WILLEMS JOS: 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 JOS
Largest movements
- Receivables within one year +€198,867
up €198,867 (+174%), from €114,420 to €313,287
of which Trade receivables: +€198,841
- Cash +€85,209
up €85,209 (+261%), from €32,610 to €117,819
mainly Trade debts (+€149,663) and Other debts (+€87,198)
- Trade debts +€149,663
new in 2025: €149,663
- Other debts +€87,198
up €87,198 (+71.0%), from €122,891 to €210,089
- Current portion of long-term debt -€79,182
down €79,182 (-96.9%), from €81,716 to €2,534
- Debts after one year +€50,968
up €50,968 (+13.2%), from €384,799 to €435,768
- Reserves +€49,926
up €49,926 (+21.6%), from €230,933 to €280,858
of which Distributable reserves: +€49,926
- Gross operating margin +€42,538
up €42,538 (+25.7%), from €165,440 to €207,978
- Taxes +€8,623
up €8,623 (+1,004%), from €859 to €9,482
- Staff costs -€6,381
down €6,381 (-8.8%), from €72,261 to €65,880
- Financial charges -€3,634
down €3,634 (-18.9%), from €19,262 to €15,629
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 | €873,635 | €1,164,932 | +€291,297 | +33.3% |
| Fixed assets | 21/28 | €538,281 | €545,502 | +€7,221 | +1.3% |
| Tangible fixed assets | 22/27 | €538,171 | €545,392 | +€7,221 | +1.3% |
| Land and buildings | 22 | €400,501 | €415,886 | +€15,386 | +3.8% |
| Plant, machinery and equipment | 23 | €91,813 | €66,028 | -€25,785 | -28.1% |
| Furniture and vehicles | 24 | €45,857 | €63,477 | +€17,620 | +38.4% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €335,354 | €619,430 | +€284,076 | +84.7% |
| Stocks and contracts in progress | 3 | €186,038 | €186,038 | = | 0.0% |
| Stocks | 30/36 | €186,038 | €186,038 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €114,420 | €313,287 | +€198,867 | +174% |
| Trade receivables | 40 | €99,463 | €298,304 | +€198,841 | +200% |
| Other amounts receivable | 41 | €14,957 | €14,983 | +€26 | +0.2% |
| Cash at bank and in hand | 54/58 | €32,610 | €117,819 | +€85,209 | +261% |
| Deferred charges and accrued income | 490/1 | €2,286 | €2,286 | = | 0.0% |
| Total equity and liabilities | 10/49 | €873,635 | €1,164,932 | +€291,297 | +33.3% |
| Equity | 10/15 | €249,533 | €299,458 | +€49,926 | +20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €230,933 | €280,858 | +€49,926 | +21.6% |
| Non-distributable reserves | 130/1 | €86,224 | €86,224 | = | 0.0% |
| Reserves not available under the articles | 1311 | €86,224 | €86,224 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,900 | €41,900 | = | 0.0% |
| Distributable reserves | 133 | €102,809 | €152,735 | +€49,926 | +48.6% |
| Amounts payable | 17/49 | €624,102 | €865,474 | +€241,371 | +38.7% |
| Amounts payable after more than one year | 17 | €384,799 | €435,768 | +€50,968 | +13.2% |
| Financial debts | 170/4 | €384,799 | €435,768 | +€50,968 | +13.2% |
| Amounts payable within one year | 42/48 | €238,216 | €428,619 | +€190,403 | +79.9% |
| Current portion of amounts payable after more than one year | 42 | €81,716 | €2,534 | -€79,182 | -96.9% |
| Trade debts | 44 | - | €149,663 | +€149,663 | |
| Suppliers | 440/4 | - | €149,663 | +€149,663 | |
| Advances received on contracts in progress | 46 | €5,507 | €5,507 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €28,102 | €60,826 | +€32,723 | +116% |
| Taxes | 450/3 | €22,720 | €56,754 | +€34,035 | +150% |
| Remuneration and social security | 454/9 | €5,383 | €4,071 | -€1,311 | -24.4% |
| Other amounts payable | 47/48 | €122,891 | €210,089 | +€87,198 | +71.0% |
| Accrued charges and deferred income | 492/3 | €1,087 | €1,087 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €72,261 | €65,880 | -€6,381 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,901 | €64,395 | +€1,494 | +2.4% |
| Other operating charges | 640/8 | €3,924 | €2,673 | -€1,251 | -31.9% |
| Gross operating margin | 9900 | €165,440 | €207,978 | +€42,538 | +25.7% |
| Operating profit (loss) | 9901 | €26,354 | €75,030 | +€48,677 | +185% |
| Financial income | 75/76B | €21 | €5 | -€16 | -74.1% |
| Recurring financial income | 75 | €21 | €5 | -€16 | -74.1% |
| Financial charges | 65/66B | €19,262 | €15,629 | -€3,634 | -18.9% |
| Recurring financial charges | 65 | €19,262 | €15,629 | -€3,634 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €7,112 | €59,407 | +€52,295 | +735% |
| Income taxes | 67/77 | €859 | €9,482 | +€8,623 | +1,004% |
| Profit (loss) for the period | 9904 | €6,254 | €49,926 | +€43,672 | +698% |
| Profit (loss) for the period to be appropriated | 9905 | €6,254 | €49,926 | +€43,672 | +698% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.