FWIG: 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.
FWIG
Largest movements
- Stocks and contracts +€274,527
up €274,527 (+54.4%), from €505,105 to €779,632
- Cash -€39,173
down €39,173 (-96.7%), from €40,491 to €1,318
mainly Stocks and contracts (-€274,527) and Net result for the year (-€15,678)
- Short-term financial debts +€209,124
up €209,124 (+72.8%), from €287,250 to €496,374
- Trade debts +€43,327
new in 2025: €43,327
- Profit (loss) carried forward -€15,678
down €15,678 (-48.3%), from -€32,427 to -€48,105
- Gross operating margin +€21,927
up €21,927, from -€19,500 to €2,427
- Financial charges +€5,153
up €5,153 (+43.5%), from €11,844 to €16,997
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 | €549,823 | €786,596 | +€236,773 | +43.1% |
| Current assets | 29/58 | €549,823 | €786,596 | +€236,773 | +43.1% |
| Stocks and contracts in progress | 3 | €505,105 | €779,632 | +€274,527 | +54.4% |
| Stocks | 30/36 | €505,105 | €779,632 | +€274,527 | +54.4% |
| Amounts receivable within one year | 40/41 | €4,227 | €5,647 | +€1,420 | +33.6% |
| Other amounts receivable | 41 | €4,227 | €5,647 | +€1,420 | +33.6% |
| Cash at bank and in hand | 54/58 | €40,491 | €1,318 | -€39,173 | -96.7% |
| Total equity and liabilities | 10/49 | €549,823 | €786,596 | +€236,773 | +43.1% |
| Equity | 10/15 | €117,573 | €101,895 | -€15,678 | -13.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,427 | -€48,105 | -€15,678 | -48.3% |
| Amounts payable | 17/49 | €432,250 | €684,701 | +€252,452 | +58.4% |
| Amounts payable within one year | 42/48 | €432,250 | €684,701 | +€252,452 | +58.4% |
| Financial debts | 43 | €287,250 | €496,374 | +€209,124 | +72.8% |
| Credit institutions | 430/8 | €287,250 | €496,374 | +€209,124 | +72.8% |
| Trade debts | 44 | - | €43,327 | +€43,327 | |
| Suppliers | 440/4 | - | €43,327 | +€43,327 | |
| Other amounts payable | 47/48 | €145,000 | €145,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,083 | €1,108 | +€25 | +2.3% |
| Gross operating margin | 9900 | -€19,500 | €2,427 | +€21,927 | |
| Operating profit (loss) | 9901 | -€20,583 | €1,319 | +€21,902 | |
| Financial charges | 65/66B | €11,844 | €16,997 | +€5,153 | +43.5% |
| Recurring financial charges | 65 | €11,844 | €16,997 | +€5,153 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | -€32,427 | -€15,678 | +€16,749 | +51.7% |
| Profit (loss) for the period | 9904 | -€32,427 | -€15,678 | +€16,749 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,427 | -€15,678 | +€16,749 | +51.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.