WILLEMOONS: 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.
WILLEMOONS
Largest movements
- Receivables within one year +€209,122
up €209,122 (+144.4%), from €144,832 to €353,954
of which Trade receivables: +€157,019
- Cash -€145,258
down €145,258 (-17.0%), from €856,756 to €711,497
mainly Receivables within one year (-€209,122) and Short-term financial debts (-€47,080)
- Stocks and contracts -€64,653
down €64,653 (-5.6%), from €1.1m to €1.1m
- Reserves +€48,443
up €48,443 (+3.1%), from €1.5m to €1.6m
of which Distributable reserves: +€48,443
- Short-term financial debts -€47,080
down €47,080 (-100.0%), from €47,080 to €0
- Gross operating margin -€201,212
down €201,212 (-23.3%), from €864,917 to €663,705
- Taxes -€61,005
down €61,005 (-66.6%), from €91,558 to €30,553
- Staff costs +€42,303
up €42,303 (+9.2%), from €459,294 to €501,597
- Write-downs -€25,917
down €25,917 (-170.2%), from -€15,226 to -€41,143
- Financial income +€15,394
up €15,394 (+278.7%), from €5,523 to €20,917
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 | €3,284,945 | €3,271,222 | -€13,723 | -0.4% |
| Fixed assets | 21/28 | €298,210 | €270,715 | -€27,495 | -9.2% |
| Tangible fixed assets | 22/27 | €298,210 | €270,715 | -€27,495 | -9.2% |
| Land and buildings | 22 | €297,002 | €270,715 | -€26,288 | -8.9% |
| Plant, machinery and equipment | 23 | €1,207 | €0 | -€1,207 | -100.0% |
| Current assets | 29/58 | €2,986,735 | €3,000,507 | +€13,772 | +0.5% |
| Stocks and contracts in progress | 3 | €1,145,148 | €1,080,495 | -€64,653 | -5.6% |
| Stocks | 30/36 | €1,145,148 | €1,080,495 | -€64,653 | -5.6% |
| Amounts receivable within one year | 40/41 | €144,832 | €353,954 | +€209,122 | +144.4% |
| Trade receivables | 40 | €136,403 | €293,422 | +€157,019 | +115.1% |
| Other amounts receivable | 41 | €8,429 | €60,532 | +€52,103 | +618.1% |
| Current investments | 50/53 | €840,000 | €854,560 | +€14,560 | +1.7% |
| Cash at bank and in hand | 54/58 | €856,756 | €711,497 | -€145,258 | -17.0% |
| Total equity and liabilities | 10/49 | €3,284,945 | €3,271,222 | -€13,723 | -0.4% |
| Equity | 10/15 | €1,542,082 | €1,590,524 | +€48,443 | +3.1% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €1,542,082 | €1,590,524 | +€48,443 | +3.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €55,816 | €55,816 | = | 0.0% |
| Distributable reserves | 133 | €1,486,265 | €1,534,708 | +€48,443 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €61,856 | €61,856 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €61,856 | €61,856 | = | 0.0% |
| Major repairs and maintenance | 162 | €61,856 | €61,856 | = | 0.0% |
| Amounts payable | 17/49 | €1,681,007 | €1,618,841 | -€62,166 | -3.7% |
| Amounts payable after more than one year | 17 | €4,167 | €0 | -€4,167 | -100.0% |
| Financial debts | 170/4 | €4,167 | €0 | -€4,167 | -100.0% |
| Amounts payable within one year | 42/48 | €1,676,840 | €1,618,841 | -€57,999 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €4,167 | -€5,833 | -58.3% |
| Financial debts | 43 | €47,080 | €0 | -€47,080 | -100.0% |
| Credit institutions | 430/8 | €47,080 | €0 | -€47,080 | -100.0% |
| Trade debts | 44 | €99,793 | €105,530 | +€5,737 | +5.7% |
| Suppliers | 440/4 | €99,793 | €105,530 | +€5,737 | +5.7% |
| Taxes, remuneration and social security | 45 | €131,264 | €133,587 | +€2,324 | +1.8% |
| Taxes | 450/3 | €62,669 | €55,081 | -€7,588 | -12.1% |
| Remuneration and social security | 454/9 | €68,594 | €78,506 | +€9,912 | +14.5% |
| Other amounts payable | 47/48 | €1,388,703 | €1,375,556 | -€13,146 | -0.9% |
| Remuneration, social security and pensions | 62 | €459,294 | €501,597 | +€42,303 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,495 | €27,495 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,226 | -€41,143 | -€25,917 | -170.2% |
| Other operating charges | 640/8 | €16,945 | €22,006 | +€5,061 | +29.9% |
| Gross operating margin | 9900 | €864,917 | €663,705 | -€201,212 | -23.3% |
| Operating profit (loss) | 9901 | €376,409 | €153,750 | -€222,659 | -59.2% |
| Financial income | 75/76B | €5,523 | €20,917 | +€15,394 | +278.7% |
| Recurring financial income | 75 | €5,523 | €20,917 | +€15,394 | +278.7% |
| Financial charges | 65/66B | €90,501 | €95,671 | +€5,170 | +5.7% |
| Recurring financial charges | 65 | €90,501 | €95,671 | +€5,170 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €291,431 | €78,996 | -€212,435 | -72.9% |
| Income taxes | 67/77 | €91,558 | €30,553 | -€61,005 | -66.6% |
| Profit (loss) for the period | 9904 | €199,873 | €48,443 | -€151,430 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €199,873 | €48,443 | -€151,430 | -75.8% |
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 4 October 2026 via checked.be.