WALHIN CONCEPT & CONSTRUCTION: 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.
WALHIN CONCEPT & CONSTRUCTION
Largest movements
- Tangible fixed assets -€749,986
down €749,986 (-53.4%), from €1.4m to €655,597
of which Land and buildings: -€619,619
- Receivables within one year +€359,087
up €359,087 (+144%), from €249,143 to €608,230
of which Trade receivables: +€442,754
- Deferred charges and accrued income +€344,095
up €344,095 (+7,053%), from €4,879 to €348,973
- Stocks and contracts +€192,360
up €192,360 (+69.2%), from €277,950 to €470,310
of which Stocks: +€189,760
- Other debts +€376,493
up €376,493 (+1,209%), from €31,128 to €407,621
- Revaluation surpluses -€159,701
down €159,701 (-100%), from €159,701 to €0
- Debts after one year -€81,403
down €81,403 (-16.1%), from €506,984 to €425,580
- Trade debts -€60,287
down €60,287 (-13.6%), from €443,083 to €382,796
- Investment grants -€50,465
down €50,465 (-28.5%), from €176,914 to €126,449
- Other operating charges +€182,869
up €182,869 (+598%), from €30,564 to €213,434
- Gross operating margin +€154,983
up €154,983 (+47.8%), from €324,023 to €479,006
- Financial charges -€32,491
down €32,491 (-41.9%), from €77,475 to €44,984
- Depreciation +€32,332
up €32,332 (+16.8%), from €192,135 to €224,467
- Staff costs -€30,544
down €30,544 (-96.4%), from €31,698 to €1,154
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 | €1,978,880 | €2,117,374 | +€138,494 | +7.0% |
| Fixed assets | 21/28 | €1,439,712 | €674,596 | -€765,116 | -53.1% |
| Intangible fixed assets | 21 | €33,950 | €18,819 | -€15,131 | -44.6% |
| Tangible fixed assets | 22/27 | €1,405,582 | €655,597 | -€749,986 | -53.4% |
| Land and buildings | 22 | €684,217 | €64,598 | -€619,619 | -90.6% |
| Plant, machinery and equipment | 23 | €630,526 | €523,859 | -€106,667 | -16.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €90,839 | €67,139 | -€23,700 | -26.1% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €539,168 | €1,442,778 | +€903,610 | +168% |
| Stocks and contracts in progress | 3 | €277,950 | €470,310 | +€192,360 | +69.2% |
| Stocks | 30/36 | €251,950 | €441,710 | +€189,760 | +75.3% |
| Contracts in progress | 37 | €26,000 | €28,600 | +€2,600 | +10.0% |
| Amounts receivable within one year | 40/41 | €249,143 | €608,230 | +€359,087 | +144% |
| Trade receivables | 40 | €116,434 | €559,188 | +€442,754 | +380% |
| Other amounts receivable | 41 | €132,709 | €49,042 | -€83,667 | -63.0% |
| Cash at bank and in hand | 54/58 | €7,195 | €15,264 | +€8,069 | +112% |
| Deferred charges and accrued income | 490/1 | €4,879 | €348,973 | +€344,095 | +7,053% |
| Total equity and liabilities | 10/49 | €1,978,880 | €2,117,374 | +€138,494 | +7.0% |
| Equity | 10/15 | €804,000 | €622,455 | -€181,545 | -22.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €159,701 | €0 | -€159,701 | -100% |
| Reserves | 13 | €201,170 | €218,904 | +€17,734 | +8.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €194,970 | €212,704 | +€17,734 | +9.1% |
| Profit (loss) carried forward | 14 | €204,214 | €215,103 | +€10,888 | +5.3% |
| Investment grants | 15 | €176,914 | €126,449 | -€50,465 | -28.5% |
| Amounts payable | 17/49 | €1,174,880 | €1,494,919 | +€320,039 | +27.2% |
| Amounts payable after more than one year | 17 | €506,984 | €425,580 | -€81,403 | -16.1% |
| Financial debts | 170/4 | €506,984 | €425,580 | -€81,403 | -16.1% |
| Amounts payable within one year | 42/48 | €667,897 | €1,030,939 | +€363,042 | +54.4% |
| Current portion of amounts payable after more than one year | 42 | €128,654 | €173,153 | +€44,499 | +34.6% |
| Financial debts | 43 | €25,000 | €42,354 | +€17,354 | +69.4% |
| Credit institutions | 430/8 | €25,000 | €42,354 | +€17,354 | +69.4% |
| Trade debts | 44 | €443,083 | €382,796 | -€60,287 | -13.6% |
| Suppliers | 440/4 | €443,083 | €382,796 | -€60,287 | -13.6% |
| Taxes, remuneration and social security | 45 | €40,032 | €25,015 | -€15,017 | -37.5% |
| Taxes | 450/3 | €36,632 | €21,615 | -€15,017 | -41.0% |
| Remuneration and social security | 454/9 | €3,400 | €3,400 | = | 0.0% |
| Other amounts payable | 47/48 | €31,128 | €407,621 | +€376,493 | +1,209% |
| Accrued charges and deferred income | 492/3 | €0 | €38,400 | +€38,400 | |
| Remuneration, social security and pensions | 62 | €31,698 | €1,154 | -€30,544 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,135 | €224,467 | +€32,332 | +16.8% |
| Other operating charges | 640/8 | €30,564 | €213,434 | +€182,869 | +598% |
| Non-recurring operating charges | 66A | - | €26,236 | +€26,236 | |
| Gross operating margin | 9900 | €324,023 | €479,006 | +€154,983 | +47.8% |
| Operating profit (loss) | 9901 | €69,626 | €13,715 | -€55,911 | -80.3% |
| Financial income | 75/76B | €29,483 | €50,683 | +€21,200 | +71.9% |
| Recurring financial income | 75 | €29,483 | €50,683 | +€21,200 | +71.9% |
| Financial charges | 65/66B | €77,475 | €44,984 | -€32,491 | -41.9% |
| Recurring financial charges | 65 | €77,475 | €44,984 | -€32,491 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €21,634 | €19,414 | -€2,219 | -10.3% |
| Income taxes | 67/77 | €9,250 | €8,526 | -€724 | -7.8% |
| Profit (loss) for the period | 9904 | €12,383 | €10,888 | -€1,495 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,383 | €10,888 | -€1,495 | -12.1% |
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 13 October 2026 via checked.be.