WALRAVENS-STEENACKER: 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-STEENACKER
Largest movements
- Current investments +€218,410
up €218,410 (+138%), from €158,700 to €377,110
- Cash -€52,708
down €52,708 (-93.9%), from €56,151 to €3,444
- Receivables after one year -€41,867
down €41,867 (-100%), from €41,867 to €0
- Reserves +€121,946
up €121,946 (+46.9%), from €259,810 to €381,756
of which Distributable reserves: +€121,946
- Tax, wage and social debts +€12,967
up €12,967 (+2,093%), from €620 to €13,587
of which Taxes: +€13,367
- Other debts -€6,964
down €6,964 (-38.4%), from €18,124 to €11,159
- Gross operating margin +€86,477
up €86,477 (+72.3%), from €119,589 to €206,065
- Taxes +€33,015
up €33,015 (+86.2%), from €38,312 to €71,327
- Financial income +€20,585
up €20,585 (+1,378%), from €1,494 to €22,079
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,950 | €413,488 | +€126,538 | +44.1% |
| Fixed assets | 21/28 | €11,456 | €10,883 | -€573 | -5.0% |
| Tangible fixed assets | 22/27 | €11,456 | €10,883 | -€573 | -5.0% |
| Plant, machinery and equipment | 23 | €8,995 | €8,488 | -€507 | -5.6% |
| Furniture and vehicles | 24 | €2,461 | €2,395 | -€66 | -2.7% |
| Current assets | 29/58 | €275,494 | €402,605 | +€127,111 | +46.1% |
| Amounts receivable after more than one year | 29 | €41,867 | €0 | -€41,867 | -100% |
| Other amounts receivable | 291 | €41,867 | €0 | -€41,867 | -100% |
| Amounts receivable within one year | 40/41 | €17,233 | €19,500 | +€2,267 | +13.2% |
| Trade receivables | 40 | €17,233 | €19,500 | +€2,267 | +13.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €158,700 | €377,110 | +€218,410 | +138% |
| Cash at bank and in hand | 54/58 | €56,151 | €3,444 | -€52,708 | -93.9% |
| Deferred charges and accrued income | 490/1 | €1,543 | €2,552 | +€1,009 | +65.4% |
| Total equity and liabilities | 10/49 | €286,950 | €413,488 | +€126,538 | +44.1% |
| Equity | 10/15 | €265,310 | €387,256 | +€121,946 | +46.0% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Reserves | 13 | €259,810 | €381,756 | +€121,946 | +46.9% |
| Non-distributable reserves | 130/1 | €550 | €550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €550 | €550 | = | 0.0% |
| Distributable reserves | 133 | €259,260 | €381,206 | +€121,946 | +47.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,641 | €26,233 | +€4,592 | +21.2% |
| Amounts payable within one year | 42/48 | €21,641 | €25,633 | +€3,992 | +18.4% |
| Trade debts | 44 | €2,897 | €886 | -€2,011 | -69.4% |
| Suppliers | 440/4 | €2,897 | €886 | -€2,011 | -69.4% |
| Taxes, remuneration and social security | 45 | €620 | €13,587 | +€12,967 | +2,093% |
| Taxes | 450/3 | €220 | €13,587 | +€13,367 | +6,085% |
| Remuneration and social security | 454/9 | €400 | €0 | -€400 | -100% |
| Other amounts payable | 47/48 | €18,124 | €11,159 | -€6,964 | -38.4% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,445 | €4,562 | +€1,116 | +32.4% |
| Other operating charges | 640/8 | €993 | €1,894 | +€900 | +90.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €119,589 | €206,065 | +€86,477 | +72.3% |
| Operating profit (loss) | 9901 | €115,150 | €199,610 | +€84,460 | +73.3% |
| Financial income | 75/76B | €1,494 | €22,079 | +€20,585 | +1,378% |
| Recurring financial income | 75 | €1,494 | €22,079 | +€20,585 | +1,378% |
| Financial charges | 65/66B | €75 | €137 | +€61 | +81.0% |
| Recurring financial charges | 65 | €75 | €137 | +€61 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | €116,568 | €221,552 | +€104,984 | +90.1% |
| Income taxes | 67/77 | €38,312 | €71,327 | +€33,015 | +86.2% |
| Profit (loss) for the period | 9904 | €78,256 | €150,225 | +€71,969 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,256 | €150,225 | +€71,969 | +92.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.