WALUPACK SERVICES: 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.
What changed
WALUPACK SERVICES
NACE 52.100, Warehousing and storage
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€236,916
2024 · €252,930-€16,014
Equity
€569,640
2024 · €557,724+€11,916
Cash
€132,656
2024 · €100,947+€31,710
Balance sheet total
€1.3m
2024 · €1.3m-€25,693
Largest movements
Assets
- Receivables within one year -€77,640
down €77,640 (-13.1%), from €593,122 to €515,482
of which Trade receivables: -€91,022
- Tangible fixed assets -€55,580
down €55,580 (-33.1%), from €168,043 to €112,463
of which Furniture and vehicles: -€28,677
- Stocks and contracts +€46,884
up €46,884 (+19.8%), from €236,317 to €283,201
- Cash +€31,710
up €31,710 (+31.4%), from €100,947 to €132,656
mainly Net result for the year (+€236,916) and Receivables within one year (+€77,640)
- Current investments +€30,154
up €30,154 (+25.1%), from €120,286 to €150,440
Equity and liabilities
- Other debts -€25,000
down €25,000 (-10.0%), from €250,000 to €225,000
- Debts after one year -€17,127
down €17,127 (-58.3%), from €29,357 to €12,231
Income statement
- Staff costs +€39,643
up €39,643 (+4.9%), from €815,454 to €855,096
- Gross operating margin +€20,089
up €20,089 (+1.6%), from €1.2m to €1.2m
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.
Result 2024
€252,930
Gross operating margin
+€20,089
Staff costs
-€39,643
Depreciation
+€1,578
Provisions
-€3,011
Other operating charges
+€66
Financial income
-€593
Financial charges
+€521
Taxes
+€4,979
Result 2025
€236,916
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.
From operations
+€311,855
Investment
-€30,460
Financing
-€249,685
Cash 2024
€100,947
From operations (derived)
+€311,855
Net result for the year
+€236,916
Depreciation
+€55,887
Stocks and contracts
-€46,884
Receivables within one year
+€77,640
Deferred charges and accrued income
+€1,220
Provisions
+€3,457
Trade debts
+€9,028
Tax, wage and social debts
-€408
Other debts
-€25,000
Investment (derived)
-€30,460
Investment in fixed assets (net)
-€306
Current investments
-€30,154
Financing
-€249,685
Debts after one year
-€17,127
Current portion of long-term debt
-€7,558
Contributions, distributions and other
-€225,000
Cash 2025
€132,656
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,278,585 | €1,252,892 | -€25,693 | -2.0% |
| Fixed assets | 21/28 | €185,328 | €129,747 | -€55,580 | -30.0% |
| Tangible fixed assets | 22/27 | €168,043 | €112,463 | -€55,580 | -33.1% |
| Plant, machinery and equipment | 23 | €59,537 | €40,863 | -€18,674 | -31.4% |
| Furniture and vehicles | 24 | €92,718 | €64,041 | -€28,677 | -30.9% |
| Leasing and similar rights | 25 | €7,825 | €1,696 | -€6,129 | -78.3% |
| Other tangible fixed assets | 26 | €7,963 | €5,863 | -€2,101 | -26.4% |
| Financial fixed assets | 28 | €17,285 | €17,285 | = | 0.0% |
| Current assets | 29/58 | €1,093,257 | €1,123,145 | +€29,888 | +2.7% |
| Stocks and contracts in progress | 3 | €236,317 | €283,201 | +€46,884 | +19.8% |
| Stocks | 30/36 | €236,317 | €283,201 | +€46,884 | +19.8% |
| Amounts receivable within one year | 40/41 | €593,122 | €515,482 | -€77,640 | -13.1% |
| Trade receivables | 40 | €584,571 | €493,549 | -€91,022 | -15.6% |
| Other amounts receivable | 41 | €8,551 | €21,934 | +€13,382 | +156.5% |
| Current investments | 50/53 | €120,286 | €150,440 | +€30,154 | +25.1% |
| Cash at bank and in hand | 54/58 | €100,947 | €132,656 | +€31,710 | +31.4% |
| Deferred charges and accrued income | 490/1 | €42,585 | €41,365 | -€1,220 | -2.9% |
| Total equity and liabilities | 10/49 | €1,278,585 | €1,252,892 | -€25,693 | -2.0% |
| Equity | 10/15 | €557,724 | €569,640 | +€11,916 | +2.1% |
| Contributions | 10/11 | €87,500 | €87,500 | = | 0.0% |
| Capital | 10 | €87,500 | €87,500 | = | 0.0% |
| Issued capital | 100 | €87,500 | €87,500 | = | 0.0% |
| Reserves | 13 | €8,750 | €8,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,750 | €8,750 | = | 0.0% |
| Legal reserve | 130 | €8,750 | €8,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €461,474 | €473,390 | +€11,916 | +2.6% |
| Provisions and deferred taxes | 16 | €12,463 | €15,920 | +€3,457 | +27.7% |
| Provisions for liabilities and charges | 160/5 | €12,463 | €15,920 | +€3,457 | +27.7% |
| Environmental obligations | 163 | €12,463 | €15,920 | +€3,457 | +27.7% |
| Amounts payable | 17/49 | €708,397 | €667,332 | -€41,065 | -5.8% |
| Amounts payable after more than one year | 17 | €29,357 | €12,231 | -€17,127 | -58.3% |
| Financial debts | 170/4 | €29,357 | €12,231 | -€17,127 | -58.3% |
| Amounts payable within one year | 42/48 | €679,040 | €655,101 | -€23,939 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €24,685 | €17,127 | -€7,558 | -30.6% |
| Trade debts | 44 | €280,736 | €289,764 | +€9,028 | +3.2% |
| Suppliers | 440/4 | €280,736 | €289,764 | +€9,028 | +3.2% |
| Taxes, remuneration and social security | 45 | €123,619 | €123,210 | -€408 | -0.3% |
| Taxes | 450/3 | €34,500 | €25,725 | -€8,775 | -25.4% |
| Remuneration and social security | 454/9 | €89,119 | €97,485 | +€8,367 | +9.4% |
| Other amounts payable | 47/48 | €250,000 | €225,000 | -€25,000 | -10.0% |
| Non-recurring operating income | 76A | €2,718 | - | -€2,718 | |
| Remuneration, social security and pensions | 62 | €815,454 | €855,096 | +€39,643 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,465 | €55,887 | -€1,578 | -2.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €446 | €3,457 | +€3,011 | +675.7% |
| Other operating charges | 640/8 | €6,690 | €6,624 | -€66 | -1.0% |
| Gross operating margin | 9900 | €1,226,841 | €1,246,930 | +€20,089 | +1.6% |
| Operating profit (loss) | 9901 | €346,787 | €325,867 | -€20,920 | -6.0% |
| Financial income | 75/76B | €624 | €30 | -€593 | -95.1% |
| Recurring financial income | 75 | €624 | €30 | -€593 | -95.1% |
| Financial charges | 65/66B | €2,877 | €2,356 | -€521 | -18.1% |
| Recurring financial charges | 65 | €2,877 | €2,356 | -€521 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €344,534 | €323,541 | -€20,993 | -6.1% |
| Income taxes | 67/77 | €91,604 | €86,625 | -€4,979 | -5.4% |
| Profit (loss) for the period | 9904 | €252,930 | €236,916 | -€16,014 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €252,930 | €236,916 | -€16,014 | -6.3% |
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 12 October 2026 via checked.be.