WISE: 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.
WISE
Largest movements
- Financial fixed assets +€405,490
new in 2025: €405,490
- Cash +€312,305
up €312,305 (+187.8%), from €166,274 to €478,579
mainly Other debts (+€418,444) and Accrued charges and deferred income (+€293,997)
- Receivables within one year +€145,881
up €145,881 (+191.1%), from €76,324 to €222,205
of which Trade receivables: +€105,881
- Tangible fixed assets -€72,869
down €72,869 (-29.7%), from €245,093 to €172,224
- Stocks and contracts -€46,382
down €46,382 (-37.5%), from €123,834 to €77,452
- Other debts +€418,444
new in 2025: €418,444
- Accrued charges and deferred income +€293,997
new in 2025: €293,997
- Reserves +€80,174
up €80,174 (+41.8%), from €192,000 to €272,174
- Trade debts -€60,321
down €60,321 (-26.0%), from €232,432 to €172,111
- Gross operating margin +€50,271
up €50,271 (+33.6%), from €149,432 to €199,703
- Taxes +€14,686
up €14,686 (+133.5%), from €11,000 to €25,686
- Depreciation +€2,405
up €2,405 (+2.6%), from €92,612 to €95,017
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 | €612,205 | €1,356,856 | +€744,651 | +121.6% |
| Fixed assets | 21/28 | €245,093 | €577,714 | +€332,621 | +135.7% |
| Tangible fixed assets | 22/27 | €245,093 | €172,224 | -€72,869 | -29.7% |
| Plant, machinery and equipment | 23 | €245,093 | €172,224 | -€72,869 | -29.7% |
| Financial fixed assets | 28 | - | €405,490 | +€405,490 | |
| Current assets | 29/58 | €367,112 | €779,142 | +€412,030 | +112.2% |
| Stocks and contracts in progress | 3 | €123,834 | €77,452 | -€46,382 | -37.5% |
| Stocks | 30/36 | €123,834 | €77,452 | -€46,382 | -37.5% |
| Amounts receivable within one year | 40/41 | €76,324 | €222,205 | +€145,881 | +191.1% |
| Trade receivables | 40 | €73,662 | €179,543 | +€105,881 | +143.7% |
| Other amounts receivable | 41 | €2,662 | €42,662 | +€40,000 | +1502.6% |
| Cash at bank and in hand | 54/58 | €166,274 | €478,579 | +€312,305 | +187.8% |
| Deferred charges and accrued income | 490/1 | €680 | €907 | +€227 | +33.3% |
| Total equity and liabilities | 10/49 | €612,205 | €1,356,856 | +€744,651 | +121.6% |
| Equity | 10/15 | €213,086 | €292,174 | +€79,088 | +37.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €192,000 | €272,174 | +€80,174 | +41.8% |
| Distributable reserves | 133 | €192,000 | €272,174 | +€80,174 | +41.8% |
| Profit (loss) carried forward | 14 | €1,086 | €0 | -€1,086 | -100.0% |
| Amounts payable | 17/49 | €399,119 | €1,064,682 | +€665,563 | +166.8% |
| Amounts payable within one year | 42/48 | €399,119 | €770,686 | +€371,567 | +93.1% |
| Financial debts | 43 | €166,500 | €166,500 | = | 0.0% |
| Credit institutions | 430/8 | - | €96,500 | +€96,500 | |
| Other loans | 439 | €166,500 | €70,000 | -€96,500 | -58.0% |
| Trade debts | 44 | €232,432 | €172,111 | -€60,321 | -26.0% |
| Suppliers | 440/4 | €232,432 | €172,111 | -€60,321 | -26.0% |
| Taxes, remuneration and social security | 45 | €187 | €13,631 | +€13,444 | +7189.2% |
| Taxes | 450/3 | €187 | €13,631 | +€13,444 | +7189.2% |
| Other amounts payable | 47/48 | - | €418,444 | +€418,444 | |
| Accrued charges and deferred income | 492/3 | - | €293,997 | +€293,997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,612 | €95,017 | +€2,405 | +2.6% |
| Other operating charges | 640/8 | €513 | €628 | +€115 | +22.4% |
| Gross operating margin | 9900 | €149,432 | €199,703 | +€50,271 | +33.6% |
| Operating profit (loss) | 9901 | €56,307 | €104,058 | +€47,751 | +84.8% |
| Financial income | 75/76B | €3 | €721 | +€718 | +23918.3% |
| Recurring financial income | 75 | €3 | €721 | +€718 | +23918.3% |
| Financial charges | 65/66B | €74 | €5 | -€69 | -92.6% |
| Recurring financial charges | 65 | €74 | €5 | -€69 | -92.6% |
| Profit (loss) for the period before taxes | 9903 | €56,236 | €104,773 | +€48,537 | +86.3% |
| Income taxes | 67/77 | €11,000 | €25,686 | +€14,686 | +133.5% |
| Profit (loss) for the period | 9904 | €45,236 | €79,088 | +€33,852 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,236 | €79,088 | +€33,852 | +74.8% |
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 10 October 2026 via checked.be.