WALBETON: 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.
WALBETON
Largest movements
- Tangible fixed assets +€288,909
up €288,909 (+89.4%), from €323,065 to €611,974
of which Leasing and similar rights: +€302,094
- Deferred charges and accrued income -€84,542
down €84,542 (-88.8%), from €95,189 to €10,647
- Cash +€62,714
up €62,714 (+29.9%), from €210,016 to €272,730
mainly Debts after one year (+€221,958) and Net result for the year (+€173,838)
- Receivables within one year -€42,257
down €42,257 (-6.9%), from €610,583 to €568,326
of which Other amounts receivable: -€49,688
- Debts after one year +€221,958
up €221,958 (+105%), from €210,711 to €432,669
- Trade debts -€219,864
down €219,864 (-33.9%), from €647,763 to €427,899
of which Suppliers: -€129,234
- Reserves +€173,838
up €173,838 (+65.4%), from €265,744 to €439,582
- Current portion of long-term debt +€63,691
up €63,691 (+128%), from €49,869 to €113,561
- Accrued charges and deferred income -€41,405
no longer reported in 2025 (was €41,405)
- Staff costs +€103,399
up €103,399 (+117%), from €88,689 to €192,088
- Gross operating margin +€91,601
up €91,601 (+22.1%), from €413,936 to €505,537
- Depreciation +€36,016
up €36,016 (+93.2%), from €38,662 to €74,677
- Taxes -€28,363
down €28,363 (-39.4%), from €71,969 to €43,606
- Write-downs +€5,593
new in 2025: €5,593
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 | €1,240,221 | €1,465,890 | +€225,669 | +18.2% |
| Fixed assets | 21/28 | €324,433 | €614,186 | +€289,754 | +89.3% |
| Intangible fixed assets | 21 | €1,368 | €2,213 | +€845 | +61.8% |
| Tangible fixed assets | 22/27 | €323,065 | €611,974 | +€288,909 | +89.4% |
| Land and buildings | 22 | €176,354 | €162,874 | -€13,479 | -7.6% |
| Plant, machinery and equipment | 23 | €58,473 | €53,671 | -€4,803 | -8.2% |
| Furniture and vehicles | 24 | €7,823 | €13,802 | +€5,979 | +76.4% |
| Leasing and similar rights | 25 | €59,476 | €361,570 | +€302,094 | +508% |
| Other tangible fixed assets | 26 | €20,939 | €20,056 | -€883 | -4.2% |
| Current assets | 29/58 | €915,788 | €851,704 | -€64,085 | -7.0% |
| Amounts receivable within one year | 40/41 | €610,583 | €568,326 | -€42,257 | -6.9% |
| Trade receivables | 40 | €524,458 | €531,890 | +€7,432 | +1.4% |
| Other amounts receivable | 41 | €86,125 | €36,437 | -€49,688 | -57.7% |
| Cash at bank and in hand | 54/58 | €210,016 | €272,730 | +€62,714 | +29.9% |
| Deferred charges and accrued income | 490/1 | €95,189 | €10,647 | -€84,542 | -88.8% |
| Total equity and liabilities | 10/49 | €1,240,221 | €1,465,890 | +€225,669 | +18.2% |
| Equity | 10/15 | €285,744 | €459,582 | +€173,838 | +60.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €265,744 | €439,582 | +€173,838 | +65.4% |
| Distributable reserves | 133 | €265,744 | €439,582 | +€173,838 | +65.4% |
| Amounts payable | 17/49 | €954,477 | €1,006,308 | +€51,831 | +5.4% |
| Amounts payable after more than one year | 17 | €210,711 | €432,669 | +€221,958 | +105% |
| Financial debts | 170/4 | €210,711 | €432,669 | +€221,958 | +105% |
| Amounts payable within one year | 42/48 | €702,361 | €573,640 | -€128,722 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €49,869 | €113,561 | +€63,691 | +128% |
| Trade debts | 44 | €647,763 | €427,899 | -€219,864 | -33.9% |
| Suppliers | 440/4 | €557,133 | €427,899 | -€129,234 | -23.2% |
| Bills of exchange payable | 441 | €90,630 | - | -€90,630 | |
| Advances received on contracts in progress | 46 | €1,821 | €4,140 | +€2,319 | +127% |
| Taxes, remuneration and social security | 45 | €2,907 | €28,040 | +€25,132 | +864% |
| Taxes | 450/3 | €975 | €6,752 | +€5,777 | +592% |
| Remuneration and social security | 454/9 | €1,932 | €21,287 | +€19,355 | +1,002% |
| Accrued charges and deferred income | 492/3 | €41,405 | - | -€41,405 | |
| Non-recurring operating income | 76A | €2 | €180 | +€178 | +8,286% |
| Remuneration, social security and pensions | 62 | €88,689 | €192,088 | +€103,399 | +117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,662 | €74,677 | +€36,016 | +93.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,593 | +€5,593 | |
| Other operating charges | 640/8 | €3,163 | €3,198 | +€34 | +1.1% |
| Non-recurring operating charges | 66A | €5,178 | €350 | -€4,828 | -93.2% |
| Gross operating margin | 9900 | €413,936 | €505,537 | +€91,601 | +22.1% |
| Operating profit (loss) | 9901 | €278,244 | €229,632 | -€48,613 | -17.5% |
| Financial income | 75/76B | €4,346 | €1,177 | -€3,169 | -72.9% |
| Recurring financial income | 75 | €4,346 | €1,177 | -€3,169 | -72.9% |
| Financial charges | 65/66B | €8,564 | €13,365 | +€4,801 | +56.1% |
| Recurring financial charges | 65 | €8,564 | €13,365 | +€4,801 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | €274,027 | €217,444 | -€56,583 | -20.6% |
| Income taxes | 67/77 | €71,969 | €43,606 | -€28,363 | -39.4% |
| Profit (loss) for the period | 9904 | €202,058 | €173,838 | -€28,220 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €202,058 | €173,838 | -€28,220 | -14.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.