WALCA: 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.
What changed
WALCA
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€889,817
2024 · €1.1m-€217,998
Equity
€7.1m
2024 · €6.2m+€839,817
Cash
€226,111
2024 · €215,442+€10,669
Balance sheet total
€8.2m
2024 · €8.3m-€116,374
Largest movements
Assets
- Current investments -€120,401
down €120,401 (-11.0%), from €1.1m to €976,578
Equity and liabilities
- Reserves +€839,817
up €839,817 (+17.2%), from €4.9m to €5.7m
of which Distributable reserves: +€839,817
- Debts after one year -€571,157
down €571,157 (-44.6%), from €1.3m to €709,334
- Other debts -€566,829
down €566,829 (-91.9%), from €616,829 to €50,000
- Tax, wage and social debts +€185,907
up €185,907 (+138.7%), from €134,080 to €319,987
of which Taxes: +€140,136
Income statement
- Turnover -€1.3m
no longer reported in 2025 (was €1.3m)
- Services and other goods -€557,787
no longer reported in 2025 (was €557,787)
- Gross operating margin +€482,337
new in 2025: €482,337
- Financial income +€56,336
up €56,336 (+6.5%), from €869,152 to €925,488
- Other operating income -€21,495
no longer reported in 2025 (was €21,495)
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.
Result 2024
€1.1m
Turnover
-€1.3m
Other operating income
-€21,495
Services and other goods
+€557,787
Staff costs
-€6,056
Depreciation
-€6,231
Other operating charges
-€125
Other operating items
+€482,337
Financial income
+€56,336
Financial charges
+€16,815
Taxes
-€20,913
Result 2025
€889,817
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.
From operations
+€511,424
Investment
+€120,401
Financing
-€621,157
Cash 2024
€215,442
From operations (derived)
+€511,424
Net result for the year
+€889,817
Depreciation
+€44,839
Receivables within one year
-€38,197
Trade debts
-€4,112
Tax, wage and social debts
+€185,907
Other debts
-€566,829
Investment (derived)
+€120,401
Current investments
+€120,401
Financing
-€621,157
Debts after one year
-€571,157
Contributions, distributions and other
-€50,000
Cash 2025
€226,111
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,271,210 | €8,154,836 | -€116,374 | -1.4% |
| Fixed assets | 21/28 | €5,765,563 | €5,720,725 | -€44,839 | -0.8% |
| Tangible fixed assets | 22/27 | €1,118,770 | €1,073,931 | -€44,839 | -4.0% |
| Land and buildings | 22 | €970,200 | €970,200 | = | 0.0% |
| Furniture and vehicles | 24 | €148,570 | €103,731 | -€44,839 | -30.2% |
| Financial fixed assets | 28 | €4,646,793 | €4,646,793 | = | 0.0% |
| Affiliated companies | 280/1 | €4,646,793 | - | -€4.6m | |
| Participating interests | 280 | €4,646,793 | - | -€4.6m | |
| Current assets | 29/58 | €2,505,647 | €2,434,111 | -€71,536 | -2.9% |
| Amounts receivable after more than one year | 29 | €870,000 | €870,000 | = | 0.0% |
| Other amounts receivable | 291 | €870,000 | €870,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €323,225 | €361,422 | +€38,197 | +11.8% |
| Trade receivables | 40 | €255,736 | €255,711 | -€25 | 0.0% |
| Other amounts receivable | 41 | €67,489 | €105,712 | +€38,222 | +56.6% |
| Current investments | 50/53 | €1,096,979 | €976,578 | -€120,401 | -11.0% |
| Other investments | 51/53 | €1,096,979 | - | -€1.1m | |
| Cash at bank and in hand | 54/58 | €215,442 | €226,111 | +€10,669 | +5.0% |
| Total equity and liabilities | 10/49 | €8,271,210 | €8,154,836 | -€116,374 | -1.4% |
| Equity | 10/15 | €6,227,846 | €7,067,663 | +€839,817 | +13.5% |
| Contributions | 10/11 | €1,345,895 | €1,345,895 | = | 0.0% |
| Reserves | 13 | €4,881,951 | €5,721,768 | +€839,817 | +17.2% |
| Tax-exempt reserves | 132 | €7,026 | €7,026 | = | 0.0% |
| Distributable reserves | 133 | €4,874,926 | €5,714,742 | +€839,817 | +17.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,043,364 | €1,087,173 | -€956,191 | -46.8% |
| Amounts payable after more than one year | 17 | €1,280,491 | €709,334 | -€571,157 | -44.6% |
| Other amounts payable | 178/9 | €1,280,491 | €709,334 | -€571,157 | -44.6% |
| Amounts payable within one year | 42/48 | €762,873 | €377,839 | -€385,034 | -50.5% |
| Trade debts | 44 | €11,964 | €7,852 | -€4,112 | -34.4% |
| Suppliers | 440/4 | €11,964 | €7,852 | -€4,112 | -34.4% |
| Taxes, remuneration and social security | 45 | €134,080 | €319,987 | +€185,907 | +138.7% |
| Taxes | 450/3 | €76,326 | €216,462 | +€140,136 | +183.6% |
| Remuneration and social security | 454/9 | €57,754 | €103,525 | +€45,771 | +79.3% |
| Other amounts payable | 47/48 | €616,829 | €50,000 | -€566,829 | -91.9% |
| Operating income | 70/76A | €1,297,948 | - | -€1.3m | |
| Turnover | 70 | €1,276,453 | - | -€1.3m | |
| Other operating income | 74 | €21,495 | - | -€21,495 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €881,996 | - | -€881,996 | |
| Services and other goods | 61 | €557,787 | - | -€557,787 | |
| Remuneration, social security and pensions | 62 | €283,900 | €289,956 | +€6,056 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,607 | €44,839 | +€6,231 | +16.1% |
| Other operating charges | 640/8 | €1,702 | €1,828 | +€125 | +7.4% |
| Gross operating margin | 9900 | - | €482,337 | +€482,337 | |
| Operating profit (loss) | 9901 | €415,952 | €145,715 | -€270,236 | -65.0% |
| Financial income | 75/76B | €869,152 | €925,488 | +€56,336 | +6.5% |
| Recurring financial income | 75 | €869,152 | €925,488 | +€56,336 | +6.5% |
| Income from financial fixed assets | 750 | €809,712 | - | -€809,712 | |
| Income from current assets | 751 | €15,764 | - | -€15,764 | |
| Other financial income | 752/9 | €43,676 | - | -€43,676 | |
| Financial charges | 65/66B | €77,188 | €60,372 | -€16,815 | -21.8% |
| Recurring financial charges | 65 | €77,188 | €60,372 | -€16,815 | -21.8% |
| Debt charges | 650 | €76,834 | - | -€76,834 | |
| Other financial charges | 652/9 | €353 | - | -€353 | |
| Profit (loss) for the period before taxes | 9903 | €1,207,916 | €1,010,830 | -€197,085 | -16.3% |
| Income taxes | 67/77 | €100,101 | €121,014 | +€20,913 | +20.9% |
| Taxes | 670/3 | €101,018 | - | -€101,018 | |
| Tax adjustments and reversals of tax provisions | 77 | €917 | - | -€917 | |
| Profit (loss) for the period | 9904 | €1,107,815 | €889,817 | -€217,998 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,107,815 | €889,817 | -€217,998 | -19.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.