WALLONIALEX: 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.
WALLONIALEX
Largest movements
- Receivables within one year -€159,291
down €159,291 (-47.5%), from €335,112 to €175,821
of which Trade receivables: -€144,475
- Cash -€17,216
down €17,216 (-36.9%), from €46,607 to €29,391
mainly Debts after one year (-€143,076) and Net result for the year (-€20,373)
- Tangible fixed assets -€4,170
down €4,170 (-39.8%), from €10,466 to €6,295
- Debts after one year -€143,076
down €143,076 (-55.8%), from €256,518 to €113,442
of which Other amounts payable: -€87,500
- Profit (loss) carried forward -€20,373
down €20,373 (-93.9%), from -€21,699 to -€42,072
- Tax, wage and social debts -€9,216
down €9,216 (-14.9%), from €61,843 to €52,627
of which Taxes: -€7,569
- Depreciation -€141,678
down €141,678 (-97.1%), from €145,848 to €4,170
- Write-downs +€95,519
up €95,519, from -€95,519 to €0
- Gross operating margin -€92,520
down €92,520 (-85.4%), from €108,378 to €15,859
- Other operating charges -€70,640
down €70,640 (-67.9%), from €104,000 to €33,360
- Staff costs -€21,655
down €21,655 (-98.1%), from €22,074 to €419
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 | €393,122 | €213,559 | -€179,563 | -45.7% |
| Fixed assets | 21/28 | €10,466 | €6,295 | -€4,170 | -39.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €10,466 | €6,295 | -€4,170 | -39.8% |
| Furniture and vehicles | 24 | €10,466 | €6,295 | -€4,170 | -39.8% |
| Current assets | 29/58 | €382,657 | €207,264 | -€175,393 | -45.8% |
| Amounts receivable within one year | 40/41 | €335,112 | €175,821 | -€159,291 | -47.5% |
| Trade receivables | 40 | €270,772 | €126,297 | -€144,475 | -53.4% |
| Other amounts receivable | 41 | €64,340 | €49,524 | -€14,816 | -23.0% |
| Cash at bank and in hand | 54/58 | €46,607 | €29,391 | -€17,216 | -36.9% |
| Deferred charges and accrued income | 490/1 | €938 | €2,052 | +€1,114 | +118.8% |
| Total equity and liabilities | 10/49 | €393,122 | €213,559 | -€179,563 | -45.7% |
| Equity | 10/15 | -€1,699 | -€22,072 | -€20,373 | -1199.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,699 | -€42,072 | -€20,373 | -93.9% |
| Amounts payable | 17/49 | €394,821 | €235,632 | -€159,190 | -40.3% |
| Amounts payable after more than one year | 17 | €256,518 | €113,442 | -€143,076 | -55.8% |
| Financial debts | 170/4 | €75,263 | €19,687 | -€55,576 | -73.8% |
| Other amounts payable | 178/9 | €181,255 | €93,755 | -€87,500 | -48.3% |
| Amounts payable within one year | 42/48 | €122,364 | €108,313 | -€14,051 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €58,107 | €55,576 | -€2,532 | -4.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,635 | €0 | -€1,635 | -100.0% |
| Suppliers | 440/4 | €1,635 | €0 | -€1,635 | -100.0% |
| Taxes, remuneration and social security | 45 | €61,843 | €52,627 | -€9,216 | -14.9% |
| Taxes | 450/3 | €60,196 | €52,627 | -€7,569 | -12.6% |
| Remuneration and social security | 454/9 | €1,646 | €0 | -€1,646 | -100.0% |
| Other amounts payable | 47/48 | €779 | €111 | -€668 | -85.8% |
| Accrued charges and deferred income | 492/3 | €15,940 | €13,876 | -€2,063 | -12.9% |
| Remuneration, social security and pensions | 62 | €22,074 | €419 | -€21,655 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,848 | €4,170 | -€141,678 | -97.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€95,519 | €0 | +€95,519 | |
| Other operating charges | 640/8 | €104,000 | €33,360 | -€70,640 | -67.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €108,378 | €15,859 | -€92,520 | -85.4% |
| Operating profit (loss) | 9901 | -€68,025 | -€22,091 | +€45,934 | +67.5% |
| Financial income | 75/76B | €4,777 | €3,071 | -€1,706 | -35.7% |
| Recurring financial income | 75 | €4,777 | €3,071 | -€1,706 | -35.7% |
| Financial charges | 65/66B | €2,879 | €1,353 | -€1,525 | -53.0% |
| Recurring financial charges | 65 | €2,879 | €1,353 | -€1,525 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | -€66,127 | -€20,373 | +€45,754 | +69.2% |
| Income taxes | 67/77 | €51 | €0 | -€51 | -100.0% |
| Profit (loss) for the period | 9904 | -€66,178 | -€20,373 | +€45,805 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,178 | -€20,373 | +€45,805 | +69.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.