WALLAYS: what changed
What changed
WALLAYS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€135,066
2024 · -€15,885-€119,181
Equity
-€195,727
2024 · -€60,660-€135,066
Cash
€6,154
2024 · €4,720+€1,435
Balance sheet total
€105,046
2024 · €126,422-€21,376
Largest movements
Assets
- Receivables within one year -€71,807
down €71,807 (-59.0%), from €121,702 to €49,895
of which Trade receivables: -€50,563
- Tangible fixed assets +€48,709
new in 2025: €48,709
of which Furniture and vehicles: +€48,070
- Cash +€1,435
up €1,435 (+30.4%), from €4,720 to €6,154
mainly Receivables within one year (+€71,807) and Trade debts (+€50,332)
Equity and liabilities
- Profit (loss) carried forward -€135,066
down €135,066 (-50.8%), from -€265,964 to -€401,031
- Trade debts +€50,332
up €50,332 (+32.0%), from €157,248 to €207,580
- Debts after one year +€36,664
new in 2025: €36,664
- Other debts +€20,694
up €20,694 (+80.3%), from €25,772 to €46,466
- Current portion of long-term debt +€7,110
new in 2025: €7,110
Income statement
- Gross operating margin -€81,829
down €81,829 (-68.4%), from €119,599 to €37,770
- Staff costs +€33,493
up €33,493 (+24.8%), from €135,310 to €168,804
- Depreciation +€2,026
new in 2025: €2,026
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
-€15,885
Gross operating margin
-€81,829
Staff costs
-€33,493
Depreciation
-€2,026
Other operating charges
-€270
Financial income
-€576
Financial charges
-€1,097
Taxes
+€109
Result 2025
-€135,066
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
+€8,396
Investment
-€50,735
Financing
+€43,774
Cash 2024
€4,720
From operations (derived)
+€8,396
Net result for the year
-€135,066
Depreciation
+€2,026
Receivables within one year
+€71,807
Deferred charges and accrued income
-€287
Trade debts
+€50,332
Tax, wage and social debts
-€1,110
Other debts
+€20,694
Investment (derived)
-€50,735
Investment in fixed assets (net)
-€50,735
Financing
+€43,774
Debts after one year
+€36,664
Current portion of long-term debt
+€7,110
Cash 2025
€6,154
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,422 | €105,046 | -€21,376 | -16.9% |
| Fixed assets | 21/28 | - | €48,709 | +€48,709 | |
| Tangible fixed assets | 22/27 | - | €48,709 | +€48,709 | |
| Plant, machinery and equipment | 23 | - | €639 | +€639 | |
| Furniture and vehicles | 24 | - | €48,070 | +€48,070 | |
| Current assets | 29/58 | €126,422 | €56,337 | -€70,085 | -55.4% |
| Amounts receivable within one year | 40/41 | €121,702 | €49,895 | -€71,807 | -59.0% |
| Trade receivables | 40 | €95,573 | €45,010 | -€50,563 | -52.9% |
| Other amounts receivable | 41 | €26,129 | €4,885 | -€21,244 | -81.3% |
| Cash at bank and in hand | 54/58 | €4,720 | €6,154 | +€1,435 | +30.4% |
| Deferred charges and accrued income | 490/1 | - | €287 | +€287 | |
| Total equity and liabilities | 10/49 | €126,422 | €105,046 | -€21,376 | -16.9% |
| Equity | 10/15 | -€60,660 | -€195,727 | -€135,066 | -223% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €180,304 | €180,304 | = | 0.0% |
| Distributable reserves | 133 | €180,304 | €180,304 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€265,964 | -€401,031 | -€135,066 | -50.8% |
| Amounts payable | 17/49 | €187,082 | €300,772 | +€113,690 | +60.8% |
| Amounts payable after more than one year | 17 | - | €36,664 | +€36,664 | |
| Financial debts | 170/4 | - | €36,664 | +€36,664 | |
| Amounts payable within one year | 42/48 | €187,082 | €264,108 | +€77,026 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,110 | +€7,110 | |
| Trade debts | 44 | €157,248 | €207,580 | +€50,332 | +32.0% |
| Suppliers | 440/4 | €157,248 | €207,580 | +€50,332 | +32.0% |
| Taxes, remuneration and social security | 45 | €4,063 | €2,952 | -€1,110 | -27.3% |
| Taxes | 450/3 | €82 | €186 | +€104 | +127% |
| Remuneration and social security | 454/9 | €3,981 | €2,766 | -€1,215 | -30.5% |
| Other amounts payable | 47/48 | €25,772 | €46,466 | +€20,694 | +80.3% |
| Remuneration, social security and pensions | 62 | €135,310 | €168,804 | +€33,493 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,026 | +€2,026 | |
| Other operating charges | 640/8 | €118 | €387 | +€270 | +229% |
| Gross operating margin | 9900 | €119,599 | €37,770 | -€81,829 | -68.4% |
| Operating profit (loss) | 9901 | -€15,830 | -€133,447 | -€117,618 | -743% |
| Financial income | 75/76B | €576 | - | -€576 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Non-recurring financial income | 76B | €562 | - | -€562 | |
| Financial charges | 65/66B | €532 | €1,628 | +€1,097 | +206% |
| Recurring financial charges | 65 | €532 | €1,628 | +€1,097 | +206% |
| Profit (loss) for the period before taxes | 9903 | -€15,785 | -€135,076 | -€119,291 | -756% |
| Income taxes | 67/77 | €100 | -€9 | -€109 | |
| Profit (loss) for the period | 9904 | -€15,885 | -€135,066 | -€119,181 | -750% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,885 | -€135,066 | -€119,181 | -750% |
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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 3 November 2026 via checked.be.