Walvis Bay: 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.
Walvis Bay
Largest movements
- Cash +€151,427
up €151,427 (+1427.3%), from €10,610 to €162,036
mainly Net result for the year (+€215,510) and Tax, wage and social debts (+€64,512)
- Receivables within one year +€60,355
up €60,355 (+568.0%), from €10,626 to €70,981
of which Trade receivables: +€59,939
- Tangible fixed assets -€10,198
down €10,198 (-20.1%), from €50,689 to €40,491
of which Furniture and vehicles: -€13,853
- Profit (loss) carried forward +€215,510
up €215,510, from -€7,186 to €208,323
- Other debts -€78,442
down €78,442 (-99.9%), from €78,534 to €92
- Tax, wage and social debts +€64,512
up €64,512 (+77139.3%), from €84 to €64,595
- Gross operating margin +€296,913
up €296,913, from -€2,037 to €294,876
- Taxes +€64,512
up €64,512 (+77139.3%), from €84 to €64,595
- Depreciation +€9,670
up €9,670 (+204.8%), from €4,723 to €14,393
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 | €73,368 | €275,001 | +€201,633 | +274.8% |
| Fixed assets | 21/28 | €50,689 | €40,491 | -€10,198 | -20.1% |
| Tangible fixed assets | 22/27 | €50,689 | €40,491 | -€10,198 | -20.1% |
| Plant, machinery and equipment | 23 | - | €3,655 | +€3,655 | |
| Furniture and vehicles | 24 | €50,689 | €36,836 | -€13,853 | -27.3% |
| Current assets | 29/58 | €22,679 | €234,510 | +€211,831 | +934.0% |
| Amounts receivable within one year | 40/41 | €10,626 | €70,981 | +€60,355 | +568.0% |
| Trade receivables | 40 | €10,061 | €70,000 | +€59,939 | +595.7% |
| Other amounts receivable | 41 | €565 | €981 | +€416 | +73.6% |
| Cash at bank and in hand | 54/58 | €10,610 | €162,036 | +€151,427 | +1427.3% |
| Deferred charges and accrued income | 490/1 | €1,444 | €1,493 | +€50 | +3.4% |
| Total equity and liabilities | 10/49 | €73,368 | €275,001 | +€201,633 | +274.8% |
| Equity | 10/15 | -€6,186 | €209,323 | +€215,510 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,186 | €208,323 | +€215,510 | |
| Amounts payable | 17/49 | €79,554 | €65,678 | -€13,877 | -17.4% |
| Amounts payable within one year | 42/48 | €79,554 | €65,678 | -€13,877 | -17.4% |
| Trade debts | 44 | €937 | €990 | +€53 | +5.7% |
| Suppliers | 440/4 | €937 | €990 | +€53 | +5.7% |
| Taxes, remuneration and social security | 45 | €84 | €64,595 | +€64,512 | +77139.3% |
| Taxes | 450/3 | €84 | €64,595 | +€64,512 | +77139.3% |
| Other amounts payable | 47/48 | €78,534 | €92 | -€78,442 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,723 | €14,393 | +€9,670 | +204.8% |
| Other operating charges | 640/8 | €324 | €288 | -€36 | -11.0% |
| Gross operating margin | 9900 | -€2,037 | €294,876 | +€296,913 | |
| Operating profit (loss) | 9901 | -€7,083 | €280,195 | +€287,278 | |
| Financial charges | 65/66B | €19 | €90 | +€71 | +365.1% |
| Recurring financial charges | 65 | €19 | €90 | +€71 | +365.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,103 | €280,105 | +€287,207 | |
| Income taxes | 67/77 | €84 | €64,595 | +€64,512 | +77139.3% |
| Profit (loss) for the period | 9904 | -€7,186 | €215,510 | +€222,696 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,186 | €215,510 | +€222,696 |
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 10 October 2026 via checked.be.