WALGOED: 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.
What changed
WALGOED
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€203,922
2024 · €74,444+€129,478
Equity
€4.0m
2024 · €3.8m+€203,922
Cash
€4,248
2024 · €1,589+€2,659
Balance sheet total
€10.4m
2024 · €10.4m-€70,374
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€511,854
down €511,854 (-13.4%), from €3.8m to €3.3m
- Other debts +€264,145
up €264,145 (+15.4%), from €1.7m to €2.0m
- Profit (loss) carried forward +€226,639
up €226,639 (+8.8%), from €2.6m to €2.8m
Income statement
- Gross operating margin +€480,768
up €480,768 (+22.2%), from €2.2m to €2.6m
- Staff costs +€240,201
up €240,201 (+18.8%), from €1.3m to €1.5m
- Depreciation -€123,815
down €123,815 (-20.3%), from €609,178 to €485,363
- Taxes +€114,401
up €114,401 (+1,425%), from €8,029 to €122,430
- Financial charges +€69,168
up €69,168 (+75.7%), from €91,319 to €160,487
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.
Result 2024
€74,444
Gross operating margin
+€480,768
Staff costs
-€240,201
Depreciation
+€123,815
Other operating charges
-€37,887
Financial income
-€13,411
Financial charges
-€69,168
Taxes
-€114,401
Deferred taxes and other
-€37
Result 2025
€203,922
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.0m
Investment
-€502,630
Financing
-€537,142
Cash 2024
€1,589
From operations (derived)
+€1.0m
Net result for the year
+€203,922
Depreciation
+€485,363
Receivables within one year
+€78,953
Deferred charges and accrued income
+€11,347
Provisions
-€7,573
Trade debts
-€88,607
Tax, wage and social debts
+€88,262
Other debts
+€264,145
Accrued charges and deferred income
+€6,619
Investment (derived)
-€502,630
Investment in fixed assets (net)
-€502,630
Financing
-€537,142
Debts after one year
-€511,854
Current portion of long-term debt
-€25,288
Cash 2025
€4,248
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,446,142 | €10,375,769 | -€70,374 | -0.7% |
| Fixed assets | 21/28 | €10,324,467 | €10,341,735 | +€17,267 | +0.2% |
| Tangible fixed assets | 22/27 | €10,324,467 | €10,341,735 | +€17,267 | +0.2% |
| Land and buildings | 22 | €10,322,136 | €10,309,466 | -€12,670 | -0.1% |
| Plant, machinery and equipment | 23 | - | €30,481 | +€30,481 | |
| Furniture and vehicles | 24 | €2,331 | €1,787 | -€544 | -23.3% |
| Current assets | 29/58 | €121,675 | €34,034 | -€87,641 | -72.0% |
| Amounts receivable within one year | 40/41 | €92,204 | €13,251 | -€78,953 | -85.6% |
| Trade receivables | 40 | €7,573 | €10,591 | +€3,018 | +39.8% |
| Other amounts receivable | 41 | €84,631 | €2,660 | -€81,971 | -96.9% |
| Cash at bank and in hand | 54/58 | €1,589 | €4,248 | +€2,659 | +167% |
| Deferred charges and accrued income | 490/1 | €27,882 | €16,535 | -€11,347 | -40.7% |
| Total equity and liabilities | 10/49 | €10,446,142 | €10,375,769 | -€70,374 | -0.7% |
| Equity | 10/15 | €3,755,311 | €3,959,233 | +€203,922 | +5.4% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €1,080,405 | €1,057,687 | -€22,717 | -2.1% |
| Tax-exempt reserves | 132 | €1,080,405 | €1,057,687 | -€22,717 | -2.1% |
| Profit (loss) carried forward | 14 | €2,564,907 | €2,791,546 | +€226,639 | +8.8% |
| Provisions and deferred taxes | 16 | €66,838 | €59,266 | -€7,573 | -11.3% |
| Deferred taxes | 168 | €66,838 | €59,266 | -€7,573 | -11.3% |
| Amounts payable | 17/49 | €6,623,993 | €6,357,270 | -€266,723 | -4.0% |
| Amounts payable after more than one year | 17 | €3,806,053 | €3,294,199 | -€511,854 | -13.4% |
| Financial debts | 170/4 | €3,806,053 | €3,294,199 | -€511,854 | -13.4% |
| Amounts payable within one year | 42/48 | €2,786,654 | €3,025,167 | +€238,513 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €528,002 | €502,714 | -€25,288 | -4.8% |
| Trade debts | 44 | €170,931 | €82,324 | -€88,607 | -51.8% |
| Suppliers | 440/4 | €170,931 | €82,324 | -€88,607 | -51.8% |
| Taxes, remuneration and social security | 45 | €368,796 | €457,058 | +€88,262 | +23.9% |
| Taxes | 450/3 | €286,404 | €360,867 | +€74,462 | +26.0% |
| Remuneration and social security | 454/9 | €82,392 | €96,192 | +€13,800 | +16.7% |
| Other amounts payable | 47/48 | €1,718,925 | €1,983,071 | +€264,145 | +15.4% |
| Accrued charges and deferred income | 492/3 | €31,286 | €37,905 | +€6,619 | +21.2% |
| Remuneration, social security and pensions | 62 | €1,275,607 | €1,515,808 | +€240,201 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609,178 | €485,363 | -€123,815 | -20.3% |
| Other operating charges | 640/8 | €124,832 | €162,718 | +€37,887 | +30.4% |
| Gross operating margin | 9900 | €2,162,388 | €2,643,155 | +€480,768 | +22.2% |
| Operating profit (loss) | 9901 | €152,771 | €479,266 | +€326,495 | +214% |
| Financial income | 75/76B | €13,411 | €0 | -€13,411 | -100.0% |
| Recurring financial income | 75 | €13,411 | €0 | -€13,411 | -100.0% |
| Financial charges | 65/66B | €91,319 | €160,487 | +€69,168 | +75.7% |
| Recurring financial charges | 65 | €91,319 | €160,487 | +€69,168 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €74,863 | €318,779 | +€243,916 | +326% |
| Transfer from deferred taxes | 780 | €7,610 | €7,573 | -€37 | -0.5% |
| Income taxes | 67/77 | €8,029 | €122,430 | +€114,401 | +1,425% |
| Profit (loss) for the period | 9904 | €74,444 | €203,922 | +€129,478 | +174% |
| Transfer from tax-exempt reserves | 789 | €22,830 | €22,717 | -€112 | -0.5% |
| Transfer to tax-exempt reserves | 689 | €101,040 | - | -€101,040 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,767 | €226,639 | +€230,406 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.