WALLRUS: 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.
WALLRUS
Largest movements
- Cash +€129,645
up €129,645 (+108.1%), from €119,965 to €249,610
mainly Net result for the year (+€179,528) and Trade debts (+€40,294)
- Current investments +€30,542
new in 2025: €30,542
- Receivables within one year +€16,163
up €16,163 (+14.6%), from €110,715 to €126,878
of which Trade receivables: +€8,340
- Tangible fixed assets -€7,303
down €7,303 (-4.8%), from €151,387 to €144,084
of which Furniture and vehicles: -€15,130
- Reserves +€157,028
up €157,028 (+61.5%), from €255,384 to €412,412
of which Tax-exempt reserves: +€84,200
- Trade debts +€40,294
up €40,294 (+215.1%), from €18,734 to €59,028
- Short-term financial debts -€18,000
down €18,000 (-100.0%), from €18,000 to €0
- Debts after one year -€15,165
down €15,165 (-28.4%), from €53,408 to €38,242
- Gross operating margin +€191,906
up €191,906 (+113.4%), from €169,159 to €361,065
- Taxes +€45,210
up €45,210 (+187.5%), from €24,109 to €69,319
- Staff costs +€13,585
up €13,585 (+24.6%), from €55,139 to €68,724
- Depreciation +€6,307
up €6,307 (+22.8%), from €27,658 to €33,966
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 | €402,316 | €569,307 | +€166,991 | +41.5% |
| Fixed assets | 21/28 | €170,317 | €159,414 | -€10,903 | -6.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €151,387 | €144,084 | -€7,303 | -4.8% |
| Plant, machinery and equipment | 23 | €6,301 | €21,264 | +€14,962 | +237.4% |
| Furniture and vehicles | 24 | €78,941 | €63,812 | -€15,130 | -19.2% |
| Other tangible fixed assets | 26 | €66,144 | €59,009 | -€7,135 | -10.8% |
| Financial fixed assets | 28 | €18,930 | €15,330 | -€3,600 | -19.0% |
| Current assets | 29/58 | €231,999 | €409,892 | +€177,894 | +76.7% |
| Amounts receivable within one year | 40/41 | €110,715 | €126,878 | +€16,163 | +14.6% |
| Trade receivables | 40 | €110,715 | €119,055 | +€8,340 | +7.5% |
| Other amounts receivable | 41 | €0 | €7,824 | +€7,824 | |
| Current investments | 50/53 | - | €30,542 | +€30,542 | |
| Cash at bank and in hand | 54/58 | €119,965 | €249,610 | +€129,645 | +108.1% |
| Deferred charges and accrued income | 490/1 | €1,318 | €2,862 | +€1,544 | +117.1% |
| Total equity and liabilities | 10/49 | €402,316 | €569,307 | +€166,991 | +41.5% |
| Equity | 10/15 | €273,984 | €431,012 | +€157,028 | +57.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €255,384 | €412,412 | +€157,028 | +61.5% |
| Tax-exempt reserves | 132 | €1,991 | €86,191 | +€84,200 | +4229.4% |
| Distributable reserves | 133 | €253,393 | €326,221 | +€72,828 | +28.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €128,332 | €138,294 | +€9,963 | +7.8% |
| Amounts payable after more than one year | 17 | €53,408 | €38,242 | -€15,165 | -28.4% |
| Financial debts | 170/4 | €53,408 | €38,242 | -€15,165 | -28.4% |
| Amounts payable within one year | 42/48 | €74,674 | €99,854 | +€25,180 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €14,478 | €15,165 | +€687 | +4.7% |
| Financial debts | 43 | €18,000 | €0 | -€18,000 | -100.0% |
| Credit institutions | 430/8 | €18,000 | €0 | -€18,000 | -100.0% |
| Trade debts | 44 | €18,734 | €59,028 | +€40,294 | +215.1% |
| Suppliers | 440/4 | €18,734 | €59,028 | +€40,294 | +215.1% |
| Taxes, remuneration and social security | 45 | €14,210 | €19,676 | +€5,466 | +38.5% |
| Taxes | 450/3 | €6,560 | €8,068 | +€1,509 | +23.0% |
| Remuneration and social security | 454/9 | €7,651 | €11,608 | +€3,957 | +51.7% |
| Other amounts payable | 47/48 | €9,252 | €5,985 | -€3,267 | -35.3% |
| Accrued charges and deferred income | 492/3 | €250 | €198 | -€52 | -20.8% |
| Remuneration, social security and pensions | 62 | €55,139 | €68,724 | +€13,585 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,658 | €33,966 | +€6,307 | +22.8% |
| Other operating charges | 640/8 | €2,547 | €4,653 | +€2,106 | +82.7% |
| Gross operating margin | 9900 | €169,159 | €361,065 | +€191,906 | +113.4% |
| Operating profit (loss) | 9901 | €83,815 | €253,723 | +€169,908 | +202.7% |
| Financial income | 75/76B | €3,610 | €1,127 | -€2,483 | -68.8% |
| Recurring financial income | 75 | €3,610 | €1,127 | -€2,483 | -68.8% |
| Financial charges | 65/66B | €4,475 | €6,003 | +€1,527 | +34.1% |
| Recurring financial charges | 65 | €4,475 | €6,003 | +€1,527 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | €82,950 | €248,847 | +€165,897 | +200.0% |
| Income taxes | 67/77 | €24,109 | €69,319 | +€45,210 | +187.5% |
| Profit (loss) for the period | 9904 | €58,841 | €179,528 | +€120,688 | +205.1% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,841 | €95,328 | +€36,488 | +62.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.