Walmack Holding: 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.
Walmack Holding
Largest movements
- Tangible fixed assets -€28,521
down €28,521 (-25.8%), from €110,439 to €81,918
- Reserves +€336,600
up €336,600 (+78.5%), from €428,900 to €765,500
- Other debts -€287,028
down €287,028 (-78.6%), from €365,075 to €78,048
- Debts after one year -€54,602
down €54,602 (-23.2%), from €234,886 to €180,285
- Financial income +€309,734
up €309,734 (+1,007,265%), from €31 to €309,765
- Gross operating margin -€30,062
down €30,062 (-18.8%), from €159,962 to €129,900
- Taxes +€18,282
up €18,282 (+48.8%), from €37,426 to €55,708
- Other operating charges -€7,306
down €7,306 (-60.9%), from €12,001 to €4,695
- Financial charges +€2,015
up €2,015 (+16.7%), from €12,090 to €14,105
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 | €2,082,444 | €2,072,595 | -€9,849 | -0.5% |
| Fixed assets | 21/28 | €2,030,515 | €2,001,993 | -€28,521 | -1.4% |
| Tangible fixed assets | 22/27 | €110,439 | €81,918 | -€28,521 | -25.8% |
| Furniture and vehicles | 24 | €110,439 | €81,918 | -€28,521 | -25.8% |
| Financial fixed assets | 28 | €1,920,076 | €1,920,076 | = | 0.0% |
| Current assets | 29/58 | €51,930 | €70,602 | +€18,672 | +36.0% |
| Amounts receivable within one year | 40/41 | €45,958 | €65,509 | +€19,551 | +42.5% |
| Trade receivables | 40 | €45,958 | €30,000 | -€15,958 | -34.7% |
| Other amounts receivable | 41 | - | €35,509 | +€35,509 | |
| Cash at bank and in hand | 54/58 | €5,972 | €5,093 | -€879 | -14.7% |
| Total equity and liabilities | 10/49 | €2,082,444 | €2,072,595 | -€9,849 | -0.5% |
| Equity | 10/15 | €1,379,906 | €1,716,542 | +€336,636 | +24.4% |
| Contributions | 10/11 | €950,000 | €950,000 | = | 0.0% |
| Reserves | 13 | €428,900 | €765,500 | +€336,600 | +78.5% |
| Distributable reserves | 133 | €428,900 | €765,500 | +€336,600 | +78.5% |
| Profit (loss) carried forward | 14 | €1,006 | €1,042 | +€36 | +3.5% |
| Amounts payable | 17/49 | €702,538 | €356,053 | -€346,485 | -49.3% |
| Amounts payable after more than one year | 17 | €234,886 | €180,285 | -€54,602 | -23.2% |
| Financial debts | 170/4 | €234,886 | €180,285 | -€54,602 | -23.2% |
| Amounts payable within one year | 42/48 | €467,652 | €171,869 | -€295,783 | -63.2% |
| Current portion of amounts payable after more than one year | 42 | €52,686 | €54,602 | +€1,916 | +3.6% |
| Trade debts | 44 | €15,135 | €1,645 | -€13,490 | -89.1% |
| Suppliers | 440/4 | €15,135 | €1,645 | -€13,490 | -89.1% |
| Taxes, remuneration and social security | 45 | €34,755 | €37,574 | +€2,819 | +8.1% |
| Taxes | 450/3 | €29,982 | €32,174 | +€2,193 | +7.3% |
| Remuneration and social security | 454/9 | €4,773 | €5,400 | +€627 | +13.1% |
| Other amounts payable | 47/48 | €365,075 | €78,048 | -€287,028 | -78.6% |
| Accrued charges and deferred income | 492/3 | - | €3,900 | +€3,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,521 | €28,521 | = | 0.0% |
| Other operating charges | 640/8 | €12,001 | €4,695 | -€7,306 | -60.9% |
| Gross operating margin | 9900 | €159,962 | €129,900 | -€30,062 | -18.8% |
| Operating profit (loss) | 9901 | €119,440 | €96,684 | -€22,756 | -19.1% |
| Financial income | 75/76B | €31 | €309,765 | +€309,734 | +1,007,265% |
| Recurring financial income | 75 | €31 | €309,765 | +€309,734 | +1,007,265% |
| Financial charges | 65/66B | €12,090 | €14,105 | +€2,015 | +16.7% |
| Recurring financial charges | 65 | €12,090 | €14,105 | +€2,015 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €107,381 | €392,344 | +€284,963 | +265% |
| Income taxes | 67/77 | €37,426 | €55,708 | +€18,282 | +48.8% |
| Profit (loss) for the period | 9904 | €69,954 | €336,636 | +€266,681 | +381% |
| Profit (loss) for the period to be appropriated | 9905 | €69,954 | €336,636 | +€266,681 | +381% |
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.