WALOTEX: 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.
WALOTEX
Largest movements
- Tangible fixed assets -€151,811
down €151,811 (-14.9%), from €1.0m to €867,706
of which Plant, machinery and equipment: -€147,460
- Receivables within one year +€95,465
up €95,465 (+26.7%), from €357,951 to €453,416
of which Other amounts receivable: +€89,031
- Cash +€64,500
up €64,500 (+227.2%), from €28,386 to €92,886
mainly Depreciation (+€196,496) and Trade debts (+€172,119)
- Stocks and contracts +€46,756
up €46,756 (+16.5%), from €282,803 to €329,559
- Trade debts +€172,119
up €172,119 (+29.3%), from €587,997 to €760,116
- Revaluation surpluses -€65,500
down €65,500 (-10.0%), from €655,000 to €589,500
- Profit (loss) carried forward -€45,876
down €45,876 (-182.9%), from -€25,083 to -€70,959
- Reserves +€20,219
up €20,219 (+34.1%), from €59,324 to €79,543
of which Distributable reserves: +€65,500
- Depreciation +€68,277
up €68,277 (+53.2%), from €128,220 to €196,496
- Gross operating margin -€58,447
down €58,447 (-8.2%), from €709,070 to €650,623
- Staff costs +€18,031
up €18,031 (+3.5%), from €509,129 to €527,160
- Taxes +€11,370
up €11,370 (+655.7%), from €1,734 to €13,104
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 | €1,690,869 | €1,744,006 | +€53,137 | +3.1% |
| Fixed assets | 21/28 | €1,019,912 | €867,789 | -€152,123 | -14.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,019,517 | €867,706 | -€151,811 | -14.9% |
| Plant, machinery and equipment | 23 | €996,092 | €848,632 | -€147,460 | -14.8% |
| Furniture and vehicles | 24 | €9,330 | €7,189 | -€2,141 | -23.0% |
| Other tangible fixed assets | 26 | €14,095 | €11,886 | -€2,209 | -15.7% |
| Financial fixed assets | 28 | €395 | €83 | -€313 | -79.1% |
| Current assets | 29/58 | €670,957 | €876,217 | +€205,261 | +30.6% |
| Stocks and contracts in progress | 3 | €282,803 | €329,559 | +€46,756 | +16.5% |
| Stocks | 30/36 | €282,803 | €329,559 | +€46,756 | +16.5% |
| Amounts receivable within one year | 40/41 | €357,951 | €453,416 | +€95,465 | +26.7% |
| Trade receivables | 40 | €331,165 | €337,600 | +€6,435 | +1.9% |
| Other amounts receivable | 41 | €26,785 | €115,816 | +€89,031 | +332.4% |
| Cash at bank and in hand | 54/58 | €28,386 | €92,886 | +€64,500 | +227.2% |
| Deferred charges and accrued income | 490/1 | €1,817 | €357 | -€1,460 | -80.4% |
| Total equity and liabilities | 10/49 | €1,690,869 | €1,744,006 | +€53,137 | +3.1% |
| Equity | 10/15 | €707,792 | €616,634 | -€91,157 | -12.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €655,000 | €589,500 | -€65,500 | -10.0% |
| Reserves | 13 | €59,324 | €79,543 | +€20,219 | +34.1% |
| Tax-exempt reserves | 132 | €57,469 | €12,188 | -€45,281 | -78.8% |
| Distributable reserves | 133 | €1,855 | €67,355 | +€65,500 | +3531.0% |
| Profit (loss) carried forward | 14 | -€25,083 | -€70,959 | -€45,876 | -182.9% |
| Provisions and deferred taxes | 16 | €19,156 | €4,063 | -€15,094 | -78.8% |
| Deferred taxes | 168 | €19,156 | €4,063 | -€15,094 | -78.8% |
| Amounts payable | 17/49 | €963,920 | €1,123,309 | +€159,389 | +16.5% |
| Amounts payable after more than one year | 17 | €276,390 | €274,586 | -€1,804 | -0.7% |
| Financial debts | 170/4 | €2,890 | €1,086 | -€1,804 | -62.4% |
| Other amounts payable | 178/9 | €273,500 | €273,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €671,101 | €846,658 | +€175,557 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €1,734 | €1,804 | +€70 | +4.1% |
| Trade debts | 44 | €587,997 | €760,116 | +€172,119 | +29.3% |
| Suppliers | 440/4 | €587,997 | €760,116 | +€172,119 | +29.3% |
| Advances received on contracts in progress | 46 | €5,707 | - | -€5,707 | |
| Taxes, remuneration and social security | 45 | €74,557 | €83,631 | +€9,075 | +12.2% |
| Taxes | 450/3 | €9,713 | €20,777 | +€11,064 | +113.9% |
| Remuneration and social security | 454/9 | €64,844 | €62,854 | -€1,990 | -3.1% |
| Other amounts payable | 47/48 | €1,107 | €1,107 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €16,430 | €2,065 | -€14,365 | -87.4% |
| Non-recurring operating income | 76A | - | €51,783 | +€51,783 | |
| Remuneration, social security and pensions | 62 | €509,129 | €527,160 | +€18,031 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,220 | €196,496 | +€68,277 | +53.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€514 | -€303 | +€211 | +41.0% |
| Other operating charges | 640/8 | €2,809 | €2,259 | -€551 | -19.6% |
| Gross operating margin | 9900 | €709,070 | €650,623 | -€58,447 | -8.2% |
| Operating profit (loss) | 9901 | €69,426 | -€74,989 | -€144,415 | |
| Financial income | 75/76B | €2,600 | €1,850 | -€749 | -28.8% |
| Recurring financial income | 75 | €2,600 | €1,850 | -€749 | -28.8% |
| Financial charges | 65/66B | €20,974 | €20,008 | -€965 | -4.6% |
| Recurring financial charges | 65 | €20,974 | €20,008 | -€965 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €51,052 | -€93,147 | -€144,199 | |
| Transfer from deferred taxes | 780 | €15,094 | €15,094 | = | 0.0% |
| Income taxes | 67/77 | €1,734 | €13,104 | +€11,370 | +655.7% |
| Profit (loss) for the period | 9904 | €64,412 | -€91,157 | -€155,569 | |
| Transfer from tax-exempt reserves | 789 | €45,281 | €45,281 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €109,693 | -€45,876 | -€155,569 |
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.