WALVERT METTET: 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.
WALVERT METTET
Largest movements
- Intangible fixed assets +€802,922
up €802,922 (+99.7%), from €805,000 to €1.6m
- Tangible fixed assets +€631,281
up €631,281 (+11.9%), from €5.3m to €5.9m
of which Plant, machinery and equipment: +€5.6m
- Receivables within one year +€279,225
up €279,225 (+12.2%), from €2.3m to €2.6m
of which Trade receivables: +€149,946
- Stocks and contracts -€183,856
down €183,856 (-43.5%), from €422,998 to €239,142
- Short-term financial debts +€1.7m
new in 2024: €1.7m
- Profit (loss) carried forward -€1.1m
down €1.1m (-339%), from -€327,619 to -€1.4m
- Current portion of long-term debt +€557,363
up €557,363 (+162%), from €345,087 to €902,450
- Trade debts +€418,414
up €418,414 (+152%), from €274,613 to €693,027
- Investment grants +€331,337
up €331,337 (+22.1%), from €1.5m to €1.8m
- Gross operating margin -€410,413
down €410,413 (-909%), from -€45,160 to -€455,573
- Financial charges +€288,350
up €288,350 (+106%), from €271,661 to €560,011
- Depreciation +€253,930
up €253,930 (+3,230%), from €7,862 to €261,792
- Financial income +€124,551
up €124,551 (+298%), from €41,757 to €166,308
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,923,599 | €10,516,008 | +€1.6m | +17.8% |
| Formation expenses | 20 | €43,987 | €35,804 | -€8,183 | -18.6% |
| Fixed assets | 21/28 | €6,102,587 | €7,624,790 | +€1.5m | +24.9% |
| Intangible fixed assets | 21 | €805,000 | €1,607,922 | +€802,922 | +99.7% |
| Tangible fixed assets | 22/27 | €5,297,587 | €5,928,868 | +€631,281 | +11.9% |
| Land and buildings | 22 | €256,236 | €256,237 | +€1 | 0.0% |
| Plant, machinery and equipment | 23 | - | €5,584,503 | +€5.6m | |
| Furniture and vehicles | 24 | - | €933 | +€933 | |
| Leasing and similar rights | 25 | €110,874 | €87,195 | -€23,679 | -21.4% |
| Assets under construction and advance payments | 27 | €4,930,477 | €0 | -€4.9m | -100% |
| Financial fixed assets | 28 | - | €88,000 | +€88,000 | |
| Current assets | 29/58 | €2,777,025 | €2,855,414 | +€78,389 | +2.8% |
| Stocks and contracts in progress | 3 | €422,998 | €239,142 | -€183,856 | -43.5% |
| Stocks | 30/36 | €422,998 | €239,142 | -€183,856 | -43.5% |
| Amounts receivable within one year | 40/41 | €2,295,831 | €2,575,056 | +€279,225 | +12.2% |
| Trade receivables | 40 | - | €149,946 | +€149,946 | |
| Other amounts receivable | 41 | €2,295,831 | €2,425,110 | +€129,279 | +5.6% |
| Cash at bank and in hand | 54/58 | €58,196 | €2,359 | -€55,837 | -95.9% |
| Deferred charges and accrued income | 490/1 | - | €38,857 | +€38,857 | |
| Total equity and liabilities | 10/49 | €8,923,599 | €10,516,008 | +€1.6m | +17.8% |
| Equity | 10/15 | €1,472,381 | €692,504 | -€779,877 | -53.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,619 | -€1,438,833 | -€1.1m | -339% |
| Investment grants | 15 | €1,500,000 | €1,831,337 | +€331,337 | +22.1% |
| Amounts payable | 17/49 | €7,451,218 | €9,823,504 | +€2.4m | +31.8% |
| Amounts payable after more than one year | 17 | €6,787,207 | €6,460,256 | -€326,951 | -4.8% |
| Financial debts | 170/4 | €6,787,207 | €6,460,256 | -€326,951 | -4.8% |
| Amounts payable within one year | 42/48 | €629,076 | €3,363,248 | +€2.7m | +435% |
| Current portion of amounts payable after more than one year | 42 | €345,087 | €902,450 | +€557,363 | +162% |
| Financial debts | 43 | - | €1,663,689 | +€1.7m | |
| Other loans | 439 | - | €1,663,689 | +€1.7m | |
| Trade debts | 44 | €274,613 | €693,027 | +€418,414 | +152% |
| Suppliers | 440/4 | €274,613 | €693,027 | +€418,414 | +152% |
| Taxes, remuneration and social security | 45 | €9,376 | €78,837 | +€69,461 | +741% |
| Taxes | 450/3 | €9,376 | €78,837 | +€69,461 | +741% |
| Other amounts payable | 47/48 | - | €25,245 | +€25,245 | |
| Accrued charges and deferred income | 492/3 | €34,935 | - | -€34,935 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,862 | €261,792 | +€253,930 | +3,230% |
| Other operating charges | 640/8 | €134 | €146 | +€12 | +9.0% |
| Gross operating margin | 9900 | -€45,160 | -€455,573 | -€410,413 | -909% |
| Operating profit (loss) | 9901 | -€53,156 | -€717,511 | -€664,355 | -1,250% |
| Financial income | 75/76B | €41,757 | €166,308 | +€124,551 | +298% |
| Recurring financial income | 75 | €41,757 | €166,308 | +€124,551 | +298% |
| Financial charges | 65/66B | €271,661 | €560,011 | +€288,350 | +106% |
| Recurring financial charges | 65 | €271,661 | €560,011 | +€288,350 | +106% |
| Profit (loss) for the period before taxes | 9903 | -€283,060 | -€1,111,214 | -€828,154 | -293% |
| Profit (loss) for the period | 9904 | -€283,060 | -€1,111,214 | -€828,154 | -293% |
| Profit (loss) for the period to be appropriated | 9905 | -€283,060 | -€1,111,214 | -€828,154 | -293% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.