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WLKN: 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

WLKN

BE 0880.425.844
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€463,135
2024 · €619,729-€156,594
Equity
€2.5m
2024 · €2.0m+€463,135
Cash
€78,286
2024 · €500,844-€422,559
Balance sheet total
€7.0m
2024 · €7.4m-€389,011

Largest movements

2024 to 2025
Assets
  • Cash -€422,559

    down €422,559 (-84.4%), from €500,844 to €78,286

    mainly Debts after one year (-€396,597) and Investment in fixed assets (net) (-€278,921)

  • Receivables within one year +€145,849

    up €145,849 (+45.2%), from €322,940 to €468,789

    of which Trade receivables: +€245,585

  • Tangible fixed assets -€95,764

    down €95,764 (-1.5%), from €6.5m to €6.4m

    of which Land and buildings: -€51,901

Equity and liabilities
  • Reserves +€463,135

    up €463,135 (+24.3%), from €1.9m to €2.4m

  • Debts after one year -€396,597

    down €396,597 (-10.0%), from €4.0m to €3.6m

  • Trade debts -€246,703

    down €246,703 (-96.2%), from €256,505 to €9,802

  • Other debts -€205,774

    down €205,774 (-38.1%), from €540,047 to €334,273

Income statement
  • Gross operating margin +€262,057

    up €262,057 (+24.6%), from €1.1m to €1.3m

  • Taxes +€141,394

    up €141,394 (+140.3%), from €100,789 to €242,183

  • Financial charges +€123,636

    up €123,636 (+244.8%), from €50,515 to €174,150

  • Depreciation +€117,350

    up €117,350 (+45.6%), from €257,336 to €374,685

  • Financial income -€18,535

    down €18,535 (-99.9%), from €18,550 to €15

From the 2024 result to the 2025 result

effect on the 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 €619,729
Gross operating margin +€262,057
Staff costs -€4,882
Depreciation -€117,350
Other operating charges -€12,856
Financial income -€18,535
Financial charges -€123,636
Taxes -€141,394
Result 2025 €463,135

Cash bridge derived

cash 2024 to 2025

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 +€314,920
Investment -€278,921
Financing -€458,558
Cash 2024 €500,844
Net result for the year +€463,135
Depreciation +€374,685
Stocks and contracts -€241
Receivables within one year -€145,849
Deferred charges and accrued income +€16,778
Trade debts -€246,703
Tax, wage and social debts +€53,427
Other debts -€205,774
Accrued charges and deferred income +€5,463
Investment in fixed assets (net) -€278,921
Debts after one year -€396,597
Current portion of long-term debt -€61,961
Cash 2025 €78,286
Every line side by side 49 lines
Line Code 2024 2025 Change %
Total assets 20/58 €7,400,002 €7,010,991 -€389,011 -5.3%
Fixed assets 21/28 €6,512,667 €6,416,903 -€95,764 -1.5%
Tangible fixed assets 22/27 €6,512,342 €6,416,578 -€95,764 -1.5%
Land and buildings 22 €5,420,464 €5,368,563 -€51,901 -1.0%
Plant, machinery and equipment 23 €51,634 €61,084 +€9,449 +18.3%
Furniture and vehicles 24 €1,037,961 €986,932 -€51,029 -4.9%
Assets under construction and advance payments 27 €2,283 €0 -€2,283 -100.0%
Financial fixed assets 28 €325 €325 = 0.0%
Current assets 29/58 €887,335 €594,088 -€293,246 -33.0%
Stocks and contracts in progress 3 €3,006 €3,247 +€241 +8.0%
Stocks 30/36 €3,006 €3,247 +€241 +8.0%
Amounts receivable within one year 40/41 €322,940 €468,789 +€145,849 +45.2%
Trade receivables 40 €214,467 €460,051 +€245,585 +114.5%
Other amounts receivable 41 €108,473 €8,738 -€99,735 -91.9%
Current investments 50/53 €0 - =
Cash at bank and in hand 54/58 €500,844 €78,286 -€422,559 -84.4%
Deferred charges and accrued income 490/1 €60,545 €43,767 -€16,778 -27.7%
Total equity and liabilities 10/49 €7,400,002 €7,010,991 -€389,011 -5.3%
Equity 10/15 €2,030,639 €2,493,773 +€463,135 +22.8%
Contributions 10/11 €120,900 €120,900 = 0.0%
Reserves 13 €1,909,739 €2,372,873 +€463,135 +24.3%
Distributable reserves 133 €1,909,739 €2,372,873 +€463,135 +24.3%
Profit (loss) carried forward 14 €0 €0 =
Amounts payable 17/49 €5,369,364 €4,517,218 -€852,146 -15.9%
Amounts payable after more than one year 17 €3,963,729 €3,567,132 -€396,597 -10.0%
Financial debts 170/4 €3,963,729 €3,567,132 -€396,597 -10.0%
Amounts payable within one year 42/48 €1,367,230 €906,218 -€461,012 -33.7%
Current portion of amounts payable after more than one year 42 €458,558 €396,597 -€61,961 -13.5%
Trade debts 44 €256,505 €9,802 -€246,703 -96.2%
Suppliers 440/4 €256,505 €9,802 -€246,703 -96.2%
Taxes, remuneration and social security 45 €112,120 €165,547 +€53,427 +47.7%
Taxes 450/3 €104,379 €155,322 +€50,943 +48.8%
Remuneration and social security 454/9 €7,740 €10,225 +€2,484 +32.1%
Other amounts payable 47/48 €540,047 €334,273 -€205,774 -38.1%
Accrued charges and deferred income 492/3 €38,405 €43,868 +€5,463 +14.2%
Non-recurring operating income 76A €0 €6,300 +€6,300
Remuneration, social security and pensions 62 €45,674 €50,555 +€4,882 +10.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €257,336 €374,685 +€117,350 +45.6%
Other operating charges 640/8 €11,017 €23,873 +€12,856 +116.7%
Gross operating margin 9900 €1,066,509 €1,328,567 +€262,057 +24.6%
Operating profit (loss) 9901 €752,483 €879,453 +€126,970 +16.9%
Financial income 75/76B €18,550 €15 -€18,535 -99.9%
Recurring financial income 75 €18,550 €15 -€18,535 -99.9%
Financial charges 65/66B €50,515 €174,150 +€123,636 +244.8%
Recurring financial charges 65 €50,515 €174,150 +€123,636 +244.8%
Profit (loss) for the period before taxes 9903 €720,518 €705,318 -€15,200 -2.1%
Income taxes 67/77 €100,789 €242,183 +€141,394 +140.3%
Profit (loss) for the period 9904 €619,729 €463,135 -€156,594 -25.3%
Profit (loss) for the period to be appropriated 9905 €619,729 €463,135 -€156,594 -25.3%

Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.