Walinca: 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.
Walinca
Largest movements
- Cash +€943,762
up €943,762 (+224.8%), from €419,805 to €1.4m
mainly Other debts (+€766,706) and Investment in fixed assets (net) (+€736,551)
- Tangible fixed assets -€931,535
down €931,535 (-21.3%), from €4.4m to €3.4m
of which Land and buildings: -€927,446
- Receivables within one year -€70,948
down €70,948 (-21.8%), from €324,911 to €253,963
of which Trade receivables: -€96,243
- Receivables after one year -€64,160
down €64,160 (-30.0%), from €213,650 to €149,490
of which Trade receivables: -€163,650
- Other debts +€766,706
up €766,706 (+227.5%), from €337,081 to €1.1m
- Profit (loss) carried forward -€290,705
down €290,705 (-59.2%), from €490,957 to €200,252
- Reserves -€240,673
down €240,673 (-16.5%), from €1.5m to €1.2m
of which Tax-exempt reserves: -€240,673
- Debts after one year -€228,418
down €228,418 (-26.3%), from €869,056 to €640,638
of which Financial debts: -€215,518
- Provisions -€123,928
down €123,928 (-18.3%), from €677,822 to €553,894
- Gross operating margin +€381,276
up €381,276 (+108.3%), from €352,117 to €733,392
- Taxes +€146,786
up €146,786 (+2718.0%), from €5,401 to €152,187
- Other operating charges +€101,163
up €101,163 (+158.2%), from €63,942 to €165,104
- Depreciation -€49,766
down €49,766 (-20.3%), from €244,751 to €194,984
- Write-downs -€31,137
down €31,137 (-24.9%), from €125,000 to €93,863
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.
Cash bridge derived
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 | €5,351,555 | €5,228,626 | -€122,930 | -2.3% |
| Fixed assets | 21/28 | €4,377,759 | €3,446,223 | -€931,535 | -21.3% |
| Tangible fixed assets | 22/27 | €4,377,609 | €3,446,074 | -€931,535 | -21.3% |
| Land and buildings | 22 | €4,364,275 | €3,436,830 | -€927,446 | -21.3% |
| Furniture and vehicles | 24 | €13,334 | €9,244 | -€4,090 | -30.7% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €973,797 | €1,782,402 | +€808,606 | +83.0% |
| Amounts receivable after more than one year | 29 | €213,650 | €149,490 | -€64,160 | -30.0% |
| Trade receivables | 290 | €163,650 | €0 | -€163,650 | -100.0% |
| Other amounts receivable | 291 | €50,000 | €149,490 | +€99,490 | +199.0% |
| Amounts receivable within one year | 40/41 | €324,911 | €253,963 | -€70,948 | -21.8% |
| Trade receivables | 40 | €324,659 | €228,417 | -€96,243 | -29.6% |
| Other amounts receivable | 41 | €252 | €25,547 | +€25,294 | +10023.1% |
| Cash at bank and in hand | 54/58 | €419,805 | €1,363,567 | +€943,762 | +224.8% |
| Deferred charges and accrued income | 490/1 | €15,431 | €15,383 | -€48 | -0.3% |
| Total equity and liabilities | 10/49 | €5,351,555 | €5,228,626 | -€122,930 | -2.3% |
| Equity | 10/15 | €3,327,523 | €2,796,145 | -€531,378 | -16.0% |
| Contributions | 10/11 | €1,382,006 | €1,382,006 | = | 0.0% |
| Capital | 10 | €1,382,006 | €1,382,006 | = | 0.0% |
| Issued capital | 100 | €1,382,006 | €1,382,006 | = | 0.0% |
| Reserves | 13 | €1,454,559 | €1,213,886 | -€240,673 | -16.5% |
| Non-distributable reserves | 130/1 | €138,201 | €138,201 | = | 0.0% |
| Legal reserve | 130 | €138,201 | €138,201 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,316,359 | €1,075,685 | -€240,673 | -18.3% |
| Profit (loss) carried forward | 14 | €490,957 | €200,252 | -€290,705 | -59.2% |
| Provisions and deferred taxes | 16 | €677,822 | €553,894 | -€123,928 | -18.3% |
| Deferred taxes | 168 | €677,822 | €553,894 | -€123,928 | -18.3% |
| Amounts payable | 17/49 | €1,346,211 | €1,878,587 | +€532,376 | +39.5% |
| Amounts payable after more than one year | 17 | €869,056 | €640,638 | -€228,418 | -26.3% |
| Financial debts | 170/4 | €853,427 | €637,908 | -€215,518 | -25.3% |
| Other amounts payable | 178/9 | €15,629 | €2,729 | -€12,900 | -82.5% |
| Amounts payable within one year | 42/48 | €459,895 | €1,224,305 | +€764,410 | +166.2% |
| Current portion of amounts payable after more than one year | 42 | €74,622 | €65,095 | -€9,527 | -12.8% |
| Trade debts | 44 | €31,675 | €34,186 | +€2,511 | +7.9% |
| Suppliers | 440/4 | €31,675 | €34,186 | +€2,511 | +7.9% |
| Taxes, remuneration and social security | 45 | €16,517 | €21,237 | +€4,720 | +28.6% |
| Taxes | 450/3 | €15,117 | €19,837 | +€4,720 | +31.2% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 47/48 | €337,081 | €1,103,787 | +€766,706 | +227.5% |
| Accrued charges and deferred income | 492/3 | €17,259 | €13,644 | -€3,615 | -20.9% |
| Non-recurring operating income | 76A | - | €417,079 | +€417,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244,751 | €194,984 | -€49,766 | -20.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €125,000 | €93,863 | -€31,137 | -24.9% |
| Other operating charges | 640/8 | €63,942 | €165,104 | +€101,163 | +158.2% |
| Gross operating margin | 9900 | €352,117 | €733,392 | +€381,276 | +108.3% |
| Operating profit (loss) | 9901 | -€81,575 | €279,441 | +€361,016 | |
| Financial income | 75/76B | €6,564 | €9,195 | +€2,631 | +40.1% |
| Recurring financial income | 75 | €6,564 | €9,195 | +€2,631 | +40.1% |
| Financial charges | 65/66B | €44,469 | €41,755 | -€2,714 | -6.1% |
| Recurring financial charges | 65 | €44,469 | €41,755 | -€2,714 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€119,480 | €246,881 | +€366,361 | |
| Transfer from deferred taxes | 780 | €49,580 | €123,928 | +€74,348 | +150.0% |
| Income taxes | 67/77 | €5,401 | €152,187 | +€146,786 | +2718.0% |
| Profit (loss) for the period | 9904 | -€75,300 | €218,622 | +€293,922 | |
| Transfer from tax-exempt reserves | 789 | €96,287 | €240,673 | +€144,386 | +150.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,987 | €459,295 | +€438,309 | +2088.5% |
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 11 October 2026 via checked.be.