Waltor: 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.
Waltor
Largest movements
- Cash +€22,668
up €22,668 (+37.5%), from €60,432 to €83,101
mainly Net result for the year (+€29,869) and Depreciation (+€7,711)
- Tangible fixed assets -€7,711
down €7,711 (-30.8%), from €25,022 to €17,311
of which Leasing and similar rights: -€7,023
- Receivables within one year +€4,085
up €4,085 (+19.5%), from €20,986 to €25,071
- Reserves +€52,294
up €52,294 (+164%), from €31,918 to €84,213
- Profit (loss) carried forward -€22,426
no longer reported in 2025 (was €22,426)
- Debts after one year -€8,708
down €8,708 (-92.1%), from €9,450 to €742
- Trade debts -€2,363
down €2,363 (-90.4%), from €2,614 to €251
- Gross operating margin -€4,417
down €4,417 (-8.1%), from €54,524 to €50,107
- Taxes -€1,332
down €1,332 (-10.5%), from €12,641 to €11,309
- Other operating charges -€1,297
down €1,297 (-95.2%), from €1,362 to €66
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 | €106,544 | €125,802 | +€19,258 | +18.1% |
| Fixed assets | 21/28 | €25,022 | €17,311 | -€7,711 | -30.8% |
| Tangible fixed assets | 22/27 | €25,022 | €17,311 | -€7,711 | -30.8% |
| Furniture and vehicles | 24 | €3,875 | €3,187 | -€688 | -17.8% |
| Leasing and similar rights | 25 | €21,147 | €14,124 | -€7,023 | -33.2% |
| Current assets | 29/58 | €81,521 | €108,491 | +€26,970 | +33.1% |
| Amounts receivable within one year | 40/41 | €20,986 | €25,071 | +€4,085 | +19.5% |
| Trade receivables | 40 | €20,986 | €25,071 | +€4,085 | +19.5% |
| Cash at bank and in hand | 54/58 | €60,432 | €83,101 | +€22,668 | +37.5% |
| Deferred charges and accrued income | 490/1 | €102 | €319 | +€217 | +211% |
| Total equity and liabilities | 10/49 | €106,544 | €125,802 | +€19,258 | +18.1% |
| Equity | 10/15 | €58,344 | €88,213 | +€29,869 | +51.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €31,918 | €84,213 | +€52,294 | +164% |
| Distributable reserves | 133 | €31,918 | €84,213 | +€52,294 | +164% |
| Profit (loss) carried forward | 14 | €22,426 | - | -€22,426 | |
| Amounts payable | 17/49 | €48,200 | €37,589 | -€10,610 | -22.0% |
| Amounts payable after more than one year | 17 | €9,450 | €742 | -€8,708 | -92.1% |
| Financial debts | 170/4 | €9,450 | €742 | -€8,708 | -92.1% |
| Amounts payable within one year | 42/48 | €38,750 | €36,847 | -€1,903 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €8,354 | €8,708 | +€353 | +4.2% |
| Trade debts | 44 | €2,614 | €251 | -€2,363 | -90.4% |
| Suppliers | 440/4 | €2,614 | €251 | -€2,363 | -90.4% |
| Taxes, remuneration and social security | 45 | €19,643 | €19,878 | +€235 | +1.2% |
| Taxes | 450/3 | €19,643 | €19,878 | +€235 | +1.2% |
| Other amounts payable | 47/48 | €8,139 | €8,011 | -€128 | -1.6% |
| Remuneration, social security and pensions | 62 | - | €160 | +€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,371 | €7,711 | +€341 | +4.6% |
| Other operating charges | 640/8 | €1,362 | €66 | -€1,297 | -95.2% |
| Gross operating margin | 9900 | €54,524 | €50,107 | -€4,417 | -8.1% |
| Operating profit (loss) | 9901 | €45,791 | €42,170 | -€3,621 | -7.9% |
| Financial charges | 65/66B | €1,232 | €992 | -€240 | -19.5% |
| Recurring financial charges | 65 | €1,232 | €992 | -€240 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €44,559 | €41,178 | -€3,381 | -7.6% |
| Income taxes | 67/77 | €12,641 | €11,309 | -€1,332 | -10.5% |
| Profit (loss) for the period | 9904 | €31,918 | €29,869 | -€2,050 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,918 | €29,869 | -€2,050 | -6.4% |
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 20 October 2026 via checked.be.