Willemsfonds: 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.
Willemsfonds
Largest movements
- Current assets +€119,010
up €119,010 (+23.2%), from €512,031 to €631,041
of which Cash: +€88,146
- Intangible fixed assets -€12,131
down €12,131 (-66.5%), from €18,244 to €6,113
- Equity +€114,718
up €114,718 (+29.2%), from €392,599 to €507,317
- Debts -€10,029
down €10,029 (-6.8%), from €147,725 to €137,696
- Gross operating margin +€76,651
up €76,651 (+20.3%), from €377,600 to €454,251
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €540,324 | €645,013 | +€104,689 | +19.4% |
| Fixed assets | 21/28 | €28,293 | €13,972 | -€14,321 | -50.6% |
| Intangible fixed assets | 21 | €18,244 | €6,113 | -€12,131 | -66.5% |
| Tangible fixed assets | 22/27 | €10,049 | €7,859 | -€2,190 | -21.8% |
| Current assets | 29/58 | €512,031 | €631,041 | +€119,010 | +23.2% |
| Amounts receivable within one year | 40/41 | €51,400 | €75,019 | +€23,619 | +46.0% |
| Current investments | 50/53 | €400,246 | €404,391 | +€4,145 | +1.0% |
| Cash at bank and in hand | 54/58 | €59,023 | €147,169 | +€88,146 | +149% |
| Total equity and liabilities | 10/49 | €540,324 | €645,013 | +€104,689 | +19.4% |
| Equity | 10/15 | €392,599 | €507,317 | +€114,718 | +29.2% |
| Profit (loss) carried forward | 14 | €8,473 | €12,139 | +€3,666 | +43.3% |
| Amounts payable | 17/49 | €147,725 | €137,696 | -€10,029 | -6.8% |
| Amounts payable within one year | 42/48 | €112,488 | €107,388 | -€5,100 | -4.5% |
| Trade debts | 44 | €9,184 | €17,823 | +€8,639 | +94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,520 | €15,121 | -€4,399 | -22.5% |
| Gross operating margin | 9900 | €377,600 | €454,251 | +€76,651 | +20.3% |
| Operating profit (loss) | 9901 | -€28,083 | €108,394 | +€136,477 | |
| Recurring financial income | 75 | €4,070 | €2,420 | -€1,650 | -40.5% |
| Recurring financial charges | 65 | €3,037 | €792 | -€2,245 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,050 | €110,022 | +€137,072 | |
| Profit (loss) for the period | 9904 | -€17,277 | €110,022 | +€127,299 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,277 | €110,022 | +€127,299 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.