WALLKO: 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.
WALLKO
Largest movements
- Stocks and contracts +€46,151
up €46,151 (+82.3%), from €56,045 to €102,196
- Tangible fixed assets -€43,153
down €43,153 (-43.2%), from €99,865 to €56,712
of which Other tangible fixed assets: -€27,143
- Receivables within one year +€8,235
up €8,235 (+54.3%), from €15,172 to €23,406
of which Trade receivables: +€8,651
- Reserves +€24,490
up €24,490 (+76.0%), from €32,221 to €56,711
- Other debts -€11,953
down €11,953 (-38.6%), from €30,993 to €19,040
- Accrued charges and deferred income +€8,519
new in 2025: €8,519
- Debts after one year -€7,318
down €7,318 (-8.0%), from €91,307 to €83,989
of which Financial debts: -€19,439
- Current portion of long-term debt +€4,668
up €4,668 (+42.7%), from €10,921 to €15,589
- Depreciation -€42,445
down €42,445 (-66.8%), from €63,569 to €21,124
- Gross operating margin -€36,682
down €36,682 (-36.5%), from €100,400 to €63,718
- Taxes +€7,198
up €7,198 (+166.9%), from €4,312 to €11,510
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 | €184,780 | €196,483 | +€11,703 | +6.3% |
| Fixed assets | 21/28 | €100,951 | €56,712 | -€44,239 | -43.8% |
| Intangible fixed assets | 21 | €1,087 | €0 | -€1,087 | -100.0% |
| Tangible fixed assets | 22/27 | €99,865 | €56,712 | -€43,153 | -43.2% |
| Land and buildings | 22 | €4,942 | €8,563 | +€3,622 | +73.3% |
| Plant, machinery and equipment | 23 | €14,615 | €10,231 | -€4,384 | -30.0% |
| Furniture and vehicles | 24 | €53,165 | €37,918 | -€15,247 | -28.7% |
| Other tangible fixed assets | 26 | €27,143 | €0 | -€27,143 | -100.0% |
| Current assets | 29/58 | €83,829 | €139,771 | +€55,942 | +66.7% |
| Stocks and contracts in progress | 3 | €56,045 | €102,196 | +€46,151 | +82.3% |
| Stocks | 30/36 | €56,045 | €102,196 | +€46,151 | +82.3% |
| Amounts receivable within one year | 40/41 | €15,172 | €23,406 | +€8,235 | +54.3% |
| Trade receivables | 40 | €14,756 | €23,406 | +€8,651 | +58.6% |
| Other amounts receivable | 41 | €416 | €0 | -€416 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,806 | €11,732 | +€1,926 | +19.6% |
| Deferred charges and accrued income | 490/1 | €2,806 | €2,437 | -€369 | -13.1% |
| Total equity and liabilities | 10/49 | €184,780 | €196,483 | +€11,703 | +6.3% |
| Equity | 10/15 | €35,221 | €59,711 | +€24,490 | +69.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,221 | €56,711 | +€24,490 | +76.0% |
| Distributable reserves | 133 | €32,221 | €56,711 | +€24,490 | +76.0% |
| Amounts payable | 17/49 | €149,559 | €136,773 | -€12,787 | -8.5% |
| Amounts payable after more than one year | 17 | €91,307 | €83,989 | -€7,318 | -8.0% |
| Financial debts | 170/4 | €41,078 | €21,639 | -€19,439 | -47.3% |
| Other amounts payable | 178/9 | €50,230 | €62,351 | +€12,121 | +24.1% |
| Amounts payable within one year | 42/48 | €58,252 | €44,265 | -€13,987 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €10,921 | €15,589 | +€4,668 | +42.7% |
| Financial debts | 43 | €775 | €1,470 | +€696 | +89.8% |
| Credit institutions | 430/8 | €775 | €1,470 | +€696 | +89.8% |
| Trade debts | 44 | €5,554 | €1,225 | -€4,329 | -78.0% |
| Suppliers | 440/4 | €5,554 | €1,225 | -€4,329 | -78.0% |
| Advances received on contracts in progress | 46 | - | €917 | +€917 | |
| Taxes, remuneration and social security | 45 | €10,009 | €6,025 | -€3,984 | -39.8% |
| Taxes | 450/3 | €10,009 | €6,025 | -€3,984 | -39.8% |
| Other amounts payable | 47/48 | €30,993 | €19,040 | -€11,953 | -38.6% |
| Accrued charges and deferred income | 492/3 | - | €8,519 | +€8,519 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,569 | €21,124 | -€42,445 | -66.8% |
| Other operating charges | 640/8 | €893 | €878 | -€15 | -1.7% |
| Non-recurring operating charges | 66A | €19,761 | €0 | -€19,761 | -100.0% |
| Gross operating margin | 9900 | €100,400 | €63,718 | -€36,682 | -36.5% |
| Operating profit (loss) | 9901 | €16,176 | €41,716 | +€25,539 | +157.9% |
| Financial income | 75/76B | €29 | €5 | -€24 | -82.5% |
| Recurring financial income | 75 | €29 | €5 | -€24 | -82.5% |
| Financial charges | 65/66B | €5,501 | €5,720 | +€219 | +4.0% |
| Recurring financial charges | 65 | €5,501 | €5,720 | +€219 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €10,704 | €36,000 | +€25,296 | +236.3% |
| Income taxes | 67/77 | €4,312 | €11,510 | +€7,198 | +166.9% |
| Profit (loss) for the period | 9904 | €6,392 | €24,490 | +€18,098 | +283.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,392 | €24,490 | +€18,098 | +283.1% |
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 3 October 2026 via checked.be.