WILLEMS-RYMEN: 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-RYMEN
Largest movements
- Receivables within one year +€12,359
up €12,359 (+6.7%), from €183,577 to €195,936
of which Trade receivables: +€13,938
- Stocks and contracts +€8,786
up €8,786 (+3.9%), from €227,350 to €236,137
- Profit (loss) carried forward +€30,106
up €30,106 (+7.3%), from €410,416 to €440,522
- Other debts -€10,622
down €10,622 (-14.7%), from €72,148 to €61,527
- Debts after one year +€7,038
new in 2025: €7,038
- Gross operating margin +€16,746
up €16,746 (+38.7%), from €43,251 to €59,997
- Depreciation +€6,865
up €6,865 (+73.4%), from €9,349 to €16,214
- Staff costs +€3,059
new in 2025: €3,059
- Financial charges -€1,615
down €1,615 (-18.7%), from €8,640 to €7,025
- Taxes +€1,548
up €1,548 (+27.2%), from €5,692 to €7,240
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 | €522,043 | €546,763 | +€24,720 | +4.7% |
| Fixed assets | 21/28 | €57,955 | €62,377 | +€4,422 | +7.6% |
| Tangible fixed assets | 22/27 | €57,795 | €62,217 | +€4,422 | +7.7% |
| Land and buildings | 22 | €37,500 | €31,250 | -€6,250 | -16.7% |
| Plant, machinery and equipment | 23 | €20,295 | €29,854 | +€9,559 | +47.1% |
| Furniture and vehicles | 24 | €0 | €1,113 | +€1,113 | |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €464,087 | €484,386 | +€20,298 | +4.4% |
| Stocks and contracts in progress | 3 | €227,350 | €236,137 | +€8,786 | +3.9% |
| Stocks | 30/36 | €227,350 | €236,137 | +€8,786 | +3.9% |
| Amounts receivable within one year | 40/41 | €183,577 | €195,936 | +€12,359 | +6.7% |
| Trade receivables | 40 | €181,603 | €195,542 | +€13,938 | +7.7% |
| Other amounts receivable | 41 | €1,974 | €395 | -€1,579 | -80.0% |
| Cash at bank and in hand | 54/58 | €49,854 | €50,387 | +€533 | +1.1% |
| Deferred charges and accrued income | 490/1 | €3,306 | €1,926 | -€1,380 | -41.7% |
| Total equity and liabilities | 10/49 | €522,043 | €546,763 | +€24,720 | +4.7% |
| Equity | 10/15 | €432,416 | €462,522 | +€30,106 | +7.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €410,416 | €440,522 | +€30,106 | +7.3% |
| Amounts payable | 17/49 | €89,627 | €84,241 | -€5,386 | -6.0% |
| Amounts payable after more than one year | 17 | - | €7,038 | +€7,038 | |
| Financial debts | 170/4 | - | €7,038 | +€7,038 | |
| Amounts payable within one year | 42/48 | €89,627 | €77,203 | -€12,424 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €4,064 | €2,976 | -€1,088 | -26.8% |
| Trade debts | 44 | €5,059 | €1,409 | -€3,650 | -72.1% |
| Suppliers | 440/4 | €5,059 | €1,409 | -€3,650 | -72.1% |
| Taxes, remuneration and social security | 45 | €8,356 | €11,292 | +€2,936 | +35.1% |
| Taxes | 450/3 | €8,356 | €9,327 | +€971 | +11.6% |
| Remuneration and social security | 454/9 | - | €1,965 | +€1,965 | |
| Other amounts payable | 47/48 | €72,148 | €61,527 | -€10,622 | -14.7% |
| Remuneration, social security and pensions | 62 | - | €3,059 | +€3,059 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,349 | €16,214 | +€6,865 | +73.4% |
| Other operating charges | 640/8 | €2,129 | €2,135 | +€6 | +0.3% |
| Gross operating margin | 9900 | €43,251 | €59,997 | +€16,746 | +38.7% |
| Operating profit (loss) | 9901 | €31,772 | €38,589 | +€6,817 | +21.5% |
| Financial income | 75/76B | €5,382 | €5,783 | +€401 | +7.4% |
| Recurring financial income | 75 | €5,382 | €5,783 | +€401 | +7.4% |
| Financial charges | 65/66B | €8,640 | €7,025 | -€1,615 | -18.7% |
| Recurring financial charges | 65 | €8,640 | €7,025 | -€1,615 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €28,514 | €37,346 | +€8,832 | +31.0% |
| Income taxes | 67/77 | €5,692 | €7,240 | +€1,548 | +27.2% |
| Profit (loss) for the period | 9904 | €22,822 | €30,106 | +€7,284 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,822 | €30,106 | +€7,284 | +31.9% |
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 25 October 2026 via checked.be.