Walh'in Move: 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.
Walh'in Move
Largest movements
- Tangible fixed assets -€27,940
down €27,940 (-5.3%), from €530,286 to €502,346
of which Land and buildings: -€30,281
- Receivables within one year -€8,677
down €8,677 (-91.6%), from €9,477 to €799
of which Other amounts receivable: -€9,477
- Cash +€7,392
up €7,392 (+423%), from €1,746 to €9,138
mainly Depreciation (+€21,760) and Receivables within one year (+€8,677)
- Trade debts -€20,517
down €20,517 (-76.1%), from €26,955 to €6,438
- Debts after one year -€14,452
down €14,452 (-3.2%), from €450,413 to €435,960
of which Financial debts: -€17,753
- Gross operating margin -€12,595
down €12,595 (-25.6%), from €49,256 to €36,662
- Depreciation -€3,536
down €3,536 (-14.0%), from €25,296 to €21,760
- Taxes +€2,850
up €2,850 (+227%), from €1,254 to €4,105
- Other operating charges +€498
up €498 (+21.8%), from €2,281 to €2,778
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 | €546,482 | €516,954 | -€29,529 | -5.4% |
| Formation expenses | 20 | €548 | €285 | -€263 | -48.0% |
| Fixed assets | 21/28 | €530,286 | €502,346 | -€27,940 | -5.3% |
| Tangible fixed assets | 22/27 | €530,286 | €502,346 | -€27,940 | -5.3% |
| Land and buildings | 22 | €519,251 | €488,970 | -€30,281 | -5.8% |
| Plant, machinery and equipment | 23 | €9,969 | €11,129 | +€1,159 | +11.6% |
| Furniture and vehicles | 24 | €1,065 | €2,247 | +€1,181 | +111% |
| Current assets | 29/58 | €15,649 | €14,323 | -€1,326 | -8.5% |
| Amounts receivable within one year | 40/41 | €9,477 | €799 | -€8,677 | -91.6% |
| Trade receivables | 40 | - | €799 | +€799 | |
| Other amounts receivable | 41 | €9,477 | - | -€9,477 | |
| Cash at bank and in hand | 54/58 | €1,746 | €9,138 | +€7,392 | +423% |
| Deferred charges and accrued income | 490/1 | €4,426 | €4,386 | -€41 | -0.9% |
| Total equity and liabilities | 10/49 | €546,482 | €516,954 | -€29,529 | -5.4% |
| Equity | 10/15 | €50,447 | €52,698 | +€2,251 | +4.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,133 | €29,133 | = | 0.0% |
| Distributable reserves | 133 | €29,133 | €29,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,314 | €3,565 | +€2,251 | +171% |
| Amounts payable | 17/49 | €496,035 | €464,256 | -€31,780 | -6.4% |
| Amounts payable after more than one year | 17 | €450,413 | €435,960 | -€14,452 | -3.2% |
| Financial debts | 170/4 | €331,610 | €313,857 | -€17,753 | -5.4% |
| Other amounts payable | 178/9 | €118,803 | €122,103 | +€3,300 | +2.8% |
| Amounts payable within one year | 42/48 | €45,623 | €28,295 | -€17,327 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €17,537 | €17,753 | +€216 | +1.2% |
| Trade debts | 44 | €26,955 | €6,438 | -€20,517 | -76.1% |
| Suppliers | 440/4 | €26,955 | €6,438 | -€20,517 | -76.1% |
| Taxes, remuneration and social security | 45 | €1,131 | €4,105 | +€2,974 | +263% |
| Taxes | 450/3 | €1,131 | €4,105 | +€2,974 | +263% |
| Remuneration, social security and pensions | 62 | €93 | - | -€93 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,296 | €21,760 | -€3,536 | -14.0% |
| Other operating charges | 640/8 | €2,281 | €2,778 | +€498 | +21.8% |
| Non-recurring operating charges | 66A | - | €1,501 | +€1,501 | |
| Gross operating margin | 9900 | €49,256 | €36,662 | -€12,595 | -25.6% |
| Operating profit (loss) | 9901 | €21,586 | €10,622 | -€10,964 | -50.8% |
| Financial charges | 65/66B | €4,483 | €4,267 | -€216 | -4.8% |
| Recurring financial charges | 65 | €4,483 | €4,267 | -€216 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €17,103 | €6,356 | -€10,748 | -62.8% |
| Income taxes | 67/77 | €1,254 | €4,105 | +€2,850 | +227% |
| Profit (loss) for the period | 9904 | €15,849 | €2,251 | -€13,598 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,849 | €2,251 | -€13,598 | -85.8% |
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 29 October 2026 via checked.be.