WILLIAM'S: what changed
Two fiscal 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'S
Largest movements
- Receivables within one year +€37,429
up €37,429 (+2161.7%), from €1,731 to €39,160
of which Other amounts receivable: +€28,380
- Cash +€34,875
up €34,875 (+997.8%), from €3,495 to €38,370
mainly Net result for the year (+€73,009) and Trade debts (+€6,962)
- Profit (loss) carried forward +€73,009
up €73,009 (+51.0%), from -€143,181 to -€70,172
- Trade debts +€6,962
up €6,962 (+86.6%), from €8,038 to €15,000
- Other debts -€5,108
down €5,108 (-7.2%), from €70,519 to €65,411
- Gross operating margin +€125,258
up €125,258, from -€20,354 to €104,904
- Staff costs +€13,207
up €13,207 (+127.4%), from €10,363 to €23,570
- Taxes +€4,412
up €4,412 (+1498.1%), from €295 to €4,707
- Depreciation -€4,294
down €4,294 (-81.3%), from €5,282 to €988
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 | €76,486 | €150,052 | +€73,566 | +96.2% |
| Fixed assets | 21/28 | €63,984 | €64,415 | +€431 | +0.7% |
| Tangible fixed assets | 22/27 | €61,992 | €62,423 | +€431 | +0.7% |
| Land and buildings | 22 | €60,891 | €60,891 | -€0 | 0.0% |
| Plant, machinery and equipment | 23 | €1,101 | €1,532 | +€431 | +39.1% |
| Financial fixed assets | 28 | €1,992 | €1,992 | -€0 | 0.0% |
| Current assets | 29/58 | €12,502 | €85,637 | +€73,135 | +585.0% |
| Stocks and contracts in progress | 3 | €7,275 | €8,107 | +€832 | +11.4% |
| Stocks | 30/36 | €7,275 | €8,107 | +€832 | +11.4% |
| Amounts receivable within one year | 40/41 | €1,731 | €39,160 | +€37,429 | +2161.7% |
| Trade receivables | 40 | - | €9,049 | +€9,049 | |
| Other amounts receivable | 41 | €1,731 | €30,111 | +€28,380 | +1639.1% |
| Cash at bank and in hand | 54/58 | €3,495 | €38,370 | +€34,875 | +997.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €76,486 | €150,052 | +€73,566 | +96.2% |
| Equity | 10/15 | -€13,909 | €59,100 | +€73,009 | |
| Contributions | 10/11 | €68,201 | €68,201 | +€1 | 0.0% |
| Capital | 10 | €68,201 | €68,201 | +€1 | 0.0% |
| Issued capital | 100 | €68,201 | €68,201 | +€1 | 0.0% |
| Reserves | 13 | €61,071 | €61,071 | +€0 | 0.0% |
| Distributable reserves | 133 | €61,071 | €61,071 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€143,181 | -€70,172 | +€73,009 | +51.0% |
| Amounts payable | 17/49 | €90,395 | €90,952 | +€557 | +0.6% |
| Amounts payable within one year | 42/48 | €90,395 | €90,952 | +€557 | +0.6% |
| Trade debts | 44 | €8,038 | €15,000 | +€6,962 | +86.6% |
| Suppliers | 440/4 | €8,038 | €15,000 | +€6,962 | +86.6% |
| Taxes, remuneration and social security | 45 | €11,837 | €10,541 | -€1,296 | -11.0% |
| Taxes | 450/3 | €1,715 | €10,541 | +€8,826 | +514.8% |
| Remuneration and social security | 454/9 | €10,123 | - | -€10,123 | |
| Other amounts payable | 47/48 | €70,519 | €65,411 | -€5,108 | -7.2% |
| Remuneration, social security and pensions | 62 | €10,363 | €23,570 | +€13,207 | +127.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,282 | €988 | -€4,294 | -81.3% |
| Other operating charges | 640/8 | €3,776 | €3,157 | -€619 | -16.4% |
| Gross operating margin | 9900 | -€20,354 | €104,904 | +€125,258 | |
| Operating profit (loss) | 9901 | -€39,775 | €77,189 | +€116,964 | |
| Financial income | 75/76B | €26 | €604 | +€578 | +2242.9% |
| Recurring financial income | 75 | €26 | €604 | +€578 | +2242.9% |
| Financial charges | 65/66B | €219 | €77 | -€142 | -64.9% |
| Recurring financial charges | 65 | €219 | €77 | -€142 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | -€39,968 | €77,716 | +€117,684 | |
| Income taxes | 67/77 | €295 | €4,707 | +€4,412 | +1498.1% |
| Profit (loss) for the period | 9904 | -€40,263 | €73,009 | +€113,272 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,263 | €73,009 | +€113,272 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.