Willemsens & Co: 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.
Willemsens & Co
Largest movements
- Cash -€46,021
down €46,021 (-95.9%), from €47,968 to €1,947
mainly Debts after one year (-€40,763) and Investment in fixed assets (net) (-€32,885)
- Debts after one year -€40,763
down €40,763 (-8.5%), from €477,204 to €436,441
- Reserves -€28,867
down €28,867 (-4.1%), from €712,031 to €683,164
of which Distributable reserves: -€28,867
- Trade debts +€21,544
up €21,544 (+5,161%), from €417 to €21,962
- Financial charges -€5,651
down €5,651 (-27.7%), from €20,437 to €14,786
- Gross operating margin +€3,273
up €3,273 (+22.1%), from €14,788 to €18,062
- Depreciation +€1,661
up €1,661 (+6.4%), from €26,028 to €27,689
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 | €1,507,711 | €1,465,992 | -€41,720 | -2.8% |
| Fixed assets | 21/28 | €1,455,009 | €1,460,205 | +€5,196 | +0.4% |
| Tangible fixed assets | 22/27 | €971,412 | €976,607 | +€5,196 | +0.5% |
| Land and buildings | 22 | €971,412 | €976,607 | +€5,196 | +0.5% |
| Financial fixed assets | 28 | €483,598 | €483,598 | = | 0.0% |
| Current assets | 29/58 | €52,702 | €5,787 | -€46,916 | -89.0% |
| Amounts receivable within one year | 40/41 | €3,634 | €3,634 | = | 0.0% |
| Trade receivables | 40 | €3,634 | €3,634 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,968 | €1,947 | -€46,021 | -95.9% |
| Deferred charges and accrued income | 490/1 | €1,100 | €205 | -€894 | -81.3% |
| Total equity and liabilities | 10/49 | €1,507,711 | €1,465,992 | -€41,720 | -2.8% |
| Equity | 10/15 | €721,941 | €693,074 | -€28,867 | -4.0% |
| Contributions | 10/11 | €9,910 | €9,910 | = | 0.0% |
| Reserves | 13 | €712,031 | €683,164 | -€28,867 | -4.1% |
| Non-distributable reserves | 130/1 | €2,231 | €2,231 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,231 | €2,231 | = | 0.0% |
| Distributable reserves | 133 | €709,800 | €680,933 | -€28,867 | -4.1% |
| Amounts payable | 17/49 | €785,770 | €772,917 | -€12,853 | -1.6% |
| Amounts payable after more than one year | 17 | €477,204 | €436,441 | -€40,763 | -8.5% |
| Financial debts | 170/4 | €477,204 | €436,441 | -€40,763 | -8.5% |
| Amounts payable within one year | 42/48 | €307,101 | €336,477 | +€29,375 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €38,201 | €40,132 | +€1,931 | +5.1% |
| Trade debts | 44 | €417 | €21,962 | +€21,544 | +5,161% |
| Suppliers | 440/4 | €417 | €21,962 | +€21,544 | +5,161% |
| Other amounts payable | 47/48 | €268,483 | €274,383 | +€5,900 | +2.2% |
| Accrued charges and deferred income | 492/3 | €1,465 | - | -€1,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,028 | €27,689 | +€1,661 | +6.4% |
| Other operating charges | 640/8 | €4,320 | €4,454 | +€134 | +3.1% |
| Gross operating margin | 9900 | €14,788 | €18,062 | +€3,273 | +22.1% |
| Operating profit (loss) | 9901 | -€15,559 | -€14,081 | +€1,478 | +9.5% |
| Financial charges | 65/66B | €20,437 | €14,786 | -€5,651 | -27.7% |
| Recurring financial charges | 65 | €20,437 | €14,786 | -€5,651 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,996 | -€28,867 | +€7,129 | +19.8% |
| Profit (loss) for the period | 9904 | -€35,996 | -€28,867 | +€7,129 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,996 | -€28,867 | +€7,129 | +19.8% |
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 27 October 2026 via checked.be.