WillemsStrategic: 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.
WillemsStrategic
Largest movements
- Tangible fixed assets +€24,494
up €24,494 (+262%), from €9,332 to €33,826
of which Other tangible fixed assets: +€25,159
- Cash -€21,742
down €21,742 (-45.5%), from €47,750 to €26,008
mainly Contributions, distributions and other (-€60,000) and Investment in fixed assets (net) (-€28,712)
- Receivables within one year +€5,236
up €5,236 (+27.1%), from €19,328 to €24,565
of which Trade receivables: +€6,905
- Reserves +€5,968
up €5,968 (+9.0%), from €66,467 to €72,435
- Tax, wage and social debts +€4,089
up €4,089 (+318%), from €1,288 to €5,377
- Other debts -€2,575
down €2,575 (-34.8%), from €7,392 to €4,817
- Gross operating margin +€8,859
up €8,859 (+10.9%), from €81,173 to €90,033
- Depreciation +€3,096
up €3,096 (+276%), from €1,122 to €4,218
- Financial income -€1,521
down €1,521 (-100%), from €1,521 to €0
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 | €77,157 | €84,398 | +€7,242 | +9.4% |
| Fixed assets | 21/28 | €9,332 | €33,826 | +€24,494 | +262% |
| Tangible fixed assets | 22/27 | €9,332 | €33,826 | +€24,494 | +262% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,937 | €5,272 | -€665 | -11.2% |
| Other tangible fixed assets | 26 | €3,395 | €28,554 | +€25,159 | +741% |
| Current assets | 29/58 | €67,824 | €50,572 | -€17,252 | -25.4% |
| Amounts receivable within one year | 40/41 | €19,328 | €24,565 | +€5,236 | +27.1% |
| Trade receivables | 40 | €17,120 | €24,025 | +€6,905 | +40.3% |
| Other amounts receivable | 41 | €2,208 | €540 | -€1,668 | -75.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €47,750 | €26,008 | -€21,742 | -45.5% |
| Deferred charges and accrued income | 490/1 | €746 | €0 | -€746 | -100% |
| Total equity and liabilities | 10/49 | €77,157 | €84,398 | +€7,242 | +9.4% |
| Equity | 10/15 | €66,767 | €72,735 | +€5,968 | +8.9% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €66,467 | €72,435 | +€5,968 | +9.0% |
| Distributable reserves | 133 | €66,467 | €72,435 | +€5,968 | +9.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,389 | €11,663 | +€1,274 | +12.3% |
| Amounts payable within one year | 42/48 | €9,736 | €11,231 | +€1,495 | +15.4% |
| Trade debts | 44 | €1,057 | €1,037 | -€19 | -1.8% |
| Suppliers | 440/4 | €1,057 | €1,037 | -€19 | -1.8% |
| Taxes, remuneration and social security | 45 | €1,288 | €5,377 | +€4,089 | +318% |
| Taxes | 450/3 | €1,288 | €5,377 | +€4,089 | +318% |
| Other amounts payable | 47/48 | €7,392 | €4,817 | -€2,575 | -34.8% |
| Accrued charges and deferred income | 492/3 | €653 | €432 | -€221 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,122 | €4,218 | +€3,096 | +276% |
| Other operating charges | 640/8 | €815 | €571 | -€244 | -29.9% |
| Non-recurring operating charges | 66A | €386 | €1,112 | +€726 | +188% |
| Gross operating margin | 9900 | €81,173 | €90,033 | +€8,859 | +10.9% |
| Operating profit (loss) | 9901 | €78,851 | €84,131 | +€5,281 | +6.7% |
| Financial income | 75/76B | €1,521 | €0 | -€1,521 | -100% |
| Recurring financial income | 75 | €1,521 | €0 | -€1,521 | -100% |
| Financial charges | 65/66B | €1,482 | €1,040 | -€442 | -29.8% |
| Recurring financial charges | 65 | €1,482 | €1,040 | -€442 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €78,889 | €83,091 | +€4,202 | +5.3% |
| Income taxes | 67/77 | €16,677 | €17,123 | +€447 | +2.7% |
| Profit (loss) for the period | 9904 | €62,212 | €65,968 | +€3,756 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,212 | €65,968 | +€3,756 | +6.0% |
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 29 October 2026 via checked.be.