FIWAPHI: 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.
FIWAPHI
Largest movements
- Cash -€51,235
down €51,235 (-92.5%), from €55,379 to €4,144
mainly Contributions, distributions and other (-€570,349) and Receivables within one year (-€19,835)
- Receivables within one year +€19,835
up €19,835 (+71.9%), from €27,584 to €47,419
of which Trade receivables: +€22,009
- Reserves -€331,575
down €331,575 (-46.7%), from €709,564 to €377,989
- Other debts +€289,143
up €289,143 (+248%), from €116,660 to €405,803
- Tax, wage and social debts +€29,494
up €29,494 (+122%), from €24,146 to €53,640
of which Taxes: +€29,494
- Contributions -€18,500
down €18,500 (-99.5%), from €18,600 to €100
- Gross operating margin +€41,239
up €41,239 (+16.8%), from €245,952 to €287,191
- Financial income +€35,302
up €35,302 (+1,598%), from €2,208 to €37,510
- Taxes +€30,137
up €30,137 (+41.3%), from €72,920 to €103,057
- Staff costs -€15,528
down €15,528 (-100%), from €15,528 to €0
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 | €880,523 | €849,123 | -€31,400 | -3.6% |
| Current assets | 29/58 | €880,523 | €849,123 | -€31,400 | -3.6% |
| Amounts receivable within one year | 40/41 | €27,584 | €47,419 | +€19,835 | +71.9% |
| Trade receivables | 40 | €25,410 | €47,419 | +€22,009 | +86.6% |
| Other amounts receivable | 41 | €2,174 | €0 | -€2,174 | -100% |
| Current investments | 50/53 | €797,561 | €797,561 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,379 | €4,144 | -€51,235 | -92.5% |
| Total equity and liabilities | 10/49 | €880,523 | €849,123 | -€31,400 | -3.6% |
| Equity | 10/15 | €728,164 | €378,089 | -€350,075 | -48.1% |
| Contributions | 10/11 | €18,600 | €100 | -€18,500 | -99.5% |
| Reserves | 13 | €709,564 | €377,989 | -€331,575 | -46.7% |
| Distributable reserves | 133 | €709,564 | €377,989 | -€331,575 | -46.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €152,359 | €471,034 | +€318,675 | +209% |
| Amounts payable within one year | 42/48 | €140,859 | €459,534 | +€318,675 | +226% |
| Trade debts | 44 | €53 | €91 | +€38 | +70.7% |
| Suppliers | 440/4 | €53 | €91 | +€38 | +70.7% |
| Taxes, remuneration and social security | 45 | €24,146 | €53,640 | +€29,494 | +122% |
| Taxes | 450/3 | €24,146 | €53,640 | +€29,494 | +122% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €116,660 | €405,803 | +€289,143 | +248% |
| Accrued charges and deferred income | 492/3 | €11,500 | €11,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €15,528 | €0 | -€15,528 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €769 | €542 | -€227 | -29.6% |
| Gross operating margin | 9900 | €245,952 | €287,191 | +€41,239 | +16.8% |
| Operating profit (loss) | 9901 | €229,655 | €286,650 | +€56,995 | +24.8% |
| Financial income | 75/76B | €2,208 | €37,510 | +€35,302 | +1,598% |
| Recurring financial income | 75 | €2,208 | €37,510 | +€35,302 | +1,598% |
| Financial charges | 65/66B | €1,228 | €829 | -€399 | -32.5% |
| Recurring financial charges | 65 | €1,228 | €829 | -€399 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €230,635 | €323,331 | +€92,696 | +40.2% |
| Income taxes | 67/77 | €72,920 | €103,057 | +€30,137 | +41.3% |
| Profit (loss) for the period | 9904 | €157,715 | €220,274 | +€62,559 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €157,715 | €220,274 | +€62,559 | +39.7% |
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 24 October 2026 via checked.be.