Walnick: 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.
Walnick
Largest movements
- Tangible fixed assets -€30,576
down €30,576 (-26.4%), from €115,604 to €85,028
- Receivables within one year +€7,490
up €7,490 (+251.3%), from €2,980 to €10,470
of which Other amounts receivable: +€7,063
- Cash -€6,457
down €6,457 (-56.4%), from €11,452 to €4,996
mainly Net result for the year (-€15,027) and Debts after one year (-€13,121)
- Reserves -€15,027
down €15,027 (-18.9%), from €79,415 to €64,388
- Debts after one year -€13,121
down €13,121 (-29.8%), from €43,964 to €30,843
- Gross operating margin -€53,899
down €53,899 (-70.7%), from €76,282 to €22,383
- Depreciation +€11,568
up €11,568 (+58.1%), from €19,917 to €31,485
- Taxes -€9,442
down €9,442 (-92.2%), from €10,239 to €797
- Financial charges -€1,893
down €1,893 (-26.8%), from €7,060 to €5,167
- Staff costs -€1,274
down €1,274 (-81.1%), from €1,570 to €296
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 | €153,696 | €124,474 | -€29,222 | -19.0% |
| Fixed assets | 21/28 | €115,654 | €85,078 | -€30,576 | -26.4% |
| Tangible fixed assets | 22/27 | €115,604 | €85,028 | -€30,576 | -26.4% |
| Plant, machinery and equipment | 23 | €32,779 | €24,652 | -€8,126 | -24.8% |
| Furniture and vehicles | 24 | €59,186 | €44,036 | -€15,150 | -25.6% |
| Leasing and similar rights | 25 | €23,640 | €16,340 | -€7,300 | -30.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €38,042 | €39,396 | +€1,354 | +3.6% |
| Amounts receivable after more than one year | 29 | €21,000 | €21,000 | = | 0.0% |
| Other amounts receivable | 291 | €21,000 | €21,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,610 | €2,931 | +€321 | +12.3% |
| Stocks | 30/36 | €2,610 | €2,931 | +€321 | +12.3% |
| Amounts receivable within one year | 40/41 | €2,980 | €10,470 | +€7,490 | +251.3% |
| Trade receivables | 40 | €0 | €426 | +€426 | |
| Other amounts receivable | 41 | €2,980 | €10,043 | +€7,063 | +237.0% |
| Cash at bank and in hand | 54/58 | €11,452 | €4,996 | -€6,457 | -56.4% |
| Total equity and liabilities | 10/49 | €153,696 | €124,474 | -€29,222 | -19.0% |
| Equity | 10/15 | €81,915 | €66,888 | -€15,027 | -18.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €79,415 | €64,388 | -€15,027 | -18.9% |
| Distributable reserves | 133 | €79,415 | €64,388 | -€15,027 | -18.9% |
| Amounts payable | 17/49 | €71,781 | €57,586 | -€14,195 | -19.8% |
| Amounts payable after more than one year | 17 | €43,964 | €30,843 | -€13,121 | -29.8% |
| Financial debts | 170/4 | €43,964 | €30,843 | -€13,121 | -29.8% |
| Amounts payable within one year | 42/48 | €27,817 | €26,743 | -€1,074 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €14,615 | €15,709 | +€1,094 | +7.5% |
| Trade debts | 44 | €5,498 | €4,385 | -€1,113 | -20.2% |
| Suppliers | 440/4 | €5,498 | €4,385 | -€1,113 | -20.2% |
| Taxes, remuneration and social security | 45 | €7,037 | €6,650 | -€388 | -5.5% |
| Taxes | 450/3 | €7,037 | €6,650 | -€388 | -5.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €667 | €0 | -€667 | -100.0% |
| Non-recurring operating income | 76A | - | €3,168 | +€3,168 | |
| Remuneration, social security and pensions | 62 | €1,570 | €296 | -€1,274 | -81.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,917 | €31,485 | +€11,568 | +58.1% |
| Other operating charges | 640/8 | €683 | €688 | +€5 | +0.8% |
| Gross operating margin | 9900 | €76,282 | €22,383 | -€53,899 | -70.7% |
| Operating profit (loss) | 9901 | €54,112 | -€10,086 | -€64,198 | |
| Financial income | 75/76B | €1,047 | €1,023 | -€24 | -2.3% |
| Recurring financial income | 75 | €1,047 | €1,023 | -€24 | -2.3% |
| Financial charges | 65/66B | €7,060 | €5,167 | -€1,893 | -26.8% |
| Recurring financial charges | 65 | €7,060 | €5,167 | -€1,893 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €48,100 | -€14,230 | -€62,329 | |
| Income taxes | 67/77 | €10,239 | €797 | -€9,442 | -92.2% |
| Profit (loss) for the period | 9904 | €37,860 | -€15,027 | -€52,887 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,860 | -€15,027 | -€52,887 |
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 11 October 2026 via checked.be.