Wall Recordings: 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 Recordings
Largest movements
- Deferred charges and accrued income +€43,166
up €43,166 (+335%), from €12,891 to €56,056
- Receivables within one year +€24,366
up €24,366 (+9.8%), from €249,541 to €273,907
of which Trade receivables: +€141,890
- Profit (loss) carried forward -€292,998
down €292,998 (-69.1%), from -€423,898 to -€716,896
- Other debts +€232,157
up €232,157 (+62.1%), from €373,705 to €605,863
- Trade debts +€125,810
up €125,810 (+37.4%), from €336,793 to €462,603
- Gross operating margin -€205,191
down €205,191 (-258%), from -€79,467 to -€284,658
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 | €287,773 | €352,569 | +€64,796 | +22.5% |
| Fixed assets | 21/28 | €10,173 | €7,567 | -€2,606 | -25.6% |
| Intangible fixed assets | 21 | €3,471 | €1,951 | -€1,520 | -43.8% |
| Tangible fixed assets | 22/27 | €6,702 | €5,616 | -€1,086 | -16.2% |
| Plant, machinery and equipment | 23 | €6,702 | €5,616 | -€1,086 | -16.2% |
| Current assets | 29/58 | €277,600 | €345,002 | +€67,402 | +24.3% |
| Amounts receivable within one year | 40/41 | €249,541 | €273,907 | +€24,366 | +9.8% |
| Trade receivables | 40 | €128,383 | €270,273 | +€141,890 | +111% |
| Other amounts receivable | 41 | €121,158 | €3,634 | -€117,524 | -97.0% |
| Cash at bank and in hand | 54/58 | €15,168 | €15,039 | -€130 | -0.9% |
| Deferred charges and accrued income | 490/1 | €12,891 | €56,056 | +€43,166 | +335% |
| Total equity and liabilities | 10/49 | €287,773 | €352,569 | +€64,796 | +22.5% |
| Equity | 10/15 | -€422,898 | -€715,896 | -€292,998 | -69.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€423,898 | -€716,896 | -€292,998 | -69.1% |
| Amounts payable | 17/49 | €710,671 | €1,068,465 | +€357,794 | +50.3% |
| Amounts payable within one year | 42/48 | €710,671 | €1,068,465 | +€357,794 | +50.3% |
| Financial debts | 43 | €22 | €0 | -€22 | -100% |
| Credit institutions | 430/8 | €22 | €0 | -€22 | -100% |
| Trade debts | 44 | €336,793 | €462,603 | +€125,810 | +37.4% |
| Suppliers | 440/4 | €336,793 | €462,603 | +€125,810 | +37.4% |
| Advances received on contracts in progress | 46 | €151 | €0 | -€151 | -100% |
| Other amounts payable | 47/48 | €373,705 | €605,863 | +€232,157 | +62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,183 | €4,748 | +€1,565 | +49.2% |
| Other operating charges | 640/8 | €505 | €1,821 | +€1,315 | +260% |
| Gross operating margin | 9900 | -€79,467 | -€284,658 | -€205,191 | -258% |
| Operating profit (loss) | 9901 | -€83,155 | -€291,227 | -€208,072 | -250% |
| Financial income | 75/76B | €0 | €94 | +€94 | |
| Recurring financial income | 75 | €0 | €94 | +€94 | |
| Financial charges | 65/66B | €4,392 | €1,865 | -€2,527 | -57.5% |
| Recurring financial charges | 65 | €4,392 | €1,865 | -€2,527 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | -€87,547 | -€292,998 | -€205,451 | -235% |
| Profit (loss) for the period | 9904 | -€87,547 | -€292,998 | -€205,451 | -235% |
| Profit (loss) for the period to be appropriated | 9905 | -€87,547 | -€292,998 | -€205,451 | -235% |
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 15 October 2026 via checked.be.