Wiels Engineering: 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.
Wiels Engineering
Largest movements
- Cash +€96,988
up €96,988 (+142.2%), from €68,201 to €165,188
mainly Net result for the year (+€50,395) and Receivables after one year (+€25,000)
- Receivables after one year -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Receivables within one year -€2,367
down €2,367 (-21.7%), from €10,890 to €8,523
- Profit (loss) carried forward +€50,395
new in 2025: €50,395
- Tax, wage and social debts +€12,109
up €12,109 (+49.5%), from €24,484 to €36,593
of which Taxes: +€11,869
- Other debts +€5,448
new in 2025: €5,448
- Trade debts +€1,894
up €1,894 (+714.4%), from €265 to €2,159
- Gross operating margin -€18,880
down €18,880 (-22.2%), from €85,130 to €66,250
- Taxes -€2,882
down €2,882 (-16.9%), from €17,047 to €14,165
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 | €106,781 | €176,626 | +€69,845 | +65.4% |
| Fixed assets | 21/28 | €2,691 | €2,915 | +€224 | +8.3% |
| Tangible fixed assets | 22/27 | €2,691 | €2,915 | +€224 | +8.3% |
| Furniture and vehicles | 24 | €2,691 | €2,915 | +€224 | +8.3% |
| Current assets | 29/58 | €104,091 | €173,712 | +€69,621 | +66.9% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100.0% |
| Other amounts receivable | 291 | €25,000 | €0 | -€25,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €10,890 | €8,523 | -€2,367 | -21.7% |
| Trade receivables | 40 | €10,890 | €8,523 | -€2,367 | -21.7% |
| Cash at bank and in hand | 54/58 | €68,201 | €165,188 | +€96,988 | +142.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €106,781 | €176,626 | +€69,845 | +65.4% |
| Equity | 10/15 | €82,032 | €132,427 | +€50,395 | +61.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €79,032 | €79,032 | = | 0.0% |
| Distributable reserves | 133 | €79,032 | €79,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €50,395 | +€50,395 | |
| Amounts payable | 17/49 | €24,749 | €44,199 | +€19,450 | +78.6% |
| Amounts payable within one year | 42/48 | €24,749 | €44,199 | +€19,450 | +78.6% |
| Trade debts | 44 | €265 | €2,159 | +€1,894 | +714.4% |
| Suppliers | 440/4 | €265 | €2,159 | +€1,894 | +714.4% |
| Taxes, remuneration and social security | 45 | €24,484 | €36,593 | +€12,109 | +49.5% |
| Taxes | 450/3 | €24,484 | €36,353 | +€11,869 | +48.5% |
| Remuneration and social security | 454/9 | - | €240 | +€240 | |
| Other amounts payable | 47/48 | - | €5,448 | +€5,448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | €998 | +€758 | +315.5% |
| Other operating charges | 640/8 | - | €609 | +€609 | |
| Gross operating margin | 9900 | €85,130 | €66,250 | -€18,880 | -22.2% |
| Operating profit (loss) | 9901 | €84,890 | €64,644 | -€20,246 | -23.8% |
| Financial income | 75/76B | €0 | €149 | +€149 | +746350.0% |
| Recurring financial income | 75 | €0 | €149 | +€149 | +746350.0% |
| Financial charges | 65/66B | €42 | €234 | +€192 | +461.7% |
| Recurring financial charges | 65 | €42 | €234 | +€192 | +461.7% |
| Profit (loss) for the period before taxes | 9903 | €84,848 | €64,559 | -€20,289 | -23.9% |
| Income taxes | 67/77 | €17,047 | €14,165 | -€2,882 | -16.9% |
| Profit (loss) for the period | 9904 | €67,801 | €50,395 | -€17,407 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,801 | €50,395 | -€17,407 | -25.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.