WALL STYLE CREATION: 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 STYLE CREATION
Largest movements
- Receivables within one year -€60,576
down €60,576 (-26.3%), from €230,310 to €169,733
of which Trade receivables: -€66,447
- Tangible fixed assets -€15,498
down €15,498 (-9.0%), from €171,807 to €156,310
of which Land and buildings: -€12,891
- Cash +€15,449
up €15,449 (+1,983%), from €779 to €16,228
mainly Receivables within one year (+€60,576) and Depreciation (+€16,094)
- Other debts -€20,498
no longer reported in 2025 (was €20,498)
- Debts after one year -€12,567
down €12,567 (-9.7%), from €130,012 to €117,444
- Profit (loss) carried forward -€11,750
down €11,750 (-36.8%), from €31,887 to €20,137
- Trade debts -€5,319
down €5,319 (-4.2%), from €126,775 to €121,457
- Tax, wage and social debts -€4,662
down €4,662 (-39.6%), from €11,778 to €7,116
of which Remuneration and social security: -€10,667
- Depreciation -€8,236
down €8,236 (-33.9%), from €24,331 to €16,094
- Financial charges +€6,383
up €6,383 (+64.3%), from €9,924 to €16,307
- Gross operating margin +€3,350
up €3,350 (+9.0%), from €37,063 to €40,413
- Staff costs -€2,033
down €2,033 (-18.2%), from €11,200 to €9,167
- Taxes +€1,137
up €1,137 (+40.3%), from €2,821 to €3,958
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 | €411,177 | €350,996 | -€60,181 | -14.6% |
| Fixed assets | 21/28 | €171,807 | €156,310 | -€15,498 | -9.0% |
| Tangible fixed assets | 22/27 | €171,807 | €156,310 | -€15,498 | -9.0% |
| Land and buildings | 22 | €166,491 | €153,600 | -€12,891 | -7.7% |
| Plant, machinery and equipment | 23 | €1,463 | €762 | -€701 | -47.9% |
| Furniture and vehicles | 24 | €3,853 | €1,948 | -€1,905 | -49.5% |
| Current assets | 29/58 | €239,369 | €194,686 | -€44,683 | -18.7% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €230,310 | €169,733 | -€60,576 | -26.3% |
| Trade receivables | 40 | €227,569 | €161,123 | -€66,447 | -29.2% |
| Other amounts receivable | 41 | €2,740 | €8,611 | +€5,870 | +214% |
| Cash at bank and in hand | 54/58 | €779 | €16,228 | +€15,449 | +1,983% |
| Deferred charges and accrued income | 490/1 | €3,280 | €3,725 | +€445 | +13.6% |
| Total equity and liabilities | 10/49 | €411,177 | €350,996 | -€60,181 | -14.6% |
| Equity | 10/15 | €58,947 | €47,197 | -€11,750 | -19.9% |
| Contributions | 10/11 | €24,600 | €24,600 | = | 0.0% |
| Reserves | 13 | €2,460 | €2,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,460 | €2,460 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,460 | €2,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,887 | €20,137 | -€11,750 | -36.8% |
| Amounts payable | 17/49 | €352,230 | €303,799 | -€48,432 | -13.7% |
| Amounts payable after more than one year | 17 | €130,012 | €117,444 | -€12,567 | -9.7% |
| Financial debts | 170/4 | €130,012 | €117,444 | -€12,567 | -9.7% |
| Amounts payable within one year | 42/48 | €222,218 | €186,354 | -€35,864 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €14,667 | €12,781 | -€1,885 | -12.9% |
| Financial debts | 43 | €48,500 | €45,000 | -€3,500 | -7.2% |
| Credit institutions | 430/8 | €48,500 | €45,000 | -€3,500 | -7.2% |
| Trade debts | 44 | €126,775 | €121,457 | -€5,319 | -4.2% |
| Suppliers | 440/4 | €126,775 | €121,457 | -€5,319 | -4.2% |
| Taxes, remuneration and social security | 45 | €11,778 | €7,116 | -€4,662 | -39.6% |
| Taxes | 450/3 | €113 | €6,118 | +€6,005 | +5,327% |
| Remuneration and social security | 454/9 | €11,666 | €998 | -€10,667 | -91.4% |
| Other amounts payable | 47/48 | €20,498 | - | -€20,498 | |
| Remuneration, social security and pensions | 62 | €11,200 | €9,167 | -€2,033 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,331 | €16,094 | -€8,236 | -33.9% |
| Other operating charges | 640/8 | €549 | €794 | +€245 | +44.6% |
| Gross operating margin | 9900 | €37,063 | €40,413 | +€3,350 | +9.0% |
| Operating profit (loss) | 9901 | €983 | €14,357 | +€13,375 | +1,361% |
| Financial income | 75/76B | €803 | €981 | +€177 | +22.1% |
| Recurring financial income | 75 | €803 | €981 | +€177 | +22.1% |
| Financial charges | 65/66B | €9,924 | €16,307 | +€6,383 | +64.3% |
| Recurring financial charges | 65 | €9,924 | €16,307 | +€6,383 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,138 | -€969 | +€7,170 | +88.1% |
| Income taxes | 67/77 | €2,821 | €3,958 | +€1,137 | +40.3% |
| Profit (loss) for the period | 9904 | -€10,960 | -€4,927 | +€6,033 | +55.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,960 | -€4,927 | +€6,033 | +55.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.