WALCO: 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.
WALCO
Largest movements
- Financial fixed assets +€143,055
up €143,055 (+11.9%), from €1.2m to €1.3m
- Cash -€34,230
down €34,230 (-52.1%), from €65,698 to €31,468
mainly Debts after one year (-€380,436) and Investment in fixed assets (net) (-€143,055)
- Tangible fixed assets -€24,572
down €24,572 (-5.0%), from €488,407 to €463,835
of which Land and buildings: -€12,545
- Debts after one year -€380,436
down €380,436 (-45.5%), from €836,316 to €455,880
of which Financial debts: -€397,236
- Reserves +€324,956
up €324,956 (+61.8%), from €525,739 to €850,696
of which Distributable reserves: +€324,956
- Other debts +€149,564
up €149,564 (+89.2%), from €167,640 to €317,204
- Current portion of long-term debt -€22,037
down €22,037 (-14.3%), from €154,061 to €132,024
- Tax, wage and social debts +€19,431
up €19,431 (+52.9%), from €36,726 to €56,157
of which Taxes: +€16,428
- Financial income +€143,856
up €143,856 (+227%), from €63,250 to €207,106
- Gross operating margin +€82,087
up €82,087 (+35.3%), from €232,656 to €314,743
- Taxes +€25,231
up €25,231 (+41.2%), from €61,312 to €86,543
- Financial charges +€12,301
up €12,301 (+34.5%), from €35,687 to €47,988
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 | €1,755,940 | €1,844,825 | +€88,885 | +5.1% |
| Fixed assets | 21/28 | €1,688,407 | €1,806,890 | +€118,483 | +7.0% |
| Tangible fixed assets | 22/27 | €488,407 | €463,835 | -€24,572 | -5.0% |
| Land and buildings | 22 | €357,502 | €344,957 | -€12,545 | -3.5% |
| Plant, machinery and equipment | 23 | €3,804 | €3,303 | -€501 | -13.2% |
| Furniture and vehicles | 24 | €31,044 | €24,157 | -€6,887 | -22.2% |
| Other tangible fixed assets | 26 | €96,058 | €91,418 | -€4,640 | -4.8% |
| Financial fixed assets | 28 | €1,200,000 | €1,343,055 | +€143,055 | +11.9% |
| Current assets | 29/58 | €67,533 | €37,934 | -€29,598 | -43.8% |
| Amounts receivable within one year | 40/41 | €0 | €4,591 | +€4,591 | |
| Trade receivables | 40 | €0 | €4,591 | +€4,591 | |
| Cash at bank and in hand | 54/58 | €65,698 | €31,468 | -€34,230 | -52.1% |
| Deferred charges and accrued income | 490/1 | €1,835 | €1,876 | +€41 | +2.2% |
| Total equity and liabilities | 10/49 | €1,755,940 | €1,844,825 | +€88,885 | +5.1% |
| Equity | 10/15 | €545,739 | €870,696 | +€324,956 | +59.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €525,739 | €850,696 | +€324,956 | +61.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €523,739 | €848,696 | +€324,956 | +62.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,210,201 | €974,129 | -€236,071 | -19.5% |
| Amounts payable after more than one year | 17 | €836,316 | €455,880 | -€380,436 | -45.5% |
| Financial debts | 170/4 | €836,316 | €439,080 | -€397,236 | -47.5% |
| Other amounts payable | 178/9 | €0 | €16,800 | +€16,800 | |
| Amounts payable within one year | 42/48 | €361,543 | €505,735 | +€144,192 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €154,061 | €132,024 | -€22,037 | -14.3% |
| Financial debts | 43 | €125 | €0 | -€125 | -100% |
| Credit institutions | 430/8 | €125 | €0 | -€125 | -100% |
| Trade debts | 44 | €2,142 | €350 | -€1,792 | -83.7% |
| Suppliers | 440/4 | €2,142 | €350 | -€1,792 | -83.7% |
| Advances received on contracts in progress | 46 | €850 | €0 | -€850 | -100% |
| Taxes, remuneration and social security | 45 | €36,726 | €56,157 | +€19,431 | +52.9% |
| Taxes | 450/3 | €36,726 | €53,153 | +€16,428 | +44.7% |
| Remuneration and social security | 454/9 | - | €3,004 | +€3,004 | |
| Other amounts payable | 47/48 | €167,640 | €317,204 | +€149,564 | +89.2% |
| Accrued charges and deferred income | 492/3 | €12,342 | €12,514 | +€172 | +1.4% |
| Non-recurring operating income | 76A | €0 | €50,080 | +€50,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,937 | €24,572 | +€635 | +2.7% |
| Other operating charges | 640/8 | €4,398 | €4,187 | -€211 | -4.8% |
| Gross operating margin | 9900 | €232,656 | €314,743 | +€82,087 | +35.3% |
| Operating profit (loss) | 9901 | €204,321 | €285,984 | +€81,662 | +40.0% |
| Financial income | 75/76B | €63,250 | €207,106 | +€143,856 | +227% |
| Recurring financial income | 75 | €63,250 | €207,106 | +€143,856 | +227% |
| Financial charges | 65/66B | €35,687 | €47,988 | +€12,301 | +34.5% |
| Recurring financial charges | 65 | €35,687 | €47,988 | +€12,301 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €231,885 | €445,102 | +€213,217 | +91.9% |
| Income taxes | 67/77 | €61,312 | €86,543 | +€25,231 | +41.2% |
| Profit (loss) for the period | 9904 | €170,573 | €358,560 | +€187,986 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €170,573 | €358,560 | +€187,986 | +110% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.