WALK WOOD: 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 WOOD
Largest movements
- Stocks and contracts +€49,790
up €49,790 (+9.9%), from €500,557 to €550,347
- Cash -€37,241
down €37,241 (-51.5%), from €72,256 to €35,015
mainly Stocks and contracts (-€49,790) and Receivables within one year (-€28,555)
- Receivables within one year +€28,555
up €28,555 (+87.8%), from €32,535 to €61,090
of which Trade receivables: +€34,263
- Tangible fixed assets -€9,375
down €9,375 (-22.9%), from €40,988 to €31,614
of which Furniture and vehicles: -€8,219
- Trade debts +€39,320
up €39,320 (+35.9%), from €109,476 to €148,795
- Advances received +€12,639
new in 2025: €12,639
- Tax, wage and social debts -€9,541
down €9,541 (-44.7%), from €21,322 to €11,781
- Debts after one year -€9,182
down €9,182 (-20.6%), from €44,672 to €35,490
- Gross operating margin -€14,149
down €14,149 (-27.3%), from €51,884 to €37,735
- Taxes -€8,138
down €8,138 (-94.6%), from €8,600 to €461
- Depreciation +€6,269
up €6,269 (+202%), from €3,105 to €9,375
- Financial charges +€4,053
up €4,053 (+18.5%), from €21,857 to €25,910
- Financial income -€2,246
down €2,246 (-99.2%), from €2,264 to €18
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 | €660,588 | €692,416 | +€31,828 | +4.8% |
| Fixed assets | 21/28 | €43,046 | €33,672 | -€9,375 | -21.8% |
| Tangible fixed assets | 22/27 | €40,988 | €31,614 | -€9,375 | -22.9% |
| Plant, machinery and equipment | 23 | €1,780 | €624 | -€1,156 | -64.9% |
| Furniture and vehicles | 24 | €39,209 | €30,990 | -€8,219 | -21.0% |
| Financial fixed assets | 28 | €2,058 | €2,058 | = | 0.0% |
| Current assets | 29/58 | €617,542 | €658,744 | +€41,202 | +6.7% |
| Stocks and contracts in progress | 3 | €500,557 | €550,347 | +€49,790 | +9.9% |
| Stocks | 30/36 | €500,557 | €550,347 | +€49,790 | +9.9% |
| Amounts receivable within one year | 40/41 | €32,535 | €61,090 | +€28,555 | +87.8% |
| Trade receivables | 40 | €26,696 | €60,959 | +€34,263 | +128% |
| Other amounts receivable | 41 | €5,838 | €131 | -€5,708 | -97.8% |
| Current investments | 50/53 | €10,004 | €10,004 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €72,256 | €35,015 | -€37,241 | -51.5% |
| Deferred charges and accrued income | 490/1 | €2,189 | €2,288 | +€98 | +4.5% |
| Total equity and liabilities | 10/49 | €660,588 | €692,416 | +€31,828 | +4.8% |
| Equity | 10/15 | €151,027 | €151,060 | +€33 | 0.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €7,497 | €7,497 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,300 | €1,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,556 | €81,589 | +€33 | 0.0% |
| Amounts payable | 17/49 | €509,561 | €541,356 | +€31,795 | +6.2% |
| Amounts payable after more than one year | 17 | €44,672 | €35,490 | -€9,182 | -20.6% |
| Financial debts | 170/4 | €44,672 | €35,490 | -€9,182 | -20.6% |
| Amounts payable within one year | 42/48 | €464,889 | €505,866 | +€40,977 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €8,864 | €9,182 | +€318 | +3.6% |
| Financial debts | 43 | €308,400 | €308,400 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Other loans | 439 | €108,400 | €108,400 | = | 0.0% |
| Trade debts | 44 | €109,476 | €148,795 | +€39,320 | +35.9% |
| Suppliers | 440/4 | €109,476 | €148,795 | +€39,320 | +35.9% |
| Advances received on contracts in progress | 46 | - | €12,639 | +€12,639 | |
| Taxes, remuneration and social security | 45 | €21,322 | €11,781 | -€9,541 | -44.7% |
| Taxes | 450/3 | €21,322 | €11,781 | -€9,541 | -44.7% |
| Other amounts payable | 47/48 | €16,827 | €15,068 | -€1,759 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,105 | €9,375 | +€6,269 | +202% |
| Other operating charges | 640/8 | €2,208 | €1,974 | -€234 | -10.6% |
| Gross operating margin | 9900 | €51,884 | €37,735 | -€14,149 | -27.3% |
| Operating profit (loss) | 9901 | €46,570 | €26,386 | -€20,184 | -43.3% |
| Financial income | 75/76B | €2,264 | €18 | -€2,246 | -99.2% |
| Recurring financial income | 75 | €2,264 | €18 | -€2,246 | -99.2% |
| Financial charges | 65/66B | €21,857 | €25,910 | +€4,053 | +18.5% |
| Recurring financial charges | 65 | €21,857 | €25,910 | +€4,053 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €26,977 | €494 | -€26,483 | -98.2% |
| Income taxes | 67/77 | €8,600 | €461 | -€8,138 | -94.6% |
| Profit (loss) for the period | 9904 | €18,378 | €33 | -€18,344 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,378 | €33 | -€18,344 | -99.8% |
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 30 October 2026 via checked.be.