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
- Deferred charges and accrued income +€19,497
up €19,497 (+263.5%), from €7,400 to €26,897
- Tangible fixed assets -€12,148
down €12,148 (-10.0%), from €121,080 to €108,932
- Cash -€9,655
down €9,655 (-99.4%), from €9,716 to €62
mainly Deferred charges and accrued income (-€19,497) and Other debts (-€11,000)
- Other debts -€11,000
down €11,000 (-2.7%), from €406,154 to €395,154
- Debts after one year +€8,400
new in 2025: €8,400
- Gross operating margin +€16,237
up €16,237 (+427.7%), from €3,796 to €20,033
- Other operating charges +€274
up €274 (+3.4%), from €8,088 to €8,362
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 | €138,196 | €135,891 | -€2,305 | -1.7% |
| Fixed assets | 21/28 | €121,080 | €108,932 | -€12,148 | -10.0% |
| Tangible fixed assets | 22/27 | €121,080 | €108,932 | -€12,148 | -10.0% |
| Land and buildings | 22 | €121,080 | €108,932 | -€12,148 | -10.0% |
| Current assets | 29/58 | €17,116 | €26,959 | +€9,842 | +57.5% |
| Cash at bank and in hand | 54/58 | €9,716 | €62 | -€9,655 | -99.4% |
| Deferred charges and accrued income | 490/1 | €7,400 | €26,897 | +€19,497 | +263.5% |
| Total equity and liabilities | 10/49 | €138,196 | €135,891 | -€2,305 | -1.7% |
| Equity | 10/15 | -€267,988 | -€268,509 | -€521 | -0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €23,436 | €23,436 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €23,436 | €23,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€310,016 | -€310,537 | -€521 | -0.2% |
| Amounts payable | 17/49 | €406,184 | €404,400 | -€1,784 | -0.4% |
| Amounts payable after more than one year | 17 | - | €8,400 | +€8,400 | |
| Other amounts payable | 178/9 | - | €8,400 | +€8,400 | |
| Amounts payable within one year | 42/48 | €406,184 | €396,000 | -€10,184 | -2.5% |
| Trade debts | 44 | €30 | €846 | +€816 | +2720.4% |
| Suppliers | 440/4 | €30 | €846 | +€816 | +2720.4% |
| Other amounts payable | 47/48 | €406,154 | €395,154 | -€11,000 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,148 | €12,148 | -€0 | 0.0% |
| Other operating charges | 640/8 | €8,088 | €8,362 | +€274 | +3.4% |
| Gross operating margin | 9900 | €3,796 | €20,033 | +€16,237 | +427.7% |
| Operating profit (loss) | 9901 | -€16,439 | -€476 | +€15,963 | +97.1% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,484 | -€521 | +€15,963 | +96.8% |
| Profit (loss) for the period | 9904 | -€16,484 | -€521 | +€15,963 | +96.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,484 | -€521 | +€15,963 | +96.8% |
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 7 October 2026 via checked.be.