WALEO: 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.
WALEO
Largest movements
- Receivables within one year +€19,306
up €19,306 (+77.8%), from €24,809 to €44,115
of which Trade receivables: +€18,393
- Tangible fixed assets -€1,893
down €1,893 (-40.7%), from €4,646 to €2,754
of which Plant, machinery and equipment: -€1,673
- Trade debts -€24,901
no longer reported in 2025 (was €24,901)
- Short-term financial debts +€22,401
up €22,401 (+135107.4%), from €17 to €22,417
- Other debts +€21,348
up €21,348 (+135.6%), from €15,744 to €37,092
- Profit (loss) carried forward -€1,247
down €1,247 (-6.9%), from -€18,082 to -€19,330
- Gross operating margin +€16,391
up €16,391, from -€14,942 to €1,449
- Other operating charges +€196
up €196 (+80.5%), from €244 to €440
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 | €30,579 | €48,179 | +€17,601 | +57.6% |
| Fixed assets | 21/28 | €4,646 | €2,754 | -€1,893 | -40.7% |
| Tangible fixed assets | 22/27 | €4,646 | €2,754 | -€1,893 | -40.7% |
| Plant, machinery and equipment | 23 | €3,986 | €2,314 | -€1,673 | -42.0% |
| Furniture and vehicles | 24 | €660 | €440 | -€220 | -33.3% |
| Current assets | 29/58 | €25,932 | €45,426 | +€19,493 | +75.2% |
| Amounts receivable within one year | 40/41 | €24,809 | €44,115 | +€19,306 | +77.8% |
| Trade receivables | 40 | €24,724 | €43,116 | +€18,393 | +74.4% |
| Other amounts receivable | 41 | €86 | €999 | +€913 | +1063.4% |
| Cash at bank and in hand | 54/58 | €1,123 | €1,310 | +€187 | +16.7% |
| Total equity and liabilities | 10/49 | €30,579 | €48,179 | +€17,601 | +57.6% |
| Equity | 10/15 | -€10,082 | -€11,330 | -€1,247 | -12.4% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,082 | -€19,330 | -€1,247 | -6.9% |
| Amounts payable | 17/49 | €40,661 | €59,509 | +€18,848 | +46.4% |
| Amounts payable within one year | 42/48 | €40,661 | €59,509 | +€18,848 | +46.4% |
| Financial debts | 43 | €17 | €22,417 | +€22,401 | +135107.4% |
| Credit institutions | 430/8 | €17 | €22,417 | +€22,401 | +135107.4% |
| Trade debts | 44 | €24,901 | - | -€24,901 | |
| Suppliers | 440/4 | €24,901 | - | -€24,901 | |
| Other amounts payable | 47/48 | €15,744 | €37,092 | +€21,348 | +135.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,893 | €1,893 | +€0 | 0.0% |
| Other operating charges | 640/8 | €244 | €440 | +€196 | +80.5% |
| Gross operating margin | 9900 | -€14,942 | €1,449 | +€16,391 | |
| Operating profit (loss) | 9901 | -€17,079 | -€884 | +€16,195 | +94.8% |
| Financial charges | 65/66B | €240 | €363 | +€123 | +51.1% |
| Recurring financial charges | 65 | €240 | €363 | +€123 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,319 | -€1,247 | +€16,072 | +92.8% |
| Profit (loss) for the period | 9904 | -€17,319 | -€1,247 | +€16,072 | +92.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,319 | -€1,247 | +€16,072 | +92.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.