WILLEMSHOF: 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.
WILLEMSHOF
Largest movements
- Tangible fixed assets -€12,710
down €12,710 (-7.3%), from €173,733 to €161,023
- Cash +€12,253
up €12,253 (+29.2%), from €41,955 to €54,208
mainly Net result for the year (+€35,969) and Depreciation (+€12,710)
- Reserves -€4,031
down €4,031 (-2.5%), from €160,016 to €155,985
of which Distributable reserves: -€4,031
- Gross operating margin -€2,195
down €2,195 (-3.5%), from €63,424 to €61,229
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 | €218,616 | €215,275 | -€3,341 | -1.5% |
| Fixed assets | 21/28 | €173,733 | €161,023 | -€12,710 | -7.3% |
| Tangible fixed assets | 22/27 | €173,733 | €161,023 | -€12,710 | -7.3% |
| Land and buildings | 22 | €173,733 | €161,023 | -€12,710 | -7.3% |
| Current assets | 29/58 | €44,883 | €54,252 | +€9,369 | +20.9% |
| Amounts receivable within one year | 40/41 | €1,482 | €44 | -€1,438 | -97.0% |
| Other amounts receivable | 41 | €1,482 | €44 | -€1,438 | -97.0% |
| Cash at bank and in hand | 54/58 | €41,955 | €54,208 | +€12,253 | +29.2% |
| Deferred charges and accrued income | 490/1 | €1,445 | €0 | -€1,445 | -100% |
| Total equity and liabilities | 10/49 | €218,616 | €215,275 | -€3,341 | -1.5% |
| Equity | 10/15 | €178,616 | €174,585 | -€4,031 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,016 | €155,985 | -€4,031 | -2.5% |
| Tax-exempt reserves | 132 | €15,150 | €15,150 | = | 0.0% |
| Distributable reserves | 133 | €144,866 | €140,835 | -€4,031 | -2.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,000 | €40,690 | +€690 | +1.7% |
| Amounts payable within one year | 42/48 | €40,000 | €40,690 | +€690 | +1.7% |
| Trade debts | 44 | €0 | €690 | +€690 | |
| Suppliers | 440/4 | €0 | €690 | +€690 | |
| Other amounts payable | 47/48 | €40,000 | €40,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,774 | €12,710 | -€64 | -0.5% |
| Other operating charges | 640/8 | €534 | €549 | +€15 | +2.8% |
| Gross operating margin | 9900 | €63,424 | €61,229 | -€2,195 | -3.5% |
| Operating profit (loss) | 9901 | €50,115 | €47,969 | -€2,146 | -4.3% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €50,070 | €47,924 | -€2,146 | -4.3% |
| Income taxes | 67/77 | €12,518 | €11,956 | -€562 | -4.5% |
| Profit (loss) for the period | 9904 | €37,553 | €35,969 | -€1,584 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,553 | €35,969 | -€1,584 | -4.2% |
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 13 October 2026 via checked.be.