WIRESPEED: 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.
WIRESPEED
Largest movements
- Cash -€18,806
down €18,806 (-97.8%), from €19,221 to €415
mainly Net result for the year (-€97,010) and Trade debts (-€10,154)
- Tangible fixed assets -€9,620
down €9,620 (-5.6%), from €172,901 to €163,281
of which Land and buildings: -€8,971
- Receivables after one year -€7,500
down €7,500 (-5.2%), from €143,500 to €136,000
- Profit (loss) carried forward -€95,150
down €95,150, from €0 to -€95,150
- Debts after one year +€44,166
up €44,166 (+28.6%), from €154,272 to €198,437
- Other debts +€14,850
up €14,850 (+1,465%), from €1,014 to €15,863
- Current portion of long-term debt +€13,405
up €13,405 (+145%), from €9,238 to €22,643
- Trade debts -€10,154
down €10,154 (-86.1%), from €11,792 to €1,637
- Gross operating margin -€107,471
down €107,471, from €33,841 to -€73,630
- Taxes -€4,604
down €4,604 (-90.4%), from €5,091 to €487
- Financial charges +€3,235
up €3,235 (+36.6%), from €8,843 to €12,078
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 | €452,433 | €414,800 | -€37,634 | -8.3% |
| Fixed assets | 21/28 | €172,901 | €163,281 | -€9,620 | -5.6% |
| Tangible fixed assets | 22/27 | €172,901 | €163,281 | -€9,620 | -5.6% |
| Land and buildings | 22 | €171,977 | €163,006 | -€8,971 | -5.2% |
| Furniture and vehicles | 24 | €924 | €275 | -€649 | -70.2% |
| Current assets | 29/58 | €279,532 | €251,519 | -€28,013 | -10.0% |
| Amounts receivable after more than one year | 29 | €143,500 | €136,000 | -€7,500 | -5.2% |
| Other amounts receivable | 291 | €143,500 | €136,000 | -€7,500 | -5.2% |
| Amounts receivable within one year | 40/41 | €16,381 | €14,928 | -€1,453 | -8.9% |
| Trade receivables | 40 | €5,994 | €10,643 | +€4,648 | +77.5% |
| Other amounts receivable | 41 | €10,387 | €4,285 | -€6,102 | -58.7% |
| Current investments | 50/53 | €95,834 | €95,834 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,221 | €415 | -€18,806 | -97.8% |
| Deferred charges and accrued income | 490/1 | €4,596 | €4,342 | -€254 | -5.5% |
| Total equity and liabilities | 10/49 | €452,433 | €414,800 | -€37,634 | -8.3% |
| Equity | 10/15 | €253,834 | €156,824 | -€97,010 | -38.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €247,634 | €245,774 | -€1,860 | -0.8% |
| Tax-exempt reserves | 132 | €7,286 | €7,286 | = | 0.0% |
| Distributable reserves | 133 | €240,348 | €238,488 | -€1,860 | -0.8% |
| Profit (loss) carried forward | 14 | €0 | -€95,150 | -€95,150 | |
| Amounts payable | 17/49 | €198,599 | €257,976 | +€59,377 | +29.9% |
| Amounts payable after more than one year | 17 | €154,272 | €198,437 | +€44,166 | +28.6% |
| Financial debts | 170/4 | €154,272 | €198,437 | +€44,166 | +28.6% |
| Amounts payable within one year | 42/48 | €43,237 | €58,329 | +€15,092 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €9,238 | €22,643 | +€13,405 | +145% |
| Financial debts | 43 | €9,555 | €8,918 | -€637 | -6.7% |
| Credit institutions | 430/8 | €9,555 | €8,918 | -€637 | -6.7% |
| Trade debts | 44 | €11,792 | €1,637 | -€10,154 | -86.1% |
| Suppliers | 440/4 | €11,792 | €1,637 | -€10,154 | -86.1% |
| Taxes, remuneration and social security | 45 | €11,638 | €9,267 | -€2,372 | -20.4% |
| Taxes | 450/3 | €9,274 | €865 | -€8,409 | -90.7% |
| Remuneration and social security | 454/9 | €2,364 | €8,402 | +€6,038 | +255% |
| Other amounts payable | 47/48 | €1,014 | €15,863 | +€14,850 | +1,465% |
| Accrued charges and deferred income | 492/3 | €1,091 | €1,210 | +€119 | +10.9% |
| Non-recurring operating income | 76A | €16,000 | €0 | -€16,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,189 | €9,620 | -€569 | -5.6% |
| Other operating charges | 640/8 | €2,328 | €2,407 | +€80 | +3.4% |
| Gross operating margin | 9900 | €33,841 | -€73,630 | -€107,471 | |
| Operating profit (loss) | 9901 | €21,324 | -€85,658 | -€106,982 | |
| Financial income | 75/76B | €1,687 | €1,212 | -€475 | -28.1% |
| Recurring financial income | 75 | €1,687 | €1,212 | -€475 | -28.1% |
| Financial charges | 65/66B | €8,843 | €12,078 | +€3,235 | +36.6% |
| Recurring financial charges | 65 | €8,843 | €12,078 | +€3,235 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €14,168 | -€96,524 | -€110,692 | |
| Income taxes | 67/77 | €5,091 | €487 | -€4,604 | -90.4% |
| Profit (loss) for the period | 9904 | €9,077 | -€97,010 | -€106,088 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,077 | -€97,010 | -€106,088 |
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 19 October 2026 via checked.be.