WALCODIS: 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.
What changed
WALCODIS
NACE 52.100, Warehousing and storage
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2025 · €1.7m+€422,962
Equity
€29.6m
2025 · €36.5m-€6.8m
Cash
€423,972
2025 · €2,247+€421,725
Balance sheet total
€64.1m
2025 · €90.1m-€25.9m
Largest movements
Assets
- Receivables within one year -€22.0m
down €22.0m (-34.0%), from €64.7m to €42.7m
of which Other amounts receivable: -€23.5m
- Tangible fixed assets -€1.9m
down €1.9m (-11.1%), from €17.0m to €15.2m
of which Plant, machinery and equipment: -€1.7m
- Stocks and contracts -€1.6m
down €1.6m (-36.7%), from €4.3m to €2.8m
Equity and liabilities
- Short-term financial debts -€18.7m
no longer reported in 2026 (was €18.7m)
- Profit (loss) carried forward -€7.0m
down €7.0m (-77.3%), from €9.0m to €2.0m
Income statement
- Goods and materials -€6.8m
down €6.8m (-1.8%), from €370.1m to €363.3m
of which Purchases: -€8.1m
- Turnover -€5.7m
down €5.7m (-1.4%), from €394.1m to €388.4m
From the 2025 result to the 2026 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 2025
€1.7m
Turnover
-€5.7m
Other operating income
+€43,300
Goods and materials
+€6.8m
Services and other goods
+€469,934
Staff costs
-€341,093
Depreciation
-€683,929
Write-downs
-€1,177
Other operating charges
-€21,923
Other operating items
-€8,542
Financial income
+€320,148
Financial charges
-€343,423
Taxes
-€144,349
Result 2026
€2.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€28.3m
Investment
-€122,353
Financing
-€27.7m
Cash 2025
€2,247
From operations (derived)
+€28.3m
Net result for the year
+€2.1m
Depreciation
+€2.8m
Stocks and contracts
+€1.6m
Receivables within one year
+€22.0m
Deferred charges and accrued income
+€62,672
Trade debts
-€434,698
Tax, wage and social debts
+€103,973
Accrued charges and deferred income
+€509
Investment (derived)
-€122,353
Investment in fixed assets (net)
-€122,353
Financing
-€27.7m
Short-term financial debts
-€18.7m
Contributions, distributions and other
-€9.0m
Cash 2026
€423,972
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,069,091 | €64,145,627 | -€25.9m | -28.8% |
| Fixed assets | 21/28 | €20,902,077 | €18,253,856 | -€2.6m | -12.7% |
| Intangible fixed assets | 21 | €3,858,544 | €3,102,611 | -€755,933 | -19.6% |
| Tangible fixed assets | 22/27 | €17,043,533 | €15,151,245 | -€1.9m | -11.1% |
| Land and buildings | 22 | €1,676,748 | €1,501,700 | -€175,048 | -10.4% |
| Plant, machinery and equipment | 23 | €15,261,902 | €13,593,006 | -€1.7m | -10.9% |
| Furniture and vehicles | 24 | €104,882 | €56,539 | -€48,344 | -46.1% |
| Current assets | 29/58 | €69,167,014 | €45,891,770 | -€23.3m | -33.7% |
| Stocks and contracts in progress | 3 | €4,342,521 | €2,750,856 | -€1.6m | -36.7% |
| Stocks | 30/36 | €4,342,521 | €2,750,856 | -€1.6m | -36.7% |
| Goods purchased for resale | 34 | €4,342,521 | €2,750,856 | -€1.6m | -36.7% |
| Amounts receivable within one year | 40/41 | €64,745,458 | €42,702,827 | -€22.0m | -34.0% |
| Trade receivables | 40 | €34,594,590 | €36,065,413 | +€1.5m | +4.3% |
| Other amounts receivable | 41 | €30,150,868 | €6,637,414 | -€23.5m | -78.0% |
| Cash at bank and in hand | 54/58 | €2,247 | €423,972 | +€421,725 | +18,770% |
| Deferred charges and accrued income | 490/1 | €76,787 | €14,116 | -€62,672 | -81.6% |
| Total equity and liabilities | 10/49 | €90,069,091 | €64,145,627 | -€25.9m | -28.8% |
| Equity | 10/15 | €36,471,252 | €29,622,167 | -€6.8m | -18.8% |
