WISL: 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.
WISL
Largest movements
- Receivables within one year -€69,112
down €69,112 (-79.0%), from €87,441 to €18,328
of which Trade receivables: -€69,850
- Cash -€45,567
down €45,567 (-69.4%), from €65,651 to €20,084
mainly Trade debts (-€75,762) and Other debts (-€52,481)
- Tangible fixed assets +€25,073
up €25,073 (+4.7%), from €532,787 to €557,860
of which Furniture and vehicles: +€39,527
- Deferred charges and accrued income -€24,232
down €24,232 (-92.3%), from €26,264 to €2,032
- Trade debts -€75,762
down €75,762 (-94.4%), from €80,258 to €4,496
- Other debts -€52,481
down €52,481 (-33.1%), from €158,356 to €105,874
- Profit (loss) carried forward +€17,242
up €17,242 (+15.2%), from -€113,787 to -€96,545
- Tax, wage and social debts -€7,609
down €7,609 (-54.8%), from €13,887 to €6,278
of which Remuneration and social security: -€4,283
- Gross operating margin -€38,348
down €38,348 (-35.5%), from €107,986 to €69,637
- Staff costs -€6,048
down €6,048 (-20.9%), from €28,938 to €22,890
- Financial charges -€4,662
down €4,662 (-28.5%), from €16,354 to €11,692
- Financial income -€1,781
down €1,781 (-81.4%), from €2,187 to €406
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 | €715,124 | €600,554 | -€114,571 | -16.0% |
| Fixed assets | 21/28 | €535,769 | €560,110 | +€24,341 | +4.5% |
| Intangible fixed assets | 21 | €732 | €0 | -€732 | -100.0% |
| Tangible fixed assets | 22/27 | €532,787 | €557,860 | +€25,073 | +4.7% |
| Land and buildings | 22 | €530,307 | €516,053 | -€14,254 | -2.7% |
| Plant, machinery and equipment | 23 | €530 | €330 | -€200 | -37.7% |
| Furniture and vehicles | 24 | €1,950 | €41,477 | +€39,527 | +2026.8% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €179,355 | €40,444 | -€138,912 | -77.5% |
| Amounts receivable within one year | 40/41 | €87,441 | €18,328 | -€69,112 | -79.0% |
| Trade receivables | 40 | €87,287 | €17,436 | -€69,850 | -80.0% |
| Other amounts receivable | 41 | €154 | €892 | +€738 | +479.3% |
| Cash at bank and in hand | 54/58 | €65,651 | €20,084 | -€45,567 | -69.4% |
| Deferred charges and accrued income | 490/1 | €26,264 | €2,032 | -€24,232 | -92.3% |
| Total equity and liabilities | 10/49 | €715,124 | €600,554 | -€114,571 | -16.0% |
| Equity | 10/15 | €108,213 | €123,455 | +€15,242 | +14.1% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €0 | -€2,000 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,000 | €0 | -€2,000 | -100.0% |
| Profit (loss) carried forward | 14 | -€113,787 | -€96,545 | +€17,242 | +15.2% |
| Amounts payable | 17/49 | €606,911 | €477,099 | -€129,812 | -21.4% |
| Amounts payable after more than one year | 17 | €314,999 | €318,489 | +€3,490 | +1.1% |
| Financial debts | 170/4 | €314,999 | €318,489 | +€3,490 | +1.1% |
| Amounts payable within one year | 42/48 | €279,167 | €150,234 | -€128,932 | -46.2% |
| Current portion of amounts payable after more than one year | 42 | €26,667 | €33,586 | +€6,919 | +25.9% |
| Trade debts | 44 | €80,258 | €4,496 | -€75,762 | -94.4% |
| Suppliers | 440/4 | €80,258 | €4,496 | -€75,762 | -94.4% |
| Taxes, remuneration and social security | 45 | €13,887 | €6,278 | -€7,609 | -54.8% |
| Taxes | 450/3 | €6,568 | €3,243 | -€3,326 | -50.6% |
| Remuneration and social security | 454/9 | €7,318 | €3,035 | -€4,283 | -58.5% |
| Other amounts payable | 47/48 | €158,356 | €105,874 | -€52,481 | -33.1% |
| Accrued charges and deferred income | 492/3 | €12,746 | €8,376 | -€4,370 | -34.3% |
| Remuneration, social security and pensions | 62 | €28,938 | €22,890 | -€6,048 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,846 | €16,628 | -€218 | -1.3% |
| Other operating charges | 640/8 | €3,398 | €3,371 | -€27 | -0.8% |
| Gross operating margin | 9900 | €107,986 | €69,637 | -€38,348 | -35.5% |
| Operating profit (loss) | 9901 | €58,804 | €26,748 | -€32,056 | -54.5% |
| Financial income | 75/76B | €2,187 | €406 | -€1,781 | -81.4% |
| Recurring financial income | 75 | €2,187 | €406 | -€1,781 | -81.4% |
| Financial charges | 65/66B | €16,354 | €11,692 | -€4,662 | -28.5% |
| Recurring financial charges | 65 | €16,354 | €11,692 | -€4,662 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €44,637 | €15,462 | -€29,175 | -65.4% |
| Income taxes | 67/77 | €219 | €220 | +€1 | +0.6% |
| Profit (loss) for the period | 9904 | €44,418 | €15,242 | -€29,176 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,418 | €15,242 | -€29,176 | -65.7% |
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 9 October 2026 via checked.be.