JC WIBO: 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.
What changed
JC WIBO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€17.5m
2024 · €945,032-€18.5m
Equity
€39.0m
2024 · €56.8m-€17.8m
Cash
€279,932
2024 · €114,144+€165,788
Balance sheet total
€41.0m
2024 · €58.4m-€17.5m
Largest movements
Assets
- Financial fixed assets -€18.6m
down €18.6m (-35.0%), from €53.1m to €34.6m
of which Affiliated companies: -€17.1m
- Receivables within one year +€1.1m
up €1.1m (+80.5%), from €1.4m to €2.5m
of which Other amounts receivable: +€830,561
Equity and liabilities
- Profit (loss) carried forward -€17.8m
down €17.8m (-35.2%), from €50.6m to €32.8m
Income statement
- Financial charges +€18.1m
up €18.1m (+4,129%), from €438,073 to €18.5m
of which Non-recurring financial charges: +€18.1m
- Turnover +€195,445
up €195,445 (+15.3%), from €1.3m to €1.5m
- Financial income -€162,480
down €162,480 (-12.8%), from €1.3m to €1.1m
of which Financial income: -€301,980
- Services and other goods +€74,480
up €74,480 (+6.9%), from €1.1m to €1.2m
- Staff costs +€31,110
up €31,110 (+7.5%), from €413,761 to €444,871
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.
Result 2024
€945,032
Turnover
+€195,445
Other operating income
-€2,233
Services and other goods
-€74,480
Staff costs
-€31,110
Depreciation
-€204
Other operating charges
-€238
Other operating items
-€319,229
Financial income
-€162,480
Financial charges
-€18.1m
Taxes
-€1,088
Result 2025
-€17.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€17.9m
Investment
+€18.6m
Financing
-€526,682
Cash 2024
€114,144
From operations (derived)
-€17.9m
Net result for the year
-€17.5m
Depreciation
+€1,491
Receivables after one year
+€229,887
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€94,914
Trade debts
+€173,427
Smaller working-capital items
-€19,972
Other debts
+€436,480
Investment (derived)
+€18.6m
Investment in fixed assets (net)
+€18.6m
Current investments
+€26,985
Financing
-€526,682
Current portion of long-term debt
-€142,682
Short-term financial debts
-€134,000
Contributions, distributions and other
-€250,000
Cash 2025
€279,932
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,426,677 | €40,952,472 | -€17.5m | -29.9% |
| Fixed assets | 21/28 | €53,161,731 | €34,577,002 | -€18.6m | -35.0% |
| Intangible fixed assets | 21 | €541 | - | -€541 | |
| Tangible fixed assets | 22/27 | €13,296 | €13,469 | +€173 | +1.3% |
| Furniture and vehicles | 24 | €576 | €749 | +€173 | +30.0% |
| Other tangible fixed assets | 26 | €12,720 | €12,720 | = | 0.0% |
| Financial fixed assets | 28 | €53,147,894 | €34,563,533 | -€18.6m | -35.0% |
| Affiliated companies | 280/1 | €41,447,159 | €24,362,799 | -€17.1m | -41.2% |
| Participating interests | 280 | €41,404,714 | €24,362,799 | -€17.0m | -41.2% |
| Amounts receivable | 281 | €42,445 | - | -€42,445 | |
| Companies linked by participating interests | 282/3 | €10,875,000 | €9,375,000 | -€1.5m | -13.8% |
| Participating interests | 282 | €10,875,000 | €9,375,000 | -€1.5m | -13.8% |
| Other financial fixed assets | 284/8 | €825,734 | €825,734 | -€0 | 0.0% |
| Shares | 284 | €825,734 | €825,734 | -€0 | 0.0% |
| Current assets | 29/58 | €5,264,946 | €6,375,470 | +€1.1m | +21.1% |
| Amounts receivable after more than one year | 29 | €2,719,200 | €2,489,313 | -€229,887 | -8.5% |
| Other amounts receivable | 291 | €2,719,200 | €2,489,313 | -€229,887 | -8.5% |
| Amounts receivable within one year | 40/41 | €1,374,124 | €2,480,819 | +€1.1m | +80.5% |
| Trade receivables | 40 | €926,902 | €1,203,035 | +€276,133 | +29.8% |
| Other amounts receivable | 41 | €447,223 | €1,277,784 | +€830,561 | +186% |
| Current investments | 50/53 | €1,024,113 | €997,128 | -€26,985 | -2.6% |
| Own shares | 50 | €714,450 | €714,450 | = | 0.0% |
