WICARO: 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.
WICARO
Largest movements
- Tangible fixed assets -€121,421
down €121,421 (-85.5%), from €141,949 to €20,528
of which Other tangible fixed assets: -€115,855
- Cash -€101,246
down €101,246 (-40.8%), from €247,954 to €146,707
mainly Net result for the year (-€81,985) and Debts after one year (-€73,086)
- Receivables within one year -€14,170
down €14,170 (-21.2%), from €66,698 to €52,528
of which Trade receivables: -€8,974
- Reserves -€81,985
down €81,985 (-71.7%), from €114,356 to €32,372
of which Distributable reserves: -€81,985
- Debts after one year -€73,086
no longer reported in 2025 (was €73,086)
- Current portion of long-term debt -€54,248
down €54,248 (-42.6%), from €127,334 to €73,086
- Trade debts -€27,717
down €27,717 (-11.3%), from €244,695 to €216,979
- Gross operating margin -€82,201
down €82,201 (-12.1%), from €680,089 to €597,888
- Depreciation +€16,738
up €16,738 (+15.6%), from €107,048 to €123,786
- Staff costs +€14,990
up €14,990 (+3.0%), from €504,052 to €519,042
- Taxes -€11,592
no longer reported in 2025 (was €11,592)
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 | €769,213 | €535,020 | -€234,193 | -30.4% |
| Formation expenses | 20 | €5,902 | €3,537 | -€2,365 | -40.1% |
| Fixed assets | 21/28 | €143,509 | €22,088 | -€121,421 | -84.6% |
| Tangible fixed assets | 22/27 | €141,949 | €20,528 | -€121,421 | -85.5% |
| Plant, machinery and equipment | 23 | €18,465 | €12,898 | -€5,566 | -30.1% |
| Other tangible fixed assets | 26 | €123,485 | €7,630 | -€115,855 | -93.8% |
| Financial fixed assets | 28 | €1,560 | €1,560 | = | 0.0% |
| Current assets | 29/58 | €619,802 | €509,394 | -€110,407 | -17.8% |
| Stocks and contracts in progress | 3 | €298,691 | €301,471 | +€2,780 | +0.9% |
| Stocks | 30/36 | €298,691 | €301,471 | +€2,780 | +0.9% |
| Amounts receivable within one year | 40/41 | €66,698 | €52,528 | -€14,170 | -21.2% |
| Trade receivables | 40 | €26,875 | €17,900 | -€8,974 | -33.4% |
| Other amounts receivable | 41 | €39,823 | €34,627 | -€5,196 | -13.0% |
| Cash at bank and in hand | 54/58 | €247,954 | €146,707 | -€101,246 | -40.8% |
| Deferred charges and accrued income | 490/1 | €6,459 | €8,689 | +€2,229 | +34.5% |
| Total equity and liabilities | 10/49 | €769,213 | €535,020 | -€234,193 | -30.4% |
| Equity | 10/15 | €214,356 | €132,372 | -€81,985 | -38.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Uncalled capital | 101 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €114,356 | €32,372 | -€81,985 | -71.7% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €99,356 | €17,372 | -€81,985 | -82.5% |
| Amounts payable | 17/49 | €554,857 | €402,648 | -€152,209 | -27.4% |
| Amounts payable after more than one year | 17 | €73,086 | - | -€73,086 | |
| Financial debts | 170/4 | €73,086 | - | -€73,086 | |
| Amounts payable within one year | 42/48 | €471,983 | €395,456 | -€76,527 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €127,334 | €73,086 | -€54,248 | -42.6% |
| Trade debts | 44 | €244,695 | €216,979 | -€27,717 | -11.3% |
| Suppliers | 440/4 | €244,695 | €216,979 | -€27,717 | -11.3% |
| Taxes, remuneration and social security | 45 | €99,953 | €105,391 | +€5,438 | +5.4% |
| Taxes | 450/3 | €6,566 | €127 | -€6,439 | -98.1% |
| Remuneration and social security | 454/9 | €93,387 | €105,264 | +€11,876 | +12.7% |
| Accrued charges and deferred income | 492/3 | €9,788 | €7,192 | -€2,595 | -26.5% |
| Remuneration, social security and pensions | 62 | €504,052 | €519,042 | +€14,990 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,048 | €123,786 | +€16,738 | +15.6% |
| Other operating charges | 640/8 | €3,119 | €9,835 | +€6,716 | +215% |
| Gross operating margin | 9900 | €680,089 | €597,888 | -€82,201 | -12.1% |
| Operating profit (loss) | 9901 | €65,870 | -€54,775 | -€120,645 | |
| Financial income | 75/76B | €1,949 | €4 | -€1,945 | -99.8% |
| Recurring financial income | 75 | €1,949 | €4 | -€1,945 | -99.8% |
| Financial charges | 65/66B | €24,789 | €27,214 | +€2,425 | +9.8% |
| Recurring financial charges | 65 | €24,789 | €27,214 | +€2,425 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €43,031 | -€81,985 | -€125,016 | |
| Income taxes | 67/77 | €11,592 | - | -€11,592 | |
| Profit (loss) for the period | 9904 | €31,439 | -€81,985 | -€113,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,439 | -€81,985 | -€113,424 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.