Walfin Consulting: what changed
Walfin Consulting
Largest movements
- Tangible fixed assets +€237,323
up €237,323 (+158%), from €150,632 to €387,955
of which Land and buildings: +€236,453
- Cash -€222,861
down €222,861 (-58.5%), from €381,017 to €158,155
mainly Investment in fixed assets (net) (-€263,974) and Other debts (-€245,151)
- Current investments -€53,475
down €53,475 (-46.2%), from €115,850 to €62,375
- Receivables within one year +€9,796
up €9,796 (+12.4%), from €79,138 to €88,935
of which Other amounts receivable: +€12,001
- Other debts -€245,151
down €245,151 (-42.0%), from €584,328 to €339,176
- Debts after one year +€164,556
up €164,556 (+1,275%), from €12,909 to €177,465
of which Trade debts: +€168,351
- Tax, wage and social debts +€22,890
up €22,890 (+64.4%), from €35,550 to €58,440
- Reserves +€20,664
up €20,664 (+32.2%), from €64,170 to €84,834
of which Distributable reserves: +€20,664
- Financial income +€37,707
up €37,707 (+2,384%), from €1,582 to €39,289
of which Financial income: +€27,804
- Depreciation +€5,048
up €5,048 (+23.4%), from €21,602 to €26,650
- Gross operating margin +€4,242
up €4,242 (+7.1%), from €59,954 to €64,196
- Taxes +€4,026
up €4,026 (+33.6%), from €11,975 to €16,000
- Financial charges +€3,085
up €3,085 (+172%), from €1,795 to €4,881
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €729,803 | €700,148 | -€29,654 | -4.1% |
| Fixed assets | 21/28 | €150,632 | €387,955 | +€237,323 | +158% |
| Tangible fixed assets | 22/27 | €150,632 | €387,955 | +€237,323 | +158% |
| Land and buildings | 22 | €150,129 | €386,582 | +€236,453 | +158% |
| Plant, machinery and equipment | 23 | €367 | €275 | -€92 | -25.0% |
| Furniture and vehicles | 24 | €137 | €1,098 | +€962 | +703% |
| Current assets | 29/58 | €579,170 | €312,193 | -€266,978 | -46.1% |
| Amounts receivable within one year | 40/41 | €79,138 | €88,935 | +€9,796 | +12.4% |
| Trade receivables | 40 | €12,705 | €10,500 | -€2,205 | -17.4% |
| Other amounts receivable | 41 | €66,433 | €78,435 | +€12,001 | +18.1% |
| Current investments | 50/53 | €115,850 | €62,375 | -€53,475 | -46.2% |
| Cash at bank and in hand | 54/58 | €381,017 | €158,155 | -€222,861 | -58.5% |
| Deferred charges and accrued income | 490/1 | €3,165 | €2,727 | -€438 | -13.8% |
| Total equity and liabilities | 10/49 | €729,803 | €700,148 | -€29,654 | -4.1% |
| Equity | 10/15 | €86,147 | €106,810 | +€20,664 | +24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,170 | €84,834 | +€20,664 | +32.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €62,310 | €82,974 | +€20,664 | +33.2% |
| Profit (loss) carried forward | 14 | €3,377 | €3,377 | = | 0.0% |
| Amounts payable | 17/49 | €643,656 | €593,338 | -€50,318 | -7.8% |
| Amounts payable after more than one year | 17 | €12,909 | €177,465 | +€164,556 | +1,275% |
| Financial debts | 170/4 | €12,909 | €9,114 | -€3,794 | -29.4% |
| Trade debts | 175 | - | €168,351 | +€168,351 | |
| Amounts payable within one year | 42/48 | €630,747 | €415,873 | -€214,874 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €4,960 | €7,682 | +€2,722 | +54.9% |
| Trade debts | 44 | €5,910 | €10,574 | +€4,664 | +78.9% |
| Suppliers | 440/4 | €5,910 | €10,574 | +€4,664 | +78.9% |
| Taxes, remuneration and social security | 45 | €35,550 | €58,440 | +€22,890 | +64.4% |
| Taxes | 450/3 | €35,550 | €58,440 | +€22,890 | +64.4% |
| Other amounts payable | 47/48 | €584,328 | €339,176 | -€245,151 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,602 | €26,650 | +€5,048 | +23.4% |
| Other operating charges | 640/8 | €1,606 | €1,430 | -€176 | -10.9% |
| Gross operating margin | 9900 | €59,954 | €64,196 | +€4,242 | +7.1% |
| Operating profit (loss) | 9901 | €36,746 | €36,115 | -€631 | -1.7% |
| Financial income | 75/76B | €1,582 | €39,289 | +€37,707 | +2,384% |
| Recurring financial income | 75 | €1,582 | €29,386 | +€27,804 | +1,758% |
| Non-recurring financial income | 76B | - | €9,903 | +€9,903 | |
| Financial charges | 65/66B | €1,795 | €4,881 | +€3,085 | +172% |
| Recurring financial charges | 65 | €1,795 | €4,881 | +€3,085 | +172% |
| Profit (loss) for the period before taxes | 9903 | €36,532 | €70,523 | +€33,991 | +93.0% |
| Income taxes | 67/77 | €11,975 | €16,000 | +€4,026 | +33.6% |
| Profit (loss) for the period | 9904 | €24,558 | €54,523 | +€29,965 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €24,558 | €54,523 | +€29,965 | +122% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.