WICAN: 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.
WICAN
Largest movements
- Tangible fixed assets +€758,960
up €758,960 (+126%), from €602,607 to €1.4m
of which Land and buildings: +€759,788
- Current investments -€613,566
down €613,566 (-50.7%), from €1.2m to €596,434
- Receivables within one year -€336,068
down €336,068 (-23.2%), from €1.4m to €1.1m
of which Other amounts receivable: -€364,848
- Receivables after one year -€306,083
down €306,083 (-11.3%), from €2.7m to €2.4m
- Cash +€199,465
up €199,465 (+182%), from €109,439 to €308,904
mainly Current investments (+€613,566) and Receivables within one year (+€336,068)
- Profit (loss) carried forward -€338,540
down €338,540 (-20.4%), from -€1.7m to -€2.0m
- Financial charges +€138,933
up €138,933 (+126%), from €110,542 to €249,475
of which Non-recurring financial charges: +€99,999
- Gross operating margin -€80,985
down €80,985 (-95.2%), from €85,075 to €4,090
- Depreciation +€34,151
up €34,151 (+48.5%), from €70,351 to €104,502
- Other operating charges +€22,417
up €22,417 (+38.5%), from €58,238 to €80,656
- Financial income -€5,553
down €5,553 (-5.7%), from €97,555 to €92,003
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 | €6,548,195 | €6,198,867 | -€349,329 | -5.3% |
| Fixed assets | 21/28 | €1,003,983 | €1,632,805 | +€628,822 | +62.6% |
| Intangible fixed assets | 21 | €301,376 | €271,238 | -€30,138 | -10.0% |
| Tangible fixed assets | 22/27 | €602,607 | €1,361,567 | +€758,960 | +126% |
| Land and buildings | 22 | €583,263 | €1,343,051 | +€759,788 | +130% |
| Furniture and vehicles | 24 | €1,164 | €336 | -€828 | -71.2% |
| Other tangible fixed assets | 26 | €18,180 | €18,180 | = | 0.0% |
| Financial fixed assets | 28 | €100,000 | - | -€100,000 | |
| Current assets | 29/58 | €5,544,213 | €4,566,062 | -€978,151 | -17.6% |
| Amounts receivable after more than one year | 29 | €2,705,479 | €2,399,396 | -€306,083 | -11.3% |
| Other amounts receivable | 291 | €2,705,479 | €2,399,396 | -€306,083 | -11.3% |
| Amounts receivable within one year | 40/41 | €1,447,837 | €1,111,769 | -€336,068 | -23.2% |
| Trade receivables | 40 | €141,142 | €169,922 | +€28,780 | +20.4% |
| Other amounts receivable | 41 | €1,306,695 | €941,847 | -€364,848 | -27.9% |
| Current investments | 50/53 | €1,210,000 | €596,434 | -€613,566 | -50.7% |
| Cash at bank and in hand | 54/58 | €109,439 | €308,904 | +€199,465 | +182% |
| Deferred charges and accrued income | 490/1 | €71,458 | €149,560 | +€78,102 | +109% |
| Total equity and liabilities | 10/49 | €6,548,195 | €6,198,867 | -€349,329 | -5.3% |
| Equity | 10/15 | €3,273,179 | €2,934,638 | -€338,540 | -10.3% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €934,774 | €934,774 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400,000 | €400,000 | = | 0.0% |
| Legal reserve | 130 | €400,000 | €400,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €301,376 | €301,376 | = | 0.0% |
| Distributable reserves | 133 | €233,398 | €233,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,661,596 | -€2,000,136 | -€338,540 | -20.4% |
| Amounts payable | 17/49 | €3,275,017 | €3,264,228 | -€10,788 | -0.3% |
| Amounts payable after more than one year | 17 | €3,106,842 | €3,097,866 | -€8,976 | -0.3% |
| Financial debts | 170/4 | €3,106,842 | €3,097,866 | -€8,976 | -0.3% |
| Amounts payable within one year | 42/48 | €151,051 | €150,000 | -€1,051 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €150,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,051 | - | -€1,051 | |
| Taxes | 450/3 | €1,051 | - | -€1,051 | |
| Accrued charges and deferred income | 492/3 | €17,123 | €16,362 | -€761 | -4.4% |
| Non-recurring operating income | 76A | €152,409 | €0 | -€152,409 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,351 | €104,502 | +€34,151 | +48.5% |
| Other operating charges | 640/8 | €58,238 | €80,656 | +€22,417 | +38.5% |
| Non-recurring operating charges | 66A | €1,201,077 | - | -€1.2m | |
| Gross operating margin | 9900 | €85,075 | €4,090 | -€80,985 | -95.2% |
| Operating profit (loss) | 9901 | -€1,244,590 | -€181,068 | +€1.1m | +85.5% |
| Financial income | 75/76B | €97,555 | €92,003 | -€5,553 | -5.7% |
| Recurring financial income | 75 | €97,555 | €92,003 | -€5,553 | -5.7% |
| Financial charges | 65/66B | €110,542 | €249,475 | +€138,933 | +126% |
| Recurring financial charges | 65 | €110,542 | €149,476 | +€38,934 | +35.2% |
| Non-recurring financial charges | 66B | - | €99,999 | +€99,999 | |
| Profit (loss) for the period before taxes | 9903 | -€1,257,577 | -€338,540 | +€919,037 | +73.1% |
| Profit (loss) for the period | 9904 | -€1,257,577 | -€338,540 | +€919,037 | +73.1% |
| Transfer to tax-exempt reserves | 689 | €301,376 | - | -€301,376 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,558,953 | -€338,540 | +€1.2m | +78.3% |
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 31 October 2026 via checked.be.