WALFILII: 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.
WALFILII
Largest movements
- Cash -€11,586
down €11,586 (-68.7%), from €16,856 to €5,269
mainly Net result for the year (-€66,796) and Accrued charges and deferred income (-€4,741)
- Receivables within one year -€8,416
down €8,416 (-2.8%), from €304,975 to €296,559
of which Other amounts receivable: -€14,739
- Profit (loss) carried forward -€66,796
down €66,796 (-261%), from -€25,558 to -€92,355
- Other debts +€38,210
up €38,210 (+36.3%), from €105,152 to €143,362
- Trade debts +€13,701
up €13,701 (+11.8%), from €116,422 to €130,123
- Accrued charges and deferred income -€4,741
no longer reported in 2024 (was €4,741)
- Staff costs +€26,767
up €26,767 (+19.2%), from €139,751 to €166,519
- Gross operating margin -€26,629
down €26,629 (-19.4%), from €137,227 to €110,598
- Taxes -€9,468
no longer reported in 2024 (was €9,468)
- Financial charges -€2,898
down €2,898 (-22.7%), from €12,758 to €9,860
- Depreciation -€1,383
down €1,383 (-72.1%), from €1,919 to €536
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 | €408,313 | €387,775 | -€20,538 | -5.0% |
| Fixed assets | 21/28 | €3,532 | €2,996 | -€536 | -15.2% |
| Tangible fixed assets | 22/27 | €982 | €446 | -€536 | -54.6% |
| Plant, machinery and equipment | 23 | €982 | €446 | -€536 | -54.6% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €404,781 | €384,778 | -€20,002 | -4.9% |
| Stocks and contracts in progress | 3 | €82,951 | €82,951 | = | 0.0% |
| Stocks | 30/36 | €82,951 | €82,951 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €304,975 | €296,559 | -€8,416 | -2.8% |
| Trade receivables | 40 | €264,988 | €271,311 | +€6,323 | +2.4% |
| Other amounts receivable | 41 | €39,986 | €25,247 | -€14,739 | -36.9% |
| Cash at bank and in hand | 54/58 | €16,856 | €5,269 | -€11,586 | -68.7% |
| Total equity and liabilities | 10/49 | €408,313 | €387,775 | -€20,538 | -5.0% |
| Equity | 10/15 | -€6,958 | -€73,754 | -€66,796 | -960% |
| Contributions | 10/11 | €18,601 | €18,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,558 | -€92,355 | -€66,796 | -261% |
| Amounts payable | 17/49 | €415,271 | €461,529 | +€46,258 | +11.1% |
| Amounts payable within one year | 42/48 | €410,530 | €461,529 | +€50,999 | +12.4% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Other loans | 439 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €116,422 | €130,123 | +€13,701 | +11.8% |
| Suppliers | 440/4 | €116,422 | €130,123 | +€13,701 | +11.8% |
| Advances received on contracts in progress | 46 | €1,259 | - | -€1,259 | |
| Taxes, remuneration and social security | 45 | €37,697 | €38,044 | +€347 | +0.9% |
| Taxes | 450/3 | €23,183 | €9,524 | -€13,659 | -58.9% |
| Remuneration and social security | 454/9 | €14,514 | €28,520 | +€14,006 | +96.5% |
| Other amounts payable | 47/48 | €105,152 | €143,362 | +€38,210 | +36.3% |
| Accrued charges and deferred income | 492/3 | €4,741 | - | -€4,741 | |
| Remuneration, social security and pensions | 62 | €139,751 | €166,519 | +€26,767 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,919 | €536 | -€1,383 | -72.1% |
| Other operating charges | 640/8 | €917 | €1,801 | +€884 | +96.4% |
| Gross operating margin | 9900 | €137,227 | €110,598 | -€26,629 | -19.4% |
| Operating profit (loss) | 9901 | -€5,360 | -€58,257 | -€52,897 | -987% |
| Financial income | 75/76B | €717 | €1,321 | +€604 | +84.4% |
| Recurring financial income | 75 | €717 | €1,321 | +€604 | +84.4% |
| Financial charges | 65/66B | €12,758 | €9,860 | -€2,898 | -22.7% |
| Recurring financial charges | 65 | €12,758 | €9,860 | -€2,898 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,401 | -€66,796 | -€49,395 | -284% |
| Income taxes | 67/77 | €9,468 | - | -€9,468 | |
| Profit (loss) for the period | 9904 | -€26,870 | -€66,796 | -€39,927 | -149% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,870 | -€66,796 | -€39,927 | -149% |
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 17 October 2026 via checked.be.