WONDER WALL: 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.
WONDER WALL
Largest movements
- Cash -€133,288
down €133,288 (-59.1%), from €225,488 to €92,200
mainly Contributions, distributions and other (-€107,971) and Other debts (-€50,166)
- Tangible fixed assets +€11,339
up €11,339 (+621%), from €1,825 to €13,164
of which Other tangible fixed assets: +€9,259
- Receivables within one year +€9,844
up €9,844 (+30.1%), from €32,655 to €42,499
of which Trade receivables: +€9,125
- Reserves -€77,476
down €77,476 (-42.0%), from €184,612 to €107,136
- Other debts -€50,166
down €50,166 (-99.8%), from €50,279 to €113
- Advances received +€15,733
new in 2025: €15,733
- Tax, wage and social debts -€9,177
down €9,177 (-79.8%), from €11,496 to €2,319
- Trade debts +€8,917
up €8,917 (+145%), from €6,165 to €15,082
- Gross operating margin -€12,168
down €12,168 (-21.9%), from €55,652 to €43,484
- Taxes -€4,999
down €4,999 (-32.8%), from €15,262 to €10,263
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 | €260,611 | €148,443 | -€112,169 | -43.0% |
| Fixed assets | 21/28 | €1,825 | €13,164 | +€11,339 | +621% |
| Tangible fixed assets | 22/27 | €1,825 | €13,164 | +€11,339 | +621% |
| Plant, machinery and equipment | 23 | - | €2,081 | +€2,081 | |
| Other tangible fixed assets | 26 | €1,825 | €11,083 | +€9,259 | +507% |
| Current assets | 29/58 | €258,787 | €135,278 | -€123,508 | -47.7% |
| Amounts receivable within one year | 40/41 | €32,655 | €42,499 | +€9,844 | +30.1% |
| Trade receivables | 40 | €31,500 | €40,625 | +€9,125 | +29.0% |
| Other amounts receivable | 41 | €1,154 | €1,874 | +€719 | +62.3% |
| Cash at bank and in hand | 54/58 | €225,488 | €92,200 | -€133,288 | -59.1% |
| Deferred charges and accrued income | 490/1 | €644 | €580 | -€64 | -9.9% |
| Total equity and liabilities | 10/49 | €260,611 | €148,443 | -€112,169 | -43.0% |
| Equity | 10/15 | €192,672 | €115,196 | -€77,476 | -40.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €184,612 | €107,136 | -€77,476 | -42.0% |
| Distributable reserves | 133 | €184,612 | €107,136 | -€77,476 | -42.0% |
| Amounts payable | 17/49 | €67,939 | €33,247 | -€34,692 | -51.1% |
| Amounts payable within one year | 42/48 | €67,939 | €33,247 | -€34,692 | -51.1% |
| Trade debts | 44 | €6,165 | €15,082 | +€8,917 | +145% |
| Suppliers | 440/4 | €6,165 | €15,082 | +€8,917 | +145% |
| Advances received on contracts in progress | 46 | - | €15,733 | +€15,733 | |
| Taxes, remuneration and social security | 45 | €11,496 | €2,319 | -€9,177 | -79.8% |
| Taxes | 450/3 | €11,496 | €2,319 | -€9,177 | -79.8% |
| Other amounts payable | 47/48 | €50,279 | €113 | -€50,166 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,096 | €1,545 | +€449 | +40.9% |
| Other operating charges | 640/8 | €1,462 | €1,003 | -€460 | -31.4% |
| Gross operating margin | 9900 | €55,652 | €43,484 | -€12,168 | -21.9% |
| Operating profit (loss) | 9901 | €53,094 | €40,936 | -€12,157 | -22.9% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €181 | €182 | +€1 | +0.4% |
| Recurring financial charges | 65 | €181 | €182 | +€1 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €52,912 | €40,757 | -€12,155 | -23.0% |
| Income taxes | 67/77 | €15,262 | €10,263 | -€4,999 | -32.8% |
| Profit (loss) for the period | 9904 | €37,650 | €30,495 | -€7,156 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,650 | €30,495 | -€7,156 | -19.0% |
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 17 October 2026 via checked.be.