WALLIMAGE: 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.
What changed
WALLIMAGE
NACE 59.111, Production of cinema films
fiscal year 2023 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
-€1.3m
2023 · -€799,330-€539,661
Equity
€47.3m
2023 · €51.2m-€3.9m
Cash
€3.3m
2023 · €11.5m-€8.2m
Balance sheet total
€48.1m
2023 · €53.1m-€5.0m
Largest movements
Assets
- Financial fixed assets -€19.8m
down €19.8m (-74.0%), from €26.7m to €6.9m
of which Other financial fixed assets: -€15.0m
- Intangible fixed assets +€19.7m
up €19.7m (+4489.7%), from €438,119 to €20.1m
- Cash -€8.2m
down €8.2m (-71.4%), from €11.5m to €3.3m
- Receivables within one year +€5.8m
up €5.8m (+122.0%), from €4.8m to €10.6m
of which Other amounts receivable: +€6.0m
- Current investments -€1.9m
down €1.9m (-33.7%), from €5.6m to €3.7m
Equity and liabilities
- Profit (loss) carried forward -€3.0m
down €3.0m (-1282.1%), from -€232,851 to -€3.2m
- Investment grants -€926,339
down €926,339 (-2.7%), from €34.6m to €33.6m
- Accrued charges and deferred income -€681,313
down €681,313 (-74.4%), from €915,345 to €234,032
Income statement
- Depreciation +€7.0m
up €7.0m (+3091.4%), from €227,018 to €7.2m
- Financial charges -€6.5m
down €6.5m (-72.0%), from €9.0m to €2.5m
of which Non-recurring financial charges: -€6.5m
- Financial income +€3.0m
up €3.0m (+36.7%), from €8.2m to €11.2m
of which Non-recurring financial income: +€1.6m
- Other operating charges +€1.2m
up €1.2m (+389.4%), from €308,539 to €1.5m
- Turnover +€241,520
up €241,520 (+57.3%), from €421,331 to €662,851
From the 2023 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.
Result 2023
-€799,330
Turnover
+€241,520
Other operating income
+€2,083
Services and other goods
-€193,046
Staff costs
-€18,970
Depreciation
-€7.0m
Write-downs
-€43,149
Provisions
+€80,822
Other operating charges
-€1.2m
Other operating items
-€2.0m
Financial income
+€3.0m
Financial charges
+€6.5m
Taxes
+€87,899
Result 2025
-€1.3m
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,056,926 | €48,095,700 | -€5.0m | -9.4% |
| Fixed assets | 21/28 | €27,164,621 | €27,075,458 | -€89,163 | -0.3% |
| Intangible fixed assets | 21 | €438,119 | €20,108,437 | +€19.7m | +4489.7% |
| Tangible fixed assets | 22/27 | €24,612 | €22,645 | -€1,967 | -8.0% |
| Furniture and vehicles | 24 | €24,612 | €12,466 | -€12,146 | -49.3% |
| Other tangible fixed assets | 26 | - | €10,179 | +€10,179 | |
| Financial fixed assets | 28 | €26,701,891 | €6,944,377 | -€19.8m | -74.0% |
| Companies linked by participating interests | 282/3 | €8,464,477 | €3,693,049 | -€4.8m | -56.4% |
| Participating interests | 282 | €5,673,532 | €2,427,730 | -€3.2m | -57.2% |
| Amounts receivable | 283 | €2,790,945 | €1,265,319 | -€1.5m | -54.7% |
| Other financial fixed assets | 284/8 | €18,237,414 | €3,251,327 | -€15.0m | -82.2% |
| Shares | 284 | €18,236,514 | €1,561,164 | -€16.7m | -91.4% |
| Amounts receivable and cash guarantees | 285/8 | €900 | €1,690,164 | +€1.7m | +187693.9% |
| Current assets | 29/58 | €25,892,305 | €21,020,242 | -€4.9m | -18.8% |
| Amounts receivable after more than one year | 29 | €4,005,695 | €3,116,480 | -€889,215 | -22.2% |
| Other amounts receivable | 291 | €4,005,695 | €3,116,480 | -€889,215 | -22.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,770,677 | €10,589,628 | +€5.8m | +122.0% |
| Trade receivables | 40 | €264,481 | €70,631 | -€193,850 | -73.3% |
| Other amounts receivable | 41 | €4,506,196 | €10,518,997 | +€6.0m | +133.4% |
| Current investments | 50/53 | €5,579,021 | €3,700,000 | -€1.9m | -33.7% |
| Other investments | 51/53 | €5,579,021 | €3,700,000 | -€1.9m | -33.7% |
| Cash at bank and in hand | 54/58 | €11,470,874 | €3,280,841 | -€8.2m | -71.4% |
| Deferred charges and accrued income | 490/1 | €66,038 | €333,293 | +€267,254 | +404.7% |
| Total equity and liabilities | 10/49 | €53,056,926 | €48,095,700 | -€5.0m | -9.4% |
