WAALSE KROOK: 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
WAALSE KROOK
NACE 90.312, Arts creation and performing arts activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€131,441
2024 · €380,189-€248,749
Equity
€39.3m
2024 · €40.1m-€799,080
Cash
€5.0m
2024 · €4.5m+€516,276
Balance sheet total
€56.8m
2024 · €59.6m-€2.8m
Largest movements
Assets
- Tangible fixed assets -€2.9m
down €2.9m (-5.5%), from €52.6m to €49.7m
of which Land and buildings: -€2.6m
Equity and liabilities
- Debts after one year -€1.2m
down €1.2m (-8.8%), from €13.9m to €12.7m
of which Financial debts: -€1.2m
- Investment grants -€930,521
down €930,521 (-3.8%), from €24.3m to €23.4m
- Provisions -€915,618
down €915,618 (-25.9%), from €3.5m to €2.6m
of which Deferred taxes: -€996,534
Income statement
- Gross operating margin -€208,505
down €208,505 (-9.0%), from €2.3m to €2.1m
- Staff costs +€140,187
up €140,187 (+60.2%), from €232,993 to €373,180
- Taxes -€90,956
down €90,956 (-54.8%), from €165,893 to €74,937
- Financial income +€42,482
up €42,482 (+2.3%), from €1.9m to €1.9m
- Provisions -€24,857
down €24,857 (-23.5%), from €105,774 to €80,916
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
€380,189
Gross operating margin
-€208,505
Staff costs
-€140,187
Depreciation
-€3,971
Provisions
+€24,857
Other operating charges
+€13,743
Financial income
+€42,482
Financial charges
-€679
Taxes
+€90,956
Deferred taxes and other
-€67,447
Result 2025
€131,441
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.0m
Investment
-€284,541
Financing
-€2.2m
Cash 2024
€4.5m
From operations (derived)
+€3.0m
Net result for the year
+€131,441
Depreciation
+€3.2m
Receivables within one year
+€346,872
Deferred charges and accrued income
+€27,643
Provisions
-€915,618
Trade debts
+€52,712
Tax, wage and social debts
+€102,880
Accrued charges and deferred income
+€6,814
Investment (derived)
-€284,541
Investment in fixed assets (net)
-€284,541
Financing
-€2.2m
Debts after one year
-€1.2m
Current portion of long-term debt
-€0
Contributions, distributions and other
-€930,521
Cash 2025
€5.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,606,119 | €56,832,992 | -€2.8m | -4.7% |
| Fixed assets | 21/28 | €52,608,406 | €49,693,518 | -€2.9m | -5.5% |
| Intangible fixed assets | 21 | €8,087 | €5,265 | -€2,821 | -34.9% |
| Tangible fixed assets | 22/27 | €52,600,245 | €49,688,178 | -€2.9m | -5.5% |
| Land and buildings | 22 | €51,401,767 | €48,784,955 | -€2.6m | -5.1% |
| Plant, machinery and equipment | 23 | €17,148 | €45,262 | +€28,114 | +164% |
| Furniture and vehicles | 24 | €1,181,330 | €857,961 | -€323,369 | -27.4% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €6,997,713 | €7,139,474 | +€141,761 | +2.0% |
| Amounts receivable within one year | 40/41 | €2,377,810 | €2,030,938 | -€346,872 | -14.6% |
| Trade receivables | 40 | €2,355,066 | €1,934,726 | -€420,340 | -17.8% |
| Other amounts receivable | 41 | €22,744 | €96,212 | +€73,468 | +323% |
| Cash at bank and in hand | 54/58 | €4,482,763 | €4,999,039 | +€516,276 | +11.5% |
| Deferred charges and accrued income | 490/1 | €137,141 | €109,497 | -€27,643 | -20.2% |
| Total equity and liabilities | 10/49 | €59,606,119 | €56,832,992 | -€2.8m | -4.7% |
| Equity | 10/15 | €40,123,932 | €39,324,852 | -€799,080 | -2.0% |
| Contributions | 10/11 | €16,359,888 | €16,359,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€535,757 | -€404,317 | +€131,441 | +24.5% |
| Investment grants | 15 | €24,299,801 | €23,369,280 | -€930,521 | -3.8% |
| Provisions and deferred taxes | 16 | €3,528,546 | €2,612,928 | -€915,618 | -25.9% |
| Provisions for liabilities and charges | 160/5 | €1,558,292 | €1,639,208 | +€80,916 | +5.2% |
| Major repairs and maintenance | 162 | €1,558,292 | €1,639,208 | +€80,916 | +5.2% |
| Deferred taxes | 168 | €1,970,254 | €973,720 | -€996,534 | -50.6% |
| Amounts payable | 17/49 | €15,953,642 | €14,895,212 | -€1.1m | -6.6% |
| Amounts payable after more than one year | 17 | €13,900,090 | €12,679,255 | -€1.2m | -8.8% |
| Financial debts | 170/4 | €13,874,911 | €12,654,363 | -€1.2m | -8.8% |
| Other amounts payable | 178/9 | €25,178 | €24,892 | -€286 | -1.1% |
| Amounts payable within one year | 42/48 | €1,836,425 | €1,992,017 | +€155,592 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €1,220,549 | €1,220,549 | -€0 | 0.0% |
| Trade debts | 44 | €486,371 | €539,082 | +€52,712 | +10.8% |
| Suppliers | 440/4 | €486,371 | €539,082 | +€52,712 | +10.8% |
| Taxes, remuneration and social security | 45 | €129,220 | €232,100 | +€102,880 | +79.6% |
| Taxes | 450/3 | €89,319 | €183,556 | +€94,236 | +106% |
| Remuneration and social security | 454/9 | €39,900 | €48,544 | +€8,644 | +21.7% |
| Other amounts payable | 47/48 | €286 | €286 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €217,127 | €223,941 | +€6,814 | +3.1% |
| Remuneration, social security and pensions | 62 | €232,993 | €373,180 | +€140,187 | +60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,195,459 | €3,199,429 | +€3,971 | +0.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €105,774 | €80,916 | -€24,857 | -23.5% |
| Other operating charges | 640/8 | €259,046 | €245,303 | -€13,743 | -5.3% |
| Gross operating margin | 9900 | €2,317,877 | €2,109,372 | -€208,505 | -9.0% |
| Operating profit (loss) | 9901 | -€1,475,395 | -€1,789,456 | -€314,062 | -21.3% |
| Financial income | 75/76B | €1,877,303 | €1,919,785 | +€42,482 | +2.3% |
| Recurring financial income | 75 | €1,877,303 | €1,919,785 | +€42,482 | +2.3% |
| Financial charges | 65/66B | €355 | €1,034 | +€679 | +191% |
| Recurring financial charges | 65 | €355 | €1,034 | +€679 | +191% |
| Profit (loss) for the period before taxes | 9903 | €401,553 | €129,295 | -€272,258 | -67.8% |
| Transfer from deferred taxes | 780 | €144,529 | €77,082 | -€67,447 | -46.7% |
| Income taxes | 67/77 | €165,893 | €74,937 | -€90,956 | -54.8% |
| Profit (loss) for the period | 9904 | €380,189 | €131,441 | -€248,749 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €380,189 | €131,441 | -€248,749 | -65.4% |
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 31 October 2026 via checked.be.