Maison 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.
What changed
Maison WILLEMS
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€33,008
2024 · -€41,283+€8,274
Equity
€546,940
2024 · €595,948-€49,008
Cash
€117,090
2024 · €109,127+€7,963
Balance sheet total
€1.0m
2024 · €1.2m-€198,930
Largest movements
Assets
- Current investments -€120,000
no longer reported in 2025 (was €120,000)
- Tangible fixed assets -€106,912
down €106,912 (-18.3%), from €585,540 to €478,629
- Stocks and contracts +€46,195
up €46,195 (+14.7%), from €315,177 to €361,372
- Receivables within one year -€26,885
down €26,885 (-26.8%), from €100,503 to €73,618
of which Trade receivables: -€27,685
Equity and liabilities
- Debts after one year -€86,108
down €86,108 (-26.6%), from €324,006 to €237,898
- Trade debts -€50,099
down €50,099 (-38.7%), from €129,558 to €79,460
- Reserves -€38,760
down €38,760 (-6.5%), from €594,478 to €555,717
of which Tax-exempt reserves: -€22,760
Income statement
- Staff costs -€130,265
down €130,265 (-19.8%), from €657,504 to €527,239
- Gross operating margin -€129,923
down €129,923 (-17.2%), from €754,271 to €624,349
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.
Result 2024
-€41,283
Gross operating margin
-€129,923
Staff costs
+€130,265
Depreciation
+€2,471
Other operating charges
-€68
Other operating items
-€640
Financial income
+€3,827
Financial charges
+€2,323
Taxes
+€19
Result 2025
-€33,008
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3,811
Investment
+€115,157
Financing
-€111,005
Cash 2024
€109,127
From operations (derived)
+€3,811
Net result for the year
-€33,008
Depreciation
+€111,754
Stocks and contracts
-€46,195
Receivables within one year
+€26,885
Deferred charges and accrued income
-€708
Provisions
-€6,965
Trade debts
-€50,099
Tax, wage and social debts
-€6,656
Other debts
+€8,804
Investment (derived)
+€115,157
Investment in fixed assets (net)
-€4,843
Current investments
+€120,000
Financing
-€111,005
Debts after one year
-€86,108
Current portion of long-term debt
-€8,897
Contributions, distributions and other
-€16,000
Cash 2025
€117,090
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,235,455 | €1,036,525 | -€198,930 | -16.1% |
| Fixed assets | 21/28 | €585,540 | €478,629 | -€106,912 | -18.3% |
| Tangible fixed assets | 22/27 | €585,540 | €478,629 | -€106,912 | -18.3% |
| Land and buildings | 22 | €341,023 | €307,479 | -€33,543 | -9.8% |
| Plant, machinery and equipment | 23 | €139,502 | €108,480 | -€31,022 | -22.2% |
| Furniture and vehicles | 24 | €105,016 | €62,669 | -€42,346 | -40.3% |
| Current assets | 29/58 | €649,915 | €557,896 | -€92,018 | -14.2% |
| Stocks and contracts in progress | 3 | €315,177 | €361,372 | +€46,195 | +14.7% |
| Stocks | 30/36 | €315,177 | €361,372 | +€46,195 | +14.7% |
| Amounts receivable within one year | 40/41 | €100,503 | €73,618 | -€26,885 | -26.8% |
| Trade receivables | 40 | €88,833 | €61,148 | -€27,685 | -31.2% |
| Other amounts receivable | 41 | €11,670 | €12,470 | +€800 | +6.9% |
| Current investments | 50/53 | €120,000 | - | -€120,000 | |
| Cash at bank and in hand | 54/58 | €109,127 | €117,090 | +€7,963 | +7.3% |
| Deferred charges and accrued income | 490/1 | €5,108 | €5,817 | +€708 | +13.9% |
| Total equity and liabilities | 10/49 | €1,235,455 | €1,036,525 | -€198,930 | -16.1% |
| Equity | 10/15 | €595,948 | €546,940 | -€49,008 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €594,478 | €555,717 | -€38,760 | -6.5% |
| Tax-exempt reserves | 132 | €90,918 | €68,157 | -€22,760 | -25.0% |
| Distributable reserves | 133 | €503,560 | €487,560 | -€16,000 | -3.2% |
| Profit (loss) carried forward | 14 | -€17,129 | -€27,377 | -€10,248 | -59.8% |
| Provisions and deferred taxes | 16 | €19,155 | €12,189 | -€6,965 | -36.4% |
| Deferred taxes | 168 | €19,155 | €12,189 | -€6,965 | -36.4% |
| Amounts payable | 17/49 | €620,352 | €477,396 | -€142,956 | -23.0% |
| Amounts payable after more than one year | 17 | €324,006 | €237,898 | -€86,108 | -26.6% |
| Financial debts | 170/4 | €324,006 | €237,898 | -€86,108 | -26.6% |
| Amounts payable within one year | 42/48 | €296,346 | €239,498 | -€56,848 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €105,891 | €96,994 | -€8,897 | -8.4% |
| Trade debts | 44 | €129,558 | €79,460 | -€50,099 | -38.7% |
| Suppliers | 440/4 | €129,558 | €79,460 | -€50,099 | -38.7% |
| Taxes, remuneration and social security | 45 | €52,442 | €45,786 | -€6,656 | -12.7% |
| Taxes | 450/3 | €30,891 | €21,171 | -€9,719 | -31.5% |
| Remuneration and social security | 454/9 | €21,551 | €24,614 | +€3,063 | +14.2% |
| Other amounts payable | 47/48 | €8,455 | €17,258 | +€8,804 | +104% |
| Remuneration, social security and pensions | 62 | €657,504 | €527,239 | -€130,265 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,226 | €111,754 | -€2,471 | -2.2% |
| Other operating charges | 640/8 | €18,774 | €18,842 | +€68 | +0.4% |
| Non-recurring operating charges | 66A | - | €640 | +€640 | |
| Gross operating margin | 9900 | €754,271 | €624,349 | -€129,923 | -17.2% |
| Operating profit (loss) | 9901 | -€36,232 | -€34,126 | +€2,105 | +5.8% |
| Financial income | 75/76B | €1,550 | €5,377 | +€3,827 | +247% |
| Recurring financial income | 75 | €1,550 | €5,377 | +€3,827 | +247% |
| Financial charges | 65/66B | €13,275 | €10,952 | -€2,323 | -17.5% |
| Recurring financial charges | 65 | €13,275 | €10,952 | -€2,323 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€47,957 | -€39,702 | +€8,255 | +17.2% |
| Transfer from deferred taxes | 780 | €6,965 | €6,965 | = | 0.0% |
| Income taxes | 67/77 | €291 | €272 | -€19 | -6.5% |
| Profit (loss) for the period | 9904 | -€41,283 | -€33,008 | +€8,274 | +20.0% |
| Transfer from tax-exempt reserves | 789 | €22,760 | €22,760 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,522 | -€10,248 | +€8,274 | +44.7% |
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 28 October 2026 via checked.be.