WILLY VAN CRAEN: 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 VAN CRAEN
Largest movements
- Cash +€26,643
new in 2025: €26,643
mainly Depreciation (+€73,067) and Net result for the year (+€39,049)
- Tangible fixed assets -€16,777
down €16,777 (-3.0%), from €557,562 to €540,785
of which Furniture and vehicles: -€16,577
- Receivables within one year -€12,575
down €12,575 (-21.0%), from €59,906 to €47,331
of which Trade receivables: -€21,322
- Reserves +€39,049
up €39,049 (+18.1%), from €215,663 to €254,712
of which Distributable reserves: +€39,049
- Other debts +€29,340
up €29,340 (+523%), from €5,608 to €34,948
- Trade debts -€19,734
down €19,734 (-45.8%), from €43,079 to €23,345
- Advances received -€18,453
no longer reported in 2025 (was €18,453)
- Short-term financial debts -€16,664
no longer reported in 2025 (was €16,664)
- Gross operating margin -€224,142
down €224,142 (-61.8%), from €362,481 to €138,339
- Taxes -€66,551
down €66,551 (-76.1%), from €87,418 to €20,868
- Other operating charges -€36,318
down €36,318 (-92.6%), from €39,240 to €2,921
- Depreciation +€31,170
up €31,170 (+74.4%), from €41,897 to €73,067
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €627,568 | €629,763 | +€2,195 | +0.3% |
| Fixed assets | 21/28 | €557,662 | €540,885 | -€16,777 | -3.0% |
| Tangible fixed assets | 22/27 | €557,562 | €540,785 | -€16,777 | -3.0% |
| Land and buildings | 22 | €317,484 | €310,986 | -€6,497 | -2.0% |
| Plant, machinery and equipment | 23 | €6,713 | €13,011 | +€6,297 | +93.8% |
| Furniture and vehicles | 24 | €233,365 | €216,788 | -€16,577 | -7.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €69,906 | €88,879 | +€18,972 | +27.1% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,906 | €47,331 | -€12,575 | -21.0% |
| Trade receivables | 40 | €56,047 | €34,725 | -€21,322 | -38.0% |
| Other amounts receivable | 41 | €3,859 | €12,606 | +€8,747 | +227% |
| Cash at bank and in hand | 54/58 | - | €26,643 | +€26,643 | |
| Deferred charges and accrued income | 490/1 | - | €4,905 | +€4,905 | |
| Total equity and liabilities | 10/49 | €627,568 | €629,763 | +€2,195 | +0.3% |
| Equity | 10/15 | €490,542 | €529,591 | +€39,049 | +8.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €215,663 | €254,712 | +€39,049 | +18.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €209,465 | €248,515 | +€39,049 | +18.6% |
| Profit (loss) carried forward | 14 | €212,906 | €212,906 | = | 0.0% |
| Amounts payable | 17/49 | €137,026 | €100,172 | -€36,854 | -26.9% |
| Amounts payable after more than one year | 17 | €6,865 | - | -€6,865 | |
| Financial debts | 170/4 | €6,865 | - | -€6,865 | |
| Amounts payable within one year | 42/48 | €130,161 | €100,172 | -€29,989 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €10,182 | €18,593 | +€8,412 | +82.6% |
| Financial debts | 43 | €16,664 | - | -€16,664 | |
| Credit institutions | 430/8 | €16,664 | - | -€16,664 | |
| Trade debts | 44 | €43,079 | €23,345 | -€19,734 | -45.8% |
| Suppliers | 440/4 | €43,079 | €23,345 | -€19,734 | -45.8% |
| Advances received on contracts in progress | 46 | €18,453 | - | -€18,453 | |
| Taxes, remuneration and social security | 45 | €36,175 | €23,286 | -€12,889 | -35.6% |
| Taxes | 450/3 | €36,175 | €23,286 | -€12,889 | -35.6% |
| Other amounts payable | 47/48 | €5,608 | €34,948 | +€29,340 | +523% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,897 | €73,067 | +€31,170 | +74.4% |
| Other operating charges | 640/8 | €39,240 | €2,921 | -€36,318 | -92.6% |
| Gross operating margin | 9900 | €362,481 | €138,339 | -€224,142 | -61.8% |
| Operating profit (loss) | 9901 | €281,345 | €62,351 | -€218,994 | -77.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.9% |
| Financial charges | 65/66B | €2,309 | €2,434 | +€125 | +5.4% |
| Recurring financial charges | 65 | €2,309 | €2,434 | +€125 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €279,036 | €59,917 | -€219,119 | -78.5% |
| Income taxes | 67/77 | €87,418 | €20,868 | -€66,551 | -76.1% |
| Profit (loss) for the period | 9904 | €191,618 | €39,049 | -€152,569 | -79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €191,618 | €39,049 | -€152,569 | -79.6% |
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 16 October 2026 via checked.be.