WILLEMS & PARTNERS: 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 & PARTNERS
Largest movements
- Receivables within one year -€87,171
down €87,171 (-11.3%), from €769,049 to €681,878
of which Other amounts receivable: -€80,723
- Cash -€17,380
down €17,380 (-94.8%), from €18,342 to €962
mainly Other debts (-€60,000) and Debts after one year (-€22,577)
- Other debts -€60,000
no longer reported in 2025 (was €60,000)
- Debts after one year -€22,577
down €22,577 (-21.0%), from €107,423 to €84,846
- Accrued charges and deferred income -€21,250
no longer reported in 2025 (was €21,250)
- Gross operating margin -€1.1m
down €1.1m (-99.6%), from €1.1m to €3,968
- Taxes -€251,396
down €251,396 (-97.4%), from €258,077 to €6,681
- Financial income -€21,333
down €21,333 (-62.6%), from €34,052 to €12,719
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 | €1,105,706 | €992,400 | -€113,306 | -10.2% |
| Fixed assets | 21/28 | €13,530 | €5,079 | -€8,451 | -62.5% |
| Tangible fixed assets | 22/27 | €13,530 | €5,079 | -€8,451 | -62.5% |
| Plant, machinery and equipment | 23 | €209 | €66 | -€142 | -68.2% |
| Furniture and vehicles | 24 | €13,321 | €5,013 | -€8,309 | -62.4% |
| Current assets | 29/58 | €1,092,176 | €987,321 | -€104,855 | -9.6% |
| Amounts receivable after more than one year | 29 | €304,077 | €304,077 | = | 0.0% |
| Other amounts receivable | 291 | €304,077 | €304,077 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €769,049 | €681,878 | -€87,171 | -11.3% |
| Trade receivables | 40 | €6,448 | - | -€6,448 | |
| Other amounts receivable | 41 | €762,601 | €681,878 | -€80,723 | -10.6% |
| Cash at bank and in hand | 54/58 | €18,342 | €962 | -€17,380 | -94.8% |
| Deferred charges and accrued income | 490/1 | €708 | €404 | -€304 | -42.9% |
| Total equity and liabilities | 10/49 | €1,105,706 | €992,400 | -€113,306 | -10.2% |
| Equity | 10/15 | €863,063 | €865,249 | +€2,186 | +0.3% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Capital | 10 | €80,565 | €80,565 | = | 0.0% |
| Issued capital | 100 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €16,525 | €16,525 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Legal reserve | 130 | €8,057 | €8,057 | = | 0.0% |
| Distributable reserves | 133 | €8,469 | €8,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | €765,972 | €768,158 | +€2,186 | +0.3% |
| Amounts payable | 17/49 | €242,643 | €127,151 | -€115,492 | -47.6% |
| Amounts payable after more than one year | 17 | €107,423 | €84,846 | -€22,577 | -21.0% |
| Financial debts | 170/4 | €107,423 | €84,846 | -€22,577 | -21.0% |
| Amounts payable within one year | 42/48 | €113,970 | €42,305 | -€71,665 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €22,115 | €22,577 | +€462 | +2.1% |
| Trade debts | 44 | €12,548 | €5,378 | -€7,170 | -57.1% |
| Suppliers | 440/4 | €12,548 | €5,378 | -€7,170 | -57.1% |
| Taxes, remuneration and social security | 45 | €19,307 | €14,350 | -€4,957 | -25.7% |
| Taxes | 450/3 | €19,307 | €14,350 | -€4,957 | -25.7% |
| Other amounts payable | 47/48 | €60,000 | - | -€60,000 | |
| Accrued charges and deferred income | 492/3 | €21,250 | - | -€21,250 | |
| Non-recurring operating income | 76A | €1,072,114 | €13,007 | -€1.1m | -98.8% |
| Remuneration, social security and pensions | 62 | €6,713 | €2,021 | -€4,693 | -69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,611 | €2,458 | -€9,153 | -78.8% |
| Other operating charges | 640/8 | €862 | €682 | -€180 | -20.9% |
| Gross operating margin | 9900 | €1,058,216 | €3,968 | -€1.1m | -99.6% |
| Operating profit (loss) | 9901 | €1,039,029 | -€1,193 | -€1.0m | |
| Financial income | 75/76B | €34,052 | €12,719 | -€21,333 | -62.6% |
| Recurring financial income | 75 | €34,052 | €12,719 | -€21,333 | -62.6% |
| Financial charges | 65/66B | €4,495 | €2,659 | -€1,836 | -40.8% |
| Recurring financial charges | 65 | €4,495 | €2,659 | -€1,836 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €1,068,586 | €8,867 | -€1.1m | -99.2% |
| Income taxes | 67/77 | €258,077 | €6,681 | -€251,396 | -97.4% |
| Profit (loss) for the period | 9904 | €810,509 | €2,186 | -€808,323 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €810,509 | €2,186 | -€808,323 | -99.7% |
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 22 October 2026 via checked.be.