WAL & EL: 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 & EL
Largest movements
- Tangible fixed assets -€7,600
no longer reported in 2025 (was €7,600)
- Receivables within one year -€1,070
down €1,070 (-89.2%), from €1,200 to €130
- Cash -€369
down €369 (-60.2%), from €614 to €245
mainly Net result for the year (-€22,107) and Trade debts (-€330)
- Profit (loss) carried forward -€22,107
down €22,107 (-72.8%), from -€30,376 to -€52,483
- Tax, wage and social debts +€13,246
up €13,246 (+217.4%), from €6,094 to €19,340
of which Remuneration and social security: +€12,447
- Trade debts -€330
no longer reported in 2025 (was €330)
- Other debts +€152
up €152 (+0.6%), from €25,666 to €25,817
- Purchases and services -€34,019
no longer reported in 2025 (was €34,019)
- Turnover -€17,140
down €17,140 (-85.1%), from €20,140 to €3,000
- Staff costs -€12,386
no longer reported in 2025 (was €12,386)
- Gross operating margin -€6,706
down €6,706 (-48.3%), from -€13,878 to -€20,584
- Financial charges +€5,107
up €5,107 (+6281.3%), from €81 to €5,188
of which Non-recurring financial charges: +€5,121
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 | €9,414 | €375 | -€9,039 | -96.0% |
| Fixed assets | 21/28 | €7,600 | - | -€7,600 | |
| Tangible fixed assets | 22/27 | €7,600 | - | -€7,600 | |
| Furniture and vehicles | 24 | €7,600 | - | -€7,600 | |
| Current assets | 29/58 | €1,814 | €375 | -€1,439 | -79.3% |
| Amounts receivable within one year | 40/41 | €1,200 | €130 | -€1,070 | -89.2% |
| Trade receivables | 40 | €1,200 | €130 | -€1,070 | -89.2% |
| Cash at bank and in hand | 54/58 | €614 | €245 | -€369 | -60.2% |
| Total equity and liabilities | 10/49 | €9,414 | €375 | -€9,039 | -96.0% |
| Equity | 10/15 | -€22,676 | -€44,783 | -€22,107 | -97.5% |
| Contributions | 10/11 | €7,700 | €7,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,376 | -€52,483 | -€22,107 | -72.8% |
| Amounts payable | 17/49 | €32,090 | €45,157 | +€13,067 | +40.7% |
| Amounts payable within one year | 42/48 | €32,090 | €45,157 | +€13,067 | +40.7% |
| Trade debts | 44 | €330 | - | -€330 | |
| Suppliers | 440/4 | €330 | - | -€330 | |
| Taxes, remuneration and social security | 45 | €6,094 | €19,340 | +€13,246 | +217.4% |
| Taxes | 450/3 | €2,640 | €3,439 | +€799 | +30.3% |
| Remuneration and social security | 454/9 | €3,454 | €15,901 | +€12,447 | +360.3% |
| Other amounts payable | 47/48 | €25,666 | €25,817 | +€152 | +0.6% |
| Turnover | 70 | €20,140 | €3,000 | -€17,140 | -85.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €34,019 | - | -€34,019 | |
| Remuneration, social security and pensions | 62 | €12,386 | - | -€12,386 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,200 | - | -€2,200 | |
| Other operating charges | 640/8 | €207 | - | -€207 | |
| Gross operating margin | 9900 | -€13,878 | -€20,584 | -€6,706 | -48.3% |
| Operating profit (loss) | 9901 | -€28,671 | -€20,584 | +€8,087 | +28.2% |
| Financial income | 75/76B | - | €3,665 | +€3,665 | |
| Recurring financial income | 75 | - | €3,665 | +€3,665 | |
| Non-recurring financial income | 76B | - | €3,665 | +€3,665 | |
| Financial charges | 65/66B | €81 | €5,188 | +€5,107 | +6281.3% |
| Recurring financial charges | 65 | €81 | €67 | -€14 | -17.2% |
| Non-recurring financial charges | 66B | - | €5,121 | +€5,121 | |
| Profit (loss) for the period before taxes | 9903 | -€28,752 | -€22,107 | +€6,646 | +23.1% |
| Profit (loss) for the period | 9904 | -€28,752 | -€22,107 | +€6,646 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,752 | -€22,107 | +€6,646 | +23.1% |
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 5 October 2026 via checked.be.