WALRY: 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.
WALRY
Largest movements
- Cash +€39,144
up €39,144 (+78.0%), from €50,180 to €89,323
mainly Receivables within one year (+€34,575) and Other debts (+€14,695)
- Receivables within one year -€34,575
down €34,575 (-32.0%), from €108,161 to €73,586
of which Trade receivables: -€24,204
- Tax, wage and social debts -€14,958
down €14,958 (-40.9%), from €36,557 to €21,599
of which Remuneration and social security: -€10,429
- Other debts +€14,695
up €14,695 (+35.0%), from €42,043 to €56,737
- Current portion of long-term debt -€8,500
down €8,500 (-7.2%), from €118,500 to €110,000
- Trade debts +€8,264
up €8,264 (+5.8%), from €143,489 to €151,753
- Profit (loss) carried forward +€7,763
up €7,763 (+15.5%), from -€50,016 to -€42,253
- Staff costs -€23,733
down €23,733 (-29.6%), from €80,066 to €56,334
- Gross operating margin +€20,330
up €20,330 (+36.2%), from €56,125 to €76,455
- Financial charges -€6,185
down €6,185 (-48.0%), from €12,899 to €6,714
- Financial income -€1,855
down €1,855 (-75.0%), from €2,474 to €619
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 | €363,664 | €369,141 | +€5,477 | +1.5% |
| Fixed assets | 21/28 | €3,058 | €2,385 | -€674 | -22.0% |
| Tangible fixed assets | 22/27 | €2,623 | €1,949 | -€674 | -25.7% |
| Plant, machinery and equipment | 23 | €161 | €0 | -€161 | -100.0% |
| Other tangible fixed assets | 26 | €2,462 | €1,949 | -€512 | -20.8% |
| Financial fixed assets | 28 | €436 | €436 | = | 0.0% |
| Current assets | 29/58 | €360,606 | €366,756 | +€6,150 | +1.7% |
| Stocks and contracts in progress | 3 | €202,265 | €203,767 | +€1,502 | +0.7% |
| Stocks | 30/36 | €202,265 | €203,767 | +€1,502 | +0.7% |
| Amounts receivable within one year | 40/41 | €108,161 | €73,586 | -€34,575 | -32.0% |
| Trade receivables | 40 | €97,645 | €73,440 | -€24,204 | -24.8% |
| Other amounts receivable | 41 | €10,517 | €146 | -€10,371 | -98.6% |
| Cash at bank and in hand | 54/58 | €50,180 | €89,323 | +€39,144 | +78.0% |
| Deferred charges and accrued income | 490/1 | - | €80 | +€80 | |
| Total equity and liabilities | 10/49 | €363,664 | €369,141 | +€5,477 | +1.5% |
| Equity | 10/15 | €476 | €8,239 | +€7,763 | +1630.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,900 | €31,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,630 | €13,630 | = | 0.0% |
| Distributable reserves | 133 | €16,411 | €16,411 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,016 | -€42,253 | +€7,763 | +15.5% |
| Amounts payable | 17/49 | €363,188 | €360,902 | -€2,286 | -0.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €340,589 | €340,090 | -€498 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €118,500 | €110,000 | -€8,500 | -7.2% |
| Trade debts | 44 | €143,489 | €151,753 | +€8,264 | +5.8% |
| Suppliers | 440/4 | €143,489 | €151,753 | +€8,264 | +5.8% |
| Taxes, remuneration and social security | 45 | €36,557 | €21,599 | -€14,958 | -40.9% |
| Taxes | 450/3 | €9,612 | €5,084 | -€4,529 | -47.1% |
| Remuneration and social security | 454/9 | €26,945 | €16,515 | -€10,429 | -38.7% |
| Other amounts payable | 47/48 | €42,043 | €56,737 | +€14,695 | +35.0% |
| Accrued charges and deferred income | 492/3 | €22,599 | €20,812 | -€1,788 | -7.9% |
| Remuneration, social security and pensions | 62 | €80,066 | €56,334 | -€23,733 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €875 | €674 | -€202 | -23.1% |
| Other operating charges | 640/8 | €5,804 | €5,590 | -€213 | -3.7% |
| Gross operating margin | 9900 | €56,125 | €76,455 | +€20,330 | +36.2% |
| Operating profit (loss) | 9901 | -€30,621 | €13,858 | +€44,478 | |
| Financial income | 75/76B | €2,474 | €619 | -€1,855 | -75.0% |
| Recurring financial income | 75 | €2,474 | €619 | -€1,855 | -75.0% |
| Financial charges | 65/66B | €12,899 | €6,714 | -€6,185 | -48.0% |
| Recurring financial charges | 65 | €12,899 | €6,714 | -€6,185 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | -€41,046 | €7,763 | +€48,809 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€41,046 | €7,763 | +€48,809 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,046 | €7,763 | +€48,809 |
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 2 October 2026 via checked.be.