DANIEL WALLAYS: 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.
DANIEL WALLAYS
Largest movements
- Cash -€6,786
down €6,786 (-56.9%), from €11,933 to €5,147
mainly Net result for the year (-€5,797) and Investment in fixed assets (net) (-€1,552)
- Reserves -€5,797
down €5,797 (-5.5%), from €105,230 to €99,433
of which Distributable reserves: -€5,797
- Gross operating margin -€9,250
down €9,250, from €6,809 to -€2,442
- Other operating charges -€5,815
down €5,815 (-65.8%), from €8,842 to €3,027
- Depreciation +€312
new in 2025: €312
- Financial charges -€180
down €180 (-80.0%), from €225 to €45
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 | €170,968 | €165,963 | -€5,005 | -2.9% |
| Fixed assets | 21/28 | €56,034 | €57,274 | +€1,240 | +2.2% |
| Tangible fixed assets | 22/27 | €56,034 | €57,274 | +€1,240 | +2.2% |
| Land and buildings | 22 | €56,034 | €56,034 | = | 0.0% |
| Furniture and vehicles | 24 | - | €1,240 | +€1,240 | |
| Current assets | 29/58 | €114,934 | €108,689 | -€6,245 | -5.4% |
| Amounts receivable within one year | 40/41 | €26 | €529 | +€503 | +1969.9% |
| Trade receivables | 40 | - | €520 | +€520 | |
| Other amounts receivable | 41 | €26 | €9 | -€17 | -65.9% |
| Current investments | 50/53 | €102,175 | €102,175 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,933 | €5,147 | -€6,786 | -56.9% |
| Deferred charges and accrued income | 490/1 | €801 | €839 | +€38 | +4.8% |
| Total equity and liabilities | 10/49 | €170,968 | €165,963 | -€5,005 | -2.9% |
| Equity | 10/15 | €168,443 | €162,646 | -€5,797 | -3.4% |
| Contributions | 10/11 | €63,213 | €63,213 | = | 0.0% |
| Capital | 10 | €63,213 | €63,213 | = | 0.0% |
| Issued capital | 100 | €63,213 | €63,213 | = | 0.0% |
| Reserves | 13 | €105,230 | €99,433 | -€5,797 | -5.5% |
| Non-distributable reserves | 130/1 | €6,321 | €6,321 | = | 0.0% |
| Legal reserve | 130 | €6,321 | €6,321 | = | 0.0% |
| Distributable reserves | 133 | €98,909 | €93,112 | -€5,797 | -5.9% |
| Amounts payable | 17/49 | €2,525 | €3,316 | +€792 | +31.4% |
| Amounts payable within one year | 42/48 | €2,525 | €3,316 | +€792 | +31.4% |
| Trade debts | 44 | €276 | €1,068 | +€792 | +287.0% |
| Suppliers | 440/4 | €276 | €1,068 | +€792 | +287.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,249 | €2,249 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €312 | +€312 | |
| Other operating charges | 640/8 | €8,842 | €3,027 | -€5,815 | -65.8% |
| Gross operating margin | 9900 | €6,809 | -€2,442 | -€9,250 | |
| Operating profit (loss) | 9901 | -€2,033 | -€5,781 | -€3,748 | -184.3% |
| Financial income | 75/76B | €85 | €29 | -€56 | -66.0% |
| Recurring financial income | 75 | €85 | €29 | -€56 | -66.0% |
| Financial charges | 65/66B | €225 | €45 | -€180 | -80.0% |
| Recurring financial charges | 65 | €225 | €45 | -€180 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,173 | -€5,797 | -€3,624 | -166.8% |
| Profit (loss) for the period | 9904 | -€2,173 | -€5,797 | -€3,624 | -166.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,173 | -€5,797 | -€3,624 | -166.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.