WaLK: 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.
WaLK
Largest movements
- Financial fixed assets +€1.2m
up €1.2m (+39,800%), from €2,889 to €1.2m
- Current investments -€442,856
down €442,856 (-96.2%), from €460,413 to €17,557
- Receivables within one year -€200,782
down €200,782 (-27.6%), from €726,192 to €525,410
of which Other amounts receivable: -€137,765
- Cash +€93,767
up €93,767 (+716%), from €13,087 to €106,854
mainly Debts after one year (+€693,660) and Current investments (+€442,856)
- Tangible fixed assets -€32,956
down €32,956 (-8.5%), from €386,891 to €353,935
of which Land and buildings: -€26,730
- Debts after one year +€693,660
up €693,660 (+337%), from €205,622 to €899,282
- Tax, wage and social debts -€121,790
down €121,790 (-67.1%), from €181,457 to €59,666
- Current portion of long-term debt +€29,862
up €29,862 (+98.4%), from €30,354 to €60,217
- Profit (loss) carried forward -€29,647
down €29,647 (-11.0%), from €269,458 to €239,811
- Gross operating margin -€552,972
down €552,972 (-93.9%), from €589,145 to €36,173
- Taxes -€181,457
no longer reported in 2025 (was €181,457)
- Other operating charges +€53,869
up €53,869 (+886%), from €6,082 to €59,951
- Financial income +€17,545
up €17,545 (+125%), from €14,069 to €31,613
- Staff costs +€11,139
no longer reported in 2025 (was -€11,139)
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 | €1,590,081 | €2,157,356 | +€567,275 | +35.7% |
| Fixed assets | 21/28 | €389,781 | €1,506,825 | +€1.1m | +287% |
| Tangible fixed assets | 22/27 | €386,891 | €353,935 | -€32,956 | -8.5% |
| Land and buildings | 22 | €372,873 | €346,143 | -€26,730 | -7.2% |
| Furniture and vehicles | 24 | €14,018 | €7,792 | -€6,226 | -44.4% |
| Financial fixed assets | 28 | €2,889 | €1,152,889 | +€1.2m | +39,800% |
| Current assets | 29/58 | €1,200,300 | €650,531 | -€549,769 | -45.8% |
| Amounts receivable within one year | 40/41 | €726,192 | €525,410 | -€200,782 | -27.6% |
| Trade receivables | 40 | €368,034 | €305,018 | -€63,017 | -17.1% |
| Other amounts receivable | 41 | €358,158 | €220,392 | -€137,765 | -38.5% |
| Current investments | 50/53 | €460,413 | €17,557 | -€442,856 | -96.2% |
| Cash at bank and in hand | 54/58 | €13,087 | €106,854 | +€93,767 | +716% |
| Deferred charges and accrued income | 490/1 | €608 | €710 | +€102 | +16.8% |
| Total equity and liabilities | 10/49 | €1,590,081 | €2,157,356 | +€567,275 | +35.7% |
| Equity | 10/15 | €1,162,304 | €1,123,157 | -€39,147 | -3.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €882,845 | €873,345 | -€9,500 | -1.1% |
| Distributable reserves | 133 | €882,845 | €873,345 | -€9,500 | -1.1% |
| Profit (loss) carried forward | 14 | €269,458 | €239,811 | -€29,647 | -11.0% |
| Amounts payable | 17/49 | €427,778 | €1,034,199 | +€606,422 | +142% |
| Amounts payable after more than one year | 17 | €205,622 | €899,282 | +€693,660 | +337% |
| Financial debts | 170/4 | €205,622 | €899,282 | +€693,660 | +337% |
| Amounts payable within one year | 42/48 | €222,156 | €134,917 | -€87,238 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €30,354 | €60,217 | +€29,862 | +98.4% |
| Trade debts | 44 | €8,431 | €1,867 | -€6,565 | -77.9% |
| Suppliers | 440/4 | €8,431 | €1,867 | -€6,565 | -77.9% |
| Taxes, remuneration and social security | 45 | €181,457 | €59,666 | -€121,790 | -67.1% |
| Taxes | 450/3 | €181,457 | €59,666 | -€121,790 | -67.1% |
| Other amounts payable | 47/48 | €1,913 | €13,168 | +€11,254 | +588% |
| Remuneration, social security and pensions | 62 | -€11,139 | - | +€11,139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,557 | €32,956 | -€2,601 | -7.3% |
| Other operating charges | 640/8 | €6,082 | €59,951 | +€53,869 | +886% |
| Gross operating margin | 9900 | €589,145 | €36,173 | -€552,972 | -93.9% |
| Operating profit (loss) | 9901 | €558,645 | -€56,734 | -€615,380 | |
| Financial income | 75/76B | €14,069 | €31,613 | +€17,545 | +125% |
| Recurring financial income | 75 | €14,069 | €31,613 | +€17,545 | +125% |
| Financial charges | 65/66B | €5,013 | €4,526 | -€487 | -9.7% |
| Recurring financial charges | 65 | €5,013 | €4,526 | -€487 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €567,701 | -€29,647 | -€597,348 | |
| Income taxes | 67/77 | €181,457 | - | -€181,457 | |
| Profit (loss) for the period | 9904 | €386,245 | -€29,647 | -€415,892 | |
| Profit (loss) for the period to be appropriated | 9905 | €386,245 | -€29,647 | -€415,892 |
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.