WALVO: 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.
WALVO
Largest movements
- Tangible fixed assets +€14,620
up €14,620 (+325.8%), from €4,488 to €19,108
of which Furniture and vehicles: +€16,126
- Stocks and contracts -€7,638
down €7,638 (-55.1%), from €13,862 to €6,224
of which Contracts in progress: -€7,352
- Receivables within one year -€3,429
down €3,429 (-5.4%), from €63,755 to €60,326
of which Trade receivables: -€4,795
- Deferred charges and accrued income -€1,234
down €1,234 (-54.3%), from €2,272 to €1,038
- Profit (loss) carried forward -€29,863
down €29,863 (-19.4%), from -€153,726 to -€183,590
- Other debts +€11,193
up €11,193 (+111.1%), from €10,074 to €21,266
- Tax, wage and social debts +€8,088
up €8,088 (+44.5%), from €18,158 to €26,246
of which Remuneration and social security: +€11,478
- Short-term financial debts +€5,385
up €5,385 (+5.7%), from €94,615 to €100,000
- Current portion of long-term debt +€5,249
new in 2023: €5,249
- Gross operating margin +€35,498
up €35,498 (+69.3%), from €51,237 to €86,735
- Staff costs +€12,570
up €12,570 (+14.4%), from €87,219 to €99,789
- Financial charges +€5,795
up €5,795 (+146.6%), from €3,953 to €9,747
- Depreciation +€3,243
up €3,243 (+134.8%), from €2,405 to €5,648
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,154 | €89,348 | +€3,194 | +3.7% |
| Fixed assets | 21/28 | €4,788 | €19,408 | +€14,620 | +305.3% |
| Tangible fixed assets | 22/27 | €4,488 | €19,108 | +€14,620 | +325.8% |
| Land and buildings | 22 | €1,664 | €482 | -€1,182 | -71.0% |
| Plant, machinery and equipment | 23 | €999 | €675 | -€324 | -32.5% |
| Furniture and vehicles | 24 | €1,825 | €17,951 | +€16,126 | +883.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €81,365 | €69,940 | -€11,426 | -14.0% |
| Stocks and contracts in progress | 3 | €13,862 | €6,224 | -€7,638 | -55.1% |
| Stocks | 30/36 | €6,510 | €6,224 | -€286 | -4.4% |
| Contracts in progress | 37 | €7,352 | €0 | -€7,352 | -100.0% |
| Amounts receivable within one year | 40/41 | €63,755 | €60,326 | -€3,429 | -5.4% |
| Trade receivables | 40 | €63,729 | €58,934 | -€4,795 | -7.5% |
| Other amounts receivable | 41 | €26 | €1,392 | +€1,366 | +5251.5% |
| Cash at bank and in hand | 54/58 | €1,476 | €2,352 | +€875 | +59.3% |
| Deferred charges and accrued income | 490/1 | €2,272 | €1,038 | -€1,234 | -54.3% |
| Total equity and liabilities | 10/49 | €86,154 | €89,348 | +€3,194 | +3.7% |
| Equity | 10/15 | -€49,125 | -€78,988 | -€29,863 | -60.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €4,602 | €4,602 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,742 | €2,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,726 | -€183,590 | -€29,863 | -19.4% |
| Amounts payable | 17/49 | €135,278 | €168,336 | +€33,057 | +24.4% |
| Amounts payable after more than one year | 17 | - | €1,913 | +€1,913 | |
| Financial debts | 170/4 | - | €1,913 | +€1,913 | |
| Amounts payable within one year | 42/48 | €135,278 | €166,423 | +€31,145 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,249 | +€5,249 | |
| Financial debts | 43 | €94,615 | €100,000 | +€5,385 | +5.7% |
| Credit institutions | 430/8 | €94,615 | €100,000 | +€5,385 | +5.7% |
| Trade debts | 44 | €12,431 | €13,661 | +€1,230 | +9.9% |
| Suppliers | 440/4 | €12,431 | €13,661 | +€1,230 | +9.9% |
| Taxes, remuneration and social security | 45 | €18,158 | €26,246 | +€8,088 | +44.5% |
| Taxes | 450/3 | €6,940 | €3,550 | -€3,390 | -48.8% |
| Remuneration and social security | 454/9 | €11,219 | €22,697 | +€11,478 | +102.3% |
| Other amounts payable | 47/48 | €10,074 | €21,266 | +€11,193 | +111.1% |
| Non-recurring operating income | 76A | €12,750 | €0 | -€12,750 | -100.0% |
| Remuneration, social security and pensions | 62 | €87,219 | €99,789 | +€12,570 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,405 | €5,648 | +€3,243 | +134.8% |
| Other operating charges | 640/8 | €1,888 | €1,044 | -€843 | -44.7% |
| Gross operating margin | 9900 | €51,237 | €86,735 | +€35,498 | +69.3% |
| Operating profit (loss) | 9901 | -€40,275 | -€19,746 | +€20,528 | +51.0% |
| Financial income | 75/76B | €350 | €26 | -€324 | -92.5% |
| Recurring financial income | 75 | €350 | €26 | -€324 | -92.5% |
| Financial charges | 65/66B | €3,953 | €9,747 | +€5,795 | +146.6% |
| Recurring financial charges | 65 | €3,953 | €9,747 | +€5,795 | +146.6% |
| Profit (loss) for the period before taxes | 9903 | -€43,878 | -€29,467 | +€14,410 | +32.8% |
| Income taxes | 67/77 | €370 | €396 | +€26 | +7.1% |
| Profit (loss) for the period | 9904 | -€44,247 | -€29,863 | +€14,384 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,247 | -€29,863 | +€14,384 | +32.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.