WILLIAM INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€21,848
down €21,848 (-2.6%), from €825,440 to €803,591
of which Land and buildings: -€31,715
- Cash -€14,432
down €14,432 (-69.1%), from €20,876 to €6,444
mainly Investment in fixed assets (net) (-€32,014) and Trade debts (-€15,745)
- Trade debts -€15,745
down €15,745 (-98.1%), from €16,050 to €304
- Other debts -€11,075
down €11,075 (-7.8%), from €142,885 to €131,810
- Profit (loss) carried forward -€10,351
down €10,351 (-2.7%), from -€379,699 to -€390,050
- Gross operating margin +€10,020
up €10,020 (+28.1%), from €35,700 to €45,720
- Depreciation +€5,472
up €5,472 (+11.3%), from €48,390 to €53,862
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 | €862,157 | €825,760 | -€36,396 | -4.2% |
| Fixed assets | 21/28 | €825,440 | €803,591 | -€21,848 | -2.6% |
| Tangible fixed assets | 22/27 | €825,440 | €803,591 | -€21,848 | -2.6% |
| Land and buildings | 22 | €768,330 | €736,615 | -€31,715 | -4.1% |
| Plant, machinery and equipment | 23 | €57,110 | €66,976 | +€9,866 | +17.3% |
| Current assets | 29/58 | €36,717 | €22,169 | -€14,548 | -39.6% |
| Amounts receivable within one year | 40/41 | €12,334 | €12,108 | -€226 | -1.8% |
| Trade receivables | 40 | €8,034 | €7,808 | -€226 | -2.8% |
| Other amounts receivable | 41 | €4,300 | €4,300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,876 | €6,444 | -€14,432 | -69.1% |
| Deferred charges and accrued income | 490/1 | €3,507 | €3,617 | +€110 | +3.1% |
| Total equity and liabilities | 10/49 | €862,157 | €825,760 | -€36,396 | -4.2% |
| Equity | 10/15 | €700,301 | €689,950 | -€10,351 | -1.5% |
| Contributions | 10/11 | €1,080,000 | €1,080,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€379,699 | -€390,050 | -€10,351 | -2.7% |
| Amounts payable | 17/49 | €161,856 | €135,810 | -€26,045 | -16.1% |
| Amounts payable within one year | 42/48 | €161,856 | €135,810 | -€26,045 | -16.1% |
| Trade debts | 44 | €16,050 | €304 | -€15,745 | -98.1% |
| Suppliers | 440/4 | €16,050 | €304 | -€15,745 | -98.1% |
| Taxes, remuneration and social security | 45 | €2,921 | €3,696 | +€775 | +26.5% |
| Taxes | 450/3 | €2,921 | €3,696 | +€775 | +26.5% |
| Other amounts payable | 47/48 | €142,885 | €131,810 | -€11,075 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,390 | €53,862 | +€5,472 | +11.3% |
| Other operating charges | 640/8 | €2,076 | €2,141 | +€65 | +3.1% |
| Gross operating margin | 9900 | €35,700 | €45,720 | +€10,020 | +28.1% |
| Operating profit (loss) | 9901 | -€14,767 | -€10,284 | +€4,483 | +30.4% |
| Financial charges | 65/66B | €70 | €67 | -€3 | -3.9% |
| Recurring financial charges | 65 | €70 | €67 | -€3 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,837 | -€10,351 | +€4,486 | +30.2% |
| Profit (loss) for the period | 9904 | -€14,837 | -€10,351 | +€4,486 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,837 | -€10,351 | +€4,486 | +30.2% |
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 18 October 2026 via checked.be.