WAELHEM: 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.
WAELHEM
Largest movements
- Cash -€3,244
down €3,244 (-81.3%), from €3,989 to €745
mainly Other debts (-€2,431) and Investment in fixed assets (net) (-€1,157)
- Tangible fixed assets +€1,062
new in 2025: €1,062
- Receivables within one year -€654
down €654 (-36.9%), from €1,773 to €1,119
of which Trade receivables: -€773
- Other debts -€2,431
down €2,431 (-13.3%), from €18,326 to €15,895
- Tax, wage and social debts -€1,032
no longer reported in 2025 (was €1,032)
- Trade debts +€476
up €476 (+51.1%), from €932 to €1,408
- Profit (loss) carried forward +€203
up €203 (+1.5%), from -€13,543 to -€13,340
- Gross operating margin -€3,903
down €3,903 (-88.6%), from €4,405 to €501
- Staff costs -€239
no longer reported in 2025 (was €239)
- Other operating charges +€125
new in 2025: €125
- Depreciation +€95
new in 2025: €95
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 | €7,747 | €4,962 | -€2,785 | -35.9% |
| Fixed assets | 21/28 | - | €1,062 | +€1,062 | |
| Tangible fixed assets | 22/27 | - | €1,062 | +€1,062 | |
| Plant, machinery and equipment | 23 | - | €1,062 | +€1,062 | |
| Current assets | 29/58 | €7,747 | €3,901 | -€3,846 | -49.7% |
| Stocks and contracts in progress | 3 | €1,985 | €2,036 | +€51 | +2.6% |
| Stocks | 30/36 | €1,985 | €2,036 | +€51 | +2.6% |
| Amounts receivable within one year | 40/41 | €1,773 | €1,119 | -€654 | -36.9% |
| Trade receivables | 40 | €773 | - | -€773 | |
| Other amounts receivable | 41 | €1,000 | €1,119 | +€119 | +11.9% |
| Cash at bank and in hand | 54/58 | €3,989 | €745 | -€3,244 | -81.3% |
| Total equity and liabilities | 10/49 | €7,747 | €4,962 | -€2,785 | -35.9% |
| Equity | 10/15 | -€12,543 | -€12,340 | +€203 | +1.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,543 | -€13,340 | +€203 | +1.5% |
| Amounts payable | 17/49 | €20,290 | €17,302 | -€2,987 | -14.7% |
| Amounts payable within one year | 42/48 | €20,290 | €17,302 | -€2,987 | -14.7% |
| Trade debts | 44 | €932 | €1,408 | +€476 | +51.1% |
| Suppliers | 440/4 | €932 | €1,408 | +€476 | +51.1% |
| Taxes, remuneration and social security | 45 | €1,032 | - | -€1,032 | |
| Taxes | 450/3 | €1,032 | - | -€1,032 | |
| Other amounts payable | 47/48 | €18,326 | €15,895 | -€2,431 | -13.3% |
| Remuneration, social security and pensions | 62 | €239 | - | -€239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €95 | +€95 | |
| Other operating charges | 640/8 | - | €125 | +€125 | |
| Gross operating margin | 9900 | €4,405 | €501 | -€3,903 | -88.6% |
| Operating profit (loss) | 9901 | €4,166 | €281 | -€3,885 | -93.3% |
| Financial income | 75/76B | €24 | €3 | -€21 | -87.4% |
| Recurring financial income | 75 | €24 | €3 | -€21 | -87.4% |
| Financial charges | 65/66B | €94 | €81 | -€12 | -13.2% |
| Recurring financial charges | 65 | €94 | €81 | -€12 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €4,096 | €203 | -€3,893 | -95.0% |
| Profit (loss) for the period | 9904 | €4,096 | €203 | -€3,893 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,096 | €203 | -€3,893 | -95.0% |
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 17 October 2026 via checked.be.