De Walk: 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.
De Walk
Largest movements
- Cash -€63,398
down €63,398 (-98.5%), from €64,382 to €984
mainly Contributions, distributions and other (-€112,559) and Tax, wage and social debts (-€20,844)
- Receivables within one year -€5,037
down €5,037 (-12.1%), from €41,467 to €36,430
of which Other amounts receivable: -€5,037
- Tangible fixed assets -€4,605
down €4,605 (-23.2%), from €19,814 to €15,209
of which Furniture and vehicles: -€4,332
- Reserves -€75,330
down €75,330 (-81.4%), from €92,559 to €17,229
- Other debts +€22,000
new in 2025: €22,000
- Tax, wage and social debts -€20,844
down €20,844 (-71.3%), from €29,249 to €8,405
of which Taxes: -€20,844
- Trade debts +€1,381
up €1,381, from €0 to €1,381
- Gross operating margin -€68,968
down €68,968 (-58.7%), from €117,527 to €48,560
- Taxes -€22,929
down €22,929 (-79.2%), from €28,950 to €6,021
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 | €126,808 | €54,015 | -€72,793 | -57.4% |
| Fixed assets | 21/28 | €19,814 | €15,209 | -€4,605 | -23.2% |
| Tangible fixed assets | 22/27 | €19,814 | €15,209 | -€4,605 | -23.2% |
| Plant, machinery and equipment | 23 | €2,396 | €2,123 | -€273 | -11.4% |
| Furniture and vehicles | 24 | €16,017 | €11,685 | -€4,332 | -27.0% |
| Other tangible fixed assets | 26 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €106,994 | €38,806 | -€68,188 | -63.7% |
| Amounts receivable within one year | 40/41 | €41,467 | €36,430 | -€5,037 | -12.1% |
| Trade receivables | 40 | €15,125 | €15,125 | = | 0.0% |
| Other amounts receivable | 41 | €26,342 | €21,305 | -€5,037 | -19.1% |
| Cash at bank and in hand | 54/58 | €64,382 | €984 | -€63,398 | -98.5% |
| Deferred charges and accrued income | 490/1 | €1,145 | €1,391 | +€246 | +21.5% |
| Total equity and liabilities | 10/49 | €126,808 | €54,015 | -€72,793 | -57.4% |
| Equity | 10/15 | €97,559 | €22,229 | -€75,330 | -77.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,559 | €17,229 | -€75,330 | -81.4% |
| Distributable reserves | 133 | €92,559 | €17,229 | -€75,330 | -81.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,249 | €31,786 | +€2,537 | +8.7% |
| Amounts payable within one year | 42/48 | €29,249 | €31,786 | +€2,537 | +8.7% |
| Trade debts | 44 | €0 | €1,381 | +€1,381 | |
| Suppliers | 440/4 | €0 | €1,381 | +€1,381 | |
| Taxes, remuneration and social security | 45 | €29,249 | €8,405 | -€20,844 | -71.3% |
| Taxes | 450/3 | €29,249 | €8,405 | -€20,844 | -71.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €22,000 | +€22,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,089 | €4,605 | +€516 | +12.6% |
| Other operating charges | 640/8 | €841 | €632 | -€210 | -24.9% |
| Gross operating margin | 9900 | €117,527 | €48,560 | -€68,968 | -58.7% |
| Operating profit (loss) | 9901 | €112,597 | €43,323 | -€69,274 | -61.5% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €0 | €73 | +€73 | |
| Recurring financial charges | 65 | €0 | €73 | +€73 | |
| Profit (loss) for the period before taxes | 9903 | €112,597 | €43,250 | -€69,348 | -61.6% |
| Income taxes | 67/77 | €28,950 | €6,021 | -€22,929 | -79.2% |
| Profit (loss) for the period | 9904 | €83,647 | €37,229 | -€46,419 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €83,647 | €37,229 | -€46,419 | -55.5% |
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 2 October 2026 via checked.be.