WALIDCO: what changed
WALIDCO
Largest movements
- Cash +€20,709
up €20,709 (+2,001%), from €1,035 to €21,744
mainly Net result for the year (+€30,437) and Receivables within one year (+€17,229)
- Receivables within one year -€17,229
down €17,229 (-57.6%), from €29,925 to €12,697
of which Trade receivables: -€17,629
- Tangible fixed assets -€11,318
down €11,318 (-39.8%), from €28,410 to €17,092
of which Leasing and similar rights: -€9,390
- Debts after one year -€48,608
down €48,608 (-87.2%), from €55,749 to €7,141
- Profit (loss) carried forward +€30,437
up €30,437 (+56.0%), from -€54,351 to -€23,914
- Tax, wage and social debts +€9,114
up €9,114 (+37.2%), from €24,522 to €33,635
of which Taxes: +€4,879
- Trade debts +€1,217
up €1,217 (+15.2%), from €7,993 to €9,210
- Gross operating margin +€32,739
up €32,739 (+27.5%), from €119,088 to €151,827
- Staff costs +€29,848
up €29,848 (+45.5%), from €65,570 to €95,419
- Taxes +€10,427
up €10,427 (+5,979%), from €174 to €10,601
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,765 | €52,915 | -€7,849 | -12.9% |
| Fixed assets | 21/28 | €28,596 | €17,278 | -€11,318 | -39.6% |
| Tangible fixed assets | 22/27 | €28,410 | €17,092 | -€11,318 | -39.8% |
| Plant, machinery and equipment | 23 | - | €2,586 | +€2,586 | |
| Furniture and vehicles | 24 | €4,022 | €1,052 | -€2,970 | -73.8% |
| Leasing and similar rights | 25 | €21,379 | €11,989 | -€9,390 | -43.9% |
| Other tangible fixed assets | 26 | €3,009 | €1,465 | -€1,544 | -51.3% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €32,169 | €35,637 | +€3,468 | +10.8% |
| Amounts receivable within one year | 40/41 | €29,925 | €12,697 | -€17,229 | -57.6% |
| Trade receivables | 40 | €29,925 | €12,297 | -€17,629 | -58.9% |
| Other amounts receivable | 41 | - | €400 | +€400 | |
| Cash at bank and in hand | 54/58 | €1,035 | €21,744 | +€20,709 | +2,001% |
| Deferred charges and accrued income | 490/1 | €1,209 | €1,197 | -€12 | -1.0% |
| Total equity and liabilities | 10/49 | €60,765 | €52,915 | -€7,849 | -12.9% |
| Equity | 10/15 | -€35,751 | -€5,314 | +€30,437 | +85.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,351 | -€23,914 | +€30,437 | +56.0% |
| Amounts payable | 17/49 | €96,516 | €58,230 | -€38,286 | -39.7% |
| Amounts payable after more than one year | 17 | €55,749 | €7,141 | -€48,608 | -87.2% |
| Financial debts | 170/4 | €55,749 | €7,141 | -€48,608 | -87.2% |
| Amounts payable within one year | 42/48 | €40,370 | €51,088 | +€10,718 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €7,856 | €8,243 | +€387 | +4.9% |
| Trade debts | 44 | €7,993 | €9,210 | +€1,217 | +15.2% |
| Suppliers | 440/4 | €7,993 | €9,210 | +€1,217 | +15.2% |
| Taxes, remuneration and social security | 45 | €24,522 | €33,635 | +€9,114 | +37.2% |
| Taxes | 450/3 | €9,736 | €14,615 | +€4,879 | +50.1% |
| Remuneration and social security | 454/9 | €14,785 | €19,020 | +€4,235 | +28.6% |
| Accrued charges and deferred income | 492/3 | €396 | - | -€396 | |
| Remuneration, social security and pensions | 62 | €65,570 | €95,419 | +€29,848 | +45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,561 | €14,144 | -€417 | -2.9% |
| Other operating charges | 640/8 | €363 | €200 | -€163 | -44.8% |
| Gross operating margin | 9900 | €119,088 | €151,827 | +€32,739 | +27.5% |
| Operating profit (loss) | 9901 | €38,595 | €42,065 | +€3,470 | +9.0% |
| Financial charges | 65/66B | €1,368 | €1,027 | -€342 | -25.0% |
| Recurring financial charges | 65 | €1,368 | €1,027 | -€342 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €37,226 | €41,038 | +€3,812 | +10.2% |
| Income taxes | 67/77 | €174 | €10,601 | +€10,427 | +5,979% |
| Profit (loss) for the period | 9904 | €37,052 | €30,437 | -€6,615 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,052 | €30,437 | -€6,615 | -17.9% |
Next steps
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 4 November 2026 via checked.be.