THOMAS WALTHERE CONSTRUCTIONS GENERALES: what changed
THOMAS WALTHERE CONSTRUCTIONS GENERALES
Largest movements
- Cash -€45,654
down €45,654 (-31.5%), from €144,732 to €99,078
mainly Stocks and contracts (-€43,225) and Trade debts (-€17,696)
- Stocks and contracts +€43,225
up €43,225 (+3,747%), from €1,154 to €44,379
of which Stocks: +€43,225
- Receivables within one year -€15,945
down €15,945 (-46.2%), from €34,535 to €18,590
of which Trade receivables: -€21,041
- Deferred charges and accrued income -€6,191
down €6,191 (-86.7%), from €7,142 to €951
- Trade debts -€17,696
down €17,696 (-78.5%), from €22,529 to €4,833
- Tax, wage and social debts -€13,249
down €13,249 (-93.2%), from €14,212 to €963
of which Remuneration and social security: -€8,494
- Debts after one year +€2,470
up €2,470 (+1.1%), from €219,251 to €221,721
- Profit (loss) carried forward +€2,274
up €2,274 (+2.5%), from -€91,565 to -€89,291
- Gross operating margin +€26,009
up €26,009 (+107%), from €24,206 to €50,215
- Depreciation -€2,048
down €2,048 (-39.0%), from €5,255 to €3,207
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 | €197,536 | €171,765 | -€25,771 | -13.0% |
| Fixed assets | 21/28 | €9,973 | €8,766 | -€1,207 | -12.1% |
| Tangible fixed assets | 22/27 | €9,973 | €8,766 | -€1,207 | -12.1% |
| Furniture and vehicles | 24 | €9,973 | €8,766 | -€1,207 | -12.1% |
| Current assets | 29/58 | €187,563 | €162,999 | -€24,564 | -13.1% |
| Stocks and contracts in progress | 3 | €1,154 | €44,379 | +€43,225 | +3,747% |
| Stocks | 30/36 | €1,154 | €44,379 | +€43,225 | +3,747% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €34,535 | €18,590 | -€15,945 | -46.2% |
| Trade receivables | 40 | €34,425 | €13,384 | -€21,041 | -61.1% |
| Other amounts receivable | 41 | €110 | €5,206 | +€5,096 | +4,633% |
| Cash at bank and in hand | 54/58 | €144,732 | €99,078 | -€45,654 | -31.5% |
| Deferred charges and accrued income | 490/1 | €7,142 | €951 | -€6,191 | -86.7% |
| Total equity and liabilities | 10/49 | €197,536 | €171,765 | -€25,771 | -13.0% |
| Equity | 10/15 | -€58,455 | -€56,181 | +€2,274 | +3.9% |
| Contributions | 10/11 | €30,100 | €30,100 | = | 0.0% |
| Reserves | 13 | €3,010 | €3,010 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,010 | €3,010 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,010 | €3,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,565 | -€89,291 | +€2,274 | +2.5% |
| Amounts payable | 17/49 | €255,992 | €227,946 | -€28,045 | -11.0% |
| Amounts payable after more than one year | 17 | €219,251 | €221,721 | +€2,470 | +1.1% |
| Other amounts payable | 178/9 | €219,251 | €221,721 | +€2,470 | +1.1% |
| Amounts payable within one year | 42/48 | €36,740 | €6,225 | -€30,515 | -83.1% |
| Trade debts | 44 | €22,529 | €4,833 | -€17,696 | -78.5% |
| Suppliers | 440/4 | €22,529 | €4,833 | -€17,696 | -78.5% |
| Taxes, remuneration and social security | 45 | €14,212 | €963 | -€13,249 | -93.2% |
| Taxes | 450/3 | €4,754 | - | -€4,754 | |
| Remuneration and social security | 454/9 | €9,457 | €963 | -€8,494 | -89.8% |
| Other amounts payable | 47/48 | - | €430 | +€430 | |
| Remuneration, social security and pensions | 62 | €43,653 | €43,918 | +€265 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,255 | €3,207 | -€2,048 | -39.0% |
| Other operating charges | 640/8 | €729 | €729 | +€0 | 0.0% |
| Gross operating margin | 9900 | €24,206 | €50,215 | +€26,009 | +107% |
| Operating profit (loss) | 9901 | -€25,431 | €2,361 | +€27,792 | |
| Financial income | 75/76B | €995 | €527 | -€468 | -47.0% |
| Recurring financial income | 75 | €995 | €527 | -€468 | -47.0% |
| Financial charges | 65/66B | €1,060 | €614 | -€446 | -42.1% |
| Recurring financial charges | 65 | €1,060 | €614 | -€446 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,495 | €2,274 | +€27,769 | |
| Profit (loss) for the period | 9904 | -€25,495 | €2,274 | +€27,769 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,495 | €2,274 | +€27,769 |
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 5 November 2026 via checked.be.