WALUPART: 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.
WALUPART
Largest movements
- Current investments +€2.8m
up €2.8m (+4.4%), from €63.5m to €66.3m
- Receivables within one year +€1.3m
up €1.3m, from €0 to €1.3m
- Cash +€884,839
up €884,839 (+57.5%), from €1.5m to €2.4m
mainly Net result for the year (+€6.1m) and Trade debts (+€42,521)
- Profit (loss) carried forward +€6.1m
up €6.1m (+30.5%), from €19.9m to €25.9m
- Financial income +€3.8m
up €3.8m (+62.7%), from €6.1m to €9.9m
of which Financial income: +€3.8m
- Financial charges -€2.9m
down €2.9m (-48.5%), from €6.1m to €3.1m
of which Financial charges: -€2.9m
- Taxes -€60,020
down €60,020 (-19.6%), from €306,893 to €246,873
- Other operating charges +€9,032
up €9,032 (+11.7%), from €77,065 to €86,098
- Gross operating margin -€5,460
down €5,460 (-1.4%), from -€384,684 to -€390,144
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 | €65,055,241 | €70,027,405 | +€5.0m | +7.6% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €65,055,241 | €70,027,405 | +€5.0m | +7.6% |
| Amounts receivable within one year | 40/41 | €0 | €1,276,850 | +€1.3m | |
| Other amounts receivable | 41 | €0 | €1,276,850 | +€1.3m | |
| Current investments | 50/53 | €63,517,520 | €66,313,134 | +€2.8m | +4.4% |
| Cash at bank and in hand | 54/58 | €1,537,721 | €2,422,560 | +€884,839 | +57.5% |
| Deferred charges and accrued income | 490/1 | €0 | €14,861 | +€14,861 | |
| Total equity and liabilities | 10/49 | €65,055,241 | €70,027,405 | +€5.0m | +7.6% |
| Equity | 10/15 | €37,632,118 | €43,699,903 | +€6.1m | +16.1% |
| Contributions | 10/11 | €16,675,772 | €16,675,772 | = | 0.0% |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €0 | - | = | |
| Outside capital | 11 | €16,675,772 | - | -€16.7m | |
| Share premium | 1100/10 | €0 | - | = | |
| Other | 1109/19 | €16,675,772 | - | -€16.7m | |
| Reserves | 13 | €1,088,089 | €1,088,089 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Legal reserve | 130 | €0 | - | = | |
| Distributable reserves | 133 | €1,088,089 | €1,088,089 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,868,257 | €25,936,042 | +€6.1m | +30.5% |
| Amounts payable | 17/49 | €27,423,123 | €26,327,503 | -€1.1m | -4.0% |
| Amounts payable within one year | 42/48 | €26,831,623 | €26,310,017 | -€521,606 | -1.9% |
| Trade debts | 44 | €76,086 | €118,607 | +€42,521 | +55.9% |
| Suppliers | 440/4 | €76,086 | €118,607 | +€42,521 | +55.9% |
| Taxes, remuneration and social security | 45 | €306,893 | €342,765 | +€35,873 | +11.7% |
| Taxes | 450/3 | €306,893 | €342,765 | +€35,873 | +11.7% |
| Other amounts payable | 47/48 | €26,448,645 | €25,848,645 | -€600,000 | -2.3% |
| Accrued charges and deferred income | 492/3 | €591,500 | €17,486 | -€574,014 | -97.0% |
| Other operating charges | 640/8 | €77,065 | €86,098 | +€9,032 | +11.7% |
| Gross operating margin | 9900 | -€384,684 | -€390,144 | -€5,460 | -1.4% |
| Operating profit (loss) | 9901 | -€461,750 | -€476,242 | -€14,492 | -3.1% |
| Financial income | 75/76B | €6,093,552 | €9,912,058 | +€3.8m | +62.7% |
| Recurring financial income | 75 | €6,091,992 | €9,912,058 | +€3.8m | +62.7% |
| Non-recurring financial income | 76B | €1,560 | €0 | -€1,560 | -100.0% |
| Financial charges | 65/66B | €6,058,191 | €3,121,158 | -€2.9m | -48.5% |
| Recurring financial charges | 65 | €6,058,191 | €3,121,158 | -€2.9m | -48.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€426,388 | €6,314,658 | +€6.7m | |
| Income taxes | 67/77 | €306,893 | €246,873 | -€60,020 | -19.6% |
| Profit (loss) for the period | 9904 | -€733,281 | €6,067,785 | +€6.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€733,281 | €6,067,785 | +€6.8m |
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 7 October 2026 via checked.be.