VISITWallonia: 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.
What changed
VISITWallonia
NACE 79.901, Tourist information services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€33,973
2024 · -€57,269+€91,242
Equity
€524,367
2024 · €581,144-€56,777
Cash
€923,160
2024 · €780,556+€142,604
Balance sheet total
€3.4m
2024 · €4.5m-€1.1m
Largest movements
Assets
- Receivables within one year -€1.1m
down €1.1m (-34.8%), from €3.2m to €2.1m
of which Other amounts receivable: -€1.2m
- Cash +€142,604
up €142,604 (+18.3%), from €780,556 to €923,160
mainly Receivables within one year (+€1.1m) and Depreciation (+€123,546)
- Tangible fixed assets -€84,830
down €84,830 (-32.9%), from €257,603 to €172,773
Equity and liabilities
- Trade debts -€1.1m
down €1.1m (-33.9%), from €3.1m to €2.1m
- Investment grants -€90,750
down €90,750 (-34.4%), from €263,523 to €172,773
- Accrued charges and deferred income +€46,886
up €46,886 (+629.8%), from €7,445 to €54,331
Income statement
- Services and other goods -€2.7m
down €2.7m (-25.8%), from €10.5m to €7.8m
- Staff costs +€269,965
up €269,965 (+3.8%), from €7.1m to €7.4m
- Turnover +€110,429
up €110,429 (+14.7%), from €751,484 to €861,912
- Other operating charges -€11,982
down €11,982 (-26.3%), from €45,624 to €33,643
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.
Result 2024
-€57,269
Turnover
+€110,429
Other operating income
-€2,843
Goods and materials
-€4,461
Services and other goods
+€2.7m
Staff costs
-€269,965
Depreciation
+€5,578
Other operating charges
+€11,982
Other operating items
-€2.5m
Financial income
+€6,534
Financial charges
+€623
Taxes
-€275
Result 2025
€33,973
Cash bridge derived
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.
From operations
+€272,329
Investment
-€38,716
Financing
-€90,750
Cash 2024
€780,556
From operations (derived)
+€272,329
Net result for the year
+€33,973
Depreciation
+€123,546
Stocks and contracts
-€12,995
Receivables within one year
+€1.1m
Deferred charges and accrued income
+€14,136
Provisions
+€6,564
Trade debts
-€1.1m
Tax, wage and social debts
+€16,407
Accrued charges and deferred income
+€46,886
Investment (derived)
-€38,716
Investment in fixed assets (net)
-€38,716
Financing
-€90,750
Contributions, distributions and other
-€90,750
Not broken down
-€259
Cash 2025
€923,160
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,455,358 | €3,401,682 | -€1.1m | -23.6% |
| Fixed assets | 21/28 | €257,603 | €172,773 | -€84,830 | -32.9% |
| Tangible fixed assets | 22/27 | €257,603 | €172,773 | -€84,830 | -32.9% |
| Furniture and vehicles | 24 | €257,603 | €172,773 | -€84,830 | -32.9% |
| Current assets | 29/58 | €4,197,755 | €3,228,909 | -€968,846 | -23.1% |
| Stocks and contracts in progress | 3 | €37,717 | €50,712 | +€12,995 | +34.5% |
| Stocks | 30/36 | €37,717 | €50,712 | +€12,995 | +34.5% |
| Goods purchased for resale | 34 | €37,717 | €50,712 | +€12,995 | +34.5% |
| Amounts receivable within one year | 40/41 | €3,189,598 | €2,079,289 | -€1.1m | -34.8% |
| Trade receivables | 40 | €194,686 | €247,441 | +€52,755 | +27.1% |
| Other amounts receivable | 41 | €2,994,912 | €1,831,848 | -€1.2m | -38.8% |
| Cash at bank and in hand | 54/58 | €780,556 | €923,160 | +€142,604 | +18.3% |
| Deferred charges and accrued income | 490/1 | €189,884 | €175,748 | -€14,136 | -7.4% |
