WALLONIA SERVICES: 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.
WALLONIA SERVICES
Largest movements
- Receivables within one year +€86,723
up €86,723 (+118.2%), from €73,347 to €160,070
of which Trade receivables: +€86,723
- Cash +€50,776
up €50,776 (+12.5%), from €405,914 to €456,690
mainly Net result for the year (+€81,401) and Tax, wage and social debts (+€54,797)
- Tangible fixed assets -€45,039
down €45,039 (-14.7%), from €306,776 to €261,737
- Profit (loss) carried forward +€81,401
up €81,401 (+24.0%), from €339,016 to €420,417
- Tax, wage and social debts +€54,797
up €54,797 (+29.2%), from €187,656 to €242,453
of which Remuneration and social security: +€42,930
- Debts after one year -€35,914
down €35,914 (-20.4%), from €175,773 to €139,859
- Trade debts -€16,045
down €16,045 (-32.1%), from €50,034 to €33,989
- Current portion of long-term debt +€10,230
up €10,230 (+32.8%), from €31,213 to €41,444
- Staff costs +€161,159
up €161,159 (+10.9%), from €1.5m to €1.6m
- Gross operating margin +€122,899
up €122,899 (+7.3%), from €1.7m to €1.8m
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 | €791,114 | €885,238 | +€94,124 | +11.9% |
| Fixed assets | 21/28 | €306,776 | €261,737 | -€45,039 | -14.7% |
| Tangible fixed assets | 22/27 | €306,776 | €261,737 | -€45,039 | -14.7% |
| Land and buildings | 22 | €200,717 | €189,164 | -€11,553 | -5.8% |
| Furniture and vehicles | 24 | €17,354 | €1,885 | -€15,469 | -89.1% |
| Leasing and similar rights | 25 | €88,704 | €70,688 | -€18,017 | -20.3% |
| Current assets | 29/58 | €484,338 | €623,501 | +€139,163 | +28.7% |
| Amounts receivable within one year | 40/41 | €73,347 | €160,070 | +€86,723 | +118.2% |
| Trade receivables | 40 | €50,011 | €136,734 | +€86,723 | +173.4% |
| Other amounts receivable | 41 | €23,335 | €23,335 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €405,914 | €456,690 | +€50,776 | +12.5% |
| Deferred charges and accrued income | 490/1 | €5,078 | €6,741 | +€1,663 | +32.8% |
| Total equity and liabilities | 10/49 | €791,114 | €885,238 | +€94,124 | +11.9% |
| Equity | 10/15 | €345,516 | €426,917 | +€81,401 | +23.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €339,016 | €420,417 | +€81,401 | +24.0% |
| Amounts payable | 17/49 | €445,598 | €458,321 | +€12,723 | +2.9% |
| Amounts payable after more than one year | 17 | €175,773 | €139,859 | -€35,914 | -20.4% |
| Financial debts | 170/4 | €175,773 | €139,859 | -€35,914 | -20.4% |
| Amounts payable within one year | 42/48 | €269,825 | €318,462 | +€48,637 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €31,213 | €41,444 | +€10,230 | +32.8% |
| Trade debts | 44 | €50,034 | €33,989 | -€16,045 | -32.1% |
| Suppliers | 440/4 | €50,034 | €33,989 | -€16,045 | -32.1% |
| Taxes, remuneration and social security | 45 | €187,656 | €242,453 | +€54,797 | +29.2% |
| Taxes | 450/3 | - | €11,867 | +€11,867 | |
| Remuneration and social security | 454/9 | €187,656 | €230,585 | +€42,930 | +22.9% |
| Other amounts payable | 47/48 | €923 | €577 | -€346 | -37.5% |
| Remuneration, social security and pensions | 62 | €1,472,951 | €1,634,110 | +€161,159 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,595 | €32,684 | +€8,090 | +32.9% |
| Other operating charges | 640/8 | €13,003 | €23,697 | +€10,694 | +82.2% |
| Gross operating margin | 9900 | €1,686,380 | €1,809,279 | +€122,899 | +7.3% |
| Operating profit (loss) | 9901 | €175,832 | €118,788 | -€57,044 | -32.4% |
| Financial income | 75/76B | €767 | €1,335 | +€568 | +74.0% |
| Recurring financial income | 75 | €767 | €1,335 | +€568 | +74.0% |
| Financial charges | 65/66B | €7,850 | €7,433 | -€417 | -5.3% |
| Recurring financial charges | 65 | €7,850 | €7,433 | -€417 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €168,749 | €112,690 | -€56,058 | -33.2% |
| Income taxes | 67/77 | €21,050 | €31,290 | +€10,240 | +48.6% |
| Profit (loss) for the period | 9904 | €147,699 | €81,401 | -€66,298 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €147,699 | €81,401 | -€66,298 | -44.9% |
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 12 October 2026 via checked.be.