WALDU: 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.
WALDU
Largest movements
- Receivables within one year +€82,238
up €82,238 (+275.6%), from €29,838 to €112,076
of which Other amounts receivable: +€82,869
- Stocks and contracts -€6,780
down €6,780 (-44.4%), from €15,277 to €8,498
- Cash +€2,129
up €2,129 (+4.5%), from €47,715 to €49,845
mainly Other debts (+€67,036) and Net result for the year (+€11,307)
- Other debts +€67,036
up €67,036 (+29.6%), from €226,771 to €293,807
- Profit (loss) carried forward +€11,307
up €11,307 (+8.2%), from -€138,030 to -€126,723
- Financial income +€33,195
up €33,195 (+81.3%), from €40,806 to €74,000
- Gross operating margin -€3,394
down €3,394 (-6.1%), from -€55,683 to -€59,077
- Financial charges +€869
up €869 (+140.0%), from €621 to €1,490
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 | €96,621 | €174,399 | +€77,778 | +80.5% |
| Fixed assets | 21/28 | €1,331 | €1,157 | -€174 | -13.0% |
| Tangible fixed assets | 22/27 | €1,331 | €1,157 | -€174 | -13.0% |
| Plant, machinery and equipment | 23 | €1,331 | €247 | -€1,083 | -81.4% |
| Furniture and vehicles | 24 | - | €910 | +€910 | |
| Current assets | 29/58 | €95,290 | €173,242 | +€77,952 | +81.8% |
| Stocks and contracts in progress | 3 | €15,277 | €8,498 | -€6,780 | -44.4% |
| Stocks | 30/36 | €15,277 | €8,498 | -€6,780 | -44.4% |
| Amounts receivable within one year | 40/41 | €29,838 | €112,076 | +€82,238 | +275.6% |
| Trade receivables | 40 | €847 | €216 | -€631 | -74.5% |
| Other amounts receivable | 41 | €28,991 | €111,860 | +€82,869 | +285.8% |
| Cash at bank and in hand | 54/58 | €47,715 | €49,845 | +€2,129 | +4.5% |
| Deferred charges and accrued income | 490/1 | €2,459 | €2,824 | +€365 | +14.8% |
| Total equity and liabilities | 10/49 | €96,621 | €174,399 | +€77,778 | +80.5% |
| Equity | 10/15 | -€133,030 | -€121,723 | +€11,307 | +8.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,030 | -€126,723 | +€11,307 | +8.2% |
| Amounts payable | 17/49 | €229,650 | €296,122 | +€66,472 | +28.9% |
| Amounts payable within one year | 42/48 | €229,650 | €296,122 | +€66,472 | +28.9% |
| Trade debts | 44 | €1,764 | €979 | -€785 | -44.5% |
| Suppliers | 440/4 | €1,764 | €979 | -€785 | -44.5% |
| Taxes, remuneration and social security | 45 | €1,115 | €1,336 | +€221 | +19.8% |
| Taxes | 450/3 | €1,115 | €1,336 | +€221 | +19.8% |
| Other amounts payable | 47/48 | €226,771 | €293,807 | +€67,036 | +29.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,220 | €1,256 | +€36 | +2.9% |
| Other operating charges | 640/8 | €592 | €668 | +€76 | +12.8% |
| Gross operating margin | 9900 | -€55,683 | -€59,077 | -€3,394 | -6.1% |
| Operating profit (loss) | 9901 | -€57,494 | -€61,001 | -€3,506 | -6.1% |
| Financial income | 75/76B | €40,806 | €74,000 | +€33,195 | +81.3% |
| Recurring financial income | 75 | €40,806 | €74,000 | +€33,195 | +81.3% |
| Financial charges | 65/66B | €621 | €1,490 | +€869 | +140.0% |
| Recurring financial charges | 65 | €621 | €1,490 | +€869 | +140.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,310 | €11,510 | +€28,819 | |
| Income taxes | 67/77 | €152 | €203 | +€51 | +33.7% |
| Profit (loss) for the period | 9904 | -€17,461 | €11,307 | +€28,768 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,461 | €11,307 | +€28,768 |
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 28 September 2026 via checked.be.