WICAJO: what changed
WICAJO
Largest movements
- Stocks and contracts -€119,340
down €119,340 (-91.0%), from €131,133 to €11,793
- Cash +€36,925
up €36,925 (+734%), from €5,033 to €41,959
mainly Stocks and contracts (+€119,340) and Receivables within one year (+€24,115)
- Receivables within one year -€24,115
down €24,115 (-83.9%), from €28,735 to €4,620
of which Other amounts receivable: -€26,187
- Tangible fixed assets -€9,340
down €9,340 (-29.8%), from €31,377 to €22,038
of which Furniture and vehicles: -€6,259
- Deferred charges and accrued income -€2,265
down €2,265 (-41.8%), from €5,421 to €3,155
- Trade debts -€57,963
down €57,963 (-53.7%), from €107,866 to €49,903
- Profit (loss) carried forward -€31,196
down €31,196 (-11.9%), from -€261,852 to -€293,047
- Tax, wage and social debts -€27,681
down €27,681 (-93.7%), from €29,537 to €1,857
of which Remuneration and social security: -€25,310
- Debts after one year -€6,561
down €6,561 (-65.8%), from €9,966 to €3,406
- Other debts +€4,945
up €4,945 (+11.6%), from €42,803 to €47,748
- Gross operating margin -€76,825
down €76,825 (-96.2%), from €79,885 to €3,060
- Taxes -€16,014
down €16,014, from €8,293 to -€7,721
- Staff costs -€14,996
down €14,996 (-34.3%), from €43,714 to €28,718
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 | €201,699 | €83,565 | -€118,134 | -58.6% |
| Fixed assets | 21/28 | €31,377 | €22,038 | -€9,340 | -29.8% |
| Tangible fixed assets | 22/27 | €31,377 | €22,038 | -€9,340 | -29.8% |
| Land and buildings | 22 | €1,054 | €343 | -€711 | -67.5% |
| Plant, machinery and equipment | 23 | €9,083 | €6,713 | -€2,370 | -26.1% |
| Furniture and vehicles | 24 | €21,240 | €14,981 | -€6,259 | -29.5% |
| Current assets | 29/58 | €170,321 | €61,527 | -€108,794 | -63.9% |
| Stocks and contracts in progress | 3 | €131,133 | €11,793 | -€119,340 | -91.0% |
| Stocks | 30/36 | €131,133 | €11,793 | -€119,340 | -91.0% |
| Amounts receivable within one year | 40/41 | €28,735 | €4,620 | -€24,115 | -83.9% |
| Trade receivables | 40 | €1,943 | €4,016 | +€2,073 | +107% |
| Other amounts receivable | 41 | €26,791 | €604 | -€26,187 | -97.7% |
| Cash at bank and in hand | 54/58 | €5,033 | €41,959 | +€36,925 | +734% |
| Deferred charges and accrued income | 490/1 | €5,421 | €3,155 | -€2,265 | -41.8% |
| Total equity and liabilities | 10/49 | €201,699 | €83,565 | -€118,134 | -58.6% |
| Equity | 10/15 | €5,286 | -€25,910 | -€31,196 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €260,937 | €260,937 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €259,077 | €259,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€261,852 | -€293,047 | -€31,196 | -11.9% |
| Amounts payable | 17/49 | €196,413 | €109,474 | -€86,938 | -44.3% |
| Amounts payable after more than one year | 17 | €9,966 | €3,406 | -€6,561 | -65.8% |
| Financial debts | 170/4 | €9,966 | €3,406 | -€6,561 | -65.8% |
| Amounts payable within one year | 42/48 | €186,447 | €106,069 | -€80,378 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €6,240 | €6,561 | +€320 | +5.1% |
| Trade debts | 44 | €107,866 | €49,903 | -€57,963 | -53.7% |
| Suppliers | 440/4 | €107,866 | €49,903 | -€57,963 | -53.7% |
| Taxes, remuneration and social security | 45 | €29,537 | €1,857 | -€27,681 | -93.7% |
| Taxes | 450/3 | €4,227 | €1,857 | -€2,371 | -56.1% |
| Remuneration and social security | 454/9 | €25,310 | €0 | -€25,310 | -100% |
| Other amounts payable | 47/48 | €42,803 | €47,748 | +€4,945 | +11.6% |
| Remuneration, social security and pensions | 62 | €43,714 | €28,718 | -€14,996 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,340 | €9,340 | = | 0.0% |
| Other operating charges | 640/8 | €630 | €1,293 | +€662 | +105% |
| Gross operating margin | 9900 | €79,885 | €3,060 | -€76,825 | -96.2% |
| Operating profit (loss) | 9901 | €26,201 | -€36,291 | -€62,491 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €3,410 | €2,628 | -€783 | -23.0% |
| Recurring financial charges | 65 | €3,410 | €2,628 | -€783 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €22,790 | -€38,917 | -€61,707 | |
| Income taxes | 67/77 | €8,293 | -€7,721 | -€16,014 | |
| Profit (loss) for the period | 9904 | €14,497 | -€31,196 | -€45,693 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,497 | -€31,196 | -€45,693 |
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 5 November 2026 via checked.be.