WILLEKENS: 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.
WILLEKENS
Largest movements
- Receivables within one year -€13,413
down €13,413 (-19.8%), from €67,777 to €54,365
of which Trade receivables: -€15,608
- Tangible fixed assets -€4,349
down €4,349 (-16.8%), from €25,930 to €21,580
- Intangible fixed assets -€2,862
down €2,862 (-96.2%), from €2,975 to €113
- Cash -€1,292
down €1,292 (-100%), from €1,292 to €0
mainly Debts after one year (-€11,677) and Current portion of long-term debt (-€8,184)
- Deferred charges and accrued income +€1,129
up €1,129 (+97.6%), from €1,156 to €2,285
- Debts after one year -€11,677
down €11,677 (-68.5%), from €17,035 to €5,358
- Current portion of long-term debt -€8,184
down €8,184 (-41.2%), from €19,861 to €11,677
- Tax, wage and social debts -€4,060
down €4,060 (-80.5%), from €5,044 to €984
- Short-term financial debts +€2,536
up €2,536, from €0 to €2,536
- Write-downs +€13,206
up €13,206 (+127%), from €10,394 to €23,599
- Gross operating margin -€12,007
down €12,007 (-25.1%), from €47,895 to €35,888
- Depreciation -€8,805
down €8,805 (-50.1%), from €17,579 to €8,774
- Taxes -€1,419
down €1,419 (-100%), from €1,419 to €0
- Financial income +€866
up €866 (+79.8%), from €1,085 to €1,951
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,181 | €79,393 | -€20,788 | -20.8% |
| Fixed assets | 21/28 | €28,905 | €21,694 | -€7,211 | -24.9% |
| Intangible fixed assets | 21 | €2,975 | €113 | -€2,862 | -96.2% |
| Tangible fixed assets | 22/27 | €25,930 | €21,580 | -€4,349 | -16.8% |
| Plant, machinery and equipment | 23 | €25,930 | €21,580 | -€4,349 | -16.8% |
| Current assets | 29/58 | €71,276 | €57,699 | -€13,576 | -19.0% |
| Stocks and contracts in progress | 3 | €1,050 | €1,050 | = | 0.0% |
| Stocks | 30/36 | €1,050 | €1,050 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,777 | €54,365 | -€13,413 | -19.8% |
| Trade receivables | 40 | €37,964 | €22,356 | -€15,608 | -41.1% |
| Other amounts receivable | 41 | €29,813 | €32,009 | +€2,196 | +7.4% |
| Cash at bank and in hand | 54/58 | €1,292 | €0 | -€1,292 | -100% |
| Deferred charges and accrued income | 490/1 | €1,156 | €2,285 | +€1,129 | +97.6% |
| Total equity and liabilities | 10/49 | €100,181 | €79,393 | -€20,788 | -20.8% |
| Equity | 10/15 | €42,163 | €42,305 | +€142 | +0.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €16,093 | €16,093 | = | 0.0% |
| Distributable reserves | 133 | €16,093 | €16,093 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,070 | €7,212 | +€142 | +2.0% |
| Amounts payable | 17/49 | €58,018 | €37,088 | -€20,930 | -36.1% |
| Amounts payable after more than one year | 17 | €17,035 | €5,358 | -€11,677 | -68.5% |
| Financial debts | 170/4 | €17,035 | €5,358 | -€11,677 | -68.5% |
| Amounts payable within one year | 42/48 | €40,983 | €31,730 | -€9,253 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €19,861 | €11,677 | -€8,184 | -41.2% |
| Financial debts | 43 | €0 | €2,536 | +€2,536 | |
| Credit institutions | 430/8 | €0 | €2,536 | +€2,536 | |
| Trade debts | 44 | €16,078 | €16,533 | +€455 | +2.8% |
| Suppliers | 440/4 | €16,078 | €16,533 | +€455 | +2.8% |
| Taxes, remuneration and social security | 45 | €5,044 | €984 | -€4,060 | -80.5% |
| Taxes | 450/3 | €5,044 | €984 | -€4,060 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,579 | €8,774 | -€8,805 | -50.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,394 | €23,599 | +€13,206 | +127% |
| Other operating charges | 640/8 | €1,605 | €1,114 | -€491 | -30.6% |
| Gross operating margin | 9900 | €47,895 | €35,888 | -€12,007 | -25.1% |
| Operating profit (loss) | 9901 | €18,317 | €2,400 | -€15,917 | -86.9% |
| Financial income | 75/76B | €1,085 | €1,951 | +€866 | +79.8% |
| Recurring financial income | 75 | €1,085 | €1,951 | +€866 | +79.8% |
| Financial charges | 65/66B | €3,789 | €4,209 | +€420 | +11.1% |
| Recurring financial charges | 65 | €3,789 | €4,209 | +€420 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €15,613 | €142 | -€15,470 | -99.1% |
| Income taxes | 67/77 | €1,419 | €0 | -€1,419 | -100% |
| Profit (loss) for the period | 9904 | €14,193 | €142 | -€14,051 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,193 | €142 | -€14,051 | -99.0% |
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 18 October 2026 via checked.be.