NEW WALPIERRE: 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.
NEW WALPIERRE
Largest movements
- Cash +€89,334
up €89,334 (+917.6%), from €9,736 to €99,070
mainly Trade debts (+€70,968) and Net result for the year (+€63,844)
- Receivables within one year +€30,381
up €30,381 (+118.2%), from €25,694 to €56,074
of which Trade receivables: +€21,223
- Intangible fixed assets -€15,800
down €15,800 (-25.0%), from €63,157 to €47,357
- Tangible fixed assets -€10,389
down €10,389 (-8.7%), from €119,803 to €109,414
of which Furniture and vehicles: -€10,771
- Stocks and contracts +€3,824
up €3,824 (+14.5%), from €26,343 to €30,167
- Trade debts +€70,968
up €70,968 (+414.4%), from €17,125 to €88,093
- Debts after one year -€66,621
down €66,621 (-39.0%), from €170,750 to €104,129
of which Other amounts payable: -€54,000
- Profit (loss) carried forward +€63,804
up €63,804 (+342.4%), from €18,634 to €82,438
- Other debts +€26,343
up €26,343 (+86.1%), from €30,596 to €56,939
- Gross operating margin +€57,486
up €57,486 (+69.3%), from €82,953 to €140,439
- Taxes +€15,327
up €15,327 (+229.3%), from €6,685 to €22,012
- Other operating charges -€3,965
down €3,965 (-91.0%), from €4,358 to €393
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 | €252,118 | €350,805 | +€98,687 | +39.1% |
| Fixed assets | 21/28 | €186,710 | €160,521 | -€26,189 | -14.0% |
| Intangible fixed assets | 21 | €63,157 | €47,357 | -€15,800 | -25.0% |
| Tangible fixed assets | 22/27 | €119,803 | €109,414 | -€10,389 | -8.7% |
| Plant, machinery and equipment | 23 | €89,540 | €89,922 | +€382 | +0.4% |
| Furniture and vehicles | 24 | €30,263 | €19,492 | -€10,771 | -35.6% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €65,408 | €190,284 | +€124,876 | +190.9% |
| Stocks and contracts in progress | 3 | €26,343 | €30,167 | +€3,824 | +14.5% |
| Stocks | 30/36 | €26,343 | €30,167 | +€3,824 | +14.5% |
| Amounts receivable within one year | 40/41 | €25,694 | €56,074 | +€30,381 | +118.2% |
| Trade receivables | 40 | €23,122 | €44,344 | +€21,223 | +91.8% |
| Other amounts receivable | 41 | €2,572 | €11,730 | +€9,158 | +356.1% |
| Cash at bank and in hand | 54/58 | €9,736 | €99,070 | +€89,334 | +917.6% |
| Deferred charges and accrued income | 490/1 | €3,636 | €4,972 | +€1,337 | +36.8% |
| Total equity and liabilities | 10/49 | €252,118 | €350,805 | +€98,687 | +39.1% |
| Equity | 10/15 | €21,634 | €85,478 | +€63,844 | +295.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €40 | +€40 | |
| Tax-exempt reserves | 132 | - | €40 | +€40 | |
| Profit (loss) carried forward | 14 | €18,634 | €82,438 | +€63,804 | +342.4% |
| Amounts payable | 17/49 | €230,484 | €265,327 | +€34,842 | +15.1% |
| Amounts payable after more than one year | 17 | €170,750 | €104,129 | -€66,621 | -39.0% |
| Financial debts | 170/4 | €38,626 | €26,004 | -€12,621 | -32.7% |
| Other amounts payable | 178/9 | €132,125 | €78,125 | -€54,000 | -40.9% |
| Amounts payable within one year | 42/48 | €59,734 | €159,666 | +€99,932 | +167.3% |
| Current portion of amounts payable after more than one year | 42 | €12,013 | €12,621 | +€608 | +5.1% |
| Trade debts | 44 | €17,125 | €88,093 | +€70,968 | +414.4% |
| Suppliers | 440/4 | €17,125 | €88,093 | +€70,968 | +414.4% |
| Taxes, remuneration and social security | 45 | - | €2,012 | +€2,012 | |
| Taxes | 450/3 | - | €2,012 | +€2,012 | |
| Other amounts payable | 47/48 | €30,596 | €56,939 | +€26,343 | +86.1% |
| Accrued charges and deferred income | 492/3 | - | €1,532 | +€1,532 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,307 | €50,289 | -€18 | 0.0% |
| Other operating charges | 640/8 | €4,358 | €393 | -€3,965 | -91.0% |
| Gross operating margin | 9900 | €82,953 | €140,439 | +€57,486 | +69.3% |
| Operating profit (loss) | 9901 | €28,289 | €89,757 | +€61,469 | +217.3% |
| Financial income | 75/76B | €164 | €1 | -€163 | -99.6% |
| Recurring financial income | 75 | €164 | €1 | -€163 | -99.6% |
| Financial charges | 65/66B | €3,134 | €3,901 | +€767 | +24.5% |
| Recurring financial charges | 65 | €3,134 | €3,901 | +€767 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €25,319 | €85,857 | +€60,538 | +239.1% |
| Income taxes | 67/77 | €6,685 | €22,012 | +€15,327 | +229.3% |
| Profit (loss) for the period | 9904 | €18,634 | €63,844 | +€45,211 | +242.6% |
| Transfer to tax-exempt reserves | 689 | - | €40 | +€40 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,634 | €63,804 | +€45,171 | +242.4% |
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 9 October 2026 via checked.be.