T - WISE: 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.
T - WISE
Largest movements
- Current investments +€73,352
up €73,352 (+9.7%), from €756,923 to €830,275
- Receivables within one year -€18,295
down €18,295 (-74.7%), from €24,495 to €6,200
of which Trade receivables: -€18,295
- Other debts +€32,288
up €32,288 (+204.1%), from €15,818 to €48,107
- Reserves +€22,053
up €22,053 (+2.8%), from €791,386 to €813,439
of which Distributable reserves: +€22,053
- Financial income +€88,950
up €88,950 (+561.7%), from €15,835 to €104,785
- Taxes +€48,999
up €48,999 (+780.2%), from €6,281 to €55,280
- Gross operating margin +€14,744
up €14,744 (+55.3%), from €26,682 to €41,426
- Financial charges +€3,025
up €3,025 (+1035.6%), from €292 to €3,317
- Depreciation -€1,508
down €1,508 (-13.0%), from €11,639 to €10,131
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 | €845,577 | €898,458 | +€52,881 | +6.3% |
| Fixed assets | 21/28 | €16,601 | €20,049 | +€3,448 | +20.8% |
| Tangible fixed assets | 22/27 | €16,601 | €20,049 | +€3,448 | +20.8% |
| Plant, machinery and equipment | 23 | €3,850 | €4,150 | +€300 | +7.8% |
| Furniture and vehicles | 24 | €12,751 | €15,899 | +€3,149 | +24.7% |
| Current assets | 29/58 | €828,976 | €878,409 | +€49,433 | +6.0% |
| Amounts receivable within one year | 40/41 | €24,495 | €6,200 | -€18,295 | -74.7% |
| Trade receivables | 40 | €18,295 | - | -€18,295 | |
| Other amounts receivable | 41 | €6,200 | €6,200 | = | 0.0% |
| Current investments | 50/53 | €756,923 | €830,275 | +€73,352 | +9.7% |
| Cash at bank and in hand | 54/58 | €45,898 | €41,396 | -€4,502 | -9.8% |
| Deferred charges and accrued income | 490/1 | €1,659 | €538 | -€1,122 | -67.6% |
| Total equity and liabilities | 10/49 | €845,577 | €898,458 | +€52,881 | +6.3% |
| Equity | 10/15 | €811,386 | €833,439 | +€22,053 | +2.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €791,386 | €813,439 | +€22,053 | +2.8% |
| Non-distributable reserves | 130/1 | €8,300 | €8,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,300 | €8,300 | = | 0.0% |
| Distributable reserves | 133 | €783,086 | €805,139 | +€22,053 | +2.8% |
| Amounts payable | 17/49 | €34,191 | €65,019 | +€30,828 | +90.2% |
| Amounts payable within one year | 42/48 | €33,256 | €64,575 | +€31,319 | +94.2% |
| Trade debts | 44 | €1,337 | €1,242 | -€94 | -7.0% |
| Suppliers | 440/4 | €1,337 | €1,242 | -€94 | -7.0% |
| Taxes, remuneration and social security | 45 | €16,101 | €15,226 | -€875 | -5.4% |
| Taxes | 450/3 | €16,101 | €15,226 | -€875 | -5.4% |
| Other amounts payable | 47/48 | €15,818 | €48,107 | +€32,288 | +204.1% |
| Accrued charges and deferred income | 492/3 | €935 | €444 | -€491 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,639 | €10,131 | -€1,508 | -13.0% |
| Other operating charges | 640/8 | €843 | €429 | -€414 | -49.1% |
| Gross operating margin | 9900 | €26,682 | €41,426 | +€14,744 | +55.3% |
| Operating profit (loss) | 9901 | €14,200 | €30,866 | +€16,666 | +117.4% |
| Financial income | 75/76B | €15,835 | €104,785 | +€88,950 | +561.7% |
| Recurring financial income | 75 | €15,835 | €104,785 | +€88,950 | +561.7% |
| Financial charges | 65/66B | €292 | €3,317 | +€3,025 | +1035.6% |
| Recurring financial charges | 65 | €292 | €3,317 | +€3,025 | +1035.6% |
| Profit (loss) for the period before taxes | 9903 | €29,743 | €132,333 | +€102,591 | +344.9% |
| Income taxes | 67/77 | €6,281 | €55,280 | +€48,999 | +780.2% |
| Profit (loss) for the period | 9904 | €23,462 | €77,053 | +€53,591 | +228.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,462 | €77,053 | +€53,591 | +228.4% |
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 6 October 2026 via checked.be.