WICOD: what changed
Two fiscal 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.
WICOD
Largest movements
- Cash +€93,910
up €93,910 (+86.2%), from €108,935 to €202,845
mainly Net result for the year (+€70,521) and Other debts (+€69,874)
- Tangible fixed assets -€56,858
down €56,858 (-6.3%), from €897,447 to €840,589
of which Land and buildings: -€47,982
- Debts after one year -€73,187
down €73,187 (-11.8%), from €621,914 to €548,727
- Reserves +€70,500
up €70,500 (+12.1%), from €581,014 to €651,514
- Other debts +€69,874
up €69,874 (+3.7%), from €1.9m to €2.0m
- Tax, wage and social debts -€40,751
down €40,751 (-65.1%), from €62,570 to €21,819
- Gross operating margin -€447,784
down €447,784 (-64.3%), from €695,958 to €248,174
- Taxes -€49,278
down €49,278 (-58.5%), from €84,177 to €34,899
- Financial charges +€21,626
up €21,626 (+36.1%), from €59,968 to €81,594
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.
Cash bridge derived
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 | €3,250,355 | €3,264,548 | +€14,193 | +0.4% |
| Fixed assets | 21/28 | €3,095,107 | €3,038,249 | -€56,858 | -1.8% |
| Tangible fixed assets | 22/27 | €897,447 | €840,589 | -€56,858 | -6.3% |
| Land and buildings | 22 | €877,890 | €829,908 | -€47,982 | -5.5% |
| Plant, machinery and equipment | 23 | €2,617 | €1,848 | -€770 | -29.4% |
| Furniture and vehicles | 24 | €16,940 | €8,833 | -€8,106 | -47.9% |
| Financial fixed assets | 28 | €2,197,660 | €2,197,660 | = | 0.0% |
| Current assets | 29/58 | €155,249 | €226,299 | +€71,051 | +45.8% |
| Stocks and contracts in progress | 3 | €1,892 | - | -€1,892 | |
| Stocks | 30/36 | €1,892 | - | -€1,892 | |
| Amounts receivable within one year | 40/41 | €42,167 | €21,113 | -€21,054 | -49.9% |
| Trade receivables | 40 | €42,167 | €21,113 | -€21,054 | -49.9% |
| Cash at bank and in hand | 54/58 | €108,935 | €202,845 | +€93,910 | +86.2% |
| Deferred charges and accrued income | 490/1 | €2,255 | €2,342 | +€87 | +3.8% |
| Total equity and liabilities | 10/49 | €3,250,355 | €3,264,548 | +€14,193 | +0.4% |
| Equity | 10/15 | €595,533 | €666,053 | +€70,521 | +11.8% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €581,014 | €651,514 | +€70,500 | +12.1% |
| Distributable reserves | 133 | €581,014 | €651,514 | +€70,500 | +12.1% |
| Profit (loss) carried forward | 14 | -€23,481 | -€23,460 | +€21 | +0.1% |
| Amounts payable | 17/49 | €2,654,823 | €2,598,495 | -€56,328 | -2.1% |
| Amounts payable after more than one year | 17 | €621,914 | €548,727 | -€73,187 | -11.8% |
| Financial debts | 170/4 | €621,914 | €548,727 | -€73,187 | -11.8% |
| Amounts payable within one year | 42/48 | €2,029,577 | €2,048,887 | +€19,310 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €73,549 | €73,187 | -€362 | -0.5% |
| Trade debts | 44 | €10,356 | €904 | -€9,451 | -91.3% |
| Suppliers | 440/4 | €10,356 | €904 | -€9,451 | -91.3% |
| Taxes, remuneration and social security | 45 | €62,570 | €21,819 | -€40,751 | -65.1% |
| Taxes | 450/3 | €62,570 | €21,819 | -€40,751 | -65.1% |
| Other amounts payable | 47/48 | €1,883,103 | €1,952,976 | +€69,874 | +3.7% |
| Accrued charges and deferred income | 492/3 | €3,331 | €880 | -€2,450 | -73.6% |
| Non-recurring operating income | 76A | €438,250 | - | -€438,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,512 | €55,864 | +€351 | +0.6% |
| Other operating charges | 640/8 | €5,287 | €5,542 | +€256 | +4.8% |
| Non-recurring operating charges | 66A | - | €995 | +€995 | |
| Gross operating margin | 9900 | €695,958 | €248,174 | -€447,784 | -64.3% |
| Operating profit (loss) | 9901 | €635,158 | €185,773 | -€449,385 | -70.8% |
| Financial income | 75/76B | - | €1,240 | +€1,240 | |
| Recurring financial income | 75 | - | €1,240 | +€1,240 | |
| Financial charges | 65/66B | €59,968 | €81,594 | +€21,626 | +36.1% |
| Recurring financial charges | 65 | €59,968 | €81,594 | +€21,626 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | €575,190 | €105,419 | -€469,771 | -81.7% |
| Income taxes | 67/77 | €84,177 | €34,899 | -€49,278 | -58.5% |
| Profit (loss) for the period | 9904 | €491,014 | €70,521 | -€420,493 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €491,014 | €70,521 | -€420,493 | -85.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.