WILLEMS HELMUT: 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 HELMUT
Largest movements
- Receivables within one year +€10,960
up €10,960 (+30.6%), from €35,767 to €46,727
of which Trade receivables: +€6,434
- Tangible fixed assets -€6,303
down €6,303 (-13.9%), from €45,441 to €39,139
of which Plant, machinery and equipment: -€4,356
- Cash -€4,511
down €4,511 (-53.1%), from €8,503 to €3,991
mainly Trade debts (-€11,265) and Receivables within one year (-€10,960)
- Profit (loss) carried forward +€12,280
up €12,280 (+30.7%), from -€39,999 to -€27,719
- Trade debts -€11,265
down €11,265 (-76.6%), from €14,699 to €3,434
- Depreciation -€5,106
down €5,106 (-40.3%), from €12,659 to €7,553
- Gross operating margin -€2,094
down €2,094 (-8.0%), from €26,086 to €23,993
- Financial charges -€1,173
down €1,173 (-24.8%), from €4,724 to €3,550
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 | €93,527 | €94,035 | +€508 | +0.5% |
| Fixed assets | 21/28 | €48,233 | €41,930 | -€6,303 | -13.1% |
| Tangible fixed assets | 22/27 | €45,441 | €39,139 | -€6,303 | -13.9% |
| Land and buildings | 22 | €4,203 | €3,713 | -€490 | -11.7% |
| Plant, machinery and equipment | 23 | €34,636 | €30,281 | -€4,356 | -12.6% |
| Furniture and vehicles | 24 | €6,601 | €5,144 | -€1,457 | -22.1% |
| Financial fixed assets | 28 | €2,792 | €2,792 | = | 0.0% |
| Current assets | 29/58 | €45,294 | €52,105 | +€6,811 | +15.0% |
| Stocks and contracts in progress | 3 | €800 | €800 | = | 0.0% |
| Stocks | 30/36 | €800 | €800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,767 | €46,727 | +€10,960 | +30.6% |
| Trade receivables | 40 | €17,223 | €23,657 | +€6,434 | +37.4% |
| Other amounts receivable | 41 | €18,544 | €23,070 | +€4,526 | +24.4% |
| Cash at bank and in hand | 54/58 | €8,503 | €3,991 | -€4,511 | -53.1% |
| Deferred charges and accrued income | 490/1 | €225 | €587 | +€362 | +161% |
| Total equity and liabilities | 10/49 | €93,527 | €94,035 | +€508 | +0.5% |
| Equity | 10/15 | -€20,797 | -€8,719 | +€12,078 | +58.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €201 | €0 | -€201 | -100% |
| Tax-exempt reserves | 132 | €201 | €0 | -€201 | -100% |
| Profit (loss) carried forward | 14 | -€39,999 | -€27,719 | +€12,280 | +30.7% |
| Provisions and deferred taxes | 16 | €67 | €0 | -€67 | -100% |
| Deferred taxes | 168 | €67 | €0 | -€67 | -100% |
| Amounts payable | 17/49 | €114,257 | €102,754 | -€11,503 | -10.1% |
| Amounts payable after more than one year | 17 | €62,429 | €62,944 | +€514 | +0.8% |
| Financial debts | 170/4 | €62,429 | €62,944 | +€514 | +0.8% |
| Amounts payable within one year | 42/48 | €51,018 | €39,811 | -€11,208 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €5,214 | €5,214 | = | 0.0% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €14,699 | €3,434 | -€11,265 | -76.6% |
| Suppliers | 440/4 | €14,699 | €3,434 | -€11,265 | -76.6% |
| Taxes, remuneration and social security | 45 | €1,105 | €1,162 | +€57 | +5.1% |
| Taxes | 450/3 | €1,105 | €1,162 | +€57 | +5.1% |
| Accrued charges and deferred income | 492/3 | €809 | €0 | -€809 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €385 | €434 | +€49 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,659 | €7,553 | -€5,106 | -40.3% |
| Other operating charges | 640/8 | €1,048 | €886 | -€162 | -15.4% |
| Gross operating margin | 9900 | €26,086 | €23,993 | -€2,094 | -8.0% |
| Operating profit (loss) | 9901 | €11,995 | €15,120 | +€3,126 | +26.1% |
| Financial income | 75/76B | €473 | €632 | +€159 | +33.5% |
| Recurring financial income | 75 | €473 | €632 | +€159 | +33.5% |
| Financial charges | 65/66B | €4,724 | €3,550 | -€1,173 | -24.8% |
| Recurring financial charges | 65 | €4,724 | €3,550 | -€1,173 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €7,744 | €12,202 | +€4,458 | +57.6% |
| Transfer from deferred taxes | 780 | €607 | €67 | -€540 | -88.9% |
| Income taxes | 67/77 | €406 | €191 | -€215 | -53.0% |
| Profit (loss) for the period | 9904 | €7,945 | €12,078 | +€4,133 | +52.0% |
| Transfer from tax-exempt reserves | 789 | €1,820 | €201 | -€1,619 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,765 | €12,280 | +€2,514 | +25.7% |
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 25 October 2026 via checked.be.