WALEX: 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.
WALEX
Largest movements
- Receivables within one year +€63,951
up €63,951 (+11.6%), from €553,595 to €617,546
- Cash -€12,968
down €12,968 (-26.7%), from €48,495 to €35,527
mainly Receivables within one year (-€63,951)
- Profit (loss) carried forward +€46,310
up €46,310 (+9.3%), from €499,034 to €545,344
No income-statement line moved by more than 1% of the activity.
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 | €1,130,824 | €1,181,807 | +€50,983 | +4.5% |
| Fixed assets | 21/28 | €525,534 | €525,534 | = | 0.0% |
| Tangible fixed assets | 22/27 | €525,534 | €525,534 | = | 0.0% |
| Land and buildings | 22 | €525,534 | €525,534 | = | 0.0% |
| Current assets | 29/58 | €605,290 | €656,273 | +€50,983 | +8.4% |
| Amounts receivable within one year | 40/41 | €553,595 | €617,546 | +€63,951 | +11.6% |
| Other amounts receivable | 41 | €553,595 | €617,546 | +€63,951 | +11.6% |
| Cash at bank and in hand | 54/58 | €48,495 | €35,527 | -€12,968 | -26.7% |
| Deferred charges and accrued income | 490/1 | €3,200 | €3,200 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,130,824 | €1,181,807 | +€50,983 | +4.5% |
| Equity | 10/15 | €1,090,966 | €1,137,276 | +€46,310 | +4.2% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Revaluation surpluses | 12 | €501,284 | €501,284 | = | 0.0% |
| Reserves | 13 | €65,859 | €65,859 | = | 0.0% |
| Distributable reserves | 133 | €65,859 | €65,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €499,034 | €545,344 | +€46,310 | +9.3% |
| Amounts payable | 17/49 | €39,858 | €44,531 | +€4,673 | +11.7% |
| Amounts payable within one year | 42/48 | €39,858 | €44,531 | +€4,673 | +11.7% |
| Trade debts | 44 | €1,030 | €2,198 | +€1,168 | +113.4% |
| Suppliers | 440/4 | €1,030 | €2,198 | +€1,168 | +113.4% |
| Taxes, remuneration and social security | 45 | €30,502 | €34,006 | +€3,504 | +11.5% |
| Taxes | 450/3 | €30,502 | €34,006 | +€3,504 | +11.5% |
| Other amounts payable | 47/48 | €8,326 | €8,327 | +€1 | 0.0% |
| Other operating charges | 640/8 | €5,551 | €5,723 | +€172 | +3.1% |
| Gross operating margin | 9900 | €47,620 | €47,799 | +€179 | +0.4% |
| Operating profit (loss) | 9901 | €42,069 | €42,076 | +€7 | 0.0% |
| Financial income | 75/76B | €21,062 | €21,115 | +€53 | +0.3% |
| Recurring financial income | 75 | €21,062 | €21,115 | +€53 | +0.3% |
| Financial charges | 65/66B | €202 | €23 | -€179 | -88.6% |
| Recurring financial charges | 65 | €202 | €23 | -€179 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | €62,929 | €63,168 | +€239 | +0.4% |
| Income taxes | 67/77 | €17,148 | €16,858 | -€290 | -1.7% |
| Profit (loss) for the period | 9904 | €45,781 | €46,310 | +€529 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,781 | €46,310 | +€529 | +1.2% |
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.