WALON: 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.
WALON
Largest movements
- Current investments +€10,800
up €10,800 (+16.0%), from €67,646 to €78,446
- Cash +€8,252
up €8,252 (+9.4%), from €88,080 to €96,333
mainly Net result for the year (+€53,616) and Depreciation (+€36,994)
- Receivables within one year -€4,571
down €4,571 (-67.5%), from €6,771 to €2,200
of which Trade receivables: -€2,650
- Tangible fixed assets +€3,006
up €3,006 (+2.8%), from €107,967 to €110,974
of which Plant, machinery and equipment: +€27,000
- Reserves +€53,000
up €53,000 (+61.7%), from €85,860 to €138,860
- Debts after one year -€12,378
down €12,378 (-11.3%), from €109,895 to €97,517
of which Financial debts: -€9,989
- Tax, wage and social debts -€12,276
down €12,276 (-36.3%), from €33,779 to €21,503
of which Remuneration and social security: -€9,412
- Trade debts -€11,892
down €11,892 (-66.1%), from €17,997 to €6,105
- Gross operating margin -€55,212
down €55,212 (-30.0%), from €183,976 to €128,764
- Staff costs -€27,178
down €27,178 (-67.9%), from €40,040 to €12,862
- Other operating charges -€3,960
down €3,960 (-77.6%), from €5,101 to €1,140
- Depreciation -€3,487
down €3,487 (-8.6%), from €40,481 to €36,994
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,490 | €287,977 | +€17,487 | +6.5% |
| Fixed assets | 21/28 | €107,992 | €110,999 | +€3,006 | +2.8% |
| Tangible fixed assets | 22/27 | €107,967 | €110,974 | +€3,006 | +2.8% |
| Plant, machinery and equipment | 23 | €15,000 | €42,000 | +€27,000 | +180.0% |
| Furniture and vehicles | 24 | €90,640 | €67,422 | -€23,218 | -25.6% |
| Other tangible fixed assets | 26 | €2,327 | €1,552 | -€776 | -33.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €162,498 | €176,979 | +€14,481 | +8.9% |
| Amounts receivable within one year | 40/41 | €6,771 | €2,200 | -€4,571 | -67.5% |
| Trade receivables | 40 | €2,650 | €0 | -€2,650 | -100.0% |
| Other amounts receivable | 41 | €4,121 | €2,200 | -€1,921 | -46.6% |
| Current investments | 50/53 | €67,646 | €78,446 | +€10,800 | +16.0% |
| Cash at bank and in hand | 54/58 | €88,080 | €96,333 | +€8,252 | +9.4% |
| Total equity and liabilities | 10/49 | €270,490 | €287,977 | +€17,487 | +6.5% |
| Equity | 10/15 | €99,248 | €152,864 | +€53,616 | +54.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €85,860 | €138,860 | +€53,000 | +61.7% |
| Distributable reserves | 133 | €85,860 | €138,860 | +€53,000 | +61.7% |
| Profit (loss) carried forward | 14 | €988 | €1,604 | +€616 | +62.4% |
| Amounts payable | 17/49 | €171,242 | €135,113 | -€36,129 | -21.1% |
| Amounts payable after more than one year | 17 | €109,895 | €97,517 | -€12,378 | -11.3% |
| Financial debts | 170/4 | €25,795 | €15,806 | -€9,989 | -38.7% |
| Other amounts payable | 178/9 | €84,100 | €81,711 | -€2,390 | -2.8% |
| Amounts payable within one year | 42/48 | €61,348 | €37,596 | -€23,751 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €9,571 | €9,989 | +€418 | +4.4% |
| Trade debts | 44 | €17,997 | €6,105 | -€11,892 | -66.1% |
| Suppliers | 440/4 | €17,997 | €6,105 | -€11,892 | -66.1% |
| Taxes, remuneration and social security | 45 | €33,779 | €21,503 | -€12,276 | -36.3% |
| Taxes | 450/3 | €24,368 | €21,503 | -€2,865 | -11.8% |
| Remuneration and social security | 454/9 | €9,412 | €0 | -€9,412 | -100.0% |
| Non-recurring operating income | 76A | €4,217 | €0 | -€4,217 | -100.0% |
| Remuneration, social security and pensions | 62 | €40,040 | €12,862 | -€27,178 | -67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,481 | €36,994 | -€3,487 | -8.6% |
| Other operating charges | 640/8 | €5,101 | €1,140 | -€3,960 | -77.6% |
| Non-recurring operating charges | 66A | €0 | €83 | +€83 | |
| Gross operating margin | 9900 | €183,976 | €128,764 | -€55,212 | -30.0% |
| Operating profit (loss) | 9901 | €98,354 | €77,685 | -€20,669 | -21.0% |
| Financial income | 75/76B | - | €440 | +€440 | |
| Recurring financial income | 75 | - | €440 | +€440 | |
| Financial charges | 65/66B | €1,313 | €1,709 | +€396 | +30.2% |
| Recurring financial charges | 65 | €1,313 | €1,709 | +€396 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €97,042 | €76,416 | -€20,625 | -21.3% |
| Income taxes | 67/77 | €21,002 | €22,800 | +€1,799 | +8.6% |
| Profit (loss) for the period | 9904 | €76,040 | €53,616 | -€22,424 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €76,040 | €53,616 | -€22,424 | -29.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.