WILLEMSPROJECT: what changed
Two fiscal 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.
WILLEMSPROJECT
Largest movements
- Receivables within one year -€2,285
down €2,285 (-4.7%), from €48,442 to €46,156
of which Other amounts receivable: -€8,613
- Profit (loss) carried forward -€10,940
down €10,940 (-73.3%), from -€14,932 to -€25,873
- Accrued charges and deferred income +€4,175
new in 2025: €4,175
- Tax, wage and social debts +€4,171
new in 2025: €4,171
- Trade debts +€2,362
up €2,362 (+38.6%), from €6,124 to €8,485
- Short-term financial debts -€2,053
down €2,053 (-36.6%), from €5,604 to €3,551
of which Credit institutions: -€1,421
- Gross operating margin -€11,145
down €11,145, from €1,168 to -€9,978
- Other operating charges -€204
down €204 (-53.2%), from €384 to €180
- Financial charges -€198
down €198 (-20.2%), from €981 to €783
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.
Cash bridge derived
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 | €64,887 | €62,602 | -€2,285 | -3.5% |
| Current assets | 29/58 | €64,887 | €62,602 | -€2,285 | -3.5% |
| Stocks and contracts in progress | 3 | €15,458 | €15,458 | = | 0.0% |
| Stocks | 30/36 | €15,458 | €15,458 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,442 | €46,156 | -€2,285 | -4.7% |
| Trade receivables | 40 | - | €6,328 | +€6,328 | |
| Other amounts receivable | 41 | €48,442 | €39,829 | -€8,613 | -17.8% |
| Cash at bank and in hand | 54/58 | €250 | €250 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €737 | €737 | = | 0.0% |
| Total equity and liabilities | 10/49 | €64,887 | €62,602 | -€2,285 | -3.5% |
| Equity | 10/15 | €21,068 | €10,127 | -€10,940 | -51.9% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,932 | -€25,873 | -€10,940 | -73.3% |
| Amounts payable | 17/49 | €43,819 | €52,474 | +€8,655 | +19.8% |
| Amounts payable within one year | 42/48 | €43,819 | €48,299 | +€4,480 | +10.2% |
| Financial debts | 43 | €5,604 | €3,551 | -€2,053 | -36.6% |
| Credit institutions | 430/8 | €4,972 | €3,551 | -€1,421 | -28.6% |
| Other loans | 439 | €632 | - | -€632 | |
| Trade debts | 44 | €6,124 | €8,485 | +€2,362 | +38.6% |
| Suppliers | 440/4 | €6,124 | €8,485 | +€2,362 | +38.6% |
| Taxes, remuneration and social security | 45 | - | €4,171 | +€4,171 | |
| Taxes | 450/3 | - | €4,171 | +€4,171 | |
| Other amounts payable | 47/48 | €32,092 | €32,092 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €4,175 | +€4,175 | |
| Other operating charges | 640/8 | €384 | €180 | -€204 | -53.2% |
| Gross operating margin | 9900 | €1,168 | -€9,978 | -€11,145 | |
| Operating profit (loss) | 9901 | €784 | -€10,158 | -€10,941 | |
| Financial charges | 65/66B | €981 | €783 | -€198 | -20.2% |
| Recurring financial charges | 65 | €981 | €783 | -€198 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€197 | -€10,940 | -€10,743 | -5444.4% |
| Profit (loss) for the period | 9904 | -€197 | -€10,940 | -€10,743 | -5444.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€197 | -€10,940 | -€10,743 | -5444.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.