William & Nancy: 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 & Nancy
Largest movements
- Tangible fixed assets -€20,314
down €20,314 (-12.7%), from €160,285 to €139,971
- Cash -€6,740
down €6,740 (-87.0%), from €7,748 to €1,008
mainly Tax, wage and social debts (-€11,895) and Other debts (-€9,127)
- Reserves +€38,234
new in 2025: €38,234
- Profit (loss) carried forward -€32,393
down €32,393 (-100.0%), from €32,393 to €0
- Tax, wage and social debts -€11,895
down €11,895 (-69.9%), from €17,014 to €5,120
- Other debts -€9,127
down €9,127 (-10.6%), from €85,970 to €76,843
- Current portion of long-term debt -€8,124
down €8,124 (-70.3%), from €11,549 to €3,425
- Taxes -€18,802
down €18,802 (-83.0%), from €22,658 to €3,855
- Gross operating margin -€13,496
down €13,496 (-28.0%), from €48,269 to €34,773
- Financial charges -€7,410
down €7,410 (-85.6%), from €8,657 to €1,247
of which Non-recurring financial charges: -€6,645
- Write-downs +€6,107
up €6,107, from -€6,107 to €0
- Depreciation -€3,832
down €3,832 (-15.9%), from €24,145 to €20,314
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 | €182,032 | €154,228 | -€27,804 | -15.3% |
| Fixed assets | 21/28 | €163,926 | €143,612 | -€20,314 | -12.4% |
| Tangible fixed assets | 22/27 | €160,285 | €139,971 | -€20,314 | -12.7% |
| Land and buildings | 22 | €127,094 | €120,325 | -€6,769 | -5.3% |
| Plant, machinery and equipment | 23 | €10,723 | €6,160 | -€4,563 | -42.6% |
| Furniture and vehicles | 24 | €15,563 | €9,900 | -€5,664 | -36.4% |
| Leasing and similar rights | 25 | €6,905 | €3,586 | -€3,319 | -48.1% |
| Financial fixed assets | 28 | €3,641 | €3,641 | = | 0.0% |
| Current assets | 29/58 | €18,106 | €10,616 | -€7,491 | -41.4% |
| Amounts receivable within one year | 40/41 | €7,482 | €7,640 | +€159 | +2.1% |
| Trade receivables | 40 | €6,843 | €5,338 | -€1,505 | -22.0% |
| Other amounts receivable | 41 | €638 | €2,303 | +€1,664 | +260.8% |
| Cash at bank and in hand | 54/58 | €7,748 | €1,008 | -€6,740 | -87.0% |
| Deferred charges and accrued income | 490/1 | €2,876 | €1,967 | -€909 | -31.6% |
| Total equity and liabilities | 10/49 | €182,032 | €154,228 | -€27,804 | -15.3% |
| Equity | 10/15 | €50,993 | €56,834 | +€5,842 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €38,234 | +€38,234 | |
| Distributable reserves | 133 | - | €38,234 | +€38,234 | |
| Profit (loss) carried forward | 14 | €32,393 | €0 | -€32,393 | -100.0% |
| Amounts payable | 17/49 | €131,039 | €97,393 | -€33,646 | -25.7% |
| Amounts payable after more than one year | 17 | €4,578 | €1,153 | -€3,425 | -74.8% |
| Financial debts | 170/4 | €4,578 | €1,153 | -€3,425 | -74.8% |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €126,461 | €96,240 | -€30,222 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €11,549 | €3,425 | -€8,124 | -70.3% |
| Financial debts | 43 | - | €1,098 | +€1,098 | |
| Credit institutions | 430/8 | - | €1,098 | +€1,098 | |
| Trade debts | 44 | €1,091 | €2,904 | +€1,812 | +166.1% |
| Suppliers | 440/4 | €1,091 | €2,904 | +€1,812 | +166.1% |
| Advances received on contracts in progress | 46 | €10,836 | €6,850 | -€3,986 | -36.8% |
| Taxes, remuneration and social security | 45 | €17,014 | €5,120 | -€11,895 | -69.9% |
| Taxes | 450/3 | €17,014 | €5,120 | -€11,895 | -69.9% |
| Other amounts payable | 47/48 | €85,970 | €76,843 | -€9,127 | -10.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €153 | €0 | -€153 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,145 | €20,314 | -€3,832 | -15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,107 | €0 | +€6,107 | |
| Other operating charges | 640/8 | €6,190 | €3,936 | -€2,255 | -36.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €48,269 | €34,773 | -€13,496 | -28.0% |
| Operating profit (loss) | 9901 | €23,887 | €10,524 | -€13,363 | -55.9% |
| Financial income | 75/76B | €101 | €420 | +€319 | +315.7% |
| Recurring financial income | 75 | €101 | €420 | +€319 | +315.7% |
| Financial charges | 65/66B | €8,657 | €1,247 | -€7,410 | -85.6% |
| Recurring financial charges | 65 | €2,012 | €1,247 | -€765 | -38.0% |
| Non-recurring financial charges | 66B | €6,645 | €0 | -€6,645 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €15,331 | €9,697 | -€5,634 | -36.7% |
| Income taxes | 67/77 | €22,658 | €3,855 | -€18,802 | -83.0% |
| Profit (loss) for the period | 9904 | -€7,326 | €5,842 | +€13,168 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,326 | €5,842 | +€13,168 |
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 10 October 2026 via checked.be.