | 13 | - | €27,060 | +€27,060 | |
| Distributable reserves | 133 | - | €27,060 | +€27,060 | |
| Profit (loss) carried forward | 14 | €12,295 | - | -€12,295 | |
| Amounts payable | 17/49 | €160,657 | €341,989 | +€181,332 | +113% |
| Amounts payable after more than one year | 17 | €61,667 | €41,667 | -€20,000 | -32.4% |
| Financial debts | 170/4 | €61,667 | €41,667 | -€20,000 | -32.4% |
| Amounts payable within one year | 42/48 | €98,990 | €300,323 | +€201,332 | +203% |
| Current portion of amounts payable after more than one year | 42 | - | €20,000 | +€20,000 | |
| Financial debts | 43 | €20,000 | - | -€20,000 | |
| Credit institutions | 430/8 | €20,000 | - | -€20,000 | |
| Trade debts | 44 | €73,253 | €278,682 | +€205,428 | +280% |
| Suppliers | 440/4 | €73,253 | €278,682 | +€205,428 | +280% |
| Taxes, remuneration and social security | 45 | €2,761 | €1,641 | -€1,120 | -40.6% |
| Taxes | 450/3 | €2,761 | €1,641 | -€1,120 | -40.6% |
| Other amounts payable | 47/48 | €2,977 | - | -€2,977 | |
| Turnover | 70 | €130,000 | - | -€130,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €74,325 | - | -€74,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,515 | €37,123 | +€11,607 | +45.5% |
| Other operating charges | 640/8 | €10,705 | €395 | -€10,311 | -96.3% |
| Gross operating margin | 9900 | €55,675 | €57,291 | +€1,616 | +2.9% |
| Operating profit (loss) | 9901 | €19,454 | €19,773 | +€319 | +1.6% |
| Financial charges | 65/66B | €4,399 | €3,612 | -€787 | -17.9% |
| Recurring financial charges | 65 | €4,399 | €3,612 | -€787 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €15,055 | €16,161 | +€1,106 | +7.3% |
| Income taxes | 67/77 | €2,761 | €1,396 | -€1,364 | -49.4% |
| Profit (loss) for the period | 9904 | €12,295 | €14,765 | +€2,470 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,295 | €14,765 | +€2,470 | +20.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.