B-Wice: 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.
What changed
B-Wice
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€178,918
2024 · €149,322+€29,596
Equity
€20,460
2024 · €423,262-€402,802
Cash
€132,875
2024 · €136,368-€3,493
Balance sheet total
€494,339
2024 · €473,147+€21,192
Largest movements
Assets
- Financial fixed assets +€40,832
up €40,832 (+14.6%), from €279,955 to €320,787
- Tangible fixed assets -€15,128
down €15,128 (-40.7%), from €37,149 to €22,021
Equity and liabilities
- Other debts +€439,043
up €439,043, from €0 to €439,043
- Profit (loss) carried forward -€402,802
down €402,802 (-100%), from €402,802 to €0
- Debts after one year -€11,902
down €11,902 (-79.8%), from €14,906 to €3,004
Income statement
- Gross operating margin +€37,818
up €37,818 (+18.9%), from €199,589 to €237,407
- Taxes +€10,070
up €10,070 (+21.9%), from €45,965 to €56,035
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.
Result 2024
€149,322
Gross operating margin
+€37,818
Depreciation
-€652
Other operating charges
+€291
Financial income
+€1,975
Financial charges
+€235
Taxes
-€10,070
Result 2025
€178,918
raises the resultlowers the result
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.
From operations
+€630,442
Investment
-€40,832
Financing
-€593,103
Cash 2024
€136,368
From operations (derived)
+€630,442
Net result for the year
+€178,918
Depreciation
+€15,128
Smaller working-capital items
+€2,229
Trade debts
-€4,876
Other debts
+€439,043
Investment (derived)
-€40,832
Investment in fixed assets (net)
-€40,832
Financing
-€593,103
Debts after one year
-€11,902
Current portion of long-term debt
+€184
Short-term financial debts
+€335
Contributions, distributions and other
-€581,720
Cash 2025
€132,875
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €473,147 | €494,339 | +€21,192 | +4.5% |
| Fixed assets | 21/28 | €317,104 | €342,808 | +€25,704 | +8.1% |
| Tangible fixed assets | 22/27 | €37,149 | €22,021 | -€15,128 | -40.7% |
| Furniture and vehicles | 24 | €37,149 | €22,021 | -€15,128 | -40.7% |
| Financial fixed assets | 28 | €279,955 | €320,787 | +€40,832 | +14.6% |
| Current assets | 29/58 | €156,043 | €151,531 | -€4,512 | -2.9% |
| Amounts receivable within one year | 40/41 | €5,230 | €5,446 | +€216 | +4.1% |
| Trade receivables | 40 | €4,000 | €5,362 | +€1,362 | +34.0% |
| Other amounts receivable | 41 | €1,230 | €84 | -€1,146 | -93.2% |
| Cash at bank and in hand | 54/58 | €136,368 | €132,875 | -€3,493 | -2.6% |
| Deferred charges and accrued income | 490/1 | €14,445 | €13,210 | -€1,234 | -8.5% |
| Total equity and liabilities | 10/49 | €473,147 | €494,339 | +€21,192 | +4.5% |
| Equity | 10/15 | €423,262 | €20,460 | -€402,802 | -95.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €402,802 | €0 | -€402,802 | -100% |
| Amounts payable | 17/49 | €49,885 | €473,879 | +€423,994 | +850% |
| Amounts payable after more than one year | 17 | €14,906 | €3,004 | -€11,902 | -79.8% |
| Financial debts | 170/4 | €14,906 | €3,004 | -€11,902 | -79.8% |
| Amounts payable within one year | 42/48 | €34,979 | €470,184 | +€435,205 | +1,244% |
| Current portion of amounts payable after more than one year | 42 | €11,718 | €11,902 | +€184 | +1.6% |
| Financial debts | 43 | €657 | €992 | +€335 | +50.9% |
| Credit institutions | 430/8 | €657 | €992 | +€335 | +50.9% |
| Trade debts | 44 | €5,907 | €1,031 | -€4,876 | -82.6% |
| Suppliers | 440/4 | €5,907 | €1,031 | -€4,876 | -82.6% |
| Taxes, remuneration and social security | 45 | €16,697 | €17,217 | +€520 | +3.1% |
| Taxes | 450/3 | €16,697 | €17,217 | +€520 | +3.1% |
| Other amounts payable | 47/48 | €0 | €439,043 | +€439,043 | |
| Accrued charges and deferred income | 492/3 | - | €690 | +€690 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,476 | €15,128 | +€652 | +4.5% |
| Other operating charges | 640/8 | €475 | €184 | -€291 | -61.3% |
| Gross operating margin | 9900 | €199,589 | €237,407 | +€37,818 | +18.9% |
| Operating profit (loss) | 9901 | €184,639 | €222,095 | +€37,456 | +20.3% |
| Financial income | 75/76B | €11,399 | €13,373 | +€1,975 | +17.3% |
| Recurring financial income | 75 | €11,399 | €13,373 | +€1,975 | +17.3% |
| Financial charges | 65/66B | €750 | €515 | -€235 | -31.4% |
| Recurring financial charges | 65 | €750 | €515 | -€235 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €195,287 | €234,954 | +€39,666 | +20.3% |
| Income taxes | 67/77 | €45,965 | €56,035 | +€10,070 | +21.9% |
| Profit (loss) for the period | 9904 | €149,322 | €178,918 | +€29,596 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €149,322 | €178,918 | +€29,596 | +19.8% |
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.