WALLMED: 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.
WALLMED
Largest movements
- Cash +€38,558
up €38,558 (+19.9%), from €193,281 to €231,838
mainly Net result for the year (+€92,289) and Other debts (+€68,081)
- Tangible fixed assets -€11,603
down €11,603 (-39.8%), from €29,159 to €17,556
of which Furniture and vehicles: -€7,698
- Other debts +€68,081
up €68,081 (+102.5%), from €66,409 to €134,491
- Reserves -€38,238
down €38,238 (-34.6%), from €110,527 to €72,289
- Trade debts -€14,094
no longer reported in 2025 (was €14,094)
- Tax, wage and social debts +€11,714
up €11,714 (+41.0%), from €28,578 to €40,291
of which Taxes: +€21,415
- Gross operating margin +€57,359
up €57,359 (+54.1%), from €105,948 to €163,307
- Taxes +€21,415
up €21,415 (+140.0%), from €15,298 to €36,713
- Depreciation +€5,296
up €5,296 (+84.0%), from €6,307 to €11,603
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 | €222,608 | €250,071 | +€27,463 | +12.3% |
| Fixed assets | 21/28 | €29,159 | €18,056 | -€11,103 | -38.1% |
| Tangible fixed assets | 22/27 | €29,159 | €17,556 | -€11,603 | -39.8% |
| Plant, machinery and equipment | 23 | €8,337 | €4,432 | -€3,905 | -46.8% |
| Furniture and vehicles | 24 | €20,823 | €13,125 | -€7,698 | -37.0% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €193,449 | €232,014 | +€38,566 | +19.9% |
| Cash at bank and in hand | 54/58 | €193,281 | €231,838 | +€38,558 | +19.9% |
| Deferred charges and accrued income | 490/1 | €168 | €176 | +€8 | +4.9% |
| Total equity and liabilities | 10/49 | €222,608 | €250,071 | +€27,463 | +12.3% |
| Equity | 10/15 | €113,527 | €75,289 | -€38,238 | -33.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €110,527 | €72,289 | -€38,238 | -34.6% |
| Distributable reserves | 133 | €110,527 | €72,289 | -€38,238 | -34.6% |
| Amounts payable | 17/49 | €109,081 | €174,782 | +€65,701 | +60.2% |
| Amounts payable within one year | 42/48 | €109,081 | €174,782 | +€65,701 | +60.2% |
| Trade debts | 44 | €14,094 | - | -€14,094 | |
| Suppliers | 440/4 | €14,094 | - | -€14,094 | |
| Taxes, remuneration and social security | 45 | €28,578 | €40,291 | +€11,714 | +41.0% |
| Taxes | 450/3 | €15,298 | €36,713 | +€21,415 | +140.0% |
| Remuneration and social security | 454/9 | €13,280 | €3,578 | -€9,702 | -73.1% |
| Other amounts payable | 47/48 | €66,409 | €134,491 | +€68,081 | +102.5% |
| Remuneration, social security and pensions | 62 | €21,229 | €21,631 | +€402 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,307 | €11,603 | +€5,296 | +84.0% |
| Other operating charges | 640/8 | €120 | €1,071 | +€951 | +789.2% |
| Non-recurring operating charges | 66A | €6,741 | - | -€6,741 | |
| Gross operating margin | 9900 | €105,948 | €163,307 | +€57,359 | +54.1% |
| Operating profit (loss) | 9901 | €71,551 | €129,002 | +€57,451 | +80.3% |
| Profit (loss) for the period before taxes | 9903 | €71,551 | €129,002 | +€57,451 | +80.3% |
| Income taxes | 67/77 | €15,298 | €36,713 | +€21,415 | +140.0% |
| Profit (loss) for the period | 9904 | €56,253 | €92,289 | +€36,035 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,253 | €92,289 | +€36,035 | +64.1% |
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 29 September 2026 via checked.be.