WALAHO: 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.
WALAHO
Largest movements
- Tangible fixed assets -€21,460
down €21,460 (-4.6%), from €465,461 to €444,001
of which Land and buildings: -€18,803
- Cash +€8,188
up €8,188 (+462.3%), from €1,771 to €9,959
mainly Depreciation (+€23,050) and Net result for the year (+€20,896)
- Receivables within one year -€6,000
no longer reported in 2025 (was €6,000)
- Debts after one year -€55,959
down €55,959 (-48.4%), from €115,608 to €59,649
- Profit (loss) carried forward +€20,896
up €20,896 (+62.8%), from €33,287 to €54,183
- Current portion of long-term debt +€10,383
up €10,383 (+27.8%), from €37,286 to €47,670
- Trade debts +€6,000
up €6,000 (+165.5%), from €3,624 to €9,624
- Gross operating margin +€19,024
up €19,024 (+45.7%), from €41,582 to €60,605
- Financial charges -€2,079
down €2,079 (-24.5%), from €8,498 to €6,418
- Other operating charges +€737
up €737 (+7.7%), from €9,505 to €10,242
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 | €474,623 | €454,640 | -€19,984 | -4.2% |
| Fixed assets | 21/28 | €466,141 | €444,681 | -€21,460 | -4.6% |
| Tangible fixed assets | 22/27 | €465,461 | €444,001 | -€21,460 | -4.6% |
| Land and buildings | 22 | €456,155 | €437,353 | -€18,803 | -4.1% |
| Other tangible fixed assets | 26 | €9,305 | €6,649 | -€2,657 | -28.6% |
| Financial fixed assets | 28 | €680 | €680 | = | 0.0% |
| Current assets | 29/58 | €8,483 | €9,959 | +€1,476 | +17.4% |
| Amounts receivable within one year | 40/41 | €6,000 | - | -€6,000 | |
| Other amounts receivable | 41 | €6,000 | - | -€6,000 | |
| Cash at bank and in hand | 54/58 | €1,771 | €9,959 | +€8,188 | +462.3% |
| Deferred charges and accrued income | 490/1 | €711 | - | -€711 | |
| Total equity and liabilities | 10/49 | €474,623 | €454,640 | -€19,984 | -4.2% |
| Equity | 10/15 | €41,347 | €62,243 | +€20,896 | +50.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,287 | €54,183 | +€20,896 | +62.8% |
| Amounts payable | 17/49 | €433,276 | €392,397 | -€40,879 | -9.4% |
| Amounts payable after more than one year | 17 | €115,608 | €59,649 | -€55,959 | -48.4% |
| Financial debts | 170/4 | €115,608 | €59,649 | -€55,959 | -48.4% |
| Amounts payable within one year | 42/48 | €313,513 | €332,748 | +€19,235 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €37,286 | €47,670 | +€10,383 | +27.8% |
| Trade debts | 44 | €3,624 | €9,624 | +€6,000 | +165.5% |
| Suppliers | 440/4 | €3,624 | €9,624 | +€6,000 | +165.5% |
| Other amounts payable | 47/48 | €272,602 | €275,455 | +€2,852 | +1.0% |
| Accrued charges and deferred income | 492/3 | €4,156 | - | -€4,156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,006 | €23,050 | +€44 | +0.2% |
| Other operating charges | 640/8 | €9,505 | €10,242 | +€737 | +7.7% |
| Gross operating margin | 9900 | €41,582 | €60,605 | +€19,024 | +45.7% |
| Operating profit (loss) | 9901 | €9,070 | €27,314 | +€18,243 | +201.1% |
| Financial charges | 65/66B | €8,498 | €6,418 | -€2,079 | -24.5% |
| Recurring financial charges | 65 | €8,498 | €6,418 | -€2,079 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €573 | €20,896 | +€20,323 | +3547.3% |
| Profit (loss) for the period | 9904 | €573 | €20,896 | +€20,323 | +3547.3% |
| Profit (loss) for the period to be appropriated | 9905 | €573 | €20,896 | +€20,323 | +3547.3% |
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 9 October 2026 via checked.be.