WIFA: 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.
WIFA
Largest movements
- Cash -€2.2m
down €2.2m (-94.5%), from €2.4m to €129,535
mainly Current investments (-€1.9m) and Receivables within one year (-€597,842)
- Current investments +€1.9m
new in 2025: €1.9m
- Receivables within one year +€597,842
up €597,842 (+384%), from €155,618 to €753,460
of which Trade receivables: +€448,921
- Tangible fixed assets -€102,181
down €102,181 (-7.3%), from €1.4m to €1.3m
of which Land and buildings: -€100,742
- Receivables after one year -€100,426
down €100,426 (-18.6%), from €539,745 to €439,320
- Debts after one year -€194,552
down €194,552 (-35.3%), from €551,569 to €357,017
of which Financial debts: -€194,552
- Short-term financial debts +€116,585
new in 2025: €116,585
- Other debts +€105,009
up €105,009 (+48.8%), from €215,317 to €320,326
- Financial income -€1.0m
down €1.0m (-82.5%), from €1.2m to €217,282
of which Non-recurring financial income: -€1.2m
- Gross operating margin -€53,631
down €53,631 (-23.5%), from €227,770 to €174,139
- Taxes +€27,210
up €27,210 (+21.6%), from €125,855 to €153,065
- Financial charges -€10,517
down €10,517 (-10.9%), from €96,603 to €86,086
- Other operating charges +€5,161
up €5,161 (+21.2%), from €24,312 to €29,473
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 | €4,501,202 | €4,557,837 | +€56,634 | +1.3% |
| Fixed assets | 21/28 | €1,426,115 | €1,323,934 | -€102,181 | -7.2% |
| Tangible fixed assets | 22/27 | €1,406,215 | €1,304,034 | -€102,181 | -7.3% |
| Land and buildings | 22 | €1,403,071 | €1,302,329 | -€100,742 | -7.2% |
| Furniture and vehicles | 24 | €3,144 | €1,704 | -€1,439 | -45.8% |
| Financial fixed assets | 28 | €19,900 | €19,900 | = | 0.0% |
| Current assets | 29/58 | €3,075,088 | €3,233,903 | +€158,816 | +5.2% |
| Amounts receivable after more than one year | 29 | €539,745 | €439,320 | -€100,426 | -18.6% |
| Other amounts receivable | 291 | €539,745 | €439,320 | -€100,426 | -18.6% |
| Amounts receivable within one year | 40/41 | €155,618 | €753,460 | +€597,842 | +384% |
| Trade receivables | 40 | €52,866 | €501,787 | +€448,921 | +849% |
| Other amounts receivable | 41 | €102,752 | €251,673 | +€148,921 | +145% |
| Current investments | 50/53 | - | €1,879,433 | +€1.9m | |
| Cash at bank and in hand | 54/58 | €2,364,547 | €129,535 | -€2.2m | -94.5% |
| Deferred charges and accrued income | 490/1 | €15,177 | €32,155 | +€16,978 | +112% |
| Total equity and liabilities | 10/49 | €4,501,202 | €4,557,837 | +€56,634 | +1.3% |
| Equity | 10/15 | €3,384,823 | €3,405,439 | +€20,616 | +0.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €50,867 | €50,867 | = | 0.0% |
| Reserves | 13 | €3,233,957 | €3,254,573 | +€20,616 | +0.6% |
| Tax-exempt reserves | 132 | €93 | €93 | = | 0.0% |
| Distributable reserves | 133 | €3,233,863 | €3,254,479 | +€20,616 | +0.6% |
| Amounts payable | 17/49 | €1,116,379 | €1,152,398 | +€36,019 | +3.2% |
| Amounts payable after more than one year | 17 | €551,569 | €357,017 | -€194,552 | -35.3% |
| Financial debts | 170/4 | €341,569 | €147,017 | -€194,552 | -57.0% |
| Other amounts payable | 178/9 | €210,000 | €210,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €551,615 | €751,878 | +€200,263 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €192,883 | €194,552 | +€1,669 | +0.9% |
| Financial debts | 43 | - | €116,585 | +€116,585 | |
| Credit institutions | 430/8 | - | €116,585 | +€116,585 | |
| Trade debts | 44 | €1,417 | €12,217 | +€10,800 | +762% |
| Suppliers | 440/4 | €1,417 | €12,217 | +€10,800 | +762% |
| Taxes, remuneration and social security | 45 | €141,999 | €108,199 | -€33,800 | -23.8% |
| Taxes | 450/3 | €138,119 | €89,470 | -€48,649 | -35.2% |
| Remuneration and social security | 454/9 | €3,880 | €18,729 | +€14,849 | +383% |
| Other amounts payable | 47/48 | €215,317 | €320,326 | +€105,009 | +48.8% |
| Accrued charges and deferred income | 492/3 | €13,195 | €43,502 | +€30,307 | +230% |
| Non-recurring operating income | 76A | - | €626 | +€626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,374 | €102,181 | -€193 | -0.2% |
| Other operating charges | 640/8 | €24,312 | €29,473 | +€5,161 | +21.2% |
| Gross operating margin | 9900 | €227,770 | €174,139 | -€53,631 | -23.5% |
| Operating profit (loss) | 9901 | €101,084 | €42,485 | -€58,599 | -58.0% |
| Financial income | 75/76B | €1,244,597 | €217,282 | -€1.0m | -82.5% |
| Recurring financial income | 75 | €60,983 | €217,282 | +€156,299 | +256% |
| Non-recurring financial income | 76B | €1,183,613 | - | -€1.2m | |
| Financial charges | 65/66B | €96,603 | €86,086 | -€10,517 | -10.9% |
| Recurring financial charges | 65 | €96,603 | €86,086 | -€10,517 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €1,249,078 | €173,681 | -€1.1m | -86.1% |
| Income taxes | 67/77 | €125,855 | €153,065 | +€27,210 | +21.6% |
| Profit (loss) for the period | 9904 | €1,123,223 | €20,616 | -€1.1m | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,123,223 | €20,616 | -€1.1m | -98.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.