WALLONIE AUDITION: 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.
WALLONIE AUDITION
Largest movements
- Receivables within one year -€56,770
down €56,770 (-62.5%), from €90,783 to €34,013
of which Trade receivables: -€57,032
- Cash +€30,331
up €30,331 (+111%), from €27,398 to €57,729
mainly Receivables within one year (+€56,770) and Depreciation (+€23,659)
- Stocks and contracts +€14,783
up €14,783 (+133%), from €11,145 to €25,928
- Intangible fixed assets -€5,000
down €5,000 (-27.1%), from €18,478 to €13,478
- Tangible fixed assets -€4,570
down €4,570 (-8.8%), from €51,718 to €47,148
of which Plant, machinery and equipment: -€14,532
- Other debts -€60,000
down €60,000 (-34.1%), from €176,179 to €116,179
- Tax, wage and social debts +€16,711
up €16,711 (+287%), from €5,830 to €22,541
of which Remuneration and social security: +€16,986
- Trade debts +€11,486
up €11,486 (+99.7%), from €11,524 to €23,010
- Accrued charges and deferred income +€6,131
new in 2025: €6,131
- Profit (loss) carried forward +€5,058
up €5,058 (+96.0%), from €5,269 to €10,326
- Depreciation -€3,805
down €3,805 (-13.9%), from €27,465 to €23,659
- Staff costs +€3,156
up €3,156 (+2.2%), from €145,899 to €149,055
- Gross operating margin -€2,232
down €2,232 (-1.2%), from €187,915 to €185,683
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 | €199,801 | €179,187 | -€20,614 | -10.3% |
| Fixed assets | 21/28 | €70,196 | €60,626 | -€9,570 | -13.6% |
| Intangible fixed assets | 21 | €18,478 | €13,478 | -€5,000 | -27.1% |
| Tangible fixed assets | 22/27 | €51,718 | €47,148 | -€4,570 | -8.8% |
| Plant, machinery and equipment | 23 | €51,718 | €37,186 | -€14,532 | -28.1% |
| Furniture and vehicles | 24 | - | €9,962 | +€9,962 | |
| Current assets | 29/58 | €129,605 | €118,562 | -€11,044 | -8.5% |
| Stocks and contracts in progress | 3 | €11,145 | €25,928 | +€14,783 | +133% |
| Stocks | 30/36 | €11,145 | €25,928 | +€14,783 | +133% |
| Amounts receivable within one year | 40/41 | €90,783 | €34,013 | -€56,770 | -62.5% |
| Trade receivables | 40 | €90,225 | €33,192 | -€57,032 | -63.2% |
| Other amounts receivable | 41 | €558 | €821 | +€263 | +47.0% |
| Cash at bank and in hand | 54/58 | €27,398 | €57,729 | +€30,331 | +111% |
| Deferred charges and accrued income | 490/1 | €279 | €892 | +€612 | +219% |
| Total equity and liabilities | 10/49 | €199,801 | €179,187 | -€20,614 | -10.3% |
| Equity | 10/15 | €6,269 | €11,326 | +€5,058 | +80.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,269 | €10,326 | +€5,058 | +96.0% |
| Amounts payable | 17/49 | €193,533 | €167,861 | -€25,672 | -13.3% |
| Amounts payable within one year | 42/48 | €193,533 | €161,730 | -€31,803 | -16.4% |
| Trade debts | 44 | €11,524 | €23,010 | +€11,486 | +99.7% |
| Suppliers | 440/4 | €11,524 | €23,010 | +€11,486 | +99.7% |
| Taxes, remuneration and social security | 45 | €5,830 | €22,541 | +€16,711 | +287% |
| Taxes | 450/3 | €5,830 | €5,555 | -€275 | -4.7% |
| Remuneration and social security | 454/9 | - | €16,986 | +€16,986 | |
| Other amounts payable | 47/48 | €176,179 | €116,179 | -€60,000 | -34.1% |
| Accrued charges and deferred income | 492/3 | - | €6,131 | +€6,131 | |
| Non-recurring operating income | 76A | - | €7,089 | +€7,089 | |
| Remuneration, social security and pensions | 62 | €145,899 | €149,055 | +€3,156 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,465 | €23,659 | -€3,805 | -13.9% |
| Other operating charges | 640/8 | €129 | €282 | +€153 | +119% |
| Gross operating margin | 9900 | €187,915 | €185,683 | -€2,232 | -1.2% |
| Operating profit (loss) | 9901 | €14,422 | €12,686 | -€1,736 | -12.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €91 | €74 | -€17 | -18.9% |
| Recurring financial charges | 65 | €91 | €74 | -€17 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €14,331 | €12,612 | -€1,719 | -12.0% |
| Income taxes | 67/77 | €3,862 | €2,354 | -€1,508 | -39.0% |
| Profit (loss) for the period | 9904 | €10,469 | €10,258 | -€211 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,469 | €10,258 | -€211 | -2.0% |
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 25 October 2026 via checked.be.