WI-invest: what changed
WI-invest
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+36.5%), from €2.8m to €3.8m
of which Leasing and similar rights: +€1.1m
- Cash +€163,647
up €163,647 (+243%), from €67,359 to €231,006
mainly Depreciation (+€1.5m) and Debts after one year (+€958,092)
- Debts after one year +€958,092
up €958,092 (+64.6%), from €1.5m to €2.4m
- Current portion of long-term debt +€398,061
up €398,061 (+47.5%), from €838,770 to €1.2m
- Other debts -€325,454
down €325,454 (-88.4%), from €368,157 to €42,703
- Trade debts +€86,260
up €86,260 (+22.6%), from €382,050 to €468,310
- Reserves +€85,405
up €85,405 (+3.4%), from €2.5m to €2.6m
of which Distributable reserves: +€85,405
- Gross operating margin -€757,227
down €757,227 (-28.8%), from €2.6m to €1.9m
- Depreciation +€494,897
up €494,897 (+47.8%), from €1.0m to €1.5m
- Taxes -€329,762
down €329,762 (-88.5%), from €372,465 to €42,703
- Financial charges +€53,518
up €53,518 (+50.7%), from €105,503 to €159,021
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,651,748 | €6,856,815 | +€1.2m | +21.3% |
| Fixed assets | 21/28 | €2,812,261 | €3,839,912 | +€1.0m | +36.5% |
| Tangible fixed assets | 22/27 | €2,812,261 | €3,839,912 | +€1.0m | +36.5% |
| Plant, machinery and equipment | 23 | €161,833 | €54,919 | -€106,914 | -66.1% |
| Leasing and similar rights | 25 | €2,650,427 | €3,784,993 | +€1.1m | +42.8% |
| Current assets | 29/58 | €2,839,487 | €3,016,903 | +€177,416 | +6.2% |
| Amounts receivable within one year | 40/41 | €2,766,841 | €2,774,120 | +€7,280 | +0.3% |
| Trade receivables | 40 | €2,721,626 | €2,508,392 | -€213,233 | -7.8% |
| Other amounts receivable | 41 | €45,215 | €265,728 | +€220,513 | +488% |
| Cash at bank and in hand | 54/58 | €67,359 | €231,006 | +€163,647 | +243% |
| Deferred charges and accrued income | 490/1 | €5,287 | €11,777 | +€6,489 | +123% |
| Total equity and liabilities | 10/49 | €5,651,748 | €6,856,815 | +€1.2m | +21.3% |
| Equity | 10/15 | €2,580,105 | €2,665,511 | +€85,405 | +3.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,530,105 | €2,615,511 | +€85,405 | +3.4% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €2,525,105 | €2,610,511 | +€85,405 | +3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,071,643 | €4,191,305 | +€1.1m | +36.5% |
| Amounts payable after more than one year | 17 | €1,482,666 | €2,440,758 | +€958,092 | +64.6% |
| Financial debts | 170/4 | €1,482,666 | €2,440,758 | +€958,092 | +64.6% |
| Amounts payable within one year | 42/48 | €1,588,977 | €1,750,547 | +€161,570 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €838,770 | €1,236,832 | +€398,061 | +47.5% |
| Trade debts | 44 | €382,050 | €468,310 | +€86,260 | +22.6% |
| Suppliers | 440/4 | €382,050 | €468,310 | +€86,260 | +22.6% |
| Taxes, remuneration and social security | 45 | €0 | €2,703 | +€2,703 | |
| Taxes | 450/3 | €0 | €2,703 | +€2,703 | |
| Other amounts payable | 47/48 | €368,157 | €42,703 | -€325,454 | -88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,035,204 | €1,530,101 | +€494,897 | +47.8% |
| Other operating charges | 640/8 | €15,555 | €16,036 | +€482 | +3.1% |
| Gross operating margin | 9900 | €2,633,196 | €1,875,969 | -€757,227 | -28.8% |
| Operating profit (loss) | 9901 | €1,582,438 | €329,832 | -€1.3m | -79.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €105,503 | €159,021 | +€53,518 | +50.7% |
| Recurring financial charges | 65 | €105,503 | €159,021 | +€53,518 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | €1,476,935 | €170,811 | -€1.3m | -88.4% |
| Income taxes | 67/77 | €372,465 | €42,703 | -€329,762 | -88.5% |
| Profit (loss) for the period | 9904 | €1,104,470 | €128,108 | -€976,362 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,104,470 | €128,108 | -€976,362 | -88.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.