WALTECH: 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.
WALTECH
Largest movements
- Cash -€70,930
down €70,930 (-72.9%), from €97,241 to €26,312
mainly Debts after one year (-€82,823) and Current investments (-€38,181)
- Current investments +€38,181
up €38,181 (+19.3%), from €197,438 to €235,619
- Debts after one year -€82,823
down €82,823 (-59.5%), from €139,271 to €56,449
- Reserves +€49,480
up €49,480 (+5.6%), from €877,201 to €926,681
- Financial income -€68,512
down €68,512 (-96.6%), from €70,917 to €2,405
- Depreciation -€5,969
down €5,969 (-44.2%), from €13,492 to €7,523
- Taxes -€5,354
down €5,354 (-17.2%), from €31,172 to €25,818
- Gross operating margin -€3,400
down €3,400 (-3.7%), from €92,180 to €88,780
- Financial charges -€1,826
down €1,826 (-22.6%), from €8,074 to €6,248
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 | €1,122,439 | €1,089,085 | -€33,354 | -3.0% |
| Fixed assets | 21/28 | €827,443 | €819,920 | -€7,523 | -0.9% |
| Tangible fixed assets | 22/27 | €27,354 | €19,831 | -€7,523 | -27.5% |
| Furniture and vehicles | 24 | €27,354 | €19,831 | -€7,523 | -27.5% |
| Financial fixed assets | 28 | €800,089 | €800,089 | = | 0.0% |
| Current assets | 29/58 | €294,996 | €269,165 | -€25,831 | -8.8% |
| Amounts receivable within one year | 40/41 | €147 | €4,903 | +€4,756 | +3227.3% |
| Trade receivables | 40 | €147 | - | -€147 | |
| Other amounts receivable | 41 | - | €4,903 | +€4,903 | |
| Current investments | 50/53 | €197,438 | €235,619 | +€38,181 | +19.3% |
| Cash at bank and in hand | 54/58 | €97,241 | €26,312 | -€70,930 | -72.9% |
| Deferred charges and accrued income | 490/1 | €170 | €2,332 | +€2,162 | +1272.4% |
| Total equity and liabilities | 10/49 | €1,122,439 | €1,089,085 | -€33,354 | -3.0% |
| Equity | 10/15 | €883,401 | €932,881 | +€49,480 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €877,201 | €926,681 | +€49,480 | +5.6% |
| Distributable reserves | 133 | €877,201 | €926,681 | +€49,480 | +5.6% |
| Amounts payable | 17/49 | €239,039 | €156,205 | -€82,834 | -34.7% |
| Amounts payable after more than one year | 17 | €139,271 | €56,449 | -€82,823 | -59.5% |
| Financial debts | 170/4 | €139,271 | €56,449 | -€82,823 | -59.5% |
| Amounts payable within one year | 42/48 | €99,767 | €99,756 | -€11 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €80,654 | €76,004 | -€4,650 | -5.8% |
| Trade debts | 44 | €2,304 | €7,561 | +€5,257 | +228.1% |
| Suppliers | 440/4 | €2,304 | €7,561 | +€5,257 | +228.1% |
| Taxes, remuneration and social security | 45 | €9,107 | €9,346 | +€239 | +2.6% |
| Taxes | 450/3 | €9,107 | €9,346 | +€239 | +2.6% |
| Other amounts payable | 47/48 | €7,702 | €6,845 | -€857 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,492 | €7,523 | -€5,969 | -44.2% |
| Other operating charges | 640/8 | €2,259 | €2,116 | -€143 | -6.3% |
| Gross operating margin | 9900 | €92,180 | €88,780 | -€3,400 | -3.7% |
| Operating profit (loss) | 9901 | €76,428 | €79,141 | +€2,713 | +3.5% |
| Financial income | 75/76B | €70,917 | €2,405 | -€68,512 | -96.6% |
| Recurring financial income | 75 | €70,917 | €2,405 | -€68,512 | -96.6% |
| Financial charges | 65/66B | €8,074 | €6,248 | -€1,826 | -22.6% |
| Recurring financial charges | 65 | €8,074 | €6,248 | -€1,826 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €139,272 | €75,298 | -€63,974 | -45.9% |
| Income taxes | 67/77 | €31,172 | €25,818 | -€5,354 | -17.2% |
| Profit (loss) for the period | 9904 | €108,100 | €49,480 | -€58,620 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €108,100 | €49,480 | -€58,620 | -54.2% |
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 1 October 2026 via checked.be.