WILLEMS - VAN HUFFEL: 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 - VAN HUFFEL
Largest movements
- Cash -€770,384
down €770,384 (-98.7%), from €780,901 to €10,518
mainly Other debts (-€1.9m) and Contributions, distributions and other (-€600,000)
- Tangible fixed assets -€377,465
no longer reported in 2026 (was €377,465)
of which Land and buildings: -€325,376
- Receivables within one year -€38,802
down €38,802 (-97.5%), from €39,797 to €995
- Other debts -€1.9m
down €1.9m (-87.3%), from €2.2m to €282,476
- Reserves +€785,247
new in 2026: €785,247
- Tax, wage and social debts -€34,921
down €34,921 (-75.0%), from €46,558 to €11,637
- Gross operating margin +€1.6m
up €1.6m (+762%), from €215,914 to €1.9m
- Financial income -€588,427
no longer reported in 2026 (was €588,427)
- Taxes +€422,432
up €422,432 (+953%), from €44,343 to €466,774
- Depreciation -€33,229
no longer reported in 2026 (was €33,229)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,297,900 | €1,110,490 | -€1.2m | -51.7% |
| Fixed assets | 21/28 | €1,474,533 | €1,098,280 | -€376,253 | -25.5% |
| Tangible fixed assets | 22/27 | €377,465 | - | -€377,465 | |
| Land and buildings | 22 | €325,376 | - | -€325,376 | |
| Plant, machinery and equipment | 23 | €1,129 | - | -€1,129 | |
| Furniture and vehicles | 24 | €50,831 | - | -€50,831 | |
| Other tangible fixed assets | 26 | €130 | - | -€130 | |
| Financial fixed assets | 28 | €1,097,068 | €1,098,280 | +€1,212 | +0.1% |
| Current assets | 29/58 | €823,366 | €12,210 | -€811,157 | -98.5% |
| Amounts receivable within one year | 40/41 | €39,797 | €995 | -€38,802 | -97.5% |
| Trade receivables | 40 | €39,797 | €995 | -€38,802 | -97.5% |
| Cash at bank and in hand | 54/58 | €780,901 | €10,518 | -€770,384 | -98.7% |
| Deferred charges and accrued income | 490/1 | €2,668 | €697 | -€1,971 | -73.9% |
| Total equity and liabilities | 10/49 | €2,297,900 | €1,110,490 | -€1.2m | -51.7% |
| Equity | 10/15 | €30,000 | €815,247 | +€785,247 | +2,617% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €785,247 | +€785,247 | |
| Distributable reserves | 133 | - | €785,247 | +€785,247 | |
| Amounts payable | 17/49 | €2,267,900 | €295,242 | -€2.0m | -87.0% |
| Amounts payable within one year | 42/48 | €2,267,401 | €294,719 | -€2.0m | -87.0% |
| Trade debts | 44 | €538 | €606 | +€68 | +12.7% |
| Suppliers | 440/4 | €538 | €606 | +€68 | +12.7% |
| Taxes, remuneration and social security | 45 | €46,558 | €11,637 | -€34,921 | -75.0% |
| Taxes | 450/3 | €46,558 | €11,637 | -€34,921 | -75.0% |
| Other amounts payable | 47/48 | €2,220,306 | €282,476 | -€1.9m | -87.3% |
| Accrued charges and deferred income | 492/3 | €499 | €523 | +€24 | +4.8% |
| Non-recurring operating income | 76A | - | €149,494 | +€149,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,229 | - | -€33,229 | |
| Other operating charges | 640/8 | €1,952 | €2,413 | +€462 | +23.7% |
| Non-recurring operating charges | 66A | - | €6,311 | +€6,311 | |
| Gross operating margin | 9900 | €215,914 | €1,860,828 | +€1.6m | +762% |
| Operating profit (loss) | 9901 | €180,733 | €1,852,103 | +€1.7m | +925% |
| Financial income | 75/76B | €588,427 | - | -€588,427 | |
| Recurring financial income | 75 | €588,427 | - | -€588,427 | |
| Financial charges | 65/66B | €82 | €82 | -€1 | -0.7% |
| Recurring financial charges | 65 | €82 | €82 | -€1 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €769,077 | €1,852,022 | +€1.1m | +141% |
| Income taxes | 67/77 | €44,343 | €466,774 | +€422,432 | +953% |
| Profit (loss) for the period | 9904 | €724,735 | €1,385,247 | +€660,513 | +91.1% |
| Transfer from tax-exempt reserves | 789 | €247,650 | - | -€247,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €972,385 | €1,385,247 | +€412,863 | +42.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.