WILLY SIMENS: 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 SIMENS
Largest movements
- Cash +€28,821
up €28,821 (+63.2%), from €45,623 to €74,444
mainly Net result for the year (+€25,420) and Other debts (+€14,571)
- Receivables within one year -€5,571
down €5,571 (-42.7%), from €13,035 to €7,464
of which Trade receivables: -€3,271
- Tangible fixed assets -€4,955
down €4,955 (-52.6%), from €9,421 to €4,466
of which Furniture and vehicles: -€4,955
- Other debts +€14,571
up €14,571 (+608.2%), from €2,396 to €16,966
- Reserves +€9,304
up €9,304 (+20.6%), from €45,111 to €54,414
- Tax, wage and social debts -€3,082
down €3,082 (-32.9%), from €9,369 to €6,287
of which Taxes: -€3,101
- Trade debts -€2,837
down €2,837 (-68.9%), from €4,116 to €1,279
- Staff costs -€26,327
down €26,327 (-93.4%), from €28,185 to €1,858
- Taxes +€7,404
up €7,404 (+169.0%), from €4,382 to €11,786
- Gross operating margin -€601
down €601 (-1.3%), from €45,956 to €45,356
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 | €69,391 | €87,347 | +€17,956 | +25.9% |
| Fixed assets | 21/28 | €9,586 | €4,631 | -€4,955 | -51.7% |
| Tangible fixed assets | 22/27 | €9,421 | €4,466 | -€4,955 | -52.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €9,421 | €4,466 | -€4,955 | -52.6% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €59,805 | €82,716 | +€22,911 | +38.3% |
| Amounts receivable after more than one year | 29 | €220 | - | -€220 | |
| Other amounts receivable | 291 | €220 | - | -€220 | |
| Amounts receivable within one year | 40/41 | €13,035 | €7,464 | -€5,571 | -42.7% |
| Trade receivables | 40 | €10,515 | €7,244 | -€3,271 | -31.1% |
| Other amounts receivable | 41 | €2,520 | €220 | -€2,300 | -91.3% |
| Cash at bank and in hand | 54/58 | €45,623 | €74,444 | +€28,821 | +63.2% |
| Deferred charges and accrued income | 490/1 | €928 | €808 | -€119 | -12.9% |
| Total equity and liabilities | 10/49 | €69,391 | €87,347 | +€17,956 | +25.9% |
| Equity | 10/15 | €53,511 | €62,814 | +€9,304 | +17.4% |
| Contributions | 10/11 | €8,400 | €8,400 | = | 0.0% |
| Reserves | 13 | €45,111 | €54,414 | +€9,304 | +20.6% |
| Distributable reserves | 133 | €45,111 | €54,414 | +€9,304 | +20.6% |
| Amounts payable | 17/49 | €15,881 | €24,533 | +€8,652 | +54.5% |
| Amounts payable within one year | 42/48 | €15,881 | €24,533 | +€8,652 | +54.5% |
| Trade debts | 44 | €4,116 | €1,279 | -€2,837 | -68.9% |
| Suppliers | 440/4 | €4,116 | €1,279 | -€2,837 | -68.9% |
| Taxes, remuneration and social security | 45 | €9,369 | €6,287 | -€3,082 | -32.9% |
| Taxes | 450/3 | €7,378 | €4,276 | -€3,101 | -42.0% |
| Remuneration and social security | 454/9 | €1,991 | €2,011 | +€20 | +1.0% |
| Other amounts payable | 47/48 | €2,396 | €16,966 | +€14,571 | +608.2% |
| Remuneration, social security and pensions | 62 | €28,185 | €1,858 | -€26,327 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,955 | €4,955 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,351 | €1,356 | +€6 | +0.4% |
| Gross operating margin | 9900 | €45,956 | €45,356 | -€601 | -1.3% |
| Operating profit (loss) | 9901 | €11,466 | €37,187 | +€25,721 | +224.3% |
| Financial income | 75/76B | €349 | €139 | -€209 | -60.0% |
| Recurring financial income | 75 | €349 | €139 | -€209 | -60.0% |
| Financial charges | 65/66B | €109 | €120 | +€10 | +9.4% |
| Recurring financial charges | 65 | €109 | €120 | +€10 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €11,705 | €37,207 | +€25,501 | +217.9% |
| Income taxes | 67/77 | €4,382 | €11,786 | +€7,404 | +169.0% |
| Profit (loss) for the period | 9904 | €7,323 | €25,420 | +€18,097 | +247.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,323 | €25,420 | +€18,097 | +247.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.