Wallcorp: 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.
Wallcorp
Largest movements
- Tangible fixed assets -€396,925
down €396,925 (-63.7%), from €623,480 to €226,555
of which Land and buildings: -€386,676
- Receivables within one year +€251,708
up €251,708 (+49.1%), from €512,881 to €764,589
of which Trade receivables: +€252,682
- Current investments +€200,000
new in 2025: €200,000
- Receivables after one year +€177,625
new in 2025: €177,625
- Cash -€50,715
down €50,715 (-22.2%), from €228,847 to €178,132
mainly Contributions, distributions and other (-€628,000) and Debts after one year (-€304,791)
- Other debts +€620,421
up €620,421 (+3021.8%), from €20,531 to €640,952
- Debts after one year -€304,791
down €304,791 (-65.5%), from €465,271 to €160,480
- Reserves -€287,641
down €287,641 (-32.1%), from €895,151 to €607,510
- Trade debts +€179,852
up €179,852 (+141.8%), from €126,868 to €306,720
- Tax, wage and social debts -€70,955
down €70,955 (-39.0%), from €182,100 to €111,145
of which Taxes: -€72,324
- Gross operating margin -€161,266
down €161,266 (-20.8%), from €773,947 to €612,681
- Depreciation -€59,133
down €59,133 (-55.2%), from €107,160 to €48,027
- Taxes -€26,834
down €26,834 (-19.0%), from €141,041 to €114,206
- Write-downs +€15,090
new in 2025: €15,090
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 | €1,744,736 | €1,901,275 | +€156,539 | +9.0% |
| Fixed assets | 21/28 | €685,099 | €263,675 | -€421,425 | -61.5% |
| Intangible fixed assets | 21 | €61,619 | €37,119 | -€24,500 | -39.8% |
| Tangible fixed assets | 22/27 | €623,480 | €226,555 | -€396,925 | -63.7% |
| Land and buildings | 22 | €559,488 | €172,812 | -€386,676 | -69.1% |
| Plant, machinery and equipment | 23 | €32,110 | €32,087 | -€23 | -0.1% |
| Furniture and vehicles | 24 | €30,992 | €21,348 | -€9,644 | -31.1% |
| Other tangible fixed assets | 26 | €891 | €309 | -€581 | -65.3% |
| Current assets | 29/58 | €1,059,636 | €1,637,600 | +€577,964 | +54.5% |
| Amounts receivable after more than one year | 29 | - | €177,625 | +€177,625 | |
| Other amounts receivable | 291 | - | €177,625 | +€177,625 | |
| Stocks and contracts in progress | 3 | €315,905 | €314,664 | -€1,241 | -0.4% |
| Stocks | 30/36 | €315,905 | €314,664 | -€1,241 | -0.4% |
| Amounts receivable within one year | 40/41 | €512,881 | €764,589 | +€251,708 | +49.1% |
| Trade receivables | 40 | €510,727 | €763,410 | +€252,682 | +49.5% |
| Other amounts receivable | 41 | €2,154 | €1,180 | -€974 | -45.2% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €228,847 | €178,132 | -€50,715 | -22.2% |
| Deferred charges and accrued income | 490/1 | €2,003 | €2,590 | +€587 | +29.3% |
| Total equity and liabilities | 10/49 | €1,744,736 | €1,901,275 | +€156,539 | +9.0% |
| Equity | 10/15 | €913,751 | €626,110 | -€287,641 | -31.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €895,151 | €607,510 | -€287,641 | -32.1% |
| Distributable reserves | 133 | €895,151 | €607,510 | -€287,641 | -32.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €830,985 | €1,275,165 | +€444,181 | +53.5% |
| Amounts payable after more than one year | 17 | €465,271 | €160,480 | -€304,791 | -65.5% |
| Financial debts | 170/4 | €465,271 | €160,480 | -€304,791 | -65.5% |
| Amounts payable within one year | 42/48 | €363,942 | €1,114,518 | +€750,576 | +206.2% |
| Current portion of amounts payable after more than one year | 42 | €34,443 | €18,416 | -€16,027 | -46.5% |
| Financial debts | 43 | €0 | €37,285 | +€37,285 | |
| Credit institutions | 430/8 | €0 | €37,285 | +€37,285 | |
| Trade debts | 44 | €126,868 | €306,720 | +€179,852 | +141.8% |
| Suppliers | 440/4 | €126,868 | €306,720 | +€179,852 | +141.8% |
| Taxes, remuneration and social security | 45 | €182,100 | €111,145 | -€70,955 | -39.0% |
| Taxes | 450/3 | €171,857 | €99,534 | -€72,324 | -42.1% |
| Remuneration and social security | 454/9 | €10,243 | €11,611 | +€1,368 | +13.4% |
| Other amounts payable | 47/48 | €20,531 | €640,952 | +€620,421 | +3021.8% |
| Accrued charges and deferred income | 492/3 | €1,772 | €168 | -€1,604 | -90.5% |
| Non-recurring operating income | 76A | €68,625 | €13,881 | -€54,744 | -79.8% |
| Remuneration, social security and pensions | 62 | €48,525 | €55,976 | +€7,451 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,160 | €48,027 | -€59,133 | -55.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,090 | +€15,090 | |
| Other operating charges | 640/8 | €4,187 | €3,881 | -€306 | -7.3% |
| Non-recurring operating charges | 66A | - | €2,971 | +€2,971 | |
| Gross operating margin | 9900 | €773,947 | €612,681 | -€161,266 | -20.8% |
| Operating profit (loss) | 9901 | €614,075 | €486,736 | -€127,339 | -20.7% |
| Financial income | 75/76B | €184 | €4,511 | +€4,327 | +2356.4% |
| Recurring financial income | 75 | €184 | €4,511 | +€4,327 | +2356.4% |
| Financial charges | 65/66B | €35,340 | €36,681 | +€1,341 | +3.8% |
| Recurring financial charges | 65 | €35,340 | €36,681 | +€1,341 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €578,918 | €454,565 | -€124,353 | -21.5% |
| Income taxes | 67/77 | €141,041 | €114,206 | -€26,834 | -19.0% |
| Profit (loss) for the period | 9904 | €437,878 | €340,359 | -€97,519 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €437,878 | €340,359 | -€97,519 | -22.3% |
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 8 October 2026 via checked.be.