Pwiic: 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.
Pwiic
Largest movements
- Cash -€24,412
down €24,412 (-42.8%), from €57,040 to €32,627
mainly Net result for the year (-€33,901) and Receivables within one year (-€16,716)
- Receivables within one year +€16,716
up €16,716 (+79.4%), from €21,044 to €37,760
of which Trade receivables: +€16,716
- Intangible fixed assets -€14,920
down €14,920 (-54.5%), from €27,353 to €12,433
- Deferred charges and accrued income -€2,949
down €2,949 (-47.7%), from €6,185 to €3,236
- Profit (loss) carried forward -€33,901
down €33,901 (-8.9%), from -€381,638 to -€415,539
- Tax, wage and social debts +€4,630
up €4,630 (+35.2%), from €13,155 to €17,785
of which Remuneration and social security: +€4,297
- Trade debts +€3,668
up €3,668 (+59.5%), from €6,168 to €9,836
- Gross operating margin +€5,789
up €5,789 (+18.4%), from €31,530 to €37,318
- Staff costs +€1,301
up €1,301 (+2.4%), from €53,735 to €55,036
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 | €112,280 | €86,714 | -€25,566 | -22.8% |
| Fixed assets | 21/28 | €28,010 | €13,090 | -€14,920 | -53.3% |
| Intangible fixed assets | 21 | €27,353 | €12,433 | -€14,920 | -54.5% |
| Financial fixed assets | 28 | €657 | €657 | = | 0.0% |
| Current assets | 29/58 | €84,269 | €73,623 | -€10,646 | -12.6% |
| Amounts receivable within one year | 40/41 | €21,044 | €37,760 | +€16,716 | +79.4% |
| Trade receivables | 40 | €5,310 | €22,026 | +€16,716 | +314.8% |
| Other amounts receivable | 41 | €15,734 | €15,734 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €57,040 | €32,627 | -€24,412 | -42.8% |
| Deferred charges and accrued income | 490/1 | €6,185 | €3,236 | -€2,949 | -47.7% |
| Total equity and liabilities | 10/49 | €112,280 | €86,714 | -€25,566 | -22.8% |
| Equity | 10/15 | €92,862 | €58,986 | -€33,876 | -36.5% |
| Contributions | 10/11 | €474,500 | €474,525 | +€25 | 0.0% |
| Profit (loss) carried forward | 14 | -€381,638 | -€415,539 | -€33,901 | -8.9% |
| Amounts payable | 17/49 | €19,417 | €27,728 | +€8,310 | +42.8% |
| Amounts payable within one year | 42/48 | €19,417 | €27,728 | +€8,310 | +42.8% |
| Financial debts | 43 | €25 | - | -€25 | |
| Credit institutions | 430/8 | €25 | - | -€25 | |
| Trade debts | 44 | €6,168 | €9,836 | +€3,668 | +59.5% |
| Suppliers | 440/4 | €6,168 | €9,836 | +€3,668 | +59.5% |
| Taxes, remuneration and social security | 45 | €13,155 | €17,785 | +€4,630 | +35.2% |
| Taxes | 450/3 | €6,012 | €6,345 | +€333 | +5.5% |
| Remuneration and social security | 454/9 | €7,142 | €11,439 | +€4,297 | +60.2% |
| Other amounts payable | 47/48 | €69 | €107 | +€38 | +54.6% |
| Remuneration, social security and pensions | 62 | €53,735 | €55,036 | +€1,301 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,920 | €14,920 | = | 0.0% |
| Other operating charges | 640/8 | €640 | €510 | -€130 | -20.3% |
| Gross operating margin | 9900 | €31,530 | €37,318 | +€5,789 | +18.4% |
| Operating profit (loss) | 9901 | -€37,765 | -€33,148 | +€4,617 | +12.2% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €561 | €753 | +€192 | +34.2% |
| Recurring financial charges | 65 | €561 | €753 | +€192 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,321 | -€33,901 | +€4,419 | +11.5% |
| Profit (loss) for the period | 9904 | -€38,321 | -€33,901 | +€4,419 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,321 | -€33,901 | +€4,419 | +11.5% |
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 5 October 2026 via checked.be.