WALVERT SERVICES: 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.
WALVERT SERVICES
Largest movements
- Receivables within one year +€1.8m
up €1.8m (+13716.7%), from €12,779 to €1.8m
of which Trade receivables: +€1.7m
- Stocks and contracts +€61,667
up €61,667 (+4.0%), from €1.5m to €1.6m
- Other debts +€1.9m
up €1.9m (+60934.1%), from €3,040 to €1.9m
- Trade debts +€1.2m
up €1.2m (+1082.5%), from €109,599 to €1.3m
- Short-term financial debts -€987,684
down €987,684 (-93.4%), from €1.1m to €70,000
of which Other loans: -€987,684
- Debts after one year -€285,000
no longer reported in 2024 (was €285,000)
- Tax, wage and social debts +€89,953
up €89,953 (+721.3%), from €12,471 to €102,424
of which Taxes: +€90,251
- Gross operating margin +€174,464
up €174,464 (+42.0%), from €415,105 to €589,569
- Taxes +€69,219
up €69,219 (+909.0%), from €7,615 to €76,834
- Financial charges +€62,119
up €62,119 (+60.8%), from €102,115 to €164,234
- Staff costs +€59,329
up €59,329 (+19.3%), from €307,334 to €366,663
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.
Cash bridge derived
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 | €1,644,922 | €3,424,518 | +€1.8m | +108.2% |
| Fixed assets | 21/28 | €68,958 | €56,815 | -€12,143 | -17.6% |
| Tangible fixed assets | 22/27 | €61,458 | €49,315 | -€12,143 | -19.8% |
| Plant, machinery and equipment | 23 | €32,080 | €19,576 | -€12,504 | -39.0% |
| Furniture and vehicles | 24 | €29,378 | €29,739 | +€361 | +1.2% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €1,575,964 | €3,367,703 | +€1.8m | +113.7% |
| Stocks and contracts in progress | 3 | €1,530,000 | €1,591,667 | +€61,667 | +4.0% |
| Contracts in progress | 37 | €1,530,000 | €1,591,667 | +€61,667 | +4.0% |
| Amounts receivable within one year | 40/41 | €12,779 | €1,765,633 | +€1.8m | +13716.7% |
| Trade receivables | 40 | €5,971 | €1,716,325 | +€1.7m | +28644.3% |
| Other amounts receivable | 41 | €6,808 | €49,308 | +€42,500 | +624.3% |
| Cash at bank and in hand | 54/58 | €22,657 | €733 | -€21,924 | -96.8% |
| Deferred charges and accrued income | 490/1 | €10,528 | €9,670 | -€858 | -8.1% |
| Total equity and liabilities | 10/49 | €1,644,922 | €3,424,518 | +€1.8m | +108.2% |
| Equity | 10/15 | €153,625 | €100,617 | -€53,008 | -34.5% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,375 | -€69,383 | -€53,008 | -323.7% |
| Amounts payable | 17/49 | €1,491,297 | €3,323,901 | +€1.8m | +122.9% |
| Amounts payable after more than one year | 17 | €285,000 | - | -€285,000 | |
| Financial debts | 170/4 | €285,000 | - | -€285,000 | |
| Amounts payable within one year | 42/48 | €1,202,794 | €3,323,901 | +€2.1m | +176.3% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | - | -€20,000 | |
| Financial debts | 43 | €1,057,684 | €70,000 | -€987,684 | -93.4% |
| Credit institutions | 430/8 | €70,000 | €70,000 | = | 0.0% |
| Other loans | 439 | €987,684 | - | -€987,684 | |
| Trade debts | 44 | €109,599 | €1,296,039 | +€1.2m | +1082.5% |
| Suppliers | 440/4 | €109,599 | €1,296,039 | +€1.2m | +1082.5% |
| Taxes, remuneration and social security | 45 | €12,471 | €102,424 | +€89,953 | +721.3% |
| Taxes | 450/3 | €11,215 | €101,466 | +€90,251 | +804.7% |
| Remuneration and social security | 454/9 | €1,256 | €959 | -€297 | -23.7% |
| Other amounts payable | 47/48 | €3,040 | €1,855,438 | +€1.9m | +60934.1% |
| Accrued charges and deferred income | 492/3 | €3,503 | - | -€3,503 | |
| Non-recurring operating income | 76A | - | €18 | +€18 | |
| Remuneration, social security and pensions | 62 | €307,334 | €366,663 | +€59,329 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,894 | €28,825 | +€4,931 | +20.6% |
| Other operating charges | 640/8 | €150 | €6,029 | +€5,879 | +3919.1% |
| Gross operating margin | 9900 | €415,105 | €589,569 | +€174,464 | +42.0% |
| Operating profit (loss) | 9901 | €83,727 | €188,052 | +€104,325 | +124.6% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €102,115 | €164,234 | +€62,119 | +60.8% |
| Recurring financial charges | 65 | €102,115 | €164,234 | +€62,119 | +60.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,388 | €23,826 | +€42,214 | |
| Income taxes | 67/77 | €7,615 | €76,834 | +€69,219 | +909.0% |
| Profit (loss) for the period | 9904 | -€26,003 | -€53,008 | -€27,005 | -103.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,003 | -€53,008 | -€27,005 | -103.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.