WILLEMS ENGINEERING: what changed
Two fiscal 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 ENGINEERING
Largest movements
- Cash +€76,015
up €76,015 (+23.3%), from €326,696 to €402,711
mainly Other debts (+€75,471) and Depreciation (+€58,275)
- Tangible fixed assets -€58,275
down €58,275 (-3.5%), from €1.6m to €1.6m
of which Land and buildings: -€56,703
- Receivables within one year +€28,097
up €28,097 (+73.4%), from €38,277 to €66,374
of which Trade receivables: +€26,970
- Reserves -€79,123
down €79,123 (-28.8%), from €274,911 to €195,788
of which Distributable reserves: -€79,123
- Other debts +€75,471
up €75,471 (+19.9%), from €379,473 to €454,944
- Profit (loss) carried forward +€49,000
up €49,000 (+3.2%), from €1.5m to €1.6m
- Gross operating margin -€103,569
down €103,569 (-38.8%), from €266,686 to €163,117
- Taxes -€33,598
down €33,598 (-64.9%), from €51,742 to €18,144
- Depreciation -€15,651
down €15,651 (-21.2%), from €73,926 to €58,275
- Financial charges +€7,782
up €7,782 (+37.0%), from €21,011 to €28,793
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 | €2,248,218 | €2,292,629 | +€44,411 | +2.0% |
| Fixed assets | 21/28 | €1,649,781 | €1,591,506 | -€58,275 | -3.5% |
| Tangible fixed assets | 22/27 | €1,649,781 | €1,591,506 | -€58,275 | -3.5% |
| Land and buildings | 22 | €1,643,159 | €1,586,456 | -€56,703 | -3.5% |
| Furniture and vehicles | 24 | €6,622 | €5,050 | -€1,572 | -23.7% |
| Current assets | 29/58 | €598,437 | €701,123 | +€102,686 | +17.2% |
| Amounts receivable after more than one year | 29 | €225,000 | €225,000 | = | 0.0% |
| Other amounts receivable | 291 | €225,000 | €225,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €8,464 | €7,038 | -€1,426 | -16.8% |
| Stocks | 30/36 | €8,464 | €7,038 | -€1,426 | -16.8% |
| Amounts receivable within one year | 40/41 | €38,277 | €66,374 | +€28,097 | +73.4% |
| Trade receivables | 40 | €37,224 | €64,194 | +€26,970 | +72.5% |
| Other amounts receivable | 41 | €1,053 | €2,180 | +€1,127 | +107.0% |
| Cash at bank and in hand | 54/58 | €326,696 | €402,711 | +€76,015 | +23.3% |
| Total equity and liabilities | 10/49 | €2,248,218 | €2,292,629 | +€44,411 | +2.0% |
| Equity | 10/15 | €1,829,121 | €1,798,998 | -€30,123 | -1.6% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €274,911 | €195,788 | -€79,123 | -28.8% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €237,411 | €158,288 | -€79,123 | -33.3% |
| Profit (loss) carried forward | 14 | €1,534,379 | €1,583,379 | +€49,000 | +3.2% |
| Amounts payable | 17/49 | €419,097 | €493,631 | +€74,534 | +17.8% |
| Amounts payable within one year | 42/48 | €419,097 | €493,631 | +€74,534 | +17.8% |
| Trade debts | 44 | €26,215 | €11,774 | -€14,441 | -55.1% |
| Suppliers | 440/4 | €26,215 | €11,774 | -€14,441 | -55.1% |
| Taxes, remuneration and social security | 45 | €13,409 | €26,913 | +€13,504 | +100.7% |
| Taxes | 450/3 | €11,742 | €25,246 | +€13,504 | +115.0% |
| Remuneration and social security | 454/9 | €1,667 | €1,667 | = | 0.0% |
| Other amounts payable | 47/48 | €379,473 | €454,944 | +€75,471 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,926 | €58,275 | -€15,651 | -21.2% |
| Other operating charges | 640/8 | €9,670 | €9,249 | -€421 | -4.4% |
| Gross operating margin | 9900 | €266,686 | €163,117 | -€103,569 | -38.8% |
| Operating profit (loss) | 9901 | €183,090 | €95,593 | -€87,497 | -47.8% |
| Financial income | 75/76B | €922 | €344 | -€578 | -62.7% |
| Recurring financial income | 75 | €922 | €344 | -€578 | -62.7% |
| Financial charges | 65/66B | €21,011 | €28,793 | +€7,782 | +37.0% |
| Recurring financial charges | 65 | €21,011 | €28,793 | +€7,782 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €163,001 | €67,144 | -€95,857 | -58.8% |
| Income taxes | 67/77 | €51,742 | €18,144 | -€33,598 | -64.9% |
| Profit (loss) for the period | 9904 | €111,259 | €49,000 | -€62,259 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,259 | €49,000 | -€62,259 | -56.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.