WILLY BUDTS: 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.
WILLY BUDTS
Largest movements
- Cash -€60,690
down €60,690 (-84.6%), from €71,758 to €11,068
mainly Debts after one year (-€50,000) and Trade debts (-€12,242)
- Receivables within one year -€14,563
no longer reported in 2025 (was €14,563)
of which Trade receivables: -€11,810
- Debts after one year -€50,000
down €50,000 (-90.9%), from €55,000 to €5,000
- Trade debts -€12,242
no longer reported in 2025 (was €12,242)
- Other debts -€8,642
down €8,642 (-77.3%), from €11,179 to €2,537
- Profit (loss) carried forward -€4,368
down €4,368 (-29.3%), from -€14,891 to -€19,259
- Gross operating margin -€52,820
down €52,820, from €48,971 to -€3,849
- Staff costs -€31,066
no longer reported in 2025 (was €31,066)
- Other operating charges -€4,721
no longer reported in 2025 (was €4,721)
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 | €86,321 | €11,068 | -€75,253 | -87.2% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €86,321 | €11,068 | -€75,253 | -87.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €14,563 | - | -€14,563 | |
| Trade receivables | 40 | €11,810 | - | -€11,810 | |
| Other amounts receivable | 41 | €2,753 | - | -€2,753 | |
| Cash at bank and in hand | 54/58 | €71,758 | €11,068 | -€60,690 | -84.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €86,321 | €11,068 | -€75,253 | -87.2% |
| Equity | 10/15 | €7,699 | €3,331 | -€4,368 | -56.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,990 | €3,990 | = | 0.0% |
| Distributable reserves | 133 | €3,990 | €3,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,891 | -€19,259 | -€4,368 | -29.3% |
| Amounts payable | 17/49 | €78,622 | €7,737 | -€70,885 | -90.2% |
| Amounts payable after more than one year | 17 | €55,000 | €5,000 | -€50,000 | -90.9% |
| Other amounts payable | 178/9 | €55,000 | €5,000 | -€50,000 | -90.9% |
| Amounts payable within one year | 42/48 | €23,622 | €2,737 | -€20,885 | -88.4% |
| Trade debts | 44 | €12,242 | - | -€12,242 | |
| Suppliers | 440/4 | €12,242 | - | -€12,242 | |
| Taxes, remuneration and social security | 45 | €200 | €200 | -€0 | -0.1% |
| Taxes | 450/3 | €200 | €200 | -€0 | -0.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,179 | €2,537 | -€8,642 | -77.3% |
| Remuneration, social security and pensions | 62 | €31,066 | - | -€31,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €4,721 | - | -€4,721 | |
| Gross operating margin | 9900 | €48,971 | -€3,849 | -€52,820 | |
| Operating profit (loss) | 9901 | €13,184 | -€3,849 | -€17,033 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €386 | €519 | +€133 | +34.4% |
| Recurring financial charges | 65 | €386 | €519 | +€133 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €12,798 | -€4,368 | -€17,166 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €12,798 | -€4,368 | -€17,166 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,798 | -€4,368 | -€17,166 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.