WIFAC: 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.
What changed
WIFAC
NACE 46.620, Wholesale of machine tools
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€682,428
2023 · €450,617+€231,810
Equity
€443,335
2023 · €525,908-€82,573
Cash
€660,389
2023 · €1.7m-€1.0m
Balance sheet total
€1.3m
2023 · €5.6m-€4.3m
Largest movements
Assets
- Receivables within one year -€3.3m
down €3.3m (-86.3%), from €3.8m to €521,148
- Cash -€1.0m
down €1.0m (-60.7%), from €1.7m to €660,389
mainly Other debts (-€3.9m) and Contributions, distributions and other (-€765,000)
Equity and liabilities
- Other debts -€3.9m
no longer reported in 2024 (was €3.9m)
- Trade debts -€312,790
down €312,790 (-45.3%), from €690,523 to €377,733
- Profit (loss) carried forward -€82,573
down €82,573 (-58.6%), from €140,908 to €58,335
Income statement
- Turnover -€11.2m
no longer reported in 2024 (was €11.2m)
- Goods and materials -€9.2m
no longer reported in 2024 (was €9.2m)
of which Purchases: -€9.2m
- Gross operating margin +€1.9m
new in 2024: €1.9m
- Services and other goods -€517,693
no longer reported in 2024 (was €517,693)
From the 2023 result to the 2024 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.
Result 2023
€450,617
Turnover
-€11.2m
Other operating income
-€2,706
Goods and materials
+€9.2m
Services and other goods
+€517,693
Staff costs
-€65,175
Depreciation
-€217
Write-downs
+€2,042
Other operating charges
+€6,690
Other operating items
+€1.9m
Financial income
+€1,284
Financial charges
+€232
Taxes
-€109,895
Result 2024
€682,428
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€255,681
Investment
-€963
Financing
-€765,000
Cash 2023
€1.7m
From operations (derived)
-€255,681
Net result for the year
+€682,428
Depreciation
+€1,676
Stocks and contracts
-€20,640
Receivables within one year
+€3.3m
Deferred charges and accrued income
+€3,285
Trade debts
-€312,790
Tax, wage and social debts
+€20,159
Other debts
-€3.9m
Accrued charges and deferred income
-€12,849
Investment (derived)
-€963
Investment in fixed assets (net)
-€963
Financing
-€765,000
Contributions, distributions and other
-€765,000
Cash 2024
€660,389
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,561,740 | €1,264,688 | -€4.3m | -77.3% |
| Fixed assets | 21/28 | €23,299 | €22,586 | -€713 | -3.1% |
| Tangible fixed assets | 22/27 | €23,299 | €22,586 | -€713 | -3.1% |
| Land and buildings | 22 | €20,675 | €20,675 | = | 0.0% |
| Furniture and vehicles | 24 | €2,624 | €1,911 | -€713 | -27.2% |
| Current assets | 29/58 | €5,538,440 | €1,242,101 | -€4.3m | -77.6% |
| Stocks and contracts in progress | 3 | €15,257 | €35,897 | +€20,640 | +135.3% |
| Stocks | 30/36 | €15,257 | €35,897 | +€20,640 | +135.3% |
| Goods purchased for resale | 34 | €15,257 | - | -€15,257 | |
| Amounts receivable within one year | 40/41 | €3,813,198 | €521,148 | -€3.3m | -86.3% |
| Trade receivables | 40 | €3,813,198 | €521,148 | -€3.3m | -86.3% |
| Cash at bank and in hand | 54/58 | €1,682,033 | €660,389 | -€1.0m | -60.7% |
| Deferred charges and accrued income | 490/1 | €27,952 | €24,667 | -€3,285 | -11.8% |
| Total equity and liabilities | 10/49 | €5,561,740 | €1,264,688 | -€4.3m | -77.3% |
| Equity | 10/15 | €525,908 | €443,335 | -€82,573 | -15.7% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,908 | €58,335 | -€82,573 | -58.6% |
| Amounts payable | 17/49 | €5,035,832 | €821,353 | -€4.2m | -83.7% |
| Amounts payable within one year | 42/48 | €5,010,457 | €808,827 | -€4.2m | -83.9% |
| Trade debts | 44 | €690,523 | €377,733 | -€312,790 | -45.3% |
| Suppliers | 440/4 | €690,523 | €377,733 | -€312,790 | -45.3% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €410,935 | €431,094 | +€20,159 | +4.9% |
| Taxes | 450/3 | €185,794 | €199,950 | +€14,155 | +7.6% |
| Remuneration and social security | 454/9 | €225,141 | €231,144 | +€6,004 | +2.7% |
| Other amounts payable | 47/48 | €3,909,000 | - | -€3.9m | |
| Accrued charges and deferred income | 492/3 | €25,374 | €12,526 | -€12,849 | -50.6% |
| Operating income | 70/76A | €11,214,147 | - | -€11.2m | |
| Turnover | 70 | €11,211,441 | - | -€11.2m | |
| Other operating income | 74 | €2,706 | - | -€2,706 | |
| Operating charges | 60/66A | €10,581,778 | - | -€10.6m | |
| Goods for resale, raw materials and consumables | 60 | €9,166,421 | - | -€9.2m | |
| Purchases | 600/8 | €9,170,367 | - | -€9.2m | |
| Change in stocks: decrease (increase) | 609 | -€3,946 | - | +€3,946 | |
| Services and other goods | 61 | €517,693 | - | -€517,693 | |
| Remuneration, social security and pensions | 62 | €883,937 | €949,112 | +€65,175 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,459 | €1,676 | +€217 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,042 | €0 | -€2,042 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €10,226 | €3,536 | -€6,690 | -65.4% |
| Gross operating margin | 9900 | - | €1,926,882 | +€1.9m | |
| Operating profit (loss) | 9901 | €632,369 | €972,558 | +€340,189 | +53.8% |
| Financial income | 75/76B | €1,793 | €3,078 | +€1,284 | +71.6% |
| Recurring financial income | 75 | €1,793 | €1,391 | -€402 | -22.4% |
| Income from current assets | 751 | €1,793 | - | -€1,793 | |
| Non-recurring financial income | 76B | - | €1,686 | +€1,686 | |
| Financial charges | 65/66B | €6,262 | €6,030 | -€232 | -3.7% |
| Recurring financial charges | 65 | €6,262 | €6,030 | -€232 | -3.7% |
| Other financial charges | 652/9 | €6,262 | - | -€6,262 | |
| Profit (loss) for the period before taxes | 9903 | €627,900 | €969,606 | +€341,705 | +54.4% |
| Income taxes | 67/77 | €177,283 | €287,178 | +€109,895 | +62.0% |
| Taxes | 670/3 | €177,283 | - | -€177,283 | |
| Profit (loss) for the period | 9904 | €450,617 | €682,428 | +€231,810 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €450,617 | €682,428 | +€231,810 | +51.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.