Walmat Immo: 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.
Walmat Immo
Largest movements
- Tangible fixed assets +€4.0m
up €4.0m (+124.7%), from €3.2m to €7.2m
of which Land and buildings: +€2.4m
- Debts after one year +€3.8m
up €3.8m (+134.0%), from €2.8m to €6.6m
of which Financial debts: +€3.8m
- Current portion of long-term debt +€210,842
up €210,842 (+124.7%), from €169,060 to €379,902
- Depreciation +€29,845
up €29,845 (+18.4%), from €162,241 to €192,086
- Gross operating margin +€29,011
up €29,011 (+8.5%), from €340,588 to €369,599
- Financial charges +€18,736
up €18,736 (+43.2%), from €43,353 to €62,089
- Taxes -€7,445
down €7,445 (-42.3%), from €17,602 to €10,157
- Other operating charges +€6,598
up €6,598 (+9.7%), from €68,199 to €74,797
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 | €3,269,379 | €7,263,291 | +€4.0m | +122.2% |
| Fixed assets | 21/28 | €3,188,307 | €7,164,562 | +€4.0m | +124.7% |
| Tangible fixed assets | 22/27 | €3,188,307 | €7,164,562 | +€4.0m | +124.7% |
| Land and buildings | 22 | €3,180,860 | €5,595,190 | +€2.4m | +75.9% |
| Plant, machinery and equipment | 23 | €7,447 | €6,496 | -€951 | -12.8% |
| Leasing and similar rights | 25 | - | €1,562,876 | +€1.6m | |
| Current assets | 29/58 | €81,073 | €98,729 | +€17,656 | +21.8% |
| Amounts receivable within one year | 40/41 | €1,426 | €1,503 | +€78 | +5.4% |
| Trade receivables | 40 | €1,426 | €1,503 | +€78 | +5.4% |
| Cash at bank and in hand | 54/58 | €79,093 | €96,894 | +€17,800 | +22.5% |
| Deferred charges and accrued income | 490/1 | €554 | €332 | -€222 | -40.1% |
| Total equity and liabilities | 10/49 | €3,269,379 | €7,263,291 | +€4.0m | +122.2% |
| Equity | 10/15 | €204,830 | €235,300 | +€30,470 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,000 | €164,000 | +€34,000 | +26.2% |
| Distributable reserves | 133 | €130,000 | €164,000 | +€34,000 | +26.2% |
| Profit (loss) carried forward | 14 | €1,206 | €733 | -€473 | -39.2% |
| Investment grants | 15 | €55,024 | €51,967 | -€3,057 | -5.6% |
| Amounts payable | 17/49 | €3,064,550 | €7,027,991 | +€4.0m | +129.3% |
| Amounts payable after more than one year | 17 | €2,805,166 | €6,564,121 | +€3.8m | +134.0% |
| Financial debts | 170/4 | €2,803,166 | €6,562,121 | +€3.8m | +134.1% |
| Other amounts payable | 178/9 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €240,063 | €450,258 | +€210,195 | +87.6% |
| Current portion of amounts payable after more than one year | 42 | €169,060 | €379,902 | +€210,842 | +124.7% |
| Advances received on contracts in progress | 46 | €45,464 | €47,227 | +€1,763 | +3.9% |
| Taxes, remuneration and social security | 45 | €25,539 | €23,129 | -€2,410 | -9.4% |
| Taxes | 450/3 | €25,539 | €23,129 | -€2,410 | -9.4% |
| Accrued charges and deferred income | 492/3 | €19,321 | €13,612 | -€5,709 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,241 | €192,086 | +€29,845 | +18.4% |
| Other operating charges | 640/8 | €68,199 | €74,797 | +€6,598 | +9.7% |
| Gross operating margin | 9900 | €340,588 | €369,599 | +€29,011 | +8.5% |
| Operating profit (loss) | 9901 | €110,149 | €102,716 | -€7,433 | -6.7% |
| Financial income | 75/76B | €3,057 | €3,057 | = | 0.0% |
| Recurring financial income | 75 | €3,057 | €3,057 | = | 0.0% |
| Financial charges | 65/66B | €43,353 | €62,089 | +€18,736 | +43.2% |
| Recurring financial charges | 65 | €43,353 | €62,089 | +€18,736 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €69,852 | €43,684 | -€26,169 | -37.5% |
| Income taxes | 67/77 | €17,602 | €10,157 | -€7,445 | -42.3% |
| Profit (loss) for the period | 9904 | €52,251 | €33,527 | -€18,724 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,251 | €33,527 | -€18,724 | -35.8% |
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 6 October 2026 via checked.be.