C-WISE: 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.
C-WISE
Largest movements
- Stocks and contracts +€9,578
up €9,578 (+40.0%), from €23,917 to €33,495
- Receivables within one year -€4,243
down €4,243 (-30.2%), from €14,035 to €9,791
of which Other amounts receivable: -€2,265
- Tangible fixed assets -€3,437
down €3,437 (-17.7%), from €19,454 to €16,018
of which Other tangible fixed assets: -€2,505
- Cash -€1,557
down €1,557 (-3.8%), from €41,082 to €39,524
mainly Other debts (-€18,923) and Stocks and contracts (-€9,578)
- Reserves +€21,883
up €21,883 (+59.1%), from €37,020 to €58,903
- Other debts -€18,923
down €18,923 (-58.0%), from €32,605 to €13,682
- Trade debts -€6,070
down €6,070 (-49.6%), from €12,246 to €6,176
- Tax, wage and social debts +€3,360
up €3,360 (+35.4%), from €9,491 to €12,851
of which Taxes: +€3,071
- Gross operating margin +€28,695
up €28,695 (+240.1%), from €11,951 to €40,647
- Taxes +€8,785
up €8,785 (+1563.6%), from €562 to €9,347
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 | €99,523 | €99,646 | +€124 | +0.1% |
| Fixed assets | 21/28 | €19,454 | €16,018 | -€3,437 | -17.7% |
| Tangible fixed assets | 22/27 | €19,454 | €16,018 | -€3,437 | -17.7% |
| Furniture and vehicles | 24 | €1,491 | €559 | -€932 | -62.5% |
| Other tangible fixed assets | 26 | €17,964 | €15,459 | -€2,505 | -13.9% |
| Current assets | 29/58 | €80,068 | €83,629 | +€3,560 | +4.4% |
| Stocks and contracts in progress | 3 | €23,917 | €33,495 | +€9,578 | +40.0% |
| Stocks | 30/36 | €23,917 | €33,495 | +€9,578 | +40.0% |
| Amounts receivable within one year | 40/41 | €14,035 | €9,791 | -€4,243 | -30.2% |
| Trade receivables | 40 | €10,690 | €8,712 | -€1,978 | -18.5% |
| Other amounts receivable | 41 | €3,344 | €1,079 | -€2,265 | -67.7% |
| Cash at bank and in hand | 54/58 | €41,082 | €39,524 | -€1,557 | -3.8% |
| Deferred charges and accrued income | 490/1 | €1,035 | €818 | -€217 | -21.0% |
| Total equity and liabilities | 10/49 | €99,523 | €99,646 | +€124 | +0.1% |
| Equity | 10/15 | €43,220 | €65,103 | +€21,883 | +50.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,020 | €58,903 | +€21,883 | +59.1% |
| Distributable reserves | 133 | €37,020 | €58,903 | +€21,883 | +59.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,303 | €34,543 | -€21,760 | -38.6% |
| Amounts payable within one year | 42/48 | €54,343 | €32,710 | -€21,633 | -39.8% |
| Trade debts | 44 | €12,246 | €6,176 | -€6,070 | -49.6% |
| Suppliers | 440/4 | €12,246 | €6,176 | -€6,070 | -49.6% |
| Taxes, remuneration and social security | 45 | €9,491 | €12,851 | +€3,360 | +35.4% |
| Taxes | 450/3 | €9,491 | €12,562 | +€3,071 | +32.4% |
| Remuneration and social security | 454/9 | - | €289 | +€289 | |
| Other amounts payable | 47/48 | €32,605 | €13,682 | -€18,923 | -58.0% |
| Accrued charges and deferred income | 492/3 | €1,961 | €1,834 | -€127 | -6.5% |
| Remuneration, social security and pensions | 62 | €3,472 | €3,281 | -€191 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,922 | €4,671 | -€252 | -5.1% |
| Other operating charges | 640/8 | €1,558 | €1,414 | -€145 | -9.3% |
| Gross operating margin | 9900 | €11,951 | €40,647 | +€28,695 | +240.1% |
| Operating profit (loss) | 9901 | €1,998 | €31,281 | +€29,283 | +1465.3% |
| Financial income | 75/76B | €76 | €98 | +€22 | +28.9% |
| Recurring financial income | 75 | €76 | €98 | +€22 | +28.9% |
| Financial charges | 65/66B | €469 | €150 | -€319 | -68.1% |
| Recurring financial charges | 65 | €469 | €150 | -€319 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €1,606 | €31,230 | +€29,624 | +1844.6% |
| Income taxes | 67/77 | €562 | €9,347 | +€8,785 | +1563.6% |
| Profit (loss) for the period | 9904 | €1,044 | €21,883 | +€20,839 | +1995.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,044 | €21,883 | +€20,839 | +1995.8% |
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 10 October 2026 via checked.be.