SoWillems: what changed
Two fiscal 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.
SoWillems
Largest movements
- Tangible fixed assets -€6,136
down €6,136 (-26.3%), from €23,319 to €17,183
- Cash +€5,695
up €5,695 (+53.2%), from €10,712 to €16,407
mainly Net result for the year (+€7,339) and Depreciation (+€6,136)
- Receivables within one year +€412
up €412 (+932.6%), from €44 to €456
- Reserves +€7,339
new in 2025: €7,339
- Debts after one year -€4,260
down €4,260 (-26.5%), from €16,051 to €11,791
- Other debts -€2,770
down €2,770 (-40.0%), from €6,917 to €4,148
- Tax, wage and social debts -€1,447
down €1,447 (-29.0%), from €4,985 to €3,538
- Current portion of long-term debt +€849
up €849 (+21.1%), from €4,022 to €4,871
- Gross operating margin +€4,028
up €4,028 (+26.6%), from €15,168 to €19,196
- Depreciation -€2,371
down €2,371 (-27.9%), from €8,507 to €6,136
- Taxes +€1,401
up €1,401 (+65.1%), from €2,154 to €3,555
- Staff costs -€760
down €760 (-100.0%), from €760 to €0
- Financial charges -€599
down €599 (-35.7%), from €1,677 to €1,078
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.
Cash bridge derived
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 | €34,259 | €34,047 | -€212 | -0.6% |
| Fixed assets | 21/28 | €23,319 | €17,183 | -€6,136 | -26.3% |
| Tangible fixed assets | 22/27 | €23,319 | €17,183 | -€6,136 | -26.3% |
| Furniture and vehicles | 24 | €23,319 | €17,183 | -€6,136 | -26.3% |
| Current assets | 29/58 | €10,939 | €16,864 | +€5,924 | +54.2% |
| Amounts receivable within one year | 40/41 | €44 | €456 | +€412 | +932.6% |
| Other amounts receivable | 41 | €44 | €456 | +€412 | +932.6% |
| Cash at bank and in hand | 54/58 | €10,712 | €16,407 | +€5,695 | +53.2% |
| Deferred charges and accrued income | 490/1 | €183 | €0 | -€183 | -100.0% |
| Total equity and liabilities | 10/49 | €34,259 | €34,047 | -€212 | -0.6% |
| Equity | 10/15 | €1,644 | €8,983 | +€7,339 | +446.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €7,339 | +€7,339 | |
| Distributable reserves | 133 | - | €7,339 | +€7,339 | |
| Profit (loss) carried forward | 14 | €644 | €644 | = | 0.0% |
| Amounts payable | 17/49 | €32,614 | €25,064 | -€7,551 | -23.2% |
| Amounts payable after more than one year | 17 | €16,051 | €11,791 | -€4,260 | -26.5% |
| Financial debts | 170/4 | €16,051 | €11,791 | -€4,260 | -26.5% |
| Amounts payable within one year | 42/48 | €16,563 | €13,273 | -€3,290 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €4,022 | €4,871 | +€849 | +21.1% |
| Trade debts | 44 | €639 | €716 | +€77 | +12.1% |
| Suppliers | 440/4 | €639 | €716 | +€77 | +12.1% |
| Taxes, remuneration and social security | 45 | €4,985 | €3,538 | -€1,447 | -29.0% |
| Taxes | 450/3 | €4,985 | €3,538 | -€1,447 | -29.0% |
| Other amounts payable | 47/48 | €6,917 | €4,148 | -€2,770 | -40.0% |
| Remuneration, social security and pensions | 62 | €760 | €0 | -€760 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,507 | €6,136 | -€2,371 | -27.9% |
| Other operating charges | 640/8 | €1,427 | €1,092 | -€335 | -23.5% |
| Gross operating margin | 9900 | €15,168 | €19,196 | +€4,028 | +26.6% |
| Operating profit (loss) | 9901 | €4,474 | €11,968 | +€7,495 | +167.5% |
| Financial income | 75/76B | €1 | €4 | +€3 | +296.9% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +296.9% |
| Financial charges | 65/66B | €1,677 | €1,078 | -€599 | -35.7% |
| Recurring financial charges | 65 | €1,677 | €1,078 | -€599 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €2,798 | €10,894 | +€8,096 | +289.4% |
| Income taxes | 67/77 | €2,154 | €3,555 | +€1,401 | +65.1% |
| Profit (loss) for the period | 9904 | €644 | €7,339 | +€6,695 | +1039.6% |
| Profit (loss) for the period to be appropriated | 9905 | €644 | €7,339 | +€6,695 | +1039.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.