WAL-CO: 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.
WAL-CO
Largest movements
- Cash -€24,607
down €24,607 (-63.8%), from €38,588 to €13,981
mainly Tax, wage and social debts (-€12,775) and Receivables within one year (-€7,083)
- Receivables within one year +€7,083
up €7,083 (+30.4%), from €23,319 to €30,402
of which Other amounts receivable: +€7,621
- Reserves -€15,702
down €15,702 (-33.2%), from €47,310 to €31,607
of which Distributable reserves: -€15,702
- Tax, wage and social debts -€12,775
down €12,775 (-96.0%), from €13,309 to €534
- Profit (loss) carried forward +€12,076
up €12,076 (+73.6%), from -€16,400 to -€4,323
- Gross operating margin +€6,722
up €6,722 (+88.0%), from -€7,637 to -€915
- Financial charges -€5,093
down €5,093 (-97.3%), from €5,232 to €139
- Depreciation -€1,103
down €1,103 (-48.1%), from €2,294 to €1,190
- Other operating charges +€138
up €138 (+14.2%), from €974 to €1,112
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 | €63,818 | €46,854 | -€16,964 | -26.6% |
| Fixed assets | 21/28 | €1,737 | €1,781 | +€44 | +2.5% |
| Tangible fixed assets | 22/27 | €1,737 | €1,781 | +€44 | +2.5% |
| Plant, machinery and equipment | 23 | €774 | €548 | -€226 | -29.2% |
| Furniture and vehicles | 24 | €963 | €1,233 | +€270 | +28.0% |
| Current assets | 29/58 | €62,081 | €45,073 | -€17,008 | -27.4% |
| Amounts receivable within one year | 40/41 | €23,319 | €30,402 | +€7,083 | +30.4% |
| Trade receivables | 40 | €838 | €300 | -€538 | -64.2% |
| Other amounts receivable | 41 | €22,481 | €30,101 | +€7,621 | +33.9% |
| Cash at bank and in hand | 54/58 | €38,588 | €13,981 | -€24,607 | -63.8% |
| Deferred charges and accrued income | 490/1 | €174 | €690 | +€517 | +297% |
| Total equity and liabilities | 10/49 | €63,818 | €46,854 | -€16,964 | -26.6% |
| Equity | 10/15 | €49,510 | €45,884 | -€3,626 | -7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,310 | €31,607 | -€15,702 | -33.2% |
| Non-distributable reserves | 130/1 | €495 | €495 | = | 0.0% |
| Reserves not available under the articles | 1311 | €495 | €495 | = | 0.0% |
| Tax-exempt reserves | 132 | €57 | €57 | = | 0.0% |
| Distributable reserves | 133 | €46,757 | €31,055 | -€15,702 | -33.6% |
| Profit (loss) carried forward | 14 | -€16,400 | -€4,323 | +€12,076 | +73.6% |
| Amounts payable | 17/49 | €14,308 | €970 | -€13,338 | -93.2% |
| Amounts payable within one year | 42/48 | €14,308 | €970 | -€13,338 | -93.2% |
| Trade debts | 44 | €999 | €436 | -€563 | -56.3% |
| Suppliers | 440/4 | €999 | €436 | -€563 | -56.3% |
| Taxes, remuneration and social security | 45 | €13,309 | €534 | -€12,775 | -96.0% |
| Taxes | 450/3 | €13,309 | €534 | -€12,775 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,294 | €1,190 | -€1,103 | -48.1% |
| Other operating charges | 640/8 | €974 | €1,112 | +€138 | +14.2% |
| Gross operating margin | 9900 | -€7,637 | -€915 | +€6,722 | +88.0% |
| Operating profit (loss) | 9901 | -€10,904 | -€3,217 | +€7,688 | +70.5% |
| Financial charges | 65/66B | €5,232 | €139 | -€5,093 | -97.3% |
| Recurring financial charges | 65 | €5,232 | €139 | -€5,093 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,136 | -€3,356 | +€12,780 | +79.2% |
| Income taxes | 67/77 | €264 | €270 | +€7 | +2.6% |
| Profit (loss) for the period | 9904 | -€16,400 | -€3,626 | +€12,773 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,400 | -€3,626 | +€12,773 | +77.9% |
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 15 October 2026 via checked.be.