WILLEMS ELECTRICITE: 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 ELECTRICITE
Largest movements
- Receivables within one year -€19,668
down €19,668 (-49.5%), from €39,702 to €20,034
of which Trade receivables: -€14,461
- Tangible fixed assets -€8,573
down €8,573 (-20.8%), from €41,240 to €32,668
- Stocks and contracts +€7,870
up €7,870 (+230%), from €3,418 to €11,288
of which Contracts in progress: +€7,393
- Cash +€2,399
up €2,399 (+20.5%), from €11,679 to €14,078
mainly Debts after one year (+€25,172) and Receivables within one year (+€19,668)
- Deferred charges and accrued income +€2,086
up €2,086 (+2,646%), from €79 to €2,165
- Other debts -€31,026
down €31,026 (-100%), from €31,026 to €0
- Debts after one year +€25,172
up €25,172 (+370%), from €6,803 to €31,975
of which Other amounts payable: +€30,261
- Trade debts -€15,757
down €15,757 (-53.1%), from €29,653 to €13,896
- Profit (loss) carried forward +€4,186
up €4,186, from -€28 to €4,158
- Tax, wage and social debts +€1,841
up €1,841 (+36.5%), from €5,049 to €6,890
of which Taxes: +€1,043
- Staff costs +€4,803
up €4,803 (+9.3%), from €51,735 to €56,538
- Depreciation -€1,532
down €1,532 (-11.3%), from €13,609 to €12,078
- Write-downs -€872
down €872, from €436 to -€436
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 | €96,493 | €80,608 | -€15,885 | -16.5% |
| Fixed assets | 21/28 | €41,615 | €33,043 | -€8,573 | -20.6% |
| Tangible fixed assets | 22/27 | €41,240 | €32,668 | -€8,573 | -20.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €9,277 | €5,871 | -€3,406 | -36.7% |
| Furniture and vehicles | 24 | €11,410 | €8,887 | -€2,523 | -22.1% |
| Other tangible fixed assets | 26 | €20,554 | €17,910 | -€2,644 | -12.9% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €54,878 | €47,565 | -€7,313 | -13.3% |
| Stocks and contracts in progress | 3 | €3,418 | €11,288 | +€7,870 | +230% |
| Stocks | 30/36 | €3,418 | €3,895 | +€477 | +14.0% |
| Contracts in progress | 37 | €0 | €7,393 | +€7,393 | |
| Amounts receivable within one year | 40/41 | €39,702 | €20,034 | -€19,668 | -49.5% |
| Trade receivables | 40 | €26,329 | €11,868 | -€14,461 | -54.9% |
| Other amounts receivable | 41 | €13,373 | €8,166 | -€5,208 | -38.9% |
| Cash at bank and in hand | 54/58 | €11,679 | €14,078 | +€2,399 | +20.5% |
| Deferred charges and accrued income | 490/1 | €79 | €2,165 | +€2,086 | +2,646% |
| Total equity and liabilities | 10/49 | €96,493 | €80,608 | -€15,885 | -16.5% |
| Equity | 10/15 | €18,572 | €22,758 | +€4,186 | +22.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28 | €4,158 | +€4,186 | |
| Amounts payable | 17/49 | €77,921 | €57,850 | -€20,071 | -25.8% |
| Amounts payable after more than one year | 17 | €6,803 | €31,975 | +€25,172 | +370% |
| Financial debts | 170/4 | €6,803 | €1,713 | -€5,090 | -74.8% |
| Other amounts payable | 178/9 | - | €30,261 | +€30,261 | |
| Amounts payable within one year | 42/48 | €71,118 | €25,875 | -€45,243 | -63.6% |
| Current portion of amounts payable after more than one year | 42 | €5,391 | €5,090 | -€301 | -5.6% |
| Trade debts | 44 | €29,653 | €13,896 | -€15,757 | -53.1% |
| Suppliers | 440/4 | €29,653 | €13,896 | -€15,757 | -53.1% |
| Taxes, remuneration and social security | 45 | €5,049 | €6,890 | +€1,841 | +36.5% |
| Taxes | 450/3 | €23 | €1,066 | +€1,043 | +4,552% |
| Remuneration and social security | 454/9 | €5,026 | €5,824 | +€798 | +15.9% |
| Other amounts payable | 47/48 | €31,026 | €0 | -€31,026 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €51,735 | €56,538 | +€4,803 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,609 | €12,078 | -€1,532 | -11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €436 | -€436 | -€872 | |
| Other operating charges | 640/8 | €1,437 | €1,038 | -€400 | -27.8% |
| Gross operating margin | 9900 | €75,690 | €75,563 | -€127 | -0.2% |
| Operating profit (loss) | 9901 | €8,472 | €6,346 | -€2,127 | -25.1% |
| Financial income | 75/76B | €7 | €3 | -€4 | -56.0% |
| Recurring financial income | 75 | €7 | €3 | -€4 | -56.0% |
| Financial charges | 65/66B | €2,641 | €2,163 | -€478 | -18.1% |
| Recurring financial charges | 65 | €2,641 | €2,163 | -€478 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €5,838 | €4,186 | -€1,652 | -28.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €5,838 | €4,186 | -€1,652 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,838 | €4,186 | -€1,652 | -28.3% |
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 28 October 2026 via checked.be.