Willems: 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.
Willems
Largest movements
- Tangible fixed assets -€14,103
down €14,103 (-29.8%), from €47,401 to €33,298
of which Furniture and vehicles: -€7,999
- Cash +€12,814
up €12,814 (+195%), from €6,575 to €19,389
mainly Depreciation (+€14,103) and Receivables within one year (+€9,196)
- Receivables within one year -€9,196
down €9,196 (-96.4%), from €9,542 to €346
of which Trade receivables: -€6,808
- Debts after one year -€18,744
down €18,744 (-53.5%), from €35,024 to €16,281
- Reserves -€10,856
down €10,856 (-100%), from €10,856 to €0
- Tax, wage and social debts +€6,988
up €6,988 (+85.0%), from €8,216 to €15,204
of which Remuneration and social security: +€3,551
- Trade debts +€6,440
up €6,440 (+213%), from €3,018 to €9,458
- Current portion of long-term debt +€5,174
up €5,174 (+93.5%), from €5,532 to €10,706
- Staff costs +€17,083
up €17,083 (+25.3%), from €67,480 to €84,562
- Gross operating margin +€12,258
up €12,258 (+15.2%), from €80,753 to €93,011
- Depreciation +€6,061
up €6,061 (+75.4%), from €8,042 to €14,103
- Other operating charges +€2,298
up €2,298 (+209%), from €1,097 to €3,395
- Financial charges -€1,263
down €1,263 (-46.2%), from €2,731 to €1,468
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 | €65,358 | €54,873 | -€10,485 | -16.0% |
| Fixed assets | 21/28 | €48,241 | €34,138 | -€14,103 | -29.2% |
| Tangible fixed assets | 22/27 | €47,401 | €33,298 | -€14,103 | -29.8% |
| Plant, machinery and equipment | 23 | €1,133 | €425 | -€707 | -62.4% |
| Furniture and vehicles | 24 | €38,417 | €30,418 | -€7,999 | -20.8% |
| Leasing and similar rights | 25 | €7,851 | €2,454 | -€5,397 | -68.7% |
| Financial fixed assets | 28 | €840 | €840 | = | 0.0% |
| Current assets | 29/58 | €17,117 | €20,735 | +€3,618 | +21.1% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,542 | €346 | -€9,196 | -96.4% |
| Trade receivables | 40 | €6,808 | €0 | -€6,808 | -100% |
| Other amounts receivable | 41 | €2,734 | €346 | -€2,388 | -87.3% |
| Cash at bank and in hand | 54/58 | €6,575 | €19,389 | +€12,814 | +195% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €65,358 | €54,873 | -€10,485 | -16.0% |
| Equity | 10/15 | €11,856 | €941 | -€10,914 | -92.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,856 | €0 | -€10,856 | -100% |
| Distributable reserves | 133 | €10,856 | €0 | -€10,856 | -100% |
| Profit (loss) carried forward | 14 | - | -€59 | -€59 | |
| Amounts payable | 17/49 | €53,503 | €53,932 | +€429 | +0.8% |
| Amounts payable after more than one year | 17 | €35,024 | €16,281 | -€18,744 | -53.5% |
| Financial debts | 170/4 | €35,024 | €16,281 | -€18,744 | -53.5% |
| Amounts payable within one year | 42/48 | €18,479 | €37,652 | +€19,173 | +104% |
| Current portion of amounts payable after more than one year | 42 | €5,532 | €10,706 | +€5,174 | +93.5% |
| Trade debts | 44 | €3,018 | €9,458 | +€6,440 | +213% |
| Suppliers | 440/4 | €3,018 | €9,458 | +€6,440 | +213% |
| Taxes, remuneration and social security | 45 | €8,216 | €15,204 | +€6,988 | +85.0% |
| Taxes | 450/3 | €1,738 | €5,175 | +€3,437 | +198% |
| Remuneration and social security | 454/9 | €6,478 | €10,029 | +€3,551 | +54.8% |
| Other amounts payable | 47/48 | €1,712 | €2,283 | +€571 | +33.3% |
| Remuneration, social security and pensions | 62 | €67,480 | €84,562 | +€17,083 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,042 | €14,103 | +€6,061 | +75.4% |
| Other operating charges | 640/8 | €1,097 | €3,395 | +€2,298 | +209% |
| Gross operating margin | 9900 | €80,753 | €93,011 | +€12,258 | +15.2% |
| Operating profit (loss) | 9901 | €4,134 | -€9,050 | -€13,184 | |
| Financial income | 75/76B | €142 | €3 | -€139 | -98.1% |
| Recurring financial income | 75 | €142 | €3 | -€139 | -98.1% |
| Financial charges | 65/66B | €2,731 | €1,468 | -€1,263 | -46.2% |
| Recurring financial charges | 65 | €2,731 | €1,468 | -€1,263 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €1,545 | -€10,515 | -€12,060 | |
| Income taxes | 67/77 | €1,323 | €400 | -€924 | -69.8% |
| Profit (loss) for the period | 9904 | €222 | -€10,914 | -€11,136 | |
| Profit (loss) for the period to be appropriated | 9905 | €222 | -€10,914 | -€11,136 |
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 13 October 2026 via checked.be.