WILLEM TEL: 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.
WILLEM TEL
Largest movements
- Cash -€15,523
down €15,523 (-63.8%), from €24,340 to €8,817
mainly Net result for the year (-€24,581) and Accrued charges and deferred income (-€4,672)
- Receivables within one year -€12,053
down €12,053 (-97.5%), from €12,366 to €313
of which Trade receivables: -€11,979
- Tangible fixed assets -€1,985
down €1,985 (-36.3%), from €5,464 to €3,479
of which Furniture and vehicles: -€1,117
- Profit (loss) carried forward -€24,581
down €24,581 (-91.1%), from -€26,983 to -€51,564
- Accrued charges and deferred income -€4,672
down €4,672 (-36.7%), from €12,715 to €8,043
- Tax, wage and social debts -€2,921
down €2,921 (-57.6%), from €5,074 to €2,152
of which Taxes: -€2,824
- Trade debts +€2,197
up €2,197 (+104%), from €2,110 to €4,307
- Other debts +€585
up €585 (+12.0%), from €4,871 to €5,457
- Gross operating margin -€19,794
down €19,794 (-1,156%), from -€1,712 to -€21,507
- Financial charges -€1,016
down €1,016 (-85.6%), from €1,186 to €171
- Financial income +€673
up €673 (+407%), from €166 to €839
- Taxes +€247
up €247 (+92.0%), from €269 to €516
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 | €52,886 | €23,495 | -€29,392 | -55.6% |
| Fixed assets | 21/28 | €5,464 | €3,479 | -€1,985 | -36.3% |
| Tangible fixed assets | 22/27 | €5,464 | €3,479 | -€1,985 | -36.3% |
| Land and buildings | 22 | €969 | €701 | -€267 | -27.6% |
| Plant, machinery and equipment | 23 | €1,953 | €1,352 | -€601 | -30.8% |
| Furniture and vehicles | 24 | €2,543 | €1,425 | -€1,117 | -43.9% |
| Current assets | 29/58 | €47,422 | €20,015 | -€27,407 | -57.8% |
| Amounts receivable within one year | 40/41 | €12,366 | €313 | -€12,053 | -97.5% |
| Trade receivables | 40 | €11,979 | €0 | -€11,979 | -100% |
| Other amounts receivable | 41 | €387 | €313 | -€74 | -19.2% |
| Current investments | 50/53 | €9,907 | €9,907 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,340 | €8,817 | -€15,523 | -63.8% |
| Deferred charges and accrued income | 490/1 | €809 | €978 | +€170 | +21.0% |
| Total equity and liabilities | 10/49 | €52,886 | €23,495 | -€29,392 | -55.6% |
| Equity | 10/15 | €28,117 | €3,535 | -€24,581 | -87.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €42,699 | €42,699 | = | 0.0% |
| Distributable reserves | 133 | €42,699 | €42,699 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,983 | -€51,564 | -€24,581 | -91.1% |
| Amounts payable | 17/49 | €24,770 | €19,959 | -€4,811 | -19.4% |
| Amounts payable within one year | 42/48 | €12,055 | €11,916 | -€139 | -1.2% |
| Trade debts | 44 | €2,110 | €4,307 | +€2,197 | +104% |
| Suppliers | 440/4 | €2,110 | €4,307 | +€2,197 | +104% |
| Taxes, remuneration and social security | 45 | €5,074 | €2,152 | -€2,921 | -57.6% |
| Taxes | 450/3 | €3,824 | €1,000 | -€2,824 | -73.9% |
| Remuneration and social security | 454/9 | €1,250 | €1,153 | -€97 | -7.8% |
| Other amounts payable | 47/48 | €4,871 | €5,457 | +€585 | +12.0% |
| Accrued charges and deferred income | 492/3 | €12,715 | €8,043 | -€4,672 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,948 | €1,985 | +€37 | +1.9% |
| Other operating charges | 640/8 | €1,187 | €1,242 | +€55 | +4.7% |
| Gross operating margin | 9900 | -€1,712 | -€21,507 | -€19,794 | -1,156% |
| Operating profit (loss) | 9901 | -€4,847 | -€24,734 | -€19,886 | -410% |
| Financial income | 75/76B | €166 | €839 | +€673 | +407% |
| Recurring financial income | 75 | €166 | €839 | +€673 | +407% |
| Financial charges | 65/66B | €1,186 | €171 | -€1,016 | -85.6% |
| Recurring financial charges | 65 | €1,186 | €171 | -€1,016 | -85.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,868 | -€24,066 | -€18,198 | -310% |
| Income taxes | 67/77 | €269 | €516 | +€247 | +92.0% |
| Profit (loss) for the period | 9904 | -€6,137 | -€24,581 | -€18,445 | -301% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,137 | -€24,581 | -€18,445 | -301% |
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 28 October 2026 via checked.be.