WALLE 111: 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.
WALLE 111
Largest movements
- Tangible fixed assets -€9,144
down €9,144 (-14.7%), from €62,297 to €53,153
of which Furniture and vehicles: -€4,811
- Tax, wage and social debts +€52,478
up €52,478 (+939%), from €5,589 to €58,067
- Provisions -€43,901
down €43,901 (-100%), from €43,901 to €0
- Reserves -€16,713
down €16,713 (-5.2%), from €323,560 to €306,848
of which Tax-exempt reserves: -€138,347
- Taxes +€57,219
up €57,219 (+990%), from €5,778 to €62,998
- Gross operating margin -€8,825
down €8,825, from €8,528 to -€297
- Depreciation +€1,619
up €1,619 (+14.3%), from €11,297 to €12,916
- Financial income -€1,337
down €1,337 (-7.1%), from €18,735 to €17,398
of which Non-recurring financial income: -€3,078
- Other operating charges +€124
up €124 (+8.4%), from €1,467 to €1,591
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 | €395,345 | €384,902 | -€10,442 | -2.6% |
| Fixed assets | 21/28 | €62,297 | €53,153 | -€9,144 | -14.7% |
| Tangible fixed assets | 22/27 | €62,297 | €53,153 | -€9,144 | -14.7% |
| Plant, machinery and equipment | 23 | €20,138 | €19,375 | -€763 | -3.8% |
| Furniture and vehicles | 24 | €9,316 | €4,505 | -€4,811 | -51.6% |
| Other tangible fixed assets | 26 | €32,843 | €29,272 | -€3,570 | -10.9% |
| Current assets | 29/58 | €333,048 | €331,749 | -€1,298 | -0.4% |
| Stocks and contracts in progress | 3 | €1,514 | €1,239 | -€276 | -18.2% |
| Stocks | 30/36 | €1,514 | €1,239 | -€276 | -18.2% |
| Amounts receivable within one year | 40/41 | €313,812 | €316,645 | +€2,832 | +0.9% |
| Trade receivables | 40 | €6,626 | €2,762 | -€3,863 | -58.3% |
| Other amounts receivable | 41 | €307,187 | €313,882 | +€6,696 | +2.2% |
| Cash at bank and in hand | 54/58 | €17,408 | €13,481 | -€3,928 | -22.6% |
| Deferred charges and accrued income | 490/1 | €313 | €385 | +€73 | +23.2% |
| Total equity and liabilities | 10/49 | €395,345 | €384,902 | -€10,442 | -2.6% |
| Equity | 10/15 | €342,160 | €325,448 | -€16,713 | -4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €323,560 | €306,848 | -€16,713 | -5.2% |
| Tax-exempt reserves | 132 | €138,347 | €0 | -€138,347 | -100% |
| Distributable reserves | 133 | €185,213 | €306,848 | +€121,635 | +65.7% |
| Provisions and deferred taxes | 16 | €43,901 | €0 | -€43,901 | -100% |
| Deferred taxes | 168 | €43,901 | €0 | -€43,901 | -100% |
| Amounts payable | 17/49 | €9,283 | €59,455 | +€50,172 | +540% |
| Amounts payable within one year | 42/48 | €9,210 | €59,380 | +€50,169 | +545% |
| Trade debts | 44 | €3,622 | €1,313 | -€2,309 | -63.7% |
| Suppliers | 440/4 | €3,622 | €1,313 | -€2,309 | -63.7% |
| Taxes, remuneration and social security | 45 | €5,589 | €58,067 | +€52,478 | +939% |
| Taxes | 450/3 | €5,589 | €58,067 | +€52,478 | +939% |
| Accrued charges and deferred income | 492/3 | €73 | €75 | +€3 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,297 | €12,916 | +€1,619 | +14.3% |
| Other operating charges | 640/8 | €1,467 | €1,591 | +€124 | +8.4% |
| Gross operating margin | 9900 | €8,528 | -€297 | -€8,825 | |
| Operating profit (loss) | 9901 | -€4,236 | -€14,804 | -€10,567 | -249% |
| Financial income | 75/76B | €18,735 | €17,398 | -€1,337 | -7.1% |
| Recurring financial income | 75 | €15,656 | €17,398 | +€1,742 | +11.1% |
| Non-recurring financial income | 76B | €3,078 | €0 | -€3,078 | -100% |
| Financial charges | 65/66B | €276 | €211 | -€66 | -23.8% |
| Recurring financial charges | 65 | €276 | €211 | -€66 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €14,222 | €2,384 | -€11,838 | -83.2% |
| Transfer from deferred taxes | 780 | €6,141 | €175,606 | +€169,465 | +2,760% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €5,778 | €62,998 | +€57,219 | +990% |
| Profit (loss) for the period | 9904 | €14,585 | €114,992 | +€100,407 | +688% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €14,585 | €114,992 | +€100,407 | +688% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.