Willaerts: 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.
Willaerts
Largest movements
- Receivables within one year -€11,052
down €11,052 (-80.6%), from €13,712 to €2,660
of which Other amounts receivable: -€9,257
- Tangible fixed assets -€5,212
down €5,212 (-31.0%), from €16,802 to €11,590
of which Furniture and vehicles: -€5,000
- Cash -€3,865
down €3,865 (-86.2%), from €4,483 to €618
mainly Other debts (-€10,972) and Net result for the year (-€9,536)
- Financial fixed assets -€1,000
no longer reported in 2025 (was €1,000)
- Deferred charges and accrued income -€378
down €378 (-39.5%), from €958 to €580
- Other debts -€10,972
down €10,972 (-35.6%), from €30,821 to €19,849
- Profit (loss) carried forward -€9,536
down €9,536 (-51.8%), from -€18,392 to -€27,928
- Tax, wage and social debts -€999
no longer reported in 2025 (was €999)
- Gross operating margin -€8,434
down €8,434, from €4,608 to -€3,826
- Depreciation -€4,535
down €4,535 (-43.2%), from €10,486 to €5,951
- Taxes -€1,998
down €1,998, from €999 to -€999
- Other operating charges +€704
new in 2025: €704
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,955 | €15,448 | -€21,507 | -58.2% |
| Fixed assets | 21/28 | €17,802 | €11,590 | -€6,212 | -34.9% |
| Tangible fixed assets | 22/27 | €16,802 | €11,590 | -€5,212 | -31.0% |
| Plant, machinery and equipment | 23 | €1,802 | €1,590 | -€212 | -11.8% |
| Furniture and vehicles | 24 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €19,153 | €3,858 | -€15,295 | -79.9% |
| Amounts receivable within one year | 40/41 | €13,712 | €2,660 | -€11,052 | -80.6% |
| Trade receivables | 40 | €4,219 | €2,424 | -€1,795 | -42.5% |
| Other amounts receivable | 41 | €9,493 | €236 | -€9,257 | -97.5% |
| Cash at bank and in hand | 54/58 | €4,483 | €618 | -€3,865 | -86.2% |
| Deferred charges and accrued income | 490/1 | €958 | €580 | -€378 | -39.5% |
| Total equity and liabilities | 10/49 | €36,955 | €15,448 | -€21,507 | -58.2% |
| Equity | 10/15 | €5,135 | -€4,401 | -€9,536 | |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €17,330 | €17,330 | = | 0.0% |
| Distributable reserves | 133 | €17,330 | €17,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,392 | -€27,928 | -€9,536 | -51.8% |
| Amounts payable | 17/49 | €31,820 | €19,849 | -€11,971 | -37.6% |
| Amounts payable within one year | 42/48 | €31,820 | €19,849 | -€11,971 | -37.6% |
| Taxes, remuneration and social security | 45 | €999 | - | -€999 | |
| Taxes | 450/3 | €999 | - | -€999 | |
| Other amounts payable | 47/48 | €30,821 | €19,849 | -€10,972 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,486 | €5,951 | -€4,535 | -43.2% |
| Other operating charges | 640/8 | - | €704 | +€704 | |
| Gross operating margin | 9900 | €4,608 | -€3,826 | -€8,434 | |
| Operating profit (loss) | 9901 | -€5,878 | -€10,481 | -€4,603 | -78.3% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €8 | €54 | +€46 | +575% |
| Recurring financial charges | 65 | €8 | €54 | +€46 | +575% |
| Profit (loss) for the period before taxes | 9903 | -€5,880 | -€10,535 | -€4,655 | -79.2% |
| Income taxes | 67/77 | €999 | -€999 | -€1,998 | |
| Profit (loss) for the period | 9904 | -€6,879 | -€9,536 | -€2,657 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,879 | -€9,536 | -€2,657 | -38.6% |
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 23 October 2026 via checked.be.