Willems Projecten: 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 Projecten
Largest movements
- Receivables within one year -€7,953
down €7,953 (-66.1%), from €12,031 to €4,078
of which Trade receivables: -€7,335
- Cash -€3,499
down €3,499 (-84.3%), from €4,152 to €653
mainly Net result for the year (-€12,539) and Trade debts (-€7,221)
- Stocks and contracts -€3,065
down €3,065 (-46.1%), from €6,649 to €3,584
of which Contracts in progress: -€3,000
- Tangible fixed assets -€2,075
down €2,075 (-64.6%), from €3,211 to €1,136
of which Furniture and vehicles: -€1,699
- Profit (loss) carried forward -€12,539
down €12,539, from €5,692 to -€6,847
- Trade debts -€7,221
down €7,221 (-75.2%), from €9,604 to €2,383
- Tax, wage and social debts +€3,170
up €3,170 (+425%), from €746 to €3,916
of which Remuneration and social security: +€2,663
- Gross operating margin -€4,844
down €4,844 (-302%), from -€1,602 to -€6,445
- Taxes -€2,096
down €2,096 (-81.1%), from €2,585 to €489
- Depreciation +€1,063
up €1,063 (+105%), from €1,011 to €2,075
- Financial charges +€882
up €882 (+604%), from €146 to €1,028
- Staff costs -€704
down €704 (-30.6%), from €2,304 to €1,600
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 | €26,043 | €9,452 | -€16,591 | -63.7% |
| Fixed assets | 21/28 | €3,211 | €1,136 | -€2,075 | -64.6% |
| Tangible fixed assets | 22/27 | €3,211 | €1,136 | -€2,075 | -64.6% |
| Plant, machinery and equipment | 23 | €448 | €73 | -€375 | -83.7% |
| Furniture and vehicles | 24 | €2,762 | €1,063 | -€1,699 | -61.5% |
| Current assets | 29/58 | €22,832 | €8,316 | -€14,516 | -63.6% |
| Stocks and contracts in progress | 3 | €6,649 | €3,584 | -€3,065 | -46.1% |
| Stocks | 30/36 | €1,399 | €1,334 | -€65 | -4.6% |
| Contracts in progress | 37 | €5,250 | €2,250 | -€3,000 | -57.1% |
| Amounts receivable within one year | 40/41 | €12,031 | €4,078 | -€7,953 | -66.1% |
| Trade receivables | 40 | €7,335 | - | -€7,335 | |
| Other amounts receivable | 41 | €4,696 | €4,078 | -€618 | -13.2% |
| Cash at bank and in hand | 54/58 | €4,152 | €653 | -€3,499 | -84.3% |
| Total equity and liabilities | 10/49 | €26,043 | €9,452 | -€16,591 | -63.7% |
| Equity | 10/15 | €15,692 | €3,153 | -€12,539 | -79.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,692 | -€6,847 | -€12,539 | |
| Amounts payable | 17/49 | €10,350 | €6,299 | -€4,051 | -39.1% |
| Amounts payable within one year | 42/48 | €10,350 | €6,299 | -€4,051 | -39.1% |
| Trade debts | 44 | €9,604 | €2,383 | -€7,221 | -75.2% |
| Suppliers | 440/4 | €9,604 | €2,383 | -€7,221 | -75.2% |
| Taxes, remuneration and social security | 45 | €746 | €3,916 | +€3,170 | +425% |
| Taxes | 450/3 | - | €508 | +€508 | |
| Remuneration and social security | 454/9 | €746 | €3,409 | +€2,663 | +357% |
| Remuneration, social security and pensions | 62 | €2,304 | €1,600 | -€704 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,011 | €2,075 | +€1,063 | +105% |
| Other operating charges | 640/8 | €1,109 | €903 | -€207 | -18.6% |
| Gross operating margin | 9900 | -€1,602 | -€6,445 | -€4,844 | -302% |
| Operating profit (loss) | 9901 | -€6,027 | -€11,023 | -€4,996 | -82.9% |
| Financial charges | 65/66B | €146 | €1,028 | +€882 | +604% |
| Recurring financial charges | 65 | €146 | €1,028 | +€882 | +604% |
| Profit (loss) for the period before taxes | 9903 | -€6,173 | -€12,050 | -€5,878 | -95.2% |
| Income taxes | 67/77 | €2,585 | €489 | -€2,096 | -81.1% |
| Profit (loss) for the period | 9904 | -€8,758 | -€12,539 | -€3,782 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,758 | -€12,539 | -€3,782 | -43.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.