IWIT2: 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.
IWIT2
Largest movements
- Cash -€31,856
down €31,856 (-15.5%), from €205,535 to €173,678
mainly Contributions, distributions and other (-€99,279) and Current investments (-€3,921)
- Financial fixed assets -€21,200
no longer reported in 2025 (was €21,200)
- Reserves -€57,283
down €57,283 (-8.3%), from €687,340 to €630,057
- Tax, wage and social debts +€10,268
up €10,268 (+24.8%), from €41,340 to €51,607
- Gross operating margin -€149,619
down €149,619, from €129,540 to -€20,079
- Taxes -€16,296
down €16,296 (-34.5%), from €47,242 to €30,946
- Financial income +€9,202
up €9,202 (+10.1%), from €91,265 to €100,467
of which Non-recurring financial income: +€82,800
- Depreciation +€1,568
up €1,568 (+62.6%), from €2,504 to €4,073
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 | €747,746 | €700,384 | -€47,363 | -6.3% |
| Fixed assets | 21/28 | €29,505 | €10,716 | -€18,789 | -63.7% |
| Tangible fixed assets | 22/27 | €8,305 | €10,716 | +€2,411 | +29.0% |
| Plant, machinery and equipment | 23 | €7,691 | €10,411 | +€2,720 | +35.4% |
| Furniture and vehicles | 24 | €613 | €305 | -€308 | -50.3% |
| Financial fixed assets | 28 | €21,200 | - | -€21,200 | |
| Current assets | 29/58 | €718,242 | €689,668 | -€28,574 | -4.0% |
| Amounts receivable within one year | 40/41 | €7,441 | €7,819 | +€378 | +5.1% |
| Other amounts receivable | 41 | €7,441 | €7,819 | +€378 | +5.1% |
| Current investments | 50/53 | €500,023 | €503,943 | +€3,921 | +0.8% |
| Cash at bank and in hand | 54/58 | €205,535 | €173,678 | -€31,856 | -15.5% |
| Deferred charges and accrued income | 490/1 | €5,243 | €4,227 | -€1,016 | -19.4% |
| Total equity and liabilities | 10/49 | €747,746 | €700,384 | -€47,363 | -6.3% |
| Equity | 10/15 | €705,940 | €648,657 | -€57,283 | -8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €687,340 | €630,057 | -€57,283 | -8.3% |
| Distributable reserves | 133 | €687,340 | €630,057 | -€57,283 | -8.3% |
| Amounts payable | 17/49 | €41,806 | €51,727 | +€9,921 | +23.7% |
| Amounts payable within one year | 42/48 | €41,806 | €51,727 | +€9,921 | +23.7% |
| Trade debts | 44 | €466 | €119 | -€347 | -74.4% |
| Suppliers | 440/4 | €466 | €119 | -€347 | -74.4% |
| Taxes, remuneration and social security | 45 | €41,340 | €51,607 | +€10,268 | +24.8% |
| Taxes | 450/3 | €41,340 | €51,607 | +€10,268 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,504 | €4,073 | +€1,568 | +62.6% |
| Other operating charges | 640/8 | €1,047 | €1,372 | +€325 | +31.0% |
| Non-recurring operating charges | 66A | - | €908 | +€908 | |
| Gross operating margin | 9900 | €129,540 | -€20,079 | -€149,619 | |
| Operating profit (loss) | 9901 | €125,988 | -€26,432 | -€152,420 | |
| Financial income | 75/76B | €91,265 | €100,467 | +€9,202 | +10.1% |
| Recurring financial income | 75 | €91,265 | €17,667 | -€73,598 | -80.6% |
| Non-recurring financial income | 76B | - | €82,800 | +€82,800 | |
| Financial charges | 65/66B | €2,219 | €1,093 | -€1,127 | -50.8% |
| Recurring financial charges | 65 | €2,219 | €1,093 | -€1,127 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €215,034 | €72,942 | -€142,092 | -66.1% |
| Income taxes | 67/77 | €47,242 | €30,946 | -€16,296 | -34.5% |
| Profit (loss) for the period | 9904 | €167,792 | €41,996 | -€125,796 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €167,792 | €41,996 | -€125,796 | -75.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.