WALHAINTER: 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.
WALHAINTER
Largest movements
- Cash +€99,125
up €99,125 (+80.1%), from €123,732 to €222,857
mainly Other debts (+€1.4m) and Depreciation (+€3,967)
- Receivables within one year +€9,627
up €9,627 (+7.4%), from €129,441 to €139,068
of which Trade receivables: +€17,288
- Tangible fixed assets -€3,967
down €3,967 (-29.5%), from €13,431 to €9,464
- Other debts +€1.4m
up €1.4m (+519%), from €278,573 to €1.7m
- Trade debts -€1.3m
down €1.3m (-93.1%), from €1.4m to €96,190
- Profit (loss) carried forward -€37,198
down €37,198 (-2.4%), from -€1.5m to -€1.6m
- Debts after one year -€5,497
down €5,497 (-41.2%), from €13,345 to €7,848
of which Financial debts: -€5,497
- Current portion of long-term debt -€5,293
down €5,293 (-49.6%), from €10,670 to €5,377
- Purchases and services -€236,197
down €236,197 (-95.4%), from €247,556 to €11,359
- Staff costs -€194,532
down €194,532 (-99.5%), from €195,514 to €982
- Turnover -€62,340
down €62,340 (-91.2%), from €68,362 to €6,022
- Gross operating margin +€31,254
up €31,254 (+97.6%), from -€32,036 to -€781
- Financial charges -€20,009
down €20,009 (-82.4%), from €24,286 to €4,277
of which Non-recurring financial charges: -€12,272
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 | €266,604 | €371,389 | +€104,784 | +39.3% |
| Fixed assets | 21/28 | €13,431 | €9,464 | -€3,967 | -29.5% |
| Tangible fixed assets | 22/27 | €13,431 | €9,464 | -€3,967 | -29.5% |
| Leasing and similar rights | 25 | €13,431 | €9,464 | -€3,967 | -29.5% |
| Current assets | 29/58 | €253,173 | €361,925 | +€108,752 | +43.0% |
| Amounts receivable within one year | 40/41 | €129,441 | €139,068 | +€9,627 | +7.4% |
| Trade receivables | 40 | €112,263 | €129,551 | +€17,288 | +15.4% |
| Other amounts receivable | 41 | €17,177 | €9,517 | -€7,661 | -44.6% |
| Cash at bank and in hand | 54/58 | €123,732 | €222,857 | +€99,125 | +80.1% |
| Total equity and liabilities | 10/49 | €266,604 | €371,389 | +€104,784 | +39.3% |
| Equity | 10/15 | -€1,424,533 | -€1,461,731 | -€37,198 | -2.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,524,533 | -€1,561,731 | -€37,198 | -2.4% |
| Amounts payable | 17/49 | €1,691,137 | €1,833,120 | +€141,983 | +8.4% |
| Amounts payable after more than one year | 17 | €13,345 | €7,848 | -€5,497 | -41.2% |
| Financial debts | 170/4 | €9,545 | €4,048 | -€5,497 | -57.6% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,677,792 | €1,825,271 | +€147,479 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €10,670 | €5,377 | -€5,293 | -49.6% |
| Trade debts | 44 | €1,388,549 | €96,190 | -€1.3m | -93.1% |
| Suppliers | 440/4 | €1,388,549 | €96,190 | -€1.3m | -93.1% |
| Other amounts payable | 47/48 | €278,573 | €1,723,705 | +€1.4m | +519% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Turnover | 70 | €68,362 | €6,022 | -€62,340 | -91.2% |
| Non-recurring operating income | 76A | €147,159 | €4,556 | -€142,602 | -96.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €247,556 | €11,359 | -€236,197 | -95.4% |
| Remuneration, social security and pensions | 62 | €195,514 | €982 | -€194,532 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,304 | €3,967 | -€10,336 | -72.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,300 | - | +€2,300 | |
| Other operating charges | 640/8 | €8,934 | €528 | -€8,405 | -94.1% |
| Non-recurring operating charges | 66A | €46,430 | €26,209 | -€20,221 | -43.6% |
| Gross operating margin | 9900 | -€32,036 | -€781 | +€31,254 | +97.6% |
| Operating profit (loss) | 9901 | -€294,916 | -€32,468 | +€262,449 | +89.0% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €24,286 | €4,277 | -€20,009 | -82.4% |
| Recurring financial charges | 65 | €11,723 | €3,986 | -€7,737 | -66.0% |
| Non-recurring financial charges | 66B | €12,563 | €291 | -€12,272 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | -€319,199 | -€36,745 | +€282,455 | +88.5% |
| Transfer to deferred taxes | 680 | - | €1 | +€1 | |
| Income taxes | 67/77 | - | €453 | +€453 | |
| Profit (loss) for the period | 9904 | -€319,199 | -€37,198 | +€282,001 | +88.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€319,199 | -€37,198 | +€282,001 | +88.3% |
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.