WILLY TANS: what changed
What changed
WILLY TANS
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€184,094
2023 · €647,223-€463,129
Equity
€35.8m
2023 · €35.6m+€184,094
Cash
€2.9m
2023 · €195,769+€2.7m
Balance sheet total
€157.5m
2023 · €127.0m+€30.5m
Largest movements
Assets
- Receivables after one year +€27.2m
up €27.2m (+2,032%), from €1.3m to €28.6m
of which Other amounts receivable: +€27.0m
- Current investments +€9.0m
new in 2024: €9.0m
- Financial fixed assets -€4.1m
down €4.1m (-7.6%), from €53.9m to €49.8m
of which Affiliated companies: -€4.1m
- Tangible fixed assets -€3.6m
down €3.6m (-7.7%), from €46.4m to €42.9m
of which Land and buildings: -€3.3m
- Cash +€2.7m
up €2.7m (+1,402%), from €195,769 to €2.9m
mainly Debts after one year (+€41.2m) and Investment in fixed assets (net) (+€5.2m)
Equity and liabilities
- Debts after one year +€41.2m
up €41.2m (+77.9%), from €52.8m to €94.0m
of which Financial debts: +€41.1m
- Current portion of long-term debt -€5.1m
down €5.1m (-50.6%), from €10.2m to €5.0m
- Other debts -€3.9m
down €3.9m (-17.8%), from €21.9m to €18.0m
Income statement
- Financial income +€4.1m
up €4.1m (+300%), from €1.4m to €5.5m
of which Non-recurring financial income: +€2.9m
- Financial charges +€4.1m
up €4.1m (+157%), from €2.6m to €6.7m
of which Non-recurring financial charges: +€2.2m
- Write-downs +€1.3m
up €1.3m, from -€4,218 to €1.3m
- Goods and materials -€1.2m
down €1.2m (-86.7%), from €1.4m to €181,065
of which Purchases: -€2.3m
- Services and other goods +€887,075
up €887,075 (+46.2%), from €1.9m to €2.8m
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€647,223
Turnover
-€8,783
Other operating income
+€5,484
Goods and materials
+€1.2m
Services and other goods
-€887,075
Staff costs
-€98,592
Depreciation
+€49,918
Write-downs
-€1.3m
Other operating charges
-€26,557
Other operating items
+€880,930
Financial income
+€4.1m
Financial charges
-€4.1m
Taxes
-€155,206
Deferred taxes and other
-€92,999
Result 2024
€184,094
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€28.9m
Investment
-€3.8m
Financing
+€35.5m
Cash 2023
€195,769
From operations (derived)
-€28.9m
Net result for the year
+€184,094
Depreciation
+€2.5m
Receivables after one year
-€27.2m
Stocks and contracts
+€145,679
Receivables within one year
+€745,969
Smaller working-capital items
-€90,936
Trade debts
-€1.3m
Other debts
-€3.9m
Investment (derived)
-€3.8m
Investment in fixed assets (net)
+€5.2m
Current investments
-€9.0m
Financing
+€35.5m
Debts after one year
+€41.2m
Current portion of long-term debt
-€5.1m
Short-term financial debts
-€500,000
Cash 2024
€2.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,021,928 | €157,496,674 | +€30.5m | +24.0% |
| Fixed assets | 21/28 | €100,334,230 | €92,650,663 | -€7.7m | -7.7% |
| Tangible fixed assets | 22/27 | €46,444,610 | €42,876,825 | -€3.6m | -7.7% |
| Land and buildings | 22 | €37,779,364 | €34,436,575 | -€3.3m | -8.8% |
| Furniture and vehicles | 24 | €41,625 | €75,061 | +€33,436 | +80.3% |
| Other tangible fixed assets | 26 | €8,591,946 | €8,173,974 | -€417,972 | -4.9% |
| Assets under construction and advance payments | 27 | €31,675 | €191,215 | +€159,540 | +504% |
| Financial fixed assets | 28 | €53,889,619 | €49,773,838 | -€4.1m | -7.6% |
