WILLEMCO: 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.
WILLEMCO
Largest movements
- Receivables within one year +€12,589
up €12,589 (+26.8%), from €47,042 to €59,631
- Tangible fixed assets -€6,562
down €6,562 (-9.1%), from €72,079 to €65,517
- Reserves +€5,227
up €5,227 (+30.3%), from €17,275 to €22,502
of which Distributable reserves: +€5,227
- Tax, wage and social debts +€2,041
up €2,041 (+45.9%), from €4,450 to €6,491
- Gross operating margin +€247
up €247 (+2.0%), from €12,342 to €12,589
- Taxes +€171
up €171 (+9.2%), from €1,870 to €2,041
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 | €119,629 | €125,656 | +€6,027 | +5.0% |
| Fixed assets | 21/28 | €72,079 | €65,517 | -€6,562 | -9.1% |
| Tangible fixed assets | 22/27 | €72,079 | €65,517 | -€6,562 | -9.1% |
| Land and buildings | 22 | €72,079 | €65,517 | -€6,562 | -9.1% |
| Current assets | 29/58 | €47,549 | €60,138 | +€12,589 | +26.5% |
| Amounts receivable within one year | 40/41 | €47,042 | €59,631 | +€12,589 | +26.8% |
| Other amounts receivable | 41 | €47,042 | €59,631 | +€12,589 | +26.8% |
| Cash at bank and in hand | 54/58 | €507 | €507 | = | 0.0% |
| Total equity and liabilities | 10/49 | €119,629 | €125,656 | +€6,027 | +5.0% |
| Equity | 10/15 | €37,116 | €41,102 | +€3,986 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,275 | €22,502 | +€5,227 | +30.3% |
| Non-distributable reserves | 130/1 | €116 | €116 | = | 0.0% |
| Legal reserve | 130 | €116 | €116 | = | 0.0% |
| Distributable reserves | 133 | €17,159 | €22,386 | +€5,227 | +30.5% |
| Profit (loss) carried forward | 14 | €1,241 | - | -€1,241 | |
| Amounts payable | 17/49 | €82,513 | €84,554 | +€2,041 | +2.5% |
| Amounts payable within one year | 42/48 | €82,513 | €84,554 | +€2,041 | +2.5% |
| Taxes, remuneration and social security | 45 | €4,450 | €6,491 | +€2,041 | +45.9% |
| Taxes | 450/3 | €4,450 | €6,491 | +€2,041 | +45.9% |
| Other amounts payable | 47/48 | €78,063 | €78,063 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,562 | €6,562 | = | 0.0% |
| Other operating charges | 640/8 | €95 | - | -€95 | |
| Gross operating margin | 9900 | €12,342 | €12,589 | +€247 | +2.0% |
| Operating profit (loss) | 9901 | €5,685 | €6,027 | +€342 | +6.0% |
| Financial charges | 65/66B | €83 | - | -€83 | |
| Recurring financial charges | 65 | €83 | - | -€83 | |
| Profit (loss) for the period before taxes | 9903 | €5,603 | €6,027 | +€424 | +7.6% |
| Income taxes | 67/77 | €1,870 | €2,041 | +€171 | +9.2% |
| Profit (loss) for the period | 9904 | €3,733 | €3,986 | +€253 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,733 | €3,986 | +€253 | +6.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.