WALNOOT: 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.
WALNOOT
Largest movements
- Tangible fixed assets -€53,800
down €53,800 (-6.4%), from €837,814 to €784,013
of which Land and buildings: -€33,462
- Stocks and contracts -€33,744
down €33,744 (-12.7%), from €266,368 to €232,624
- Cash -€17,727
down €17,727 (-17.5%), from €101,425 to €83,698
mainly Debts after one year (-€73,491) and Trade debts (-€30,511)
- Debts after one year -€73,491
down €73,491 (-17.8%), from €412,298 to €338,807
- Trade debts -€30,511
down €30,511 (-34.2%), from €89,262 to €58,751
- Tax, wage and social debts -€18,425
down €18,425 (-51.9%), from €35,512 to €17,088
of which Taxes: -€18,607
- Reserves +€16,081
up €16,081 (+3.8%), from €422,892 to €438,973
of which Distributable reserves: +€16,081
- Staff costs +€8,782
up €8,782 (+24.0%), from €36,634 to €45,415
- Gross operating margin -€7,681
down €7,681 (-4.8%), from €159,914 to €152,233
- Financial charges -€4,863
down €4,863 (-18.3%), from €26,534 to €21,672
of which Financial charges: -€4,975
- Taxes -€3,264
down €3,264 (-32.7%), from €9,974 to €6,710
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 | €1,216,268 | €1,105,127 | -€111,141 | -9.1% |
| Fixed assets | 21/28 | €838,409 | €784,587 | -€53,822 | -6.4% |
| Tangible fixed assets | 22/27 | €837,814 | €784,013 | -€53,800 | -6.4% |
| Land and buildings | 22 | €769,855 | €736,392 | -€33,462 | -4.3% |
| Plant, machinery and equipment | 23 | €47,778 | €37,850 | -€9,928 | -20.8% |
| Furniture and vehicles | 24 | €20,181 | €9,771 | -€10,410 | -51.6% |
| Financial fixed assets | 28 | €595 | €573 | -€22 | -3.6% |
| Current assets | 29/58 | €377,859 | €320,540 | -€57,319 | -15.2% |
| Stocks and contracts in progress | 3 | €266,368 | €232,624 | -€33,744 | -12.7% |
| Stocks | 30/36 | €266,368 | €232,624 | -€33,744 | -12.7% |
| Amounts receivable within one year | 40/41 | €9,748 | €4,218 | -€5,531 | -56.7% |
| Trade receivables | 40 | €9,733 | €892 | -€8,841 | -90.8% |
| Other amounts receivable | 41 | €16 | €3,326 | +€3,310 | +20936.2% |
| Cash at bank and in hand | 54/58 | €101,425 | €83,698 | -€17,727 | -17.5% |
| Deferred charges and accrued income | 490/1 | €317 | €0 | -€317 | -100.0% |
| Total equity and liabilities | 10/49 | €1,216,268 | €1,105,127 | -€111,141 | -9.1% |
| Equity | 10/15 | €500,392 | €516,473 | +€16,081 | +3.2% |
| Contributions | 10/11 | €77,500 | €77,500 | = | 0.0% |
| Reserves | 13 | €422,892 | €438,973 | +€16,081 | +3.8% |
| Tax-exempt reserves | 132 | €95 | €95 | = | 0.0% |
| Distributable reserves | 133 | €422,797 | €438,878 | +€16,081 | +3.8% |
| Amounts payable | 17/49 | €715,876 | €588,654 | -€127,222 | -17.8% |
| Amounts payable after more than one year | 17 | €412,298 | €338,807 | -€73,491 | -17.8% |
| Financial debts | 170/4 | €412,298 | €338,807 | -€73,491 | -17.8% |
| Amounts payable within one year | 42/48 | €303,578 | €249,847 | -€53,730 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €74,551 | €75,881 | +€1,330 | +1.8% |
| Trade debts | 44 | €89,262 | €58,751 | -€30,511 | -34.2% |
| Suppliers | 440/4 | €89,262 | €58,751 | -€30,511 | -34.2% |
| Taxes, remuneration and social security | 45 | €35,512 | €17,088 | -€18,425 | -51.9% |
| Taxes | 450/3 | €29,270 | €10,664 | -€18,607 | -63.6% |
| Remuneration and social security | 454/9 | €6,242 | €6,424 | +€182 | +2.9% |
| Other amounts payable | 47/48 | €104,252 | €98,127 | -€6,125 | -5.9% |
| Remuneration, social security and pensions | 62 | €36,634 | €45,415 | +€8,782 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,190 | €55,169 | -€21 | 0.0% |
| Other operating charges | 640/8 | €6,578 | €7,186 | +€608 | +9.2% |
| Gross operating margin | 9900 | €159,914 | €152,233 | -€7,681 | -4.8% |
| Operating profit (loss) | 9901 | €61,512 | €44,463 | -€17,050 | -27.7% |
| Financial income | 75/76B | €295 | €0 | -€295 | -100.0% |
| Recurring financial income | 75 | €295 | €0 | -€295 | -100.0% |
| Financial charges | 65/66B | €26,534 | €21,672 | -€4,863 | -18.3% |
| Recurring financial charges | 65 | €26,534 | €21,560 | -€4,975 | -18.7% |
| Non-recurring financial charges | 66B | - | €112 | +€112 | |
| Profit (loss) for the period before taxes | 9903 | €35,273 | €22,791 | -€12,482 | -35.4% |
| Income taxes | 67/77 | €9,974 | €6,710 | -€3,264 | -32.7% |
| Profit (loss) for the period | 9904 | €25,299 | €16,081 | -€9,218 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,299 | €16,081 | -€9,218 | -36.4% |
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 10 October 2026 via checked.be.