Wise Europe: 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.
What changed
Wise Europe
NACE 64.999, Other financial services
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€2.7m
2025 · €4.4m-€1.6m
Equity
€36.4m
2025 · €28.6m+€7.7m
Cash
€2.27bn
2025 · €1.21bn+€1.06bn
Balance sheet total
€9.82bn
2025 · €8.01bn+€1.81bn
Largest movements
Assets
- Cash +€1.06bn
up €1.06bn (+87.0%), from €1.21bn to €2.27bn
mainly Trade debts (+€1.62bn) and Other debts (+€178.3m)
- Current investments +€557.0m
up €557.0m (+8.6%), from €6.50bn to €7.06bn
- Receivables within one year +€178.9m
up €178.9m (+62.1%), from €288.1m to €466.9m
of which Other amounts receivable: +€167.5m
Equity and liabilities
- Trade debts +€1.62bn
up €1.62bn (+20.5%), from €7.89bn to €9.51bn
- Other debts +€178.3m
up €178.3m (+287%), from €62.1m to €240.4m
Income statement
- Financial charges +€80.8m
up €80.8m (+16.7%), from €484.0m to €564.7m
- Financial income +€80.8m
up €80.8m (+16.7%), from €484.0m to €564.7m
- Turnover +€58.1m
up €58.1m (+15.4%), from €375.9m to €434.0m
- Goods and materials +€50.9m
up €50.9m (+15.0%), from €339.1m to €390.0m
of which Purchases: +€51.0m
From the 2025 result to the 2026 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.
Result 2025
€4.4m
Turnover
+€58.1m
Other operating income
-€890,864
Goods and materials
-€50.9m
Services and other goods
-€2.8m
Staff costs
-€3.7m
Depreciation
+€8,465
Write-downs
-€529,721
Provisions
-€2.7m
Other operating charges
+€3.3m
Financial income
+€80.8m
Financial charges
-€80.8m
Taxes
-€1.6m
Result 2026
€2.7m
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.61bn
Investment
-€557.0m
Financing
+€5.0m
Cash 2025
€1.21bn
From operations (derived)
+€1.61bn
Net result for the year
+€2.7m
Depreciation
+€98,702
Smaller working-capital items
+€368,853
Receivables within one year
-€178.9m
Deferred charges and accrued income
-€20.0m
Provisions
+€6.0m
Trade debts
+€1.62bn
Other debts
+€178.3m
Investment (derived)
-€557.0m
Current investments
-€557.0m
Financing
+€5.0m
Contributions, distributions and other
+€5.0m
Cash 2026
€2.27bn
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,008,547,869 | €9,819,443,279 | +€1.81bn | +22.6% |
| Fixed assets | 21/28 | €607,656 | €508,953 | -€98,702 | -16.2% |
| Intangible fixed assets | 21 | €128,928 | €88,214 | -€40,714 | -31.6% |
| Tangible fixed assets | 22/27 | €417,069 | €359,081 | -€57,988 | -13.9% |
| Furniture and vehicles | 24 | €56,649 | €19,754 | -€36,895 | -65.1% |
| Other tangible fixed assets | 26 | €360,420 | €339,327 | -€21,093 | -5.9% |
| Financial fixed assets | 28 | €61,659 | €61,659 | = | 0.0% |
| Other financial fixed assets | 284/8 | €61,659 | €61,659 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €61,659 | €61,659 | = | 0.0% |
| Current assets | 29/58 | €8,007,940,214 | €9,818,934,326 | +€1.81bn | +22.6% |
| Stocks and contracts in progress | 3 | €155,286 | €99,942 | -€55,344 | -35.6% |
| Stocks | 30/36 | €155,286 | €99,942 | -€55,344 | -35.6% |
| Goods purchased for resale | 34 | €155,286 | €99,942 | -€55,344 | -35.6% |
| Amounts receivable within one year | 40/41 | €288,073,331 | €466,944,130 | +€178.9m | +62.1% |
| Trade receivables | 40 | €30,831,879 | €42,246,445 | +€11.4m | +37.0% |
| Other amounts receivable | 41 | €257,241,452 | €424,697,685 | +€167.5m | +65.1% |
| Current investments | 50/53 | €6,502,733,928 | €7,059,715,881 | +€557.0m | +8.6% |
| Other investments | 51/53 | €6,502,733,928 | €7,059,715,881 | +€557.0m | +8.6% |
| Cash at bank and in hand | 54/58 | €1,213,002,097 | €2,268,248,123 | +€1.06bn | +87.0% |
| Deferred charges and accrued income | 490/1 | €3,975,571 | €23,926,250 | +€20.0m | +502% |
| Total equity and liabilities | 10/49 | €8,008,547,869 | €9,819,443,279 | +€1.81bn | +22.6% |
| Equity | 10/15 | €28,649,441 | €36,377,149 | +€7.7m | +27.0% |
| Contributions | 10/11 | €18,694,188 | €23,694,188 | +€5.0m | +26.7% |
