WHIISII: 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.
WHIISII
Largest movements
- Stocks and contracts -€573,611
down €573,611 (-83.5%), from €687,246 to €113,635
- Receivables within one year +€64,785
up €64,785 (+475%), from €13,645 to €78,430
of which Trade receivables: +€77,500
- Cash +€47,346
up €47,346 (+9,979%), from €474 to €47,821
mainly Stocks and contracts (+€573,611) and Net result for the year (+€36,220)
- Tangible fixed assets +€11,271
new in 2025: €11,271
- Short-term financial debts -€275,000
down €275,000 (-100%), from €275,000 to €0
- Other debts -€187,315
down €187,315 (-100%), from €187,315 to €0
- Debts after one year -€60,000
down €60,000 (-100%), from €60,000 to €0
- Trade debts +€23,930
up €23,930 (+4,246%), from €564 to €24,493
- Profit (loss) carried forward +€22,765
up €22,765, from -€22,765 to €0
- Gross operating margin +€56,289
up €56,289, from -€5,253 to €51,036
- Financial charges -€11,849
down €11,849 (-72.0%), from €16,460 to €4,611
- Taxes +€5,057
up €5,057, from €0 to €5,057
- Depreciation +€2,612
new in 2025: €2,612
- Other operating charges +€1,485
up €1,485 (+141%), from €1,053 to €2,537
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €701,365 | €251,157 | -€450,209 | -64.2% |
| Fixed assets | 21/28 | - | €11,271 | +€11,271 | |
| Tangible fixed assets | 22/27 | - | €11,271 | +€11,271 | |
| Plant, machinery and equipment | 23 | - | €11,271 | +€11,271 | |
| Current assets | 29/58 | €701,365 | €239,886 | -€461,479 | -65.8% |
| Stocks and contracts in progress | 3 | €687,246 | €113,635 | -€573,611 | -83.5% |
| Stocks | 30/36 | €687,246 | €113,635 | -€573,611 | -83.5% |
| Amounts receivable within one year | 40/41 | €13,645 | €78,430 | +€64,785 | +475% |
| Trade receivables | 40 | - | €77,500 | +€77,500 | |
| Other amounts receivable | 41 | €13,645 | €930 | -€12,715 | -93.2% |
| Cash at bank and in hand | 54/58 | €474 | €47,821 | +€47,346 | +9,979% |
| Total equity and liabilities | 10/49 | €701,365 | €251,157 | -€450,209 | -64.2% |
| Equity | 10/15 | €176,248 | €212,468 | +€36,220 | +20.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €169,013 | €182,468 | +€13,455 | +8.0% |
| Distributable reserves | 133 | €169,013 | €182,468 | +€13,455 | +8.0% |
| Profit (loss) carried forward | 14 | -€22,765 | €0 | +€22,765 | |
| Amounts payable | 17/49 | €525,117 | €38,688 | -€486,428 | -92.6% |
| Amounts payable after more than one year | 17 | €60,000 | €0 | -€60,000 | -100% |
| Financial debts | 170/4 | €60,000 | €0 | -€60,000 | -100% |
| Amounts payable within one year | 42/48 | €463,121 | €38,688 | -€424,433 | -91.6% |
| Financial debts | 43 | €275,000 | €0 | -€275,000 | -100% |
| Credit institutions | 430/8 | €275,000 | €0 | -€275,000 | -100% |
| Trade debts | 44 | €564 | €24,493 | +€23,930 | +4,246% |
| Suppliers | 440/4 | €564 | €24,493 | +€23,930 | +4,246% |
| Taxes, remuneration and social security | 45 | €243 | €14,195 | +€13,952 | +5,744% |
| Taxes | 450/3 | €243 | €12,420 | +€12,177 | +5,013% |
| Remuneration and social security | 454/9 | - | €1,775 | +€1,775 | |
| Other amounts payable | 47/48 | €187,315 | €0 | -€187,315 | -100% |
| Accrued charges and deferred income | 492/3 | €1,995 | €0 | -€1,995 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,612 | +€2,612 | |
| Other operating charges | 640/8 | €1,053 | €2,537 | +€1,485 | +141% |
| Gross operating margin | 9900 | -€5,253 | €51,036 | +€56,289 | |
| Operating profit (loss) | 9901 | -€6,306 | €45,888 | +€52,193 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €16,460 | €4,611 | -€11,849 | -72.0% |
| Recurring financial charges | 65 | €16,460 | €4,611 | -€11,849 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,765 | €41,277 | +€64,042 | |
| Income taxes | 67/77 | €0 | €5,057 | +€5,057 | |
| Profit (loss) for the period | 9904 | -€22,765 | €36,220 | +€58,984 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,765 | €36,220 | +€58,984 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.