TEN WALLE: what changed
TEN WALLE
Largest movements
- Stocks and contracts -€59,475
down €59,475 (-19.5%), from €305,125 to €245,650
- Cash +€43,077
up €43,077 (+252%), from €17,091 to €60,168
mainly Stocks and contracts (+€59,475) and Depreciation (+€13,041)
- Receivables within one year +€24,299
up €24,299 (+965%), from €2,518 to €26,817
of which Trade receivables: +€24,467
- Tangible fixed assets -€13,041
down €13,041 (-60.7%), from €21,471 to €8,431
of which Furniture and vehicles: -€6,700
- Current portion of long-term debt -€6,085
no longer reported in 2025 (was €6,085)
- Profit (loss) carried forward +€4,605
up €4,605 (+10.7%), from €43,206 to €47,810
- Trade debts -€4,492
down €4,492 (-6.0%), from €75,058 to €70,566
- Depreciation -€2,324
down €2,324 (-15.1%), from €15,364 to €13,041
- Gross operating margin +€2,274
up €2,274 (+13.2%), from €17,261 to €19,534
- Financial charges -€285
down €285 (-52.6%), from €541 to €256
- Taxes +€252
new in 2025: €252
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €346,231 | €341,091 | -€5,140 | -1.5% |
| Fixed assets | 21/28 | €21,471 | €8,431 | -€13,041 | -60.7% |
| Tangible fixed assets | 22/27 | €21,471 | €8,431 | -€13,041 | -60.7% |
| Land and buildings | 22 | €7,327 | €5,496 | -€1,831 | -25.0% |
| Plant, machinery and equipment | 23 | €6,581 | €2,072 | -€4,510 | -68.5% |
| Furniture and vehicles | 24 | €7,563 | €863 | -€6,700 | -88.6% |
| Current assets | 29/58 | €324,759 | €332,660 | +€7,901 | +2.4% |
| Stocks and contracts in progress | 3 | €305,125 | €245,650 | -€59,475 | -19.5% |
| Stocks | 30/36 | €305,125 | €245,650 | -€59,475 | -19.5% |
| Amounts receivable within one year | 40/41 | €2,518 | €26,817 | +€24,299 | +965% |
| Trade receivables | 40 | €1,103 | €25,570 | +€24,467 | +2,218% |
| Other amounts receivable | 41 | €1,415 | €1,247 | -€168 | -11.9% |
| Current investments | 50/53 | €25 | €25 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,091 | €60,168 | +€43,077 | +252% |
| Total equity and liabilities | 10/49 | €346,231 | €341,091 | -€5,140 | -1.5% |
| Equity | 10/15 | €63,657 | €68,261 | +€4,605 | +7.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,206 | €47,810 | +€4,605 | +10.7% |
| Amounts payable | 17/49 | €282,574 | €272,830 | -€9,744 | -3.4% |
| Amounts payable after more than one year | 17 | €1,019 | €1,019 | = | 0.0% |
| Financial debts | 170/4 | €1,019 | €1,019 | = | 0.0% |
| Amounts payable within one year | 42/48 | €281,555 | €271,811 | -€9,744 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €6,085 | - | -€6,085 | |
| Trade debts | 44 | €75,058 | €70,566 | -€4,492 | -6.0% |
| Suppliers | 440/4 | €75,058 | €70,566 | -€4,492 | -6.0% |
| Other amounts payable | 47/48 | €200,413 | €201,245 | +€832 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,364 | €13,041 | -€2,324 | -15.1% |
| Other operating charges | 640/8 | €1,230 | €1,382 | +€152 | +12.3% |
| Gross operating margin | 9900 | €17,261 | €19,534 | +€2,274 | +13.2% |
| Operating profit (loss) | 9901 | €667 | €5,112 | +€4,446 | +667% |
| Financial income | 75/76B | €1 | €0 | -€1 | -69.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -69.9% |
| Financial charges | 65/66B | €541 | €256 | -€285 | -52.6% |
| Recurring financial charges | 65 | €541 | €256 | -€285 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | €127 | €4,856 | +€4,730 | +3,733% |
| Income taxes | 67/77 | - | €252 | +€252 | |
| Profit (loss) for the period | 9904 | €127 | €4,605 | +€4,478 | +3,534% |
| Profit (loss) for the period to be appropriated | 9905 | €127 | €4,605 | +€4,478 | +3,534% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.