WIRCO: 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.
WIRCO
Largest movements
- Intangible fixed assets -€35,586
down €35,586 (-20.1%), from €176,856 to €141,270
- Receivables within one year -€12,102
down €12,102 (-100.0%), from €12,102 to €0
of which Trade receivables: -€12,100
- Cash +€8,942
up €8,942 (+36.9%), from €24,263 to €33,205
mainly Depreciation (+€36,224) and Other debts (+€14,975)
- Tangible fixed assets +€5,362
up €5,362 (+1842.9%), from €291 to €5,653
of which Plant, machinery and equipment: +€5,653
- Debts after one year -€23,613
down €23,613 (-28.5%), from €82,862 to €59,249
- Profit (loss) carried forward -€17,012
down €17,012 (-65.9%), from -€25,803 to -€42,814
- Other debts +€14,975
up €14,975 (+18.6%), from €80,659 to €95,633
- Accrued charges and deferred income -€7,781
down €7,781 (-33.9%), from €22,987 to €15,205
- Tax, wage and social debts -€4,073
down €4,073 (-42.3%), from €9,624 to €5,551
- Gross operating margin +€8,853
up €8,853 (+48.2%), from €18,386 to €27,239
- Depreciation +€338
up €338 (+0.9%), from €35,886 to €36,224
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 | €213,512 | €180,129 | -€33,383 | -15.6% |
| Fixed assets | 21/28 | €177,147 | €146,924 | -€30,224 | -17.1% |
| Intangible fixed assets | 21 | €176,856 | €141,270 | -€35,586 | -20.1% |
| Tangible fixed assets | 22/27 | €291 | €5,653 | +€5,362 | +1842.9% |
| Plant, machinery and equipment | 23 | - | €5,653 | +€5,653 | |
| Furniture and vehicles | 24 | €291 | €0 | -€291 | -100.0% |
| Current assets | 29/58 | €36,365 | €33,205 | -€3,160 | -8.7% |
| Amounts receivable within one year | 40/41 | €12,102 | €0 | -€12,102 | -100.0% |
| Trade receivables | 40 | €12,100 | €0 | -€12,100 | -100.0% |
| Other amounts receivable | 41 | €2 | €0 | -€2 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,263 | €33,205 | +€8,942 | +36.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €213,512 | €180,129 | -€33,383 | -15.6% |
| Equity | 10/15 | -€6,996 | -€24,008 | -€17,012 | -243.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,807 | €16,807 | = | 0.0% |
| Distributable reserves | 133 | €16,807 | €16,807 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,803 | -€42,814 | -€17,012 | -65.9% |
| Amounts payable | 17/49 | €220,509 | €204,137 | -€16,372 | -7.4% |
| Amounts payable after more than one year | 17 | €82,862 | €59,249 | -€23,613 | -28.5% |
| Financial debts | 170/4 | €82,862 | €59,249 | -€23,613 | -28.5% |
| Amounts payable within one year | 42/48 | €114,660 | €129,682 | +€15,023 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €22,610 | €23,613 | +€1,003 | +4.4% |
| Trade debts | 44 | €1,767 | €4,885 | +€3,118 | +176.5% |
| Suppliers | 440/4 | €1,767 | €4,885 | +€3,118 | +176.5% |
| Taxes, remuneration and social security | 45 | €9,624 | €5,551 | -€4,073 | -42.3% |
| Taxes | 450/3 | €9,624 | €5,551 | -€4,073 | -42.3% |
| Other amounts payable | 47/48 | €80,659 | €95,633 | +€14,975 | +18.6% |
| Accrued charges and deferred income | 492/3 | €22,987 | €15,205 | -€7,781 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,886 | €36,224 | +€338 | +0.9% |
| Other operating charges | 640/8 | €1,491 | €1,293 | -€198 | -13.3% |
| Gross operating margin | 9900 | €18,386 | €27,239 | +€8,853 | +48.2% |
| Operating profit (loss) | 9901 | -€18,991 | -€10,278 | +€8,713 | +45.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -97.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -97.0% |
| Financial charges | 65/66B | €6,543 | €6,482 | -€61 | -0.9% |
| Recurring financial charges | 65 | €6,543 | €6,482 | -€61 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,533 | -€16,759 | +€8,774 | +34.4% |
| Income taxes | 67/77 | €269 | €253 | -€17 | -6.3% |
| Profit (loss) for the period | 9904 | -€25,803 | -€17,012 | +€8,791 | +34.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,803 | -€17,012 | +€8,791 | +34.1% |
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 6 October 2026 via checked.be.