WALEMA: 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.
WALEMA
Largest movements
- Tangible fixed assets -€52,706
down €52,706 (-3.7%), from €1.4m to €1.4m
of which Land and buildings: -€54,180
- Profit (loss) carried forward -€57,267
down €57,267 (-34.9%), from -€164,265 to -€221,532
- Gross operating margin -€9,374
down €9,374 (-44.9%), from €20,878 to €11,503
- Other operating charges -€1,026
down €1,026 (-11.5%), from €8,957 to €7,931
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 | €1,418,878 | €1,369,993 | -€48,885 | -3.4% |
| Fixed assets | 21/28 | €1,406,846 | €1,354,140 | -€52,706 | -3.7% |
| Tangible fixed assets | 22/27 | €1,406,846 | €1,354,140 | -€52,706 | -3.7% |
| Land and buildings | 22 | €1,350,082 | €1,295,902 | -€54,180 | -4.0% |
| Plant, machinery and equipment | 23 | €3,922 | €5,396 | +€1,474 | +37.6% |
| Other tangible fixed assets | 26 | €52,843 | €52,843 | = | 0.0% |
| Current assets | 29/58 | €12,031 | €15,853 | +€3,821 | +31.8% |
| Amounts receivable within one year | 40/41 | €2,248 | €12,248 | +€10,000 | +444.9% |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | €2,248 | €2,248 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,583 | €2,505 | -€5,079 | -67.0% |
| Deferred charges and accrued income | 490/1 | €2,200 | €1,100 | -€1,100 | -50.0% |
| Total equity and liabilities | 10/49 | €1,418,878 | €1,369,993 | -€48,885 | -3.4% |
| Equity | 10/15 | €1,079,563 | €1,022,296 | -€57,267 | -5.3% |
| Contributions | 10/11 | €1,243,828 | €1,243,828 | = | 0.0% |
| Capital | 10 | €674,197 | €674,197 | = | 0.0% |
| Issued capital | 100 | €674,197 | €674,197 | = | 0.0% |
| Outside capital | 11 | €569,632 | €569,632 | = | 0.0% |
| Share premium | 1100/10 | €569,632 | €569,632 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,265 | -€221,532 | -€57,267 | -34.9% |
| Amounts payable | 17/49 | €339,315 | €347,697 | +€8,382 | +2.5% |
| Amounts payable within one year | 42/48 | €339,315 | €346,697 | +€7,382 | +2.2% |
| Trade debts | 44 | €1,548 | €6,858 | +€5,311 | +343.2% |
| Suppliers | 440/4 | €1,548 | €6,858 | +€5,311 | +343.2% |
| Other amounts payable | 47/48 | €337,767 | €339,839 | +€2,072 | +0.6% |
| Accrued charges and deferred income | 492/3 | €0 | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,518 | €60,629 | +€112 | +0.2% |
| Other operating charges | 640/8 | €8,957 | €7,931 | -€1,026 | -11.5% |
| Gross operating margin | 9900 | €20,878 | €11,503 | -€9,374 | -44.9% |
| Operating profit (loss) | 9901 | -€48,597 | -€57,057 | -€8,460 | -17.4% |
| Financial charges | 65/66B | €130 | €210 | +€80 | +61.2% |
| Recurring financial charges | 65 | €130 | €210 | +€80 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | -€48,728 | -€57,267 | -€8,539 | -17.5% |
| Profit (loss) for the period | 9904 | -€48,728 | -€57,267 | -€8,539 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,728 | -€57,267 | -€8,539 | -17.5% |
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 3 October 2026 via checked.be.