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
- Cash +€30,029
up €30,029 (+29.5%), from €101,700 to €131,729
mainly Net result for the year (+€13,583) and Depreciation (+€13,359)
- Tangible fixed assets -€13,359
down €13,359 (-47.2%), from €28,318 to €14,959
of which Furniture and vehicles: -€12,668
- Receivables within one year -€10,266
down €10,266 (-42.9%), from €23,922 to €13,656
of which Other amounts receivable: -€10,709
- Current investments -€5,000
no longer reported in 2025 (was €5,000)
- Tax, wage and social debts -€18,033
down €18,033 (-71.5%), from €25,229 to €7,196
of which Remuneration and social security: -€21,552
- Reserves +€13,583
up €13,583 (+16.8%), from €81,084 to €94,667
- Other debts +€12,180
up €12,180 (+95.2%), from €12,797 to €24,977
- Debts after one year -€6,083
down €6,083 (-92.3%), from €6,592 to €509
- Gross operating margin -€4,400
down €4,400 (-12.0%), from €36,612 to €32,211
- Taxes -€1,236
down €1,236 (-17.9%), from €6,897 to €5,660
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 | €160,518 | €162,344 | +€1,826 | +1.1% |
| Fixed assets | 21/28 | €28,318 | €14,959 | -€13,359 | -47.2% |
| Tangible fixed assets | 22/27 | €28,318 | €14,959 | -€13,359 | -47.2% |
| Plant, machinery and equipment | 23 | €2,228 | €1,537 | -€691 | -31.0% |
| Furniture and vehicles | 24 | €26,090 | €13,422 | -€12,668 | -48.6% |
| Current assets | 29/58 | €132,200 | €147,384 | +€15,185 | +11.5% |
| Amounts receivable within one year | 40/41 | €23,922 | €13,656 | -€10,266 | -42.9% |
| Trade receivables | 40 | €11,587 | €12,029 | +€443 | +3.8% |
| Other amounts receivable | 41 | €12,335 | €1,626 | -€10,709 | -86.8% |
| Current investments | 50/53 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €101,700 | €131,729 | +€30,029 | +29.5% |
| Deferred charges and accrued income | 490/1 | €1,578 | €2,000 | +€422 | +26.7% |
| Total equity and liabilities | 10/49 | €160,518 | €162,344 | +€1,826 | +1.1% |
| Equity | 10/15 | €109,486 | €123,069 | +€13,583 | +12.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €81,084 | €94,667 | +€13,583 | +16.8% |
| Distributable reserves | 133 | €81,084 | €94,667 | +€13,583 | +16.8% |
| Profit (loss) carried forward | 14 | €25,902 | €25,902 | = | 0.0% |
| Amounts payable | 17/49 | €51,031 | €39,274 | -€11,757 | -23.0% |
| Amounts payable after more than one year | 17 | €6,592 | €509 | -€6,083 | -92.3% |
| Financial debts | 170/4 | €6,592 | €509 | -€6,083 | -92.3% |
| Amounts payable within one year | 42/48 | €44,440 | €38,765 | -€5,675 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €6,039 | €6,083 | +€43 | +0.7% |
| Trade debts | 44 | €374 | €510 | +€135 | +36.1% |
| Suppliers | 440/4 | €374 | €510 | +€135 | +36.1% |
| Taxes, remuneration and social security | 45 | €25,229 | €7,196 | -€18,033 | -71.5% |
| Taxes | 450/3 | €3,677 | €7,196 | +€3,519 | +95.7% |
| Remuneration and social security | 454/9 | €21,552 | - | -€21,552 | |
| Other amounts payable | 47/48 | €12,797 | €24,977 | +€12,180 | +95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,389 | €13,359 | -€31 | -0.2% |
| Other operating charges | 640/8 | €317 | €328 | +€11 | +3.3% |
| Gross operating margin | 9900 | €36,612 | €32,211 | -€4,400 | -12.0% |
| Operating profit (loss) | 9901 | €22,905 | €18,525 | -€4,380 | -19.1% |
| Financial income | 75/76B | €1,077 | €955 | -€122 | -11.3% |
| Recurring financial income | 75 | €1,077 | €955 | -€122 | -11.3% |
| Financial charges | 65/66B | €231 | €236 | +€5 | +2.1% |
| Recurring financial charges | 65 | €231 | €236 | +€5 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €23,751 | €19,244 | -€4,507 | -19.0% |
| Income taxes | 67/77 | €6,897 | €5,660 | -€1,236 | -17.9% |
| Profit (loss) for the period | 9904 | €16,854 | €13,583 | -€3,271 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,854 | €13,583 | -€3,271 | -19.4% |
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 12 October 2026 via checked.be.