WALLTER: 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.
WALLTER
Largest movements
- Tangible fixed assets +€37,279
up €37,279 (+1,026%), from €3,632 to €40,911
- Receivables within one year -€35,687
down €35,687 (-78.8%), from €45,297 to €9,610
of which Trade receivables: -€36,220
- Cash -€27,529
down €27,529 (-34.6%), from €79,532 to €52,003
mainly Short-term financial debts (-€62,500) and Investment in fixed assets (net) (-€43,275)
- Deferred charges and accrued income -€1,552
down €1,552 (-100%), from €1,552 to €0
- Short-term financial debts -€62,500
down €62,500 (-100%), from €62,500 to €0
- Profit (loss) carried forward +€58,787
up €58,787 (+81.9%), from -€71,812 to -€13,026
- Accrued charges and deferred income -€16,365
down €16,365 (-100%), from €16,365 to €0
- Tax, wage and social debts -€4,955
down €4,955 (-73.8%), from €6,711 to €1,756
of which Taxes: -€4,262
- Trade debts -€1,658
down €1,658 (-17.5%), from €9,481 to €7,823
- Gross operating margin +€40,236
up €40,236 (+81.3%), from €49,469 to €89,705
- Depreciation +€4,565
up €4,565 (+249%), from €1,831 to €6,396
- Financial charges -€1,058
down €1,058 (-16.8%), from €6,279 to €5,222
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 | €132,194 | €104,305 | -€27,889 | -21.1% |
| Fixed assets | 21/28 | €5,813 | €42,692 | +€36,879 | +634% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,632 | €40,911 | +€37,279 | +1,026% |
| Furniture and vehicles | 24 | €3,632 | €40,911 | +€37,279 | +1,026% |
| Financial fixed assets | 28 | €2,180 | €1,780 | -€400 | -18.3% |
| Current assets | 29/58 | €126,381 | €61,613 | -€64,768 | -51.2% |
| Amounts receivable within one year | 40/41 | €45,297 | €9,610 | -€35,687 | -78.8% |
| Trade receivables | 40 | €45,297 | €9,077 | -€36,220 | -80.0% |
| Other amounts receivable | 41 | €0 | €533 | +€533 | |
| Cash at bank and in hand | 54/58 | €79,532 | €52,003 | -€27,529 | -34.6% |
| Deferred charges and accrued income | 490/1 | €1,552 | €0 | -€1,552 | -100% |
| Total equity and liabilities | 10/49 | €132,194 | €104,305 | -€27,889 | -21.1% |
| Equity | 10/15 | €10,106 | €68,893 | +€58,787 | +582% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €61,918 | €61,918 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €59,918 | €59,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,812 | -€13,026 | +€58,787 | +81.9% |
| Amounts payable | 17/49 | €122,088 | €35,412 | -€86,676 | -71.0% |
| Amounts payable within one year | 42/48 | €105,723 | €35,412 | -€70,311 | -66.5% |
| Financial debts | 43 | €62,500 | €0 | -€62,500 | -100% |
| Credit institutions | 430/8 | €62,500 | €0 | -€62,500 | -100% |
| Trade debts | 44 | €9,481 | €7,823 | -€1,658 | -17.5% |
| Suppliers | 440/4 | €9,481 | €7,823 | -€1,658 | -17.5% |
| Taxes, remuneration and social security | 45 | €6,711 | €1,756 | -€4,955 | -73.8% |
| Taxes | 450/3 | €5,028 | €766 | -€4,262 | -84.8% |
| Remuneration and social security | 454/9 | €1,683 | €990 | -€693 | -41.2% |
| Other amounts payable | 47/48 | €27,031 | €25,833 | -€1,198 | -4.4% |
| Accrued charges and deferred income | 492/3 | €16,365 | €0 | -€16,365 | -100% |
| Non-recurring operating income | 76A | €7,931 | €60,838 | +€52,906 | +667% |
| Remuneration, social security and pensions | 62 | €15,355 | €16,031 | +€676 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,831 | €6,396 | +€4,565 | +249% |
| Other operating charges | 640/8 | €3,246 | €3,068 | -€178 | -5.5% |
| Gross operating margin | 9900 | €49,469 | €89,705 | +€40,236 | +81.3% |
| Operating profit (loss) | 9901 | €29,037 | €64,210 | +€35,173 | +121% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €6,279 | €5,222 | -€1,058 | -16.8% |
| Recurring financial charges | 65 | €6,279 | €5,222 | -€1,058 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €22,758 | €59,005 | +€36,247 | +159% |
| Income taxes | 67/77 | - | €218 | +€218 | |
| Profit (loss) for the period | 9904 | €22,758 | €58,787 | +€36,029 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €22,758 | €58,787 | +€36,029 | +158% |
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 27 October 2026 via checked.be.