WILLEKENS L.: 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 L.
Largest movements
- Tangible fixed assets -€274,178
down €274,178 (-10.7%), from €2.6m to €2.3m
of which Land and buildings: -€185,076
- Cash +€122,683
up €122,683 (+21.4%), from €573,295 to €695,978
mainly Investment in fixed assets (net) (+€148,418) and Net result for the year (+€141,182)
- Accrued charges and deferred income -€229,206
down €229,206 (-100%), from €229,206 to €0
- Debts after one year -€95,055
down €95,055 (-9.0%), from €1.1m to €962,844
- Reserves +€88,618
up €88,618 (+5.6%), from €1.6m to €1.7m
of which Tax-exempt reserves: +€88,618
- Profit (loss) carried forward +€52,564
up €52,564 (+53.6%), from -€98,067 to -€45,503
- Financial income +€208,979
up €208,979 (+34,116%), from €613 to €209,591
of which Non-recurring financial income: +€209,448
- Depreciation -€71,209
down €71,209 (-36.2%), from €196,969 to €125,760
- Gross operating margin +€56,751
up €56,751 (+80.3%), from €70,694 to €127,444
- Financial charges -€2,439
down €2,439 (-6.6%), from €37,012 to €34,573
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 | €3,144,534 | €2,991,349 | -€153,185 | -4.9% |
| Fixed assets | 21/28 | €2,566,274 | €2,292,096 | -€274,178 | -10.7% |
| Tangible fixed assets | 22/27 | €2,566,274 | €2,292,096 | -€274,178 | -10.7% |
| Land and buildings | 22 | €1,676,607 | €1,491,531 | -€185,076 | -11.0% |
| Furniture and vehicles | 24 | €11,223 | €10,038 | -€1,185 | -10.6% |
| Leasing and similar rights | 25 | €878,444 | €790,527 | -€87,917 | -10.0% |
| Current assets | 29/58 | €578,261 | €699,253 | +€120,992 | +20.9% |
| Amounts receivable within one year | 40/41 | €2,874 | €309 | -€2,565 | -89.2% |
| Trade receivables | 40 | €0 | €266 | +€266 | |
| Other amounts receivable | 41 | €2,874 | €43 | -€2,831 | -98.5% |
| Cash at bank and in hand | 54/58 | €573,295 | €695,978 | +€122,683 | +21.4% |
| Deferred charges and accrued income | 490/1 | €2,092 | €2,966 | +€874 | +41.8% |
| Total equity and liabilities | 10/49 | €3,144,534 | €2,991,349 | -€153,185 | -4.9% |
| Equity | 10/15 | €1,582,614 | €1,723,796 | +€141,182 | +8.9% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €1,593,918 | €1,682,537 | +€88,618 | +5.6% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,676 | €8,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €542,802 | €631,420 | +€88,618 | +16.3% |
| Distributable reserves | 133 | €1,042,440 | €1,042,440 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,067 | -€45,503 | +€52,564 | +53.6% |
| Provisions and deferred taxes | 16 | €178,079 | €207,618 | +€29,539 | +16.6% |
| Deferred taxes | 168 | €178,079 | €207,618 | +€29,539 | +16.6% |
| Amounts payable | 17/49 | €1,383,841 | €1,059,935 | -€323,907 | -23.4% |
| Amounts payable after more than one year | 17 | €1,057,899 | €962,844 | -€95,055 | -9.0% |
| Financial debts | 170/4 | €1,057,899 | €962,844 | -€95,055 | -9.0% |
| Amounts payable within one year | 42/48 | €96,737 | €97,091 | +€355 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €92,203 | €95,055 | +€2,852 | +3.1% |
| Trade debts | 44 | €4,534 | €2,036 | -€2,498 | -55.1% |
| Suppliers | 440/4 | €4,534 | €2,036 | -€2,498 | -55.1% |
| Accrued charges and deferred income | 492/3 | €229,206 | €0 | -€229,206 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,969 | €125,760 | -€71,209 | -36.2% |
| Other operating charges | 640/8 | €6,499 | €5,981 | -€518 | -8.0% |
| Gross operating margin | 9900 | €70,694 | €127,444 | +€56,751 | +80.3% |
| Operating profit (loss) | 9901 | -€132,774 | -€4,297 | +€128,478 | +96.8% |
| Financial income | 75/76B | €613 | €209,591 | +€208,979 | +34,116% |
| Recurring financial income | 75 | €613 | €143 | -€469 | -76.6% |
| Non-recurring financial income | 76B | - | €209,448 | +€209,448 | |
| Financial charges | 65/66B | €37,012 | €34,573 | -€2,439 | -6.6% |
| Recurring financial charges | 65 | €37,012 | €34,573 | -€2,439 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€169,173 | €170,721 | +€339,895 | |
| Transfer from deferred taxes | 780 | €17,823 | €17,823 | = | 0.0% |
| Transfer to deferred taxes | 680 | - | €47,362 | +€47,362 | |
| Income taxes | 67/77 | €184 | €0 | -€184 | -100% |
| Profit (loss) for the period | 9904 | -€151,535 | €141,182 | +€292,717 | |
| Transfer from tax-exempt reserves | 789 | €53,468 | €53,468 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €142,086 | +€142,086 | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,067 | €52,564 | +€150,631 |
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 31 October 2026 via checked.be.