Willemsen M.: 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.
Willemsen M.
Largest movements
- Receivables within one year +€4,259
up €4,259 (+16.0%), from €26,666 to €30,925
- Stocks and contracts -€1,786
down €1,786 (-4.2%), from €42,400 to €40,614
- Tangible fixed assets -€1,609
down €1,609 (-16.8%), from €9,551 to €7,942
- Trade debts -€4,331
down €4,331 (-11.4%), from €37,944 to €33,613
- Profit (loss) carried forward +€2,205
up €2,205 (+13.4%), from -€16,466 to -€14,261
- Tax, wage and social debts +€1,580
new in 2025: €1,580
- Debts after one year +€1,100
up €1,100 (+5.9%), from €18,695 to €19,795
- Gross operating margin +€5,375
up €5,375, from -€1,034 to €4,341
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 | €79,028 | €79,704 | +€676 | +0.9% |
| Fixed assets | 21/28 | €9,551 | €7,942 | -€1,609 | -16.8% |
| Tangible fixed assets | 22/27 | €9,551 | €7,942 | -€1,609 | -16.8% |
| Plant, machinery and equipment | 23 | €9,551 | €7,942 | -€1,609 | -16.8% |
| Current assets | 29/58 | €69,477 | €71,762 | +€2,285 | +3.3% |
| Stocks and contracts in progress | 3 | €42,400 | €40,614 | -€1,786 | -4.2% |
| Stocks | 30/36 | €42,400 | €40,614 | -€1,786 | -4.2% |
| Amounts receivable within one year | 40/41 | €26,666 | €30,925 | +€4,259 | +16.0% |
| Trade receivables | 40 | €26,666 | €30,925 | +€4,259 | +16.0% |
| Cash at bank and in hand | 54/58 | €411 | €223 | -€188 | -45.7% |
| Total equity and liabilities | 10/49 | €79,028 | €79,704 | +€676 | +0.9% |
| Equity | 10/15 | €5,534 | €7,739 | +€2,205 | +39.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,466 | -€14,261 | +€2,205 | +13.4% |
| Amounts payable | 17/49 | €73,494 | €71,965 | -€1,529 | -2.1% |
| Amounts payable after more than one year | 17 | €18,695 | €19,795 | +€1,100 | +5.9% |
| Other amounts payable | 178/9 | €18,695 | €19,795 | +€1,100 | +5.9% |
| Amounts payable within one year | 42/48 | €54,799 | €52,170 | -€2,629 | -4.8% |
| Trade debts | 44 | €37,944 | €33,613 | -€4,331 | -11.4% |
| Suppliers | 440/4 | €37,944 | €33,613 | -€4,331 | -11.4% |
| Taxes, remuneration and social security | 45 | - | €1,580 | +€1,580 | |
| Taxes | 450/3 | - | €1,580 | +€1,580 | |
| Other amounts payable | 47/48 | €16,855 | €16,977 | +€122 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,610 | €1,609 | -€1 | -0.1% |
| Other operating charges | 640/8 | €505 | €520 | +€15 | +3.0% |
| Gross operating margin | 9900 | -€1,034 | €4,341 | +€5,375 | |
| Operating profit (loss) | 9901 | -€3,149 | €2,212 | +€5,361 | |
| Financial charges | 65/66B | €42 | €7 | -€35 | -83.3% |
| Recurring financial charges | 65 | €42 | €7 | -€35 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,191 | €2,205 | +€5,396 | |
| Profit (loss) for the period | 9904 | -€3,191 | €2,205 | +€5,396 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,191 | €2,205 | +€5,396 |
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 23 October 2026 via checked.be.