WALMOS: 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.
WALMOS
Largest movements
- Cash -€34,126
down €34,126 (-91.3%), from €37,394 to €3,268
mainly Contributions, distributions and other (-€55,950) and Investment in fixed assets (net) (-€44,107)
- Receivables within one year +€3,902
up €3,902 (+10.7%), from €36,552 to €40,454
of which Trade receivables: +€3,118
- Tangible fixed assets +€3,745
up €3,745 (+3.9%), from €95,598 to €99,343
of which Furniture and vehicles: +€13,853
- Profit (loss) carried forward -€16,989
down €16,989 (-100%), from €16,989 to €0
- Other debts -€12,253
down €12,253 (-22.1%), from €55,500 to €43,247
- Trade debts +€12,124
up €12,124 (+181%), from €6,697 to €18,822
- Debts after one year -€10,000
down €10,000 (-22.2%), from €45,000 to €35,000
- Current portion of long-term debt +€2,138
up €2,138 (+27.2%), from €7,862 to €10,000
- Gross operating margin +€20,561
up €20,561 (+16.4%), from €125,234 to €145,796
- Staff costs +€18,704
up €18,704 (+53.1%), from €35,213 to €53,916
- Depreciation +€8,304
up €8,304 (+25.9%), from €32,057 to €40,362
- Taxes -€2,866
down €2,866 (-23.4%), from €12,271 to €9,404
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 | €177,269 | €150,500 | -€26,769 | -15.1% |
| Fixed assets | 21/28 | €95,598 | €99,343 | +€3,745 | +3.9% |
| Tangible fixed assets | 22/27 | €95,598 | €99,343 | +€3,745 | +3.9% |
| Plant, machinery and equipment | 23 | €73,204 | €63,097 | -€10,107 | -13.8% |
| Furniture and vehicles | 24 | €22,394 | €36,246 | +€13,853 | +61.9% |
| Current assets | 29/58 | €81,671 | €51,157 | -€30,514 | -37.4% |
| Amounts receivable within one year | 40/41 | €36,552 | €40,454 | +€3,902 | +10.7% |
| Trade receivables | 40 | €25,492 | €28,610 | +€3,118 | +12.2% |
| Other amounts receivable | 41 | €11,060 | €11,845 | +€784 | +7.1% |
| Cash at bank and in hand | 54/58 | €37,394 | €3,268 | -€34,126 | -91.3% |
| Deferred charges and accrued income | 490/1 | €7,724 | €7,434 | -€290 | -3.8% |
| Total equity and liabilities | 10/49 | €177,269 | €150,500 | -€26,769 | -15.1% |
| Equity | 10/15 | €52,489 | €35,500 | -€16,989 | -32.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €33,000 | €33,000 | = | 0.0% |
| Distributable reserves | 133 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,989 | €0 | -€16,989 | -100% |
| Amounts payable | 17/49 | €124,780 | €115,000 | -€9,780 | -7.8% |
| Amounts payable after more than one year | 17 | €45,000 | €35,000 | -€10,000 | -22.2% |
| Financial debts | 170/4 | €45,000 | €35,000 | -€10,000 | -22.2% |
| Amounts payable within one year | 42/48 | €79,780 | €80,000 | +€220 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €7,862 | €10,000 | +€2,138 | +27.2% |
| Trade debts | 44 | €6,697 | €18,822 | +€12,124 | +181% |
| Suppliers | 440/4 | €6,697 | €18,822 | +€12,124 | +181% |
| Taxes, remuneration and social security | 45 | €9,721 | €7,931 | -€1,790 | -18.4% |
| Taxes | 450/3 | €3,000 | €2,841 | -€159 | -5.3% |
| Remuneration and social security | 454/9 | €6,721 | €5,090 | -€1,631 | -24.3% |
| Other amounts payable | 47/48 | €55,500 | €43,247 | -€12,253 | -22.1% |
| Remuneration, social security and pensions | 62 | €35,213 | €53,916 | +€18,704 | +53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,057 | €40,362 | +€8,304 | +25.9% |
| Other operating charges | 640/8 | €1,377 | €2,222 | +€846 | +61.4% |
| Gross operating margin | 9900 | €125,234 | €145,796 | +€20,561 | +16.4% |
| Operating profit (loss) | 9901 | €56,587 | €49,295 | -€7,292 | -12.9% |
| Financial income | 75/76B | €541 | €215 | -€326 | -60.3% |
| Recurring financial income | 75 | €541 | €215 | -€326 | -60.3% |
| Financial charges | 65/66B | €1,346 | €1,144 | -€202 | -15.0% |
| Recurring financial charges | 65 | €1,346 | €1,144 | -€202 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €55,782 | €48,366 | -€7,416 | -13.3% |
| Income taxes | 67/77 | €12,271 | €9,404 | -€2,866 | -23.4% |
| Profit (loss) for the period | 9904 | €43,511 | €38,961 | -€4,550 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,511 | €38,961 | -€4,550 | -10.5% |
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 13 October 2026 via checked.be.