"Willems Rustique": 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 Rustique"
Largest movements
- Cash +€61,054
up €61,054 (+61.8%), from €98,773 to €159,827
mainly Net result for the year (+€93,842) and Tax, wage and social debts (+€26,963)
- Tangible fixed assets -€11,213
down €11,213 (-27.8%), from €40,291 to €29,078
of which Furniture and vehicles: -€12,751
- Current investments +€10,732
new in 2025: €10,732
- Profit (loss) carried forward +€93,842
up €93,842 (+127.3%), from €73,724 to €167,566
- Other debts -€59,398
down €59,398 (-97.0%), from €61,264 to €1,867
- Tax, wage and social debts +€26,963
up €26,963 (+3483.7%), from €774 to €27,737
- Gross operating margin +€28,842
up €28,842 (+26.0%), from €110,945 to €139,787
- Taxes +€7,770
up €7,770 (+40.4%), from €19,215 to €26,985
- Depreciation +€1,543
up €1,543 (+9.4%), from €16,403 to €17,946
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 | €143,145 | €202,888 | +€59,743 | +41.7% |
| Fixed assets | 21/28 | €40,291 | €29,078 | -€11,213 | -27.8% |
| Tangible fixed assets | 22/27 | €40,291 | €29,078 | -€11,213 | -27.8% |
| Plant, machinery and equipment | 23 | - | €1,539 | +€1,539 | |
| Furniture and vehicles | 24 | €40,291 | €27,540 | -€12,751 | -31.6% |
| Current assets | 29/58 | €102,855 | €173,810 | +€70,956 | +69.0% |
| Amounts receivable within one year | 40/41 | €3,772 | €2,927 | -€844 | -22.4% |
| Trade receivables | 40 | €888 | €0 | -€888 | -100.0% |
| Other amounts receivable | 41 | €2,884 | €2,927 | +€44 | +1.5% |
| Current investments | 50/53 | - | €10,732 | +€10,732 | |
| Cash at bank and in hand | 54/58 | €98,773 | €159,827 | +€61,054 | +61.8% |
| Deferred charges and accrued income | 490/1 | €310 | €324 | +€14 | +4.5% |
| Total equity and liabilities | 10/49 | €143,145 | €202,888 | +€59,743 | +41.7% |
| Equity | 10/15 | €78,724 | €172,566 | +€93,842 | +119.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,724 | €167,566 | +€93,842 | +127.3% |
| Amounts payable | 17/49 | €64,421 | €30,322 | -€34,099 | -52.9% |
| Amounts payable within one year | 42/48 | €64,421 | €30,322 | -€34,099 | -52.9% |
| Financial debts | 43 | - | €50 | +€50 | |
| Other loans | 439 | - | €50 | +€50 | |
| Trade debts | 44 | €2,383 | €668 | -€1,714 | -72.0% |
| Suppliers | 440/4 | €2,383 | €668 | -€1,714 | -72.0% |
| Taxes, remuneration and social security | 45 | €774 | €27,737 | +€26,963 | +3483.7% |
| Taxes | 450/3 | €774 | €27,737 | +€26,963 | +3483.7% |
| Other amounts payable | 47/48 | €61,264 | €1,867 | -€59,398 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,403 | €17,946 | +€1,543 | +9.4% |
| Other operating charges | 640/8 | €1,541 | €255 | -€1,286 | -83.5% |
| Non-recurring operating charges | 66A | - | €418 | +€418 | |
| Gross operating margin | 9900 | €110,945 | €139,787 | +€28,842 | +26.0% |
| Operating profit (loss) | 9901 | €93,001 | €121,169 | +€28,167 | +30.3% |
| Financial charges | 65/66B | €62 | €342 | +€280 | +451.1% |
| Recurring financial charges | 65 | €62 | €342 | +€280 | +451.1% |
| Profit (loss) for the period before taxes | 9903 | €92,939 | €120,827 | +€27,888 | +30.0% |
| Income taxes | 67/77 | €19,215 | €26,985 | +€7,770 | +40.4% |
| Profit (loss) for the period | 9904 | €73,724 | €93,842 | +€20,118 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,724 | €93,842 | +€20,118 | +27.3% |
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 9 October 2026 via checked.be.