WALTEC: what changed
What changed
WALTEC
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€6,057
2023 · -€27,202+€21,145
Equity
€1.8m
2023 · €1.8m-€6,057
Cash
€321,107
2023 · €712,644-€391,537
Balance sheet total
€1.8m
2023 · €1.8m-€5,863
Largest movements
Assets
- Cash -€391,537
down €391,537 (-54.9%), from €712,644 to €321,107
mainly Receivables after one year (-€357,958) and Investment in fixed assets (net) (-€58,275)
- Receivables after one year +€357,958
up €357,958 (+162%), from €221,186 to €579,144
- Receivables within one year +€28,359
up €28,359 (+23.4%), from €121,359 to €149,718
of which Trade receivables: +€26,497
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income +€43,838
up €43,838 (+17,259%), from €254 to €44,092
- Depreciation +€13,435
up €13,435 (+29.3%), from €45,834 to €59,269
- Turnover -€9,340
down €9,340 (-15.0%), from €62,167 to €52,827
- Gross operating margin -€6,305
down €6,305 (-27.6%), from €22,871 to €16,566
- Purchases and services -€3,035
down €3,035 (-7.7%), from €39,296 to €36,261
Change in the result, 2023 to 2024
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 2023
-€27,202
Gross operating margin
-€6,305
Depreciation
-€13,435
Other operating charges
-€977
Financial income
+€43,838
Financial charges
-€323
Taxes
-€1,653
Result 2024
-€6,057
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€333,262
Investment
-€58,275
Financing
€0
Cash 2023
€712,644
From operations (derived)
-€333,262
Net result for the year
-€6,057
Depreciation
+€59,269
Receivables after one year
-€357,958
Receivables within one year
-€28,359
Smaller working-capital items
-€157
Investment (derived)
-€58,275
Investment in fixed assets (net)
-€58,275
Cash 2024
€321,107
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,791,450 | €1,785,587 | -€5,863 | -0.3% |
| Fixed assets | 21/28 | €733,575 | €732,581 | -€994 | -0.1% |
| Tangible fixed assets | 22/27 | €625,915 | €624,921 | -€994 | -0.2% |
| Land and buildings | 22 | €539,660 | €507,936 | -€31,724 | -5.9% |
| Plant, machinery and equipment | 23 | €30,710 | €74,357 | +€43,647 | +142% |
| Furniture and vehicles | 24 | €49,375 | €38,684 | -€10,691 | -21.7% |
| Other tangible fixed assets | 26 | €6,170 | €3,944 | -€2,226 | -36.1% |
| Financial fixed assets | 28 | €107,660 | €107,660 | = | 0.0% |
| Current assets | 29/58 | €1,057,875 | €1,053,006 | -€4,869 | -0.5% |
| Amounts receivable after more than one year | 29 | €221,186 | €579,144 | +€357,958 | +162% |
| Other amounts receivable | 291 | €221,186 | €579,144 | +€357,958 | +162% |
| Amounts receivable within one year | 40/41 | €121,359 | €149,718 | +€28,359 | +23.4% |
| Trade receivables | 40 | €118,725 | €145,222 | +€26,497 | +22.3% |
| Other amounts receivable | 41 | €2,634 | €4,496 | +€1,862 | +70.7% |
| Cash at bank and in hand | 54/58 | €712,644 | €321,107 | -€391,537 | -54.9% |
| Deferred charges and accrued income | 490/1 | €2,686 | €3,037 | +€351 | +13.1% |
| Total equity and liabilities | 10/49 | €1,791,450 | €1,785,587 | -€5,863 | -0.3% |
| Equity | 10/15 | €1,785,191 | €1,779,134 | -€6,057 | -0.3% |
| Contributions | 10/11 | €1,800,060 | €1,800,060 | = | 0.0% |
| Capital | 10 | €1,800,060 | €1,800,060 | = | 0.0% |
| Issued capital | 100 | €1,800,060 | €1,800,060 | = | 0.0% |
| Reserves | 13 | €81,810 | €81,810 | = | 0.0% |
| Non-distributable reserves | 130/1 | €81,810 | €81,810 | = | 0.0% |
| Legal reserve | 130 | €81,810 | €81,810 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,679 | -€102,736 | -€6,057 | -6.3% |
| Amounts payable | 17/49 | €6,259 | €6,453 | +€194 | +3.1% |
| Amounts payable within one year | 42/48 | €6,259 | €6,453 | +€194 | +3.1% |
| Trade debts | 44 | €738 | €534 | -€204 | -27.6% |
| Suppliers | 440/4 | €738 | €534 | -€204 | -27.6% |
| Taxes, remuneration and social security | 45 | €4,570 | €4,570 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,570 | €4,570 | = | 0.0% |
| Other amounts payable | 47/48 | €951 | €1,349 | +€398 | +41.9% |
| Turnover | 70 | €62,167 | €52,827 | -€9,340 | -15.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €39,296 | €36,261 | -€3,035 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,834 | €59,269 | +€13,435 | +29.3% |
| Other operating charges | 640/8 | €5,884 | €6,861 | +€977 | +16.6% |
| Gross operating margin | 9900 | €22,871 | €16,566 | -€6,305 | -27.6% |
| Operating profit (loss) | 9901 | -€28,847 | -€49,564 | -€20,717 | -71.8% |
| Financial income | 75/76B | €254 | €44,092 | +€43,838 | +17,259% |
| Recurring financial income | 75 | €254 | €44,092 | +€43,838 | +17,259% |
| Financial charges | 65/66B | €109 | €432 | +€323 | +296% |
| Recurring financial charges | 65 | €109 | €432 | +€323 | +296% |
| Profit (loss) for the period before taxes | 9903 | -€28,702 | -€5,904 | +€22,798 | +79.4% |
| Income taxes | 67/77 | -€1,500 | €153 | +€1,653 | |
| Profit (loss) for the period | 9904 | -€27,202 | -€6,057 | +€21,145 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,202 | -€6,057 | +€21,145 | +77.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.