Willems Construct: 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 Construct
Largest movements
- Cash -€71,664
down €71,664 (-35.0%), from €204,628 to €132,963
mainly Accrued charges and deferred income (-€133,060) and Receivables within one year (-€31,488)
- Receivables within one year +€31,488
up €31,488 (+35.5%), from €88,606 to €120,095
of which Trade receivables: +€24,443
- Accrued charges and deferred income -€133,060
down €133,060 (-100%), from €133,060 to €0
- Advances received +€106,319
new in 2025: €106,319
- Tax, wage and social debts -€21,830
down €21,830 (-50.8%), from €42,948 to €21,118
of which Remuneration and social security: -€12,252
- Trade debts +€7,153
up €7,153 (+4.7%), from €153,006 to €160,159
- Gross operating margin +€44,533
up €44,533 (+87.4%), from €50,970 to €95,503
- Staff costs -€27,721
down €27,721 (-23.9%), from €116,035 to €88,314
- Other operating charges +€5,504
up €5,504 (+1,068%), from €516 to €6,019
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 | €293,810 | €253,397 | -€40,413 | -13.8% |
| Fixed assets | 21/28 | €60 | €0 | -€60 | -100% |
| Financial fixed assets | 28 | €60 | €0 | -€60 | -100% |
| Current assets | 29/58 | €293,750 | €253,397 | -€40,353 | -13.7% |
| Amounts receivable within one year | 40/41 | €88,606 | €120,095 | +€31,488 | +35.5% |
| Trade receivables | 40 | €70,838 | €95,281 | +€24,443 | +34.5% |
| Other amounts receivable | 41 | €17,768 | €24,814 | +€7,046 | +39.7% |
| Cash at bank and in hand | 54/58 | €204,628 | €132,963 | -€71,664 | -35.0% |
| Deferred charges and accrued income | 490/1 | €516 | €339 | -€177 | -34.2% |
| Total equity and liabilities | 10/49 | €293,810 | €253,397 | -€40,413 | -13.8% |
| Equity | 10/15 | -€40,304 | -€39,298 | +€1,006 | +2.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,793 | €5,793 | = | 0.0% |
| Distributable reserves | 133 | €5,793 | €5,793 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,097 | -€65,091 | +€1,006 | +1.5% |
| Amounts payable | 17/49 | €334,114 | €292,696 | -€41,418 | -12.4% |
| Amounts payable after more than one year | 17 | €5,100 | €5,100 | = | 0.0% |
| Other amounts payable | 178/9 | €5,100 | €5,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €195,954 | €287,596 | +€91,642 | +46.8% |
| Trade debts | 44 | €153,006 | €160,159 | +€7,153 | +4.7% |
| Suppliers | 440/4 | €153,006 | €160,159 | +€7,153 | +4.7% |
| Advances received on contracts in progress | 46 | - | €106,319 | +€106,319 | |
| Taxes, remuneration and social security | 45 | €42,948 | €21,118 | -€21,830 | -50.8% |
| Taxes | 450/3 | €30,696 | €21,118 | -€9,578 | -31.2% |
| Remuneration and social security | 454/9 | €12,252 | €0 | -€12,252 | -100% |
| Accrued charges and deferred income | 492/3 | €133,060 | €0 | -€133,060 | -100% |
| Remuneration, social security and pensions | 62 | €116,035 | €88,314 | -€27,721 | -23.9% |
| Other operating charges | 640/8 | €516 | €6,019 | +€5,504 | +1,068% |
| Gross operating margin | 9900 | €50,970 | €95,503 | +€44,533 | +87.4% |
| Operating profit (loss) | 9901 | -€65,580 | €1,170 | +€66,750 | |
| Financial income | 75/76B | €183 | €370 | +€187 | +102% |
| Recurring financial income | 75 | €183 | €370 | +€187 | +102% |
| Financial charges | 65/66B | €479 | €534 | +€55 | +11.4% |
| Recurring financial charges | 65 | €479 | €534 | +€55 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€65,876 | €1,006 | +€66,882 | |
| Income taxes | 67/77 | €221 | €0 | -€221 | -100% |
| Profit (loss) for the period | 9904 | -€66,097 | €1,006 | +€67,102 | |
| Profit (loss) for the period to be appropriated | 9905 | -€66,097 | €1,006 | +€67,102 |
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 25 October 2026 via checked.be.