WALOR IMMO: 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.
WALOR IMMO
Largest movements
- Cash +€37,500
up €37,500 (+89.9%), from €41,728 to €79,228
mainly Net result for the year (+€67,940) and Depreciation (+€16,561)
- Deferred charges and accrued income +€24,652
up €24,652 (+788.7%), from €3,126 to €27,778
- Tangible fixed assets -€16,561
down €16,561 (-2.0%), from €812,194 to €795,633
- Profit (loss) carried forward +€67,940
up €67,940 (+95.9%), from -€70,844 to -€2,904
- Debts after one year -€36,456
down €36,456 (-5.5%), from €665,379 to €628,923
- Trade debts +€12,206
up €12,206, from €0 to €12,206
- Other operating charges -€92,825
down €92,825 (-88.2%), from €105,260 to €12,435
- Gross operating margin +€56,234
up €56,234 (+75.2%), from €74,822 to €131,057
- Financial charges +€9,187
up €9,187 (+36.8%), from €24,933 to €34,121
- Depreciation +€3,756
up €3,756 (+29.3%), from €12,806 to €16,561
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 | €857,049 | €902,639 | +€45,590 | +5.3% |
| Fixed assets | 21/28 | €812,194 | €795,633 | -€16,561 | -2.0% |
| Tangible fixed assets | 22/27 | €812,194 | €795,633 | -€16,561 | -2.0% |
| Land and buildings | 22 | €812,194 | €795,633 | -€16,561 | -2.0% |
| Current assets | 29/58 | €44,854 | €107,006 | +€62,152 | +138.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €41,728 | €79,228 | +€37,500 | +89.9% |
| Deferred charges and accrued income | 490/1 | €3,126 | €27,778 | +€24,652 | +788.7% |
| Total equity and liabilities | 10/49 | €857,049 | €902,639 | +€45,590 | +5.3% |
| Equity | 10/15 | €54,156 | €122,096 | +€67,940 | +125.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,844 | -€2,904 | +€67,940 | +95.9% |
| Amounts payable | 17/49 | €802,893 | €780,543 | -€22,350 | -2.8% |
| Amounts payable after more than one year | 17 | €665,379 | €628,923 | -€36,456 | -5.5% |
| Financial debts | 170/4 | €665,379 | €628,923 | -€36,456 | -5.5% |
| Amounts payable within one year | 42/48 | €137,514 | €151,620 | +€14,106 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €37,514 | €39,414 | +€1,900 | +5.1% |
| Trade debts | 44 | €0 | €12,206 | +€12,206 | |
| Suppliers | 440/4 | €0 | €12,206 | +€12,206 | |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,806 | €16,561 | +€3,756 | +29.3% |
| Other operating charges | 640/8 | €105,260 | €12,435 | -€92,825 | -88.2% |
| Gross operating margin | 9900 | €74,822 | €131,057 | +€56,234 | +75.2% |
| Operating profit (loss) | 9901 | -€43,243 | €102,061 | +€145,304 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €24,933 | €34,121 | +€9,187 | +36.8% |
| Recurring financial charges | 65 | €24,933 | €34,121 | +€9,187 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | -€68,176 | €67,940 | +€136,117 | |
| Profit (loss) for the period | 9904 | -€68,176 | €67,940 | +€136,117 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,176 | €67,940 | +€136,117 |
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 6 October 2026 via checked.be.