Aled Walker: what changed
Two fiscal 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.
Aled Walker
Largest movements
- Cash +€109,505
up €109,505 (+73.1%), from €149,733 to €259,238
mainly Net result for the year (+€104,707) and Tax, wage and social debts (+€20,454)
- Receivables within one year -€3,947
no longer reported in 2025 (was €3,947)
- Reserves +€84,000
up €84,000 (+84.8%), from €99,000 to €183,000
- Tax, wage and social debts +€20,454
up €20,454 (+54.1%), from €37,804 to €58,258
of which Taxes: +€15,454
- Gross operating margin +€59,348
up €59,348 (+74.0%), from €80,211 to €139,559
- Taxes +€14,718
up €14,718 (+94.4%), from €15,595 to €30,313
- Other operating charges -€2,551
down €2,551 (-44.3%), from €5,753 to €3,202
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 | €155,000 | €261,521 | +€106,521 | +68.7% |
| Current assets | 29/58 | €155,000 | €261,521 | +€106,521 | +68.7% |
| Amounts receivable within one year | 40/41 | €3,947 | - | -€3,947 | |
| Trade receivables | 40 | €3,947 | - | -€3,947 | |
| Cash at bank and in hand | 54/58 | €149,733 | €259,238 | +€109,505 | +73.1% |
| Deferred charges and accrued income | 490/1 | €1,321 | €2,283 | +€962 | +72.9% |
| Total equity and liabilities | 10/49 | €155,000 | €261,521 | +€106,521 | +68.7% |
| Equity | 10/15 | €114,081 | €198,787 | +€84,707 | +74.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €99,000 | €183,000 | +€84,000 | +84.8% |
| Distributable reserves | 133 | €99,000 | €183,000 | +€84,000 | +84.8% |
| Profit (loss) carried forward | 14 | €81 | €787 | +€707 | +875.4% |
| Amounts payable | 17/49 | €40,919 | €62,734 | +€21,814 | +53.3% |
| Amounts payable within one year | 42/48 | €40,919 | €62,734 | +€21,814 | +53.3% |
| Financial debts | 43 | €1,466 | €2,781 | +€1,315 | +89.7% |
| Credit institutions | 430/8 | €1,466 | €2,781 | +€1,315 | +89.7% |
| Trade debts | 44 | €1,369 | €1,474 | +€105 | +7.7% |
| Suppliers | 440/4 | €1,369 | €1,474 | +€105 | +7.7% |
| Taxes, remuneration and social security | 45 | €37,804 | €58,258 | +€20,454 | +54.1% |
| Taxes | 450/3 | €37,804 | €53,258 | +€15,454 | +40.9% |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €280 | €220 | -€60 | -21.3% |
| Other operating charges | 640/8 | €5,753 | €3,202 | -€2,551 | -44.3% |
| Gross operating margin | 9900 | €80,211 | €139,559 | +€59,348 | +74.0% |
| Operating profit (loss) | 9901 | €74,459 | €136,357 | +€61,899 | +83.1% |
| Financial charges | 65/66B | €1,280 | €1,338 | +€58 | +4.6% |
| Recurring financial charges | 65 | €1,280 | €1,338 | +€58 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €73,179 | €135,019 | +€61,840 | +84.5% |
| Income taxes | 67/77 | €15,595 | €30,313 | +€14,718 | +94.4% |
| Profit (loss) for the period | 9904 | €57,584 | €104,707 | +€47,123 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,584 | €104,707 | +€47,123 | +81.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.