The Walhalla Inn: 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.
The Walhalla Inn
Largest movements
- Cash -€80,625
down €80,625 (-85.9%), from €93,893 to €13,268
mainly Receivables within one year (-€52,536) and Tax, wage and social debts (-€17,191)
- Receivables within one year +€52,536
up €52,536 (+33.6%), from €156,258 to €208,794
of which Other amounts receivable: +€82,031
- Tangible fixed assets -€7,934
down €7,934 (-4.0%), from €196,737 to €188,803
of which Land and buildings: -€7,848
- Deferred charges and accrued income +€4,859
up €4,859 (+413%), from €1,177 to €6,036
- Tax, wage and social debts -€17,191
down €17,191 (-47.6%), from €36,154 to €18,963
- Debts after one year -€12,443
down €12,443 (-6.8%), from €181,989 to €169,546
- Gross operating margin -€111,264
down €111,264 (-80.8%), from €137,695 to €26,431
- Taxes -€28,639
down €28,639 (-85.2%), from €33,607 to €4,968
- Financial income +€3,327
up €3,327 (+73.7%), from €4,515 to €7,842
- Depreciation -€2,012
down €2,012 (-13.5%), from €14,880 to €12,868
- Financial charges -€1,953
down €1,953 (-14.9%), from €13,137 to €11,184
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 | €448,065 | €416,900 | -€31,165 | -7.0% |
| Fixed assets | 21/28 | €196,737 | €188,803 | -€7,934 | -4.0% |
| Tangible fixed assets | 22/27 | €196,737 | €188,803 | -€7,934 | -4.0% |
| Land and buildings | 22 | €177,594 | €169,747 | -€7,848 | -4.4% |
| Plant, machinery and equipment | 23 | €3,729 | €3,243 | -€486 | -13.0% |
| Furniture and vehicles | 24 | €4,984 | €5,384 | +€400 | +8.0% |
| Other tangible fixed assets | 26 | €10,429 | €10,429 | = | 0.0% |
| Current assets | 29/58 | €251,328 | €228,098 | -€23,231 | -9.2% |
| Amounts receivable within one year | 40/41 | €156,258 | €208,794 | +€52,536 | +33.6% |
| Trade receivables | 40 | €50,066 | €20,570 | -€29,496 | -58.9% |
| Other amounts receivable | 41 | €106,193 | €188,224 | +€82,031 | +77.2% |
| Cash at bank and in hand | 54/58 | €93,893 | €13,268 | -€80,625 | -85.9% |
| Deferred charges and accrued income | 490/1 | €1,177 | €6,036 | +€4,859 | +413% |
| Total equity and liabilities | 10/49 | €448,065 | €416,900 | -€31,165 | -7.0% |
| Equity | 10/15 | €184,723 | €186,211 | +€1,487 | +0.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €154,342 | €155,829 | +€1,487 | +1.0% |
| Distributable reserves | 133 | €154,342 | €155,829 | +€1,487 | +1.0% |
| Profit (loss) carried forward | 14 | €24,181 | €24,181 | = | 0.0% |
| Amounts payable | 17/49 | €263,342 | €230,690 | -€32,652 | -12.4% |
| Amounts payable after more than one year | 17 | €181,989 | €169,546 | -€12,443 | -6.8% |
| Financial debts | 170/4 | €181,989 | €169,546 | -€12,443 | -6.8% |
| Amounts payable within one year | 42/48 | €59,744 | €39,471 | -€20,273 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €11,810 | €12,443 | +€633 | +5.4% |
| Financial debts | 43 | €2,831 | €2,670 | -€161 | -5.7% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €2,831 | €2,670 | -€161 | -5.7% |
| Trade debts | 44 | €8,948 | €5,395 | -€3,553 | -39.7% |
| Suppliers | 440/4 | €8,948 | €5,395 | -€3,553 | -39.7% |
| Taxes, remuneration and social security | 45 | €36,154 | €18,963 | -€17,191 | -47.6% |
| Taxes | 450/3 | €36,154 | €18,963 | -€17,191 | -47.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €21,609 | €21,673 | +€64 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,880 | €12,868 | -€2,012 | -13.5% |
| Other operating charges | 640/8 | €2,641 | €3,766 | +€1,125 | +42.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €137,695 | €26,431 | -€111,264 | -80.8% |
| Operating profit (loss) | 9901 | €120,174 | €9,797 | -€110,377 | -91.8% |
| Financial income | 75/76B | €4,515 | €7,842 | +€3,327 | +73.7% |
| Recurring financial income | 75 | €4,515 | €7,842 | +€3,327 | +73.7% |
| Financial charges | 65/66B | €13,137 | €11,184 | -€1,953 | -14.9% |
| Recurring financial charges | 65 | €13,137 | €11,184 | -€1,953 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €111,551 | €6,455 | -€105,097 | -94.2% |
| Income taxes | 67/77 | €33,607 | €4,968 | -€28,639 | -85.2% |
| Profit (loss) for the period | 9904 | €77,945 | €1,487 | -€76,458 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,945 | €1,487 | -€76,458 | -98.1% |
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 27 October 2026 via checked.be.