WILLIAM CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year -€299,482
down €299,482 (-69.1%), from €433,408 to €133,927
of which Trade receivables: -€328,328
- Tangible fixed assets -€19,354
down €19,354 (-40.1%), from €48,217 to €28,863
of which Furniture and vehicles: -€15,269
- Trade debts -€218,053
down €218,053 (-95.1%), from €229,306 to €11,252
- Advances received -€99,694
no longer reported in 2025 (was €99,694)
- Other debts -€53,562
no longer reported in 2025 (was €53,562)
- Profit (loss) carried forward +€44,097
up €44,097, from -€22,110 to €21,986
- Tax, wage and social debts +€21,162
up €21,162 (+52.5%), from €40,302 to €61,464
of which Taxes: +€20,877
- Gross operating margin +€106,789
up €106,789 (+191.4%), from €55,802 to €162,591
- Taxes +€19,885
up €19,885 (+2818.8%), from €705 to €20,591
- Financial income -€9,801
no longer reported in 2025 (was €9,801)
of which Financial income: -€9,801
- Financial charges -€6,008
down €6,008 (-52.8%), from €11,374 to €5,366
of which Non-recurring financial charges: -€3,305
- Other operating charges -€3,934
down €3,934 (-46.7%), from €8,416 to €4,482
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 | €484,462 | €166,920 | -€317,542 | -65.5% |
| Fixed assets | 21/28 | €48,680 | €29,326 | -€19,354 | -39.8% |
| Tangible fixed assets | 22/27 | €48,217 | €28,863 | -€19,354 | -40.1% |
| Furniture and vehicles | 24 | €40,541 | €25,272 | -€15,269 | -37.7% |
| Other tangible fixed assets | 26 | €7,676 | €3,591 | -€4,085 | -53.2% |
| Financial fixed assets | 28 | €463 | €463 | = | 0.0% |
| Current assets | 29/58 | €435,783 | €137,595 | -€298,188 | -68.4% |
| Amounts receivable within one year | 40/41 | €433,408 | €133,927 | -€299,482 | -69.1% |
| Trade receivables | 40 | €432,696 | €104,368 | -€328,328 | -75.9% |
| Other amounts receivable | 41 | €712 | €29,559 | +€28,847 | +4051.3% |
| Cash at bank and in hand | 54/58 | €1,229 | €1,059 | -€169 | -13.8% |
| Deferred charges and accrued income | 490/1 | €1,145 | €2,609 | +€1,463 | +127.7% |
| Total equity and liabilities | 10/49 | €484,462 | €166,920 | -€317,542 | -65.5% |
| Equity | 10/15 | €2,250 | €46,346 | +€44,097 | +1960.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,110 | €21,986 | +€44,097 | |
| Amounts payable | 17/49 | €482,213 | €120,574 | -€361,639 | -75.0% |
| Amounts payable after more than one year | 17 | €13,834 | €4,711 | -€9,123 | -65.9% |
| Financial debts | 170/4 | €13,834 | €4,711 | -€9,123 | -65.9% |
| Amounts payable within one year | 42/48 | €468,379 | €115,863 | -€352,516 | -75.3% |
| Current portion of amounts payable after more than one year | 42 | €8,740 | €9,123 | +€383 | +4.4% |
| Financial debts | 43 | €36,776 | €34,024 | -€2,752 | -7.5% |
| Credit institutions | 430/8 | €36,776 | €34,024 | -€2,752 | -7.5% |
| Trade debts | 44 | €229,306 | €11,252 | -€218,053 | -95.1% |
| Suppliers | 440/4 | €229,306 | €11,252 | -€218,053 | -95.1% |
| Advances received on contracts in progress | 46 | €99,694 | - | -€99,694 | |
| Taxes, remuneration and social security | 45 | €40,302 | €61,464 | +€21,162 | +52.5% |
| Taxes | 450/3 | €25,195 | €46,072 | +€20,877 | +82.9% |
| Remuneration and social security | 454/9 | €15,107 | €15,392 | +€285 | +1.9% |
| Other amounts payable | 47/48 | €53,562 | - | -€53,562 | |
| Remuneration, social security and pensions | 62 | €66,083 | €67,270 | +€1,188 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,397 | €20,785 | -€611 | -2.9% |
| Other operating charges | 640/8 | €8,416 | €4,482 | -€3,934 | -46.7% |
| Gross operating margin | 9900 | €55,802 | €162,591 | +€106,789 | +191.4% |
| Operating profit (loss) | 9901 | -€40,093 | €70,053 | +€110,147 | |
| Financial income | 75/76B | €9,801 | - | -€9,801 | |
| Recurring financial income | 75 | €9,801 | - | -€9,801 | |
| Non-recurring financial income | 76B | €9,801 | - | -€9,801 | |
| Financial charges | 65/66B | €11,374 | €5,366 | -€6,008 | -52.8% |
| Recurring financial charges | 65 | €8,069 | €5,366 | -€2,703 | -33.5% |
| Non-recurring financial charges | 66B | €3,305 | - | -€3,305 | |
| Profit (loss) for the period before taxes | 9903 | -€41,666 | €64,687 | +€106,353 | |
| Income taxes | 67/77 | €705 | €20,591 | +€19,885 | +2818.8% |
| Profit (loss) for the period | 9904 | -€42,371 | €44,097 | +€86,468 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,371 | €44,097 | +€86,468 |
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 12 October 2026 via checked.be.