Willems Holding: 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 Holding
Largest movements
- Receivables within one year +€116,874
up €116,874 (+155%), from €75,264 to €192,138
of which Trade receivables: +€110,000
- Other debts +€123,219
up €123,219 (+47.4%), from €259,842 to €383,061
- Debts after one year -€86,605
down €86,605 (-43.0%), from €201,181 to €114,576
- Reserves +€68,110
up €68,110 (+263%), from €25,913 to €94,023
- Accrued charges and deferred income +€14,000
up €14,000 (+252%), from €5,548 to €19,548
- Gross operating margin +€107,631
up €107,631, from -€15,621 to €92,010
- Taxes +€12,863
up €12,863 (+5,345%), from €241 to €13,103
- Financial charges +€2,128
up €2,128 (+17.3%), from €12,288 to €14,417
- Financial income +€1,233
up €1,233 (+42.4%), from €2,907 to €4,140
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 | €601,504 | €715,293 | +€113,788 | +18.9% |
| Fixed assets | 21/28 | €520,000 | €520,000 | = | 0.0% |
| Financial fixed assets | 28 | €520,000 | €520,000 | = | 0.0% |
| Current assets | 29/58 | €81,504 | €195,293 | +€113,788 | +140% |
| Amounts receivable within one year | 40/41 | €75,264 | €192,138 | +€116,874 | +155% |
| Trade receivables | 40 | €0 | €110,000 | +€110,000 | |
| Other amounts receivable | 41 | €75,264 | €82,138 | +€6,874 | +9.1% |
| Cash at bank and in hand | 54/58 | €6,240 | €3,155 | -€3,086 | -49.4% |
| Total equity and liabilities | 10/49 | €601,504 | €715,293 | +€113,788 | +18.9% |
| Equity | 10/15 | €27,913 | €96,023 | +€68,110 | +244% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,913 | €94,023 | +€68,110 | +263% |
| Distributable reserves | 133 | €25,913 | €94,023 | +€68,110 | +263% |
| Amounts payable | 17/49 | €573,591 | €619,270 | +€45,679 | +8.0% |
| Amounts payable after more than one year | 17 | €201,181 | €114,576 | -€86,605 | -43.0% |
| Financial debts | 170/4 | €201,181 | €114,576 | -€86,605 | -43.0% |
| Amounts payable within one year | 42/48 | €366,862 | €485,146 | +€118,284 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €85,161 | €86,605 | +€1,444 | +1.7% |
| Trade debts | 44 | €1,368 | €2,136 | +€768 | +56.1% |
| Suppliers | 440/4 | €1,368 | €2,136 | +€768 | +56.1% |
| Taxes, remuneration and social security | 45 | €20,491 | €13,344 | -€7,147 | -34.9% |
| Taxes | 450/3 | €14,491 | €13,344 | -€1,147 | -7.9% |
| Remuneration and social security | 454/9 | €6,000 | €0 | -€6,000 | -100% |
| Other amounts payable | 47/48 | €259,842 | €383,061 | +€123,219 | +47.4% |
| Accrued charges and deferred income | 492/3 | €5,548 | €19,548 | +€14,000 | +252% |
| Other operating charges | 640/8 | €901 | €520 | -€382 | -42.3% |
| Gross operating margin | 9900 | -€15,621 | €92,010 | +€107,631 | |
| Operating profit (loss) | 9901 | -€16,523 | €91,490 | +€108,013 | |
| Financial income | 75/76B | €2,907 | €4,140 | +€1,233 | +42.4% |
| Recurring financial income | 75 | €2,907 | €4,140 | +€1,233 | +42.4% |
| Financial charges | 65/66B | €12,288 | €14,417 | +€2,128 | +17.3% |
| Recurring financial charges | 65 | €12,288 | €14,417 | +€2,128 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,904 | €81,213 | +€107,117 | |
| Income taxes | 67/77 | €241 | €13,103 | +€12,863 | +5,345% |
| Profit (loss) for the period | 9904 | -€26,145 | €68,110 | +€94,254 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,145 | €68,110 | +€94,254 |
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 22 October 2026 via checked.be.