WILLEM CONSTRUCT: what changed
Two fiscal 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.
WILLEM CONSTRUCT
Largest movements
- Tangible fixed assets +€489,397
up €489,397 (+156.4%), from €313,004 to €802,401
of which Leasing and similar rights: +€491,384
- Cash +€124,206
up €124,206 (+536.8%), from €23,137 to €147,343
mainly Other debts (+€278,407) and Debts after one year (+€267,534)
- Other debts +€278,407
up €278,407 (+2241.9%), from €12,419 to €290,826
- Debts after one year +€267,534
up €267,534 (+535.1%), from €50,000 to €317,534
- Profit (loss) carried forward +€43,997
up €43,997 (+16.4%), from €268,713 to €312,710
- Current portion of long-term debt +€26,076
new in 2025: €26,076
- Gross operating margin -€21,469
down €21,469 (-12.0%), from €178,275 to €156,806
- Taxes -€20,856
down €20,856 (-99.1%), from €21,054 to €198
- Other operating charges +€8,539
up €8,539 (+63.8%), from €13,393 to €21,932
- Financial charges +€3,286
up €3,286 (+57.9%), from €5,677 to €8,962
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.
Cash bridge derived
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 | €393,188 | €1,002,871 | +€609,684 | +155.1% |
| Fixed assets | 21/28 | €321,491 | €810,497 | +€489,006 | +152.1% |
| Intangible fixed assets | 21 | €1,352 | €962 | -€391 | -28.9% |
| Tangible fixed assets | 22/27 | €313,004 | €802,401 | +€489,397 | +156.4% |
| Land and buildings | 22 | €500 | €250 | -€250 | -50.0% |
| Plant, machinery and equipment | 23 | €34,301 | €22,777 | -€11,524 | -33.6% |
| Leasing and similar rights | 25 | €220,800 | €712,184 | +€491,384 | +222.5% |
| Other tangible fixed assets | 26 | €57,403 | €67,189 | +€9,786 | +17.0% |
| Financial fixed assets | 28 | €7,135 | €7,135 | = | 0.0% |
| Current assets | 29/58 | €71,697 | €192,374 | +€120,677 | +168.3% |
| Amounts receivable within one year | 40/41 | €43,151 | €40,292 | -€2,858 | -6.6% |
| Trade receivables | 40 | €34,643 | €10,194 | -€24,449 | -70.6% |
| Other amounts receivable | 41 | €8,508 | €30,099 | +€21,590 | +253.8% |
| Cash at bank and in hand | 54/58 | €23,137 | €147,343 | +€124,206 | +536.8% |
| Deferred charges and accrued income | 490/1 | €5,409 | €4,739 | -€671 | -12.4% |
| Total equity and liabilities | 10/49 | €393,188 | €1,002,871 | +€609,684 | +155.1% |
| Equity | 10/15 | €276,773 | €320,770 | +€43,997 | +15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,713 | €312,710 | +€43,997 | +16.4% |
| Amounts payable | 17/49 | €116,414 | €682,101 | +€565,687 | +485.9% |
| Amounts payable after more than one year | 17 | €50,000 | €317,534 | +€267,534 | +535.1% |
| Financial debts | 170/4 | €50,000 | €317,534 | +€267,534 | +535.1% |
| Amounts payable within one year | 42/48 | €59,751 | €358,553 | +€298,801 | +500.1% |
| Current portion of amounts payable after more than one year | 42 | - | €26,076 | +€26,076 | |
| Trade debts | 44 | €36,890 | €40,644 | +€3,754 | +10.2% |
| Suppliers | 440/4 | €36,890 | €40,644 | +€3,754 | +10.2% |
| Taxes, remuneration and social security | 45 | €10,443 | €1,006 | -€9,437 | -90.4% |
| Taxes | 450/3 | €10,443 | €1,006 | -€9,437 | -90.4% |
| Other amounts payable | 47/48 | €12,419 | €290,826 | +€278,407 | +2241.9% |
| Accrued charges and deferred income | 492/3 | €6,663 | €6,015 | -€649 | -9.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,648 | €81,950 | +€302 | +0.4% |
| Other operating charges | 640/8 | €13,393 | €21,932 | +€8,539 | +63.8% |
| Gross operating margin | 9900 | €178,275 | €156,806 | -€21,469 | -12.0% |
| Operating profit (loss) | 9901 | €83,235 | €52,924 | -€30,310 | -36.4% |
| Financial income | 75/76B | - | €233 | +€233 | |
| Recurring financial income | 75 | - | €233 | +€233 | |
| Financial charges | 65/66B | €5,677 | €8,962 | +€3,286 | +57.9% |
| Recurring financial charges | 65 | €5,677 | €8,962 | +€3,286 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | €77,558 | €44,195 | -€33,363 | -43.0% |
| Income taxes | 67/77 | €21,054 | €198 | -€20,856 | -99.1% |
| Profit (loss) for the period | 9904 | €56,504 | €43,997 | -€12,507 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,504 | €43,997 | -€12,507 | -22.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.