WILLEMS-NAMECHE: 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.
What changed
WILLEMS-NAMECHE
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€23,169
2024 · -€53,066+€76,235
Equity
€22,986
2024 · €2,997+€19,988
Cash
€13,085
2024 · €13,037+€47
Balance sheet total
€247,999
2024 · €330,919-€82,919
Largest movements
Assets
- Receivables within one year -€56,977
down €56,977 (-46.9%), from €121,520 to €64,543
of which Trade receivables: -€70,195
- Tangible fixed assets -€21,027
down €21,027 (-16.8%), from €125,220 to €104,193
of which Land and buildings: -€17,656
- Stocks and contracts -€5,026
down €5,026 (-7.3%), from €68,477 to €63,451
Equity and liabilities
- Trade debts -€57,511
down €57,511 (-50.1%), from €114,755 to €57,245
- Debts after one year -€29,429
down €29,429 (-27.5%), from €106,984 to €77,554
- Profit (loss) carried forward +€23,169
up €23,169 (+61.8%), from -€37,494 to -€14,325
- Tax, wage and social debts -€14,999
down €14,999 (-54.0%), from €27,784 to €12,785
of which Remuneration and social security: -€16,844
Income statement
- Gross operating margin +€70,890
up €70,890 (+26.8%), from €264,663 to €335,554
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.
Result 2024
-€53,066
Gross operating margin
+€70,890
Staff costs
+€3,151
Depreciation
-€519
Other operating charges
+€1,140
Other operating items
+€2,242
Financial income
+€9
Financial charges
-€896
Taxes
+€219
Result 2025
€23,169
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€34,731
Investment
-€1,789
Financing
-€32,894
Cash 2024
€13,037
From operations (derived)
+€34,731
Net result for the year
+€23,169
Depreciation
+€22,816
Stocks and contracts
+€5,026
Receivables within one year
+€56,977
Deferred charges and accrued income
-€63
Trade debts
-€57,511
Tax, wage and social debts
-€14,999
Other debts
-€685
Investment (derived)
-€1,789
Investment in fixed assets (net)
-€1,789
Financing
-€32,894
Debts after one year
-€29,429
Current portion of long-term debt
+€1,716
Short-term financial debts
-€2,000
Contributions, distributions and other
-€3,181
Cash 2025
€13,085
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €330,919 | €247,999 | -€82,919 | -25.1% |
| Fixed assets | 21/28 | €125,220 | €104,193 | -€21,027 | -16.8% |
| Tangible fixed assets | 22/27 | €125,220 | €104,193 | -€21,027 | -16.8% |
| Land and buildings | 22 | €115,035 | €97,379 | -€17,656 | -15.3% |
| Plant, machinery and equipment | 23 | €6,458 | €4,664 | -€1,795 | -27.8% |
| Furniture and vehicles | 24 | €3,726 | €2,150 | -€1,577 | -42.3% |
| Current assets | 29/58 | €205,698 | €143,806 | -€61,892 | -30.1% |
| Stocks and contracts in progress | 3 | €68,477 | €63,451 | -€5,026 | -7.3% |
| Stocks | 30/36 | €68,477 | €63,451 | -€5,026 | -7.3% |
| Amounts receivable within one year | 40/41 | €121,520 | €64,543 | -€56,977 | -46.9% |
| Trade receivables | 40 | €108,354 | €38,159 | -€70,195 | -64.8% |
| Other amounts receivable | 41 | €13,166 | €26,384 | +€13,218 | +100% |
| Cash at bank and in hand | 54/58 | €13,037 | €13,085 | +€47 | +0.4% |
| Deferred charges and accrued income | 490/1 | €2,665 | €2,727 | +€63 | +2.4% |
| Total equity and liabilities | 10/49 | €330,919 | €247,999 | -€82,919 | -25.1% |
| Equity | 10/15 | €2,997 | €22,986 | +€19,988 | +667% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €6,868 | €6,868 | = | 0.0% |
| Distributable reserves | 133 | €6,868 | €6,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,494 | -€14,325 | +€23,169 | +61.8% |
| Investment grants | 15 | €12,724 | €9,543 | -€3,181 | -25.0% |
| Amounts payable | 17/49 | €327,921 | €225,013 | -€102,908 | -31.4% |
| Amounts payable after more than one year | 17 | €106,984 | €77,554 | -€29,429 | -27.5% |
| Financial debts | 170/4 | €106,984 | €77,554 | -€29,429 | -27.5% |
| Amounts payable within one year | 42/48 | €220,937 | €147,459 | -€73,479 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €27,714 | €29,429 | +€1,716 | +6.2% |
| Financial debts | 43 | €50,000 | €48,000 | -€2,000 | -4.0% |
| Credit institutions | 430/8 | €50,000 | €48,000 | -€2,000 | -4.0% |
| Trade debts | 44 | €114,755 | €57,245 | -€57,511 | -50.1% |
| Suppliers | 440/4 | €114,755 | €57,245 | -€57,511 | -50.1% |
| Taxes, remuneration and social security | 45 | €27,784 | €12,785 | -€14,999 | -54.0% |
| Taxes | 450/3 | €8,118 | €9,963 | +€1,845 | +22.7% |
| Remuneration and social security | 454/9 | €19,666 | €2,822 | -€16,844 | -85.6% |
| Other amounts payable | 47/48 | €685 | €0 | -€685 | -100% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €273,743 | €270,592 | -€3,151 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,297 | €22,816 | +€519 | +2.3% |
| Other operating charges | 640/8 | €8,347 | €7,208 | -€1,140 | -13.7% |
| Non-recurring operating charges | 66A | €2,242 | - | -€2,242 | |
| Gross operating margin | 9900 | €264,663 | €335,554 | +€70,890 | +26.8% |
| Operating profit (loss) | 9901 | -€41,966 | €34,937 | +€76,903 | |
| Financial income | 75/76B | €3,183 | €3,191 | +€9 | +0.3% |
| Recurring financial income | 75 | €3,183 | €3,191 | +€9 | +0.3% |
| Financial charges | 65/66B | €13,603 | €14,499 | +€896 | +6.6% |
| Recurring financial charges | 65 | €13,603 | €14,499 | +€896 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | -€52,386 | €23,630 | +€76,016 | |
| Income taxes | 67/77 | €680 | €461 | -€219 | -32.2% |
| Profit (loss) for the period | 9904 | -€53,066 | €23,169 | +€76,235 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,066 | €23,169 | +€76,235 |
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 24 October 2026 via checked.be.