Wallco: 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.
Wallco
Largest movements
- Receivables within one year -€24,952
down €24,952 (-58.0%), from €43,041 to €18,090
of which Trade receivables: -€21,556
- Receivables after one year -€3,561
down €3,561 (-11.6%), from €30,587 to €27,026
- Cash -€2,708
down €2,708 (-44.8%), from €6,050 to €3,341
mainly Trade debts (-€19,634) and Other debts (-€10,000)
- Tangible fixed assets -€2,585
down €2,585 (-34.7%), from €7,445 to €4,860
- Trade debts -€19,634
down €19,634 (-91.6%), from €21,428 to €1,794
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Advances received -€7,694
no longer reported in 2025 (was €7,694)
- Reserves +€2,004
up €2,004 (+5.6%), from €35,543 to €37,547
of which Distributable reserves: +€2,004
- Tax, wage and social debts +€1,517
up €1,517 (+40.1%), from €3,783 to €5,300
- Gross operating margin -€7,135
down €7,135 (-52.4%), from €13,618 to €6,483
- Taxes -€2,327
down €2,327 (-60.5%), from €3,844 to €1,517
- Depreciation +€2,094
up €2,094 (+426.3%), from €491 to €2,585
- Other operating charges -€150
down €150 (-14.1%), from €1,069 to €918
From the 2024 result to the 2025 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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,124 | €53,317 | -€33,807 | -38.8% |
| Fixed assets | 21/28 | €7,445 | €4,860 | -€2,585 | -34.7% |
| Tangible fixed assets | 22/27 | €7,445 | €4,860 | -€2,585 | -34.7% |
| Furniture and vehicles | 24 | €7,445 | €4,860 | -€2,585 | -34.7% |
| Current assets | 29/58 | €79,678 | €48,457 | -€31,221 | -39.2% |
| Amounts receivable after more than one year | 29 | €30,587 | €27,026 | -€3,561 | -11.6% |
| Other amounts receivable | 291 | €30,587 | €27,026 | -€3,561 | -11.6% |
| Amounts receivable within one year | 40/41 | €43,041 | €18,090 | -€24,952 | -58.0% |
| Trade receivables | 40 | €24,755 | €3,200 | -€21,556 | -87.1% |
| Other amounts receivable | 41 | €18,286 | €14,890 | -€3,396 | -18.6% |
| Cash at bank and in hand | 54/58 | €6,050 | €3,341 | -€2,708 | -44.8% |
| Total equity and liabilities | 10/49 | €87,124 | €53,317 | -€33,807 | -38.8% |
| Equity | 10/15 | €44,220 | €46,224 | +€2,004 | +4.5% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Outside capital | 11 | €8,676 | €8,676 | = | 0.0% |
| Share premium | 1100/10 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €35,543 | €37,547 | +€2,004 | +5.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €532 | €532 | = | 0.0% |
| Distributable reserves | 133 | €33,152 | €35,156 | +€2,004 | +6.0% |
| Amounts payable | 17/49 | €42,904 | €7,094 | -€35,811 | -83.5% |
| Amounts payable within one year | 42/48 | €42,904 | €7,094 | -€35,811 | -83.5% |
| Trade debts | 44 | €21,428 | €1,794 | -€19,634 | -91.6% |
| Suppliers | 440/4 | €21,428 | €1,794 | -€19,634 | -91.6% |
| Advances received on contracts in progress | 46 | €7,694 | - | -€7,694 | |
| Taxes, remuneration and social security | 45 | €3,783 | €5,300 | +€1,517 | +40.1% |
| Taxes | 450/3 | €3,783 | €5,300 | +€1,517 | +40.1% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Non-recurring operating income | 76A | €358 | - | -€358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €491 | €2,585 | +€2,094 | +426.3% |
| Other operating charges | 640/8 | €1,069 | €918 | -€150 | -14.1% |
| Gross operating margin | 9900 | €13,618 | €6,483 | -€7,135 | -52.4% |
| Operating profit (loss) | 9901 | €12,058 | €2,979 | -€9,079 | -75.3% |
| Financial income | 75/76B | €719 | €650 | -€69 | -9.6% |
| Recurring financial income | 75 | €719 | €650 | -€69 | -9.6% |
| Financial charges | 65/66B | €110 | €108 | -€2 | -1.4% |
| Recurring financial charges | 65 | €110 | €108 | -€2 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €12,667 | €3,521 | -€9,146 | -72.2% |
| Income taxes | 67/77 | €3,844 | €1,517 | -€2,327 | -60.5% |
| Profit (loss) for the period | 9904 | €8,823 | €2,004 | -€6,819 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,823 | €2,004 | -€6,819 | -77.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.