WALEX 12: 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.
WALEX 12
Largest movements
- Tangible fixed assets -€83,831
down €83,831 (-12.5%), from €671,637 to €587,806
of which Furniture and vehicles: -€47,851
- Receivables within one year -€31,858
down €31,858 (-16.0%), from €199,641 to €167,782
of which Trade receivables: -€31,868
- Debts after one year -€95,914
down €95,914 (-28.0%), from €342,896 to €246,981
- Profit (loss) carried forward +€36,683
up €36,683 (+51.2%), from €71,679 to €108,362
- Other debts -€32,245
down €32,245 (-98.2%), from €32,846 to €601
- Tax, wage and social debts -€29,027
down €29,027 (-36.9%), from €78,578 to €49,550
of which Taxes: -€37,135
- Depreciation +€36,474
up €36,474 (+45.8%), from €79,581 to €116,055
- Gross operating margin +€27,550
up €27,550 (+13.1%), from €209,710 to €237,259
- Staff costs +€22,250
up €22,250 (+79.5%), from €28,001 to €50,252
- Other operating charges -€16,869
down €16,869 (-93.8%), from €17,976 to €1,107
- Financial charges +€15,417
up €15,417 (+160%), from €9,613 to €25,030
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €917,918 | €793,266 | -€124,652 | -13.6% |
| Fixed assets | 21/28 | €671,637 | €587,806 | -€83,831 | -12.5% |
| Tangible fixed assets | 22/27 | €671,637 | €587,806 | -€83,831 | -12.5% |
| Plant, machinery and equipment | 23 | €98,202 | €101,073 | +€2,871 | +2.9% |
| Furniture and vehicles | 24 | €311,097 | €263,246 | -€47,851 | -15.4% |
| Leasing and similar rights | 25 | €262,339 | €223,488 | -€38,851 | -14.8% |
| Current assets | 29/58 | €246,280 | €205,460 | -€40,820 | -16.6% |
| Stocks and contracts in progress | 3 | €4,355 | €3,528 | -€827 | -19.0% |
| Stocks | 30/36 | €4,355 | €3,528 | -€827 | -19.0% |
| Amounts receivable within one year | 40/41 | €199,641 | €167,782 | -€31,858 | -16.0% |
| Trade receivables | 40 | €199,641 | €167,773 | -€31,868 | -16.0% |
| Other amounts receivable | 41 | - | €9 | +€9 | |
| Cash at bank and in hand | 54/58 | €42,285 | €34,149 | -€8,135 | -19.2% |
| Total equity and liabilities | 10/49 | €917,918 | €793,266 | -€124,652 | -13.6% |
| Equity | 10/15 | €296,679 | €333,362 | +€36,683 | +12.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €125,000 | €125,000 | = | 0.0% |
| Distributable reserves | 133 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,679 | €108,362 | +€36,683 | +51.2% |
| Amounts payable | 17/49 | €621,239 | €459,904 | -€161,335 | -26.0% |
| Amounts payable after more than one year | 17 | €342,896 | €246,981 | -€95,914 | -28.0% |
| Financial debts | 170/4 | €342,896 | €246,981 | -€95,914 | -28.0% |
| Amounts payable within one year | 42/48 | €278,344 | €212,923 | -€65,421 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €103,141 | €102,909 | -€233 | -0.2% |
| Trade debts | 44 | €63,779 | €59,862 | -€3,916 | -6.1% |
| Suppliers | 440/4 | €63,779 | €59,862 | -€3,916 | -6.1% |
| Taxes, remuneration and social security | 45 | €78,578 | €49,550 | -€29,027 | -36.9% |
| Taxes | 450/3 | €72,862 | €35,727 | -€37,135 | -51.0% |
| Remuneration and social security | 454/9 | €5,716 | €13,824 | +€8,108 | +142% |
| Other amounts payable | 47/48 | €32,846 | €601 | -€32,245 | -98.2% |
| Remuneration, social security and pensions | 62 | €28,001 | €50,252 | +€22,250 | +79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,581 | €116,055 | +€36,474 | +45.8% |
| Other operating charges | 640/8 | €17,976 | €1,107 | -€16,869 | -93.8% |
| Gross operating margin | 9900 | €209,710 | €237,259 | +€27,550 | +13.1% |
| Operating profit (loss) | 9901 | €84,152 | €69,846 | -€14,306 | -17.0% |
| Financial income | 75/76B | €39 | €2,105 | +€2,066 | +5,340% |
| Recurring financial income | 75 | €39 | €585 | +€546 | +1,411% |
| Non-recurring financial income | 76B | - | €1,521 | +€1,521 | |
| Financial charges | 65/66B | €9,613 | €25,030 | +€15,417 | +160% |
| Recurring financial charges | 65 | €9,613 | €25,030 | +€15,417 | +160% |
| Profit (loss) for the period before taxes | 9903 | €74,578 | €46,921 | -€27,657 | -37.1% |
| Income taxes | 67/77 | €13,215 | €10,237 | -€2,977 | -22.5% |
| Profit (loss) for the period | 9904 | €61,363 | €36,683 | -€24,680 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,363 | €36,683 | -€24,680 | -40.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.