WALCO: 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.
WALCO
Largest movements
- Tangible fixed assets -€51,582
down €51,582 (-12.4%), from €415,894 to €364,312
of which Furniture and vehicles: -€26,249
- Cash +€9,923
up €9,923 (+20.5%), from €48,296 to €58,219
mainly Depreciation (+€51,582) and Net result for the year (+€2,172)
- Trade debts -€15,465
down €15,465 (-56.3%), from €27,465 to €12,000
- Other debts -€9,873
down €9,873 (-2.8%), from €355,456 to €345,583
- Current portion of long-term debt -€9,139
down €9,139 (-58.0%), from €15,767 to €6,627
- Debts after one year -€6,627
no longer reported in 2025 (was €6,627)
- Gross operating margin +€4,854
up €4,854 (+8.0%), from €60,951 to €65,805
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 | €464,235 | €425,302 | -€38,933 | -8.4% |
| Fixed assets | 21/28 | €415,894 | €364,312 | -€51,582 | -12.4% |
| Tangible fixed assets | 22/27 | €415,894 | €364,312 | -€51,582 | -12.4% |
| Land and buildings | 22 | €357,512 | €332,636 | -€24,877 | -7.0% |
| Plant, machinery and equipment | 23 | €993 | €537 | -€456 | -45.9% |
| Furniture and vehicles | 24 | €57,389 | €31,140 | -€26,249 | -45.7% |
| Current assets | 29/58 | €48,341 | €60,990 | +€12,649 | +26.2% |
| Amounts receivable within one year | 40/41 | €45 | €2,770 | +€2,726 | +6066.2% |
| Trade receivables | 40 | - | €2,701 | +€2,701 | |
| Other amounts receivable | 41 | €45 | €69 | +€25 | +54.5% |
| Cash at bank and in hand | 54/58 | €48,296 | €58,219 | +€9,923 | +20.5% |
| Total equity and liabilities | 10/49 | €464,235 | €425,302 | -€38,933 | -8.4% |
| Equity | 10/15 | €58,920 | €61,092 | +€2,172 | +3.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,829 | €11,001 | +€2,172 | +24.6% |
| Tax-exempt reserves | 132 | €6,553 | €6,553 | = | 0.0% |
| Distributable reserves | 133 | €2,276 | €4,448 | +€2,172 | +95.4% |
| Profit (loss) carried forward | 14 | €31,499 | €31,499 | = | 0.0% |
| Amounts payable | 17/49 | €405,316 | €364,210 | -€41,105 | -10.1% |
| Amounts payable after more than one year | 17 | €6,627 | - | -€6,627 | |
| Financial debts | 170/4 | €6,627 | - | -€6,627 | |
| Amounts payable within one year | 42/48 | €398,688 | €364,210 | -€34,478 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €15,767 | €6,627 | -€9,139 | -58.0% |
| Trade debts | 44 | €27,465 | €12,000 | -€15,465 | -56.3% |
| Suppliers | 440/4 | €27,465 | €12,000 | -€15,465 | -56.3% |
| Other amounts payable | 47/48 | €355,456 | €345,583 | -€9,873 | -2.8% |
| Non-recurring operating income | 76A | - | €1,872 | +€1,872 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,582 | €51,582 | = | 0.0% |
| Other operating charges | 640/8 | €11,041 | €11,381 | +€340 | +3.1% |
| Gross operating margin | 9900 | €60,951 | €65,805 | +€4,854 | +8.0% |
| Operating profit (loss) | 9901 | -€1,671 | €2,842 | +€4,513 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €687 | €510 | -€177 | -25.7% |
| Recurring financial charges | 65 | €687 | €510 | -€177 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,358 | €2,332 | +€4,690 | |
| Income taxes | 67/77 | €170 | €160 | -€10 | -5.8% |
| Profit (loss) for the period | 9904 | -€2,528 | €2,172 | +€4,700 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,528 | €2,172 | +€4,700 |
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 4 October 2026 via checked.be.