WICARTO: what changed
What changed
WICARTO
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€730,943
2024 · €509,980+€220,963
Equity
€31,128
2024 · €260,185-€229,057
Cash
€121,059
2024 · €41,692+€79,367
Balance sheet total
€342,405
2024 · €713,262-€370,857
Largest movements
Assets
- Current investments -€525,000
down €525,000 (-83.7%), from €627,375 to €102,375
- Tangible fixed assets +€85,298
up €85,298 (+338%), from €25,264 to €110,563
of which Leasing and similar rights: +€85,967
- Cash +€79,367
up €79,367 (+190%), from €41,692 to €121,059
mainly Net result for the year (+€730,943) and Current investments (+€525,000)
- Deferred charges and accrued income -€16,117
down €16,117 (-85.2%), from €18,915 to €2,797
Equity and liabilities
- Reserves -€229,057
down €229,057 (-94.8%), from €241,585 to €12,528
- Other debts -€227,504
down €227,504 (-52.5%), from €432,960 to €205,456
- Debts after one year +€59,824
new in 2025: €59,824
- Current portion of long-term debt +€25,391
new in 2025: €25,391
Income statement
- Gross operating margin +€312,107
up €312,107 (+46.3%), from €674,550 to €986,657
- Taxes +€71,962
up €71,962 (+43.3%), from €166,232 to €238,194
- Depreciation +€19,278
up €19,278 (+542%), from €3,555 to €22,833
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.
Result 2024
€509,980
Gross operating margin
+€312,107
Depreciation
-€19,278
Other operating charges
-€1,093
Financial income
+€4,063
Financial charges
-€2,874
Taxes
-€71,962
Result 2025
€730,943
raises the resultlowers the result
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.
From operations
+€537,283
Investment
+€416,869
Financing
-€874,785
Cash 2024
€41,692
From operations (derived)
+€537,283
Net result for the year
+€730,943
Depreciation
+€22,833
Receivables within one year
-€5,595
Deferred charges and accrued income
+€16,117
Trade debts
+€3,575
Tax, wage and social debts
-€3,085
Other debts
-€227,504
Investment (derived)
+€416,869
Investment in fixed assets (net)
-€108,131
Current investments
+€525,000
Financing
-€874,785
Debts after one year
+€59,824
Current portion of long-term debt
+€25,391
Contributions, distributions and other
-€960,000
Cash 2025
€121,059
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €713,262 | €342,405 | -€370,857 | -52.0% |
| Fixed assets | 21/28 | €25,264 | €110,563 | +€85,298 | +338% |
| Tangible fixed assets | 22/27 | €25,264 | €110,563 | +€85,298 | +338% |
| Furniture and vehicles | 24 | €25,264 | €24,596 | -€669 | -2.6% |
| Leasing and similar rights | 25 | - | €85,967 | +€85,967 | |
| Current assets | 29/58 | €687,998 | €231,843 | -€456,155 | -66.3% |
| Amounts receivable within one year | 40/41 | €17 | €5,612 | +€5,595 | +32,341% |
| Trade receivables | 40 | €17 | €0 | -€17 | -100% |
| Other amounts receivable | 41 | €0 | €5,612 | +€5,612 | |
| Current investments | 50/53 | €627,375 | €102,375 | -€525,000 | -83.7% |
| Cash at bank and in hand | 54/58 | €41,692 | €121,059 | +€79,367 | +190% |
| Deferred charges and accrued income | 490/1 | €18,915 | €2,797 | -€16,117 | -85.2% |
| Total equity and liabilities | 10/49 | €713,262 | €342,405 | -€370,857 | -52.0% |
| Equity | 10/15 | €260,185 | €31,128 | -€229,057 | -88.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €241,585 | €12,528 | -€229,057 | -94.8% |
| Distributable reserves | 133 | €241,585 | €12,528 | -€229,057 | -94.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €453,078 | €311,278 | -€141,800 | -31.3% |
| Amounts payable after more than one year | 17 | - | €59,824 | +€59,824 | |
| Financial debts | 170/4 | - | €59,824 | +€59,824 | |
| Amounts payable within one year | 42/48 | €453,078 | €251,454 | -€201,623 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | - | €25,391 | +€25,391 | |
| Trade debts | 44 | €3,292 | €6,866 | +€3,575 | +109% |
| Suppliers | 440/4 | €3,292 | €6,866 | +€3,575 | +109% |
| Taxes, remuneration and social security | 45 | €16,826 | €13,741 | -€3,085 | -18.3% |
| Taxes | 450/3 | €16,826 | €13,741 | -€3,085 | -18.3% |
| Other amounts payable | 47/48 | €432,960 | €205,456 | -€227,504 | -52.5% |
| Non-recurring operating income | 76A | - | €5,400 | +€5,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,555 | €22,833 | +€19,278 | +542% |
| Other operating charges | 640/8 | €2,187 | €3,281 | +€1,093 | +50.0% |
| Gross operating margin | 9900 | €674,550 | €986,657 | +€312,107 | +46.3% |
| Operating profit (loss) | 9901 | €668,808 | €960,544 | +€291,736 | +43.6% |
| Financial income | 75/76B | €7,561 | €11,625 | +€4,063 | +53.7% |
| Recurring financial income | 75 | €7,561 | €11,625 | +€4,063 | +53.7% |
| Financial charges | 65/66B | €157 | €3,031 | +€2,874 | +1,827% |
| Recurring financial charges | 65 | €157 | €3,031 | +€2,874 | +1,827% |
| Profit (loss) for the period before taxes | 9903 | €676,212 | €969,137 | +€292,925 | +43.3% |
| Income taxes | 67/77 | €166,232 | €238,194 | +€71,962 | +43.3% |
| Profit (loss) for the period | 9904 | €509,980 | €730,943 | +€220,963 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €509,980 | €730,943 | +€220,963 | +43.3% |
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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 2 November 2026 via checked.be.