WALTEX: 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.
WALTEX
Largest movements
- Receivables within one year +€177,384
up €177,384 (+172.2%), from €103,036 to €280,420
of which Trade receivables: +€189,620
- Tangible fixed assets +€15,816
up €15,816 (+330.7%), from €4,783 to €20,599
of which Other tangible fixed assets: +€18,237
- Cash -€5,390
down €5,390 (-90.3%), from €5,970 to €580
mainly Receivables within one year (-€177,384) and Investment in fixed assets (net) (-€18,290)
- Trade debts +€141,234
up €141,234 (+135.3%), from €104,388 to €245,622
- Profit (loss) carried forward +€27,232
up €27,232 (+696.7%), from €3,909 to €31,141
- Tax, wage and social debts +€19,098
new in 2025: €19,098
- Gross operating margin +€34,818
up €34,818 (+1693.0%), from €2,057 to €36,874
- Taxes +€6,661
new in 2025: €6,661
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 | €113,788 | €301,598 | +€187,810 | +165.1% |
| Fixed assets | 21/28 | €4,783 | €20,599 | +€15,816 | +330.7% |
| Tangible fixed assets | 22/27 | €4,783 | €20,599 | +€15,816 | +330.7% |
| Furniture and vehicles | 24 | €4,783 | €2,362 | -€2,421 | -50.6% |
| Other tangible fixed assets | 26 | - | €18,237 | +€18,237 | |
| Current assets | 29/58 | €109,006 | €280,999 | +€171,994 | +157.8% |
| Amounts receivable within one year | 40/41 | €103,036 | €280,420 | +€177,384 | +172.2% |
| Trade receivables | 40 | €85,871 | €275,491 | +€189,620 | +220.8% |
| Other amounts receivable | 41 | €17,165 | €4,929 | -€12,237 | -71.3% |
| Cash at bank and in hand | 54/58 | €5,970 | €580 | -€5,390 | -90.3% |
| Total equity and liabilities | 10/49 | €113,788 | €301,598 | +€187,810 | +165.1% |
| Equity | 10/15 | €8,909 | €36,141 | +€27,232 | +305.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,909 | €31,141 | +€27,232 | +696.7% |
| Amounts payable | 17/49 | €104,880 | €265,458 | +€160,578 | +153.1% |
| Amounts payable within one year | 42/48 | €104,880 | €265,458 | +€160,578 | +153.1% |
| Trade debts | 44 | €104,388 | €245,622 | +€141,234 | +135.3% |
| Suppliers | 440/4 | €104,388 | €245,622 | +€141,234 | +135.3% |
| Taxes, remuneration and social security | 45 | - | €19,098 | +€19,098 | |
| Taxes | 450/3 | - | €19,098 | +€19,098 | |
| Other amounts payable | 47/48 | €492 | €737 | +€246 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,421 | €2,473 | +€53 | +2.2% |
| Other operating charges | 640/8 | €387 | €445 | +€57 | +14.8% |
| Gross operating margin | 9900 | €2,057 | €36,874 | +€34,818 | +1693.0% |
| Operating profit (loss) | 9901 | -€751 | €33,956 | +€34,708 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €80 | €63 | -€17 | -21.3% |
| Recurring financial charges | 65 | €80 | €63 | -€17 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€831 | €33,893 | +€34,725 | |
| Income taxes | 67/77 | - | €6,661 | +€6,661 | |
| Profit (loss) for the period | 9904 | -€831 | €27,232 | +€28,063 | |
| Profit (loss) for the period to be appropriated | 9905 | -€831 | €27,232 | +€28,063 |
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 29 September 2026 via checked.be.