Voets Willy: 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.
Voets Willy
Largest movements
- Tangible fixed assets -€31,907
down €31,907 (-5.5%), from €584,615 to €552,708
- Cash -€15,825
down €15,825 (-61.1%), from €25,896 to €10,071
mainly Other debts (-€32,659) and Debts after one year (-€14,204)
- Other debts -€32,659
down €32,659 (-93.1%), from €35,083 to €2,424
- Debts after one year -€14,204
down €14,204 (-5.2%), from €275,015 to €260,812
- Gross operating margin +€8,432
up €8,432 (+26.1%), from €32,344 to €40,776
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 | €614,125 | €565,383 | -€48,742 | -7.9% |
| Fixed assets | 21/28 | €584,974 | €553,068 | -€31,907 | -5.5% |
| Tangible fixed assets | 22/27 | €584,615 | €552,708 | -€31,907 | -5.5% |
| Land and buildings | 22 | €584,615 | €552,708 | -€31,907 | -5.5% |
| Financial fixed assets | 28 | €359 | €359 | = | 0.0% |
| Current assets | 29/58 | €29,151 | €12,315 | -€16,835 | -57.8% |
| Amounts receivable within one year | 40/41 | €1,690 | €1,530 | -€160 | -9.5% |
| Trade receivables | 40 | €1,690 | €1,530 | -€160 | -9.5% |
| Cash at bank and in hand | 54/58 | €25,896 | €10,071 | -€15,825 | -61.1% |
| Deferred charges and accrued income | 490/1 | €1,564 | €715 | -€850 | -54.3% |
| Total equity and liabilities | 10/49 | €614,125 | €565,383 | -€48,742 | -7.9% |
| Equity | 10/15 | €284,864 | €284,872 | +€7 | 0.0% |
| Contributions | 10/11 | €399,400 | €399,400 | = | 0.0% |
| Reserves | 13 | €183,435 | €183,435 | = | 0.0% |
| Distributable reserves | 133 | €183,435 | €183,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€297,971 | -€297,963 | +€7 | 0.0% |
| Amounts payable | 17/49 | €329,261 | €280,511 | -€48,750 | -14.8% |
| Amounts payable after more than one year | 17 | €275,015 | €260,812 | -€14,204 | -5.2% |
| Financial debts | 170/4 | €275,015 | €260,812 | -€14,204 | -5.2% |
| Amounts payable within one year | 42/48 | €52,246 | €17,700 | -€34,546 | -66.1% |
| Current portion of amounts payable after more than one year | 42 | €14,204 | €14,204 | = | 0.0% |
| Trade debts | 44 | €2,624 | €721 | -€1,903 | -72.5% |
| Suppliers | 440/4 | €2,624 | €721 | -€1,903 | -72.5% |
| Taxes, remuneration and social security | 45 | €335 | €351 | +€15 | +4.6% |
| Taxes | 450/3 | €335 | €351 | +€15 | +4.6% |
| Other amounts payable | 47/48 | €35,083 | €2,424 | -€32,659 | -93.1% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,907 | €31,907 | = | 0.0% |
| Other operating charges | 640/8 | €5,842 | €6,070 | +€227 | +3.9% |
| Gross operating margin | 9900 | €32,344 | €40,776 | +€8,432 | +26.1% |
| Operating profit (loss) | 9901 | -€5,405 | €2,800 | +€8,205 | |
| Financial income | 75/76B | €95 | €66 | -€30 | -31.0% |
| Recurring financial income | 75 | €95 | €66 | -€30 | -31.0% |
| Financial charges | 65/66B | €2,951 | €2,678 | -€273 | -9.2% |
| Recurring financial charges | 65 | €2,951 | €2,678 | -€273 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,261 | €187 | +€8,448 | |
| Income taxes | 67/77 | €171 | €180 | +€9 | +5.2% |
| Profit (loss) for the period | 9904 | -€8,432 | €7 | +€8,439 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,432 | €7 | +€8,439 |
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.