WALLINVEST: what changed
Two financial 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.
WALLINVEST
Largest movements
- Receivables within one year -€108,229
down €108,229 (-98.0%), from €110,427 to €2,199
of which Other amounts receivable: -€90,377
- Tangible fixed assets +€99,582
new in 2025: €99,582
- Deferred charges and accrued income -€45,582
down €45,582 (-40.0%), from €114,073 to €68,490
- Short-term financial debts -€100,000
down €100,000 (-28.6%), from €350,000 to €250,000
- Debts after one year +€61,813
up €61,813 (+16.0%), from €385,964 to €447,776
- Profit (loss) carried forward -€58,305
down €58,305, from €53,465 to -€4,840
- Other debts +€30,253
up €30,253 (+9.5%), from €319,047 to €349,300
- Gross operating margin -€99,049
down €99,049 (-80.2%), from €123,534 to €24,485
- Financial charges +€16,103
up €16,103 (+42.5%), from €37,906 to €54,009
- Depreciation +€14,918
new in 2025: €14,918
- Taxes -€13,156
down €13,156 (-96.4%), from €13,644 to €489
- Other operating charges -€2,147
down €2,147 (-13.8%), from €15,522 to €13,375
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.
Derived cash bridge
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 | €1,183,036 | €1,128,765 | -€54,271 | -4.6% |
| Fixed assets | 21/28 | €450,000 | €549,582 | +€99,582 | +22.1% |
| Tangible fixed assets | 22/27 | - | €99,582 | +€99,582 | |
| Land and buildings | 22 | - | €99,582 | +€99,582 | |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €733,036 | €579,183 | -€153,853 | -21.0% |
| Stocks and contracts in progress | 3 | €506,803 | €506,803 | = | 0.0% |
| Stocks | 30/36 | €506,803 | €506,803 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €110,427 | €2,199 | -€108,229 | -98.0% |
| Trade receivables | 40 | €20,050 | €2,199 | -€17,851 | -89.0% |
| Other amounts receivable | 41 | €90,377 | - | -€90,377 | |
| Cash at bank and in hand | 54/58 | €1,733 | €1,691 | -€42 | -2.4% |
| Deferred charges and accrued income | 490/1 | €114,073 | €68,490 | -€45,582 | -40.0% |
| Total equity and liabilities | 10/49 | €1,183,036 | €1,128,765 | -€54,271 | -4.6% |
| Equity | 10/15 | €58,465 | €160 | -€58,305 | -99.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,465 | -€4,840 | -€58,305 | |
| Amounts payable | 17/49 | €1,124,571 | €1,128,605 | +€4,034 | +0.4% |
| Amounts payable after more than one year | 17 | €385,964 | €447,776 | +€61,813 | +16.0% |
| Financial debts | 170/4 | €385,964 | €447,776 | +€61,813 | +16.0% |
| Amounts payable within one year | 42/48 | €735,795 | €677,947 | -€57,847 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €30,818 | €37,511 | +€6,694 | +21.7% |
| Financial debts | 43 | €350,000 | €250,000 | -€100,000 | -28.6% |
| Credit institutions | 430/8 | €350,000 | €250,000 | -€100,000 | -28.6% |
| Trade debts | 44 | €22,286 | €23,867 | +€1,581 | +7.1% |
| Suppliers | 440/4 | €22,286 | €23,867 | +€1,581 | +7.1% |
| Taxes, remuneration and social security | 45 | €13,644 | €17,270 | +€3,625 | +26.6% |
| Taxes | 450/3 | €13,644 | €17,270 | +€3,625 | +26.6% |
| Other amounts payable | 47/48 | €319,047 | €349,300 | +€30,253 | +9.5% |
| Accrued charges and deferred income | 492/3 | €2,812 | €2,881 | +€69 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,918 | +€14,918 | |
| Other operating charges | 640/8 | €15,522 | €13,375 | -€2,147 | -13.8% |
| Gross operating margin | 9900 | €123,534 | €24,485 | -€99,049 | -80.2% |
| Operating profit (loss) | 9901 | €108,012 | -€3,808 | -€111,820 | |
| Financial charges | 65/66B | €37,906 | €54,009 | +€16,103 | +42.5% |
| Recurring financial charges | 65 | €37,906 | €54,009 | +€16,103 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | €70,107 | -€57,816 | -€127,923 | |
| Income taxes | 67/77 | €13,644 | €489 | -€13,156 | -96.4% |
| Profit (loss) for the period | 9904 | €56,462 | -€58,305 | -€114,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,462 | -€58,305 | -€114,767 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.