WistMA: 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.
WistMA
Largest movements
- Tangible fixed assets +€250,688
up €250,688 (+61.7%), from €406,542 to €657,230
of which Land and buildings: +€255,169
- Cash -€40,977
down €40,977 (-41.8%), from €98,082 to €57,104
mainly Investment in fixed assets (net) (-€307,729) and Trade debts (-€4,969)
- Debts after one year +€118,507
up €118,507 (+46.4%), from €255,493 to €374,000
- Reserves +€86,003
up €86,003 (+25.7%), from €335,206 to €421,209
- Current portion of long-term debt +€17,509
up €17,509 (+43.8%), from €39,985 to €57,494
- Depreciation +€39,854
up €39,854 (+232%), from €17,187 to €57,041
- Financial income +€19,281
up €19,281 (+48.8%), from €39,519 to €58,800
- Taxes -€10,153
down €10,153 (-48.5%), from €20,915 to €10,762
- Financial charges +€3,607
up €3,607 (+14.2%), from €25,365 to €28,972
- Gross operating margin +€3,559
up €3,559 (+2.9%), from €123,213 to €126,773
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 | €843,479 | €1,056,795 | +€213,316 | +25.3% |
| Fixed assets | 21/28 | €739,092 | €989,780 | +€250,688 | +33.9% |
| Tangible fixed assets | 22/27 | €406,542 | €657,230 | +€250,688 | +61.7% |
| Land and buildings | 22 | €398,600 | €653,769 | +€255,169 | +64.0% |
| Furniture and vehicles | 24 | €1,716 | €1,676 | -€40 | -2.3% |
| Leasing and similar rights | 25 | €6,226 | €1,785 | -€4,441 | -71.3% |
| Financial fixed assets | 28 | €332,550 | €332,550 | = | 0.0% |
| Current assets | 29/58 | €104,387 | €67,015 | -€37,372 | -35.8% |
| Amounts receivable within one year | 40/41 | €4,181 | €6,996 | +€2,815 | +67.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,181 | €6,996 | +€2,815 | +67.3% |
| Cash at bank and in hand | 54/58 | €98,082 | €57,104 | -€40,977 | -41.8% |
| Deferred charges and accrued income | 490/1 | €2,125 | €2,915 | +€790 | +37.2% |
| Total equity and liabilities | 10/49 | €843,479 | €1,056,795 | +€213,316 | +25.3% |
| Equity | 10/15 | €336,206 | €422,209 | +€86,003 | +25.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €335,206 | €421,209 | +€86,003 | +25.7% |
| Distributable reserves | 133 | €335,206 | €421,209 | +€86,003 | +25.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €507,273 | €634,586 | +€127,313 | +25.1% |
| Amounts payable after more than one year | 17 | €255,493 | €374,000 | +€118,507 | +46.4% |
| Financial debts | 170/4 | €255,493 | €374,000 | +€118,507 | +46.4% |
| Amounts payable within one year | 42/48 | €237,443 | €246,583 | +€9,140 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €39,985 | €57,494 | +€17,509 | +43.8% |
| Trade debts | 44 | €5,320 | €351 | -€4,969 | -93.4% |
| Suppliers | 440/4 | €5,320 | €351 | -€4,969 | -93.4% |
| Taxes, remuneration and social security | 45 | €8,800 | €8,532 | -€268 | -3.0% |
| Taxes | 450/3 | €7,800 | €7,532 | -€268 | -3.4% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €183,338 | €180,206 | -€3,133 | -1.7% |
| Accrued charges and deferred income | 492/3 | €14,337 | €14,003 | -€333 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,187 | €57,041 | +€39,854 | +232% |
| Other operating charges | 640/8 | €2,316 | €2,796 | +€479 | +20.7% |
| Gross operating margin | 9900 | €123,213 | €126,773 | +€3,559 | +2.9% |
| Operating profit (loss) | 9901 | €103,710 | €66,937 | -€36,774 | -35.5% |
| Financial income | 75/76B | €39,519 | €58,800 | +€19,281 | +48.8% |
| Recurring financial income | 75 | €39,519 | €58,800 | +€19,281 | +48.8% |
| Financial charges | 65/66B | €25,365 | €28,972 | +€3,607 | +14.2% |
| Recurring financial charges | 65 | €25,365 | €28,972 | +€3,607 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €117,864 | €96,765 | -€21,099 | -17.9% |
| Income taxes | 67/77 | €20,915 | €10,762 | -€10,153 | -48.5% |
| Profit (loss) for the period | 9904 | €96,949 | €86,003 | -€10,946 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,949 | €86,003 | -€10,946 | -11.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.