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
- Receivables within one year -€15,987
down €15,987 (-80.0%), from €19,993 to €4,006
of which Trade receivables: -€8,422
- Intangible fixed assets -€2,500
down €2,500 (-18.2%), from €13,750 to €11,250
- Other debts -€20,902
down €20,902 (-44.6%), from €46,882 to €25,980
- Profit (loss) carried forward +€16,795
up €16,795 (+28.1%), from €59,792 to €76,587
- Trade debts -€7,823
down €7,823 (-84.6%), from €9,245 to €1,422
- Accrued charges and deferred income -€3,556
down €3,556 (-23.8%), from €14,937 to €11,381
- Gross operating margin -€16,984
down €16,984 (-41.1%), from €41,344 to €24,360
- Taxes -€3,053
down €3,053 (-41.3%), from €7,400 to €4,347
- Depreciation +€786
up €786 (+27.5%), from €2,863 to €3,649
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 | €155,151 | €138,381 | -€16,770 | -10.8% |
| Fixed assets | 21/28 | €15,648 | €14,371 | -€1,278 | -8.2% |
| Intangible fixed assets | 21 | €13,750 | €11,250 | -€2,500 | -18.2% |
| Tangible fixed assets | 22/27 | €1,898 | €3,121 | +€1,222 | +64.4% |
| Plant, machinery and equipment | 23 | €1,898 | €1,152 | -€746 | -39.3% |
| Furniture and vehicles | 24 | - | €1,968 | +€1,968 | |
| Current assets | 29/58 | €139,502 | €124,011 | -€15,492 | -11.1% |
| Stocks and contracts in progress | 3 | €3,863 | €3,712 | -€150 | -3.9% |
| Stocks | 30/36 | €3,863 | €3,712 | -€150 | -3.9% |
| Amounts receivable within one year | 40/41 | €19,993 | €4,006 | -€15,987 | -80.0% |
| Trade receivables | 40 | €10,222 | €1,800 | -€8,422 | -82.4% |
| Other amounts receivable | 41 | €9,771 | €2,206 | -€7,565 | -77.4% |
| Cash at bank and in hand | 54/58 | €115,646 | €116,292 | +€646 | +0.6% |
| Total equity and liabilities | 10/49 | €155,151 | €138,381 | -€16,770 | -10.8% |
| Equity | 10/15 | €65,992 | €82,787 | +€16,795 | +25.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,792 | €76,587 | +€16,795 | +28.1% |
| Amounts payable | 17/49 | €89,158 | €55,594 | -€33,564 | -37.6% |
| Amounts payable within one year | 42/48 | €74,221 | €44,213 | -€30,008 | -40.4% |
| Trade debts | 44 | €9,245 | €1,422 | -€7,823 | -84.6% |
| Suppliers | 440/4 | €9,245 | €1,422 | -€7,823 | -84.6% |
| Taxes, remuneration and social security | 45 | €18,094 | €16,811 | -€1,283 | -7.1% |
| Taxes | 450/3 | €16,494 | €14,411 | -€2,083 | -12.6% |
| Remuneration and social security | 454/9 | €1,600 | €2,400 | +€800 | +50.0% |
| Other amounts payable | 47/48 | €46,882 | €25,980 | -€20,902 | -44.6% |
| Accrued charges and deferred income | 492/3 | €14,937 | €11,381 | -€3,556 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,863 | €3,649 | +€786 | +27.5% |
| Other operating charges | 640/8 | €190 | €365 | +€175 | +92.2% |
| Gross operating margin | 9900 | €41,344 | €24,360 | -€16,984 | -41.1% |
| Operating profit (loss) | 9901 | €38,291 | €20,345 | -€17,946 | -46.9% |
| Financial income | 75/76B | €1,070 | €1,073 | +€3 | +0.2% |
| Recurring financial income | 75 | €1,070 | €1,073 | +€3 | +0.2% |
| Financial charges | 65/66B | €128 | €276 | +€148 | +116.3% |
| Recurring financial charges | 65 | €128 | €276 | +€148 | +116.3% |
| Profit (loss) for the period before taxes | 9903 | €39,234 | €21,142 | -€18,092 | -46.1% |
| Income taxes | 67/77 | €7,400 | €4,347 | -€3,053 | -41.3% |
| Profit (loss) for the period | 9904 | €31,834 | €16,795 | -€15,039 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,834 | €16,795 | -€15,039 | -47.2% |
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 9 October 2026 via checked.be.