MAISON WALESA: 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.
MAISON WALESA
Largest movements
- Receivables within one year +€13,154
up €13,154 (+70.3%), from €18,720 to €31,874
of which Trade receivables: +€10,845
- Cash +€12,970
up €12,970 (+41.8%), from €31,024 to €43,994
mainly Trade debts (+€31,041) and Net result for the year (+€19,697)
- Stocks and contracts +€4,275
up €4,275 (+6.7%), from €63,994 to €68,269
- Tangible fixed assets -€3,079
down €3,079 (-22.7%), from €13,564 to €10,485
- Trade debts +€31,041
up €31,041 (+262%), from €11,849 to €42,890
- Other debts -€20,351
down €20,351 (-90.7%), from €22,439 to €2,088
- Profit (loss) carried forward +€19,697
up €19,697 (+28.7%), from €68,658 to €88,355
- Short-term financial debts -€8,623
down €8,623 (-71.9%), from €12,000 to €3,377
- Tax, wage and social debts +€4,564
up €4,564 (+348%), from €1,310 to €5,874
- Gross operating margin -€26,889
down €26,889 (-42.3%), from €63,537 to €36,649
- Taxes -€1,855
down €1,855 (-19.4%), from €9,569 to €7,714
- Other operating charges -€1,188
down €1,188 (-28.3%), from €4,203 to €3,016
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 | €131,256 | €157,584 | +€26,328 | +20.1% |
| Fixed assets | 21/28 | €14,062 | €10,583 | -€3,479 | -24.7% |
| Intangible fixed assets | 21 | €498 | €98 | -€400 | -80.3% |
| Tangible fixed assets | 22/27 | €13,564 | €10,485 | -€3,079 | -22.7% |
| Plant, machinery and equipment | 23 | €7,346 | €6,314 | -€1,033 | -14.1% |
| Furniture and vehicles | 24 | €1,271 | €0 | -€1,271 | -100% |
| Other tangible fixed assets | 26 | €4,947 | €4,171 | -€776 | -15.7% |
| Current assets | 29/58 | €117,194 | €147,001 | +€29,807 | +25.4% |
| Stocks and contracts in progress | 3 | €63,994 | €68,269 | +€4,275 | +6.7% |
| Stocks | 30/36 | €63,994 | €68,269 | +€4,275 | +6.7% |
| Amounts receivable within one year | 40/41 | €18,720 | €31,874 | +€13,154 | +70.3% |
| Trade receivables | 40 | €14,251 | €25,096 | +€10,845 | +76.1% |
| Other amounts receivable | 41 | €4,469 | €6,778 | +€2,309 | +51.7% |
| Cash at bank and in hand | 54/58 | €31,024 | €43,994 | +€12,970 | +41.8% |
| Deferred charges and accrued income | 490/1 | €3,455 | €2,863 | -€592 | -17.1% |
| Total equity and liabilities | 10/49 | €131,256 | €157,584 | +€26,328 | +20.1% |
| Equity | 10/15 | €83,658 | €103,355 | +€19,697 | +23.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,658 | €88,355 | +€19,697 | +28.7% |
| Amounts payable | 17/49 | €47,598 | €54,229 | +€6,631 | +13.9% |
| Amounts payable within one year | 42/48 | €47,598 | €54,229 | +€6,631 | +13.9% |
| Financial debts | 43 | €12,000 | €3,377 | -€8,623 | -71.9% |
| Credit institutions | 430/8 | €12,000 | €3,377 | -€8,623 | -71.9% |
| Trade debts | 44 | €11,849 | €42,890 | +€31,041 | +262% |
| Suppliers | 440/4 | €11,849 | €42,890 | +€31,041 | +262% |
| Taxes, remuneration and social security | 45 | €1,310 | €5,874 | +€4,564 | +348% |
| Taxes | 450/3 | €1,310 | €5,874 | +€4,564 | +348% |
| Other amounts payable | 47/48 | €22,439 | €2,088 | -€20,351 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,647 | €5,042 | -€605 | -10.7% |
| Other operating charges | 640/8 | €4,203 | €3,016 | -€1,188 | -28.3% |
| Gross operating margin | 9900 | €63,537 | €36,649 | -€26,889 | -42.3% |
| Operating profit (loss) | 9901 | €53,687 | €28,591 | -€25,096 | -46.7% |
| Financial income | 75/76B | €9 | €1 | -€8 | -89.2% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -89.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €727 | €1,182 | +€454 | +62.4% |
| Recurring financial charges | 65 | €727 | €1,182 | +€454 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | €52,969 | €27,411 | -€25,558 | -48.3% |
| Income taxes | 67/77 | €9,569 | €7,714 | -€1,855 | -19.4% |
| Profit (loss) for the period | 9904 | €43,400 | €19,697 | -€23,703 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,400 | €19,697 | -€23,703 | -54.6% |
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 22 October 2026 via checked.be.