| Other investments | 51/53 | €309,663 | €282,678 | -€26,985 | -8.7% |
| Cash at bank and in hand | 54/58 | €114,144 | €279,932 | +€165,788 | +145% |
| Deferred charges and accrued income | 490/1 | €33,364 | €128,278 | +€94,914 | +284% |
| Total equity and liabilities | 10/49 | €58,426,677 | €40,952,472 | -€17.5m | -29.9% |
| Equity | 10/15 | €56,768,733 | €38,981,275 | -€17.8m | -31.3% |
| Contributions | 10/11 | €4,826,000 | €4,826,000 | = | 0.0% |
| Capital | 10 | €4,826,000 | €4,826,000 | = | 0.0% |
| Issued capital | 100 | €4,826,000 | €4,826,000 | = | 0.0% |
| Reserves | 13 | €1,357,050 | €1,357,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,357,050 | €1,357,050 | = | 0.0% |
| Legal reserve | 130 | €642,600 | €642,600 | = | 0.0% |
| Own shares acquired | 1312 | €714,450 | €714,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,585,683 | €32,798,225 | -€17.8m | -35.2% |
| Amounts payable | 17/49 | €1,657,944 | €1,971,197 | +€313,253 | +18.9% |
| Amounts payable within one year | 42/48 | €1,657,944 | €1,971,196 | +€313,252 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €142,682 | - | -€142,682 | |
| Financial debts | 43 | €1,294,000 | €1,160,000 | -€134,000 | -10.4% |
| Credit institutions | 430/8 | €1,294,000 | €1,160,000 | -€134,000 | -10.4% |
| Trade debts | 44 | €146,081 | €319,508 | +€173,427 | +119% |
| Suppliers | 440/4 | €146,081 | €319,508 | +€173,427 | +119% |
| Taxes, remuneration and social security | 45 | €75,181 | €55,208 | -€19,973 | -26.6% |
| Taxes | 450/3 | €6,561 | €19,939 | +€13,378 | +204% |
| Remuneration and social security | 454/9 | €68,620 | €35,270 | -€33,350 | -48.6% |
| Other amounts payable | 47/48 | - | €436,480 | +€436,480 | |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Operating income | 70/76A | €1,618,235 | €1,489,092 | -€129,143 | -8.0% |
| Turnover | 70 | €1,281,464 | €1,476,909 | +€195,445 | +15.3% |
| Other operating income | 74 | €13,156 | €10,923 | -€2,233 | -17.0% |
| Non-recurring operating income | 76A | €323,615 | €1,261 | -€322,354 | -99.6% |
| Operating charges | 60/66A | €1,502,337 | €1,605,242 | +€102,905 | +6.8% |
| Services and other goods | 61 | €1,083,203 | €1,157,683 | +€74,480 | +6.9% |
| Remuneration, social security and pensions | 62 | €413,761 | €444,871 | +€31,110 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,287 | €1,491 | +€204 | +15.8% |
| Other operating charges | 640/8 | €960 | €1,198 | +€238 | +24.8% |
| Non-recurring operating charges | 66A | €3,125 | - | -€3,125 | |
| Operating profit (loss) | 9901 | €115,898 | -€116,150 | -€232,048 | |
| Financial income | 75/76B | €1,268,424 | €1,105,944 | -€162,480 | -12.8% |
| Recurring financial income | 75 | €1,268,424 | €966,444 | -€301,980 | -23.8% |
| Income from financial fixed assets | 750 | €1,236,981 | €857,545 | -€379,436 | -30.7% |
| Income from current assets | 751 | €31,442 | €108,900 | +€77,458 | +246% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | - | €139,499 | +€139,499 | |
| Financial charges | 65/66B | €438,073 | €18,524,947 | +€18.1m | +4,129% |
| Recurring financial charges | 65 | €54,637 | €68,652 | +€14,015 | +25.7% |
| Debt charges | 650 | €44,314 | €63,849 | +€19,535 | +44.1% |
| Other financial charges | 652/9 | €10,324 | €4,803 | -€5,521 | -53.5% |
| Non-recurring financial charges | 66B | €383,435 | €18,456,294 | +€18.1m | +4,713% |
| Profit (loss) for the period before taxes | 9903 | €946,250 | -€17,535,153 | -€18.5m | |
| Income taxes | 67/77 | €1,217 | €2,305 | +€1,088 | +89.3% |
| Taxes | 670/3 | €1,217 | €2,305 | +€1,088 | +89.3% |
| Profit (loss) for the period | 9904 | €945,032 | -€17,537,458 | -€18.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €945,032 | -€17,537,458 | -€18.5m |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.