WIRECO: 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.
WIRECO
Largest movements
- Cash +€311,761
up €311,761 (+55.1%), from €566,106 to €877,867
mainly Net result for the year (+€360,362) and Depreciation (+€35,782)
- Tangible fixed assets -€32,023
down €32,023 (-5.4%), from €590,145 to €558,122
of which Land and buildings: -€27,995
- Current investments +€24,000
up €24,000 (+15.8%), from €152,000 to €176,000
- Reserves +€360,362
up €360,362 (+22.8%), from €1.6m to €1.9m
of which Distributable reserves: +€360,362
- Current portion of long-term debt -€54,355
down €54,355 (-62.9%), from €86,428 to €32,073
- Debts after one year -€32,073
down €32,073 (-34.9%), from €92,002 to €59,929
- Taxes -€53,190
down €53,190 (-61.8%), from €86,000 to €32,810
- Other operating charges -€27,528
down €27,528 (-79.1%), from €34,805 to €7,277
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 | €2,037,306 | €2,336,138 | +€298,832 | +14.7% |
| Fixed assets | 21/28 | €590,645 | €558,622 | -€32,023 | -5.4% |
| Tangible fixed assets | 22/27 | €590,145 | €558,122 | -€32,023 | -5.4% |
| Land and buildings | 22 | €569,057 | €541,062 | -€27,995 | -4.9% |
| Plant, machinery and equipment | 23 | €15,888 | €14,460 | -€1,428 | -9.0% |
| Furniture and vehicles | 24 | €5,200 | €2,600 | -€2,600 | -50.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,446,661 | €1,777,516 | +€330,855 | +22.9% |
| Amounts receivable within one year | 40/41 | €705,511 | €705,414 | -€97 | 0.0% |
| Trade receivables | 40 | €691,511 | €691,414 | -€97 | 0.0% |
| Other amounts receivable | 41 | €14,000 | €14,000 | = | 0.0% |
| Current investments | 50/53 | €152,000 | €176,000 | +€24,000 | +15.8% |
| Cash at bank and in hand | 54/58 | €566,106 | €877,867 | +€311,761 | +55.1% |
| Deferred charges and accrued income | 490/1 | €23,044 | €18,235 | -€4,809 | -20.9% |
| Total equity and liabilities | 10/49 | €2,037,306 | €2,336,138 | +€298,832 | +14.7% |
| Equity | 10/15 | €1,593,113 | €1,953,475 | +€360,362 | +22.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,580,713 | €1,941,075 | +€360,362 | +22.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,578,853 | €1,939,215 | +€360,362 | +22.8% |
| Amounts payable | 17/49 | €444,193 | €382,663 | -€61,530 | -13.9% |
| Amounts payable after more than one year | 17 | €92,002 | €59,929 | -€32,073 | -34.9% |
| Financial debts | 170/4 | €92,002 | €59,929 | -€32,073 | -34.9% |
| Amounts payable within one year | 42/48 | €352,191 | €322,734 | -€29,457 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €86,428 | €32,073 | -€54,355 | -62.9% |
| Trade debts | 44 | €191,223 | €210,350 | +€19,127 | +10.0% |
| Suppliers | 440/4 | €191,223 | €210,350 | +€19,127 | +10.0% |
| Taxes, remuneration and social security | 45 | €65,814 | €73,617 | +€7,803 | +11.9% |
| Taxes | 450/3 | €43,659 | €56,231 | +€12,572 | +28.8% |
| Remuneration and social security | 454/9 | €22,155 | €17,386 | -€4,769 | -21.5% |
| Other amounts payable | 47/48 | €8,726 | €6,694 | -€2,032 | -23.3% |
| Remuneration, social security and pensions | 62 | €251,896 | €250,656 | -€1,240 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,958 | €35,782 | -€1,176 | -3.2% |
| Other operating charges | 640/8 | €34,805 | €7,277 | -€27,528 | -79.1% |
| Gross operating margin | 9900 | €703,989 | €702,985 | -€1,004 | -0.1% |
| Operating profit (loss) | 9901 | €380,330 | €409,270 | +€28,940 | +7.6% |
| Financial income | 75/76B | €658 | €549 | -€109 | -16.6% |
| Recurring financial income | 75 | €658 | €549 | -€109 | -16.6% |
| Financial charges | 65/66B | €16,985 | €16,647 | -€338 | -2.0% |
| Recurring financial charges | 65 | €11,856 | €16,647 | +€4,791 | +40.4% |
| Non-recurring financial charges | 66B | €5,129 | - | -€5,129 | |
| Profit (loss) for the period before taxes | 9903 | €364,003 | €393,172 | +€29,169 | +8.0% |
| Income taxes | 67/77 | €86,000 | €32,810 | -€53,190 | -61.8% |
| Profit (loss) for the period | 9904 | €278,003 | €360,362 | +€82,359 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €278,003 | €360,362 | +€82,359 | +29.6% |
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 9 October 2026 via checked.be.