WALT IMMO - BUILD: 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.
WALT IMMO - BUILD
Largest movements
- Receivables within one year +€62,218
up €62,218 (+22.5%), from €276,655 to €338,872
- Tangible fixed assets -€52,892
down €52,892 (-4.8%), from €1.1m to €1.0m
of which Land and buildings: -€51,842
- Profit (loss) carried forward +€57,580
up €57,580 (+61.9%), from -€93,032 to -€35,452
- Reserves -€28,938
down €28,938 (-5.8%), from €498,162 to €469,223
of which Tax-exempt reserves: -€28,938
- Purchases and services -€36,255
no longer reported in 2025 (was €36,255)
- Gross operating margin +€26,432
up €26,432 (+60.9%), from €43,408 to €69,840
- Financial income +€4,575
up €4,575 (+32.3%), from €14,176 to €18,751
- Other operating charges -€3,313
down €3,313 (-18.2%), from €18,227 to €14,913
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 | €1,392,551 | €1,402,216 | +€9,665 | +0.7% |
| Fixed assets | 21/28 | €1,099,909 | €1,047,017 | -€52,892 | -4.8% |
| Tangible fixed assets | 22/27 | €1,099,909 | €1,047,017 | -€52,892 | -4.8% |
| Land and buildings | 22 | €1,095,811 | €1,043,969 | -€51,842 | -4.7% |
| Plant, machinery and equipment | 23 | €4,098 | €3,048 | -€1,050 | -25.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €292,642 | €355,199 | +€62,556 | +21.4% |
| Amounts receivable within one year | 40/41 | €276,655 | €338,872 | +€62,218 | +22.5% |
| Other amounts receivable | 41 | €276,655 | €338,872 | +€62,218 | +22.5% |
| Cash at bank and in hand | 54/58 | €15,244 | €16,326 | +€1,082 | +7.1% |
| Deferred charges and accrued income | 490/1 | €744 | - | -€744 | |
| Total equity and liabilities | 10/49 | €1,392,551 | €1,402,216 | +€9,665 | +0.7% |
| Equity | 10/15 | €466,630 | €495,271 | +€28,642 | +6.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €498,162 | €469,223 | -€28,938 | -5.8% |
| Non-distributable reserves | 130/1 | €7,313 | €7,313 | = | 0.0% |
| Legal reserve | 130 | €7,313 | €7,313 | = | 0.0% |
| Tax-exempt reserves | 132 | €490,849 | €461,910 | -€28,938 | -5.9% |
| Profit (loss) carried forward | 14 | -€93,032 | -€35,452 | +€57,580 | +61.9% |
| Provisions and deferred taxes | 16 | €163,616 | €153,970 | -€9,646 | -5.9% |
| Deferred taxes | 168 | €163,616 | €153,970 | -€9,646 | -5.9% |
| Amounts payable | 17/49 | €762,305 | €752,974 | -€9,331 | -1.2% |
| Amounts payable after more than one year | 17 | €750,000 | €750,000 | = | 0.0% |
| Financial debts | 170/4 | €750,000 | €750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,305 | €2,974 | -€9,331 | -75.8% |
| Trade debts | 44 | €11,990 | €2,797 | -€9,193 | -76.7% |
| Suppliers | 440/4 | €11,990 | €2,797 | -€9,193 | -76.7% |
| Taxes, remuneration and social security | 45 | €315 | €177 | -€138 | -43.8% |
| Taxes | 450/3 | €315 | €177 | -€138 | -43.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €36,255 | - | -€36,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,698 | €54,075 | +€376 | +0.7% |
| Other operating charges | 640/8 | €18,227 | €14,913 | -€3,313 | -18.2% |
| Gross operating margin | 9900 | €43,408 | €69,840 | +€26,432 | +60.9% |
| Operating profit (loss) | 9901 | -€28,517 | €851 | +€29,369 | |
| Financial income | 75/76B | €14,176 | €18,751 | +€4,575 | +32.3% |
| Recurring financial income | 75 | €14,176 | €18,751 | +€4,575 | +32.3% |
| Financial charges | 65/66B | - | €430 | +€430 | |
| Recurring financial charges | 65 | - | €430 | +€430 | |
| Profit (loss) for the period before taxes | 9903 | -€14,341 | €19,173 | +€33,514 | |
| Transfer from deferred taxes | 780 | €9,646 | €9,646 | = | 0.0% |
| Income taxes | 67/77 | €165 | €177 | +€12 | +7.1% |
| Profit (loss) for the period | 9904 | -€4,861 | €28,642 | +€33,502 | |
| Transfer from tax-exempt reserves | 789 | €28,938 | €28,938 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,078 | €57,580 | +€33,502 | +139% |
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 22 October 2026 via checked.be.