Willemans & Co: 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.
Willemans & Co
Largest movements
- Tangible fixed assets -€6,063
down €6,063 (-20.4%), from €29,708 to €23,645
- Stocks and contracts +€5,121
up €5,121 (+8.3%), from €61,453 to €66,573
- Receivables within one year -€4,744
down €4,744 (-71.4%), from €6,649 to €1,904
of which Other amounts receivable: -€5,085
- Deferred charges and accrued income -€2,091
down €2,091 (-48.3%), from €4,334 to €2,242
- Cash -€1,234
down €1,234 (-19.8%), from €6,246 to €5,012
mainly Debts after one year (-€12,264) and Stocks and contracts (-€5,121)
- Debts after one year -€12,264
down €12,264 (-37.7%), from €32,543 to €20,280
of which Financial debts: -€12,264
- Trade debts +€3,768
up €3,768 (+17.6%), from €21,408 to €25,176
- Staff costs +€12,294
up €12,294 (+17.3%), from €71,038 to €83,332
- Gross operating margin +€6,166
up €6,166 (+6.9%), from €90,001 to €96,167
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 | €119,035 | €109,770 | -€9,265 | -7.8% |
| Formation expenses | 20 | €349 | €96 | -€253 | -72.6% |
| Fixed assets | 21/28 | €40,005 | €33,942 | -€6,063 | -15.2% |
| Tangible fixed assets | 22/27 | €29,708 | €23,645 | -€6,063 | -20.4% |
| Plant, machinery and equipment | 23 | €4,412 | €2,092 | -€2,320 | -52.6% |
| Furniture and vehicles | 24 | €10,931 | €9,331 | -€1,600 | -14.6% |
| Other tangible fixed assets | 26 | €14,365 | €12,222 | -€2,142 | -14.9% |
| Financial fixed assets | 28 | €10,297 | €10,297 | = | 0.0% |
| Current assets | 29/58 | €78,681 | €75,732 | -€2,949 | -3.7% |
| Stocks and contracts in progress | 3 | €61,453 | €66,573 | +€5,121 | +8.3% |
| Stocks | 30/36 | €61,453 | €66,573 | +€5,121 | +8.3% |
| Amounts receivable within one year | 40/41 | €6,649 | €1,904 | -€4,744 | -71.4% |
| Trade receivables | 40 | €297 | €638 | +€341 | +115% |
| Other amounts receivable | 41 | €6,352 | €1,266 | -€5,085 | -80.1% |
| Cash at bank and in hand | 54/58 | €6,246 | €5,012 | -€1,234 | -19.8% |
| Deferred charges and accrued income | 490/1 | €4,334 | €2,242 | -€2,091 | -48.3% |
| Total equity and liabilities | 10/49 | €119,035 | €109,770 | -€9,265 | -7.8% |
| Equity | 10/15 | €18,729 | €18,175 | -€554 | -3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,271 | -€1,825 | -€554 | -43.6% |
| Amounts payable | 17/49 | €100,306 | €91,595 | -€8,711 | -8.7% |
| Amounts payable after more than one year | 17 | €32,543 | €20,280 | -€12,264 | -37.7% |
| Financial debts | 170/4 | €20,643 | €8,380 | -€12,264 | -59.4% |
| Other amounts payable | 178/9 | €11,900 | €11,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,762 | €71,316 | +€3,553 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €11,906 | €12,264 | +€357 | +3.0% |
| Trade debts | 44 | €21,408 | €25,176 | +€3,768 | +17.6% |
| Suppliers | 440/4 | €21,408 | €25,176 | +€3,768 | +17.6% |
| Taxes, remuneration and social security | 45 | €31,217 | €31,292 | +€75 | +0.2% |
| Taxes | 450/3 | €17,873 | €14,995 | -€2,878 | -16.1% |
| Remuneration and social security | 454/9 | €13,344 | €16,298 | +€2,954 | +22.1% |
| Other amounts payable | 47/48 | €3,231 | €2,583 | -€647 | -20.0% |
| Remuneration, social security and pensions | 62 | €71,038 | €83,332 | +€12,294 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,361 | €6,316 | -€45 | -0.7% |
| Other operating charges | 640/8 | €4,379 | €4,045 | -€333 | -7.6% |
| Gross operating margin | 9900 | €90,001 | €96,167 | +€6,166 | +6.9% |
| Operating profit (loss) | 9901 | €8,223 | €2,473 | -€5,750 | -69.9% |
| Financial income | 75/76B | €69 | €140 | +€71 | +104% |
| Recurring financial income | 75 | €69 | €140 | +€71 | +104% |
| Financial charges | 65/66B | €2,666 | €3,167 | +€501 | +18.8% |
| Recurring financial charges | 65 | €2,666 | €3,167 | +€501 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €5,626 | -€554 | -€6,180 | |
| Profit (loss) for the period | 9904 | €5,626 | -€554 | -€6,180 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,626 | -€554 | -€6,180 |
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 22 October 2026 via checked.be.