WILLAIME: 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.
WILLAIME
Largest movements
- Financial fixed assets +€399,300
up €399,300 (+3,426%), from €11,655 to €410,955
- Receivables within one year -€106,474
down €106,474 (-29.1%), from €365,815 to €259,342
of which Trade receivables: -€110,626
- Stocks and contracts +€82,500
up €82,500 (+88.0%), from €93,750 to €176,250
of which Contracts in progress: +€82,500
- Cash +€19,152
up €19,152 (+135%), from €14,230 to €33,382
mainly Debts after one year (+€316,815) and Receivables within one year (+€106,474)
- Debts after one year +€316,815
up €316,815 (+198%), from €159,663 to €476,478
- Current portion of long-term debt +€50,521
up €50,521 (+68.0%), from €74,257 to €124,778
- Reserves +€40,000
up €40,000 (+10.8%), from €368,860 to €408,860
of which Distributable reserves: +€40,000
- Other debts +€27,485
up €27,485 (+2,114%), from €1,300 to €28,785
- Short-term financial debts -€20,000
down €20,000 (-66.7%), from €30,000 to €10,000
- Gross operating margin +€37,422
up €37,422 (+7.2%), from €520,497 to €557,919
- Financial charges +€13,937
up €13,937 (+147%), from €9,477 to €23,414
- Staff costs +€13,516
up €13,516 (+3.4%), from €397,848 to €411,363
- Depreciation +€11,007
up €11,007 (+27.0%), from €40,754 to €51,761
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 | €943,447 | €1,349,881 | +€406,434 | +43.1% |
| Fixed assets | 21/28 | €465,859 | €872,627 | +€406,768 | +87.3% |
| Intangible fixed assets | 21 | €1,230 | €930 | -€300 | -24.4% |
| Tangible fixed assets | 22/27 | €452,974 | €460,742 | +€7,768 | +1.7% |
| Land and buildings | 22 | €331,541 | €321,939 | -€9,602 | -2.9% |
| Plant, machinery and equipment | 23 | €20,050 | €38,722 | +€18,672 | +93.1% |
| Furniture and vehicles | 24 | €101,382 | €100,080 | -€1,302 | -1.3% |
| Financial fixed assets | 28 | €11,655 | €410,955 | +€399,300 | +3,426% |
| Current assets | 29/58 | €477,588 | €477,254 | -€334 | -0.1% |
| Stocks and contracts in progress | 3 | €93,750 | €176,250 | +€82,500 | +88.0% |
| Stocks | 30/36 | €39,750 | €39,750 | = | 0.0% |
| Contracts in progress | 37 | €54,000 | €136,500 | +€82,500 | +153% |
| Amounts receivable within one year | 40/41 | €365,815 | €259,342 | -€106,474 | -29.1% |
| Trade receivables | 40 | €356,183 | €245,557 | -€110,626 | -31.1% |
| Other amounts receivable | 41 | €9,632 | €13,785 | +€4,152 | +43.1% |
| Cash at bank and in hand | 54/58 | €14,230 | €33,382 | +€19,152 | +135% |
| Deferred charges and accrued income | 490/1 | €3,793 | €8,281 | +€4,488 | +118% |
| Total equity and liabilities | 10/49 | €943,447 | €1,349,881 | +€406,434 | +43.1% |
| Equity | 10/15 | €476,501 | €518,462 | +€41,960 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €368,860 | €408,860 | +€40,000 | +10.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €367,000 | €407,000 | +€40,000 | +10.9% |
| Profit (loss) carried forward | 14 | €89,041 | €91,002 | +€1,960 | +2.2% |
| Amounts payable | 17/49 | €466,946 | €831,419 | +€364,473 | +78.1% |
| Amounts payable after more than one year | 17 | €159,663 | €476,478 | +€316,815 | +198% |
| Financial debts | 170/4 | €159,663 | €476,478 | +€316,815 | +198% |
| Amounts payable within one year | 42/48 | €307,108 | €353,839 | +€46,731 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €74,257 | €124,778 | +€50,521 | +68.0% |
| Financial debts | 43 | €30,000 | €10,000 | -€20,000 | -66.7% |
| Credit institutions | 430/8 | €30,000 | €10,000 | -€20,000 | -66.7% |
| Trade debts | 44 | €173,989 | €163,014 | -€10,975 | -6.3% |
| Suppliers | 440/4 | €173,989 | €163,014 | -€10,975 | -6.3% |
| Taxes, remuneration and social security | 45 | €27,561 | €27,262 | -€299 | -1.1% |
| Taxes | 450/3 | €27,561 | €27,262 | -€299 | -1.1% |
| Other amounts payable | 47/48 | €1,300 | €28,785 | +€27,485 | +2,114% |
| Accrued charges and deferred income | 492/3 | €176 | €1,102 | +€927 | +528% |
| Non-recurring operating income | 76A | €1,889 | €3,967 | +€2,078 | +110% |
| Remuneration, social security and pensions | 62 | €397,848 | €411,363 | +€13,516 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,754 | €51,761 | +€11,007 | +27.0% |
| Other operating charges | 640/8 | €3,855 | €3,655 | -€199 | -5.2% |
| Non-recurring operating charges | 66A | €59 | €2,647 | +€2,588 | +4,395% |
| Gross operating margin | 9900 | €520,497 | €557,919 | +€37,422 | +7.2% |
| Operating profit (loss) | 9901 | €77,982 | €88,492 | +€10,510 | +13.5% |
| Financial income | 75/76B | €58 | €40 | -€19 | -31.8% |
| Recurring financial income | 75 | €58 | €40 | -€19 | -31.8% |
| Financial charges | 65/66B | €9,477 | €23,414 | +€13,937 | +147% |
| Recurring financial charges | 65 | €9,477 | €23,414 | +€13,937 | +147% |
| Profit (loss) for the period before taxes | 9903 | €68,563 | €65,118 | -€3,445 | -5.0% |
| Income taxes | 67/77 | €24,176 | €23,157 | -€1,019 | -4.2% |
| Profit (loss) for the period | 9904 | €44,387 | €41,960 | -€2,426 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,387 | €41,960 | -€2,426 | -5.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.