WILLEKENS BART: 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 BART
Largest movements
- Current investments +€85,436
up €85,436 (+101%), from €84,335 to €169,771
- Cash +€36,775
up €36,775 (+7.0%), from €527,938 to €564,713
mainly Net result for the year (+€77,500) and Depreciation (+€37,350)
- Tangible fixed assets -€32,292
down €32,292 (-19.0%), from €169,976 to €137,683
of which Furniture and vehicles: -€31,868
- Receivables within one year +€14,388
up €14,388 (+90.2%), from €15,958 to €30,346
of which Trade receivables: +€25,055
- Reserves +€72,500
up €72,500 (+9.0%), from €808,014 to €880,514
of which Distributable reserves: +€72,500
- Trade debts +€36,636
up €36,636 (+136%), from €26,868 to €63,504
- Gross operating margin -€53,293
down €53,293 (-16.2%), from €329,572 to €276,278
- Taxes -€21,860
down €21,860 (-42.1%), from €51,933 to €30,073
- Staff costs +€6,257
up €6,257 (+5.2%), from €120,223 to €126,480
- Depreciation +€4,641
up €4,641 (+14.2%), from €32,709 to €37,350
- Financial charges +€4,033
up €4,033 (+511%), from €789 to €4,821
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 | €923,078 | €1,031,736 | +€108,658 | +11.8% |
| Fixed assets | 21/28 | €169,976 | €138,055 | -€31,920 | -18.8% |
| Tangible fixed assets | 22/27 | €169,976 | €137,683 | -€32,292 | -19.0% |
| Plant, machinery and equipment | 23 | €14,376 | €12,900 | -€1,475 | -10.3% |
| Furniture and vehicles | 24 | €143,252 | €111,384 | -€31,868 | -22.2% |
| Other tangible fixed assets | 26 | €12,348 | €13,399 | +€1,051 | +8.5% |
| Financial fixed assets | 28 | - | €372 | +€372 | |
| Current assets | 29/58 | €753,103 | €893,681 | +€140,578 | +18.7% |
| Stocks and contracts in progress | 3 | €120,682 | €128,257 | +€7,575 | +6.3% |
| Stocks | 30/36 | €120,682 | €128,257 | +€7,575 | +6.3% |
| Amounts receivable within one year | 40/41 | €15,958 | €30,346 | +€14,388 | +90.2% |
| Trade receivables | 40 | - | €25,055 | +€25,055 | |
| Other amounts receivable | 41 | €15,958 | €5,290 | -€10,668 | -66.8% |
| Current investments | 50/53 | €84,335 | €169,771 | +€85,436 | +101% |
| Cash at bank and in hand | 54/58 | €527,938 | €564,713 | +€36,775 | +7.0% |
| Deferred charges and accrued income | 490/1 | €4,189 | €594 | -€3,595 | -85.8% |
| Total equity and liabilities | 10/49 | €923,078 | €1,031,736 | +€108,658 | +11.8% |
| Equity | 10/15 | €826,614 | €899,114 | +€72,500 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €808,014 | €880,514 | +€72,500 | +9.0% |
| 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 | €806,154 | €878,654 | +€72,500 | +9.0% |
| Amounts payable | 17/49 | €96,465 | €132,622 | +€36,158 | +37.5% |
| Amounts payable within one year | 42/48 | €96,465 | €132,622 | +€36,158 | +37.5% |
| Trade debts | 44 | €26,868 | €63,504 | +€36,636 | +136% |
| Suppliers | 440/4 | €26,868 | €63,504 | +€36,636 | +136% |
| Taxes, remuneration and social security | 45 | €44,304 | €38,976 | -€5,328 | -12.0% |
| Taxes | 450/3 | €24,529 | €18,831 | -€5,699 | -23.2% |
| Remuneration and social security | 454/9 | €19,775 | €20,145 | +€370 | +1.9% |
| Other amounts payable | 47/48 | €25,292 | €30,143 | +€4,850 | +19.2% |
| Remuneration, social security and pensions | 62 | €120,223 | €126,480 | +€6,257 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,709 | €37,350 | +€4,641 | +14.2% |
| Other operating charges | 640/8 | €595 | €1,639 | +€1,044 | +175% |
| Non-recurring operating charges | 66A | €170 | - | -€170 | |
| Gross operating margin | 9900 | €329,572 | €276,278 | -€53,293 | -16.2% |
| Operating profit (loss) | 9901 | €175,874 | €110,810 | -€65,065 | -37.0% |
| Financial income | 75/76B | €2 | €1,585 | +€1,583 | +76,108% |
| Recurring financial income | 75 | €2 | €1,585 | +€1,583 | +76,108% |
| Financial charges | 65/66B | €789 | €4,821 | +€4,033 | +511% |
| Recurring financial charges | 65 | €789 | €4,821 | +€4,033 | +511% |
| Profit (loss) for the period before taxes | 9903 | €175,087 | €107,573 | -€67,514 | -38.6% |
| Income taxes | 67/77 | €51,933 | €30,073 | -€21,860 | -42.1% |
| Profit (loss) for the period | 9904 | €123,154 | €77,500 | -€45,654 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €123,154 | €77,500 | -€45,654 | -37.1% |
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 17 October 2026 via checked.be.