WILLEMS EDDY: 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 EDDY
Largest movements
- Cash +€44,324
up €44,324 (+26.3%), from €168,822 to €213,146
mainly Net result for the year (+€25,452) and Current investments (+€17,540)
- Current investments -€17,540
down €17,540 (-1.4%), from €1.2m to €1.2m
- Reserves +€25,452
up €25,452 (+1.8%), from €1.4m to €1.4m
- Financial income +€16,971
up €16,971 (+244.0%), from €6,954 to €23,925
- Financial charges +€14,354
up €14,354, from -€11,944 to €2,410
of which Financial charges: +€17,239
- Taxes +€4,898
up €4,898 (+50.2%), from €9,764 to €14,662
- Gross operating margin -€3,272
down €3,272 (-13.9%), from €23,523 to €20,251
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 | €1,424,487 | €1,448,066 | +€23,579 | +1.7% |
| Fixed assets | 21/28 | €500 | €1,283 | +€783 | +156.6% |
| Tangible fixed assets | 22/27 | - | €783 | +€783 | |
| Furniture and vehicles | 24 | - | €783 | +€783 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,423,987 | €1,446,783 | +€22,796 | +1.6% |
| Amounts receivable within one year | 40/41 | €467 | €2,479 | +€2,012 | +430.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €467 | €2,479 | +€2,012 | +430.7% |
| Current investments | 50/53 | €1,248,698 | €1,231,158 | -€17,540 | -1.4% |
| Cash at bank and in hand | 54/58 | €168,822 | €213,146 | +€44,324 | +26.3% |
| Deferred charges and accrued income | 490/1 | €6,000 | €0 | -€6,000 | -100.0% |
| Total equity and liabilities | 10/49 | €1,424,487 | €1,448,066 | +€23,579 | +1.7% |
| Equity | 10/15 | €1,412,965 | €1,438,418 | +€25,452 | +1.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,394,373 | €1,419,826 | +€25,452 | +1.8% |
| Distributable reserves | 133 | €1,394,373 | €1,419,826 | +€25,452 | +1.8% |
| Amounts payable | 17/49 | €11,522 | €9,648 | -€1,874 | -16.3% |
| Amounts payable within one year | 42/48 | €11,522 | €9,648 | -€1,874 | -16.3% |
| Trade debts | 44 | €445 | €525 | +€80 | +17.9% |
| Suppliers | 440/4 | €445 | €525 | +€80 | +17.9% |
| Taxes, remuneration and social security | 45 | €9,359 | €5,178 | -€4,182 | -44.7% |
| Taxes | 450/3 | €9,359 | €5,178 | -€4,182 | -44.7% |
| Other amounts payable | 47/48 | €1,717 | €3,945 | +€2,228 | +129.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €216 | +€216 | |
| Other operating charges | 640/8 | €1,255 | €1,435 | +€181 | +14.4% |
| Gross operating margin | 9900 | €23,523 | €20,251 | -€3,272 | -13.9% |
| Operating profit (loss) | 9901 | €22,269 | €18,599 | -€3,669 | -16.5% |
| Financial income | 75/76B | €6,954 | €23,925 | +€16,971 | +244.0% |
| Recurring financial income | 75 | €6,954 | €23,925 | +€16,971 | +244.0% |
| Financial charges | 65/66B | -€11,944 | €2,410 | +€14,354 | |
| Recurring financial charges | 65 | -€14,829 | €2,410 | +€17,239 | |
| Non-recurring financial charges | 66B | €2,886 | €0 | -€2,886 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €41,166 | €40,114 | -€1,052 | -2.6% |
| Income taxes | 67/77 | €9,764 | €14,662 | +€4,898 | +50.2% |
| Profit (loss) for the period | 9904 | €31,402 | €25,452 | -€5,950 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,402 | €25,452 | -€5,950 | -18.9% |
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 10 October 2026 via checked.be.