Wallaert: 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.
Wallaert
Largest movements
- Cash -€28,492
down €28,492 (-58.7%), from €48,577 to €20,086
mainly Investment in fixed assets (net) (-€28,310) and Tax, wage and social debts (-€15,344)
- Tangible fixed assets +€10,814
up €10,814 (+20.9%), from €51,754 to €62,568
of which Furniture and vehicles: +€11,126
- Tax, wage and social debts -€15,344
down €15,344 (-81.4%), from €18,840 to €3,497
- Reserves +€8,750
up €8,750 (+16.0%), from €54,750 to €63,500
- Other debts -€6,764
down €6,764 (-63.6%), from €10,640 to €3,877
- Trade debts -€6,229
down €6,229 (-100.0%), from €6,230 to €1
- Gross operating margin -€4,483
down €4,483 (-10.6%), from €42,235 to €37,752
- Depreciation +€3,832
up €3,832 (+28.0%), from €13,665 to €17,496
- Taxes -€2,514
down €2,514 (-33.5%), from €7,501 to €4,987
- Financial charges -€535
down €535 (-41.3%), from €1,293 to €759
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 | €121,469 | €103,740 | -€17,730 | -14.6% |
| Fixed assets | 21/28 | €54,379 | €65,193 | +€10,814 | +19.9% |
| Tangible fixed assets | 22/27 | €51,754 | €62,568 | +€10,814 | +20.9% |
| Land and buildings | 22 | €3,358 | €5,261 | +€1,904 | +56.7% |
| Plant, machinery and equipment | 23 | €3,200 | €2,184 | -€1,016 | -31.8% |
| Furniture and vehicles | 24 | €35,384 | €46,510 | +€11,126 | +31.4% |
| Other tangible fixed assets | 26 | €9,812 | €8,613 | -€1,199 | -12.2% |
| Financial fixed assets | 28 | €2,625 | €2,625 | = | 0.0% |
| Current assets | 29/58 | €67,090 | €38,546 | -€28,544 | -42.5% |
| Stocks and contracts in progress | 3 | €1,275 | €1,950 | +€675 | +52.9% |
| Stocks | 30/36 | €775 | €950 | +€175 | +22.6% |
| Contracts in progress | 37 | €500 | €1,000 | +€500 | +100.0% |
| Amounts receivable within one year | 40/41 | €17,048 | €16,316 | -€732 | -4.3% |
| Trade receivables | 40 | €16,935 | €15,499 | -€1,436 | -8.5% |
| Other amounts receivable | 41 | €113 | €817 | +€704 | +625.1% |
| Cash at bank and in hand | 54/58 | €48,577 | €20,086 | -€28,492 | -58.7% |
| Deferred charges and accrued income | 490/1 | €190 | €195 | +€5 | +2.6% |
| Total equity and liabilities | 10/49 | €121,469 | €103,740 | -€17,730 | -14.6% |
| Equity | 10/15 | €65,250 | €74,300 | +€9,049 | +13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,750 | €63,500 | +€8,750 | +16.0% |
| Distributable reserves | 133 | €54,750 | €63,500 | +€8,750 | +16.0% |
| Profit (loss) carried forward | 14 | €4,300 | €4,600 | +€299 | +7.0% |
| Amounts payable | 17/49 | €56,219 | €29,440 | -€26,779 | -47.6% |
| Amounts payable after more than one year | 17 | €15,377 | €16,382 | +€1,005 | +6.5% |
| Financial debts | 170/4 | €5,377 | €1,382 | -€3,995 | -74.3% |
| Other amounts payable | 178/9 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Amounts payable within one year | 42/48 | €40,842 | €13,058 | -€27,784 | -68.0% |
| Current portion of amounts payable after more than one year | 42 | €5,131 | €5,683 | +€552 | +10.8% |
| Trade debts | 44 | €6,230 | €1 | -€6,229 | -100.0% |
| Suppliers | 440/4 | €6,230 | €1 | -€6,229 | -100.0% |
| Taxes, remuneration and social security | 45 | €18,840 | €3,497 | -€15,344 | -81.4% |
| Taxes | 450/3 | €18,840 | €3,497 | -€15,344 | -81.4% |
| Other amounts payable | 47/48 | €10,640 | €3,877 | -€6,764 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,665 | €17,496 | +€3,832 | +28.0% |
| Other operating charges | 640/8 | €2,563 | €2,632 | +€69 | +2.7% |
| Gross operating margin | 9900 | €42,235 | €37,752 | -€4,483 | -10.6% |
| Operating profit (loss) | 9901 | €26,008 | €17,624 | -€8,384 | -32.2% |
| Financial income | 75/76B | €78 | €422 | +€344 | +442.6% |
| Recurring financial income | 75 | €78 | €422 | +€344 | +442.6% |
| Financial charges | 65/66B | €1,293 | €759 | -€535 | -41.3% |
| Recurring financial charges | 65 | €1,293 | €759 | -€535 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €24,792 | €17,287 | -€7,506 | -30.3% |
| Income taxes | 67/77 | €7,501 | €4,987 | -€2,514 | -33.5% |
| Profit (loss) for the period | 9904 | €17,291 | €12,299 | -€4,992 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,291 | €12,299 | -€4,992 | -28.9% |
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.