WALD-JACK: 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.
WALD-JACK
Largest movements
- Receivables within one year -€3,288
down €3,288 (-60.8%), from €5,407 to €2,119
- Current portion of long-term debt -€3,602
no longer reported in 2025 (was €3,602)
- Trade debts -€1,739
down €1,739 (-55.6%), from €3,129 to €1,390
- Short-term financial debts +€1,048
up €1,048 (+112.9%), from €928 to €1,976
- Other debts +€486
up €486 (+1.4%), from €34,510 to €34,996
- Profit (loss) carried forward +€447
up €447 (+0.8%), from -€55,692 to -€55,245
- Depreciation -€4,128
no longer reported in 2025 (was €4,128)
- Gross operating margin -€2,169
down €2,169 (-77.8%), from €2,788 to €619
- Financial charges -€341
down €341 (-66.5%), from €513 to €172
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,207 | €9,919 | -€3,288 | -24.9% |
| Fixed assets | 21/28 | €7,800 | €7,800 | = | 0.0% |
| Tangible fixed assets | 22/27 | €6,892 | €6,892 | = | 0.0% |
| Land and buildings | 22 | €6,892 | €6,892 | = | 0.0% |
| Financial fixed assets | 28 | €908 | €908 | = | 0.0% |
| Current assets | 29/58 | €5,407 | €2,119 | -€3,288 | -60.8% |
| Amounts receivable within one year | 40/41 | €5,407 | €2,119 | -€3,288 | -60.8% |
| Trade receivables | 40 | €5,407 | €2,119 | -€3,288 | -60.8% |
| Total equity and liabilities | 10/49 | €13,207 | €9,919 | -€3,288 | -24.9% |
| Equity | 10/15 | -€30,595 | -€30,148 | +€447 | +1.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €97 | €97 | = | 0.0% |
| Non-distributable reserves | 130/1 | €97 | €97 | = | 0.0% |
| Legal reserve | 130 | €97 | €97 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,692 | -€55,245 | +€447 | +0.8% |
| Amounts payable | 17/49 | €43,802 | €40,067 | -€3,735 | -8.5% |
| Amounts payable within one year | 42/48 | €43,802 | €40,067 | -€3,735 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €3,602 | - | -€3,602 | |
| Financial debts | 43 | €928 | €1,976 | +€1,048 | +112.9% |
| Credit institutions | 430/8 | €928 | €1,976 | +€1,048 | +112.9% |
| Trade debts | 44 | €3,129 | €1,390 | -€1,739 | -55.6% |
| Suppliers | 440/4 | €3,129 | €1,390 | -€1,739 | -55.6% |
| Taxes, remuneration and social security | 45 | €1,633 | €1,705 | +€72 | +4.4% |
| Taxes | 450/3 | €1,633 | €1,705 | +€72 | +4.4% |
| Other amounts payable | 47/48 | €34,510 | €34,996 | +€486 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,128 | - | -€4,128 | |
| Gross operating margin | 9900 | €2,788 | €619 | -€2,169 | -77.8% |
| Operating profit (loss) | 9901 | -€1,340 | €619 | +€1,959 | |
| Financial charges | 65/66B | €513 | €172 | -€341 | -66.5% |
| Recurring financial charges | 65 | €513 | €172 | -€341 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,853 | €447 | +€2,300 | |
| Profit (loss) for the period | 9904 | -€1,853 | €447 | +€2,300 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,853 | €447 | +€2,300 |
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 5 October 2026 via checked.be.