TERRE DE WAULX: what changed
What changed
TERRE DE WAULX
NACE 55.203, Holiday cottages, homes and apartments
filed annual accounts (NBB)
Net result for the year
-€167,998
2024 · -€90,401-€77,597
Equity
-€726,576
2024 · -€558,578-€167,998
Cash
€3,340
2024 · €29,553-€26,213
Balance sheet total
€3.5m
2024 · €3.4m+€109,257
Largest movements
Assets
- Tangible fixed assets +€132,323
up €132,323 (+3.9%), from €3.4m to €3.5m
of which Land and buildings: +€120,101
Equity and liabilities
- Debts after one year +€295,000
up €295,000 (+7.6%), from €3.9m to €4.2m
- Profit (loss) carried forward -€167,998
down €167,998 (-29.9%), from -€562,578 to -€730,576
Income statement
- Gross operating margin -€54,830
down €54,830, from €6,177 to -€48,654
- Depreciation +€24,752
up €24,752 (+26.7%), from €92,607 to €117,359
- Other operating charges -€2,453
down €2,453 (-63.0%), from €3,891 to €1,438
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.
Result 2024
-€90,401
Gross operating margin
-€54,830
Depreciation
-€24,752
Other operating charges
+€2,453
Financial income
-€0
Financial charges
-€467
Result 2025
-€167,998
raises the resultlowers the result
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.
From operations
-€71,531
Investment
-€249,682
Financing
+€295,000
Cash 2024
€29,553
From operations (derived)
-€71,531
Net result for the year
-€167,998
Depreciation
+€117,359
Receivables within one year
-€2,421
Smaller working-capital items
-€1,154
Trade debts
-€17,316
Investment (derived)
-€249,682
Investment in fixed assets (net)
-€249,682
Financing
+€295,000
Debts after one year
+€295,000
Cash 2025
€3,340
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,410,679 | €3,519,936 | +€109,257 | +3.2% |
| Fixed assets | 21/28 | €3,367,989 | €3,500,312 | +€132,323 | +3.9% |
| Tangible fixed assets | 22/27 | €3,367,989 | €3,500,312 | +€132,323 | +3.9% |
| Land and buildings | 22 | €3,266,633 | €3,386,734 | +€120,101 | +3.7% |
| Plant, machinery and equipment | 23 | €97,827 | €110,943 | +€13,116 | +13.4% |
| Furniture and vehicles | 24 | €3,529 | €2,635 | -€895 | -25.3% |
| Current assets | 29/58 | €42,690 | €19,624 | -€23,066 | -54.0% |
| Amounts receivable within one year | 40/41 | €12,307 | €14,728 | +€2,421 | +19.7% |
| Trade receivables | 40 | €1,659 | €5,037 | +€3,378 | +204% |
| Other amounts receivable | 41 | €10,648 | €9,692 | -€956 | -9.0% |
| Cash at bank and in hand | 54/58 | €29,553 | €3,340 | -€26,213 | -88.7% |
| Deferred charges and accrued income | 490/1 | €830 | €1,556 | +€726 | +87.4% |
| Total equity and liabilities | 10/49 | €3,410,679 | €3,519,936 | +€109,257 | +3.2% |
| Equity | 10/15 | -€558,578 | -€726,576 | -€167,998 | -30.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€562,578 | -€730,576 | -€167,998 | -29.9% |
| Amounts payable | 17/49 | €3,969,257 | €4,246,513 | +€277,255 | +7.0% |
| Amounts payable after more than one year | 17 | €3,900,000 | €4,195,000 | +€295,000 | +7.6% |
| Financial debts | 170/4 | €3,900,000 | €4,195,000 | +€295,000 | +7.6% |
| Amounts payable within one year | 42/48 | €69,257 | €51,513 | -€17,745 | -25.6% |
| Trade debts | 44 | €60,962 | €43,646 | -€17,316 | -28.4% |
| Suppliers | 440/4 | €60,962 | €43,646 | -€17,316 | -28.4% |
| Other amounts payable | 47/48 | €8,296 | €7,867 | -€429 | -5.2% |
| Non-recurring operating income | 76A | €29,003 | €2,250 | -€26,753 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,607 | €117,359 | +€24,752 | +26.7% |
| Other operating charges | 640/8 | €3,891 | €1,438 | -€2,453 | -63.0% |
| Gross operating margin | 9900 | €6,177 | -€48,654 | -€54,830 | |
| Operating profit (loss) | 9901 | -€90,321 | -€167,451 | -€77,130 | -85.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €80 | €547 | +€467 | +583% |
| Recurring financial charges | 65 | €80 | €547 | +€467 | +583% |
| Profit (loss) for the period before taxes | 9903 | -€90,401 | -€167,998 | -€77,597 | -85.8% |
| Profit (loss) for the period | 9904 | -€90,401 | -€167,998 | -€77,597 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,401 | -€167,998 | -€77,597 | -85.8% |
Next steps
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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 6 November 2026 via checked.be.