WIES: 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.
WIES
Largest movements
- Tangible fixed assets -€50,531
down €50,531 (-5.6%), from €895,646 to €845,115
of which Land and buildings: -€27,176
- Debts after one year -€44,328
down €44,328 (-20.5%), from €216,041 to €171,713
- Reserves -€16,077
down €16,077 (-4.0%), from €403,632 to €387,555
of which Tax-exempt reserves: -€25,075
- Provisions -€12,345
down €12,345 (-10.2%), from €120,786 to €108,441
- Trade debts +€9,748
up €9,748 (+217.8%), from €4,475 to €14,223
- Gross operating margin -€15,881
down €15,881 (-25.1%), from €63,397 to €47,516
- Depreciation +€9,838
up €9,838 (+18.1%), from €54,381 to €64,219
- Taxes +€3,722
up €3,722 (+1148.8%), from €324 to €4,046
- Financial charges +€1,188
up €1,188 (+18.3%), from €6,485 to €7,673
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 | €902,538 | €847,955 | -€54,583 | -6.0% |
| Fixed assets | 21/28 | €895,646 | €845,115 | -€50,531 | -5.6% |
| Tangible fixed assets | 22/27 | €895,646 | €845,115 | -€50,531 | -5.6% |
| Land and buildings | 22 | €793,490 | €766,314 | -€27,176 | -3.4% |
| Plant, machinery and equipment | 23 | €36,184 | €30,236 | -€5,948 | -16.4% |
| Furniture and vehicles | 24 | €65,972 | €48,565 | -€17,407 | -26.4% |
| Current assets | 29/58 | €6,892 | €2,840 | -€4,052 | -58.8% |
| Amounts receivable within one year | 40/41 | €2,675 | - | -€2,675 | |
| Other amounts receivable | 41 | €2,675 | - | -€2,675 | |
| Cash at bank and in hand | 54/58 | €1,526 | €1,030 | -€496 | -32.5% |
| Deferred charges and accrued income | 490/1 | €2,691 | €1,810 | -€881 | -32.7% |
| Total equity and liabilities | 10/49 | €902,538 | €847,955 | -€54,583 | -6.0% |
| Equity | 10/15 | €465,605 | €449,528 | -€16,077 | -3.5% |
| 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 | €403,632 | €387,555 | -€16,077 | -4.0% |
| Tax-exempt reserves | 132 | €362,357 | €337,282 | -€25,075 | -6.9% |
| Distributable reserves | 133 | €41,275 | €50,273 | +€8,998 | +21.8% |
| Provisions and deferred taxes | 16 | €120,786 | €108,441 | -€12,345 | -10.2% |
| Deferred taxes | 168 | €120,786 | €108,441 | -€12,345 | -10.2% |
| Amounts payable | 17/49 | €316,147 | €289,986 | -€26,161 | -8.3% |
| Amounts payable after more than one year | 17 | €216,041 | €171,713 | -€44,328 | -20.5% |
| Financial debts | 170/4 | €216,041 | €171,713 | -€44,328 | -20.5% |
| Amounts payable within one year | 42/48 | €100,106 | €117,154 | +€17,048 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €42,929 | €44,328 | +€1,399 | +3.3% |
| Trade debts | 44 | €4,475 | €14,223 | +€9,748 | +217.8% |
| Suppliers | 440/4 | €4,475 | €14,223 | +€9,748 | +217.8% |
| Other amounts payable | 47/48 | €52,702 | €58,603 | +€5,901 | +11.2% |
| Accrued charges and deferred income | 492/3 | - | €1,119 | +€1,119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,381 | €64,219 | +€9,838 | +18.1% |
| Gross operating margin | 9900 | €63,397 | €47,516 | -€15,881 | -25.1% |
| Operating profit (loss) | 9901 | €9,016 | -€16,703 | -€25,719 | |
| Financial charges | 65/66B | €6,485 | €7,673 | +€1,188 | +18.3% |
| Recurring financial charges | 65 | €6,485 | €7,673 | +€1,188 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €2,531 | -€24,376 | -€26,907 | |
| Transfer from deferred taxes | 780 | - | €12,345 | +€12,345 | |
| Income taxes | 67/77 | €324 | €4,046 | +€3,722 | +1148.8% |
| Profit (loss) for the period | 9904 | €2,207 | -€16,077 | -€18,284 | |
| Transfer from tax-exempt reserves | 789 | - | €25,075 | +€25,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,207 | €8,998 | +€6,791 | +307.7% |
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 12 October 2026 via checked.be.