Walt'R: 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'R
Largest movements
- Current investments +€28,954
up €28,954 (+25.2%), from €115,062 to €144,016
- Receivables within one year +€24,584
up €24,584 (+121%), from €20,360 to €44,944
- Cash +€23,602
up €23,602 (+17.5%), from €135,074 to €158,677
mainly Net result for the year (+€77,899) and Depreciation (+€17,795)
- Tangible fixed assets -€15,739
down €15,739 (-10.5%), from €149,342 to €133,604
of which Furniture and vehicles: -€11,156
- Reserves +€67,899
up €67,899 (+21.6%), from €314,738 to €382,636
of which Distributable reserves: +€67,899
- Debts after one year -€7,697
down €7,697 (-53.6%), from €14,353 to €6,656
- Gross operating margin +€17,924
up €17,924 (+15.6%), from €114,948 to €132,873
- Financial income -€17,442
down €17,442 (-92.7%), from €18,824 to €1,382
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 | €419,910 | €481,312 | +€61,402 | +14.6% |
| Fixed assets | 21/28 | €149,413 | €133,674 | -€15,739 | -10.5% |
| Tangible fixed assets | 22/27 | €149,342 | €133,604 | -€15,739 | -10.5% |
| Land and buildings | 22 | €115,834 | €111,874 | -€3,960 | -3.4% |
| Plant, machinery and equipment | 23 | €515 | €200 | -€315 | -61.2% |
| Furniture and vehicles | 24 | €31,609 | €20,453 | -€11,156 | -35.3% |
| Other tangible fixed assets | 26 | €1,383 | €1,076 | -€307 | -22.2% |
| Financial fixed assets | 28 | €71 | €71 | = | 0.0% |
| Current assets | 29/58 | €270,497 | €347,638 | +€77,141 | +28.5% |
| Amounts receivable within one year | 40/41 | €20,360 | €44,944 | +€24,584 | +121% |
| Trade receivables | 40 | €20,360 | €44,944 | +€24,584 | +121% |
| Current investments | 50/53 | €115,062 | €144,016 | +€28,954 | +25.2% |
| Cash at bank and in hand | 54/58 | €135,074 | €158,677 | +€23,602 | +17.5% |
| Total equity and liabilities | 10/49 | €419,910 | €481,312 | +€61,402 | +14.6% |
| Equity | 10/15 | €383,447 | €451,346 | +€67,899 | +17.7% |
| Contributions | 10/11 | €35,900 | €35,900 | = | 0.0% |
| Reserves | 13 | €314,738 | €382,636 | +€67,899 | +21.6% |
| Non-distributable reserves | 130/1 | €4,830 | €4,830 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,830 | €4,830 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,750 | €38,750 | = | 0.0% |
| Distributable reserves | 133 | €271,158 | €339,056 | +€67,899 | +25.0% |
| Profit (loss) carried forward | 14 | €32,810 | €32,810 | = | 0.0% |
| Amounts payable | 17/49 | €36,462 | €29,966 | -€6,496 | -17.8% |
| Amounts payable after more than one year | 17 | €14,353 | €6,656 | -€7,697 | -53.6% |
| Financial debts | 170/4 | €14,353 | €6,656 | -€7,697 | -53.6% |
| Amounts payable within one year | 42/48 | €22,109 | €23,310 | +€1,201 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €7,392 | €7,697 | +€305 | +4.1% |
| Trade debts | 44 | €2,339 | €3,517 | +€1,178 | +50.3% |
| Suppliers | 440/4 | €2,339 | €3,517 | +€1,178 | +50.3% |
| Taxes, remuneration and social security | 45 | €12,378 | €12,096 | -€282 | -2.3% |
| Taxes | 450/3 | €12,378 | €12,096 | -€282 | -2.3% |
| Other amounts payable | 47/48 | €0 | €0 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,373 | €17,795 | -€578 | -3.1% |
| Other operating charges | 640/8 | €1,910 | €1,957 | +€47 | +2.5% |
| Gross operating margin | 9900 | €114,948 | €132,873 | +€17,924 | +15.6% |
| Operating profit (loss) | 9901 | €94,666 | €113,120 | +€18,454 | +19.5% |
| Financial income | 75/76B | €18,824 | €1,382 | -€17,442 | -92.7% |
| Recurring financial income | 75 | €18,824 | €1,382 | -€17,442 | -92.7% |
| Financial charges | 65/66B | €710 | €1,454 | +€744 | +105% |
| Recurring financial charges | 65 | €710 | €1,454 | +€744 | +105% |
| Profit (loss) for the period before taxes | 9903 | €112,779 | €113,048 | +€269 | +0.2% |
| Income taxes | 67/77 | €35,378 | €35,149 | -€229 | -0.6% |
| Profit (loss) for the period | 9904 | €77,401 | €77,899 | +€498 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €77,401 | €77,899 | +€498 | +0.6% |
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 23 October 2026 via checked.be.