WALBIN: 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.
WALBIN
Largest movements
- Receivables within one year +€37,420
up €37,420 (+1,429%), from €2,619 to €40,038
of which Trade receivables: +€33,148
- Cash -€18,897
down €18,897 (-96.7%), from €19,542 to €644
mainly Receivables within one year (-€37,420) and Net result for the year (-€13,255)
- Deferred charges and accrued income -€13,363
down €13,363 (-67.1%), from €19,905 to €6,542
- Tangible fixed assets -€2,891
down €2,891 (-21.8%), from €13,249 to €10,358
- Profit (loss) carried forward -€13,255
down €13,255 (-40.4%), from €32,822 to €19,567
- Trade debts +€9,724
up €9,724 (+944%), from €1,030 to €10,754
- Tax, wage and social debts +€3,083
up €3,083 (+18.2%), from €16,967 to €20,050
of which Taxes: +€7,583
- Accrued charges and deferred income +€1,805
up €1,805 (+91.2%), from €1,980 to €3,785
- Other debts +€911
up €911 (+45.2%), from €2,016 to €2,927
- Gross operating margin -€25,105
down €25,105, from €19,249 to -€5,856
- Depreciation +€3,880
up €3,880 (+258%), from €1,507 to €5,387
- Taxes -€3,490
down €3,490 (-96.4%), from €3,622 to €132
- Other operating charges +€1,271
up €1,271 (+808%), from €157 to €1,428
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 | €55,314 | €57,583 | +€2,268 | +4.1% |
| Fixed assets | 21/28 | €13,249 | €10,358 | -€2,891 | -21.8% |
| Tangible fixed assets | 22/27 | €13,249 | €10,358 | -€2,891 | -21.8% |
| Furniture and vehicles | 24 | €13,249 | €10,358 | -€2,891 | -21.8% |
| Current assets | 29/58 | €42,065 | €47,225 | +€5,159 | +12.3% |
| Amounts receivable within one year | 40/41 | €2,619 | €40,038 | +€37,420 | +1,429% |
| Trade receivables | 40 | €2,619 | €35,766 | +€33,148 | +1,266% |
| Other amounts receivable | 41 | - | €4,272 | +€4,272 | |
| Cash at bank and in hand | 54/58 | €19,542 | €644 | -€18,897 | -96.7% |
| Deferred charges and accrued income | 490/1 | €19,905 | €6,542 | -€13,363 | -67.1% |
| Total equity and liabilities | 10/49 | €55,314 | €57,583 | +€2,268 | +4.1% |
| Equity | 10/15 | €33,322 | €20,067 | -€13,255 | -39.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,822 | €19,567 | -€13,255 | -40.4% |
| Amounts payable | 17/49 | €21,992 | €37,516 | +€15,523 | +70.6% |
| Amounts payable within one year | 42/48 | €20,013 | €33,731 | +€13,718 | +68.5% |
| Trade debts | 44 | €1,030 | €10,754 | +€9,724 | +944% |
| Suppliers | 440/4 | €1,030 | €10,754 | +€9,724 | +944% |
| Taxes, remuneration and social security | 45 | €16,967 | €20,050 | +€3,083 | +18.2% |
| Taxes | 450/3 | €12,467 | €20,050 | +€7,583 | +60.8% |
| Remuneration and social security | 454/9 | €4,500 | - | -€4,500 | |
| Other amounts payable | 47/48 | €2,016 | €2,927 | +€911 | +45.2% |
| Accrued charges and deferred income | 492/3 | €1,980 | €3,785 | +€1,805 | +91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,507 | €5,387 | +€3,880 | +258% |
| Other operating charges | 640/8 | €157 | €1,428 | +€1,271 | +808% |
| Gross operating margin | 9900 | €19,249 | -€5,856 | -€25,105 | |
| Operating profit (loss) | 9901 | €17,586 | -€12,671 | -€30,257 | |
| Financial charges | 65/66B | €456 | €452 | -€4 | -0.8% |
| Recurring financial charges | 65 | €456 | €452 | -€4 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €17,130 | -€13,123 | -€30,253 | |
| Income taxes | 67/77 | €3,622 | €132 | -€3,490 | -96.4% |
| Profit (loss) for the period | 9904 | €13,508 | -€13,255 | -€26,763 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,508 | -€13,255 | -€26,763 |
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 17 October 2026 via checked.be.