Ter Wallen: 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.
Ter Wallen
Largest movements
- Tangible fixed assets -€131,307
down €131,307 (-2.2%), from €5.9m to €5.8m
of which Land and buildings: -€133,232
- Debts after one year -€94,991
down €94,991 (-6.7%), from €1.4m to €1.3m
- Profit (loss) carried forward -€69,177
down €69,177 (-11.8%), from -€588,281 to -€657,459
- Staff costs -€23,544
down €23,544, from €21,879 to -€1,665
- Gross operating margin -€21,145
down €21,145 (-14.9%), from €141,813 to €120,668
- Depreciation -€8,123
down €8,123 (-4.9%), from €165,233 to €157,110
- Other operating charges -€5,294
down €5,294 (-29.5%), from €17,971 to €12,677
- Financial income -€2,118
down €2,118 (-66.6%), from €3,182 to €1,064
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 | €5,947,086 | €5,805,698 | -€141,388 | -2.4% |
| Fixed assets | 21/28 | €5,900,899 | €5,769,592 | -€131,307 | -2.2% |
| Tangible fixed assets | 22/27 | €5,900,899 | €5,769,592 | -€131,307 | -2.2% |
| Land and buildings | 22 | €5,883,046 | €5,749,813 | -€133,232 | -2.3% |
| Plant, machinery and equipment | 23 | €13,284 | €17,826 | +€4,542 | +34.2% |
| Furniture and vehicles | 24 | €4,569 | €1,952 | -€2,617 | -57.3% |
| Current assets | 29/58 | €46,187 | €36,106 | -€10,081 | -21.8% |
| Amounts receivable within one year | 40/41 | €32,032 | €28,558 | -€3,474 | -10.8% |
| Trade receivables | 40 | €0 | €2,972 | +€2,972 | |
| Other amounts receivable | 41 | €32,032 | €25,587 | -€6,445 | -20.1% |
| Cash at bank and in hand | 54/58 | €9,862 | €5,232 | -€4,629 | -46.9% |
| Deferred charges and accrued income | 490/1 | €4,293 | €2,316 | -€1,978 | -46.1% |
| Total equity and liabilities | 10/49 | €5,947,086 | €5,805,698 | -€141,388 | -2.4% |
| Equity | 10/15 | €4,398,719 | €4,329,542 | -€69,177 | -1.6% |
| Contributions | 10/11 | €4,987,000 | €4,987,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€588,281 | -€657,459 | -€69,177 | -11.8% |
| Amounts payable | 17/49 | €1,548,367 | €1,476,157 | -€72,210 | -4.7% |
| Amounts payable after more than one year | 17 | €1,424,058 | €1,329,067 | -€94,991 | -6.7% |
| Financial debts | 170/4 | €1,424,058 | €1,329,067 | -€94,991 | -6.7% |
| Amounts payable within one year | 42/48 | €121,361 | €144,786 | +€23,425 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €93,540 | €94,991 | +€1,451 | +1.6% |
| Trade debts | 44 | €24,032 | €45,277 | +€21,245 | +88.4% |
| Suppliers | 440/4 | €24,032 | €45,277 | +€21,245 | +88.4% |
| Taxes, remuneration and social security | 45 | €2,700 | €0 | -€2,700 | -100% |
| Remuneration and social security | 454/9 | €2,700 | €0 | -€2,700 | -100% |
| Other amounts payable | 47/48 | €1,088 | €4,518 | +€3,430 | +315% |
| Accrued charges and deferred income | 492/3 | €2,948 | €2,303 | -€644 | -21.9% |
| Remuneration, social security and pensions | 62 | €21,879 | -€1,665 | -€23,544 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,233 | €157,110 | -€8,123 | -4.9% |
| Other operating charges | 640/8 | €17,971 | €12,677 | -€5,294 | -29.5% |
| Gross operating margin | 9900 | €141,813 | €120,668 | -€21,145 | -14.9% |
| Operating profit (loss) | 9901 | -€63,270 | -€47,453 | +€15,817 | +25.0% |
| Financial income | 75/76B | €3,182 | €1,064 | -€2,118 | -66.6% |
| Recurring financial income | 75 | €3,182 | €1,064 | -€2,118 | -66.6% |
| Financial charges | 65/66B | €24,794 | €22,789 | -€2,005 | -8.1% |
| Recurring financial charges | 65 | €24,794 | €22,789 | -€2,005 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€84,882 | -€69,177 | +€15,704 | +18.5% |
| Profit (loss) for the period | 9904 | -€84,882 | -€69,177 | +€15,704 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,882 | -€69,177 | +€15,704 | +18.5% |
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 17 October 2026 via checked.be.