Wallpac: 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.
Wallpac
Largest movements
- Stocks and contracts -€6,075
down €6,075 (-50.6%), from €12,005 to €5,930
- Financial fixed assets -€3,750
no longer reported in 2025 (was €3,750)
- Cash +€3,209
up €3,209 (+10.8%), from €29,846 to €33,055
mainly Stocks and contracts (+€6,075) and Investment in fixed assets (net) (+€3,750)
- Tangible fixed assets -€2,067
down €2,067 (-52.7%), from €3,921 to €1,854
- Receivables within one year +€1,760
up €1,760 (+248.6%), from €708 to €2,468
of which Trade receivables: +€2,465
- Profit (loss) carried forward -€7,454
down €7,454 (-14.9%), from -€50,068 to -€57,521
- Trade debts +€615
new in 2025: €615
- Gross operating margin +€42,011
up €42,011 (+88.7%), from -€47,337 to -€5,326
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 | €50,229 | €43,306 | -€6,924 | -13.8% |
| Fixed assets | 21/28 | €7,671 | €1,854 | -€5,817 | -75.8% |
| Tangible fixed assets | 22/27 | €3,921 | €1,854 | -€2,067 | -52.7% |
| Plant, machinery and equipment | 23 | €3,921 | €1,854 | -€2,067 | -52.7% |
| Financial fixed assets | 28 | €3,750 | - | -€3,750 | |
| Current assets | 29/58 | €42,559 | €41,452 | -€1,106 | -2.6% |
| Stocks and contracts in progress | 3 | €12,005 | €5,930 | -€6,075 | -50.6% |
| Stocks | 30/36 | €12,005 | €5,930 | -€6,075 | -50.6% |
| Amounts receivable within one year | 40/41 | €708 | €2,468 | +€1,760 | +248.6% |
| Trade receivables | 40 | - | €2,465 | +€2,465 | |
| Other amounts receivable | 41 | €708 | €3 | -€705 | -99.6% |
| Cash at bank and in hand | 54/58 | €29,846 | €33,055 | +€3,209 | +10.8% |
| Total equity and liabilities | 10/49 | €50,229 | €43,306 | -€6,924 | -13.8% |
| Equity | 10/15 | €49,932 | €42,479 | -€7,454 | -14.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,068 | -€57,521 | -€7,454 | -14.9% |
| Amounts payable | 17/49 | €297 | €827 | +€530 | +178.3% |
| Amounts payable within one year | 42/48 | €297 | €827 | +€530 | +178.3% |
| Trade debts | 44 | - | €615 | +€615 | |
| Suppliers | 440/4 | - | €615 | +€615 | |
| Taxes, remuneration and social security | 45 | - | €115 | +€115 | |
| Taxes | 450/3 | - | €115 | +€115 | |
| Other amounts payable | 47/48 | €297 | €97 | -€200 | -67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,281 | €2,067 | -€213 | -9.4% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€47,337 | -€5,326 | +€42,011 | +88.7% |
| Operating profit (loss) | 9901 | -€50,005 | -€7,393 | +€42,612 | +85.2% |
| Financial income | 75/76B | €7 | €36 | +€28 | +388.3% |
| Recurring financial income | 75 | €7 | €36 | +€28 | +388.3% |
| Financial charges | 65/66B | €70 | €96 | +€26 | +36.9% |
| Recurring financial charges | 65 | €70 | €96 | +€26 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | -€50,068 | -€7,454 | +€42,614 | +85.1% |
| Profit (loss) for the period | 9904 | -€50,068 | -€7,454 | +€42,614 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,068 | -€7,454 | +€42,614 | +85.1% |
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 2 October 2026 via checked.be.