WALLSTREET: 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.
WALLSTREET
Largest movements
- Cash +€49,550
up €49,550 (+77.6%), from €63,848 to €113,399
mainly Net result for the year (+€39,683) and Depreciation (+€36,633)
- Tangible fixed assets -€34,787
down €34,787 (-6.1%), from €571,344 to €536,556
of which Land and buildings: -€31,719
- Debts after one year -€42,852
down €42,852 (-20.4%), from €210,397 to €167,545
- Reserves +€29,683
up €29,683 (+27.1%), from €109,392 to €139,075
of which Distributable reserves: +€29,683
- Accrued charges and deferred income +€12,797
up €12,797 (+101.5%), from €12,608 to €25,405
- Other debts +€10,489
up €10,489 (+33.0%), from €31,794 to €42,283
- Tax, wage and social debts +€9,505
up €9,505 (+79.3%), from €11,983 to €21,488
of which Taxes: +€9,180
- Gross operating margin +€18,223
up €18,223 (+10.5%), from €173,771 to €191,994
- Staff costs +€5,828
up €5,828 (+8.6%), from €67,735 to €73,563
- Taxes +€4,911
up €4,911 (+45.9%), from €10,706 to €15,617
- Depreciation -€4,131
down €4,131 (-10.1%), from €40,764 to €36,633
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.
Cash bridge derived
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 | €644,044 | €665,511 | +€21,467 | +3.3% |
| Fixed assets | 21/28 | €571,344 | €536,556 | -€34,787 | -6.1% |
| Tangible fixed assets | 22/27 | €571,344 | €536,556 | -€34,787 | -6.1% |
| Land and buildings | 22 | €561,206 | €529,487 | -€31,719 | -5.7% |
| Plant, machinery and equipment | 23 | €2,867 | €2,189 | -€678 | -23.7% |
| Furniture and vehicles | 24 | €7,271 | €4,881 | -€2,390 | -32.9% |
| Current assets | 29/58 | €72,700 | €128,954 | +€56,254 | +77.4% |
| Amounts receivable within one year | 40/41 | €8,852 | €14,948 | +€6,096 | +68.9% |
| Trade receivables | 40 | €1,207 | €8,842 | +€7,636 | +632.9% |
| Other amounts receivable | 41 | €7,645 | €6,106 | -€1,539 | -20.1% |
| Cash at bank and in hand | 54/58 | €63,848 | €113,399 | +€49,550 | +77.6% |
| Deferred charges and accrued income | 490/1 | - | €607 | +€607 | |
| Total equity and liabilities | 10/49 | €644,044 | €665,511 | +€21,467 | +3.3% |
| Equity | 10/15 | €127,992 | €157,675 | +€29,683 | +23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,392 | €139,075 | +€29,683 | +27.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €107,532 | €137,215 | +€29,683 | +27.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Provisions and deferred taxes | 16 | €202,701 | €204,174 | +€1,472 | +0.7% |
| Provisions for liabilities and charges | 160/5 | €202,701 | €204,174 | +€1,472 | +0.7% |
| Other liabilities and charges | 164/5 | €202,701 | €204,174 | +€1,472 | +0.7% |
| Amounts payable | 17/49 | €313,350 | €303,662 | -€9,689 | -3.1% |
| Amounts payable after more than one year | 17 | €210,397 | €167,545 | -€42,852 | -20.4% |
| Financial debts | 170/4 | €210,397 | €167,545 | -€42,852 | -20.4% |
| Amounts payable within one year | 42/48 | €90,345 | €110,712 | +€20,366 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €41,564 | €42,852 | +€1,289 | +3.1% |
| Trade debts | 44 | €5,005 | €4,089 | -€916 | -18.3% |
| Suppliers | 440/4 | €5,005 | €4,089 | -€916 | -18.3% |
| Taxes, remuneration and social security | 45 | €11,983 | €21,488 | +€9,505 | +79.3% |
| Taxes | 450/3 | €7,126 | €16,306 | +€9,180 | +128.8% |
| Remuneration and social security | 454/9 | €4,857 | €5,182 | +€324 | +6.7% |
| Other amounts payable | 47/48 | €31,794 | €42,283 | +€10,489 | +33.0% |
| Accrued charges and deferred income | 492/3 | €12,608 | €25,405 | +€12,797 | +101.5% |
| Remuneration, social security and pensions | 62 | €67,735 | €73,563 | +€5,828 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,764 | €36,633 | -€4,131 | -10.1% |
| Other operating charges | 640/8 | €4,584 | €3,829 | -€754 | -16.5% |
| Gross operating margin | 9900 | €173,771 | €191,994 | +€18,223 | +10.5% |
| Operating profit (loss) | 9901 | €60,687 | €77,968 | +€17,281 | +28.5% |
| Financial income | 75/76B | €926 | €442 | -€484 | -52.2% |
| Recurring financial income | 75 | €926 | €442 | -€484 | -52.2% |
| Financial charges | 65/66B | €23,173 | €23,110 | -€63 | -0.3% |
| Recurring financial charges | 65 | €23,173 | €23,110 | -€63 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €38,440 | €55,300 | +€16,860 | +43.9% |
| Income taxes | 67/77 | €10,706 | €15,617 | +€4,911 | +45.9% |
| Profit (loss) for the period | 9904 | €27,735 | €39,683 | +€11,948 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,735 | €39,683 | +€11,948 | +43.1% |
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 9 October 2026 via checked.be.