WILLEMS-GILIS: 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-GILIS
Largest movements
- Tangible fixed assets -€22,355
down €22,355 (-6.1%), from €368,874 to €346,519
of which Land and buildings: -€15,001
- Cash +€11,645
up €11,645 (+281%), from €4,141 to €15,786
mainly Depreciation (+€33,819) and Other debts (+€29,946)
- Receivables within one year +€5,559
up €5,559 (+72.0%), from €7,718 to €13,277
of which Trade receivables: +€6,274
- Other debts +€29,946
up €29,946 (+23.4%), from €127,734 to €157,680
- Debts after one year -€15,868
down €15,868 (-8.4%), from €188,957 to €173,088
- Trade debts -€14,856
down €14,856 (-69.5%), from €21,374 to €6,518
- Profit (loss) carried forward -€6,163
down €6,163 (-40.3%), from -€15,296 to -€21,459
- Staff costs -€6,281
down €6,281 (-30.2%), from €20,818 to €14,537
- Depreciation +€2,391
up €2,391 (+7.6%), from €31,427 to €33,819
- Gross operating margin -€1,563
down €1,563 (-3.1%), from €49,814 to €48,251
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €387,147 | €382,212 | -€4,935 | -1.3% |
| Fixed assets | 21/28 | €368,874 | €346,519 | -€22,355 | -6.1% |
| Tangible fixed assets | 22/27 | €368,874 | €346,519 | -€22,355 | -6.1% |
| Land and buildings | 22 | €332,626 | €317,625 | -€15,001 | -4.5% |
| Plant, machinery and equipment | 23 | €23,204 | €17,180 | -€6,024 | -26.0% |
| Furniture and vehicles | 24 | €13,044 | €11,714 | -€1,329 | -10.2% |
| Current assets | 29/58 | €18,273 | €35,692 | +€17,419 | +95.3% |
| Stocks and contracts in progress | 3 | €6,414 | €6,629 | +€215 | +3.4% |
| Stocks | 30/36 | €6,414 | €6,629 | +€215 | +3.4% |
| Amounts receivable within one year | 40/41 | €7,718 | €13,277 | +€5,559 | +72.0% |
| Trade receivables | 40 | €1,076 | €7,350 | +€6,274 | +583% |
| Other amounts receivable | 41 | €6,643 | €5,927 | -€716 | -10.8% |
| Cash at bank and in hand | 54/58 | €4,141 | €15,786 | +€11,645 | +281% |
| Total equity and liabilities | 10/49 | €387,147 | €382,212 | -€4,935 | -1.3% |
| Equity | 10/15 | €32,676 | €26,513 | -€6,163 | -18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,372 | €29,372 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,512 | €27,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,296 | -€21,459 | -€6,163 | -40.3% |
| Amounts payable | 17/49 | €354,471 | €355,699 | +€1,228 | +0.3% |
| Amounts payable after more than one year | 17 | €188,957 | €173,088 | -€15,868 | -8.4% |
| Financial debts | 170/4 | €188,957 | €173,088 | -€15,868 | -8.4% |
| Amounts payable within one year | 42/48 | €165,514 | €182,611 | +€17,096 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €15,614 | €15,868 | +€255 | +1.6% |
| Trade debts | 44 | €21,374 | €6,518 | -€14,856 | -69.5% |
| Suppliers | 440/4 | €21,374 | €6,518 | -€14,856 | -69.5% |
| Taxes, remuneration and social security | 45 | €793 | €2,545 | +€1,752 | +221% |
| Taxes | 450/3 | €170 | €319 | +€148 | +87.1% |
| Remuneration and social security | 454/9 | €623 | €2,226 | +€1,603 | +257% |
| Other amounts payable | 47/48 | €127,734 | €157,680 | +€29,946 | +23.4% |
| Non-recurring operating income | 76A | - | €4 | +€4 | |
| Remuneration, social security and pensions | 62 | €20,818 | €14,537 | -€6,281 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,427 | €33,819 | +€2,391 | +7.6% |
| Other operating charges | 640/8 | €2,636 | €2,480 | -€156 | -5.9% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Gross operating margin | 9900 | €49,814 | €48,251 | -€1,563 | -3.1% |
| Operating profit (loss) | 9901 | -€5,068 | -€2,635 | +€2,433 | +48.0% |
| Financial income | 75/76B | €9 | €2 | -€7 | -76.7% |
| Recurring financial income | 75 | €9 | €2 | -€7 | -76.7% |
| Financial charges | 65/66B | €3,372 | €3,212 | -€160 | -4.7% |
| Recurring financial charges | 65 | €3,372 | €3,212 | -€160 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,430 | -€5,845 | +€2,585 | +30.7% |
| Income taxes | 67/77 | €170 | €319 | +€148 | +87.1% |
| Profit (loss) for the period | 9904 | -€8,600 | -€6,163 | +€2,437 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,600 | -€6,163 | +€2,437 | +28.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.