WALRAVENSBOS: 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.
WALRAVENSBOS
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+113%), from €1.1m to €2.2m
- Receivables within one year +€79,800
up €79,800 (+2,029%), from €3,933 to €83,733
of which Other amounts receivable: +€79,800
- Debts after one year +€1.1m
up €1.1m (+155%), from €702,062 to €1.8m
- Other debts +€133,372
up €133,372 (+636%), from €20,978 to €154,350
- Current portion of long-term debt +€59,599
up €59,599 (+73.7%), from €80,858 to €140,458
- Depreciation +€57,187
up €57,187 (+99.8%), from €57,277 to €114,464
- Gross operating margin +€31,241
up €31,241 (+25.0%), from €125,118 to €156,359
- Financial charges +€6,295
up €6,295 (+49.9%), from €12,623 to €18,918
- Taxes +€3,921
up €3,921 (+37.9%), from €10,335 to €14,256
- Other operating charges +€2,367
up €2,367 (+22.0%), from €10,771 to €13,137
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 | €1,058,043 | €2,338,056 | +€1.3m | +121% |
| Fixed assets | 21/28 | €1,052,070 | €2,240,012 | +€1.2m | +113% |
| Tangible fixed assets | 22/27 | €1,052,070 | €2,240,012 | +€1.2m | +113% |
| Land and buildings | 22 | €1,052,070 | €2,240,012 | +€1.2m | +113% |
| Current assets | 29/58 | €5,973 | €98,044 | +€92,071 | +1,541% |
| Amounts receivable within one year | 40/41 | €3,933 | €83,733 | +€79,800 | +2,029% |
| Trade receivables | 40 | €3,605 | €3,605 | = | 0.0% |
| Other amounts receivable | 41 | €328 | €80,128 | +€79,800 | +24,328% |
| Cash at bank and in hand | 54/58 | €2,040 | €14,311 | +€12,270 | +601% |
| Total equity and liabilities | 10/49 | €1,058,043 | €2,338,056 | +€1.3m | +121% |
| Equity | 10/15 | €254,144 | €248,729 | -€5,415 | -2.1% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Capital | 10 | €45,000 | €45,000 | = | 0.0% |
| Issued capital | 100 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €209,144 | €203,729 | -€5,415 | -2.6% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Legal reserve | 130 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €204,644 | €199,229 | -€5,415 | -2.6% |
| Amounts payable | 17/49 | €803,899 | €2,089,327 | +€1.3m | +160% |
| Amounts payable after more than one year | 17 | €702,062 | €1,787,038 | +€1.1m | +155% |
| Financial debts | 170/4 | €702,062 | €1,787,038 | +€1.1m | +155% |
| Amounts payable within one year | 42/48 | €101,836 | €302,289 | +€200,452 | +197% |
| Current portion of amounts payable after more than one year | 42 | €80,858 | €140,458 | +€59,599 | +73.7% |
| Trade debts | 44 | - | €552 | +€552 | |
| Suppliers | 440/4 | - | €552 | +€552 | |
| Taxes, remuneration and social security | 45 | - | €6,930 | +€6,930 | |
| Taxes | 450/3 | - | €6,930 | +€6,930 | |
| Other amounts payable | 47/48 | €20,978 | €154,350 | +€133,372 | +636% |
| Remuneration, social security and pensions | 62 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,277 | €114,464 | +€57,187 | +99.8% |
| Other operating charges | 640/8 | €10,771 | €13,137 | +€2,367 | +22.0% |
| Gross operating margin | 9900 | €125,118 | €156,359 | +€31,241 | +25.0% |
| Operating profit (loss) | 9901 | €57,070 | €27,759 | -€29,312 | -51.4% |
| Financial charges | 65/66B | €12,623 | €18,918 | +€6,295 | +49.9% |
| Recurring financial charges | 65 | €12,623 | €18,918 | +€6,295 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €44,447 | €8,841 | -€35,606 | -80.1% |
| Income taxes | 67/77 | €10,335 | €14,256 | +€3,921 | +37.9% |
| Profit (loss) for the period | 9904 | €34,112 | -€5,415 | -€39,528 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,112 | -€5,415 | -€39,528 |
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 25 October 2026 via checked.be.