WALWIND: 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.
What changed
WALWIND
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€9,132
2024 · €19,383-€10,251
Equity
€2.3m
2024 · €2.3m+€9,132
Cash
€180,268
2024 · €183,895-€3,627
Balance sheet total
€6.4m
2024 · €6.2m+€209,691
Largest movements
Assets
- Receivables after one year +€247,918
up €247,918 (+6.5%), from €3.8m to €4.1m
Equity and liabilities
- Debts after one year +€231,115
up €231,115 (+6.6%), from €3.5m to €3.7m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€19,383
Other operating items
-€486
Financial income
-€38,527
Financial charges
+€28,470
Taxes
+€292
Result 2025
€9,132
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.
From operations
-€202,897
Investment
€0
Financing
+€199,270
Cash 2024
€183,895
From operations (derived)
-€202,897
Net result for the year
+€9,132
Receivables after one year
-€247,918
Receivables within one year
+€34,492
Smaller working-capital items
+€398
Trade debts
+€998
Financing
+€199,270
Debts after one year
+€231,115
Short-term financial debts
-€31,845
Cash 2025
€180,268
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,188,216 | €6,397,907 | +€209,691 | +3.4% |
| Fixed assets | 21/28 | €1,810,002 | €1,810,002 | = | 0.0% |
| Financial fixed assets | 28 | €1,810,002 | €1,810,002 | = | 0.0% |
| Affiliated companies | 280/1 | €1,810,002 | €1,810,002 | = | 0.0% |
| Participating interests | 280 | €1,810,002 | €1,810,002 | = | 0.0% |
| Current assets | 29/58 | €4,378,213 | €4,587,905 | +€209,691 | +4.8% |
| Amounts receivable after more than one year | 29 | €3,833,321 | €4,081,238 | +€247,918 | +6.5% |
| Other amounts receivable | 291 | €3,833,321 | €4,081,238 | +€247,918 | +6.5% |
| Amounts receivable within one year | 40/41 | €360,588 | €326,096 | -€34,492 | -9.6% |
| Other amounts receivable | 41 | €360,588 | €326,096 | -€34,492 | -9.6% |
| Cash at bank and in hand | 54/58 | €183,895 | €180,268 | -€3,627 | -2.0% |
| Deferred charges and accrued income | 490/1 | €410 | €302 | -€107 | -26.2% |
| Total equity and liabilities | 10/49 | €6,188,216 | €6,397,907 | +€209,691 | +3.4% |
| Equity | 10/15 | €2,315,200 | €2,324,333 | +€9,132 | +0.4% |
| Contributions | 10/11 | €1,950,000 | €1,950,000 | = | 0.0% |
| Capital | 10 | €1,950,000 | €1,950,000 | = | 0.0% |
| Issued capital | 100 | €1,950,000 | €1,950,000 | = | 0.0% |
| Reserves | 13 | €176,810 | €177,267 | +€457 | +0.3% |
| Non-distributable reserves | 130/1 | €176,810 | €177,267 | +€457 | +0.3% |
| Legal reserve | 130 | €176,810 | €177,267 | +€457 | +0.3% |
| Profit (loss) carried forward | 14 | €188,390 | €197,066 | +€8,676 | +4.6% |
| Amounts payable | 17/49 | €3,873,015 | €4,073,574 | +€200,559 | +5.2% |
| Amounts payable after more than one year | 17 | €3,507,722 | €3,738,837 | +€231,115 | +6.6% |
| Financial debts | 170/4 | €3,507,722 | €3,738,837 | +€231,115 | +6.6% |
| Other loans | 174 | €3,507,722 | €3,738,837 | +€231,115 | +6.6% |
| Amounts payable within one year | 42/48 | €365,294 | €334,647 | -€30,647 | -8.4% |
| Financial debts | 43 | €357,942 | €326,096 | -€31,845 | -8.9% |
| Other loans | 439 | €357,942 | €326,096 | -€31,845 | -8.9% |
| Trade debts | 44 | €3,933 | €4,931 | +€998 | +25.4% |
| Suppliers | 440/4 | €3,933 | €4,931 | +€998 | +25.4% |
| Taxes, remuneration and social security | 45 | €2,828 | €2,830 | +€2 | +0.1% |
| Taxes | 450/3 | €2,828 | €2,830 | +€2 | +0.1% |
| Other amounts payable | 47/48 | €592 | €789 | +€197 | +33.4% |
| Accrued charges and deferred income | 492/3 | - | €91 | +€91 | |
| Operating income | 70/76A | €838 | - | -€838 | |
| Other operating income | 74 | €838 | - | -€838 | |
| Operating charges | 60/66A | €5,852 | €5,501 | -€352 | -6.0% |
| Services and other goods | 61 | €5,852 | €5,501 | -€352 | -6.0% |
| Operating profit (loss) | 9901 | -€5,015 | -€5,501 | -€486 | -9.7% |
| Financial income | 75/76B | €256,108 | €217,581 | -€38,527 | -15.0% |
| Recurring financial income | 75 | €256,108 | €217,581 | -€38,527 | -15.0% |
| Income from current assets | 751 | €256,108 | €217,581 | -€38,527 | -15.0% |
| Financial charges | 65/66B | €228,136 | €199,666 | -€28,470 | -12.5% |
| Recurring financial charges | 65 | €228,136 | €199,666 | -€28,470 | -12.5% |
| Debt charges | 650 | €227,740 | €199,270 | -€28,470 | -12.5% |
| Other financial charges | 652/9 | €396 | €396 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €22,958 | €12,415 | -€10,543 | -45.9% |
| Income taxes | 67/77 | €3,575 | €3,283 | -€292 | -8.2% |
| Taxes | 670/3 | €3,575 | €3,283 | -€292 | -8.2% |
| Profit (loss) for the period | 9904 | €19,383 | €9,132 | -€10,251 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,383 | €9,132 | -€10,251 | -52.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.