WALSBERGHE: 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.
WALSBERGHE
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+906%), from €129,609 to €1.3m
of which Trade receivables: +€1.1m
- Stocks and contracts -€541,769
down €541,769 (-53.2%), from €1.0m to €477,154
- Cash +€120,982
up €120,982 (+52.4%), from €230,942 to €351,923
mainly Net result for the year (+€593,455) and Stocks and contracts (+€541,769)
- Tangible fixed assets -€72,218
down €72,218 (-20.8%), from €347,458 to €275,240
of which Land and buildings: -€73,699
- Receivables after one year -€40,000
down €40,000 (-5.8%), from €688,147 to €648,147
- Profit (loss) carried forward +€593,455
up €593,455 (+65.7%), from -€903,615 to -€310,160
- Trade debts +€51,256
up €51,256 (+5.7%), from €894,791 to €946,047
- Gross operating margin +€955,288
up €955,288, from -€66,511 to €888,777
- Depreciation +€14,929
up €14,929 (+17.2%), from €86,745 to €101,674
- Staff costs +€13,758
up €13,758 (+18.7%), from €73,406 to €87,164
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 | €2,481,497 | €3,110,295 | +€628,798 | +25.3% |
| Fixed assets | 21/28 | €404,858 | €320,003 | -€84,854 | -21.0% |
| Intangible fixed assets | 21 | €57,400 | €44,763 | -€12,636 | -22.0% |
| Tangible fixed assets | 22/27 | €347,458 | €275,240 | -€72,218 | -20.8% |
| Land and buildings | 22 | €304,025 | €230,326 | -€73,699 | -24.2% |
| Plant, machinery and equipment | 23 | €5,541 | €9,710 | +€4,170 | +75.3% |
| Furniture and vehicles | 24 | €37,893 | €35,204 | -€2,689 | -7.1% |
| Current assets | 29/58 | €2,076,639 | €2,790,291 | +€713,652 | +34.4% |
| Amounts receivable after more than one year | 29 | €688,147 | €648,147 | -€40,000 | -5.8% |
| Other amounts receivable | 291 | €688,147 | €648,147 | -€40,000 | -5.8% |
| Stocks and contracts in progress | 3 | €1,018,923 | €477,154 | -€541,769 | -53.2% |
| Stocks | 30/36 | €1,018,923 | €477,154 | -€541,769 | -53.2% |
| Amounts receivable within one year | 40/41 | €129,609 | €1,303,339 | +€1.2m | +906% |
| Trade receivables | 40 | €120,731 | €1,258,762 | +€1.1m | +943% |
| Other amounts receivable | 41 | €8,878 | €44,577 | +€35,699 | +402% |
| Cash at bank and in hand | 54/58 | €230,942 | €351,923 | +€120,982 | +52.4% |
| Deferred charges and accrued income | 490/1 | €9,017 | €9,728 | +€710 | +7.9% |
| Total equity and liabilities | 10/49 | €2,481,497 | €3,110,295 | +€628,798 | +25.3% |
| Equity | 10/15 | €1,493,054 | €2,086,509 | +€593,455 | +39.7% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €2,322,300 | €2,322,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €2,314,864 | €2,314,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€903,615 | -€310,160 | +€593,455 | +65.7% |
| Amounts payable | 17/49 | €988,443 | €1,023,786 | +€35,343 | +3.6% |
| Amounts payable after more than one year | 17 | €60,305 | €43,893 | -€16,412 | -27.2% |
| Financial debts | 170/4 | €60,305 | €43,893 | -€16,412 | -27.2% |
| Amounts payable within one year | 42/48 | €924,743 | €976,461 | +€51,719 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €15,794 | €16,412 | +€618 | +3.9% |
| Trade debts | 44 | €894,791 | €946,047 | +€51,256 | +5.7% |
| Suppliers | 440/4 | €894,791 | €946,047 | +€51,256 | +5.7% |
| Taxes, remuneration and social security | 45 | €8,015 | €5,090 | -€2,925 | -36.5% |
| Taxes | 450/3 | €3,515 | €5,090 | +€1,575 | +44.8% |
| Remuneration and social security | 454/9 | €4,500 | - | -€4,500 | |
| Other amounts payable | 47/48 | €6,142 | €8,912 | +€2,771 | +45.1% |
| Accrued charges and deferred income | 492/3 | €3,396 | €3,432 | +€36 | +1.1% |
| Remuneration, social security and pensions | 62 | €73,406 | €87,164 | +€13,758 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,745 | €101,674 | +€14,929 | +17.2% |
| Other operating charges | 640/8 | €9,964 | €6,751 | -€3,214 | -32.3% |
| Non-recurring operating charges | 66A | - | €100,000 | +€100,000 | |
| Gross operating margin | 9900 | -€66,511 | €888,777 | +€955,288 | |
| Operating profit (loss) | 9901 | -€236,626 | €593,189 | +€829,815 | |
| Financial income | 75/76B | €23,681 | €14,878 | -€8,803 | -37.2% |
| Recurring financial income | 75 | €23,681 | €14,878 | -€8,803 | -37.2% |
| Financial charges | 65/66B | €10,341 | €10,810 | +€469 | +4.5% |
| Recurring financial charges | 65 | €10,341 | €10,810 | +€469 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€223,286 | €597,257 | +€820,543 | |
| Income taxes | 67/77 | €429 | €3,802 | +€3,373 | +786% |
| Profit (loss) for the period | 9904 | -€223,715 | €593,455 | +€817,171 | |
| Profit (loss) for the period to be appropriated | 9905 | -€223,715 | €593,455 | +€817,171 |
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 16 October 2026 via checked.be.