WALK 2 IMPROVE: 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 2 IMPROVE
Largest movements
- Tangible fixed assets -€16,863
down €16,863 (-4.3%), from €395,913 to €379,050
of which Land and buildings: -€13,161
- Cash +€14,056
up €14,056 (+27.3%), from €51,502 to €65,558
mainly Net result for the year (+€20,466) and Depreciation (+€19,882)
- Debts after one year -€17,593
down €17,593 (-7.9%), from €222,383 to €204,790
- Accrued charges and deferred income +€6,696
up €6,696 (+239%), from €2,807 to €9,503
- Gross operating margin -€6,400
down €6,400 (-9.4%), from €67,758 to €61,357
- Financial charges +€5,830
up €5,830 (+80.0%), from €7,290 to €13,120
- Taxes -€3,225
down €3,225 (-30.0%), from €10,757 to €7,531
- Financial income +€2,265
up €2,265 (+11,324,750%), from €0 to €2,265
- Depreciation +€2,117
up €2,117 (+11.9%), from €17,765 to €19,882
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 | €556,874 | €554,208 | -€2,666 | -0.5% |
| Fixed assets | 21/28 | €395,913 | €379,050 | -€16,863 | -4.3% |
| Tangible fixed assets | 22/27 | €395,913 | €379,050 | -€16,863 | -4.3% |
| Land and buildings | 22 | €375,246 | €362,085 | -€13,161 | -3.5% |
| Plant, machinery and equipment | 23 | €4,381 | €2,975 | -€1,407 | -32.1% |
| Furniture and vehicles | 24 | €8,511 | €7,418 | -€1,093 | -12.8% |
| Other tangible fixed assets | 26 | €7,775 | €6,572 | -€1,202 | -15.5% |
| Current assets | 29/58 | €160,960 | €175,158 | +€14,198 | +8.8% |
| Amounts receivable within one year | 40/41 | €8,635 | €9,201 | +€566 | +6.6% |
| Trade receivables | 40 | €940 | €2,577 | +€1,637 | +174% |
| Other amounts receivable | 41 | €7,694 | €6,623 | -€1,071 | -13.9% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,502 | €65,558 | +€14,056 | +27.3% |
| Deferred charges and accrued income | 490/1 | €823 | €399 | -€424 | -51.5% |
| Total equity and liabilities | 10/49 | €556,874 | €554,208 | -€2,666 | -0.5% |
| Equity | 10/15 | €174,456 | €184,922 | +€10,466 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,860 | €76,860 | +€5,000 | +7.0% |
| Distributable reserves | 133 | €71,860 | €76,860 | +€5,000 | +7.0% |
| Profit (loss) carried forward | 14 | €83,996 | €89,462 | +€5,466 | +6.5% |
| Amounts payable | 17/49 | €382,418 | €369,286 | -€13,132 | -3.4% |
| Amounts payable after more than one year | 17 | €222,383 | €204,790 | -€17,593 | -7.9% |
| Financial debts | 170/4 | €222,383 | €204,790 | -€17,593 | -7.9% |
| Amounts payable within one year | 42/48 | €157,227 | €154,993 | -€2,235 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €17,259 | €17,593 | +€333 | +1.9% |
| Trade debts | 44 | €9,817 | €6,541 | -€3,276 | -33.4% |
| Suppliers | 440/4 | €9,817 | €6,541 | -€3,276 | -33.4% |
| Taxes, remuneration and social security | 45 | €6,600 | €4,800 | -€1,800 | -27.3% |
| Taxes | 450/3 | €6,600 | €4,800 | -€1,800 | -27.3% |
| Other amounts payable | 47/48 | €123,551 | €126,059 | +€2,508 | +2.0% |
| Accrued charges and deferred income | 492/3 | €2,807 | €9,503 | +€6,696 | +239% |
| Non-recurring operating income | 76A | - | €233 | +€233 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,765 | €19,882 | +€2,117 | +11.9% |
| Other operating charges | 640/8 | €2,921 | €2,623 | -€298 | -10.2% |
| Gross operating margin | 9900 | €67,758 | €61,357 | -€6,400 | -9.4% |
| Operating profit (loss) | 9901 | €47,071 | €38,852 | -€8,219 | -17.5% |
| Financial income | 75/76B | €0 | €2,265 | +€2,265 | +11,324,750% |
| Recurring financial income | 75 | €0 | €2,265 | +€2,265 | +11,324,750% |
| Financial charges | 65/66B | €7,290 | €13,120 | +€5,830 | +80.0% |
| Recurring financial charges | 65 | €7,290 | €13,120 | +€5,830 | +80.0% |
| Profit (loss) for the period before taxes | 9903 | €39,781 | €27,997 | -€11,784 | -29.6% |
| Income taxes | 67/77 | €10,757 | €7,531 | -€3,225 | -30.0% |
| Profit (loss) for the period | 9904 | €29,025 | €20,466 | -€8,559 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,025 | €20,466 | -€8,559 | -29.5% |
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 15 October 2026 via checked.be.