OFF THE WALL: 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.
OFF THE WALL
Largest movements
- Tangible fixed assets +€25,204
up €25,204 (+511.3%), from €4,930 to €30,134
of which Furniture and vehicles: +€25,707
- Receivables within one year -€8,885
down €8,885 (-57.1%), from €15,552 to €6,667
of which Trade receivables: -€5,968
- Cash -€3,533
down €3,533 (-13.4%), from €26,369 to €22,835
mainly Investment in fixed assets (net) (-€31,366) and Other debts (-€13,558)
- Formation expenses -€2,478
down €2,478 (-100.0%), from €2,478 to €0
- Other debts -€13,558
down €13,558 (-75.3%), from €18,000 to €4,442
- Reserves +€11,968
up €11,968 (+61.8%), from €19,366 to €31,334
- Tax, wage and social debts +€7,936
up €7,936 (+129.7%), from €6,116 to €14,052
of which Taxes: +€5,936
- Trade debts +€3,949
up €3,949 (+213.8%), from €1,847 to €5,796
- Gross operating margin -€20,094
down €20,094 (-44.6%), from €45,044 to €24,950
- Depreciation +€6,639
up €6,639 (+331.7%), from €2,001 to €8,641
- Taxes -€1,668
down €1,668 (-32.7%), from €5,100 to €3,433
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 | €49,329 | €59,746 | +€10,417 | +21.1% |
| Formation expenses | 20 | €2,478 | €0 | -€2,478 | -100.0% |
| Fixed assets | 21/28 | €4,930 | €30,134 | +€25,203 | +511.2% |
| Intangible fixed assets | 21 | €1 | €0 | -€1 | -100.0% |
| Tangible fixed assets | 22/27 | €4,930 | €30,134 | +€25,204 | +511.3% |
| Plant, machinery and equipment | 23 | €2,400 | €1,897 | -€503 | -21.0% |
| Furniture and vehicles | 24 | €1,530 | €27,237 | +€25,707 | +1680.1% |
| Other tangible fixed assets | 26 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €41,921 | €29,612 | -€12,308 | -29.4% |
| Amounts receivable within one year | 40/41 | €15,552 | €6,667 | -€8,885 | -57.1% |
| Trade receivables | 40 | €12,635 | €6,667 | -€5,968 | -47.2% |
| Other amounts receivable | 41 | €2,917 | €0 | -€2,917 | -100.0% |
| Cash at bank and in hand | 54/58 | €26,369 | €22,835 | -€3,533 | -13.4% |
| Deferred charges and accrued income | 490/1 | - | €110 | +€110 | |
| Total equity and liabilities | 10/49 | €49,329 | €59,746 | +€10,417 | +21.1% |
| Equity | 10/15 | €23,366 | €35,334 | +€11,968 | +51.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €19,366 | €31,334 | +€11,968 | +61.8% |
| Distributable reserves | 133 | €19,366 | €31,334 | +€11,968 | +61.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,963 | €24,412 | -€1,551 | -6.0% |
| Amounts payable within one year | 42/48 | €25,963 | €24,290 | -€1,673 | -6.4% |
| Trade debts | 44 | €1,847 | €5,796 | +€3,949 | +213.8% |
| Suppliers | 440/4 | €1,847 | €5,796 | +€3,949 | +213.8% |
| Taxes, remuneration and social security | 45 | €6,116 | €14,052 | +€7,936 | +129.7% |
| Taxes | 450/3 | €6,116 | €12,052 | +€5,936 | +97.0% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €18,000 | €4,442 | -€13,558 | -75.3% |
| Accrued charges and deferred income | 492/3 | - | €122 | +€122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,001 | €8,641 | +€6,639 | +331.7% |
| Other operating charges | 640/8 | €542 | €713 | +€171 | +31.6% |
| Gross operating margin | 9900 | €45,044 | €24,950 | -€20,094 | -44.6% |
| Operating profit (loss) | 9901 | €42,501 | €15,597 | -€26,904 | -63.3% |
| Financial income | 75/76B | €0 | €123 | +€123 | +1225700.0% |
| Recurring financial income | 75 | €0 | €123 | +€123 | +1225700.0% |
| Financial charges | 65/66B | €35 | €318 | +€283 | +809.4% |
| Recurring financial charges | 65 | €35 | €318 | +€283 | +809.4% |
| Profit (loss) for the period before taxes | 9903 | €42,466 | €15,401 | -€27,065 | -63.7% |
| Income taxes | 67/77 | €5,100 | €3,433 | -€1,668 | -32.7% |
| Profit (loss) for the period | 9904 | €37,366 | €11,968 | -€25,397 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,366 | €11,968 | -€25,397 | -68.0% |
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 7 October 2026 via checked.be.