WERKPLAATS WALTER: what changed
What changed
WERKPLAATS WALTER
NACE 90.120, Visual arts creation
filed annual accounts (NBB)
Net result for the year
€6,919
2024 · €6,360+€558
Equity
€672,947
2024 · €666,029+€6,919
Cash
€2,187
2024 · €12,754-€10,567
Balance sheet total
€1.3m
2024 · €1.4m-€31,313
Largest movements
Assets
- Tangible fixed assets -€22,587
down €22,587 (-1.7%), from €1.3m to €1.3m
of which Land and buildings: -€16,680
Equity and liabilities
- Debts after one year -€52,157
down €52,157 (-8.5%), from €613,513 to €561,356
- Other debts +€16,218
up €16,218 (+132%), from €12,311 to €28,529
Income statement
- Depreciation -€16,594
down €16,594 (-42.4%), from €39,181 to €22,587
- Gross operating margin -€14,680
down €14,680 (-19.7%), from €74,564 to €59,884
- Financial charges +€855
up €855 (+4.3%), from €20,020 to €20,874
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,360
Gross operating margin
-€14,680
Depreciation
+€16,594
Other operating charges
-€456
Financial income
+€19
Financial charges
-€855
Taxes
-€64
Result 2025
€6,919
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€45,557
Investment
€0
Financing
-€56,124
Cash 2024
€12,754
From operations (derived)
+€45,557
Net result for the year
+€6,919
Depreciation
+€22,587
Receivables within one year
-€1,947
Deferred charges and accrued income
+€106
Trade debts
+€3,321
Tax, wage and social debts
+€1,014
Other debts
+€16,218
Accrued charges and deferred income
-€2,659
Financing
-€56,124
Debts after one year
-€52,157
Current portion of long-term debt
-€3,967
Cash 2025
€2,187
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,359,226 | €1,327,913 | -€31,313 | -2.3% |
| Fixed assets | 21/28 | €1,340,851 | €1,318,264 | -€22,587 | -1.7% |
| Tangible fixed assets | 22/27 | €1,340,047 | €1,317,461 | -€22,587 | -1.7% |
| Land and buildings | 22 | €842,938 | €826,258 | -€16,680 | -2.0% |
| Plant, machinery and equipment | 23 | €41,878 | €35,971 | -€5,907 | -14.1% |
| Other tangible fixed assets | 26 | €455,232 | €455,232 | = | 0.0% |
| Financial fixed assets | 28 | €804 | €804 | = | 0.0% |
| Current assets | 29/58 | €18,375 | €9,649 | -€8,726 | -47.5% |
| Amounts receivable within one year | 40/41 | €2,405 | €4,353 | +€1,947 | +81.0% |
| Trade receivables | 40 | €2,405 | €4,353 | +€1,947 | +81.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,754 | €2,187 | -€10,567 | -82.9% |
| Deferred charges and accrued income | 490/1 | €3,216 | €3,109 | -€106 | -3.3% |
| Total equity and liabilities | 10/49 | €1,359,226 | €1,327,913 | -€31,313 | -2.3% |
| Equity | 10/15 | €666,029 | €672,947 | +€6,919 | +1.0% |
| Contributions | 10/11 | €827,000 | €827,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,971 | -€154,053 | +€6,919 | +4.3% |
| Amounts payable | 17/49 | €693,197 | €654,966 | -€38,231 | -5.5% |
| Amounts payable after more than one year | 17 | €613,513 | €561,356 | -€52,157 | -8.5% |
| Financial debts | 170/4 | €613,513 | €561,356 | -€52,157 | -8.5% |
| Amounts payable within one year | 42/48 | €77,024 | €93,610 | +€16,586 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €57,793 | €53,826 | -€3,967 | -6.9% |
| Trade debts | 44 | €4,607 | €7,928 | +€3,321 | +72.1% |
| Suppliers | 440/4 | €4,607 | €7,928 | +€3,321 | +72.1% |
| Taxes, remuneration and social security | 45 | €2,312 | €3,326 | +€1,014 | +43.8% |
| Taxes | 450/3 | €2,312 | €3,326 | +€1,014 | +43.8% |
| Other amounts payable | 47/48 | €12,311 | €28,529 | +€16,218 | +132% |
| Accrued charges and deferred income | 492/3 | €2,659 | €0 | -€2,659 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,181 | €22,587 | -€16,594 | -42.4% |
| Other operating charges | 640/8 | €8,929 | €9,385 | +€456 | +5.1% |
| Gross operating margin | 9900 | €74,564 | €59,884 | -€14,680 | -19.7% |
| Operating profit (loss) | 9901 | €26,455 | €27,912 | +€1,457 | +5.5% |
| Financial income | 75/76B | €0 | €19 | +€19 | |
| Recurring financial income | 75 | €0 | €19 | +€19 | |
| Financial charges | 65/66B | €20,020 | €20,874 | +€855 | +4.3% |
| Recurring financial charges | 65 | €20,020 | €20,874 | +€855 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €6,435 | €7,058 | +€622 | +9.7% |
| Income taxes | 67/77 | €75 | €139 | +€64 | +85.3% |
| Profit (loss) for the period | 9904 | €6,360 | €6,919 | +€558 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,360 | €6,919 | +€558 | +8.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.