| Capital | 10 | €18,694,188 | €23,694,188 | +€5.0m | +26.7% |
| Issued capital | 100 | €18,694,188 | €23,694,188 | +€5.0m | +26.7% |
| Reserves | 13 | €497,763 | €634,148 | +€136,385 | +27.4% |
| Non-distributable reserves | 130/1 | €497,763 | €634,148 | +€136,385 | +27.4% |
| Legal reserve | 130 | €497,763 | €634,148 | +€136,385 | +27.4% |
| Profit (loss) carried forward | 14 | €9,457,491 | €12,048,813 | +€2.6m | +27.4% |
| Provisions and deferred taxes | 16 | €4,554,775 | €10,515,176 | +€6.0m | +131% |
| Provisions for liabilities and charges | 160/5 | €4,554,775 | €10,515,176 | +€6.0m | +131% |
| Other liabilities and charges | 164/5 | €4,554,775 | €10,515,176 | +€6.0m | +131% |
| Amounts payable | 17/49 | €7,975,343,653 | €9,772,550,955 | +€1.80bn | +22.5% |
| Amounts payable within one year | 42/48 | €7,963,459,314 | €9,759,907,775 | +€1.80bn | +22.6% |
| Trade debts | 44 | €7,892,622,188 | €9,511,252,107 | +€1.62bn | +20.5% |
| Suppliers | 440/4 | €7,892,622,188 | €9,511,252,107 | +€1.62bn | +20.5% |
| Taxes, remuneration and social security | 45 | €8,715,140 | €8,269,808 | -€445,331 | -5.1% |
| Taxes | 450/3 | €7,421,144 | €6,457,655 | -€963,489 | -13.0% |
| Remuneration and social security | 454/9 | €1,293,996 | €1,812,154 | +€518,158 | +40.0% |
| Other amounts payable | 47/48 | €62,121,986 | €240,385,860 | +€178.3m | +287% |
| Accrued charges and deferred income | 492/3 | €11,884,339 | €12,643,180 | +€758,840 | +6.4% |
| Operating income | 70/76A | €388,009,391 | €445,186,912 | +€57.2m | +14.7% |
| Turnover | 70 | €375,892,329 | €433,960,714 | +€58.1m | +15.4% |
| Other operating income | 74 | €12,117,062 | €11,226,198 | -€890,864 | -7.4% |
| Operating charges | 60/66A | €382,383,923 | €439,626,218 | +€57.2m | +15.0% |
| Goods for resale, raw materials and consumables | 60 | €339,136,830 | €390,027,562 | +€50.9m | +15.0% |
| Purchases | 600/8 | €338,972,960 | €389,972,218 | +€51.0m | +15.0% |
| Change in stocks: decrease (increase) | 609 | €163,870 | €55,344 | -€108,526 | -66.2% |
| Services and other goods | 61 | €4,081,028 | €6,901,569 | +€2.8m | +69.1% |
| Remuneration, social security and pensions | 62 | €10,406,166 | €14,071,757 | +€3.7m | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,167 | €98,702 | -€8,465 | -7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €678,115 | €1,207,836 | +€529,721 | +78.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,275,992 | €4,967,351 | +€2.7m | +118% |
| Other operating charges | 640/8 | €25,698,626 | €22,351,439 | -€3.3m | -13.0% |
| Operating profit (loss) | 9901 | €5,625,468 | €5,560,694 | -€64,774 | -1.2% |
| Financial income | 75/76B | €483,951,251 | €564,704,476 | +€80.8m | +16.7% |
| Recurring financial income | 75 | €483,951,251 | €564,704,476 | +€80.8m | +16.7% |
| Income from current assets | 751 | €262,930,058 | €234,786,832 | -€28.1m | -10.7% |
| Other financial income | 752/9 | €221,021,193 | €329,917,644 | +€108.9m | +49.3% |
| Financial charges | 65/66B | €483,951,251 | €564,704,476 | +€80.8m | +16.7% |
| Recurring financial charges | 65 | €483,951,251 | €564,704,476 | +€80.8m | +16.7% |
| Debt charges | 650 | €270,938,216 | €234,783,728 | -€36.2m | -13.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | €821,369 | +€821,369 | |
| Other financial charges | 652/9 | €213,013,035 | €329,099,379 | +€116.1m | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €5,625,468 | €5,560,694 | -€64,774 | -1.2% |
| Income taxes | 67/77 | €1,269,964 | €2,832,986 | +€1.6m | +123% |
| Taxes | 670/3 | €1,481,775 | €2,847,205 | +€1.4m | +92.1% |
| Tax adjustments and reversals of tax provisions | 77 | €211,810 | €14,218 | -€197,592 | -93.3% |
| Profit (loss) for the period | 9904 | €4,355,504 | €2,727,708 | -€1.6m | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,355,504 | €2,727,708 | -€1.6m | -37.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.