WIERA: 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.
WIERA
Largest movements
- Cash +€260,618
up €260,618 (+18.8%), from €1.4m to €1.6m
mainly Net result for the year (+€219,817) and Receivables within one year (+€134,444)
- Receivables within one year -€134,444
down €134,444 (-48.7%), from €276,155 to €141,711
of which Trade receivables: -€134,015
- Stocks and contracts +€73,985
up €73,985 (+67.7%), from €109,347 to €183,332
of which Contracts in progress: +€45,881
- Tangible fixed assets -€60,406
down €60,406 (-20.3%), from €297,239 to €236,833
of which Plant, machinery and equipment: -€38,644
- Reserves +€219,817
up €219,817 (+9.2%), from €2.4m to €2.6m
of which Distributable reserves: +€219,817
- Other debts -€81,570
down €81,570 (-90.6%), from €90,068 to €8,498
- Gross operating margin -€333,848
down €333,848 (-32.6%), from €1.0m to €691,375
- Taxes -€110,419
down €110,419 (-52.9%), from €208,881 to €98,462
- Depreciation +€24,796
up €24,796 (+50.4%), from €49,223 to €74,019
- Financial income -€23,932
down €23,932 (-84.7%), from €28,270 to €4,338
of which Non-recurring financial income: -€24,917
- Staff costs -€16,996
down €16,996 (-5.4%), from €316,598 to €299,602
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 | €2,535,745 | €2,672,388 | +€136,643 | +5.4% |
| Fixed assets | 21/28 | €306,239 | €245,833 | -€60,406 | -19.7% |
| Intangible fixed assets | 21 | €9,000 | €9,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €297,239 | €236,833 | -€60,406 | -20.3% |
| Land and buildings | 22 | €30,148 | €29,067 | -€1,081 | -3.6% |
| Plant, machinery and equipment | 23 | €171,547 | €132,903 | -€38,644 | -22.5% |
| Furniture and vehicles | 24 | €95,544 | €74,863 | -€20,681 | -21.6% |
| Current assets | 29/58 | €2,229,506 | €2,426,555 | +€197,049 | +8.8% |
| Stocks and contracts in progress | 3 | €109,347 | €183,332 | +€73,985 | +67.7% |
| Stocks | 30/36 | €83,485 | €111,589 | +€28,104 | +33.7% |
| Contracts in progress | 37 | €25,862 | €71,743 | +€45,881 | +177.4% |
| Amounts receivable within one year | 40/41 | €276,155 | €141,711 | -€134,444 | -48.7% |
| Trade receivables | 40 | €232,277 | €98,262 | -€134,015 | -57.7% |
| Other amounts receivable | 41 | €43,878 | €43,449 | -€429 | -1.0% |
| Current investments | 50/53 | €451,637 | €451,637 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,386,308 | €1,646,926 | +€260,618 | +18.8% |
| Deferred charges and accrued income | 490/1 | €6,059 | €2,949 | -€3,110 | -51.3% |
| Total equity and liabilities | 10/49 | €2,535,745 | €2,672,388 | +€136,643 | +5.4% |
| Equity | 10/15 | €2,415,221 | €2,635,038 | +€219,817 | +9.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,390,221 | €2,610,038 | +€219,817 | +9.2% |
| Non-distributable reserves | 130/1 | €3,518 | €3,518 | = | 0.0% |
| Other | 1319 | €3,518 | €3,518 | = | 0.0% |
| Distributable reserves | 133 | €2,386,703 | €2,606,520 | +€219,817 | +9.2% |
| Amounts payable | 17/49 | €120,524 | €37,350 | -€83,174 | -69.0% |
| Amounts payable within one year | 42/48 | €120,524 | €37,350 | -€83,174 | -69.0% |
| Trade debts | 44 | €20,644 | €19,040 | -€1,604 | -7.8% |
| Suppliers | 440/4 | €20,644 | €19,040 | -€1,604 | -7.8% |
| Taxes, remuneration and social security | 45 | €9,812 | €9,812 | = | 0.0% |
| Remuneration and social security | 454/9 | €9,812 | €9,812 | = | 0.0% |
| Other amounts payable | 47/48 | €90,068 | €8,498 | -€81,570 | -90.6% |
| Remuneration, social security and pensions | 62 | €316,598 | €299,602 | -€16,996 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,223 | €74,019 | +€24,796 | +50.4% |
| Other operating charges | 640/8 | €5,236 | €3,117 | -€2,119 | -40.5% |
| Gross operating margin | 9900 | €1,025,223 | €691,375 | -€333,848 | -32.6% |
| Operating profit (loss) | 9901 | €654,166 | €314,637 | -€339,529 | -51.9% |
| Financial income | 75/76B | €28,270 | €4,338 | -€23,932 | -84.7% |
| Recurring financial income | 75 | €3,353 | €4,338 | +€985 | +29.4% |
| Non-recurring financial income | 76B | €24,917 | - | -€24,917 | |
| Financial charges | 65/66B | €231 | €696 | +€465 | +201.3% |
| Recurring financial charges | 65 | €231 | €696 | +€465 | +201.3% |
| Profit (loss) for the period before taxes | 9903 | €682,205 | €318,279 | -€363,926 | -53.3% |
| Income taxes | 67/77 | €208,881 | €98,462 | -€110,419 | -52.9% |
| Profit (loss) for the period | 9904 | €473,324 | €219,817 | -€253,507 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €473,324 | €219,817 | -€253,507 | -53.6% |
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 3 October 2026 via checked.be.