WALB'AIR: 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.
WALB'AIR
Largest movements
- Tangible fixed assets -€7,227
down €7,227 (-10.0%), from €72,090 to €64,863
of which Other tangible fixed assets: -€8,237
- Receivables after one year -€7,000
down €7,000 (-15.9%), from €44,000 to €37,000
- Deferred charges and accrued income +€1,315
up €1,315 (+59.2%), from €2,220 to €3,535
- Receivables within one year +€1,248
up €1,248 (+192.8%), from €647 to €1,895
of which Trade receivables: +€960
- Tax, wage and social debts +€33,808
up €33,808 (+1493.9%), from €2,263 to €36,071
- Trade debts -€30,885
down €30,885 (-91.7%), from €33,692 to €2,807
- Profit (loss) carried forward -€15,288
down €15,288 (-81.6%), from -€18,739 to -€34,027
- Gross operating margin +€21,806
up €21,806, from -€6,805 to €15,001
- Taxes +€11,458
up €11,458, from -€3,300 to €8,158
- Financial charges +€8,899
up €8,899 (+1758.5%), from €506 to €9,405
- Other operating charges -€1,668
down €1,668 (-72.4%), from €2,304 to €636
- Depreciation -€705
down €705 (-5.1%), from €13,837 to €13,132
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 | €119,182 | €107,292 | -€11,890 | -10.0% |
| Fixed assets | 21/28 | €72,090 | €64,863 | -€7,227 | -10.0% |
| Tangible fixed assets | 22/27 | €72,090 | €64,863 | -€7,227 | -10.0% |
| Plant, machinery and equipment | 23 | €478 | €47 | -€431 | -90.1% |
| Furniture and vehicles | 24 | €2,358 | €3,798 | +€1,440 | +61.1% |
| Other tangible fixed assets | 26 | €69,254 | €61,017 | -€8,237 | -11.9% |
| Current assets | 29/58 | €47,092 | €42,429 | -€4,663 | -9.9% |
| Amounts receivable after more than one year | 29 | €44,000 | €37,000 | -€7,000 | -15.9% |
| Trade receivables | 290 | €44,000 | €37,000 | -€7,000 | -15.9% |
| Amounts receivable within one year | 40/41 | €647 | €1,895 | +€1,248 | +192.8% |
| Trade receivables | 40 | €467 | €1,428 | +€960 | +205.6% |
| Other amounts receivable | 41 | €180 | €467 | +€287 | +159.5% |
| Cash at bank and in hand | 54/58 | €225 | €0 | -€225 | -100.0% |
| Deferred charges and accrued income | 490/1 | €2,220 | €3,535 | +€1,315 | +59.2% |
| Total equity and liabilities | 10/49 | €119,182 | €107,292 | -€11,890 | -10.0% |
| Equity | 10/15 | €81,795 | €66,507 | -€15,288 | -18.7% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €73,034 | €73,034 | = | 0.0% |
| Distributable reserves | 133 | €73,034 | €73,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,739 | -€34,027 | -€15,288 | -81.6% |
| Amounts payable | 17/49 | €37,388 | €40,786 | +€3,398 | +9.1% |
| Amounts payable within one year | 42/48 | €37,388 | €40,786 | +€3,398 | +9.1% |
| Trade debts | 44 | €33,692 | €2,807 | -€30,885 | -91.7% |
| Suppliers | 440/4 | €33,692 | €2,807 | -€30,885 | -91.7% |
| Taxes, remuneration and social security | 45 | €2,263 | €36,071 | +€33,808 | +1493.9% |
| Taxes | 450/3 | €2,263 | €36,071 | +€33,808 | +1493.9% |
| Other amounts payable | 47/48 | €1,433 | €1,907 | +€474 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,837 | €13,132 | -€705 | -5.1% |
| Other operating charges | 640/8 | €2,304 | €636 | -€1,668 | -72.4% |
| Gross operating margin | 9900 | -€6,805 | €15,001 | +€21,806 | |
| Operating profit (loss) | 9901 | -€22,946 | €1,233 | +€24,179 | |
| Financial income | 75/76B | €1,413 | €1,043 | -€370 | -26.2% |
| Recurring financial income | 75 | €1,413 | €1,043 | -€370 | -26.2% |
| Financial charges | 65/66B | €506 | €9,405 | +€8,899 | +1758.5% |
| Recurring financial charges | 65 | €506 | €9,405 | +€8,899 | +1758.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,039 | -€7,130 | +€14,910 | +67.7% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | -€3,300 | €8,158 | +€11,458 | |
| Profit (loss) for the period | 9904 | -€18,739 | -€15,288 | +€3,451 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,739 | -€15,288 | +€3,451 | +18.4% |
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 12 October 2026 via checked.be.