WISE CLUSTER: 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.
WISE CLUSTER
Largest movements
- Deferred charges and accrued income +€114,721
up €114,721 (+2636.7%), from €4,351 to €119,072
- Cash -€43,480
down €43,480 (-55.8%), from €77,904 to €34,424
mainly Deferred charges and accrued income (-€114,721) and Debts after one year (-€79,852)
- Tangible fixed assets -€30,258
down €30,258 (-6.9%), from €438,717 to €408,459
of which Land and buildings: -€15,766
- Debts after one year -€79,852
down €79,852 (-7.5%), from €1.1m to €981,846
- Reserves +€40,427
up €40,427 (+40.3%), from €100,304 to €140,732
- Profit (loss) carried forward +€39,921
no longer reported in 2025 (was -€39,921)
- Other debts +€26,313
up €26,313 (+205.6%), from €12,797 to €39,111
- Accrued charges and deferred income +€24,281
new in 2025: €24,281
- Financial income +€169,648
up €169,648 (+2813.7%), from €6,029 to €175,677
- Gross operating margin -€87,999
down €87,999, from €43,197 to -€44,802
- Depreciation -€12,865
down €12,865 (-29.1%), from €44,213 to €31,348
- Financial charges +€5,491
up €5,491 (+102.2%), from €5,372 to €10,863
of which Financial charges: +€6,226
- Taxes +€4,048
up €4,048 (+1111.6%), from €364 to €4,412
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 | €1,218,409 | €1,262,669 | +€44,260 | +3.6% |
| Fixed assets | 21/28 | €1,078,031 | €1,047,773 | -€30,258 | -2.8% |
| Tangible fixed assets | 22/27 | €438,717 | €408,459 | -€30,258 | -6.9% |
| Land and buildings | 22 | €379,817 | €364,052 | -€15,766 | -4.2% |
| Plant, machinery and equipment | 23 | €37,797 | €30,306 | -€7,491 | -19.8% |
| Furniture and vehicles | 24 | €11,783 | €7,190 | -€4,593 | -39.0% |
| Other tangible fixed assets | 26 | €9,320 | €6,911 | -€2,409 | -25.8% |
| Financial fixed assets | 28 | €639,314 | €639,314 | = | 0.0% |
| Current assets | 29/58 | €140,378 | €214,896 | +€74,518 | +53.1% |
| Amounts receivable within one year | 40/41 | €58,123 | €61,400 | +€3,278 | +5.6% |
| Trade receivables | 40 | €39,855 | €43,133 | +€3,278 | +8.2% |
| Other amounts receivable | 41 | €18,268 | €18,268 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,904 | €34,424 | -€43,480 | -55.8% |
| Deferred charges and accrued income | 490/1 | €4,351 | €119,072 | +€114,721 | +2636.7% |
| Total equity and liabilities | 10/49 | €1,218,409 | €1,262,669 | +€44,260 | +3.6% |
| Equity | 10/15 | €101,443 | €181,792 | +€80,349 | +79.2% |
| Contributions | 10/11 | €41,060 | €41,060 | = | 0.0% |
| Reserves | 13 | €100,304 | €140,732 | +€40,427 | +40.3% |
| Distributable reserves | 133 | €100,304 | €140,732 | +€40,427 | +40.3% |
| Profit (loss) carried forward | 14 | -€39,921 | - | +€39,921 | |
| Amounts payable | 17/49 | €1,116,966 | €1,080,877 | -€36,089 | -3.2% |
| Amounts payable after more than one year | 17 | €1,061,698 | €981,846 | -€79,852 | -7.5% |
| Financial debts | 170/4 | €1,061,698 | €981,846 | -€79,852 | -7.5% |
| Amounts payable within one year | 42/48 | €55,268 | €74,751 | +€19,483 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €29,111 | €29,852 | +€742 | +2.5% |
| Trade debts | 44 | €4,939 | €400 | -€4,539 | -91.9% |
| Suppliers | 440/4 | €4,939 | €400 | -€4,539 | -91.9% |
| Taxes, remuneration and social security | 45 | €8,420 | €5,388 | -€3,033 | -36.0% |
| Taxes | 450/3 | €8,420 | €5,388 | -€3,033 | -36.0% |
| Other amounts payable | 47/48 | €12,797 | €39,111 | +€26,313 | +205.6% |
| Accrued charges and deferred income | 492/3 | - | €24,281 | +€24,281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,213 | €31,348 | -€12,865 | -29.1% |
| Other operating charges | 640/8 | €2,227 | €3,903 | +€1,677 | +75.3% |
| Non-recurring operating charges | 66A | €36,971 | - | -€36,971 | |
| Gross operating margin | 9900 | €43,197 | -€44,802 | -€87,999 | |
| Operating profit (loss) | 9901 | -€40,215 | -€80,054 | -€39,839 | -99.1% |
| Financial income | 75/76B | €6,029 | €175,677 | +€169,648 | +2813.7% |
| Recurring financial income | 75 | €6,029 | €175,677 | +€169,648 | +2813.7% |
| Financial charges | 65/66B | €5,372 | €10,863 | +€5,491 | +102.2% |
| Recurring financial charges | 65 | €4,637 | €10,863 | +€6,226 | +134.3% |
| Non-recurring financial charges | 66B | €735 | - | -€735 | |
| Profit (loss) for the period before taxes | 9903 | -€39,557 | €84,761 | +€124,318 | |
| Income taxes | 67/77 | €364 | €4,412 | +€4,048 | +1111.6% |
| Profit (loss) for the period | 9904 | -€39,921 | €80,349 | +€120,270 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,921 | €80,349 | +€120,270 |
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 29 September 2026 via checked.be.