WIRE CONNECT: 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.
WIRE CONNECT
Largest movements
- Receivables within one year +€22,615
up €22,615 (+54.2%), from €41,748 to €64,363
of which Other amounts receivable: +€28,150
- Cash -€20,758
down €20,758 (-28.0%), from €74,156 to €53,398
mainly Receivables within one year (-€22,615) and Current investments (-€19,888)
- Current investments +€19,888
new in 2025: €19,888
- Tangible fixed assets -€7,251
down €7,251 (-5.1%), from €142,097 to €134,846
of which Land and buildings: -€9,086
- Deferred charges and accrued income -€4,274
down €4,274 (-23.5%), from €18,175 to €13,901
- Trade debts +€22,145
up €22,145 (+4807.1%), from €461 to €22,606
- Debts after one year -€9,054
down €9,054 (-51.7%), from €17,498 to €8,444
- Other debts +€6,568
up €6,568 (+103.7%), from €6,335 to €12,903
- Tax, wage and social debts -€4,821
down €4,821 (-52.9%), from €9,116 to €4,294
- Other operating charges -€4,903
down €4,903 (-82.6%), from €5,938 to €1,034
- Taxes +€4,316
new in 2025: €4,316
- Financial charges +€1,607
new in 2025: €1,607
- Depreciation -€645
down €645 (-5.4%), from €11,868 to €11,223
- Financial income +€585
new in 2025: €585
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 | €276,331 | €286,551 | +€10,220 | +3.7% |
| Fixed assets | 21/28 | €142,097 | €134,846 | -€7,251 | -5.1% |
| Tangible fixed assets | 22/27 | €142,097 | €134,846 | -€7,251 | -5.1% |
| Land and buildings | 22 | €138,750 | €129,664 | -€9,086 | -6.5% |
| Furniture and vehicles | 24 | €3,347 | €5,182 | +€1,835 | +54.8% |
| Current assets | 29/58 | €134,234 | €151,705 | +€17,471 | +13.0% |
| Amounts receivable after more than one year | 29 | €156 | €156 | = | 0.0% |
| Other amounts receivable | 291 | €156 | €156 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,748 | €64,363 | +€22,615 | +54.2% |
| Trade receivables | 40 | €22,528 | €16,993 | -€5,536 | -24.6% |
| Other amounts receivable | 41 | €19,220 | €47,370 | +€28,150 | +146.5% |
| Current investments | 50/53 | - | €19,888 | +€19,888 | |
| Cash at bank and in hand | 54/58 | €74,156 | €53,398 | -€20,758 | -28.0% |
| Deferred charges and accrued income | 490/1 | €18,175 | €13,901 | -€4,274 | -23.5% |
| Total equity and liabilities | 10/49 | €276,331 | €286,551 | +€10,220 | +3.7% |
| Equity | 10/15 | €221,222 | €219,250 | -€1,972 | -0.9% |
| Reserves | 13 | €17,287 | €17,287 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €16,287 | €16,287 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,935 | €201,963 | -€1,972 | -1.0% |
| Amounts payable | 17/49 | €55,109 | €67,301 | +€12,192 | +22.1% |
| Amounts payable after more than one year | 17 | €17,498 | €8,444 | -€9,054 | -51.7% |
| Financial debts | 170/4 | €17,498 | €8,444 | -€9,054 | -51.7% |
| Amounts payable within one year | 42/48 | €37,611 | €58,857 | +€21,246 | +56.5% |
| Current portion of amounts payable after more than one year | 42 | €21,699 | €19,054 | -€2,646 | -12.2% |
| Trade debts | 44 | €461 | €22,606 | +€22,145 | +4807.1% |
| Suppliers | 440/4 | €461 | €22,606 | +€22,145 | +4807.1% |
| Taxes, remuneration and social security | 45 | €9,116 | €4,294 | -€4,821 | -52.9% |
| Taxes | 450/3 | €9,116 | €4,294 | -€4,821 | -52.9% |
| Other amounts payable | 47/48 | €6,335 | €12,903 | +€6,568 | +103.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,868 | €11,223 | -€645 | -5.4% |
| Other operating charges | 640/8 | €5,938 | €1,034 | -€4,903 | -82.6% |
| Gross operating margin | 9900 | €15,771 | €15,624 | -€147 | -0.9% |
| Operating profit (loss) | 9901 | -€2,035 | €3,366 | +€5,402 | |
| Financial income | 75/76B | - | €585 | +€585 | |
| Recurring financial income | 75 | - | €585 | +€585 | |
| Financial charges | 65/66B | - | €1,607 | +€1,607 | |
| Recurring financial charges | 65 | - | €1,607 | +€1,607 | |
| Profit (loss) for the period before taxes | 9903 | -€2,035 | €2,344 | +€4,379 | |
| Income taxes | 67/77 | - | €4,316 | +€4,316 | |
| Profit (loss) for the period | 9904 | -€2,035 | -€1,972 | +€63 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,035 | -€1,972 | +€63 | +3.1% |
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 7 October 2026 via checked.be.