WALMAGH P.: 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.
WALMAGH P.
Largest movements
- Cash +€16,652
up €16,652 (+53.2%), from €31,297 to €47,949
mainly Depreciation (+€8,767) and Tax, wage and social debts (+€8,108)
- Tangible fixed assets -€4,746
down €4,746 (-47.1%), from €10,086 to €5,340
of which Furniture and vehicles: -€5,062
- Receivables within one year -€2,051
down €2,051 (-5.6%), from €36,675 to €34,624
of which Trade receivables: -€2,145
- Current portion of long-term debt -€8,460
no longer reported in 2025 (was €8,460)
- Tax, wage and social debts +€8,108
up €8,108 (+148.5%), from €5,461 to €13,569
of which Taxes: +€7,735
- Profit (loss) carried forward +€7,183
up €7,183 (+52.1%), from -€13,797 to -€6,614
- Trade debts +€3,354
up €3,354 (+55.6%), from €6,035 to €9,389
- Gross operating margin +€20,165
up €20,165, from -€4,260 to €15,905
- Financial charges -€164
down €164 (-30.3%), from €543 to €378
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 | €81,792 | €91,977 | +€10,185 | +12.5% |
| Fixed assets | 21/28 | €10,086 | €5,340 | -€4,746 | -47.1% |
| Tangible fixed assets | 22/27 | €10,086 | €5,340 | -€4,746 | -47.1% |
| Plant, machinery and equipment | 23 | €2,389 | €2,705 | +€316 | +13.2% |
| Furniture and vehicles | 24 | €7,697 | €2,635 | -€5,062 | -65.8% |
| Current assets | 29/58 | €71,706 | €86,637 | +€14,931 | +20.8% |
| Amounts receivable within one year | 40/41 | €36,675 | €34,624 | -€2,051 | -5.6% |
| Trade receivables | 40 | €33,327 | €31,182 | -€2,145 | -6.4% |
| Other amounts receivable | 41 | €3,348 | €3,442 | +€94 | +2.8% |
| Cash at bank and in hand | 54/58 | €31,297 | €47,949 | +€16,652 | +53.2% |
| Deferred charges and accrued income | 490/1 | €3,734 | €4,065 | +€331 | +8.9% |
| Total equity and liabilities | 10/49 | €81,792 | €91,977 | +€10,185 | +12.5% |
| Equity | 10/15 | €61,836 | €69,020 | +€7,183 | +11.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €633 | €633 | = | 0.0% |
| Non-distributable reserves | 130/1 | €633 | €633 | = | 0.0% |
| Reserves not available under the articles | 1311 | €633 | €633 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,797 | -€6,614 | +€7,183 | +52.1% |
| Amounts payable | 17/49 | €19,955 | €22,957 | +€3,002 | +15.0% |
| Amounts payable within one year | 42/48 | €19,955 | €22,957 | +€3,002 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €8,460 | - | -€8,460 | |
| Trade debts | 44 | €6,035 | €9,389 | +€3,354 | +55.6% |
| Suppliers | 440/4 | €6,035 | €9,389 | +€3,354 | +55.6% |
| Taxes, remuneration and social security | 45 | €5,461 | €13,569 | +€8,108 | +148.5% |
| Taxes | 450/3 | €1,333 | €9,069 | +€7,735 | +580.2% |
| Remuneration and social security | 454/9 | €4,127 | €4,500 | +€373 | +9.0% |
| Non-recurring operating income | 76A | - | €316 | +€316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,758 | €8,767 | +€9 | +0.1% |
| Other operating charges | 640/8 | €298 | €149 | -€149 | -50.0% |
| Non-recurring operating charges | 66A | €787 | €588 | -€199 | -25.3% |
| Gross operating margin | 9900 | -€4,260 | €15,905 | +€20,165 | |
| Operating profit (loss) | 9901 | -€14,103 | €6,401 | +€20,504 | |
| Financial income | 75/76B | €1,069 | €1,161 | +€91 | +8.5% |
| Recurring financial income | 75 | €1,069 | €1,161 | +€91 | +8.5% |
| Financial charges | 65/66B | €543 | €378 | -€164 | -30.3% |
| Recurring financial charges | 65 | €543 | €378 | -€164 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,576 | €7,183 | +€20,759 | |
| Profit (loss) for the period | 9904 | -€13,576 | €7,183 | +€20,759 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,576 | €7,183 | +€20,759 |
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 8 October 2026 via checked.be.