WALA FORTITUDE: 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.
WALA FORTITUDE
Largest movements
- Receivables within one year -€20,935
down €20,935 (-42.3%), from €49,467 to €28,532
of which Trade receivables: -€14,091
- Tangible fixed assets -€833
down €833 (-10.1%), from €8,237 to €7,404
- Reserves -€17,502
no longer reported in 2025 (was €17,502)
- Trade debts -€5,020
down €5,020 (-51.9%), from €9,678 to €4,658
- Tax, wage and social debts +€1,022
up €1,022 (+4.0%), from €25,621 to €26,643
- Gross operating margin -€26,210
down €26,210, from €15,550 to -€10,660
- Taxes -€3,650
no longer reported in 2025 (was €3,650)
- Other operating charges +€2,894
up €2,894 (+62.2%), from €4,656 to €7,550
- Depreciation +€742
up €742 (+815%), from €91 to €833
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 | €57,800 | €35,936 | -€21,864 | -37.8% |
| Fixed assets | 21/28 | €8,237 | €7,404 | -€833 | -10.1% |
| Tangible fixed assets | 22/27 | €8,237 | €7,404 | -€833 | -10.1% |
| Land and buildings | 22 | €8,237 | €7,404 | -€833 | -10.1% |
| Current assets | 29/58 | €49,563 | €28,532 | -€21,031 | -42.4% |
| Amounts receivable within one year | 40/41 | €49,467 | €28,532 | -€20,935 | -42.3% |
| Trade receivables | 40 | €19,732 | €5,640 | -€14,091 | -71.4% |
| Other amounts receivable | 41 | €29,735 | €22,892 | -€6,844 | -23.0% |
| Cash at bank and in hand | 54/58 | €96 | - | -€96 | |
| Total equity and liabilities | 10/49 | €57,800 | €35,936 | -€21,864 | -37.8% |
| Equity | 10/15 | €22,502 | €4,614 | -€17,888 | -79.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,502 | - | -€17,502 | |
| Distributable reserves | 133 | €17,502 | - | -€17,502 | |
| Profit (loss) carried forward | 14 | - | -€386 | -€386 | |
| Amounts payable | 17/49 | €35,299 | €31,322 | -€3,976 | -11.3% |
| Amounts payable within one year | 42/48 | €35,299 | €31,322 | -€3,976 | -11.3% |
| Financial debts | 43 | - | €22 | +€22 | |
| Credit institutions | 430/8 | - | €22 | +€22 | |
| Trade debts | 44 | €9,678 | €4,658 | -€5,020 | -51.9% |
| Suppliers | 440/4 | €9,678 | €4,658 | -€5,020 | -51.9% |
| Taxes, remuneration and social security | 45 | €25,621 | €26,643 | +€1,022 | +4.0% |
| Taxes | 450/3 | €25,621 | €26,643 | +€1,022 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91 | €833 | +€742 | +815% |
| Other operating charges | 640/8 | €4,656 | €7,550 | +€2,894 | +62.2% |
| Gross operating margin | 9900 | €15,550 | -€10,660 | -€26,210 | |
| Operating profit (loss) | 9901 | €10,803 | -€19,043 | -€29,847 | |
| Financial income | 75/76B | €1,368 | €1,426 | +€58 | +4.3% |
| Recurring financial income | 75 | €1,368 | €1,426 | +€58 | +4.3% |
| Financial charges | 65/66B | €217 | €270 | +€53 | +24.6% |
| Recurring financial charges | 65 | €217 | €270 | +€53 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €11,954 | -€17,888 | -€29,842 | |
| Income taxes | 67/77 | €3,650 | - | -€3,650 | |
| Profit (loss) for the period | 9904 | €8,304 | -€17,888 | -€26,192 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,304 | -€17,888 | -€26,192 |
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 26 October 2026 via checked.be.