| Affiliated companies | 280/1 | €53,858,844 | €49,754,943 | -€4.1m | -7.6% |
| Participating interests | 280 | €53,858,844 | €49,754,943 | -€4.1m | -7.6% |
| Other financial fixed assets | 284/8 | €30,775 | €18,895 | -€11,880 | -38.6% |
| Amounts receivable and cash guarantees | 285/8 | €30,775 | €18,895 | -€11,880 | -38.6% |
| Current assets | 29/58 | €26,687,698 | €64,846,011 | +€38.2m | +143% |
| Amounts receivable after more than one year | 29 | €1,339,299 | €28,553,729 | +€27.2m | +2,032% |
| Trade receivables | 290 | €504,584 | €679,584 | +€175,000 | +34.7% |
| Other amounts receivable | 291 | €834,715 | €27,874,145 | +€27.0m | +3,239% |
| Stocks and contracts in progress | 3 | €8,143,632 | €7,997,953 | -€145,679 | -1.8% |
| Stocks | 30/36 | €8,143,632 | €7,997,953 | -€145,679 | -1.8% |
| Property held for sale | 35 | €8,143,632 | €7,986,073 | -€157,559 | -1.9% |
| Advance payments | 36 | - | €11,880 | +€11,880 | |
| Amounts receivable within one year | 40/41 | €16,885,430 | €16,139,462 | -€745,969 | -4.4% |
| Trade receivables | 40 | €1,098,655 | €1,489,431 | +€390,775 | +35.6% |
| Other amounts receivable | 41 | €15,786,775 | €14,650,031 | -€1.1m | -7.2% |
| Current investments | 50/53 | - | €9,000,000 | +€9.0m | |
| Other investments | 51/53 | - | €9,000,000 | +€9.0m | |
| Cash at bank and in hand | 54/58 | €195,769 | €2,940,937 | +€2.7m | +1,402% |
| Deferred charges and accrued income | 490/1 | €123,567 | €213,930 | +€90,362 | +73.1% |
| Total equity and liabilities | 10/49 | €127,021,928 | €157,496,674 | +€30.5m | +24.0% |
| Equity | 10/15 | €35,566,229 | €35,750,323 | +€184,094 | +0.5% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Capital | 10 | €620,000 | €620,000 | = | 0.0% |
| Issued capital | 100 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €8,152,538 | €7,941,417 | -€211,121 | -2.6% |
| Non-distributable reserves | 130/1 | €62,000 | €62,000 | = | 0.0% |
| Legal reserve | 130 | €62,000 | €62,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,968,538 | €7,757,417 | -€211,121 | -2.6% |
| Distributable reserves | 133 | €122,000 | €122,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,793,691 | €27,188,906 | +€395,215 | +1.5% |
| Provisions and deferred taxes | 16 | €2,656,180 | €2,585,806 | -€70,374 | -2.6% |
| Deferred taxes | 168 | €2,656,180 | €2,585,806 | -€70,374 | -2.6% |
| Amounts payable | 17/49 | €88,799,519 | €119,160,545 | +€30.4m | +34.2% |
| Amounts payable after more than one year | 17 | €52,802,766 | €93,956,165 | +€41.2m | +77.9% |
| Financial debts | 170/4 | €52,576,074 | €93,701,073 | +€41.1m | +78.2% |
| Credit institutions | 173 | €52,576,074 | €93,701,073 | +€41.1m | +78.2% |
| Other amounts payable | 178/9 | €226,692 | €255,092 | +€28,400 | +12.5% |
| Amounts payable within one year | 42/48 | €35,880,717 | €24,987,154 | -€10.9m | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €10,184,955 | €5,035,963 | -€5.1m | -50.6% |
| Financial debts | 43 | €725,000 | €225,000 | -€500,000 | -69.0% |
| Credit institutions | 430/8 | €725,000 | €225,000 | -€500,000 | -69.0% |
| Trade debts | 44 | €2,916,724 | €1,601,471 | -€1.3m | -45.1% |
| Suppliers | 440/4 | €2,916,724 | €1,601,471 | -€1.3m | -45.1% |
