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
- Receivables within one year -€11,351
down €11,351 (-12.3%), from €92,128 to €80,777
of which Other amounts receivable: -€21,528
- Cash -€5,555
down €5,555 (-23.9%), from €23,244 to €17,689
mainly Net result for the year (-€28,454)
- Profit (loss) carried forward -€28,454
down €28,454 (-32.1%), from €88,611 to €60,157
- Debts within one year +€11,048
up €11,048 (+38.4%), from €28,761 to €39,809
- Gross operating margin -€87,824
down €87,824 (-81.1%), from €108,237 to €20,413
- Staff costs -€4,651
down €4,651 (-8.7%), from €53,198 to €48,548
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 | €117,371 | €99,966 | -€17,406 | -14.8% |
| Current assets | 29/58 | €117,371 | €99,966 | -€17,406 | -14.8% |
| Stocks and contracts in progress | 3 | €2,000 | €1,500 | -€500 | -25.0% |
| Stocks | 30/36 | €2,000 | €1,500 | -€500 | -25.0% |
| Amounts receivable within one year | 40/41 | €92,128 | €80,777 | -€11,351 | -12.3% |
| Trade receivables | 40 | €14,000 | €24,177 | +€10,177 | +72.7% |
| Other amounts receivable | 41 | €78,128 | €56,600 | -€21,528 | -27.6% |
| Cash at bank and in hand | 54/58 | €23,244 | €17,689 | -€5,555 | -23.9% |
| Total equity and liabilities | 10/49 | €117,371 | €99,966 | -€17,406 | -14.8% |
| Equity | 10/15 | €88,611 | €60,157 | -€28,454 | -32.1% |
| Profit (loss) carried forward | 14 | €88,611 | €60,157 | -€28,454 | -32.1% |
| Amounts payable | 17/49 | €28,761 | €39,809 | +€11,048 | +38.4% |
| Amounts payable within one year | 42/48 | €28,761 | €39,809 | +€11,048 | +38.4% |
| Trade debts | 44 | €10,525 | €10,756 | +€230 | +2.2% |
| Suppliers | 440/4 | €10,525 | €10,756 | +€230 | +2.2% |
| Taxes, remuneration and social security | 45 | €2,863 | €310 | -€2,553 | -89.2% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €2,863 | €310 | -€2,553 | -89.2% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €53,198 | €48,548 | -€4,651 | -8.7% |
| Other operating charges | 640/8 | €527 | €125 | -€402 | -76.3% |
| Gross operating margin | 9900 | €108,237 | €20,413 | -€87,824 | -81.1% |
| Operating profit (loss) | 9901 | €54,512 | -€28,260 | -€82,772 | |
| Financial charges | 65/66B | €219 | €194 | -€25 | -11.4% |
| Recurring financial charges | 65 | €219 | €194 | -€25 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €54,293 | -€28,454 | -€82,747 | |
| Profit (loss) for the period | 9904 | €54,293 | -€28,454 | -€82,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,293 | -€28,454 | -€82,747 |
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 6 October 2026 via checked.be.