FIWA: 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.
FIWA
Largest movements
- Current investments -€3,020
down €3,020 (-12.7%), from €23,698 to €20,677
- Cash -€2,630
down €2,630 (-37.0%), from €7,116 to €4,486
mainly Accrued charges and deferred income (-€4,664) and Contributions, distributions and other (-€3,400)
- Receivables within one year +€2,300
up €2,300 (+24.5%), from €9,392 to €11,692
- Tangible fixed assets -€1,027
down €1,027 (-31.4%), from €3,275 to €2,248
of which Furniture and vehicles: -€758
- Accrued charges and deferred income -€4,664
down €4,664 (-94.2%), from €4,950 to €286
- Other debts +€2,702
new in 2025: €2,702
- Trade debts -€1,619
down €1,619 (-94.9%), from €1,705 to €87
- Tax, wage and social debts -€1,007
down €1,007 (-15.3%), from €6,567 to €5,560
- Gross operating margin -€3,914
down €3,914 (-31.4%), from €12,448 to €8,534
- Taxes -€749
down €749 (-21.2%), from €3,527 to €2,778
- Financial charges -€261
down €261 (-23.8%), from €1,098 to €837
- Depreciation -€226
down €226 (-18.1%), from €1,253 to €1,027
- Financial income +€200
up €200 (+156%), from €128 to €329
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 | €47,826 | €43,269 | -€4,556 | -9.5% |
| Fixed assets | 21/28 | €3,275 | €2,248 | -€1,027 | -31.4% |
| Tangible fixed assets | 22/27 | €3,275 | €2,248 | -€1,027 | -31.4% |
| Plant, machinery and equipment | 23 | €624 | €355 | -€269 | -43.1% |
| Furniture and vehicles | 24 | €2,651 | €1,893 | -€758 | -28.6% |
| Current assets | 29/58 | €44,551 | €41,021 | -€3,529 | -7.9% |
| Amounts receivable within one year | 40/41 | €9,392 | €11,692 | +€2,300 | +24.5% |
| Trade receivables | 40 | €9,392 | €11,692 | +€2,300 | +24.5% |
| Current investments | 50/53 | €23,698 | €20,677 | -€3,020 | -12.7% |
| Cash at bank and in hand | 54/58 | €7,116 | €4,486 | -€2,630 | -37.0% |
| Deferred charges and accrued income | 490/1 | €4,345 | €4,166 | -€179 | -4.1% |
| Total equity and liabilities | 10/49 | €47,826 | €43,269 | -€4,556 | -9.5% |
| Equity | 10/15 | €34,603 | €34,635 | +€31 | +0.1% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €15,853 | €15,885 | +€31 | +0.2% |
| Distributable reserves | 133 | €15,853 | €15,885 | +€31 | +0.2% |
| Amounts payable | 17/49 | €13,222 | €8,635 | -€4,588 | -34.7% |
| Amounts payable within one year | 42/48 | €8,273 | €8,349 | +€76 | +0.9% |
| Trade debts | 44 | €1,705 | €87 | -€1,619 | -94.9% |
| Suppliers | 440/4 | €1,705 | €87 | -€1,619 | -94.9% |
| Taxes, remuneration and social security | 45 | €6,567 | €5,560 | -€1,007 | -15.3% |
| Taxes | 450/3 | €6,567 | €5,560 | -€1,007 | -15.3% |
| Other amounts payable | 47/48 | - | €2,702 | +€2,702 | |
| Accrued charges and deferred income | 492/3 | €4,950 | €286 | -€4,664 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,253 | €1,027 | -€226 | -18.1% |
| Other operating charges | 640/8 | €774 | €789 | +€15 | +2.0% |
| Gross operating margin | 9900 | €12,448 | €8,534 | -€3,914 | -31.4% |
| Operating profit (loss) | 9901 | €10,420 | €6,717 | -€3,703 | -35.5% |
| Financial income | 75/76B | €128 | €329 | +€200 | +156% |
| Recurring financial income | 75 | €128 | €329 | +€200 | +156% |
| Financial charges | 65/66B | €1,098 | €837 | -€261 | -23.8% |
| Recurring financial charges | 65 | €1,098 | €837 | -€261 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €9,451 | €6,209 | -€3,241 | -34.3% |
| Income taxes | 67/77 | €3,527 | €2,778 | -€749 | -21.2% |
| Profit (loss) for the period | 9904 | €5,923 | €3,431 | -€2,492 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,923 | €3,431 | -€2,492 | -42.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.