| Contributions | 10/11 | €26,000,005 | €26,000,005 | = | 0.0% |
| Capital | 10 | €26,000,005 | €26,000,005 | = | 0.0% |
| Issued capital | 100 | €26,000,005 | €26,000,005 | = | 0.0% |
| Reserves | 13 | €839,907 | €946,957 | +€107,050 | +12.7% |
| Non-distributable reserves | 130/1 | €839,256 | €946,305 | +€107,050 | +12.8% |
| Legal reserve | 130 | €839,256 | €946,305 | +€107,050 | +12.8% |
| Tax-exempt reserves | 132 | €652 | €652 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,995,855 | €2,039,801 | -€7.0m | -77.3% |
| Investment grants | 15 | €635,485 | €635,404 | -€81 | 0.0% |
| Amounts payable | 17/49 | €53,597,839 | €34,523,459 | -€19.1m | -35.6% |
| Amounts payable within one year | 42/48 | €53,597,586 | €34,522,698 | -€19.1m | -35.6% |
| Financial debts | 43 | €18,744,163 | - | -€18.7m | |
| Credit institutions | 430/8 | €18,744,163 | - | -€18.7m | |
| Trade debts | 44 | €34,405,437 | €33,970,739 | -€434,698 | -1.3% |
| Suppliers | 440/4 | €34,405,437 | €33,970,739 | -€434,698 | -1.3% |
| Taxes, remuneration and social security | 45 | €447,985 | €551,959 | +€103,973 | +23.2% |
| Taxes | 450/3 | €5,285 | €63,409 | +€58,124 | +1,100% |
| Remuneration and social security | 454/9 | €442,700 | €488,550 | +€45,850 | +10.4% |
| Accrued charges and deferred income | 492/3 | €253 | €762 | +€509 | +201% |
| Operating income | 70/76A | €395,029,360 | €389,362,531 | -€5.7m | -1.4% |
| Turnover | 70 | €394,135,441 | €388,425,312 | -€5.7m | -1.4% |
| Other operating income | 74 | €893,919 | €937,219 | +€43,300 | +4.8% |
| Operating charges | 60/66A | €393,218,643 | €386,961,226 | -€6.3m | -1.6% |
| Goods for resale, raw materials and consumables | 60 | €370,099,555 | €363,255,408 | -€6.8m | -1.8% |
| Purchases | 600/8 | €369,744,326 | €361,663,742 | -€8.1m | -2.2% |
| Change in stocks: decrease (increase) | 609 | €355,228 | €1,591,665 | +€1.2m | +348% |
| Services and other goods | 61 | €18,876,543 | €18,406,610 | -€469,934 | -2.5% |
| Remuneration, social security and pensions | 62 | €2,081,712 | €2,422,805 | +€341,093 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,086,645 | €2,770,574 | +€683,929 | +32.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,224 | -€47 | +€1,177 | +96.1% |
| Other operating charges | 640/8 | €16,617 | €38,540 | +€21,923 | +132% |
| Non-recurring operating charges | 66A | €58,795 | €67,337 | +€8,542 | +14.5% |
| Operating profit (loss) | 9901 | €1,810,718 | €2,401,304 | +€590,587 | +32.6% |
| Financial income | 75/76B | €532,250 | €852,398 | +€320,148 | +60.2% |
| Recurring financial income | 75 | €532,250 | €852,398 | +€320,148 | +60.2% |
| Income from current assets | 751 | €531,793 | €852,317 | +€320,524 | +60.3% |
| Other financial income | 752/9 | €457 | €81 | -€376 | -82.3% |
| Financial charges | 65/66B | €44,166 | €387,590 | +€343,423 | +778% |
| Recurring financial charges | 65 | €44,166 | €387,590 | +€343,423 | +778% |
| Debt charges | 650 | €43,792 | €387,220 | +€343,428 | +784% |
| Other financial charges | 652/9 | €374 | €370 | -€5 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €2,298,801 | €2,866,112 | +€567,312 | +24.7% |
| Income taxes | 67/77 | €580,767 | €725,116 | +€144,349 | +24.9% |
| Taxes | 670/3 | €580,767 | €725,116 | +€144,349 | +24.9% |
| Profit (loss) for the period | 9904 | €1,718,034 | €2,140,996 | +€422,962 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,718,034 | €2,140,996 | +€422,962 | +24.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.