WILLEMS FILIP: what changed
What changed
WILLEMS FILIP
NACE 01.191, Growing of flowers
filed annual accounts (NBB)
Net result for the year
€71,536
2024 · €63,156+€8,380
Equity
€2.1m
2024 · €2.0m+€71,536
Cash
€29,046
2024 · €49,333-€20,287
Balance sheet total
€4.4m
2024 · €4.6m-€246,464
Largest movements
Assets
- Stocks and contracts -€375,820
down €375,820 (-13.4%), from €2.8m to €2.4m
- Receivables within one year -€258,696
down €258,696 (-57.4%), from €450,956 to €192,260
of which Trade receivables: -€241,292
- Tangible fixed assets +€244,059
up €244,059 (+23.6%), from €1.0m to €1.3m
of which Land and buildings: +€332,096
- Receivables after one year +€163,710
up €163,710 (+62.3%), from €262,865 to €426,575
Equity and liabilities
- Trade debts -€346,781
down €346,781 (-36.5%), from €949,173 to €602,392
- Tax, wage and social debts -€174,626
down €174,626 (-46.8%), from €373,407 to €198,781
of which Remuneration and social security: -€133,132
- Current portion of long-term debt +€130,168
up €130,168 (+165%), from €78,683 to €208,852
- Debts after one year +€112,986
up €112,986 (+12.6%), from €896,704 to €1.0m
of which Financial debts: +€262,061
- Advances received -€80,000
down €80,000 (-100%), from €80,000 to €0
Income statement
- Staff costs -€93,205
down €93,205 (-8.8%), from €1.1m to €963,519
- Financial charges +€67,223
up €67,223 (+84.4%), from €79,639 to €146,862
- Other operating charges +€32,612
up €32,612 (+127%), from €25,615 to €58,227
- Gross operating margin +€18,031
up €18,031 (+1.3%), from €1.4m to €1.4m
- Depreciation +€15,086
up €15,086 (+12.4%), from €122,087 to €137,172
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
€63,156
Gross operating margin
+€18,031
Staff costs
+€93,205
Depreciation
-€15,086
Other operating charges
-€32,612
Other operating items
+€8,211
Financial income
+€4,998
Financial charges
-€67,223
Taxes
-€1,143
Result 2025
€71,536
raises the resultlowers the resultnot broken down further in the accounts
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
+€72,791
Investment
-€381,231
Financing
+€288,154
Cash 2024
€49,333
From operations (derived)
+€72,791
Net result for the year
+€71,536
Depreciation
+€137,172
Receivables after one year
-€163,710
Stocks and contracts
+€375,820
Receivables within one year
+€258,696
Smaller working-capital items
-€330
Trade debts
-€346,781
Tax, wage and social debts
-€174,626
Advances received
-€80,000
Accrued charges and deferred income
-€4,987
Investment (derived)
-€381,231
Investment in fixed assets (net)
-€381,231
Financing
+€288,154
Debts after one year
+€112,986
Current portion of long-term debt
+€130,168
Short-term financial debts
+€45,000
Cash 2025
€29,046
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,645,989 | €4,399,525 | -€246,464 | -5.3% |
| Fixed assets | 21/28 | €1,036,584 | €1,280,643 | +€244,059 | +23.5% |
| Tangible fixed assets | 22/27 | €1,035,708 | €1,279,767 | +€244,059 | +23.6% |
| Land and buildings | 22 | €812,409 | €1,144,505 | +€332,096 | +40.9% |
| Plant, machinery and equipment | 23 | €156,573 | €123,468 | -€33,105 | -21.1% |
| Furniture and vehicles | 24 | €21,726 | €11,794 | -€9,932 | -45.7% |
| Assets under construction and advance payments | 27 | €45,000 | €0 | -€45,000 | -100% |
| Financial fixed assets | 28 | €876 | €876 | = | 0.0% |
| Current assets | 29/58 | €3,609,405 | €3,118,883 | -€490,523 | -13.6% |
| Amounts receivable after more than one year | 29 | €262,865 | €426,575 | +€163,710 | +62.3% |
