WIVABE SERVICES: 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.
WIVABE SERVICES
Largest movements
- Cash +€106,218
up €106,218 (+28.7%), from €369,871 to €476,089
mainly Net result for the year (+€323,351) and Depreciation (+€105,411)
- Tangible fixed assets -€91,414
down €91,414 (-6.4%), from €1.4m to €1.3m
of which Land and buildings: -€90,823
- Receivables within one year +€23,155
up €23,155 (+271%), from €8,554 to €31,709
of which Other amounts receivable: +€31,709
- Reserves +€323,351
up €323,351 (+30.9%), from €1.0m to €1.4m
of which Distributable reserves: +€164,178
- Other debts -€270,320
down €270,320 (-83.7%), from €323,131 to €52,811
- Debts after one year -€25,690
down €25,690 (-26.7%), from €96,160 to €70,470
- Trade debts +€18,541
up €18,541 (+96.7%), from €19,166 to €37,707
- Gross operating margin +€94,678
up €94,678 (+18.5%), from €513,058 to €607,736
- Write-downs -€41,619
no longer reported in 2024 (was €41,619)
- Taxes +€27,390
up €27,390 (+28.2%), from €97,115 to €124,505
- Financial charges -€19,954
down €19,954 (-81.3%), from €24,554 to €4,600
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,806,256 | €1,848,973 | +€42,717 | +2.4% |
| Fixed assets | 21/28 | €1,427,461 | €1,336,046 | -€91,414 | -6.4% |
| Tangible fixed assets | 22/27 | €1,427,461 | €1,336,046 | -€91,414 | -6.4% |
| Land and buildings | 22 | €1,426,066 | €1,335,244 | -€90,823 | -6.4% |
| Furniture and vehicles | 24 | €1,394 | €803 | -€592 | -42.4% |
| Current assets | 29/58 | €378,795 | €512,927 | +€134,131 | +35.4% |
| Amounts receivable within one year | 40/41 | €8,554 | €31,709 | +€23,155 | +271% |
| Trade receivables | 40 | €8,554 | - | -€8,554 | |
| Other amounts receivable | 41 | - | €31,709 | +€31,709 | |
| Cash at bank and in hand | 54/58 | €369,871 | €476,089 | +€106,218 | +28.7% |
| Deferred charges and accrued income | 490/1 | €370 | €5,128 | +€4,758 | +1,286% |
| Total equity and liabilities | 10/49 | €1,806,256 | €1,848,973 | +€42,717 | +2.4% |
| Equity | 10/15 | €1,192,703 | €1,516,053 | +€323,351 | +27.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,046,557 | €1,369,908 | +€323,351 | +30.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | - | €161,033 | +€161,033 | |
| Distributable reserves | 133 | €1,044,697 | €1,208,875 | +€164,178 | +15.7% |
| Profit (loss) carried forward | 14 | €127,546 | €127,546 | = | 0.0% |
| Amounts payable | 17/49 | €613,553 | €332,919 | -€280,634 | -45.7% |
| Amounts payable after more than one year | 17 | €96,160 | €70,470 | -€25,690 | -26.7% |
| Financial debts | 170/4 | €96,160 | €70,470 | -€25,690 | -26.7% |
| Amounts payable within one year | 42/48 | €517,393 | €262,449 | -€254,944 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €25,298 | €27,939 | +€2,641 | +10.4% |
| Trade debts | 44 | €19,166 | €37,707 | +€18,541 | +96.7% |
| Suppliers | 440/4 | €19,166 | €37,707 | +€18,541 | +96.7% |
| Taxes, remuneration and social security | 45 | €149,798 | €143,992 | -€5,806 | -3.9% |
| Taxes | 450/3 | €140,091 | €134,133 | -€5,958 | -4.3% |
| Remuneration and social security | 454/9 | €9,707 | €9,859 | +€152 | +1.6% |
| Other amounts payable | 47/48 | €323,131 | €52,811 | -€270,320 | -83.7% |
| Remuneration, social security and pensions | 62 | €42,401 | €43,127 | +€725 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,470 | €105,411 | -€4,060 | -3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €41,619 | - | -€41,619 | |
| Other operating charges | 640/8 | €8,973 | €9,189 | +€217 | +2.4% |
| Gross operating margin | 9900 | €513,058 | €607,736 | +€94,678 | +18.5% |
| Operating profit (loss) | 9901 | €310,595 | €450,009 | +€139,414 | +44.9% |
| Financial income | 75/76B | €185 | €2,447 | +€2,263 | +1,225% |
| Recurring financial income | 75 | €185 | €2,447 | +€2,263 | +1,225% |
| Financial charges | 65/66B | €24,554 | €4,600 | -€19,954 | -81.3% |
| Recurring financial charges | 65 | €24,554 | €4,600 | -€19,954 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €286,226 | €447,856 | +€161,631 | +56.5% |
| Income taxes | 67/77 | €97,115 | €124,505 | +€27,390 | +28.2% |
| Profit (loss) for the period | 9904 | €189,111 | €323,351 | +€134,240 | +71.0% |
| Transfer to tax-exempt reserves | 689 | - | €161,033 | +€161,033 | |
| Profit (loss) for the period to be appropriated | 9905 | €189,111 | €162,318 | -€26,792 | -14.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.