WALKER'S: 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.
WALKER'S
Largest movements
- Cash +€51,553
up €51,553 (+55.8%), from €92,442 to €143,996
mainly Net result for the year (+€57,779) and Tax, wage and social debts (+€26,645)
- Tangible fixed assets +€41,549
new in 2025: €41,549
- Receivables within one year -€14,819
down €14,819 (-99.8%), from €14,850 to €32
- Reserves +€56,946
up €56,946 (+79.2%), from €71,859 to €128,805
of which Distributable reserves: +€56,946
- Tax, wage and social debts +€26,645
up €26,645 (+660.9%), from €4,032 to €30,677
of which Taxes: +€24,174
- Other debts -€6,243
down €6,243 (-48.9%), from €12,762 to €6,518
- Gross operating margin +€72,677
up €72,677 (+335.3%), from €21,674 to €94,352
- Taxes +€25,700
up €25,700 (+674.3%), from €3,811 to €29,511
- Other operating charges +€3,085
up €3,085 (+610.5%), from €505 to €3,590
- Depreciation +€2,872
new in 2025: €2,872
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 | €107,639 | €185,923 | +€78,284 | +72.7% |
| Fixed assets | 21/28 | €347 | €41,896 | +€41,549 | +11972.0% |
| Tangible fixed assets | 22/27 | - | €41,549 | +€41,549 | |
| Furniture and vehicles | 24 | - | €41,549 | +€41,549 | |
| Financial fixed assets | 28 | €347 | €347 | = | 0.0% |
| Current assets | 29/58 | €107,292 | €144,027 | +€36,735 | +34.2% |
| Amounts receivable within one year | 40/41 | €14,850 | €32 | -€14,819 | -99.8% |
| Trade receivables | 40 | €14,850 | €32 | -€14,819 | -99.8% |
| Cash at bank and in hand | 54/58 | €92,442 | €143,996 | +€51,553 | +55.8% |
| Total equity and liabilities | 10/49 | €107,639 | €185,923 | +€78,284 | +72.7% |
| Equity | 10/15 | €90,459 | €147,405 | +€56,946 | +63.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,859 | €128,805 | +€56,946 | +79.2% |
| Non-distributable reserves | 130/1 | €2,603 | €2,603 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,603 | €2,603 | = | 0.0% |
| Distributable reserves | 133 | €69,256 | €126,202 | +€56,946 | +82.2% |
| Amounts payable | 17/49 | €17,181 | €38,518 | +€21,338 | +124.2% |
| Amounts payable within one year | 42/48 | €17,181 | €38,518 | +€21,338 | +124.2% |
| Trade debts | 44 | €387 | €1,323 | +€936 | +241.5% |
| Suppliers | 440/4 | €387 | €1,323 | +€936 | +241.5% |
| Taxes, remuneration and social security | 45 | €4,032 | €30,677 | +€26,645 | +660.9% |
| Taxes | 450/3 | €4,032 | €28,206 | +€24,174 | +599.6% |
| Remuneration and social security | 454/9 | - | €2,472 | +€2,472 | |
| Other amounts payable | 47/48 | €12,762 | €6,518 | -€6,243 | -48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,872 | +€2,872 | |
| Other operating charges | 640/8 | €505 | €3,590 | +€3,085 | +610.5% |
| Gross operating margin | 9900 | €21,674 | €94,352 | +€72,677 | +335.3% |
| Operating profit (loss) | 9901 | €21,169 | €87,889 | +€66,720 | +315.2% |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Financial charges | 65/66B | €743 | €631 | -€112 | -15.0% |
| Recurring financial charges | 65 | €743 | €631 | -€112 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €20,427 | €87,290 | +€66,864 | +327.3% |
| Income taxes | 67/77 | €3,811 | €29,511 | +€25,700 | +674.3% |
| Profit (loss) for the period | 9904 | €16,615 | €57,779 | +€41,164 | +247.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,615 | €57,779 | +€41,164 | +247.7% |
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 12 October 2026 via checked.be.