| Equity | 10/15 | €51,232,897 | €47,321,167 | -€3.9m | -7.6% |
| Contributions | 10/11 | €16,846,371 | €16,846,371 | = | 0.0% |
| Capital | 10 | €16,846,371 | €16,846,371 | = | 0.0% |
| Issued capital | 100 | €16,846,371 | €16,846,371 | = | 0.0% |
| Reserves | 13 | €49,579 | €49,579 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€232,851 | -€3,218,242 | -€3.0m | -1282.1% |
| Investment grants | 15 | €34,569,798 | €33,643,459 | -€926,339 | -2.7% |
| Provisions and deferred taxes | 16 | €88,984 | €13,352 | -€75,632 | -85.0% |
| Provisions for liabilities and charges | 160/5 | €88,984 | €13,352 | -€75,632 | -85.0% |
| Other liabilities and charges | 164/5 | €88,984 | €13,352 | -€75,632 | -85.0% |
| Amounts payable | 17/49 | €1,735,045 | €761,180 | -€973,865 | -56.1% |
| Amounts payable after more than one year | 17 | €215,462 | €0 | -€215,462 | -100.0% |
| Financial debts | 170/4 | €215,462 | €0 | -€215,462 | -100.0% |
| Other loans | 174 | €215,462 | €0 | -€215,462 | -100.0% |
| Amounts payable within one year | 42/48 | €604,238 | €527,149 | -€77,090 | -12.8% |
| Trade debts | 44 | €131,749 | €121,323 | -€10,426 | -7.9% |
| Suppliers | 440/4 | €131,749 | €121,323 | -€10,426 | -7.9% |
| Taxes, remuneration and social security | 45 | €246,444 | €188,154 | -€58,290 | -23.7% |
| Taxes | 450/3 | €81,633 | €24,066 | -€57,567 | -70.5% |
| Remuneration and social security | 454/9 | €164,810 | €164,088 | -€722 | -0.4% |
| Other amounts payable | 47/48 | €226,046 | €217,672 | -€8,374 | -3.7% |
| Accrued charges and deferred income | 492/3 | €915,345 | €234,032 | -€681,313 | -74.4% |
| Operating income | 70/76A | €2,655,094 | €2,625,224 | -€29,870 | -1.1% |
| Turnover | 70 | €421,331 | €662,851 | +€241,520 | +57.3% |
| Other operating income | 74 | €1,823,429 | €1,825,512 | +€2,083 | +0.1% |
| Non-recurring operating income | 76A | €410,334 | €136,861 | -€273,473 | -66.6% |
| Operating charges | 60/66A | €2,500,528 | €12,601,465 | +€10.1m | +404.0% |
| Services and other goods | 61 | €533,869 | €726,915 | +€193,046 | +36.2% |
| Remuneration, social security and pensions | 62 | €1,415,476 | €1,434,446 | +€18,970 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,018 | €7,245,155 | +€7.0m | +3091.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €43,149 | +€43,149 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,103 | -€83,925 | -€80,822 | -2605.0% |
| Other operating charges | 640/8 | €308,539 | €1,509,862 | +€1.2m | +389.4% |
| Non-recurring operating charges | 66A | €18,728 | €1,725,861 | +€1.7m | +9115.4% |
| Operating profit (loss) | 9901 | €154,566 | -€9,976,241 | -€10.1m | |
| Financial income | 75/76B | €8,171,512 | €11,170,621 | +€3.0m | +36.7% |
| Recurring financial income | 75 | €7,783,931 | €9,148,124 | +€1.4m | +17.5% |
| Income from financial fixed assets | 750 | €86,042 | €0 | -€86,042 | -100.0% |
| Income from current assets | 751 | €170,112 | €336,744 | +€166,632 | +98.0% |
| Other financial income | 752/9 | €7,527,777 | €8,811,380 | +€1.3m | +17.1% |
| Non-recurring financial income | 76B | €387,581 | €2,022,497 | +€1.6m | +421.8% |
| Financial charges | 65/66B | €9,034,474 | €2,530,336 | -€6.5m | -72.0% |
| Recurring financial charges | 65 | €12,072 | €25,459 | +€13,388 | +110.9% |
| Debt charges | 650 | €10,698 | €16,928 | +€6,230 | +58.2% |
| Other financial charges | 652/9 | €1,373 | €8,531 | +€7,158 | +521.2% |
| Non-recurring financial charges | 66B | €9,022,403 | €2,504,877 | -€6.5m | -72.2% |
| Profit (loss) for the period before taxes | 9903 | -€708,396 | -€1,335,956 | -€627,560 | -88.6% |
| Income taxes | 67/77 | €90,934 | €3,034 | -€87,899 | -96.7% |
| Taxes | 670/3 | €90,934 | €3,034 | -€87,899 | -96.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€799,330 | -€1,338,990 | -€539,661 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€799,330 | -€1,338,990 | -€539,661 | -67.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.