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 +€99,249
up €99,249 (+238.0%), from €41,707 to €140,956
mainly Net result for the year (+€89,045) and Trade debts (+€84,146)
- Receivables within one year -€20,948
down €20,948 (-43.4%), from €48,301 to €27,354
of which Trade receivables: -€21,770
- Trade debts +€84,146
up €84,146 (+124.4%), from €67,655 to €151,801
- Profit (loss) carried forward +€71,045
up €71,045 (+59.5%), from €119,494 to €190,539
- Debts after one year -€59,113
down €59,113 (-7.4%), from €800,725 to €741,612
- Other debts -€20,102
down €20,102 (-47.2%), from €42,613 to €22,511
- Gross operating margin +€87,394
up €87,394 (+58.2%), from €150,150 to €237,544
- Staff costs +€23,955
up €23,955 (+59.3%), from €40,389 to €64,343
- Depreciation +€10,176
up €10,176 (+21.6%), from €47,150 to €57,326
- Taxes -€8,000
no longer reported in 2024 (was €8,000)
- Other operating charges +€7,101
up €7,101 (+163.1%), from €4,353 to €11,453
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,060,474 | €1,142,846 | +€82,372 | +7.8% |
| Fixed assets | 21/28 | €970,465 | €974,536 | +€4,070 | +0.4% |
| Intangible fixed assets | 21 | €667 | - | -€667 | |
| Tangible fixed assets | 22/27 | €969,699 | €974,436 | +€4,737 | +0.5% |
| Plant, machinery and equipment | 23 | - | €47,570 | +€47,570 | |
| Furniture and vehicles | 24 | €17,084 | €7,596 | -€9,487 | -55.5% |
| Leasing and similar rights | 25 | €952,615 | €919,270 | -€33,345 | -3.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €90,009 | €168,310 | +€78,301 | +87.0% |
| Amounts receivable within one year | 40/41 | €48,301 | €27,354 | -€20,948 | -43.4% |
| Trade receivables | 40 | €48,301 | €26,531 | -€21,770 | -45.1% |
| Other amounts receivable | 41 | - | €823 | +€823 | |
| Cash at bank and in hand | 54/58 | €41,707 | €140,956 | +€99,249 | +238.0% |
| Total equity and liabilities | 10/49 | €1,060,474 | €1,142,846 | +€82,372 | +7.8% |
| Equity | 10/15 | €139,954 | €210,999 | +€71,045 | +50.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,494 | €190,539 | +€71,045 | +59.5% |
| Amounts payable | 17/49 | €920,520 | €931,847 | +€11,327 | +1.2% |
| Amounts payable after more than one year | 17 | €800,725 | €741,612 | -€59,113 | -7.4% |
| Financial debts | 170/4 | €800,725 | €741,612 | -€59,113 | -7.4% |
| Amounts payable within one year | 42/48 | €119,795 | €190,236 | +€70,441 | +58.8% |
| Trade debts | 44 | €67,655 | €151,801 | +€84,146 | +124.4% |
| Suppliers | 440/4 | €67,655 | €151,801 | +€84,146 | +124.4% |
| Taxes, remuneration and social security | 45 | €9,527 | €15,924 | +€6,396 | +67.1% |
| Taxes | 450/3 | - | €12,494 | +€12,494 | |
| Remuneration and social security | 454/9 | €9,527 | €3,430 | -€6,097 | -64.0% |
| Other amounts payable | 47/48 | €42,613 | €22,511 | -€20,102 | -47.2% |
| Remuneration, social security and pensions | 62 | €40,389 | €64,343 | +€23,955 | +59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,150 | €57,326 | +€10,176 | +21.6% |
| Other operating charges | 640/8 | €4,353 | €11,453 | +€7,101 | +163.1% |
| Gross operating margin | 9900 | €150,150 | €237,544 | +€87,394 | +58.2% |
| Operating profit (loss) | 9901 | €58,259 | €104,423 | +€46,164 | +79.2% |
| Financial charges | 65/66B | €12,116 | €15,378 | +€3,262 | +26.9% |
| Recurring financial charges | 65 | €12,116 | €15,378 | +€3,262 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | €46,143 | €89,045 | +€42,902 | +93.0% |
| Income taxes | 67/77 | €8,000 | - | -€8,000 | |
| Profit (loss) for the period | 9904 | €38,143 | €89,045 | +€50,902 | +133.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,143 | €89,045 | +€50,902 | +133.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.