WALLONOR: 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.
WALLONOR
Largest movements
- Cash +€123,241
up €123,241 (+100.1%), from €123,065 to €246,306
mainly Net result for the year (+€189,747) and Tax, wage and social debts (+€35,459)
- Receivables within one year +€51,975
up €51,975 (+243.1%), from €21,383 to €73,359
of which Other amounts receivable: +€69,037
- Tangible fixed assets +€30,992
up €30,992 (+152.8%), from €20,288 to €51,280
of which Furniture and vehicles: +€22,875
- Stocks and contracts -€17,351
down €17,351 (-24.3%), from €71,288 to €53,936
- Profit (loss) carried forward +€189,747
up €189,747 (+134.8%), from €140,805 to €330,551
- Tax, wage and social debts +€35,459
up €35,459 (+93.3%), from €37,990 to €73,449
of which Taxes: +€33,811
- Trade debts -€25,528
down €25,528 (-88.9%), from €28,700 to €3,173
- Debts after one year -€8,800
down €8,800 (-42.7%), from €20,600 to €11,800
- Gross operating margin +€149,783
up €149,783 (+81.6%), from €183,495 to €333,278
- Staff costs +€38,794
up €38,794 (+165.7%), from €23,411 to €62,204
- Taxes +€26,750
up €26,750 (+77.7%), from €34,435 to €61,185
- Depreciation +€12,189
up €12,189 (+251.0%), from €4,856 to €17,045
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 | €246,534 | €434,710 | +€188,176 | +76.3% |
| Fixed assets | 21/28 | €24,274 | €57,178 | +€32,904 | +135.6% |
| Intangible fixed assets | 21 | €717 | €2,630 | +€1,912 | +266.6% |
| Tangible fixed assets | 22/27 | €20,288 | €51,280 | +€30,992 | +152.8% |
| Plant, machinery and equipment | 23 | €4,733 | €3,529 | -€1,204 | -25.4% |
| Furniture and vehicles | 24 | €15,555 | €38,430 | +€22,875 | +147.1% |
| Other tangible fixed assets | 26 | - | €9,321 | +€9,321 | |
| Financial fixed assets | 28 | €3,268 | €3,268 | = | 0.0% |
| Current assets | 29/58 | €222,260 | €377,532 | +€155,272 | +69.9% |
| Stocks and contracts in progress | 3 | €71,288 | €53,936 | -€17,351 | -24.3% |
| Stocks | 30/36 | €71,288 | €53,936 | -€17,351 | -24.3% |
| Amounts receivable within one year | 40/41 | €21,383 | €73,359 | +€51,975 | +243.1% |
| Trade receivables | 40 | €21,383 | €4,322 | -€17,061 | -79.8% |
| Other amounts receivable | 41 | - | €69,037 | +€69,037 | |
| Cash at bank and in hand | 54/58 | €123,065 | €246,306 | +€123,241 | +100.1% |
| Deferred charges and accrued income | 490/1 | €6,524 | €3,932 | -€2,593 | -39.7% |
| Total equity and liabilities | 10/49 | €246,534 | €434,710 | +€188,176 | +76.3% |
| Equity | 10/15 | €155,805 | €345,551 | +€189,747 | +121.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,805 | €330,551 | +€189,747 | +134.8% |
| Amounts payable | 17/49 | €90,729 | €89,159 | -€1,570 | -1.7% |
| Amounts payable after more than one year | 17 | €20,600 | €11,800 | -€8,800 | -42.7% |
| Other amounts payable | 178/9 | €20,600 | €11,800 | -€8,800 | -42.7% |
| Amounts payable within one year | 42/48 | €70,129 | €77,359 | +€7,230 | +10.3% |
| Trade debts | 44 | €28,700 | €3,173 | -€25,528 | -88.9% |
| Suppliers | 440/4 | €28,700 | €3,173 | -€25,528 | -88.9% |
| Taxes, remuneration and social security | 45 | €37,990 | €73,449 | +€35,459 | +93.3% |
| Taxes | 450/3 | €35,496 | €69,306 | +€33,811 | +95.3% |
| Remuneration and social security | 454/9 | €2,494 | €4,142 | +€1,649 | +66.1% |
| Other amounts payable | 47/48 | €3,439 | €737 | -€2,702 | -78.6% |
| Remuneration, social security and pensions | 62 | €23,411 | €62,204 | +€38,794 | +165.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,856 | €17,045 | +€12,189 | +251.0% |
| Other operating charges | 640/8 | €1,974 | €3,134 | +€1,159 | +58.7% |
| Gross operating margin | 9900 | €183,495 | €333,278 | +€149,783 | +81.6% |
| Operating profit (loss) | 9901 | €153,254 | €250,895 | +€97,641 | +63.7% |
| Financial income | 75/76B | €156 | €914 | +€758 | +485.6% |
| Recurring financial income | 75 | €156 | €914 | +€758 | +485.6% |
| Financial charges | 65/66B | €469 | €877 | +€409 | +87.2% |
| Recurring financial charges | 65 | €469 | €877 | +€409 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €152,941 | €250,932 | +€97,990 | +64.1% |
| Income taxes | 67/77 | €34,435 | €61,185 | +€26,750 | +77.7% |
| Profit (loss) for the period | 9904 | €118,506 | €189,747 | +€71,241 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €118,506 | €189,747 | +€71,241 | +60.1% |
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 1 October 2026 via checked.be.