WALNOC: 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.
WALNOC
Largest movements
- Cash +€73,314
up €73,314 (+255.7%), from €28,673 to €101,986
mainly Net result for the year (+€72,913) and Depreciation (+€1,577)
- Profit (loss) carried forward +€72,913
up €72,913 (+275.1%), from €26,501 to €99,413
- Tax, wage and social debts -€1,288
down €1,288 (-56.9%), from €2,263 to €975
- Gross operating margin +€59,502
up €59,502 (+176.9%), from €33,628 to €93,130
- Taxes +€11,794
up €11,794 (+175.5%), from €6,720 to €18,514
- Depreciation +€1,200
up €1,200 (+318.8%), from €377 to €1,577
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 | €40,710 | €114,062 | +€73,352 | +180.2% |
| Fixed assets | 21/28 | €4,022 | €3,455 | -€567 | -14.1% |
| Intangible fixed assets | 21 | €4,022 | €3,455 | -€567 | -14.1% |
| Current assets | 29/58 | €36,688 | €110,607 | +€73,919 | +201.5% |
| Amounts receivable within one year | 40/41 | €7,880 | €8,481 | +€601 | +7.6% |
| Trade receivables | 40 | €6,600 | €150 | -€6,450 | -97.7% |
| Other amounts receivable | 41 | €1,280 | €8,331 | +€7,051 | +551.0% |
| Cash at bank and in hand | 54/58 | €28,673 | €101,986 | +€73,314 | +255.7% |
| Deferred charges and accrued income | 490/1 | €136 | €139 | +€4 | +2.7% |
| Total equity and liabilities | 10/49 | €40,710 | €114,062 | +€73,352 | +180.2% |
| Equity | 10/15 | €36,501 | €109,413 | +€72,913 | +199.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,501 | €99,413 | +€72,913 | +275.1% |
| Amounts payable | 17/49 | €4,210 | €4,648 | +€439 | +10.4% |
| Amounts payable within one year | 42/48 | €4,210 | €4,648 | +€439 | +10.4% |
| Trade debts | 44 | - | €1,096 | +€1,096 | |
| Suppliers | 440/4 | - | €1,096 | +€1,096 | |
| Advances received on contracts in progress | 46 | - | €569 | +€569 | |
| Taxes, remuneration and social security | 45 | €2,263 | €975 | -€1,288 | -56.9% |
| Taxes | 450/3 | €2,263 | €975 | -€1,288 | -56.9% |
| Other amounts payable | 47/48 | €1,947 | €2,009 | +€63 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €1,577 | +€1,200 | +318.8% |
| Gross operating margin | 9900 | €33,628 | €93,130 | +€59,502 | +176.9% |
| Operating profit (loss) | 9901 | €33,252 | €91,553 | +€58,302 | +175.3% |
| Financial income | 75/76B | €0 | €5 | +€5 | +51700.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +51700.0% |
| Financial charges | 65/66B | €31 | €131 | +€101 | +328.8% |
| Recurring financial charges | 65 | €31 | €131 | +€101 | +328.8% |
| Profit (loss) for the period before taxes | 9903 | €33,221 | €91,427 | +€58,206 | +175.2% |
| Income taxes | 67/77 | €6,720 | €18,514 | +€11,794 | +175.5% |
| Profit (loss) for the period | 9904 | €26,501 | €72,913 | +€46,412 | +175.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,501 | €72,913 | +€46,412 | +175.1% |
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 4 October 2026 via checked.be.