WALBY: 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.
WALBY
Largest movements
- Cash +€435,327
up €435,327 (+73.9%), from €588,954 to €1.0m
mainly Investment in fixed assets (net) (+€286,564) and Other debts (+€191,344)
- Tangible fixed assets -€355,259
down €355,259 (-15.4%), from €2.3m to €2.0m
of which Land and buildings: -€354,659
- Accrued charges and deferred income -€197,344
no longer reported in 2025 (was €197,344)
- Other debts +€191,344
new in 2025: €191,344
- Profit (loss) carried forward +€84,459
up €84,459 (+6.4%), from €1.3m to €1.4m
- Gross operating margin +€134,145
up €134,145 (+265.2%), from €50,585 to €184,730
- Purchases and services -€31,309
no longer reported in 2025 (was €31,309)
- Taxes -€25,839
down €25,839 (-49.0%), from €52,760 to €26,921
- Financial income -€17,834
down €17,834 (-87.9%), from €20,285 to €2,451
- Other operating charges -€4,911
down €4,911 (-41.0%), from €11,966 to €7,055
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 | €2,898,394 | €2,977,995 | +€79,601 | +2.7% |
| Fixed assets | 21/28 | €2,308,973 | €1,953,714 | -€355,259 | -15.4% |
| Tangible fixed assets | 22/27 | €2,308,973 | €1,953,714 | -€355,259 | -15.4% |
| Land and buildings | 22 | €2,306,573 | €1,951,914 | -€354,659 | -15.4% |
| Furniture and vehicles | 24 | €2,400 | €1,800 | -€600 | -25.0% |
| Current assets | 29/58 | €589,421 | €1,024,281 | +€434,860 | +73.8% |
| Amounts receivable within one year | 40/41 | €467 | - | -€467 | |
| Other amounts receivable | 41 | €467 | - | -€467 | |
| Cash at bank and in hand | 54/58 | €588,954 | €1,024,281 | +€435,327 | +73.9% |
| Total equity and liabilities | 10/49 | €2,898,394 | €2,977,995 | +€79,601 | +2.7% |
| Equity | 10/15 | €2,701,050 | €2,785,509 | +€84,459 | +3.1% |
| Contributions | 10/11 | €1,256,000 | €1,256,000 | = | 0.0% |
| Capital | 10 | €1,256,000 | €1,256,000 | = | 0.0% |
| Issued capital | 100 | €1,256,000 | €1,256,000 | = | 0.0% |
| Reserves | 13 | €125,600 | €125,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €125,600 | €125,600 | = | 0.0% |
| Legal reserve | 130 | €125,600 | €125,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,319,450 | €1,403,909 | +€84,459 | +6.4% |
| Amounts payable | 17/49 | €197,344 | €192,486 | -€4,858 | -2.5% |
| Amounts payable within one year | 42/48 | - | €192,486 | +€192,486 | |
| Trade debts | 44 | - | €1,142 | +€1,142 | |
| Suppliers | 440/4 | - | €1,142 | +€1,142 | |
| Other amounts payable | 47/48 | - | €191,344 | +€191,344 | |
| Accrued charges and deferred income | 492/3 | €197,344 | - | -€197,344 | |
| Non-recurring operating income | 76A | - | €152,711 | +€152,711 | |
| Goods, raw materials, services and sundry goods | 60/61 | €31,309 | - | -€31,309 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,695 | €68,695 | = | 0.0% |
| Other operating charges | 640/8 | €11,966 | €7,055 | -€4,911 | -41.0% |
| Gross operating margin | 9900 | €50,585 | €184,730 | +€134,145 | +265.2% |
| Operating profit (loss) | 9901 | -€30,076 | €108,980 | +€139,056 | |
| Financial income | 75/76B | €20,285 | €2,451 | -€17,834 | -87.9% |
| Recurring financial income | 75 | €20,285 | €2,451 | -€17,834 | -87.9% |
| Financial charges | 65/66B | - | €51 | +€51 | |
| Recurring financial charges | 65 | - | €51 | +€51 | |
| Profit (loss) for the period before taxes | 9903 | -€9,791 | €111,380 | +€121,171 | |
| Income taxes | 67/77 | €52,760 | €26,921 | -€25,839 | -49.0% |
| Profit (loss) for the period | 9904 | -€62,551 | €84,459 | +€147,010 | |
| Profit (loss) for the period to be appropriated | 9905 | -€62,551 | €84,459 | +€147,010 |
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 5 October 2026 via checked.be.