Walfactory: 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.
Walfactory
Largest movements
- Tangible fixed assets -€13,583
down €13,583 (-49.5%), from €27,414 to €13,832
of which Furniture and vehicles: -€9,387
- Receivables within one year -€2,680
down €2,680 (-84.1%), from €3,186 to €506
of which Other amounts receivable: -€2,823
- Cash +€890
new in 2025: €890
mainly Other debts (+€14,383) and Depreciation (+€13,583)
- Deferred charges and accrued income +€474
up €474 (+704%), from €67 to €541
- Profit (loss) carried forward -€31,675
down €31,675 (-14.9%), from -€211,974 to -€243,649
- Other debts +€14,383
up €14,383 (+8.0%), from €179,644 to €194,027
- Trade debts +€2,284
up €2,284 (+26.8%), from €8,531 to €10,815
- Purchases and services -€11,000
down €11,000 (-37.4%), from €29,406 to €18,406
- Gross operating margin +€10,991
up €10,991 (+39.8%), from -€27,600 to -€16,609
- Depreciation +€4,904
up €4,904 (+56.5%), from €8,679 to €13,583
- Other operating charges -€738
down €738 (-47.0%), from €1,572 to €834
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.
Derived cash bridge
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 | €30,711 | €15,812 | -€14,899 | -48.5% |
| Fixed assets | 21/28 | €27,458 | €13,875 | -€13,583 | -49.5% |
| Tangible fixed assets | 22/27 | €27,414 | €13,832 | -€13,583 | -49.5% |
| Plant, machinery and equipment | 23 | €17,984 | €13,788 | -€4,196 | -23.3% |
| Furniture and vehicles | 24 | €9,430 | €43 | -€9,387 | -99.5% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €3,253 | €1,937 | -€1,316 | -40.5% |
| Amounts receivable within one year | 40/41 | €3,186 | €506 | -€2,680 | -84.1% |
| Trade receivables | 40 | €203 | €345 | +€142 | +70.2% |
| Other amounts receivable | 41 | €2,983 | €161 | -€2,823 | -94.6% |
| Cash at bank and in hand | 54/58 | - | €890 | +€890 | |
| Deferred charges and accrued income | 490/1 | €67 | €541 | +€474 | +704% |
| Total equity and liabilities | 10/49 | €30,711 | €15,812 | -€14,899 | -48.5% |
| Equity | 10/15 | -€194,829 | -€226,504 | -€31,675 | -16.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €2,145 | €2,145 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €645 | €645 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€211,974 | -€243,649 | -€31,675 | -14.9% |
| Amounts payable | 17/49 | €225,540 | €242,316 | +€16,776 | +7.4% |
| Amounts payable within one year | 42/48 | €225,540 | €242,316 | +€16,776 | +7.4% |
| Financial debts | 43 | €34 | - | -€34 | |
| Credit institutions | 430/8 | €34 | - | -€34 | |
| Trade debts | 44 | €8,531 | €10,815 | +€2,284 | +26.8% |
| Suppliers | 440/4 | €8,531 | €10,815 | +€2,284 | +26.8% |
| Taxes, remuneration and social security | 45 | €37,331 | €37,475 | +€144 | +0.4% |
| Taxes | 450/3 | €153 | €297 | +€144 | +93.8% |
| Remuneration and social security | 454/9 | €37,177 | €37,177 | = | 0.0% |
| Other amounts payable | 47/48 | €179,644 | €194,027 | +€14,383 | +8.0% |
| Turnover | 70 | €1,807 | €1,794 | -€12 | -0.7% |
| Non-recurring operating income | 76A | €0 | €3 | +€3 | +5,300% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,406 | €18,406 | -€11,000 | -37.4% |
| Remuneration, social security and pensions | 62 | - | €116 | +€116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,679 | €13,583 | +€4,904 | +56.5% |
| Other operating charges | 640/8 | €1,572 | €834 | -€738 | -47.0% |
| Non-recurring operating charges | 66A | €47 | €5 | -€42 | -89.2% |
| Gross operating margin | 9900 | -€27,600 | -€16,609 | +€10,991 | +39.8% |
| Operating profit (loss) | 9901 | -€37,897 | -€31,146 | +€6,751 | +17.8% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €183 | €388 | +€205 | +113% |
| Recurring financial charges | 65 | €183 | €388 | +€205 | +113% |
| Profit (loss) for the period before taxes | 9903 | -€38,071 | -€31,534 | +€6,537 | +17.2% |
| Income taxes | 67/77 | €145 | €141 | -€4 | -2.8% |
| Profit (loss) for the period | 9904 | -€38,216 | -€31,675 | +€6,541 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,216 | -€31,675 | +€6,541 | +17.1% |
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 26 October 2026 via checked.be.