WILLAERT ACTIVITIES: 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
WILLAERT ACTIVITIES
NACE 46.212, Wholesale trade
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€5,365
2023 · -€2,613+€7,978
Equity
€287,961
2023 · €282,596+€5,365
Cash
€9,198
2023 · €6,417+€2,781
Balance sheet total
€1.6m
2023 · €1.8m-€192,567
Largest movements
Assets
- Stocks and contracts -€99,201
down €99,201 (-36.3%), from €273,298 to €174,097
- Receivables within one year -€87,674
down €87,674 (-7.0%), from €1.3m to €1.2m
of which Trade receivables: -€110,638
Equity and liabilities
- Short-term financial debts -€219,915
down €219,915 (-21.5%), from €1.0m to €803,092
- Trade debts +€96,660
up €96,660 (+31.5%), from €307,073 to €403,733
- Debts after one year -€62,500
down €62,500 (-51.7%), from €120,833 to €58,333
Income statement
- Depreciation -€6,936
down €6,936 (-7.5%), from €92,403 to €85,467
- Financial charges -€5,936
down €5,936 (-10.6%), from €55,862 to €49,926
- Staff costs +€4,341
up €4,341 (+3.2%), from €137,607 to €141,949
From the 2023 result to the 2024 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 2023
-€2,613
Gross operating margin
-€2,474
Staff costs
-€4,341
Depreciation
+€6,936
Other operating charges
+€414
Financial income
+€3,138
Financial charges
+€5,936
Taxes
-€1,631
Result 2024
€5,365
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€369,736
Investment
-€77,039
Financing
-€289,916
Cash 2023
€6,417
From operations (derived)
+€369,736
Net result for the year
+€5,365
Depreciation
+€85,467
Stocks and contracts
+€99,201
Receivables within one year
+€87,674
Deferred charges and accrued income
+€45
Trade debts
+€96,660
Tax, wage and social debts
-€4,676
Investment (derived)
-€77,039
Investment in fixed assets (net)
-€77,039
Financing
-€289,916
Debts after one year
-€62,500
Current portion of long-term debt
-€7,500
Short-term financial debts
-€219,915
Cash 2024
€9,198
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,839,522 | €1,646,956 | -€192,567 | -10.5% |
| Fixed assets | 21/28 | €309,074 | €300,646 | -€8,428 | -2.7% |
| Tangible fixed assets | 22/27 | €308,944 | €300,516 | -€8,428 | -2.7% |
| Land and buildings | 22 | €138,561 | €107,106 | -€31,455 | -22.7% |
| Plant, machinery and equipment | 23 | €91,016 | €103,930 | +€12,914 | +14.2% |
| Furniture and vehicles | 24 | €79,367 | €89,481 | +€10,114 | +12.7% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €1,530,448 | €1,346,309 | -€184,139 | -12.0% |
| Stocks and contracts in progress | 3 | €273,298 | €174,097 | -€99,201 | -36.3% |
| Stocks | 30/36 | €273,298 | €174,097 | -€99,201 | -36.3% |
| Amounts receivable within one year | 40/41 | €1,250,010 | €1,162,336 | -€87,674 | -7.0% |
| Trade receivables | 40 | €1,213,526 | €1,102,887 | -€110,638 | -9.1% |
| Other amounts receivable | 41 | €36,484 | €59,448 | +€22,964 | +62.9% |
| Cash at bank and in hand | 54/58 | €6,417 | €9,198 | +€2,781 | +43.3% |
| Deferred charges and accrued income | 490/1 | €724 | €679 | -€45 | -6.2% |
| Total equity and liabilities | 10/49 | €1,839,522 | €1,646,956 | -€192,567 | -10.5% |
| Equity | 10/15 | €282,596 | €287,961 | +€5,365 | +1.9% |
| Contributions | 10/11 | €182,000 | €182,000 | = | 0.0% |
| Capital | 10 | €182,000 | €182,000 | = | 0.0% |
| Issued capital | 100 | €182,000 | €182,000 | = | 0.0% |
| Reserves | 13 | €100,596 | €105,961 | +€5,365 | +5.3% |
| Non-distributable reserves | 130/1 | €18,200 | €18,200 | = | 0.0% |
| Legal reserve | 130 | €18,200 | €18,200 | = | 0.0% |
| Distributable reserves | 133 | €82,396 | €87,761 | +€5,365 | +6.5% |
| Amounts payable | 17/49 | €1,556,926 | €1,358,994 | -€197,932 | -12.7% |
| Amounts payable after more than one year | 17 | €120,833 | €58,333 | -€62,500 | -51.7% |
| Financial debts | 170/4 | €120,833 | €58,333 | -€62,500 | -51.7% |
| Amounts payable within one year | 42/48 | €1,436,093 | €1,300,661 | -€135,432 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €70,000 | €62,500 | -€7,500 | -10.7% |
| Financial debts | 43 | €1,023,008 | €803,092 | -€219,915 | -21.5% |
| Credit institutions | 430/8 | €1,023,008 | €803,092 | -€219,915 | -21.5% |
| Trade debts | 44 | €307,073 | €403,733 | +€96,660 | +31.5% |
| Suppliers | 440/4 | €307,073 | €403,733 | +€96,660 | +31.5% |
| Taxes, remuneration and social security | 45 | €36,011 | €31,336 | -€4,676 | -13.0% |
| Taxes | 450/3 | €13,934 | €8,569 | -€5,365 | -38.5% |
| Remuneration and social security | 454/9 | €22,078 | €22,766 | +€689 | +3.1% |
| Non-recurring operating income | 76A | - | €18,000 | +€18,000 | |
| Remuneration, social security and pensions | 62 | €137,607 | €141,949 | +€4,341 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,403 | €85,467 | -€6,936 | -7.5% |
| Other operating charges | 640/8 | €31,326 | €30,911 | -€414 | -1.3% |
| Gross operating margin | 9900 | €316,467 | €313,993 | -€2,474 | -0.8% |
| Operating profit (loss) | 9901 | €55,131 | €55,666 | +€535 | +1.0% |
| Financial income | 75/76B | €1,499 | €4,636 | +€3,138 | +209% |
| Recurring financial income | 75 | €1,499 | €4,636 | +€3,138 | +209% |
| Financial charges | 65/66B | €55,862 | €49,926 | -€5,936 | -10.6% |
| Recurring financial charges | 65 | €55,862 | €49,926 | -€5,936 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €768 | €10,376 | +€9,608 | +1,252% |
| Income taxes | 67/77 | €3,380 | €5,011 | +€1,631 | +48.2% |
| Profit (loss) for the period | 9904 | -€2,613 | €5,365 | +€7,978 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,613 | €5,365 | +€7,978 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.