WALLEN: 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.
WALLEN
Largest movements
- Receivables within one year -€10,545
down €10,545 (-76.3%), from €13,814 to €3,269
of which Trade receivables: -€12,069
- Cash -€3,433
down €3,433 (-91.4%), from €3,755 to €322
mainly Net result for the year (-€26,108) and Investment in fixed assets (net) (-€13,221)
- Intangible fixed assets -€3,167
down €3,167 (-11.3%), from €28,134 to €24,967
- Tangible fixed assets +€1,440
up €1,440 (+2.8%), from €52,296 to €53,736
of which Land and buildings: +€12,338
- Profit (loss) carried forward -€26,108
down €26,108 (-412%), from -€6,340 to -€32,448
- Trade debts +€20,521
up €20,521 (+43.4%), from €47,262 to €67,783
- Tax, wage and social debts -€6,513
down €6,513 (-51.8%), from €12,585 to €6,072
of which Taxes: -€6,378
- Current portion of long-term debt -€5,424
no longer reported in 2024 (was €5,424)
- Staff costs -€52,903
down €52,903 (-50.7%), from €104,278 to €51,375
- Gross operating margin -€22,602
down €22,602 (-33.8%), from €66,841 to €44,239
- Other operating charges -€7,259
no longer reported in 2024 (was €7,259)
- Depreciation -€5,212
down €5,212 (-25.9%), from €20,160 to €14,948
- Financial charges -€1,814
down €1,814 (-31.1%), from €5,838 to €4,024
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,943 | €104,262 | -€14,681 | -12.3% |
| Fixed assets | 21/28 | €96,405 | €94,678 | -€1,727 | -1.8% |
| Intangible fixed assets | 21 | €28,134 | €24,967 | -€3,167 | -11.3% |
| Tangible fixed assets | 22/27 | €52,296 | €53,736 | +€1,440 | +2.8% |
| Land and buildings | 22 | - | €12,338 | +€12,338 | |
| Plant, machinery and equipment | 23 | €13,330 | €18,626 | +€5,296 | +39.7% |
| Furniture and vehicles | 24 | €12,812 | - | -€12,812 | |
| Other tangible fixed assets | 26 | €26,154 | €22,772 | -€3,382 | -12.9% |
| Financial fixed assets | 28 | €15,975 | €15,975 | = | 0.0% |
| Current assets | 29/58 | €22,538 | €9,584 | -€12,954 | -57.5% |
| Stocks and contracts in progress | 3 | €3,436 | €3,436 | = | 0.0% |
| Stocks | 30/36 | €3,436 | €3,436 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,814 | €3,269 | -€10,545 | -76.3% |
| Trade receivables | 40 | €12,787 | €718 | -€12,069 | -94.4% |
| Other amounts receivable | 41 | €1,027 | €2,551 | +€1,524 | +148% |
| Cash at bank and in hand | 54/58 | €3,755 | €322 | -€3,433 | -91.4% |
| Deferred charges and accrued income | 490/1 | €1,533 | €2,557 | +€1,024 | +66.8% |
| Total equity and liabilities | 10/49 | €118,943 | €104,262 | -€14,681 | -12.3% |
| Equity | 10/15 | €3,660 | -€22,448 | -€26,108 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,340 | -€32,448 | -€26,108 | -412% |
| Amounts payable | 17/49 | €115,283 | €126,710 | +€11,427 | +9.9% |
| Amounts payable after more than one year | 17 | €24,137 | €24,137 | = | 0.0% |
| Financial debts | 170/4 | €24,137 | €24,137 | = | 0.0% |
| Amounts payable within one year | 42/48 | €91,146 | €101,435 | +€10,289 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €5,424 | - | -€5,424 | |
| Financial debts | 43 | €6,800 | €7,640 | +€840 | +12.4% |
| Credit institutions | 430/8 | €6,800 | €7,640 | +€840 | +12.4% |
| Trade debts | 44 | €47,262 | €67,783 | +€20,521 | +43.4% |
| Suppliers | 440/4 | €47,262 | €67,783 | +€20,521 | +43.4% |
| Taxes, remuneration and social security | 45 | €12,585 | €6,072 | -€6,513 | -51.8% |
| Taxes | 450/3 | €6,378 | - | -€6,378 | |
| Remuneration and social security | 454/9 | €6,207 | €6,072 | -€135 | -2.2% |
| Other amounts payable | 47/48 | €19,075 | €19,940 | +€865 | +4.5% |
| Accrued charges and deferred income | 492/3 | - | €1,138 | +€1,138 | |
| Remuneration, social security and pensions | 62 | €104,278 | €51,375 | -€52,903 | -50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,160 | €14,948 | -€5,212 | -25.9% |
| Other operating charges | 640/8 | €7,259 | - | -€7,259 | |
| Gross operating margin | 9900 | €66,841 | €44,239 | -€22,602 | -33.8% |
| Operating profit (loss) | 9901 | -€64,856 | -€22,084 | +€42,772 | +65.9% |
| Financial income | 75/76B | €169 | - | -€169 | |
| Recurring financial income | 75 | €169 | - | -€169 | |
| Financial charges | 65/66B | €5,838 | €4,024 | -€1,814 | -31.1% |
| Recurring financial charges | 65 | €5,838 | €4,024 | -€1,814 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | -€70,525 | -€26,108 | +€44,417 | +63.0% |
| Income taxes | 67/77 | -€22 | - | +€22 | |
| Profit (loss) for the period | 9904 | -€70,503 | -€26,108 | +€44,395 | +63.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,503 | -€26,108 | +€44,395 | +63.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.