WALL & HILL: 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.
WALL & HILL
Largest movements
- Current investments +€60,000
up €60,000, from €0 to €60,000
- Cash -€33,989
down €33,989 (-77.8%), from €43,689 to €9,700
mainly Current investments (-€60,000) and Contributions, distributions and other (-€16,558)
- Receivables within one year -€8,488
down €8,488 (-77.9%), from €10,891 to €2,403
of which Trade receivables: -€6,606
- Tangible fixed assets -€8,211
down €8,211 (-26.3%), from €31,232 to €23,021
of which Furniture and vehicles: -€4,863
- Reserves +€7,029
up €7,029 (+10.8%), from €64,884 to €71,913
- Tax, wage and social debts +€4,120
up €4,120 (+1,003%), from €411 to €4,531
- Trade debts -€2,642
down €2,642 (-81.4%), from €3,244 to €602
- Gross operating margin -€10,738
down €10,738 (-19.2%), from €55,895 to €45,156
- Taxes +€2,589
up €2,589 (+631%), from €411 to €3,000
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.
Derived cash bridge
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 | €87,139 | €95,646 | +€8,507 | +9.8% |
| Fixed assets | 21/28 | €31,232 | €23,021 | -€8,211 | -26.3% |
| Tangible fixed assets | 22/27 | €31,232 | €23,021 | -€8,211 | -26.3% |
| Plant, machinery and equipment | 23 | €6,631 | €3,282 | -€3,348 | -50.5% |
| Furniture and vehicles | 24 | €24,601 | €19,739 | -€4,863 | -19.8% |
| Current assets | 29/58 | €55,907 | €72,626 | +€16,719 | +29.9% |
| Amounts receivable within one year | 40/41 | €10,891 | €2,403 | -€8,488 | -77.9% |
| Trade receivables | 40 | €8,874 | €2,268 | -€6,606 | -74.4% |
| Other amounts receivable | 41 | €2,017 | €135 | -€1,882 | -93.3% |
| Current investments | 50/53 | €0 | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €43,689 | €9,700 | -€33,989 | -77.8% |
| Deferred charges and accrued income | 490/1 | €1,327 | €522 | -€805 | -60.6% |
| Total equity and liabilities | 10/49 | €87,139 | €95,646 | +€8,507 | +9.8% |
| Equity | 10/15 | €83,484 | €90,513 | +€7,029 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,884 | €71,913 | +€7,029 | +10.8% |
| Distributable reserves | 133 | €64,884 | €71,913 | +€7,029 | +10.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,655 | €5,133 | +€1,479 | +40.5% |
| Amounts payable within one year | 42/48 | €3,655 | €5,133 | +€1,479 | +40.5% |
| Trade debts | 44 | €3,244 | €602 | -€2,642 | -81.4% |
| Suppliers | 440/4 | €3,244 | €602 | -€2,642 | -81.4% |
| Taxes, remuneration and social security | 45 | €411 | €4,531 | +€4,120 | +1,003% |
| Taxes | 450/3 | €411 | €4,531 | +€4,120 | +1,003% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €34,000 | +€34,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,234 | €17,897 | -€337 | -1.8% |
| Other operating charges | 640/8 | €1,126 | €807 | -€319 | -28.3% |
| Gross operating margin | 9900 | €55,895 | €45,156 | -€10,738 | -19.2% |
| Operating profit (loss) | 9901 | €36,535 | €26,453 | -€10,082 | -27.6% |
| Financial income | 75/76B | €391 | €209 | -€182 | -46.5% |
| Recurring financial income | 75 | €391 | €209 | -€182 | -46.5% |
| Financial charges | 65/66B | €12 | €75 | +€63 | +506% |
| Recurring financial charges | 65 | €12 | €75 | +€63 | +506% |
| Profit (loss) for the period before taxes | 9903 | €36,914 | €26,587 | -€10,327 | -28.0% |
| Income taxes | 67/77 | €411 | €3,000 | +€2,589 | +631% |
| Profit (loss) for the period | 9904 | €36,503 | €23,587 | -€12,916 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,503 | €23,587 | -€12,916 | -35.4% |
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 27 October 2026 via checked.be.