William: 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.
William
Largest movements
- Cash +€7,090
up €7,090 (+29.8%), from €23,773 to €30,863
mainly Net result for the year (+€25,297) and Depreciation (+€8,001)
- Receivables within one year -€4,201
down €4,201 (-27.3%), from €15,415 to €11,214
of which Trade receivables: -€4,105
- Tangible fixed assets -€847
down €847 (-7.2%), from €11,758 to €10,910
of which Plant, machinery and equipment: -€7,515
- Profit (loss) carried forward +€5,297
up €5,297 (+23.6%), from €22,403 to €27,700
- Trade debts -€2,481
down €2,481 (-46.1%), from €5,386 to €2,905
- Accrued charges and deferred income -€1,705
down €1,705 (-81.3%), from €2,098 to €393
- Other debts +€1,051
up €1,051 (+44.0%), from €2,387 to €3,438
- Purchases and services -€24,279
down €24,279 (-10.1%), from €241,321 to €217,042
- Turnover -€24,068
down €24,068 (-8.7%), from €277,963 to €253,895
- Taxes -€8,089
down €8,089 (-71.8%), from €11,274 to €3,184
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 | €54,652 | €56,914 | +€2,262 | +4.1% |
| Fixed assets | 21/28 | €14,158 | €13,310 | -€847 | -6.0% |
| Tangible fixed assets | 22/27 | €11,758 | €10,910 | -€847 | -7.2% |
| Plant, machinery and equipment | 23 | €11,065 | €3,550 | -€7,515 | -67.9% |
| Furniture and vehicles | 24 | €693 | €7,360 | +€6,667 | +962.1% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €40,495 | €43,604 | +€3,109 | +7.7% |
| Stocks and contracts in progress | 3 | €1,306 | €1,527 | +€220 | +16.9% |
| Stocks | 30/36 | €1,306 | €1,527 | +€220 | +16.9% |
| Amounts receivable within one year | 40/41 | €15,415 | €11,214 | -€4,201 | -27.3% |
| Trade receivables | 40 | €12,258 | €8,153 | -€4,105 | -33.5% |
| Other amounts receivable | 41 | €3,157 | €3,061 | -€96 | -3.0% |
| Cash at bank and in hand | 54/58 | €23,773 | €30,863 | +€7,090 | +29.8% |
| Total equity and liabilities | 10/49 | €54,652 | €56,914 | +€2,262 | +4.1% |
| Equity | 10/15 | €24,882 | €30,179 | +€5,297 | +21.3% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Legal reserve | 130 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,403 | €27,700 | +€5,297 | +23.6% |
| Amounts payable | 17/49 | €29,771 | €26,736 | -€3,035 | -10.2% |
| Amounts payable within one year | 42/48 | €27,673 | €26,343 | -€1,330 | -4.8% |
| Trade debts | 44 | €5,386 | €2,905 | -€2,481 | -46.1% |
| Suppliers | 440/4 | €5,386 | €2,905 | -€2,481 | -46.1% |
| Taxes, remuneration and social security | 45 | €19,900 | €20,000 | +€100 | +0.5% |
| Taxes | 450/3 | €5,970 | €6,000 | +€30 | +0.5% |
| Remuneration and social security | 454/9 | €13,930 | €14,000 | +€70 | +0.5% |
| Other amounts payable | 47/48 | €2,387 | €3,438 | +€1,051 | +44.0% |
| Accrued charges and deferred income | 492/3 | €2,098 | €393 | -€1,705 | -81.3% |
| Turnover | 70 | €277,963 | €253,895 | -€24,068 | -8.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €241,321 | €217,042 | -€24,279 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,458 | €8,001 | +€2,544 | +46.6% |
| Other operating charges | 640/8 | €53 | €413 | +€360 | +676.7% |
| Gross operating margin | 9900 | €36,642 | €36,852 | +€210 | +0.6% |
| Operating profit (loss) | 9901 | €31,131 | €28,438 | -€2,693 | -8.7% |
| Financial income | 75/76B | €135 | €153 | +€17 | +12.9% |
| Recurring financial income | 75 | €135 | €153 | +€17 | +12.9% |
| Financial charges | 65/66B | €72 | €109 | +€37 | +50.4% |
| Recurring financial charges | 65 | €72 | €109 | +€37 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €31,194 | €28,482 | -€2,713 | -8.7% |
| Income taxes | 67/77 | €11,274 | €3,184 | -€8,089 | -71.8% |
| Profit (loss) for the period | 9904 | €19,920 | €25,297 | +€5,377 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,920 | €25,297 | +€5,377 | +27.0% |
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 9 October 2026 via checked.be.