WISE MGMT: 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 MGMT
Largest movements
- Cash -€70,560
down €70,560 (-67.5%), from €104,562 to €34,003
mainly Contributions, distributions and other (-€230,000) and Investment in fixed assets (net) (-€1,243)
- Receivables within one year -€52,580
down €52,580 (-63.5%), from €82,830 to €30,250
of which Other amounts receivable: -€82,823
- Reserves -€151,300
down €151,300 (-87.2%), from €173,565 to €22,265
- Other debts +€14,032
up €14,032, from €0 to €14,032
- Short-term financial debts +€7,784
new in 2025: €7,784
- Tax, wage and social debts +€3,015
up €3,015 (+19.2%), from €15,678 to €18,693
- Gross operating margin +€8,118
up €8,118 (+8.1%), from €100,348 to €108,466
- Financial income -€1,978
down €1,978 (-96.0%), from €2,060 to €82
- Taxes +€1,631
up €1,631 (+8.1%), from €20,194 to €21,825
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 | €195,552 | €69,320 | -€126,232 | -64.6% |
| Fixed assets | 21/28 | €4,736 | €3,340 | -€1,396 | -29.5% |
| Tangible fixed assets | 22/27 | €4,736 | €3,340 | -€1,396 | -29.5% |
| Furniture and vehicles | 24 | €4,736 | €3,340 | -€1,396 | -29.5% |
| Current assets | 29/58 | €190,816 | €65,980 | -€124,836 | -65.4% |
| Amounts receivable within one year | 40/41 | €82,830 | €30,250 | -€52,580 | -63.5% |
| Trade receivables | 40 | €7 | €30,250 | +€30,243 | +412,025% |
| Other amounts receivable | 41 | €82,823 | €0 | -€82,823 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €104,562 | €34,003 | -€70,560 | -67.5% |
| Deferred charges and accrued income | 490/1 | €3,424 | €1,728 | -€1,696 | -49.5% |
| Total equity and liabilities | 10/49 | €195,552 | €69,320 | -€126,232 | -64.6% |
| Equity | 10/15 | €178,565 | €27,265 | -€151,300 | -84.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €173,565 | €22,265 | -€151,300 | -87.2% |
| Distributable reserves | 133 | €173,565 | €22,265 | -€151,300 | -87.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €16,986 | €42,055 | +€25,069 | +148% |
| Amounts payable within one year | 42/48 | €16,986 | €42,055 | +€25,069 | +148% |
| Financial debts | 43 | - | €7,784 | +€7,784 | |
| Credit institutions | 430/8 | - | €7,784 | +€7,784 | |
| Trade debts | 44 | €1,308 | €1,545 | +€237 | +18.1% |
| Suppliers | 440/4 | €1,308 | €1,545 | +€237 | +18.1% |
| Taxes, remuneration and social security | 45 | €15,678 | €18,693 | +€3,015 | +19.2% |
| Taxes | 450/3 | €15,678 | €18,693 | +€3,015 | +19.2% |
| Other amounts payable | 47/48 | €0 | €14,032 | +€14,032 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,632 | €2,639 | +€7 | +0.3% |
| Other operating charges | 640/8 | €962 | €1,061 | +€99 | +10.3% |
| Gross operating margin | 9900 | €100,348 | €108,466 | +€8,118 | +8.1% |
| Operating profit (loss) | 9901 | €96,754 | €104,767 | +€8,013 | +8.3% |
| Financial income | 75/76B | €2,060 | €82 | -€1,978 | -96.0% |
| Recurring financial income | 75 | €2,060 | €82 | -€1,978 | -96.0% |
| Financial charges | 65/66B | €5,120 | €4,323 | -€797 | -15.6% |
| Recurring financial charges | 65 | €5,120 | €4,323 | -€797 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €93,694 | €100,525 | +€6,832 | +7.3% |
| Income taxes | 67/77 | €20,194 | €21,825 | +€1,631 | +8.1% |
| Profit (loss) for the period | 9904 | €73,500 | €78,700 | +€5,200 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,500 | €78,700 | +€5,200 | +7.1% |
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 13 October 2026 via checked.be.