Stal Wauters: 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.
Stal Wauters
Largest movements
- Receivables within one year -€14,293
down €14,293 (-65.7%), from €21,757 to €7,464
of which Trade receivables: -€13,665
- Cash +€9,155
up €9,155 (+2.3%), from €403,924 to €413,079
mainly Receivables within one year (+€14,293) and Trade debts (+€11,054)
- Tax, wage and social debts -€18,562
down €18,562 (-97.9%), from €18,963 to €401
- Trade debts +€11,054
up €11,054 (+43.9%), from €25,185 to €36,239
- Reserves +€5,169
up €5,169 (+1.6%), from €315,251 to €320,421
- Gross operating margin -€93,469
down €93,469 (-95.6%), from €97,815 to €4,346
- Taxes -€18,997
down €18,997 (-93.5%), from €20,326 to €1,329
- Financial income -€1,451
down €1,451 (-32.0%), from €4,542 to €3,091
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €514,034 | €511,695 | -€2,338 | -0.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €514,034 | €511,695 | -€2,338 | -0.5% |
| Stocks and contracts in progress | 3 | €88,352 | €91,152 | +€2,800 | +3.2% |
| Stocks | 30/36 | €88,352 | €91,152 | +€2,800 | +3.2% |
| Amounts receivable within one year | 40/41 | €21,757 | €7,464 | -€14,293 | -65.7% |
| Trade receivables | 40 | €17,981 | €4,316 | -€13,665 | -76.0% |
| Other amounts receivable | 41 | €3,777 | €3,148 | -€629 | -16.6% |
| Cash at bank and in hand | 54/58 | €403,924 | €413,079 | +€9,155 | +2.3% |
| Total equity and liabilities | 10/49 | €514,034 | €511,695 | -€2,338 | -0.5% |
| Equity | 10/15 | €325,251 | €330,421 | +€5,169 | +1.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €315,251 | €320,421 | +€5,169 | +1.6% |
| Distributable reserves | 133 | €315,251 | €320,421 | +€5,169 | +1.6% |
| Amounts payable | 17/49 | €188,782 | €181,275 | -€7,508 | -4.0% |
| Amounts payable within one year | 42/48 | €188,782 | €181,275 | -€7,508 | -4.0% |
| Trade debts | 44 | €25,185 | €36,239 | +€11,054 | +43.9% |
| Suppliers | 440/4 | €25,185 | €36,239 | +€11,054 | +43.9% |
| Taxes, remuneration and social security | 45 | €18,963 | €401 | -€18,562 | -97.9% |
| Taxes | 450/3 | €18,963 | €401 | -€18,562 | -97.9% |
| Other amounts payable | 47/48 | €144,634 | €144,634 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359 | €0 | -€359 | -100% |
| Other operating charges | 640/8 | €683 | €815 | +€132 | +19.3% |
| Gross operating margin | 9900 | €97,815 | €4,346 | -€93,469 | -95.6% |
| Operating profit (loss) | 9901 | €96,772 | €3,531 | -€93,241 | -96.4% |
| Financial income | 75/76B | €4,542 | €3,091 | -€1,451 | -32.0% |
| Recurring financial income | 75 | €4,542 | €3,091 | -€1,451 | -32.0% |
| Financial charges | 65/66B | €216 | €124 | -€92 | -42.5% |
| Recurring financial charges | 65 | €216 | €124 | -€92 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €101,099 | €6,498 | -€94,601 | -93.6% |
| Income taxes | 67/77 | €20,326 | €1,329 | -€18,997 | -93.5% |
| Profit (loss) for the period | 9904 | €80,773 | €5,169 | -€75,604 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,773 | €5,169 | -€75,604 | -93.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.