WILLIAMS en Co: 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.
What changed
WILLIAMS en Co
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€50,297
2024 · -€7,728+€58,024
Equity
€2.6m
2024 · €2.6m+€50,297
Cash
€32,613
2024 · €71,899-€39,287
Balance sheet total
€2.9m
2024 · €3.0m-€62,452
Largest movements
Assets
- Tangible fixed assets -€93,854
down €93,854 (-4.1%), from €2.3m to €2.2m
of which Land and buildings: -€90,515
- Current investments +€83,796
up €83,796 (+13.5%), from €619,160 to €702,955
- Cash -€39,287
down €39,287 (-54.6%), from €71,899 to €32,613
mainly Current investments (-€83,796) and Current portion of long-term debt (-€77,091)
Equity and liabilities
- Current portion of long-term debt -€77,091
down €77,091 (-91.6%), from €84,150 to €7,060
- Reserves +€50,297
up €50,297 (+2.2%), from €2.3m to €2.4m
of which Distributable reserves: +€75,420
Income statement
- Financial income -€57,833
down €57,833 (-40.8%), from €141,632 to €83,799
- Taxes +€18,844
up €18,844 (+184%), from €10,265 to €29,109
- Gross operating margin +€16,156
up €16,156 (+13.6%), from €118,489 to €134,645
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.
Result 2024
-€7,728
Gross operating margin
+€16,156
Depreciation
+€449
Other operating charges
+€480
Other operating items
+€117,305
Financial income
-€57,833
Financial charges
+€311
Taxes
-€18,844
Result 2025
€50,297
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€164,355
Investment
-€103,491
Financing
-€100,150
Cash 2024
€71,899
From operations (derived)
+€164,355
Net result for the year
+€50,297
Depreciation
+€113,550
Receivables within one year
+€16,314
Deferred charges and accrued income
-€3,208
Provisions
-€8,375
Trade debts
-€12,177
Tax, wage and social debts
+€12,046
Other debts
-€6,302
Accrued charges and deferred income
+€2,210
Investment (derived)
-€103,491
Investment in fixed assets (net)
-€19,696
Current investments
-€83,796
Financing
-€100,150
Debts after one year
-€23,060
Current portion of long-term debt
-€77,091
Cash 2025
€32,613
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,987,884 | €2,925,432 | -€62,452 | -2.1% |
| Fixed assets | 21/28 | €2,276,222 | €2,182,368 | -€93,854 | -4.1% |
| Tangible fixed assets | 22/27 | €2,268,587 | €2,174,733 | -€93,854 | -4.1% |
| Land and buildings | 22 | €2,257,794 | €2,167,280 | -€90,515 | -4.0% |
| Plant, machinery and equipment | 23 | €2,472 | €1,378 | -€1,094 | -44.3% |
| Furniture and vehicles | 24 | €8,321 | €6,075 | -€2,246 | -27.0% |
| Financial fixed assets | 28 | €7,635 | €7,635 | = | 0.0% |
| Current assets | 29/58 | €711,662 | €743,064 | +€31,403 | +4.4% |
| Amounts receivable within one year | 40/41 | €18,875 | €2,560 | -€16,314 | -86.4% |
| Other amounts receivable | 41 | €18,875 | €2,560 | -€16,314 | -86.4% |
| Current investments | 50/53 | €619,160 | €702,955 | +€83,796 | +13.5% |
| Cash at bank and in hand | 54/58 | €71,899 | €32,613 | -€39,287 | -54.6% |
| Deferred charges and accrued income | 490/1 | €1,728 | €4,936 | +€3,208 | +186% |
| Total equity and liabilities | 10/49 | €2,987,884 | €2,925,432 | -€62,452 | -2.1% |
| Equity | 10/15 | €2,565,286 | €2,615,583 | +€50,297 | +2.0% |
| Contributions | 10/11 | €235,000 | €235,000 | = | 0.0% |
| Capital | 10 | €235,000 | €235,000 | = | 0.0% |
| Issued capital | 100 | €235,000 | €235,000 | = | 0.0% |
| Reserves | 13 | €2,330,286 | €2,380,583 | +€50,297 | +2.2% |
| Non-distributable reserves | 130/1 | €23,500 | €23,500 | = | 0.0% |
| Legal reserve | 130 | €23,500 | €23,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €110,341 | €85,217 | -€25,124 | -22.8% |
| Distributable reserves | 133 | €2,196,445 | €2,271,866 | +€75,420 | +3.4% |
| Provisions and deferred taxes | 16 | €36,780 | €28,406 | -€8,375 | -22.8% |
| Provisions for liabilities and charges | 160/5 | €36,780 | €28,406 | -€8,375 | -22.8% |
| Taxes | 161 | €36,780 | €28,406 | -€8,375 | -22.8% |
| Amounts payable | 17/49 | €385,818 | €281,444 | -€104,374 | -27.1% |
| Amounts payable after more than one year | 17 | €253,060 | €230,000 | -€23,060 | -9.1% |
| Financial debts | 170/4 | €253,060 | €230,000 | -€23,060 | -9.1% |
| Amounts payable within one year | 42/48 | €132,758 | €49,234 | -€83,524 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €84,150 | €7,060 | -€77,091 | -91.6% |
| Trade debts | 44 | €14,792 | €2,614 | -€12,177 | -82.3% |
| Suppliers | 440/4 | €14,792 | €2,614 | -€12,177 | -82.3% |
| Taxes, remuneration and social security | 45 | €9,452 | €21,498 | +€12,046 | +127% |
| Taxes | 450/3 | €9,452 | €21,498 | +€12,046 | +127% |
| Other amounts payable | 47/48 | €24,364 | €18,062 | -€6,302 | -25.9% |
| Accrued charges and deferred income | 492/3 | - | €2,210 | +€2,210 | |
| Non-recurring operating income | 76A | - | €3,378 | +€3,378 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,999 | €113,550 | -€449 | -0.4% |
| Other operating charges | 640/8 | €31,098 | €30,619 | -€480 | -1.5% |
| Non-recurring operating charges | 66A | €117,305 | - | -€117,305 | |
| Gross operating margin | 9900 | €118,489 | €134,645 | +€16,156 | +13.6% |
| Operating profit (loss) | 9901 | -€143,914 | -€9,524 | +€134,389 | +93.4% |
| Financial income | 75/76B | €141,632 | €83,799 | -€57,833 | -40.8% |
| Recurring financial income | 75 | €141,632 | €83,799 | -€57,833 | -40.8% |
| Financial charges | 65/66B | €3,555 | €3,244 | -€311 | -8.8% |
| Recurring financial charges | 65 | €3,555 | €3,244 | -€311 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,837 | €71,031 | +€76,868 | |
| Transfer from deferred taxes | 780 | €8,375 | €8,375 | = | 0.0% |
| Income taxes | 67/77 | €10,265 | €29,109 | +€18,844 | +184% |
| Profit (loss) for the period | 9904 | -€7,728 | €50,297 | +€58,024 | |
| Transfer from tax-exempt reserves | 789 | €25,124 | €25,124 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,396 | €75,420 | +€58,024 | +334% |
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 28 October 2026 via checked.be.