WAL D'OR: what changed
Two fiscal 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 D'OR
Largest movements
- Tangible fixed assets -€13,748
down €13,748 (-31.0%), from €44,343 to €30,595
- Receivables within one year -€9,589
down €9,589 (-63.5%), from €15,110 to €5,521
of which Trade receivables: -€9,312
- Cash +€7,935
up €7,935 (+9.0%), from €88,116 to €96,051
mainly Depreciation (+€13,748) and Receivables within one year (+€9,589)
- Profit (loss) carried forward -€9,138
down €9,138 (-31.1%), from €29,418 to €20,281
- Investment grants -€3,412
down €3,412 (-31.6%), from €10,803 to €7,392
- Trade debts -€2,431
down €2,431 (-42.4%), from €5,729 to €3,298
- Gross operating margin -€11,453
down €11,453 (-89.9%), from €12,734 to €1,281
- Turnover -€4,785
down €4,785 (-32.4%), from €14,779 to €9,994
- Purchases and services +€1,319
up €1,319 (+17.8%), from €7,394 to €8,713
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,336 | €133,441 | -€14,895 | -10.0% |
| Fixed assets | 21/28 | €44,343 | €30,595 | -€13,748 | -31.0% |
| Tangible fixed assets | 22/27 | €44,343 | €30,595 | -€13,748 | -31.0% |
| Land and buildings | 22 | €44,343 | €30,595 | -€13,748 | -31.0% |
| Current assets | 29/58 | €103,993 | €102,847 | -€1,146 | -1.1% |
| Amounts receivable within one year | 40/41 | €15,110 | €5,521 | -€9,589 | -63.5% |
| Trade receivables | 40 | €14,282 | €4,970 | -€9,312 | -65.2% |
| Other amounts receivable | 41 | €828 | €551 | -€277 | -33.5% |
| Cash at bank and in hand | 54/58 | €88,116 | €96,051 | +€7,935 | +9.0% |
| Deferred charges and accrued income | 490/1 | €767 | €1,276 | +€508 | +66.2% |
| Total equity and liabilities | 10/49 | €148,336 | €133,441 | -€14,895 | -10.0% |
| Equity | 10/15 | €65,221 | €52,672 | -€12,549 | -19.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,418 | €20,281 | -€9,138 | -31.1% |
| Investment grants | 15 | €10,803 | €7,392 | -€3,412 | -31.6% |
| Amounts payable | 17/49 | €83,115 | €80,769 | -€2,346 | -2.8% |
| Amounts payable within one year | 42/48 | €83,115 | €80,769 | -€2,346 | -2.8% |
| Trade debts | 44 | €5,729 | €3,298 | -€2,431 | -42.4% |
| Suppliers | 440/4 | €5,729 | €3,298 | -€2,431 | -42.4% |
| Other amounts payable | 47/48 | €77,386 | €77,471 | +€86 | +0.1% |
| Turnover | 70 | €14,779 | €9,994 | -€4,785 | -32.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,394 | €8,713 | +€1,319 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,748 | €13,748 | = | 0.0% |
| Other operating charges | 640/8 | €48 | €37 | -€11 | -22.6% |
| Gross operating margin | 9900 | €12,734 | €1,281 | -€11,453 | -89.9% |
| Operating profit (loss) | 9901 | -€1,062 | -€12,504 | -€11,442 | -1077.4% |
| Financial income | 75/76B | €3,412 | €3,412 | = | 0.0% |
| Recurring financial income | 75 | €3,412 | €3,412 | = | 0.0% |
| Financial charges | 65/66B | €91 | €45 | -€46 | -50.5% |
| Recurring financial charges | 65 | €91 | €45 | -€46 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €2,258 | -€9,138 | -€11,396 | |
| Profit (loss) for the period | 9904 | €2,258 | -€9,138 | -€11,396 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,258 | -€9,138 | -€11,396 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.