DE 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.
DE WALKER
Largest movements
- Financial fixed assets -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Tangible fixed assets -€28,251
down €28,251 (-7.3%), from €386,139 to €357,887
of which Land and buildings: -€25,983
- Receivables within one year +€15,592
up €15,592 (+640.0%), from €2,436 to €18,028
of which Other amounts receivable: +€16,028
- Other debts -€107,234
down €107,234 (-89.6%), from €119,635 to €12,401
- Gross operating margin +€6,970
up €6,970 (+25.5%), from €27,283 to €34,253
- Taxes -€2,500
new in 2025: -€2,500
- Depreciation +€992
up €992 (+3.6%), from €27,259 to €28,251
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 | €501,640 | €393,286 | -€108,355 | -21.6% |
| Fixed assets | 21/28 | €486,139 | €357,887 | -€128,251 | -26.4% |
| Tangible fixed assets | 22/27 | €386,139 | €357,887 | -€28,251 | -7.3% |
| Land and buildings | 22 | €377,885 | €351,902 | -€25,983 | -6.9% |
| Plant, machinery and equipment | 23 | €6,273 | €4,665 | -€1,608 | -25.6% |
| Furniture and vehicles | 24 | €1,980 | €1,320 | -€660 | -33.3% |
| Financial fixed assets | 28 | €100,000 | €0 | -€100,000 | -100.0% |
| Current assets | 29/58 | €15,502 | €35,398 | +€19,897 | +128.4% |
| Amounts receivable within one year | 40/41 | €2,436 | €18,028 | +€15,592 | +640.0% |
| Trade receivables | 40 | €436 | €0 | -€436 | -100.0% |
| Other amounts receivable | 41 | €2,000 | €18,028 | +€16,028 | +801.4% |
| Cash at bank and in hand | 54/58 | €12,101 | €16,059 | +€3,958 | +32.7% |
| Deferred charges and accrued income | 490/1 | €964 | €1,312 | +€347 | +36.0% |
| Total equity and liabilities | 10/49 | €501,640 | €393,286 | -€108,355 | -21.6% |
| Equity | 10/15 | €371,168 | €370,060 | -€1,108 | -0.3% |
| Contributions | 10/11 | €362,000 | €362,000 | = | 0.0% |
| Reserves | 13 | €9,168 | €8,060 | -€1,108 | -12.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €9,168 | €8,060 | -€1,108 | -12.1% |
| Amounts payable | 17/49 | €130,473 | €23,226 | -€107,247 | -82.2% |
| Amounts payable within one year | 42/48 | €130,473 | €21,547 | -€108,925 | -83.5% |
| Trade debts | 44 | €10,838 | €9,007 | -€1,831 | -16.9% |
| Suppliers | 440/4 | €10,838 | €9,007 | -€1,831 | -16.9% |
| Advances received on contracts in progress | 46 | - | €140 | +€140 | |
| Other amounts payable | 47/48 | €119,635 | €12,401 | -€107,234 | -89.6% |
| Accrued charges and deferred income | 492/3 | - | €1,678 | +€1,678 | |
| Non-recurring operating income | 76A | €0 | €57 | +€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,259 | €28,251 | +€992 | +3.6% |
| Other operating charges | 640/8 | €6,918 | €7,242 | +€324 | +4.7% |
| Gross operating margin | 9900 | €27,283 | €34,253 | +€6,970 | +25.5% |
| Operating profit (loss) | 9901 | -€6,894 | -€1,240 | +€5,654 | +82.0% |
| Financial income | 75/76B | €0 | €154 | +€154 | +1537500.0% |
| Recurring financial income | 75 | €0 | €154 | +€154 | +1537500.0% |
| Financial charges | 65/66B | €2,418 | €2,521 | +€103 | +4.2% |
| Recurring financial charges | 65 | €2,418 | €2,521 | +€103 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,313 | -€3,608 | +€5,705 | +61.3% |
| Income taxes | 67/77 | - | -€2,500 | -€2,500 | |
| Profit (loss) for the period | 9904 | -€9,313 | -€1,108 | +€8,205 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,313 | -€1,108 | +€8,205 | +88.1% |
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 30 September 2026 via checked.be.