WALVERMA: 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.
WALVERMA
Largest movements
- Receivables within one year +€12,311
up €12,311 (+6.7%), from €183,796 to €196,107
of which Other amounts receivable: +€85,281
- Intangible fixed assets -€3,429
down €3,429 (-16.9%), from €20,280 to €16,852
- Tax, wage and social debts -€18,559
down €18,559 (-23.5%), from €78,990 to €60,430
of which Remuneration and social security: -€14,329
- Trade debts +€14,227
up €14,227 (+6.2%), from €229,964 to €244,191
- Profit (loss) carried forward +€12,066
up €12,066 (+14.4%), from -€84,031 to -€71,965
- Staff costs -€89,467
down €89,467 (-26.5%), from €338,202 to €248,735
- Gross operating margin -€64,289
down €64,289 (-19.5%), from €329,138 to €264,849
- Financial income -€3,941
down €3,941 (-58.5%), from €6,737 to €2,796
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €243,772 | €251,506 | +€7,734 | +3.2% |
| Fixed assets | 21/28 | €34,487 | €28,593 | -€5,894 | -17.1% |
| Intangible fixed assets | 21 | €20,280 | €16,852 | -€3,429 | -16.9% |
| Tangible fixed assets | 22/27 | €14,207 | €11,742 | -€2,465 | -17.4% |
| Plant, machinery and equipment | 23 | €13,187 | €10,918 | -€2,269 | -17.2% |
| Furniture and vehicles | 24 | €83 | €54 | -€28 | -34.3% |
| Other tangible fixed assets | 26 | €937 | €769 | -€168 | -17.9% |
| Current assets | 29/58 | €209,285 | €222,913 | +€13,628 | +6.5% |
| Stocks and contracts in progress | 3 | €25,489 | €26,806 | +€1,317 | +5.2% |
| Stocks | 30/36 | €25,489 | €26,806 | +€1,317 | +5.2% |
| Amounts receivable within one year | 40/41 | €183,796 | €196,107 | +€12,311 | +6.7% |
| Trade receivables | 40 | €150,624 | €77,655 | -€72,970 | -48.4% |
| Other amounts receivable | 41 | €33,172 | €118,452 | +€85,281 | +257% |
| Total equity and liabilities | 10/49 | €243,772 | €251,506 | +€7,734 | +3.2% |
| Equity | 10/15 | -€65,181 | -€53,115 | +€12,066 | +18.5% |
| Contributions | 10/11 | €18,850 | €18,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,031 | -€71,965 | +€12,066 | +14.4% |
| Amounts payable | 17/49 | €308,954 | €304,621 | -€4,332 | -1.4% |
| Amounts payable within one year | 42/48 | €308,954 | €304,621 | -€4,332 | -1.4% |
| Trade debts | 44 | €229,964 | €244,191 | +€14,227 | +6.2% |
| Suppliers | 440/4 | €229,964 | €244,191 | +€14,227 | +6.2% |
| Taxes, remuneration and social security | 45 | €78,990 | €60,430 | -€18,559 | -23.5% |
| Taxes | 450/3 | €24,437 | €20,206 | -€4,231 | -17.3% |
| Remuneration and social security | 454/9 | €54,553 | €40,224 | -€14,329 | -26.3% |
| Non-recurring operating income | 76A | €2,300 | - | -€2,300 | |
| Remuneration, social security and pensions | 62 | €338,202 | €248,735 | -€89,467 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,619 | €6,094 | -€2,525 | -29.3% |
| Other operating charges | 640/8 | €407 | €416 | +€9 | +2.3% |
| Gross operating margin | 9900 | €329,138 | €264,849 | -€64,289 | -19.5% |
| Operating profit (loss) | 9901 | -€18,090 | €9,603 | +€27,693 | |
| Financial income | 75/76B | €6,737 | €2,796 | -€3,941 | -58.5% |
| Recurring financial income | 75 | €6,737 | €2,796 | -€3,941 | -58.5% |
| Financial charges | 65/66B | €274 | €326 | +€52 | +19.0% |
| Recurring financial charges | 65 | €274 | €326 | +€52 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,628 | €12,073 | +€23,700 | |
| Income taxes | 67/77 | €29 | €7 | -€22 | -77.4% |
| Profit (loss) for the period | 9904 | -€11,656 | €12,066 | +€23,723 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,656 | €12,066 | +€23,723 |
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 27 October 2026 via checked.be.