WALMAT BEAURAING: 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.
WALMAT BEAURAING
Largest movements
- Receivables within one year +€393,505
up €393,505 (+33.4%), from €1.2m to €1.6m
of which Trade receivables: +€398,015
- Tangible fixed assets +€67,543
up €67,543 (+64.3%), from €105,082 to €172,625
of which Assets under construction and advance payments: +€50,814
- Intangible fixed assets -€67,163
down €67,163 (-17.1%), from €393,821 to €326,658
- Cash +€63,518
up €63,518 (+15.6%), from €406,353 to €469,871
mainly Trade debts (+€334,583) and Depreciation (+€101,973)
- Trade debts +€334,583
up €334,583 (+35.1%), from €954,588 to €1.3m
- Debts after one year -€61,149
down €61,149 (-4.5%), from €1.4m to €1.3m
- Reserves +€58,000
up €58,000 (+14.3%), from €407,000 to €465,000
- Tax, wage and social debts +€46,184
up €46,184 (+30.7%), from €150,519 to €196,703
of which Taxes: +€44,193
- Current portion of long-term debt +€44,338
up €44,338 (+99.8%), from €44,433 to €88,771
- Gross operating margin +€56,695
up €56,695 (+8.0%), from €709,749 to €766,444
- Other operating charges -€27,421
down €27,421 (-56.2%), from €48,807 to €21,386
- Write-downs +€23,408
up €23,408 (+74.8%), from -€31,306 to -€7,898
- Taxes +€15,488
up €15,488 (+145%), from €10,702 to €26,190
- Financial charges -€10,541
down €10,541 (-12.0%), from €87,689 to €77,148
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 | €3,594,026 | €4,062,499 | +€468,473 | +13.0% |
| Fixed assets | 21/28 | €519,106 | €511,014 | -€8,092 | -1.6% |
| Intangible fixed assets | 21 | €393,821 | €326,658 | -€67,163 | -17.1% |
| Tangible fixed assets | 22/27 | €105,082 | €172,625 | +€67,543 | +64.3% |
| Plant, machinery and equipment | 23 | €76,231 | €56,580 | -€19,651 | -25.8% |
| Furniture and vehicles | 24 | €21,850 | €49,123 | +€27,272 | +125% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €7,000 | €16,108 | +€9,108 | +130% |
| Assets under construction and advance payments | 27 | - | €50,814 | +€50,814 | |
| Financial fixed assets | 28 | €20,203 | €11,731 | -€8,472 | -41.9% |
| Current assets | 29/58 | €3,074,921 | €3,551,485 | +€476,565 | +15.5% |
| Stocks and contracts in progress | 3 | €1,477,850 | €1,497,307 | +€19,457 | +1.3% |
| Stocks | 30/36 | €1,477,850 | €1,497,307 | +€19,457 | +1.3% |
| Amounts receivable within one year | 40/41 | €1,179,918 | €1,573,424 | +€393,505 | +33.4% |
| Trade receivables | 40 | €1,175,374 | €1,573,389 | +€398,015 | +33.9% |
| Other amounts receivable | 41 | €4,545 | €35 | -€4,510 | -99.2% |
| Cash at bank and in hand | 54/58 | €406,353 | €469,871 | +€63,518 | +15.6% |
| Deferred charges and accrued income | 490/1 | €10,800 | €10,884 | +€84 | +0.8% |
| Total equity and liabilities | 10/49 | €3,594,026 | €4,062,499 | +€468,473 | +13.0% |
| Equity | 10/15 | €426,969 | €483,628 | +€56,659 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €407,000 | €465,000 | +€58,000 | +14.3% |
| Distributable reserves | 133 | €407,000 | €465,000 | +€58,000 | +14.3% |
| Profit (loss) carried forward | 14 | €1,369 | €28 | -€1,341 | -98.0% |
| Amounts payable | 17/49 | €3,167,057 | €3,578,871 | +€411,813 | +13.0% |
| Amounts payable after more than one year | 17 | €1,351,524 | €1,290,376 | -€61,149 | -4.5% |
| Financial debts | 170/4 | €1,351,524 | €1,290,376 | -€61,149 | -4.5% |
| Amounts payable within one year | 42/48 | €1,780,075 | €2,214,898 | +€434,823 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €44,433 | €88,771 | +€44,338 | +99.8% |
| Financial debts | 43 | €600,000 | €600,000 | = | 0.0% |
| Credit institutions | 430/8 | €600,000 | €600,000 | = | 0.0% |
| Trade debts | 44 | €954,588 | €1,289,171 | +€334,583 | +35.1% |
| Suppliers | 440/4 | €954,588 | €1,289,171 | +€334,583 | +35.1% |
| Advances received on contracts in progress | 46 | €29,169 | €39,717 | +€10,548 | +36.2% |
| Taxes, remuneration and social security | 45 | €150,519 | €196,703 | +€46,184 | +30.7% |
| Taxes | 450/3 | €71,714 | €115,907 | +€44,193 | +61.6% |
| Remuneration and social security | 454/9 | €78,806 | €80,797 | +€1,991 | +2.5% |
| Other amounts payable | 47/48 | €1,367 | €537 | -€830 | -60.7% |
| Accrued charges and deferred income | 492/3 | €35,458 | €73,597 | +€38,139 | +108% |
| Non-recurring operating income | 76A | - | €4,132 | +€4,132 | |
| Remuneration, social security and pensions | 62 | €500,695 | €499,822 | -€873 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,024 | €101,973 | -€4,051 | -3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€31,306 | -€7,898 | +€23,408 | +74.8% |
| Other operating charges | 640/8 | €48,807 | €21,386 | -€27,421 | -56.2% |
| Gross operating margin | 9900 | €709,749 | €766,444 | +€56,695 | +8.0% |
| Operating profit (loss) | 9901 | €85,529 | €151,161 | +€65,632 | +76.7% |
| Financial income | 75/76B | €13,417 | €8,836 | -€4,581 | -34.1% |
| Recurring financial income | 75 | €13,417 | €8,836 | -€4,581 | -34.1% |
| Financial charges | 65/66B | €87,689 | €77,148 | -€10,541 | -12.0% |
| Recurring financial charges | 65 | €87,689 | €77,148 | -€10,541 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €11,257 | €82,849 | +€71,592 | +636% |
| Income taxes | 67/77 | €10,702 | €26,190 | +€15,488 | +145% |
| Profit (loss) for the period | 9904 | €555 | €56,659 | +€56,104 | +10,110% |
| Profit (loss) for the period to be appropriated | 9905 | €555 | €56,659 | +€56,104 | +10,110% |
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 1 November 2026 via checked.be.