WALEXPORT: 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.
WALEXPORT
Largest movements
- Tangible fixed assets +€265,545
up €265,545 (+983.4%), from €27,002 to €292,547
of which Land and buildings: +€275,375
- Receivables within one year +€84,545
up €84,545 (+15.8%), from €535,763 to €620,308
of which Other amounts receivable: +€100,190
- Cash -€9,904
down €9,904 (-57.5%), from €17,232 to €7,328
mainly Investment in fixed assets (net) (-€280,000) and Receivables within one year (-€84,545)
- Debts after one year +€266,000
new in 2025: €266,000
- Trade debts +€65,365
up €65,365 (+76.0%), from €85,950 to €151,315
- Current portion of long-term debt +€14,000
new in 2025: €14,000
- Gross operating margin -€88,794
down €88,794 (-62.5%), from €142,052 to €53,257
- Other operating charges +€24,288
up €24,288 (+298.2%), from €8,144 to €32,431
- Taxes -€3,778
down €3,778 (-89.1%), from €4,242 to €464
- Depreciation -€1,474
down €1,474 (-9.3%), from €15,929 to €14,455
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 | €600,966 | €941,151 | +€340,185 | +56.6% |
| Fixed assets | 21/28 | €30,129 | €295,673 | +€265,545 | +881.4% |
| Tangible fixed assets | 22/27 | €27,002 | €292,547 | +€265,545 | +983.4% |
| Land and buildings | 22 | - | €275,375 | +€275,375 | |
| Plant, machinery and equipment | 23 | €25,664 | €16,448 | -€9,216 | -35.9% |
| Furniture and vehicles | 24 | €1,338 | €724 | -€614 | -45.9% |
| Financial fixed assets | 28 | €3,126 | €3,126 | = | 0.0% |
| Current assets | 29/58 | €570,837 | €645,478 | +€74,641 | +13.1% |
| Amounts receivable within one year | 40/41 | €535,763 | €620,308 | +€84,545 | +15.8% |
| Trade receivables | 40 | €344,899 | €329,254 | -€15,645 | -4.5% |
| Other amounts receivable | 41 | €190,864 | €291,054 | +€100,190 | +52.5% |
| Cash at bank and in hand | 54/58 | €17,232 | €7,328 | -€9,904 | -57.5% |
| Deferred charges and accrued income | 490/1 | €17,842 | €17,842 | = | 0.0% |
| Total equity and liabilities | 10/49 | €600,966 | €941,151 | +€340,185 | +56.6% |
| Equity | 10/15 | €410,438 | €410,512 | +€73 | 0.0% |
| Contributions | 10/11 | €81,805 | €81,805 | = | 0.0% |
| Reserves | 13 | €154,430 | €153,266 | -€1,164 | -0.8% |
| Non-distributable reserves | 130/1 | - | €8,180 | +€8,180 | |
| Reserves not available under the articles | 1311 | - | €8,180 | +€8,180 | |
| Tax-exempt reserves | 132 | €71,250 | €70,086 | -€1,164 | -1.6% |
| Distributable reserves | 133 | €83,180 | €75,000 | -€8,180 | -9.8% |
| Profit (loss) carried forward | 14 | €174,203 | €175,440 | +€1,238 | +0.7% |
| Provisions and deferred taxes | 16 | €23,750 | €23,381 | -€369 | -1.6% |
| Deferred taxes | 168 | €23,750 | €23,381 | -€369 | -1.6% |
| Amounts payable | 17/49 | €166,778 | €507,258 | +€340,481 | +204.2% |
| Amounts payable after more than one year | 17 | - | €266,000 | +€266,000 | |
| Financial debts | 170/4 | - | €266,000 | +€266,000 | |
| Amounts payable within one year | 42/48 | €165,192 | €240,779 | +€75,587 | +45.8% |
| Current portion of amounts payable after more than one year | 42 | - | €14,000 | +€14,000 | |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €85,950 | €151,315 | +€65,365 | +76.0% |
| Suppliers | 440/4 | €85,950 | €151,315 | +€65,365 | +76.0% |
| Taxes, remuneration and social security | 45 | €4,242 | €464 | -€3,778 | -89.1% |
| Taxes | 450/3 | €4,242 | €464 | -€3,778 | -89.1% |
| Accrued charges and deferred income | 492/3 | €1,586 | €480 | -€1,106 | -69.8% |
| Remuneration, social security and pensions | 62 | €384 | €387 | +€3 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,929 | €14,455 | -€1,474 | -9.3% |
| Other operating charges | 640/8 | €8,144 | €32,431 | +€24,288 | +298.2% |
| Non-recurring operating charges | 66A | €1,212 | - | -€1,212 | |
| Gross operating margin | 9900 | €142,052 | €53,257 | -€88,794 | -62.5% |
| Operating profit (loss) | 9901 | €116,383 | €5,983 | -€110,399 | -94.9% |
| Financial income | 75/76B | €45 | €1 | -€44 | -97.8% |
| Recurring financial income | 75 | €45 | €1 | -€44 | -97.8% |
| Financial charges | 65/66B | €6,746 | €5,816 | -€930 | -13.8% |
| Recurring financial charges | 65 | €6,746 | €5,816 | -€930 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €109,682 | €168 | -€109,514 | -99.8% |
| Transfer from deferred taxes | 780 | - | €369 | +€369 | |
| Transfer to deferred taxes | 680 | €95,000 | - | -€95,000 | |
| Income taxes | 67/77 | €4,242 | €464 | -€3,778 | -89.1% |
| Profit (loss) for the period | 9904 | €10,440 | €73 | -€10,367 | -99.3% |
| Transfer from tax-exempt reserves | 789 | - | €1,164 | +€1,164 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,440 | €1,238 | -€9,203 | -88.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.