WALL STREET: 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 STREET
Largest movements
- Receivables within one year -€114,648
down €114,648 (-94.9%), from €120,846 to €6,198
of which Trade receivables: -€107,085
- Deferred charges and accrued income -€27,397
no longer reported in 2025 (was €27,397)
- Stocks and contracts -€10,000
no longer reported in 2025 (was €10,000)
- Tangible fixed assets +€9,600
up €9,600 (+22.0%), from €43,602 to €53,202
of which Furniture and vehicles: +€9,905
- Profit (loss) carried forward -€139,690
down €139,690, from €59,568 to -€80,122
- Trade debts -€4,494
down €4,494 (-70.2%), from €6,404 to €1,910
- Gross operating margin -€24,264
down €24,264, from €17,989 to -€6,275
- Other operating charges +€12,663
up €12,663 (+241%), from €5,261 to €17,924
- Depreciation +€5,479
up €5,479 (+44.5%), from €12,317 to €17,796
- Financial charges +€1,978
up €1,978 (+12.3%), from €16,043 to €18,020
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 | €209,837 | €65,615 | -€144,222 | -68.7% |
| Fixed assets | 21/28 | €43,602 | €53,202 | +€9,600 | +22.0% |
| Tangible fixed assets | 22/27 | €43,602 | €53,202 | +€9,600 | +22.0% |
| Plant, machinery and equipment | 23 | €4,575 | €4,270 | -€305 | -6.7% |
| Furniture and vehicles | 24 | €39,027 | €48,932 | +€9,905 | +25.4% |
| Current assets | 29/58 | €166,235 | €12,413 | -€153,822 | -92.5% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Stocks | 30/36 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €120,846 | €6,198 | -€114,648 | -94.9% |
| Trade receivables | 40 | €111,751 | €4,666 | -€107,085 | -95.8% |
| Other amounts receivable | 41 | €9,095 | €1,532 | -€7,563 | -83.2% |
| Cash at bank and in hand | 54/58 | €7,993 | €6,215 | -€1,778 | -22.2% |
| Deferred charges and accrued income | 490/1 | €27,397 | - | -€27,397 | |
| Total equity and liabilities | 10/49 | €209,837 | €65,615 | -€144,222 | -68.7% |
| Equity | 10/15 | €78,118 | -€61,572 | -€139,690 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,568 | -€80,122 | -€139,690 | |
| Amounts payable | 17/49 | €131,719 | €127,188 | -€4,532 | -3.4% |
| Amounts payable within one year | 42/48 | €131,719 | €127,188 | -€4,532 | -3.4% |
| Trade debts | 44 | €6,404 | €1,910 | -€4,494 | -70.2% |
| Suppliers | 440/4 | €6,404 | €1,910 | -€4,494 | -70.2% |
| Taxes, remuneration and social security | 45 | €6 | - | -€6 | |
| Taxes | 450/3 | €6 | - | -€6 | |
| Other amounts payable | 47/48 | €125,309 | €125,278 | -€31 | 0.0% |
| Non-recurring operating income | 76A | - | €750 | +€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,317 | €17,796 | +€5,479 | +44.5% |
| Other operating charges | 640/8 | €5,261 | €17,924 | +€12,663 | +241% |
| Non-recurring operating charges | 66A | - | €79,675 | +€79,675 | |
| Gross operating margin | 9900 | €17,989 | -€6,275 | -€24,264 | |
| Operating profit (loss) | 9901 | €412 | -€121,670 | -€122,082 | |
| Financial income | 75/76B | €60 | - | -€60 | |
| Recurring financial income | 75 | €60 | - | -€60 | |
| Financial charges | 65/66B | €16,043 | €18,020 | +€1,978 | +12.3% |
| Recurring financial charges | 65 | €16,043 | €18,020 | +€1,978 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,571 | -€139,690 | -€124,119 | -797% |
| Profit (loss) for the period | 9904 | -€15,571 | -€139,690 | -€124,119 | -797% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,571 | -€139,690 | -€124,119 | -797% |
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.