WICOMA: 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.
WICOMA
Largest movements
- Tangible fixed assets -€66,075
down €66,075 (-21.7%), from €304,371 to €238,296
of which Land and buildings: -€43,456
- Receivables within one year -€19,833
down €19,833 (-45.3%), from €43,820 to €23,987
of which Trade receivables: -€22,942
- Cash +€18,523
up €18,523 (+200%), from €9,268 to €27,791
mainly Depreciation (+€66,075) and Receivables within one year (+€19,833)
- Other debts -€50,011
down €50,011 (-32.6%), from €153,562 to €103,551
- Current portion of long-term debt -€10,877
down €10,877 (-79.9%), from €13,615 to €2,738
- Profit (loss) carried forward -€5,341
down €5,341 (-3.3%), from €160,734 to €155,393
- Gross operating margin +€11,508
up €11,508 (+21.1%), from €54,623 to €66,131
- Other operating charges +€2,113
up €2,113 (+44.9%), from €4,706 to €6,819
- Financial income +€1,812
new in 2025: €1,812
- Depreciation -€1,361
down €1,361 (-2.0%), from €67,436 to €66,075
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 | €401,797 | €334,412 | -€67,385 | -16.8% |
| Fixed assets | 21/28 | €348,709 | €282,634 | -€66,075 | -18.9% |
| Tangible fixed assets | 22/27 | €304,371 | €238,296 | -€66,075 | -21.7% |
| Land and buildings | 22 | €244,571 | €201,115 | -€43,456 | -17.8% |
| Plant, machinery and equipment | 23 | €11,871 | €10,031 | -€1,840 | -15.5% |
| Furniture and vehicles | 24 | €47,929 | €27,150 | -€20,779 | -43.4% |
| Financial fixed assets | 28 | €44,338 | €44,338 | = | 0.0% |
| Current assets | 29/58 | €53,088 | €51,778 | -€1,310 | -2.5% |
| Amounts receivable within one year | 40/41 | €43,820 | €23,987 | -€19,833 | -45.3% |
| Trade receivables | 40 | €25,981 | €3,039 | -€22,942 | -88.3% |
| Other amounts receivable | 41 | €17,839 | €20,948 | +€3,109 | +17.4% |
| Cash at bank and in hand | 54/58 | €9,268 | €27,791 | +€18,523 | +200% |
| Total equity and liabilities | 10/49 | €401,797 | €334,412 | -€67,385 | -16.8% |
| Equity | 10/15 | €228,904 | €223,563 | -€5,341 | -2.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,734 | €155,393 | -€5,341 | -3.3% |
| Amounts payable | 17/49 | €172,893 | €110,849 | -€62,044 | -35.9% |
| Amounts payable within one year | 42/48 | €172,893 | €110,849 | -€62,044 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €13,615 | €2,738 | -€10,877 | -79.9% |
| Trade debts | 44 | €4,381 | €2,291 | -€2,090 | -47.7% |
| Suppliers | 440/4 | €4,381 | €2,291 | -€2,090 | -47.7% |
| Taxes, remuneration and social security | 45 | €1,335 | €2,269 | +€934 | +70.0% |
| Taxes | 450/3 | €1,335 | €2,269 | +€934 | +70.0% |
| Other amounts payable | 47/48 | €153,562 | €103,551 | -€50,011 | -32.6% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,436 | €66,075 | -€1,361 | -2.0% |
| Other operating charges | 640/8 | €4,706 | €6,819 | +€2,113 | +44.9% |
| Gross operating margin | 9900 | €54,623 | €66,131 | +€11,508 | +21.1% |
| Operating profit (loss) | 9901 | -€17,519 | -€6,763 | +€10,756 | +61.4% |
| Financial income | 75/76B | - | €1,812 | +€1,812 | |
| Recurring financial income | 75 | - | €1,812 | +€1,812 | |
| Financial charges | 65/66B | €547 | €390 | -€157 | -28.7% |
| Recurring financial charges | 65 | €547 | €390 | -€157 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,066 | -€5,341 | +€12,725 | +70.4% |
| Profit (loss) for the period | 9904 | -€18,066 | -€5,341 | +€12,725 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,066 | -€5,341 | +€12,725 | +70.4% |
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 25 October 2026 via checked.be.