WALSCHOTS BEHEER: 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.
WALSCHOTS BEHEER
Largest movements
- Tangible fixed assets -€74,050
down €74,050 (-2.9%), from €2.5m to €2.5m
of which Land and buildings: -€69,924
- Cash +€29,133
up €29,133 (+1,560%), from €1,867 to €31,000
mainly Depreciation (+€86,697) and Net result for the year (+€69,277)
- Short-term financial debts -€110,000
down €110,000 (-36.7%), from €300,000 to €190,000
- Profit (loss) carried forward +€69,277
up €69,277 (+10.6%), from €653,982 to €723,260
- Other debts -€32,486
down €32,486 (-2.5%), from €1.3m to €1.3m
- Taxes -€30,446
down €30,446 (-55.5%), from €54,861 to €24,415
- Financial charges -€18,299
down €18,299 (-15.8%), from €115,828 to €97,529
- Gross operating margin -€6,363
down €6,363 (-2.1%), from €297,713 to €291,350
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 | €2,692,170 | €2,620,962 | -€71,208 | -2.6% |
| Fixed assets | 21/28 | €2,547,975 | €2,473,926 | -€74,050 | -2.9% |
| Tangible fixed assets | 22/27 | €2,547,975 | €2,473,926 | -€74,050 | -2.9% |
| Land and buildings | 22 | €2,533,253 | €2,463,329 | -€69,924 | -2.8% |
| Plant, machinery and equipment | 23 | €3,386 | €1,233 | -€2,154 | -63.6% |
| Furniture and vehicles | 24 | €11,336 | €9,364 | -€1,972 | -17.4% |
| Current assets | 29/58 | €144,194 | €147,036 | +€2,841 | +2.0% |
| Amounts receivable within one year | 40/41 | €39,559 | €13,134 | -€26,425 | -66.8% |
| Other amounts receivable | 41 | €39,559 | €13,134 | -€26,425 | -66.8% |
| Current investments | 50/53 | €100,334 | €100,334 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,867 | €31,000 | +€29,133 | +1,560% |
| Deferred charges and accrued income | 490/1 | €2,434 | €2,568 | +€134 | +5.5% |
| Total equity and liabilities | 10/49 | €2,692,170 | €2,620,962 | -€71,208 | -2.6% |
| Equity | 10/15 | €991,412 | €1,060,690 | +€69,277 | +7.0% |
| Contributions | 10/11 | €217,608 | €217,608 | = | 0.0% |
| Reserves | 13 | €119,822 | €119,822 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €119,822 | €119,822 | = | 0.0% |
| Profit (loss) carried forward | 14 | €653,982 | €723,260 | +€69,277 | +10.6% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €1,700,757 | €1,560,272 | -€140,485 | -8.3% |
| Amounts payable within one year | 42/48 | €1,627,522 | €1,483,324 | -€144,199 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €300,000 | €190,000 | -€110,000 | -36.7% |
| Credit institutions | 430/8 | €300,000 | €190,000 | -€110,000 | -36.7% |
| Taxes, remuneration and social security | 45 | €33,757 | €32,045 | -€1,712 | -5.1% |
| Taxes | 450/3 | €33,757 | €32,045 | -€1,712 | -5.1% |
| Other amounts payable | 47/48 | €1,293,765 | €1,261,279 | -€32,486 | -2.5% |
| Accrued charges and deferred income | 492/3 | €73,235 | €76,949 | +€3,713 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,393 | €86,697 | +€1,304 | +1.5% |
| Other operating charges | 640/8 | €13,970 | €14,404 | +€434 | +3.1% |
| Gross operating margin | 9900 | €297,713 | €291,350 | -€6,363 | -2.1% |
| Operating profit (loss) | 9901 | €198,350 | €190,248 | -€8,102 | -4.1% |
| Financial income | 75/76B | €872 | €973 | +€100 | +11.5% |
| Recurring financial income | 75 | €872 | €973 | +€100 | +11.5% |
| Financial charges | 65/66B | €115,828 | €97,529 | -€18,299 | -15.8% |
| Recurring financial charges | 65 | €115,828 | €97,529 | -€18,299 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €83,395 | €93,692 | +€10,298 | +12.3% |
| Transfer from deferred taxes | 780 | €32,467 | €0 | -€32,467 | -100% |
| Income taxes | 67/77 | €54,861 | €24,415 | -€30,446 | -55.5% |
| Profit (loss) for the period | 9904 | €61,000 | €69,277 | +€8,277 | +13.6% |
| Transfer from tax-exempt reserves | 789 | €97,401 | €0 | -€97,401 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €158,401 | €69,277 | -€89,124 | -56.3% |
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 22 October 2026 via checked.be.