| Other amounts receivable | 291 | €262,865 | €426,575 | +€163,710 | +62.3% |
| Stocks and contracts in progress | 3 | €2,815,089 | €2,439,269 | -€375,820 | -13.4% |
| Stocks | 30/36 | €2,815,089 | €2,439,269 | -€375,820 | -13.4% |
| Amounts receivable within one year | 40/41 | €450,956 | €192,260 | -€258,696 | -57.4% |
| Trade receivables | 40 | €305,648 | €64,357 | -€241,292 | -78.9% |
| Other amounts receivable | 41 | €145,308 | €127,904 | -€17,405 | -12.0% |
| Cash at bank and in hand | 54/58 | €49,333 | €29,046 | -€20,287 | -41.1% |
| Deferred charges and accrued income | 490/1 | €31,162 | €31,732 | +€570 | +1.8% |
| Total equity and liabilities | 10/49 | €4,645,989 | €4,399,525 | -€246,464 | -5.3% |
| Equity | 10/15 | €2,046,650 | €2,118,186 | +€71,536 | +3.5% |
| Contributions | 10/11 | €1,376,700 | €1,376,700 | = | 0.0% |
| Revaluation surpluses | 12 | €293,000 | €293,000 | = | 0.0% |
| Reserves | 13 | €376,950 | €448,486 | +€71,536 | +19.0% |
| Distributable reserves | 133 | €376,950 | €448,486 | +€71,536 | +19.0% |
| Amounts payable | 17/49 | €2,599,339 | €2,281,340 | -€318,000 | -12.2% |
| Amounts payable after more than one year | 17 | €896,704 | €1,009,690 | +€112,986 | +12.6% |
| Financial debts | 170/4 | €272,629 | €534,690 | +€262,061 | +96.1% |
| Other amounts payable | 178/9 | €624,075 | €475,000 | -€149,075 | -23.9% |
| Amounts payable within one year | 42/48 | €1,690,313 | €1,264,314 | -€425,998 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €78,683 | €208,852 | +€130,168 | +165% |
| Financial debts | 43 | €200,000 | €245,000 | +€45,000 | +22.5% |
| Credit institutions | 430/8 | €200,000 | €175,000 | -€25,000 | -12.5% |
| Other loans | 439 | - | €70,000 | +€70,000 | |
| Trade debts | 44 | €949,173 | €602,392 | -€346,781 | -36.5% |
| Suppliers | 440/4 | €949,173 | €602,392 | -€346,781 | -36.5% |
| Advances received on contracts in progress | 46 | €80,000 | €0 | -€80,000 | -100% |
| Taxes, remuneration and social security | 45 | €373,407 | €198,781 | -€174,626 | -46.8% |
| Taxes | 450/3 | €140,476 | €98,982 | -€41,494 | -29.5% |
| Remuneration and social security | 454/9 | €232,931 | €99,799 | -€133,132 | -57.2% |
| Other amounts payable | 47/48 | €9,050 | €9,290 | +€240 | +2.7% |
| Accrued charges and deferred income | 492/3 | €12,323 | €7,336 | -€4,987 | -40.5% |
| Non-recurring operating income | 76A | €300 | - | -€300 | |
| Remuneration, social security and pensions | 62 | €1,056,724 | €963,519 | -€93,205 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,087 | €137,172 | +€15,086 | +12.4% |
| Other operating charges | 640/8 | €25,615 | €58,227 | +€32,612 | +127% |
| Non-recurring operating charges | 66A | €8,211 | €0 | -€8,211 | -100% |
| Gross operating margin | 9900 | €1,378,222 | €1,396,252 | +€18,031 | +1.3% |
| Operating profit (loss) | 9901 | €165,586 | €237,334 | +€71,748 | +43.3% |
| Financial income | 75/76B | €6,852 | €11,851 | +€4,998 | +72.9% |
| Recurring financial income | 75 | €6,852 | €11,851 | +€4,998 | +72.9% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €79,639 | €146,862 | +€67,223 | +84.4% |
| Recurring financial charges | 65 | €79,639 | €146,862 | +€67,223 | +84.4% |
| Profit (loss) for the period before taxes | 9903 | €92,799 | €102,323 | +€9,524 | +10.3% |
| Income taxes | 67/77 | €29,643 | €30,786 | +€1,143 | +3.9% |
| Profit (loss) for the period | 9904 | €63,156 | €71,536 | +€8,380 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,156 | €71,536 | +€8,380 | +13.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.