Willems Wines: 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 Wines
Largest movements
- Current investments +€350,000
up €350,000 (+25.0%), from €1.4m to €1.8m
- Cash +€55,811
up €55,811 (+116%), from €48,254 to €104,064
mainly Net result for the year (+€357,240) and Tax, wage and social debts (+€79,623)
- Receivables within one year +€43,017
up €43,017 (+54.2%), from €79,440 to €122,457
of which Trade receivables: +€38,681
- Reserves +€357,240
up €357,240 (+21.4%), from €1.7m to €2.0m
- Tax, wage and social debts +€79,623
up €79,623 (+435%), from €18,298 to €97,921
- Gross operating margin +€77,163
up €77,163 (+21.5%), from €359,703 to €436,866
- Taxes +€17,590
up €17,590 (+17.2%), from €102,002 to €119,592
- Financial income -€8,195
down €8,195 (-16.5%), from €49,607 to €41,412
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 | €1,699,798 | €2,130,872 | +€431,075 | +25.4% |
| Fixed assets | 21/28 | €500 | €0 | -€500 | -100% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Financial fixed assets | 28 | €500 | €0 | -€500 | -100% |
| Current assets | 29/58 | €1,699,298 | €2,130,872 | +€431,575 | +25.4% |
| Stocks and contracts in progress | 3 | €171,605 | €154,352 | -€17,253 | -10.1% |
| Stocks | 30/36 | €171,605 | €154,352 | -€17,253 | -10.1% |
| Amounts receivable within one year | 40/41 | €79,440 | €122,457 | +€43,017 | +54.2% |
| Trade receivables | 40 | €49,571 | €88,251 | +€38,681 | +78.0% |
| Other amounts receivable | 41 | €29,869 | €34,206 | +€4,337 | +14.5% |
| Current investments | 50/53 | €1,400,000 | €1,750,000 | +€350,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €48,254 | €104,064 | +€55,811 | +116% |
| Total equity and liabilities | 10/49 | €1,699,798 | €2,130,872 | +€431,075 | +25.4% |
| Equity | 10/15 | €1,674,271 | €2,031,510 | +€357,240 | +21.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,669,271 | €2,026,510 | +€357,240 | +21.4% |
| Distributable reserves | 133 | €1,669,271 | €2,026,510 | +€357,240 | +21.4% |
| Amounts payable | 17/49 | €25,527 | €99,362 | +€73,835 | +289% |
| Amounts payable within one year | 42/48 | €25,527 | €99,362 | +€73,835 | +289% |
| Trade debts | 44 | €7,229 | €1,440 | -€5,788 | -80.1% |
| Suppliers | 440/4 | €7,229 | €1,440 | -€5,788 | -80.1% |
| Taxes, remuneration and social security | 45 | €18,298 | €97,921 | +€79,623 | +435% |
| Taxes | 450/3 | €18,298 | €97,921 | +€79,623 | +435% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81 | €0 | -€81 | -100% |
| Other operating charges | 640/8 | €656 | €663 | +€7 | +1.1% |
| Gross operating margin | 9900 | €359,703 | €436,866 | +€77,163 | +21.5% |
| Operating profit (loss) | 9901 | €358,966 | €436,203 | +€77,237 | +21.5% |
| Financial income | 75/76B | €49,607 | €41,412 | -€8,195 | -16.5% |
| Recurring financial income | 75 | €49,607 | €41,412 | -€8,195 | -16.5% |
| Financial charges | 65/66B | €564 | €783 | +€219 | +38.8% |
| Recurring financial charges | 65 | €564 | €783 | +€219 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €408,008 | €476,832 | +€68,824 | +16.9% |
| Income taxes | 67/77 | €102,002 | €119,592 | +€17,590 | +17.2% |
| Profit (loss) for the period | 9904 | €306,006 | €357,240 | +€51,234 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €306,006 | €357,240 | +€51,234 | +16.7% |
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 28 October 2026 via checked.be.