WALLONIA STABLES: 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 STABLES
Largest movements
- Stocks and contracts +€49,485
new in 2025: €49,485
- Cash +€26,262
up €26,262 (+14,351%), from €183 to €26,445
mainly Other debts (+€91,118) and Trade debts (+€9,082)
- Receivables within one year +€4,257
up €4,257 (+16.9%), from €25,130 to €29,387
of which Other amounts receivable: +€13,388
- Tangible fixed assets +€4,050
up €4,050 (+7.0%), from €57,865 to €61,915
of which Other tangible fixed assets: +€10,091
- Other debts +€91,118
up €91,118 (+90.5%), from €100,633 to €191,751
- Profit (loss) carried forward -€17,326
down €17,326 (-80.2%), from -€21,599 to -€38,925
- Trade debts +€9,082
up €9,082 (+2,803%), from €324 to €9,406
- Gross operating margin -€6,640
down €6,640 (-214%), from -€3,103 to -€9,743
- Other operating charges -€650
down €650 (-89.2%), from €729 to €79
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 | €84,358 | €167,232 | +€82,874 | +98.2% |
| Fixed assets | 21/28 | €57,865 | €61,915 | +€4,050 | +7.0% |
| Tangible fixed assets | 22/27 | €57,865 | €61,915 | +€4,050 | +7.0% |
| Furniture and vehicles | 24 | €57,865 | €51,824 | -€6,041 | -10.4% |
| Other tangible fixed assets | 26 | - | €10,091 | +€10,091 | |
| Current assets | 29/58 | €26,493 | €105,317 | +€78,824 | +298% |
| Stocks and contracts in progress | 3 | - | €49,485 | +€49,485 | |
| Stocks | 30/36 | - | €49,485 | +€49,485 | |
| Amounts receivable within one year | 40/41 | €25,130 | €29,387 | +€4,257 | +16.9% |
| Trade receivables | 40 | €12,463 | €3,332 | -€9,131 | -73.3% |
| Other amounts receivable | 41 | €12,667 | €26,055 | +€13,388 | +106% |
| Cash at bank and in hand | 54/58 | €183 | €26,445 | +€26,262 | +14,351% |
| Deferred charges and accrued income | 490/1 | €1,180 | - | -€1,180 | |
| Total equity and liabilities | 10/49 | €84,358 | €167,232 | +€82,874 | +98.2% |
| Equity | 10/15 | -€16,599 | -€33,925 | -€17,326 | -104% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,599 | -€38,925 | -€17,326 | -80.2% |
| Amounts payable | 17/49 | €100,957 | €201,157 | +€100,200 | +99.3% |
| Amounts payable within one year | 42/48 | €100,957 | €201,157 | +€100,200 | +99.3% |
| Trade debts | 44 | €324 | €9,406 | +€9,082 | +2,803% |
| Suppliers | 440/4 | €324 | €9,406 | +€9,082 | +2,803% |
| Other amounts payable | 47/48 | €100,633 | €191,751 | +€91,118 | +90.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,450 | €7,450 | = | 0.0% |
| Other operating charges | 640/8 | €729 | €79 | -€650 | -89.2% |
| Non-recurring operating charges | 66A | €1,093 | - | -€1,093 | |
| Gross operating margin | 9900 | -€3,103 | -€9,743 | -€6,640 | -214% |
| Operating profit (loss) | 9901 | -€12,375 | -€17,272 | -€4,897 | -39.6% |
| Financial charges | 65/66B | €51 | €54 | +€3 | +5.9% |
| Recurring financial charges | 65 | €51 | €54 | +€3 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,426 | -€17,326 | -€4,900 | -39.4% |
| Profit (loss) for the period | 9904 | -€12,426 | -€17,326 | -€4,900 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,426 | -€17,326 | -€4,900 | -39.4% |
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 15 October 2026 via checked.be.