WALRUS: 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.
WALRUS
Largest movements
- Cash +€3,035
up €3,035 (+17.5%), from €17,365 to €20,401
mainly Net result for the year (+€20,129) and Trade debts (+€9,815)
- Debts after one year -€24,230
down €24,230 (-18.3%), from €132,474 to €108,243
- Reserves +€20,129
up €20,129 (+24.0%), from €84,002 to €104,131
- Trade debts +€9,815
up €9,815 (+14094.1%), from €70 to €9,885
- Gross operating margin -€4,045
down €4,045 (-10.3%), from €39,280 to €35,235
- Taxes -€1,436
down €1,436 (-11.9%), from €12,098 to €10,662
- Financial charges +€936
up €936 (+51.3%), from €1,825 to €2,761
- Other operating charges +€508
up €508 (+89.8%), from €566 to €1,075
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 | €266,907 | €269,297 | +€2,390 | +0.9% |
| Fixed assets | 21/28 | €241,290 | €240,681 | -€609 | -0.3% |
| Tangible fixed assets | 22/27 | €787 | €179 | -€609 | -77.3% |
| Furniture and vehicles | 24 | €787 | €179 | -€609 | -77.3% |
| Financial fixed assets | 28 | €240,503 | €240,503 | = | 0.0% |
| Current assets | 29/58 | €25,617 | €28,616 | +€2,999 | +11.7% |
| Amounts receivable within one year | 40/41 | €7,657 | €7,600 | -€57 | -0.7% |
| Trade receivables | 40 | €7,657 | €7,600 | -€57 | -0.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €17,365 | €20,401 | +€3,035 | +17.5% |
| Deferred charges and accrued income | 490/1 | €595 | €615 | +€20 | +3.4% |
| Total equity and liabilities | 10/49 | €266,907 | €269,297 | +€2,390 | +0.9% |
| Equity | 10/15 | €89,002 | €109,131 | +€20,129 | +22.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,002 | €104,131 | +€20,129 | +24.0% |
| Distributable reserves | 133 | €84,002 | €104,131 | +€20,129 | +24.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €177,905 | €160,167 | -€17,739 | -10.0% |
| Amounts payable after more than one year | 17 | €132,474 | €108,243 | -€24,230 | -18.3% |
| Financial debts | 170/4 | €132,474 | €108,243 | -€24,230 | -18.3% |
| Amounts payable within one year | 42/48 | €45,247 | €51,923 | +€6,676 | +14.8% |
| Current portion of amounts payable after more than one year | 42 | €23,991 | €24,230 | +€239 | +1.0% |
| Trade debts | 44 | €70 | €9,885 | +€9,815 | +14094.1% |
| Suppliers | 440/4 | €70 | €9,885 | +€9,815 | +14094.1% |
| Taxes, remuneration and social security | 45 | €7,697 | €5,531 | -€2,166 | -28.1% |
| Taxes | 450/3 | €7,697 | €5,531 | -€2,166 | -28.1% |
| Other amounts payable | 47/48 | €13,490 | €12,277 | -€1,213 | -9.0% |
| Accrued charges and deferred income | 492/3 | €184 | €0 | -€184 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609 | €609 | = | 0.0% |
| Other operating charges | 640/8 | €566 | €1,075 | +€508 | +89.8% |
| Gross operating margin | 9900 | €39,280 | €35,235 | -€4,045 | -10.3% |
| Operating profit (loss) | 9901 | €38,105 | €33,552 | -€4,553 | -11.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,825 | €2,761 | +€936 | +51.3% |
| Recurring financial charges | 65 | €1,825 | €2,761 | +€936 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €36,280 | €30,791 | -€5,489 | -15.1% |
| Income taxes | 67/77 | €12,098 | €10,662 | -€1,436 | -11.9% |
| Profit (loss) for the period | 9904 | €24,182 | €20,129 | -€4,053 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,182 | €20,129 | -€4,053 | -16.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.