Echelles Wallemacq: 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.
Echelles Wallemacq
Largest movements
- Receivables within one year -€19,840
down €19,840 (-17.9%), from €110,784 to €90,944
of which Other amounts receivable: -€29,528
- Cash -€12,807
down €12,807 (-59.8%), from €21,407 to €8,600
mainly Trade debts (-€17,686) and Tax, wage and social debts (-€11,411)
- Stocks and contracts -€3,000
down €3,000 (-3.7%), from €81,526 to €78,526
- Trade debts -€17,686
down €17,686 (-33.7%), from €52,423 to €34,738
- Tax, wage and social debts -€11,411
down €11,411 (-86.6%), from €13,180 to €1,769
- Debts after one year -€9,479
down €9,479 (-17.5%), from €54,300 to €44,821
- Gross operating margin -€1,305
down €1,305 (-7.9%), from €16,467 to €15,162
- Financial charges -€737
down €737 (-12.8%), from €5,758 to €5,021
- Other operating charges -€710
down €710 (-16.6%), from €4,275 to €3,565
- Taxes -€501
down €501 (-59.3%), from €845 to €344
- Depreciation +€449
up €449 (+8.1%), from €5,525 to €5,975
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 | €268,349 | €233,323 | -€35,026 | -13.1% |
| Fixed assets | 21/28 | €53,590 | €53,527 | -€63 | -0.1% |
| Tangible fixed assets | 22/27 | €53,590 | €53,527 | -€63 | -0.1% |
| Land and buildings | 22 | €42,309 | €38,239 | -€4,070 | -9.6% |
| Furniture and vehicles | 24 | €11,281 | €15,288 | +€4,007 | +35.5% |
| Current assets | 29/58 | €214,759 | €179,796 | -€34,963 | -16.3% |
| Stocks and contracts in progress | 3 | €81,526 | €78,526 | -€3,000 | -3.7% |
| Stocks | 30/36 | €81,526 | €78,526 | -€3,000 | -3.7% |
| Amounts receivable within one year | 40/41 | €110,784 | €90,944 | -€19,840 | -17.9% |
| Trade receivables | 40 | €41,219 | €50,907 | +€9,688 | +23.5% |
| Other amounts receivable | 41 | €69,565 | €40,036 | -€29,528 | -42.4% |
| Cash at bank and in hand | 54/58 | €21,407 | €8,600 | -€12,807 | -59.8% |
| Deferred charges and accrued income | 490/1 | €1,043 | €1,727 | +€684 | +65.5% |
| Total equity and liabilities | 10/49 | €268,349 | €233,323 | -€35,026 | -13.1% |
| Equity | 10/15 | €138,237 | €138,496 | +€259 | +0.2% |
| Contributions | 10/11 | €28,508 | €28,508 | = | 0.0% |
| Reserves | 13 | €47,242 | €47,242 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €47,242 | €47,242 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,487 | €62,746 | +€259 | +0.4% |
| Amounts payable | 17/49 | €130,112 | €94,827 | -€35,285 | -27.1% |
| Amounts payable after more than one year | 17 | €54,300 | €44,821 | -€9,479 | -17.5% |
| Financial debts | 170/4 | €54,300 | €44,821 | -€9,479 | -17.5% |
| Amounts payable within one year | 42/48 | €75,811 | €50,006 | -€25,805 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €9,106 | €9,479 | +€373 | +4.1% |
| Financial debts | 43 | - | €2,233 | +€2,233 | |
| Credit institutions | 430/8 | - | €2,233 | +€2,233 | |
| Trade debts | 44 | €52,423 | €34,738 | -€17,686 | -33.7% |
| Suppliers | 440/4 | €52,423 | €34,738 | -€17,686 | -33.7% |
| Taxes, remuneration and social security | 45 | €13,180 | €1,769 | -€11,411 | -86.6% |
| Taxes | 450/3 | €13,180 | €1,769 | -€11,411 | -86.6% |
| Other amounts payable | 47/48 | €1,103 | €1,788 | +€685 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,525 | €5,975 | +€449 | +8.1% |
| Other operating charges | 640/8 | €4,275 | €3,565 | -€710 | -16.6% |
| Gross operating margin | 9900 | €16,467 | €15,162 | -€1,305 | -7.9% |
| Operating profit (loss) | 9901 | €6,667 | €5,623 | -€1,044 | -15.7% |
| Financial income | 75/76B | €1 | €1 | -€0 | -33.0% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -33.0% |
| Financial charges | 65/66B | €5,758 | €5,021 | -€737 | -12.8% |
| Recurring financial charges | 65 | €5,758 | €5,021 | -€737 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €910 | €603 | -€307 | -33.8% |
| Income taxes | 67/77 | €845 | €344 | -€501 | -59.3% |
| Profit (loss) for the period | 9904 | €65 | €259 | +€194 | +300% |
| Profit (loss) for the period to be appropriated | 9905 | €65 | €259 | +€194 | +300% |
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.