THE 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.
THE WISE
Largest movements
- Receivables within one year +€11,683
up €11,683 (+157.5%), from €7,418 to €19,101
of which Other amounts receivable: +€10,230
- Tangible fixed assets +€5,819
new in 2025: €5,819
- Cash -€1,988
down €1,988 (-10.0%), from €19,914 to €17,926
mainly Receivables within one year (-€11,683) and Investment in fixed assets (net) (-€6,504)
- Reserves +€12,168
up €12,168 (+123.7%), from €9,834 to €22,002
- Tax, wage and social debts +€2,489
up €2,489 (+23.8%), from €10,443 to €12,932
of which Taxes: +€4,973
- Other debts +€2,303
up €2,303 (+85.2%), from €2,702 to €5,005
- Trade debts -€1,325
down €1,325 (-47.2%), from €2,809 to €1,484
- Gross operating margin +€4,296
up €4,296 (+32.2%), from €13,326 to €17,622
- Taxes +€1,056
up €1,056 (+39.4%), from €2,679 to €3,735
- Depreciation +€685
new in 2025: €685
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 | €28,288 | €43,923 | +€15,635 | +55.3% |
| Fixed assets | 21/28 | - | €5,819 | +€5,819 | |
| Tangible fixed assets | 22/27 | - | €5,819 | +€5,819 | |
| Furniture and vehicles | 24 | - | €5,819 | +€5,819 | |
| Current assets | 29/58 | €28,288 | €38,104 | +€9,816 | +34.7% |
| Amounts receivable within one year | 40/41 | €7,418 | €19,101 | +€11,683 | +157.5% |
| Trade receivables | 40 | €7,418 | €8,871 | +€1,453 | +19.6% |
| Other amounts receivable | 41 | - | €10,230 | +€10,230 | |
| Cash at bank and in hand | 54/58 | €19,914 | €17,926 | -€1,988 | -10.0% |
| Deferred charges and accrued income | 490/1 | €956 | €1,077 | +€121 | +12.7% |
| Total equity and liabilities | 10/49 | €28,288 | €43,923 | +€15,635 | +55.3% |
| Equity | 10/15 | €12,334 | €24,502 | +€12,168 | +98.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,834 | €22,002 | +€12,168 | +123.7% |
| Distributable reserves | 133 | €9,834 | €22,002 | +€12,168 | +123.7% |
| Amounts payable | 17/49 | €15,954 | €19,421 | +€3,467 | +21.7% |
| Amounts payable within one year | 42/48 | €15,954 | €19,421 | +€3,467 | +21.7% |
| Trade debts | 44 | €2,809 | €1,484 | -€1,325 | -47.2% |
| Suppliers | 440/4 | €2,809 | €1,484 | -€1,325 | -47.2% |
| Taxes, remuneration and social security | 45 | €10,443 | €12,932 | +€2,489 | +23.8% |
| Taxes | 450/3 | €5,443 | €10,416 | +€4,973 | +91.4% |
| Remuneration and social security | 454/9 | €5,000 | €2,516 | -€2,484 | -49.7% |
| Other amounts payable | 47/48 | €2,702 | €5,005 | +€2,303 | +85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €685 | +€685 | |
| Other operating charges | 640/8 | €798 | €966 | +€168 | +21.1% |
| Gross operating margin | 9900 | €13,326 | €17,622 | +€4,296 | +32.2% |
| Operating profit (loss) | 9901 | €12,528 | €15,971 | +€3,443 | +27.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €16 | €67 | +€51 | +318.8% |
| Recurring financial charges | 65 | €16 | €67 | +€51 | +318.8% |
| Non-recurring financial charges | 66B | €16 | - | -€16 | |
| Profit (loss) for the period before taxes | 9903 | €12,513 | €15,904 | +€3,391 | +27.1% |
| Income taxes | 67/77 | €2,679 | €3,735 | +€1,056 | +39.4% |
| Profit (loss) for the period | 9904 | €9,834 | €12,169 | +€2,335 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,834 | €12,169 | +€2,335 | +23.7% |
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 3 October 2026 via checked.be.