WILLEMSE-DE VAREZ: what changed
WILLEMSE-DE VAREZ
Largest movements
- Receivables within one year +€10,171
up €10,171 (+13.1%), from €77,581 to €87,752
of which Trade receivables: +€10,240
- Cash +€2,055
up €2,055 (+4.7%), from €43,479 to €45,534
mainly Net result for the year (+€33,237) and Other debts (+€5,714)
- Reserves +€13,093
up €13,093 (+22.5%), from €58,114 to €71,207
of which Distributable reserves: +€13,093
- Trade debts -€8,345
down €8,345 (-21.8%), from €38,201 to €29,856
- Other debts +€5,714
up €5,714 (+39.6%), from €14,430 to €20,144
- Gross operating margin +€7,576
up €7,576 (+21.1%), from €35,918 to €43,494
- Taxes +€1,904
up €1,904 (+97.3%), from €1,957 to €3,862
- Financial charges +€1,885
up €1,885 (+258%), from €731 to €2,616
- Other operating charges -€861
down €861 (-30.6%), from €2,812 to €1,951
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,772 | €142,170 | +€10,398 | +7.9% |
| Fixed assets | 21/28 | €10,712 | €8,884 | -€1,828 | -17.1% |
| Intangible fixed assets | 21 | €787 | €356 | -€431 | -54.7% |
| Tangible fixed assets | 22/27 | €9,925 | €8,527 | -€1,398 | -14.1% |
| Furniture and vehicles | 24 | €9,925 | €8,527 | -€1,398 | -14.1% |
| Current assets | 29/58 | €121,060 | €133,286 | +€12,226 | +10.1% |
| Amounts receivable within one year | 40/41 | €77,581 | €87,752 | +€10,171 | +13.1% |
| Trade receivables | 40 | €77,495 | €87,735 | +€10,240 | +13.2% |
| Other amounts receivable | 41 | €86 | €17 | -€69 | -79.8% |
| Cash at bank and in hand | 54/58 | €43,479 | €45,534 | +€2,055 | +4.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €131,772 | €142,170 | +€10,398 | +7.9% |
| Equity | 10/15 | €64,714 | €77,807 | +€13,093 | +20.2% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €58,114 | €71,207 | +€13,093 | +22.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €56,114 | €69,207 | +€13,093 | +23.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,058 | €64,363 | -€2,695 | -4.0% |
| Amounts payable within one year | 42/48 | €67,058 | €64,363 | -€2,695 | -4.0% |
| Trade debts | 44 | €38,201 | €29,856 | -€8,345 | -21.8% |
| Suppliers | 440/4 | €38,201 | €29,856 | -€8,345 | -21.8% |
| Taxes, remuneration and social security | 45 | €14,428 | €14,363 | -€64 | -0.4% |
| Taxes | 450/3 | €14,428 | €14,363 | -€64 | -0.4% |
| Other amounts payable | 47/48 | €14,430 | €20,144 | +€5,714 | +39.6% |
| Non-recurring operating income | 76A | €7,025 | €0 | -€7,025 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,647 | €1,828 | +€181 | +11.0% |
| Other operating charges | 640/8 | €2,812 | €1,951 | -€861 | -30.6% |
| Gross operating margin | 9900 | €35,918 | €43,494 | +€7,576 | +21.1% |
| Operating profit (loss) | 9901 | €31,460 | €39,714 | +€8,255 | +26.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -85.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -85.7% |
| Financial charges | 65/66B | €731 | €2,616 | +€1,885 | +258% |
| Recurring financial charges | 65 | €731 | €2,616 | +€1,885 | +258% |
| Profit (loss) for the period before taxes | 9903 | €30,729 | €37,098 | +€6,369 | +20.7% |
| Income taxes | 67/77 | €1,957 | €3,862 | +€1,904 | +97.3% |
| Profit (loss) for the period | 9904 | €28,772 | €33,237 | +€4,465 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,772 | €33,237 | +€4,465 | +15.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.