IWC: what changed
Two fiscal 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.
IWC
Largest movements
- Receivables within one year +€233,929
up €233,929 (+39783.9%), from €588 to €234,517
of which Trade receivables: +€198,000
- Trade debts +€128,250
up €128,250 (+1417.9%), from €9,045 to €137,294
- Other debts +€72,600
up €72,600 (+21226.8%), from €342 to €72,942
- Profit (loss) carried forward +€30,399
up €30,399, from -€17,108 to €13,291
- Tax, wage and social debts +€4,838
new in 2026: €4,838
- Gross operating margin +€39,746
up €39,746, from -€3,224 to €36,521
- Taxes +€4,838
new in 2026: €4,838
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,278 | €238,365 | +€236,087 | +10362.2% |
| Current assets | 29/58 | €2,278 | €238,365 | +€236,087 | +10362.2% |
| Amounts receivable within one year | 40/41 | €588 | €234,517 | +€233,929 | +39783.9% |
| Trade receivables | 40 | - | €198,000 | +€198,000 | |
| Other amounts receivable | 41 | €588 | €36,517 | +€35,929 | +6110.4% |
| Cash at bank and in hand | 54/58 | €1,690 | €3,848 | +€2,158 | +127.7% |
| Total equity and liabilities | 10/49 | €2,278 | €238,365 | +€236,087 | +10362.2% |
| Equity | 10/15 | -€7,108 | €23,291 | +€30,399 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,108 | €13,291 | +€30,399 | |
| Amounts payable | 17/49 | €9,387 | €215,075 | +€205,688 | +2191.3% |
| Amounts payable within one year | 42/48 | €9,387 | €215,075 | +€205,688 | +2191.3% |
| Trade debts | 44 | €9,045 | €137,294 | +€128,250 | +1417.9% |
| Suppliers | 440/4 | €9,045 | €137,294 | +€128,250 | +1417.9% |
| Taxes, remuneration and social security | 45 | - | €4,838 | +€4,838 | |
| Taxes | 450/3 | - | €4,838 | +€4,838 | |
| Other amounts payable | 47/48 | €342 | €72,942 | +€72,600 | +21226.8% |
| Other operating charges | 640/8 | €1,162 | €808 | -€355 | -30.5% |
| Gross operating margin | 9900 | -€3,224 | €36,521 | +€39,746 | |
| Operating profit (loss) | 9901 | -€4,387 | €35,714 | +€40,100 | |
| Financial charges | 65/66B | €203 | €477 | +€274 | +135.3% |
| Recurring financial charges | 65 | €203 | €477 | +€274 | +135.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,589 | €35,237 | +€39,826 | |
| Income taxes | 67/77 | - | €4,838 | +€4,838 | |
| Profit (loss) for the period | 9904 | -€4,589 | €30,399 | +€34,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,589 | €30,399 | +€34,988 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.