WALID TRANSPORT: 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.
WALID TRANSPORT
Largest movements
- Receivables within one year +€157,801
up €157,801 (+56.9%), from €277,493 to €435,295
of which Trade receivables: +€136,229
- Tangible fixed assets +€73,636
up €73,636 (+6.0%), from €1.2m to €1.3m
of which Land and buildings: +€137,440
- Cash -€71,546
down €71,546 (-34.9%), from €204,763 to €133,217
mainly Contributions, distributions and other (-€275,929) and Investment in fixed assets (net) (-€263,326)
- Other debts +€243,202
up €243,202 (+743%), from €32,727 to €275,929
- Reserves -€108,641
down €108,641 (-25.3%), from €429,798 to €321,157
- Tax, wage and social debts +€24,481
up €24,481 (+48.1%), from €50,884 to €75,364
of which Taxes: +€34,825
- Gross operating margin +€214,202
up €214,202 (+26.7%), from €801,826 to €1.0m
- Taxes +€46,217
up €46,217 (+231%), from €20,001 to €66,218
- Depreciation +€23,452
up €23,452 (+14.1%), from €166,237 to €189,690
- Staff costs -€18,988
down €18,988 (-4.9%), from €387,922 to €368,934
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 | €1,731,285 | €1,891,456 | +€160,171 | +9.3% |
| Fixed assets | 21/28 | €1,227,376 | €1,301,012 | +€73,636 | +6.0% |
| Tangible fixed assets | 22/27 | €1,217,201 | €1,290,837 | +€73,636 | +6.0% |
| Land and buildings | 22 | €754,867 | €892,307 | +€137,440 | +18.2% |
| Plant, machinery and equipment | 23 | - | €3,399 | +€3,399 | |
| Furniture and vehicles | 24 | €18,835 | €11,007 | -€7,828 | -41.6% |
| Leasing and similar rights | 25 | €443,499 | €384,124 | -€59,376 | -13.4% |
| Financial fixed assets | 28 | €10,175 | €10,175 | = | 0.0% |
| Current assets | 29/58 | €503,909 | €590,444 | +€86,534 | +17.2% |
| Amounts receivable within one year | 40/41 | €277,493 | €435,295 | +€157,801 | +56.9% |
| Trade receivables | 40 | €228,048 | €364,278 | +€136,229 | +59.7% |
| Other amounts receivable | 41 | €49,445 | €71,017 | +€21,572 | +43.6% |
| Cash at bank and in hand | 54/58 | €204,763 | €133,217 | -€71,546 | -34.9% |
| Deferred charges and accrued income | 490/1 | €21,653 | €21,932 | +€279 | +1.3% |
| Total equity and liabilities | 10/49 | €1,731,285 | €1,891,456 | +€160,171 | +9.3% |
| Equity | 10/15 | €591,187 | €482,546 | -€108,641 | -18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €429,798 | €321,157 | -€108,641 | -25.3% |
| Distributable reserves | 133 | €429,798 | €321,157 | -€108,641 | -25.3% |
| Profit (loss) carried forward | 14 | €142,789 | €142,789 | = | 0.0% |
| Amounts payable | 17/49 | €1,140,098 | €1,408,910 | +€268,811 | +23.6% |
| Amounts payable after more than one year | 17 | €806,565 | €794,851 | -€11,713 | -1.5% |
| Financial debts | 170/4 | €806,565 | €794,851 | -€11,713 | -1.5% |
| Amounts payable within one year | 42/48 | €333,534 | €614,058 | +€280,524 | +84.1% |
| Current portion of amounts payable after more than one year | 42 | €137,383 | €143,227 | +€5,844 | +4.3% |
| Financial debts | 43 | €36,775 | €45,721 | +€8,946 | +24.3% |
| Credit institutions | 430/8 | €36,775 | €45,721 | +€8,946 | +24.3% |
| Trade debts | 44 | €75,764 | €73,817 | -€1,948 | -2.6% |
| Suppliers | 440/4 | €75,764 | €73,817 | -€1,948 | -2.6% |
| Taxes, remuneration and social security | 45 | €50,884 | €75,364 | +€24,481 | +48.1% |
| Taxes | 450/3 | €4,156 | €38,981 | +€34,825 | +838% |
| Remuneration and social security | 454/9 | €46,728 | €36,384 | -€10,344 | -22.1% |
| Other amounts payable | 47/48 | €32,727 | €275,929 | +€243,202 | +743% |
| Non-recurring operating income | 76A | €3,852 | €8,000 | +€4,148 | +108% |
| Remuneration, social security and pensions | 62 | €387,922 | €368,934 | -€18,988 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,237 | €189,690 | +€23,452 | +14.1% |
| Other operating charges | 640/8 | €170,415 | €177,034 | +€6,619 | +3.9% |
| Non-recurring operating charges | 66A | €6,510 | €29,185 | +€22,675 | +348% |
| Gross operating margin | 9900 | €801,826 | €1,016,028 | +€214,202 | +26.7% |
| Operating profit (loss) | 9901 | €70,741 | €251,185 | +€180,444 | +255% |
| Financial income | 75/76B | €13,555 | €13,503 | -€52 | -0.4% |
| Recurring financial income | 75 | €13,555 | €13,503 | -€52 | -0.4% |
| Financial charges | 65/66B | €29,106 | €31,182 | +€2,076 | +7.1% |
| Recurring financial charges | 65 | €29,106 | €31,182 | +€2,076 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €55,190 | €233,506 | +€178,316 | +323% |
| Income taxes | 67/77 | €20,001 | €66,218 | +€46,217 | +231% |
| Profit (loss) for the period | 9904 | €35,189 | €167,288 | +€132,099 | +375% |
| Profit (loss) for the period to be appropriated | 9905 | €35,189 | €167,288 | +€132,099 | +375% |
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 17 October 2026 via checked.be.