| Advances received on contracts in progress | 46 | €10,000 | €0 | -€10,000 | -100% |
| Taxes, remuneration and social security | 45 | €164,146 | €142,756 | -€21,390 | -13.0% |
| Taxes | 450/3 | €150,820 | €81,746 | -€69,074 | -45.8% |
| Remuneration and social security | 454/9 | €13,326 | €61,010 | +€47,684 | +358% |
| Other amounts payable | 47/48 | €21,879,892 | €17,981,965 | -€3.9m | -17.8% |
| Accrued charges and deferred income | 492/3 | €116,036 | €217,226 | +€101,190 | +87.2% |
| Operating income | 70/76A | €8,635,490 | €9,545,144 | +€909,654 | +10.5% |
| Turnover | 70 | €8,600,976 | €8,592,194 | -€8,783 | -0.1% |
| Other operating income | 74 | €9,777 | €15,262 | +€5,484 | +56.1% |
| Non-recurring operating income | 76A | €24,736 | €937,689 | +€912,953 | +3,691% |
| Operating charges | 60/66A | €6,784,268 | €7,922,449 | +€1.1m | +16.8% |
| Goods for resale, raw materials and consumables | 60 | €1,366,380 | €181,065 | -€1.2m | -86.7% |
| Purchases | 600/8 | €2,364,660 | €23,506 | -€2.3m | -99.0% |
| Change in stocks: decrease (increase) | 609 | -€998,280 | €157,559 | +€1.2m | |
| Services and other goods | 61 | €1,921,238 | €2,808,313 | +€887,075 | +46.2% |
| Remuneration, social security and pensions | 62 | €158,681 | €257,274 | +€98,592 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,561,394 | €2,511,476 | -€49,918 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,218 | €1,324,948 | +€1.3m | |
| Other operating charges | 640/8 | €779,222 | €805,779 | +€26,557 | +3.4% |
| Non-recurring operating charges | 66A | €1,571 | €33,594 | +€32,023 | +2,039% |
| Operating profit (loss) | 9901 | €1,851,221 | €1,622,695 | -€228,526 | -12.3% |
| Financial income | 75/76B | €1,362,604 | €5,456,391 | +€4.1m | +300% |
| Recurring financial income | 75 | €1,313,912 | €2,505,220 | +€1.2m | +90.7% |
| Income from financial fixed assets | 750 | €867,600 | €1,034,000 | +€166,400 | +19.2% |
| Income from current assets | 751 | €446,303 | €1,471,147 | +€1.0m | +230% |
| Other financial income | 752/9 | €8 | €73 | +€64 | +761% |
| Non-recurring financial income | 76B | €48,693 | €2,951,172 | +€2.9m | +5,961% |
| Financial charges | 65/66B | €2,596,347 | €6,676,532 | +€4.1m | +157% |
| Recurring financial charges | 65 | €2,596,347 | €4,460,130 | +€1.9m | +71.8% |
| Debt charges | 650 | €2,558,103 | €4,315,491 | +€1.8m | +68.7% |
| Other financial charges | 652/9 | €38,245 | €144,639 | +€106,394 | +278% |
| Non-recurring financial charges | 66B | - | €2,216,402 | +€2.2m | |
| Profit (loss) for the period before taxes | 9903 | €617,478 | €402,555 | -€214,923 | -34.8% |
| Transfer from deferred taxes | 780 | €163,373 | €222,397 | +€59,024 | +36.1% |
| Transfer to deferred taxes | 680 | - | €152,023 | +€152,023 | |
| Income taxes | 67/77 | €133,628 | €288,835 | +€155,206 | +116% |
| Taxes | 670/3 | €133,628 | €288,835 | +€155,206 | +116% |
| Profit (loss) for the period | 9904 | €647,223 | €184,094 | -€463,129 | -71.6% |
| Transfer from tax-exempt reserves | 789 | €490,120 | €667,191 | +€177,072 | +36.1% |
| Transfer to tax-exempt reserves | 689 | - | €456,070 | +€456,070 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,137,343 | €395,215 | -€742,127 | -65.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.