WILLEMEN P.: 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.
WILLEMEN P.
Largest movements
- Cash +€64,243
up €64,243 (+74.4%), from €86,350 to €150,593
mainly Net result for the year (+€47,009) and Tax, wage and social debts (+€21,939)
- Tangible fixed assets -€10,398
down €10,398 (-37.8%), from €27,513 to €17,115
of which Plant, machinery and equipment: -€11,199
- Receivables within one year +€8,125
up €8,125 (+19.8%), from €41,025 to €49,150
of which Other amounts receivable: +€4,110
- Reserves +€47,009
up €47,009 (+43.7%), from €107,545 to €154,554
of which Distributable reserves: +€47,009
- Tax, wage and social debts +€21,939
up €21,939 (+1,264%), from €1,736 to €23,675
- Trade debts -€7,053
down €7,053 (-99.6%), from €7,083 to €30
- Gross operating margin +€58,241
up €58,241 (+330%), from €17,651 to €75,892
- Taxes +€15,274
up €15,274 (+844%), from €1,810 to €17,084
- Depreciation +€770
up €770 (+5.8%), from €13,296 to €14,066
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 | €155,063 | €216,958 | +€61,895 | +39.9% |
| Fixed assets | 21/28 | €27,688 | €17,215 | -€10,473 | -37.8% |
| Tangible fixed assets | 22/27 | €27,513 | €17,115 | -€10,398 | -37.8% |
| Plant, machinery and equipment | 23 | €18,763 | €7,564 | -€11,199 | -59.7% |
| Furniture and vehicles | 24 | €8,750 | €9,551 | +€801 | +9.2% |
| Financial fixed assets | 28 | €175 | €100 | -€75 | -42.9% |
| Current assets | 29/58 | €127,375 | €199,743 | +€72,368 | +56.8% |
| Amounts receivable within one year | 40/41 | €41,025 | €49,150 | +€8,125 | +19.8% |
| Trade receivables | 40 | €573 | €4,588 | +€4,015 | +701% |
| Other amounts receivable | 41 | €40,452 | €44,562 | +€4,110 | +10.2% |
| Cash at bank and in hand | 54/58 | €86,350 | €150,593 | +€64,243 | +74.4% |
| Total equity and liabilities | 10/49 | €155,063 | €216,958 | +€61,895 | +39.9% |
| Equity | 10/15 | €146,244 | €193,253 | +€47,009 | +32.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €107,545 | €154,554 | +€47,009 | +43.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €105,685 | €152,695 | +€47,009 | +44.5% |
| Profit (loss) carried forward | 14 | €20,107 | €20,107 | = | 0.0% |
| Amounts payable | 17/49 | €8,819 | €23,705 | +€14,886 | +169% |
| Amounts payable within one year | 42/48 | €8,819 | €23,705 | +€14,886 | +169% |
| Trade debts | 44 | €7,083 | €30 | -€7,053 | -99.6% |
| Suppliers | 440/4 | €7,083 | €30 | -€7,053 | -99.6% |
| Taxes, remuneration and social security | 45 | €1,736 | €23,675 | +€21,939 | +1,264% |
| Taxes | 450/3 | €1,736 | €23,675 | +€21,939 | +1,264% |
| Non-recurring operating income | 76A | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,296 | €14,066 | +€770 | +5.8% |
| Other operating charges | 640/8 | €1,302 | €1,161 | -€141 | -10.8% |
| Gross operating margin | 9900 | €17,651 | €75,892 | +€58,241 | +330% |
| Operating profit (loss) | 9901 | €3,053 | €60,665 | +€57,612 | +1,887% |
| Financial income | 75/76B | €3,671 | €3,560 | -€111 | -3.0% |
| Recurring financial income | 75 | €3,671 | €3,560 | -€111 | -3.0% |
| Financial charges | 65/66B | €100 | €132 | +€32 | +32.0% |
| Recurring financial charges | 65 | €100 | €132 | +€32 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €6,624 | €64,093 | +€57,469 | +868% |
| Income taxes | 67/77 | €1,810 | €17,084 | +€15,274 | +844% |
| Profit (loss) for the period | 9904 | €4,814 | €47,009 | +€42,196 | +877% |
| Profit (loss) for the period to be appropriated | 9905 | €4,814 | €47,009 | +€42,196 | +877% |
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 20 October 2026 via checked.be.