WILLEMS & CO: what changed
What changed
WILLEMS & CO
NACE 46.831, Wholesale of construction materials, general range
filed annual accounts (NBB)
Net result for the year
€88,630
2024 · €47,620+€41,009
Equity
€1.9m
2024 · €1.8m+€88,630
Cash
€742,034
2024 · €955,548-€213,514
Balance sheet total
€1.9m
2024 · €2.0m-€36,948
Largest movements
Assets
- Current investments +€232,136
new in 2025: €232,136
- Cash -€213,514
down €213,514 (-22.3%), from €955,548 to €742,034
mainly Current investments (-€232,136) and Debts after one year (-€122,081)
- Receivables within one year -€50,541
down €50,541 (-14.9%), from €340,248 to €289,707
of which Trade receivables: -€60,785
- Tangible fixed assets -€30,027
down €30,027 (-26.8%), from €112,209 to €82,182
of which Plant, machinery and equipment: -€17,202
- Stocks and contracts +€24,997
up €24,997 (+4.4%), from €571,104 to €596,102
Equity and liabilities
- Debts after one year -€122,081
no longer reported in 2025 (was €122,081)
- Reserves +€88,630
up €88,630 (+4.9%), from €1.8m to €1.9m
of which Distributable reserves: +€88,630
Income statement
- Gross operating margin +€68,008
up €68,008 (+63.6%), from €106,906 to €174,914
- Taxes +€13,491
up €13,491 (+80.4%), from €16,788 to €30,279
- Other operating charges +€13,428
up €13,428 (+238%), from €5,652 to €19,081
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€47,620
Gross operating margin
+€68,008
Depreciation
+€22
Other operating charges
-€13,428
Financial income
-€372
Financial charges
+€270
Taxes
-€13,491
Result 2025
€88,630
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€146,832
Investment
-€238,265
Financing
-€122,081
Cash 2024
€955,548
From operations (derived)
+€146,832
Net result for the year
+€88,630
Depreciation
+€36,155
Stocks and contracts
-€24,997
Receivables within one year
+€50,541
Trade debts
-€3,789
Tax, wage and social debts
-€20
Other debts
+€1,129
Accrued charges and deferred income
-€816
Investment (derived)
-€238,265
Investment in fixed assets (net)
-€6,129
Current investments
-€232,136
Financing
-€122,081
Debts after one year
-€122,081
Cash 2025
€742,034
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,979,152 | €1,942,204 | -€36,948 | -1.9% |
| Fixed assets | 21/28 | €112,252 | €82,226 | -€30,027 | -26.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €112,209 | €82,182 | -€30,027 | -26.8% |
| Land and buildings | 22 | €8,090 | €6,915 | -€1,175 | -14.5% |
| Plant, machinery and equipment | 23 | €69,172 | €51,969 | -€17,202 | -24.9% |
| Furniture and vehicles | 24 | €34,947 | €23,298 | -€11,649 | -33.3% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €1,866,900 | €1,859,979 | -€6,922 | -0.4% |
| Stocks and contracts in progress | 3 | €571,104 | €596,102 | +€24,997 | +4.4% |
| Stocks | 30/36 | €571,104 | €596,102 | +€24,997 | +4.4% |
| Amounts receivable within one year | 40/41 | €340,248 | €289,707 | -€50,541 | -14.9% |
| Trade receivables | 40 | €310,054 | €249,270 | -€60,785 | -19.6% |
| Other amounts receivable | 41 | €30,194 | €40,438 | +€10,243 | +33.9% |
| Current investments | 50/53 | - | €232,136 | +€232,136 | |
| Cash at bank and in hand | 54/58 | €955,548 | €742,034 | -€213,514 | -22.3% |
| Total equity and liabilities | 10/49 | €1,979,152 | €1,942,204 | -€36,948 | -1.9% |
| Equity | 10/15 | €1,818,392 | €1,907,022 | +€88,630 | +4.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,799,800 | €1,888,430 | +€88,630 | +4.9% |
| Non-distributable reserves | 130/1 | €744 | €744 | = | 0.0% |
| Reserves not available under the articles | 1311 | €744 | €744 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,437 | €32,437 | = | 0.0% |
| Distributable reserves | 133 | €1,766,620 | €1,855,249 | +€88,630 | +5.0% |
| Amounts payable | 17/49 | €160,760 | €35,183 | -€125,578 | -78.1% |
| Amounts payable after more than one year | 17 | €122,081 | - | -€122,081 | |
| Other amounts payable | 178/9 | €122,081 | - | -€122,081 | |
| Amounts payable within one year | 42/48 | €37,767 | €35,086 | -€2,681 | -7.1% |
| Trade debts | 44 | €11,363 | €7,573 | -€3,789 | -33.3% |
| Suppliers | 440/4 | €11,363 | €7,573 | -€3,789 | -33.3% |
| Taxes, remuneration and social security | 45 | €20 | - | -€20 | |
| Taxes | 450/3 | €20 | - | -€20 | |
| Other amounts payable | 47/48 | €26,384 | €27,513 | +€1,129 | +4.3% |
| Accrued charges and deferred income | 492/3 | €912 | €97 | -€816 | -89.4% |
| Non-recurring operating income | 76A | - | €4,722 | +€4,722 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,177 | €36,155 | -€22 | -0.1% |
| Other operating charges | 640/8 | €5,652 | €19,081 | +€13,428 | +238% |
| Gross operating margin | 9900 | €106,906 | €174,914 | +€68,008 | +63.6% |
| Operating profit (loss) | 9901 | €65,076 | €119,678 | +€54,602 | +83.9% |
| Financial income | 75/76B | €700 | €329 | -€372 | -53.1% |
| Recurring financial income | 75 | €700 | €329 | -€372 | -53.1% |
| Financial charges | 65/66B | €1,368 | €1,098 | -€270 | -19.7% |
| Recurring financial charges | 65 | €1,368 | €1,098 | -€270 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €64,408 | €118,909 | +€54,500 | +84.6% |
| Income taxes | 67/77 | €16,788 | €30,279 | +€13,491 | +80.4% |
| Profit (loss) for the period | 9904 | €47,620 | €88,630 | +€41,009 | +86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,620 | €88,630 | +€41,009 | +86.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.