WISE DEAL: 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 DEAL
Largest movements
- Stocks and contracts -€32,715
down €32,715 (-50.5%), from €64,765 to €32,050
- Cash +€21,732
up €21,732 (+468%), from €4,642 to €26,375
mainly Stocks and contracts (+€32,715) and Receivables within one year (+€14,127)
- Receivables within one year -€14,127
down €14,127 (-100%), from €14,127 to €0
of which Trade receivables: -€13,228
- Tangible fixed assets -€9,083
down €9,083 (-93.4%), from €9,720 to €638
of which Furniture and vehicles: -€8,215
- Tax, wage and social debts -€15,676
down €15,676 (-68.8%), from €22,787 to €7,111
of which Remuneration and social security: -€10,464
- Trade debts -€12,296
down €12,296 (-49.4%), from €24,873 to €12,577
- Other debts -€8,390
down €8,390 (-55.7%), from €15,067 to €6,677
- Profit (loss) carried forward +€2,982
up €2,982 (+7.6%), from €39,409 to €42,392
- Gross operating margin -€35,631
down €35,631 (-49.6%), from €71,783 to €36,152
- Staff costs -€32,399
down €32,399 (-61.0%), from €53,145 to €20,747
- Depreciation -€3,066
down €3,066 (-67.2%), from €4,561 to €1,495
- Other operating charges -€3,047
down €3,047 (-44.2%), from €6,894 to €3,847
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 | €106,136 | €72,757 | -€33,379 | -31.4% |
| Fixed assets | 21/28 | €21,628 | €12,593 | -€9,035 | -41.8% |
| Tangible fixed assets | 22/27 | €9,720 | €638 | -€9,083 | -93.4% |
| Plant, machinery and equipment | 23 | €1,505 | €638 | -€867 | -57.6% |
| Furniture and vehicles | 24 | €8,215 | €0 | -€8,215 | -100% |
| Financial fixed assets | 28 | €11,908 | €11,955 | +€47 | +0.4% |
| Current assets | 29/58 | €84,508 | €60,164 | -€24,344 | -28.8% |
| Stocks and contracts in progress | 3 | €64,765 | €32,050 | -€32,715 | -50.5% |
| Stocks | 30/36 | €64,765 | €32,050 | -€32,715 | -50.5% |
| Amounts receivable within one year | 40/41 | €14,127 | €0 | -€14,127 | -100% |
| Trade receivables | 40 | €13,228 | €0 | -€13,228 | -100% |
| Other amounts receivable | 41 | €898 | - | -€898 | |
| Cash at bank and in hand | 54/58 | €4,642 | €26,375 | +€21,732 | +468% |
| Deferred charges and accrued income | 490/1 | €974 | €1,739 | +€765 | +78.6% |
| Total equity and liabilities | 10/49 | €106,136 | €72,757 | -€33,379 | -31.4% |
| Equity | 10/15 | €43,409 | €46,392 | +€2,982 | +6.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,409 | €42,392 | +€2,982 | +7.6% |
| Amounts payable | 17/49 | €62,727 | €26,365 | -€36,362 | -58.0% |
| Amounts payable within one year | 42/48 | €62,727 | €26,365 | -€36,362 | -58.0% |
| Trade debts | 44 | €24,873 | €12,577 | -€12,296 | -49.4% |
| Suppliers | 440/4 | €24,873 | €12,577 | -€12,296 | -49.4% |
| Taxes, remuneration and social security | 45 | €22,787 | €7,111 | -€15,676 | -68.8% |
| Taxes | 450/3 | €8,885 | €3,674 | -€5,211 | -58.6% |
| Remuneration and social security | 454/9 | €13,902 | €3,437 | -€10,464 | -75.3% |
| Other amounts payable | 47/48 | €15,067 | €6,677 | -€8,390 | -55.7% |
| Remuneration, social security and pensions | 62 | €53,145 | €20,747 | -€32,399 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,561 | €1,495 | -€3,066 | -67.2% |
| Other operating charges | 640/8 | €6,894 | €3,847 | -€3,047 | -44.2% |
| Non-recurring operating charges | 66A | - | €901 | +€901 | |
| Gross operating margin | 9900 | €71,783 | €36,152 | -€35,631 | -49.6% |
| Operating profit (loss) | 9901 | €7,183 | €9,163 | +€1,980 | +27.6% |
| Financial income | 75/76B | €258 | €68 | -€190 | -73.7% |
| Recurring financial income | 75 | €258 | €68 | -€190 | -73.7% |
| Financial charges | 65/66B | €894 | €223 | -€671 | -75.1% |
| Recurring financial charges | 65 | €894 | €223 | -€671 | -75.1% |
| Profit (loss) for the period before taxes | 9903 | €6,547 | €9,008 | +€2,461 | +37.6% |
| Income taxes | 67/77 | €1,573 | €2,275 | +€702 | +44.6% |
| Profit (loss) for the period | 9904 | €4,973 | €6,732 | +€1,759 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,973 | €6,732 | +€1,759 | +35.4% |
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 23 October 2026 via checked.be.