WALMOR TRUST: 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.
WALMOR TRUST
Largest movements
- Current investments +€236,737
up €236,737 (+28.2%), from €840,000 to €1.1m
- Cash -€54,654
down €54,654 (-16.7%), from €327,579 to €272,925
mainly Current investments (-€236,737) and Accrued charges and deferred income (-€987)
- Financial fixed assets -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Reserves +€133,560
up €133,560 (+10.6%), from €1.3m to €1.4m
of which Distributable reserves: +€133,560
- Gross operating margin +€69,057
up €69,057 (+67.9%), from €101,672 to €170,729
- Financial charges -€50,107
down €50,107 (-99.7%), from €50,257 to €150
of which Non-recurring financial charges: -€50,001
- Taxes +€32,152
up €32,152 (+99.5%), from €32,313 to €64,465
- Financial income +€21,062
up €21,062 (+178.8%), from €11,778 to €32,840
- Depreciation +€1,946
up €1,946 (+140.1%), from €1,389 to €3,335
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 | €1,283,858 | €1,417,915 | +€134,057 | +10.4% |
| Fixed assets | 21/28 | €105,392 | €61,651 | -€43,741 | -41.5% |
| Tangible fixed assets | 22/27 | €5,392 | €11,651 | +€6,259 | +116.1% |
| Land and buildings | 22 | €4,339 | €2,984 | -€1,355 | -31.2% |
| Furniture and vehicles | 24 | €1,052 | €8,667 | +€7,614 | +723.4% |
| Financial fixed assets | 28 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Current assets | 29/58 | €1,178,466 | €1,356,264 | +€177,799 | +15.1% |
| Stocks and contracts in progress | 3 | €7,466 | €5,053 | -€2,412 | -32.3% |
| Stocks | 30/36 | €7,466 | €5,053 | -€2,412 | -32.3% |
| Amounts receivable within one year | 40/41 | €784 | - | -€784 | |
| Other amounts receivable | 41 | €784 | - | -€784 | |
| Current investments | 50/53 | €840,000 | €1,076,737 | +€236,737 | +28.2% |
| Cash at bank and in hand | 54/58 | €327,579 | €272,925 | -€54,654 | -16.7% |
| Deferred charges and accrued income | 490/1 | €2,636 | €1,549 | -€1,087 | -41.2% |
| Total equity and liabilities | 10/49 | €1,283,858 | €1,417,915 | +€134,057 | +10.4% |
| Equity | 10/15 | €1,282,200 | €1,415,761 | +€133,560 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,263,600 | €1,397,161 | +€133,560 | +10.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,261,740 | €1,395,301 | +€133,560 | +10.6% |
| Amounts payable | 17/49 | €1,657 | €2,154 | +€497 | +30.0% |
| Amounts payable within one year | 42/48 | €446 | €1,930 | +€1,484 | +332.5% |
| Trade debts | 44 | €446 | €1,514 | +€1,068 | +239.3% |
| Suppliers | 440/4 | €446 | €1,514 | +€1,068 | +239.3% |
| Taxes, remuneration and social security | 45 | - | €359 | +€359 | |
| Taxes | 450/3 | - | €359 | +€359 | |
| Other amounts payable | 47/48 | - | €56 | +€56 | |
| Accrued charges and deferred income | 492/3 | €1,211 | €224 | -€987 | -81.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,389 | €3,335 | +€1,946 | +140.1% |
| Other operating charges | 640/8 | €1,803 | €2,059 | +€256 | +14.2% |
| Gross operating margin | 9900 | €101,672 | €170,729 | +€69,057 | +67.9% |
| Operating profit (loss) | 9901 | €98,480 | €165,336 | +€66,856 | +67.9% |
| Financial income | 75/76B | €11,778 | €32,840 | +€21,062 | +178.8% |
| Recurring financial income | 75 | €11,778 | €32,840 | +€21,062 | +178.8% |
| Financial charges | 65/66B | €50,257 | €150 | -€50,107 | -99.7% |
| Recurring financial charges | 65 | €256 | €150 | -€106 | -41.5% |
| Non-recurring financial charges | 66B | €50,001 | - | -€50,001 | |
| Profit (loss) for the period before taxes | 9903 | €60,001 | €198,026 | +€138,024 | +230.0% |
| Income taxes | 67/77 | €32,313 | €64,465 | +€32,152 | +99.5% |
| Profit (loss) for the period | 9904 | €27,688 | €133,560 | +€105,872 | +382.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,688 | €133,560 | +€105,872 | +382.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.