WALENA: 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.
WALENA
Largest movements
- Tangible fixed assets -€25,737
down €25,737 (-4.0%), from €641,773 to €616,036
- Cash +€17,787
up €17,787 (+8.0%), from €222,993 to €240,780
mainly Depreciation (+€25,737) and Accrued charges and deferred income (+€693)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€5,125
up €5,125 (+25.8%), from €19,863 to €24,988
- Other operating charges -€1,172
down €1,172 (-13.2%), from €8,895 to €7,723
- Depreciation -€265
down €265 (-1.0%), from €26,002 to €25,737
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 | €864,766 | €856,816 | -€7,950 | -0.9% |
| Fixed assets | 21/28 | €641,773 | €616,036 | -€25,737 | -4.0% |
| Tangible fixed assets | 22/27 | €641,773 | €616,036 | -€25,737 | -4.0% |
| Land and buildings | 22 | €641,773 | €616,036 | -€25,737 | -4.0% |
| Current assets | 29/58 | €222,993 | €240,780 | +€17,787 | +8.0% |
| Cash at bank and in hand | 54/58 | €222,993 | €240,780 | +€17,787 | +8.0% |
| Total equity and liabilities | 10/49 | €864,766 | €856,816 | -€7,950 | -0.9% |
| Equity | 10/15 | €780,229 | €772,996 | -€7,233 | -0.9% |
| Contributions | 10/11 | €807,000 | €807,000 | = | 0.0% |
| Capital | 10 | €807,000 | €807,000 | = | 0.0% |
| Issued capital | 100 | €807,000 | €807,000 | = | 0.0% |
| Reserves | 13 | €56,655 | €52,803 | -€3,852 | -6.8% |
| Non-distributable reserves | 130/1 | €5,123 | €5,123 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,123 | €5,123 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,532 | €47,680 | -€3,852 | -7.5% |
| Profit (loss) carried forward | 14 | -€83,426 | -€86,807 | -€3,381 | -4.1% |
| Provisions and deferred taxes | 16 | €17,177 | €15,893 | -€1,284 | -7.5% |
| Deferred taxes | 168 | €17,177 | €15,893 | -€1,284 | -7.5% |
| Amounts payable | 17/49 | €67,359 | €67,927 | +€567 | +0.8% |
| Amounts payable within one year | 42/48 | €67,359 | €67,234 | -€126 | -0.2% |
| Other amounts payable | 47/48 | €67,359 | €67,234 | -€126 | -0.2% |
| Accrued charges and deferred income | 492/3 | - | €693 | +€693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,002 | €25,737 | -€265 | -1.0% |
| Other operating charges | 640/8 | €8,895 | €7,723 | -€1,172 | -13.2% |
| Gross operating margin | 9900 | €19,863 | €24,988 | +€5,125 | +25.8% |
| Operating profit (loss) | 9901 | -€15,034 | -€8,473 | +€6,561 | +43.6% |
| Financial charges | 65/66B | €46 | €45 | -€1 | -2.2% |
| Recurring financial charges | 65 | €46 | €45 | -€1 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,080 | -€8,518 | +€6,562 | +43.5% |
| Transfer from deferred taxes | 780 | €1,284 | €1,284 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€13,796 | -€7,233 | +€6,562 | +47.6% |
| Transfer from tax-exempt reserves | 789 | €3,852 | €3,852 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,943 | -€3,381 | +€6,562 | +66.0% |
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 4 October 2026 via checked.be.