WALMO: 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.
WALMO
Largest movements
- Receivables within one year -€189,043
down €189,043 (-79.2%), from €238,762 to €49,719
of which Other amounts receivable: -€184,808
- Financial fixed assets +€179,630
up €179,630 (+6.7%), from €2.7m to €2.9m
- Cash +€68,667
up €68,667 (+499.6%), from €13,745 to €82,412
mainly Receivables within one year (+€189,043) and Net result for the year (+€56,092)
- Reserves +€55,259
up €55,259 (+4.3%), from €1.3m to €1.3m
- Gross operating margin +€9,457
up €9,457 (+13.5%), from €70,287 to €79,744
- Taxes +€2,614
up €2,614 (+13.7%), from €19,068 to €21,681
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 | €2,935,379 | €2,994,577 | +€59,197 | +2.0% |
| Fixed assets | 21/28 | €2,682,125 | €2,861,755 | +€179,630 | +6.7% |
| Financial fixed assets | 28 | €2,682,125 | €2,861,755 | +€179,630 | +6.7% |
| Current assets | 29/58 | €253,254 | €132,822 | -€120,433 | -47.6% |
| Amounts receivable within one year | 40/41 | €238,762 | €49,719 | -€189,043 | -79.2% |
| Trade receivables | 40 | €52,635 | €48,400 | -€4,235 | -8.0% |
| Other amounts receivable | 41 | €186,127 | €1,319 | -€184,808 | -99.3% |
| Cash at bank and in hand | 54/58 | €13,745 | €82,412 | +€68,667 | +499.6% |
| Deferred charges and accrued income | 490/1 | €747 | €690 | -€57 | -7.7% |
| Total equity and liabilities | 10/49 | €2,935,379 | €2,994,577 | +€59,197 | +2.0% |
| Equity | 10/15 | €2,925,066 | €2,980,325 | +€55,259 | +1.9% |
| Contributions | 10/11 | €1,631,100 | €1,631,100 | = | 0.0% |
| Reserves | 13 | €1,293,966 | €1,349,225 | +€55,259 | +4.3% |
| Distributable reserves | 133 | €1,293,966 | €1,349,225 | +€55,259 | +4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,314 | €14,252 | +€3,938 | +38.2% |
| Amounts payable within one year | 42/48 | €10,314 | €14,252 | +€3,938 | +38.2% |
| Trade debts | 44 | €989 | €1,041 | +€53 | +5.3% |
| Suppliers | 440/4 | €989 | €1,041 | +€53 | +5.3% |
| Taxes, remuneration and social security | 45 | €7,799 | €11,365 | +€3,566 | +45.7% |
| Taxes | 450/3 | €1,936 | €8,386 | +€6,450 | +333.2% |
| Remuneration and social security | 454/9 | €5,863 | €2,979 | -€2,884 | -49.2% |
| Other amounts payable | 47/48 | €1,526 | €1,845 | +€320 | +20.9% |
| Other operating charges | 640/8 | €1,631 | €1,854 | +€223 | +13.7% |
| Gross operating margin | 9900 | €70,287 | €79,744 | +€9,457 | +13.5% |
| Operating profit (loss) | 9901 | €68,656 | €77,891 | +€9,235 | +13.5% |
| Financial charges | 65/66B | €445 | €117 | -€328 | -73.7% |
| Recurring financial charges | 65 | €445 | €117 | -€328 | -73.7% |
| Profit (loss) for the period before taxes | 9903 | €68,211 | €77,774 | +€9,563 | +14.0% |
| Income taxes | 67/77 | €19,068 | €21,681 | +€2,614 | +13.7% |
| Profit (loss) for the period | 9904 | €49,143 | €56,092 | +€6,949 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,143 | €56,092 | +€6,949 | +14.1% |
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 5 October 2026 via checked.be.