WALLONEX: what changed
Two fiscal 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.
WALLONEX
Largest movements
- Receivables within one year +€44,740
up €44,740 (+37.2%), from €120,253 to €164,994
of which Trade receivables: +€41,499
- Cash -€23,108
down €23,108 (-16.6%), from €139,037 to €115,929
mainly Contributions, distributions and other (-€87,119) and Receivables within one year (-€44,740)
- Tax, wage and social debts +€39,968
up €39,968 (+47.8%), from €83,675 to €123,643
of which Taxes: +€39,073
- Other debts -€32,310
down €32,310 (-25.3%), from €127,627 to €95,317
- Trade debts +€13,974
up €13,974 (+47.5%), from €29,389 to €43,362
- Gross operating margin -€71,390
down €71,390 (-27.6%), from €258,991 to €187,601
- Taxes -€19,824
down €19,824 (-39.5%), from €50,132 to €30,308
- Staff costs +€3,382
up €3,382 (+5.4%), from €62,913 to €66,294
- Other operating charges +€2,640
up €2,640 (+681.5%), from €387 to €3,027
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,291 | €280,923 | +€21,632 | +8.3% |
| Current assets | 29/58 | €259,291 | €280,923 | +€21,632 | +8.3% |
| Amounts receivable within one year | 40/41 | €120,253 | €164,994 | +€44,740 | +37.2% |
| Trade receivables | 40 | €120,253 | €161,753 | +€41,499 | +34.5% |
| Other amounts receivable | 41 | - | €3,241 | +€3,241 | |
| Cash at bank and in hand | 54/58 | €139,037 | €115,929 | -€23,108 | -16.6% |
| Total equity and liabilities | 10/49 | €259,291 | €280,923 | +€21,632 | +8.3% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €240,691 | €262,323 | +€21,632 | +9.0% |
| Amounts payable within one year | 42/48 | €240,691 | €262,323 | +€21,632 | +9.0% |
| Trade debts | 44 | €29,389 | €43,362 | +€13,974 | +47.5% |
| Suppliers | 440/4 | €29,389 | €43,362 | +€13,974 | +47.5% |
| Taxes, remuneration and social security | 45 | €83,675 | €123,643 | +€39,968 | +47.8% |
| Taxes | 450/3 | €75,146 | €114,219 | +€39,073 | +52.0% |
| Remuneration and social security | 454/9 | €8,529 | €9,425 | +€895 | +10.5% |
| Other amounts payable | 47/48 | €127,627 | €95,317 | -€32,310 | -25.3% |
| Remuneration, social security and pensions | 62 | €62,913 | €66,294 | +€3,382 | +5.4% |
| Other operating charges | 640/8 | €387 | €3,027 | +€2,640 | +681.5% |
| Gross operating margin | 9900 | €258,991 | €187,601 | -€71,390 | -27.6% |
| Operating profit (loss) | 9901 | €195,691 | €118,279 | -€77,412 | -39.6% |
| Financial income | 75/76B | €434 | €406 | -€28 | -6.4% |
| Recurring financial income | 75 | €434 | €406 | -€28 | -6.4% |
| Financial charges | 65/66B | €376 | €1,259 | +€883 | +235.2% |
| Recurring financial charges | 65 | €376 | €1,259 | +€883 | +235.2% |
| Profit (loss) for the period before taxes | 9903 | €195,749 | €117,426 | -€78,323 | -40.0% |
| Income taxes | 67/77 | €50,132 | €30,308 | -€19,824 | -39.5% |
| Profit (loss) for the period | 9904 | €145,617 | €87,119 | -€58,498 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €145,617 | €87,119 | -€58,498 | -40.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.