WISA: 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.
WISA
Largest movements
- Current investments +€280,749
up €280,749 (+232%), from €120,942 to €401,691
- Receivables within one year +€165,386
up €165,386 (+11.8%), from €1.4m to €1.6m
of which Other amounts receivable: +€141,778
- Cash -€109,143
down €109,143 (-15.4%), from €706,593 to €597,450
mainly Contributions, distributions and other (-€324,121) and Current investments (-€280,749)
- Intangible fixed assets -€77,142
down €77,142 (-6.1%), from €1.3m to €1.2m
- Other debts +€133,426
up €133,426 (+70.0%), from €190,695 to €324,121
- Gross operating margin +€214,149
up €214,149 (+10.4%), from €2.1m to €2.3m
- Staff costs +€98,856
up €98,856 (+6.8%), from €1.5m to €1.5m
- Taxes +€38,120
up €38,120 (+26.3%), from €144,678 to €182,797
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 | €3,597,073 | €3,832,399 | +€235,326 | +6.5% |
| Fixed assets | 21/28 | €1,299,573 | €1,208,584 | -€90,989 | -7.0% |
| Intangible fixed assets | 21 | €1,263,212 | €1,186,070 | -€77,142 | -6.1% |
| Tangible fixed assets | 22/27 | €28,851 | €15,004 | -€13,847 | -48.0% |
| Furniture and vehicles | 24 | €28,851 | €15,004 | -€13,847 | -48.0% |
| Financial fixed assets | 28 | €7,510 | €7,510 | = | 0.0% |
| Current assets | 29/58 | €2,297,500 | €2,623,815 | +€326,315 | +14.2% |
| Amounts receivable after more than one year | 29 | €30,981 | €0 | -€30,981 | -100% |
| Other amounts receivable | 291 | €30,981 | €0 | -€30,981 | -100% |
| Amounts receivable within one year | 40/41 | €1,397,854 | €1,563,240 | +€165,386 | +11.8% |
| Trade receivables | 40 | €190,470 | €214,078 | +€23,608 | +12.4% |
| Other amounts receivable | 41 | €1,207,384 | €1,349,162 | +€141,778 | +11.7% |
| Current investments | 50/53 | €120,942 | €401,691 | +€280,749 | +232% |
| Cash at bank and in hand | 54/58 | €706,593 | €597,450 | -€109,143 | -15.4% |
| Deferred charges and accrued income | 490/1 | €41,130 | €61,435 | +€20,304 | +49.4% |
| Total equity and liabilities | 10/49 | €3,597,073 | €3,832,399 | +€235,326 | +6.5% |
| Equity | 10/15 | €1,923,658 | €1,954,452 | +€30,794 | +1.6% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €1,880,238 | €1,911,032 | +€30,794 | +1.6% |
| Distributable reserves | 133 | €1,880,238 | €1,911,032 | +€30,794 | +1.6% |
| Profit (loss) carried forward | 14 | €6,236 | €6,236 | = | 0.0% |
| Amounts payable | 17/49 | €1,673,415 | €1,877,947 | +€204,532 | +12.2% |
| Amounts payable within one year | 42/48 | €393,600 | €584,524 | +€190,924 | +48.5% |
| Trade debts | 44 | €22,349 | €48,308 | +€25,959 | +116% |
| Suppliers | 440/4 | €22,349 | €48,308 | +€25,959 | +116% |
| Taxes, remuneration and social security | 45 | €180,555 | €212,094 | +€31,539 | +17.5% |
| Taxes | 450/3 | €18,825 | €31,654 | +€12,829 | +68.1% |
| Remuneration and social security | 454/9 | €161,731 | €180,440 | +€18,710 | +11.6% |
| Other amounts payable | 47/48 | €190,695 | €324,121 | +€133,426 | +70.0% |
| Accrued charges and deferred income | 492/3 | €1,279,815 | €1,293,423 | +€13,608 | +1.1% |
| Remuneration, social security and pensions | 62 | €1,451,052 | €1,549,909 | +€98,856 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,907 | €197,523 | -€13,384 | -6.3% |
| Other operating charges | 640/8 | €4,482 | €4,295 | -€188 | -4.2% |
| Non-recurring operating charges | 66A | - | €3,194 | +€3,194 | |
| Gross operating margin | 9900 | €2,053,743 | €2,267,892 | +€214,149 | +10.4% |
| Operating profit (loss) | 9901 | €387,301 | €512,972 | +€125,671 | +32.4% |
| Financial income | 75/76B | €45,529 | €27,364 | -€18,165 | -39.9% |
| Recurring financial income | 75 | €45,529 | €27,364 | -€18,165 | -39.9% |
| Financial charges | 65/66B | €904 | €2,623 | +€1,719 | +190% |
| Recurring financial charges | 65 | €904 | €2,623 | +€1,719 | +190% |
| Profit (loss) for the period before taxes | 9903 | €431,926 | €537,713 | +€105,786 | +24.5% |
| Income taxes | 67/77 | €144,678 | €182,797 | +€38,120 | +26.3% |
| Profit (loss) for the period | 9904 | €287,249 | €354,915 | +€67,667 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €287,249 | €354,915 | +€67,667 | +23.6% |
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 14 October 2026 via checked.be.