WALO Management: 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.
WALO Management
Largest movements
- Cash +€7,982
up €7,982 (+38.2%), from €20,885 to €28,868
mainly Net result for the year (+€22,300) and Receivables within one year (+€387)
- Reserves +€22,300
up €22,300 (+47.0%), from €47,489 to €69,790
- Trade debts -€8,427
down €8,427 (-83.5%), from €10,097 to €1,670
- Tax, wage and social debts -€6,564
down €6,564 (-75.5%), from €8,699 to €2,135
- Gross operating margin -€31,801
down €31,801 (-48.3%), from €65,867 to €34,066
- Taxes -€7,079
down €7,079 (-40.2%), from €17,597 to €10,518
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 | €72,258 | €79,510 | +€7,252 | +10.0% |
| Fixed assets | 21/28 | €50,986 | €50,629 | -€356 | -0.7% |
| Tangible fixed assets | 22/27 | €986 | €629 | -€356 | -36.2% |
| Furniture and vehicles | 24 | €986 | €629 | -€356 | -36.2% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €21,273 | €28,881 | +€7,608 | +35.8% |
| Amounts receivable within one year | 40/41 | €387 | €0 | -€387 | -100% |
| Trade receivables | 40 | €387 | €0 | -€387 | -100% |
| Cash at bank and in hand | 54/58 | €20,885 | €28,868 | +€7,982 | +38.2% |
| Deferred charges and accrued income | 490/1 | - | €13 | +€13 | |
| Total equity and liabilities | 10/49 | €72,258 | €79,510 | +€7,252 | +10.0% |
| Equity | 10/15 | €52,489 | €74,790 | +€22,300 | +42.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,489 | €69,790 | +€22,300 | +47.0% |
| Distributable reserves | 133 | €47,489 | €69,790 | +€22,300 | +47.0% |
| Amounts payable | 17/49 | €19,769 | €4,720 | -€15,049 | -76.1% |
| Amounts payable within one year | 42/48 | €19,769 | €4,720 | -€15,049 | -76.1% |
| Trade debts | 44 | €10,097 | €1,670 | -€8,427 | -83.5% |
| Suppliers | 440/4 | €10,097 | €1,670 | -€8,427 | -83.5% |
| Taxes, remuneration and social security | 45 | €8,699 | €2,135 | -€6,564 | -75.5% |
| Taxes | 450/3 | €8,699 | €2,135 | -€6,564 | -75.5% |
| Other amounts payable | 47/48 | €973 | €915 | -€57 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83 | €356 | +€273 | +327% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €65,867 | €34,066 | -€31,801 | -48.3% |
| Operating profit (loss) | 9901 | €65,396 | €33,310 | -€32,086 | -49.1% |
| Financial income | 75/76B | €0 | €33 | +€33 | +65,560% |
| Recurring financial income | 75 | €0 | €33 | +€33 | +65,560% |
| Financial charges | 65/66B | €310 | €524 | +€214 | +68.9% |
| Recurring financial charges | 65 | €310 | €524 | +€214 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | €65,086 | €32,818 | -€32,268 | -49.6% |
| Income taxes | 67/77 | €17,597 | €10,518 | -€7,079 | -40.2% |
| Profit (loss) for the period | 9904 | €47,489 | €22,300 | -€25,189 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,489 | €22,300 | -€25,189 | -53.0% |
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.