WILLAERT SOFIE: 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.
WILLAERT SOFIE
Largest movements
- Cash -€80,316
down €80,316 (-60.4%), from €133,083 to €52,767
mainly Investment in fixed assets (net) (-€86,023) and Contributions, distributions and other (-€82,136)
- Financial fixed assets +€71,413
up €71,413 (+1151.8%), from €6,200 to €77,613
- Current investments +€48,032
up €48,032 (+17.8%), from €270,248 to €318,280
- Tangible fixed assets -€35,667
down €35,667 (-23.1%), from €154,580 to €118,913
of which Furniture and vehicles: -€23,667
- Receivables within one year -€17,717
down €17,717 (-15.0%), from €118,184 to €100,467
of which Trade receivables: -€39,519
- Debts after one year -€8,750
no longer reported in 2025 (was €8,750)
- Gross operating margin -€157,685
down €157,685 (-56.2%), from €280,703 to €123,018
- Taxes -€46,810
down €46,810 (-65.3%), from €71,721 to €24,911
- Financial income +€31,727
up €31,727 (+948.1%), from €3,346 to €35,074
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 | €682,424 | €668,215 | -€14,209 | -2.1% |
| Fixed assets | 21/28 | €160,780 | €196,526 | +€35,746 | +22.2% |
| Tangible fixed assets | 22/27 | €154,580 | €118,913 | -€35,667 | -23.1% |
| Land and buildings | 22 | €87,167 | €74,796 | -€12,371 | -14.2% |
| Plant, machinery and equipment | 23 | €4,703 | €5,074 | +€371 | +7.9% |
| Furniture and vehicles | 24 | €62,710 | €39,042 | -€23,667 | -37.7% |
| Financial fixed assets | 28 | €6,200 | €77,613 | +€71,413 | +1151.8% |
| Current assets | 29/58 | €521,645 | €471,690 | -€49,955 | -9.6% |
| Amounts receivable within one year | 40/41 | €118,184 | €100,467 | -€17,717 | -15.0% |
| Trade receivables | 40 | €114,277 | €74,757 | -€39,519 | -34.6% |
| Other amounts receivable | 41 | €3,907 | €25,710 | +€21,802 | +558.0% |
| Current investments | 50/53 | €270,248 | €318,280 | +€48,032 | +17.8% |
| Cash at bank and in hand | 54/58 | €133,083 | €52,767 | -€80,316 | -60.4% |
| Deferred charges and accrued income | 490/1 | €131 | €177 | +€46 | +35.3% |
| Total equity and liabilities | 10/49 | €682,424 | €668,215 | -€14,209 | -2.1% |
| Equity | 10/15 | €566,459 | €561,829 | -€4,630 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €547,681 | €543,051 | -€4,630 | -0.8% |
| Distributable reserves | 133 | €547,681 | €543,051 | -€4,630 | -0.8% |
| Profit (loss) carried forward | 14 | €177 | €177 | = | 0.0% |
| Amounts payable | 17/49 | €115,966 | €106,387 | -€9,579 | -8.3% |
| Amounts payable after more than one year | 17 | €8,750 | - | -€8,750 | |
| Financial debts | 170/4 | €8,750 | - | -€8,750 | |
| Amounts payable within one year | 42/48 | €107,216 | €106,167 | -€1,049 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €11,667 | €8,750 | -€2,917 | -25.0% |
| Trade debts | 44 | €7,091 | €4,244 | -€2,846 | -40.1% |
| Suppliers | 440/4 | €7,091 | €4,244 | -€2,846 | -40.1% |
| Taxes, remuneration and social security | 45 | €12,950 | €18,369 | +€5,420 | +41.8% |
| Taxes | 450/3 | €12,950 | €18,369 | +€5,420 | +41.8% |
| Other amounts payable | 47/48 | €75,508 | €74,803 | -€705 | -0.9% |
| Accrued charges and deferred income | 492/3 | - | €220 | +€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,653 | €50,277 | +€1,624 | +3.3% |
| Other operating charges | 640/8 | €2,484 | €2,230 | -€255 | -10.2% |
| Non-recurring operating charges | 66A | - | €94 | +€94 | |
| Gross operating margin | 9900 | €280,703 | €123,018 | -€157,685 | -56.2% |
| Operating profit (loss) | 9901 | €229,565 | €70,417 | -€159,148 | -69.3% |
| Financial income | 75/76B | €3,346 | €35,074 | +€31,727 | +948.1% |
| Recurring financial income | 75 | €3,346 | €35,074 | +€31,727 | +948.1% |
| Financial charges | 65/66B | €1,918 | €3,074 | +€1,156 | +60.3% |
| Recurring financial charges | 65 | €1,918 | €3,074 | +€1,156 | +60.3% |
| Profit (loss) for the period before taxes | 9903 | €230,993 | €102,417 | -€128,577 | -55.7% |
| Income taxes | 67/77 | €71,721 | €24,911 | -€46,810 | -65.3% |
| Profit (loss) for the period | 9904 | €159,272 | €77,506 | -€81,767 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €159,272 | €77,506 | -€81,767 | -51.3% |
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 2 October 2026 via checked.be.