WALRAVENS D.: 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.
WALRAVENS D.
Largest movements
- Cash +€81,427
up €81,427 (+445%), from €18,293 to €99,719
mainly Net result for the year (+€88,323) and Depreciation (+€1,380)
- Reserves +€88,323
up €88,323 (+354%), from €24,964 to €113,288
- Tax, wage and social debts -€7,614
down €7,614 (-34.5%), from €22,040 to €14,425
- Gross operating margin +€93,328
up €93,328 (+247%), from €37,797 to €131,125
- Taxes +€28,767
up €28,767 (+233%), from €12,335 to €41,102
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 | €51,021 | €132,054 | +€81,033 | +159% |
| Fixed assets | 21/28 | €2,138 | €2,931 | +€794 | +37.1% |
| Tangible fixed assets | 22/27 | €2,138 | €2,931 | +€794 | +37.1% |
| Plant, machinery and equipment | 23 | - | €1,531 | +€1,531 | |
| Furniture and vehicles | 24 | €2,138 | €1,401 | -€737 | -34.5% |
| Current assets | 29/58 | €48,884 | €129,122 | +€80,239 | +164% |
| Amounts receivable within one year | 40/41 | €30,492 | €29,403 | -€1,089 | -3.6% |
| Trade receivables | 40 | €30,492 | €29,403 | -€1,089 | -3.6% |
| Cash at bank and in hand | 54/58 | €18,293 | €99,719 | +€81,427 | +445% |
| Deferred charges and accrued income | 490/1 | €99 | - | -€99 | |
| Total equity and liabilities | 10/49 | €51,021 | €132,054 | +€81,033 | +159% |
| Equity | 10/15 | €27,464 | €115,788 | +€88,323 | +322% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €24,964 | €113,288 | +€88,323 | +354% |
| Distributable reserves | 133 | €24,964 | €113,288 | +€88,323 | +354% |
| Amounts payable | 17/49 | €23,557 | €16,266 | -€7,291 | -30.9% |
| Amounts payable within one year | 42/48 | €23,557 | €16,266 | -€7,291 | -30.9% |
| Trade debts | 44 | €99 | €776 | +€677 | +683% |
| Suppliers | 440/4 | €99 | €776 | +€677 | +683% |
| Taxes, remuneration and social security | 45 | €22,040 | €14,425 | -€7,614 | -34.5% |
| Taxes | 450/3 | €22,040 | €14,425 | -€7,614 | -34.5% |
| Other amounts payable | 47/48 | €1,418 | €1,065 | -€353 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73 | €1,380 | +€1,307 | +1,799% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €37,797 | €131,125 | +€93,328 | +247% |
| Operating profit (loss) | 9901 | €37,337 | €129,345 | +€92,008 | +246% |
| Financial income | 75/76B | - | €280 | +€280 | |
| Recurring financial income | 75 | - | €280 | +€280 | |
| Financial charges | 65/66B | €38 | €200 | +€163 | +433% |
| Recurring financial charges | 65 | €38 | €200 | +€163 | +433% |
| Profit (loss) for the period before taxes | 9903 | €37,299 | €129,425 | +€92,126 | +247% |
| Income taxes | 67/77 | €12,335 | €41,102 | +€28,767 | +233% |
| Profit (loss) for the period | 9904 | €24,964 | €88,323 | +€63,359 | +254% |
| Profit (loss) for the period to be appropriated | 9905 | €24,964 | €88,323 | +€63,359 | +254% |
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 16 October 2026 via checked.be.