| Total equity and liabilities | 10/49 | €4,455,358 | €3,401,682 | -€1.1m | -23.6% |
| Equity | 10/15 | €581,144 | €524,367 | -€56,777 | -9.8% |
| Reserves | 13 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,379 | €1,594 | +€33,973 | |
| Investment grants | 15 | €263,523 | €172,773 | -€90,750 | -34.4% |
| Provisions and deferred taxes | 16 | €80,565 | €87,129 | +€6,564 | +8.1% |
| Provisions for liabilities and charges | 160/5 | €80,565 | €87,129 | +€6,564 | +8.1% |
| Pensions and similar obligations | 160 | €80,565 | €87,129 | +€6,564 | +8.1% |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €3,793,649 | €2,790,186 | -€1.0m | -26.5% |
| Amounts payable within one year | 42/48 | €3,786,204 | €2,735,855 | -€1.1m | -27.7% |
| Trade debts | 44 | €3,145,824 | €2,079,327 | -€1.1m | -33.9% |
| Suppliers | 440/4 | €3,145,824 | €2,079,327 | -€1.1m | -33.9% |
| Taxes, remuneration and social security | 45 | €640,121 | €656,529 | +€16,407 | +2.6% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €640,121 | €656,529 | +€16,407 | +2.6% |
| Accrued charges and deferred income | 492/3 | €7,445 | €54,331 | +€46,886 | +629.8% |
| Operating income | 70/76A | €17,651,256 | €15,408,391 | -€2.2m | -12.7% |
| Turnover | 70 | €751,484 | €861,912 | +€110,429 | +14.7% |
| Membership fees, donations, legacies and grants | 73 | €16,816,587 | €14,460,217 | -€2.4m | -14.0% |
| Other operating income | 74 | €83,186 | €80,343 | -€2,843 | -3.4% |
| Non-recurring operating income | 76A | - | €5,919 | +€5,919 | |
| Operating charges | 60/66A | €17,693,025 | €15,365,800 | -€2.3m | -13.2% |
| Goods for resale, raw materials and consumables | 60 | €34,626 | €39,087 | +€4,461 | +12.9% |
| Purchases | 600/8 | €34,307 | €52,082 | +€17,775 | +51.8% |
| Change in stocks: decrease (increase) | 609 | €319 | -€12,995 | -€13,314 | |
| Services and other goods | 61 | €10,503,661 | €7,789,409 | -€2.7m | -25.8% |
| Remuneration, social security and pensions | 62 | €7,103,586 | €7,373,551 | +€269,965 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,124 | €123,546 | -€5,578 | -4.3% |
| Other operating charges | 640/8 | €45,624 | €33,643 | -€11,982 | -26.3% |
| Operating charges capitalised as restructuring costs | 649 | €0 | €0 | = | |
| Operating profit (loss) | 9901 | -€41,769 | €42,591 | +€84,360 | |
| Financial income | 75/76B | €5,895 | €12,429 | +€6,534 | +110.8% |
| Recurring financial income | 75 | €5,895 | €12,429 | +€6,534 | +110.8% |
| Income from current assets | 751 | €799 | €10 | -€789 | -98.8% |
| Other financial income | 752/9 | €5,096 | €12,419 | +€7,323 | +143.7% |
| Financial charges | 65/66B | €17,557 | €16,934 | -€623 | -3.5% |
| Recurring financial charges | 65 | €17,557 | €16,934 | -€623 | -3.5% |
| Other financial charges | 652/9 | €17,557 | €16,934 | -€623 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€53,431 | €38,086 | +€91,517 | |
| Income taxes | 67/77 | €3,839 | €4,113 | +€275 | +7.2% |
| Taxes | 670/3 | €3,839 | €4,113 | +€275 | +7.2% |
| Profit (loss) for the period | 9904 | -€57,269 | €33,973 | +€91,242 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,269 | €33,973 | +€91,242 |
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 10 October 2026 via checked.be.