WALARNICO: 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.
WALARNICO
Largest movements
- Cash +€28,861
up €28,861 (+6.6%), from €438,787 to €467,648
mainly Net result for the year (+€36,432) and Current portion of long-term debt (+€6,727)
- Reserves +€36,432
up €36,432 (+7.1%), from €515,201 to €551,633
of which Distributable reserves: +€38,292
- Tax, wage and social debts -€16,784
down €16,784 (-51.7%), from €32,445 to €15,661
of which Taxes: -€16,784
- Current portion of long-term debt +€6,727
new in 2025: €6,727
- Gross operating margin -€32,084
down €32,084 (-34.6%), from €92,778 to €60,694
- Taxes -€5,605
down €5,605 (-23.4%), from €23,936 to €18,332
- Other operating charges -€1,506
down €1,506 (-67.2%), from €2,240 to €734
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 | €563,215 | €592,249 | +€29,034 | +5.2% |
| Fixed assets | 21/28 | €110,002 | €108,055 | -€1,948 | -1.8% |
| Tangible fixed assets | 22/27 | €10,002 | €8,054 | -€1,948 | -19.5% |
| Plant, machinery and equipment | 23 | €1,622 | €886 | -€736 | -45.4% |
| Furniture and vehicles | 24 | €8,380 | €7,168 | -€1,212 | -14.5% |
| Financial fixed assets | 28 | €100,001 | €100,001 | = | 0.0% |
| Current assets | 29/58 | €453,213 | €484,194 | +€30,981 | +6.8% |
| Amounts receivable within one year | 40/41 | €10,046 | €12,053 | +€2,007 | +20.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,046 | €12,053 | +€2,007 | +20.0% |
| Cash at bank and in hand | 54/58 | €438,787 | €467,648 | +€28,861 | +6.6% |
| Deferred charges and accrued income | 490/1 | €4,380 | €4,493 | +€113 | +2.6% |
| Total equity and liabilities | 10/49 | €563,215 | €592,249 | +€29,034 | +5.2% |
| Equity | 10/15 | €527,601 | €564,033 | +€36,432 | +6.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €515,201 | €551,633 | +€36,432 | +7.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €513,341 | €551,633 | +€38,292 | +7.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €35,615 | €28,216 | -€7,399 | -20.8% |
| Amounts payable within one year | 42/48 | €35,615 | €28,216 | -€7,399 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,727 | +€6,727 | |
| Trade debts | 44 | €3,170 | €5,593 | +€2,423 | +76.4% |
| Suppliers | 440/4 | €3,170 | €5,593 | +€2,423 | +76.4% |
| Taxes, remuneration and social security | 45 | €32,445 | €15,661 | -€16,784 | -51.7% |
| Taxes | 450/3 | €29,425 | €12,641 | -€16,784 | -57.0% |
| Remuneration and social security | 454/9 | €3,020 | €3,020 | = | 0.0% |
| Other amounts payable | 47/48 | - | €235 | +€235 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,161 | €3,952 | -€208 | -5.0% |
| Other operating charges | 640/8 | €2,240 | €734 | -€1,506 | -67.2% |
| Gross operating margin | 9900 | €92,778 | €60,694 | -€32,084 | -34.6% |
| Operating profit (loss) | 9901 | €86,377 | €56,008 | -€30,369 | -35.2% |
| Financial income | 75/76B | €2,058 | €2,467 | +€410 | +19.9% |
| Recurring financial income | 75 | €2,058 | €2,467 | +€410 | +19.9% |
| Financial charges | 65/66B | €4,349 | €3,711 | -€639 | -14.7% |
| Recurring financial charges | 65 | €4,349 | €3,711 | -€639 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €84,085 | €54,764 | -€29,321 | -34.9% |
| Income taxes | 67/77 | €23,936 | €18,332 | -€5,605 | -23.4% |
| Profit (loss) for the period | 9904 | €60,149 | €36,432 | -€23,716 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,149 | €36,432 | -€23,716 | -39.4% |
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 4 October 2026 via checked.be.