WILLEMS ROBBE: 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 ROBBE
Largest movements
- Cash +€17,251
up €17,251 (+41.6%), from €41,518 to €58,769
mainly Net result for the year (+€19,266) and Other debts (+€2,930)
- Receivables within one year +€2,079
new in 2025: €2,079
- Tangible fixed assets +€1,226
up €1,226 (+56.4%), from €2,176 to €3,402
- Reserves +€19,266
up €19,266 (+51.0%), from €37,781 to €57,048
- Other debts +€2,930
up €2,930 (+501.3%), from €584 to €3,514
- Tax, wage and social debts -€2,565
no longer reported in 2025 (was €2,565)
- Current portion of long-term debt +€1,688
new in 2025: €1,688
- Trade debts -€763
no longer reported in 2025 (was €763)
- Gross operating margin -€1,384
down €1,384 (-4.5%), from €30,815 to €29,431
- Depreciation +€1,061
up €1,061 (+136.2%), from €779 to €1,840
- Taxes -€644
down €644 (-7.5%), from €8,565 to €7,921
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.
Cash bridge derived
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 | €43,694 | €64,250 | +€20,556 | +47.0% |
| Fixed assets | 21/28 | €2,176 | €3,402 | +€1,226 | +56.4% |
| Tangible fixed assets | 22/27 | €2,176 | €3,402 | +€1,226 | +56.4% |
| Furniture and vehicles | 24 | €2,176 | €3,402 | +€1,226 | +56.4% |
| Current assets | 29/58 | €41,518 | €60,848 | +€19,330 | +46.6% |
| Amounts receivable within one year | 40/41 | - | €2,079 | +€2,079 | |
| Other amounts receivable | 41 | - | €2,079 | +€2,079 | |
| Cash at bank and in hand | 54/58 | €41,518 | €58,769 | +€17,251 | +41.6% |
| Total equity and liabilities | 10/49 | €43,694 | €64,250 | +€20,556 | +47.0% |
| Equity | 10/15 | €39,781 | €59,048 | +€19,266 | +48.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €37,781 | €57,048 | +€19,266 | +51.0% |
| Distributable reserves | 133 | €37,781 | €57,048 | +€19,266 | +51.0% |
| Amounts payable | 17/49 | €3,912 | €5,202 | +€1,290 | +33.0% |
| Amounts payable within one year | 42/48 | €3,912 | €5,202 | +€1,290 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | - | €1,688 | +€1,688 | |
| Trade debts | 44 | €763 | - | -€763 | |
| Suppliers | 440/4 | €763 | - | -€763 | |
| Taxes, remuneration and social security | 45 | €2,565 | - | -€2,565 | |
| Taxes | 450/3 | €2,565 | - | -€2,565 | |
| Other amounts payable | 47/48 | €584 | €3,514 | +€2,930 | +501.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €779 | €1,840 | +€1,061 | +136.2% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €30,815 | €29,431 | -€1,384 | -4.5% |
| Operating profit (loss) | 9901 | €29,910 | €27,464 | -€2,447 | -8.2% |
| Financial charges | 65/66B | €136 | €276 | +€140 | +102.9% |
| Recurring financial charges | 65 | €136 | €276 | +€140 | +102.9% |
| Profit (loss) for the period before taxes | 9903 | €29,774 | €27,187 | -€2,587 | -8.7% |
| Income taxes | 67/77 | €8,565 | €7,921 | -€644 | -7.5% |
| Profit (loss) for the period | 9904 | €21,209 | €19,266 | -€1,943 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,209 | €19,266 | -€1,943 | -9.2% |
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 10 October 2026 via checked.be.