WALLPIP: 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.
WALLPIP
Largest movements
- Financial fixed assets +€2.4m
new in 2025: €2.4m
- Cash +€62,241
up €62,241 (+539.6%), from €11,535 to €73,776
mainly Debts after one year (+€1.6m) and Short-term financial debts (+€400,000)
- Debts after one year +€1.6m
new in 2025: €1.6m
- Short-term financial debts +€400,000
up €400,000, from €0 to €400,000
- Contributions +€300,000
up €300,000 (+15000.0%), from €2,000 to €302,000
- Current portion of long-term debt +€168,410
new in 2025: €168,410
- Reserves -€44,391
down €44,391 (-91.6%), from €48,441 to €4,050
- Gross operating margin -€56,367
down €56,367, from €37,167 to -€19,199
- Financial charges +€23,046
up €23,046 (+2029.2%), from €1,136 to €24,182
- Taxes -€9,753
down €9,753 (-100.0%), from €9,753 to €0
- Financial income -€3,255
down €3,255 (-91.2%), from €3,569 to €313
- Other operating charges +€735
up €735 (+125.0%), from €588 to €1,323
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 | €53,549 | €2,528,978 | +€2.5m | +4622.7% |
| Fixed assets | 21/28 | - | €2,400,000 | +€2.4m | |
| Financial fixed assets | 28 | - | €2,400,000 | +€2.4m | |
| Current assets | 29/58 | €53,549 | €128,978 | +€75,429 | +140.9% |
| Stocks and contracts in progress | 3 | €11,489 | €0 | -€11,489 | -100.0% |
| Stocks | 30/36 | €11,489 | €0 | -€11,489 | -100.0% |
| Amounts receivable within one year | 40/41 | €30,525 | €55,202 | +€24,677 | +80.8% |
| Trade receivables | 40 | €14,576 | €23,982 | +€9,406 | +64.5% |
| Other amounts receivable | 41 | €15,949 | €31,220 | +€15,271 | +95.8% |
| Cash at bank and in hand | 54/58 | €11,535 | €73,776 | +€62,241 | +539.6% |
| Total equity and liabilities | 10/49 | €53,549 | €2,528,978 | +€2.5m | +4622.7% |
| Equity | 10/15 | €50,441 | €306,050 | +€255,609 | +506.7% |
| Contributions | 10/11 | €2,000 | €302,000 | +€300,000 | +15000.0% |
| Reserves | 13 | €48,441 | €4,050 | -€44,391 | -91.6% |
| Distributable reserves | 133 | €48,441 | €4,050 | -€44,391 | -91.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,108 | €2,222,928 | +€2.2m | +71417.0% |
| Amounts payable after more than one year | 17 | - | €1,618,885 | +€1.6m | |
| Financial debts | 170/4 | - | €1,618,885 | +€1.6m | |
| Amounts payable within one year | 42/48 | €3,108 | €600,335 | +€597,227 | +19214.3% |
| Current portion of amounts payable after more than one year | 42 | - | €168,410 | +€168,410 | |
| Financial debts | 43 | €0 | €400,000 | +€400,000 | |
| Credit institutions | 430/8 | €0 | €400,000 | +€400,000 | |
| Trade debts | 44 | €296 | €17,043 | +€16,746 | +5648.9% |
| Suppliers | 440/4 | €296 | €17,043 | +€16,746 | +5648.9% |
| Taxes, remuneration and social security | 45 | €87 | €10,734 | +€10,647 | +12229.3% |
| Taxes | 450/3 | €87 | €10,734 | +€10,647 | +12229.3% |
| Other amounts payable | 47/48 | €2,725 | €4,149 | +€1,424 | +52.3% |
| Accrued charges and deferred income | 492/3 | - | €3,708 | +€3,708 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €588 | €1,323 | +€735 | +125.0% |
| Gross operating margin | 9900 | €37,167 | -€19,199 | -€56,367 | |
| Operating profit (loss) | 9901 | €36,579 | -€20,522 | -€57,102 | |
| Financial income | 75/76B | €3,569 | €313 | -€3,255 | -91.2% |
| Recurring financial income | 75 | €3,569 | €313 | -€3,255 | -91.2% |
| Financial charges | 65/66B | €1,136 | €24,182 | +€23,046 | +2029.2% |
| Recurring financial charges | 65 | €1,136 | €24,182 | +€23,046 | +2029.2% |
| Profit (loss) for the period before taxes | 9903 | €39,012 | -€44,391 | -€83,403 | |
| Income taxes | 67/77 | €9,753 | €0 | -€9,753 | -100.0% |
| Profit (loss) for the period | 9904 | €29,259 | -€44,391 | -€73,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,259 | -€44,391 | -€73,650 |
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 12 October 2026 via checked.be.