WIVANO: what changed
Two fiscal 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
WIVANO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€225,300
2024 · €690,549-€465,250
Equity
€7.0m
2024 · €6.8m+€225,300
Cash
€26,023
2024 · €66,374-€40,351
Balance sheet total
€7.5m
2024 · €7.4m+€35,109
Largest movements
Assets
- Tangible fixed assets +€335,091
up €335,091 (+19.3%), from €1.7m to €2.1m
of which Land and buildings: +€335,728
- Current investments -€217,894
down €217,894 (-5.9%), from €3.7m to €3.5m
Equity and liabilities
- Reserves +€225,300
up €225,300 (+13.9%), from €1.6m to €1.8m
of which Distributable reserves: +€227,101
- Debts after one year -€142,546
down €142,546 (-33.4%), from €427,021 to €284,476
Income statement
- Financial income -€389,992
down €389,992 (-53.5%), from €728,687 to €338,695
- Financial charges +€90,351
up €90,351, from -€70,593 to €19,758
- Taxes -€46,525
down €46,525 (-67.2%), from €69,235 to €22,710
- Depreciation +€24,524
up €24,524 (+56.2%), from €43,607 to €68,131
- Gross operating margin -€5,769
down €5,769 (-42.3%), from €13,650 to €7,881
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.
Result 2024
€690,549
Gross operating margin
-€5,769
Depreciation
-€24,524
Other operating charges
-€1,033
Other operating items
-€106
Financial income
-€389,992
Financial charges
-€90,351
Taxes
+€46,525
Result 2025
€225,300
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.
From operations
+€285,626
Investment
-€185,328
Financing
-€140,648
Cash 2024
€66,374
From operations (derived)
+€285,626
Net result for the year
+€225,300
Depreciation
+€68,131
Receivables within one year
+€47,977
Deferred charges and accrued income
-€6,239
Smaller working-capital items
-€451
Trade debts
-€2,566
Tax, wage and social debts
-€46,525
Investment (derived)
-€185,328
Investment in fixed assets (net)
-€403,221
Current investments
+€217,894
Financing
-€140,648
Debts after one year
-€142,546
Current portion of long-term debt
+€1,898
Cash 2025
€26,023
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,425,803 | €7,460,911 | +€35,109 | +0.5% |
| Fixed assets | 21/28 | €3,358,029 | €3,693,119 | +€335,091 | +10.0% |
| Tangible fixed assets | 22/27 | €1,740,394 | €2,075,485 | +€335,091 | +19.3% |
| Land and buildings | 22 | €1,739,386 | €2,075,114 | +€335,728 | +19.3% |
| Plant, machinery and equipment | 23 | €635 | €371 | -€264 | -41.6% |
| Furniture and vehicles | 24 | €373 | €0 | -€373 | -100.0% |
| Financial fixed assets | 28 | €1,617,634 | €1,617,634 | = | 0.0% |
| Current assets | 29/58 | €4,067,774 | €3,767,792 | -€299,982 | -7.4% |
| Amounts receivable within one year | 40/41 | €304,614 | €256,637 | -€47,977 | -15.8% |
| Other amounts receivable | 41 | €304,614 | €256,637 | -€47,977 | -15.8% |
| Current investments | 50/53 | €3,693,406 | €3,475,512 | -€217,894 | -5.9% |
| Cash at bank and in hand | 54/58 | €66,374 | €26,023 | -€40,351 | -60.8% |
| Deferred charges and accrued income | 490/1 | €3,380 | €9,619 | +€6,239 | +184.6% |
| Total equity and liabilities | 10/49 | €7,425,803 | €7,460,911 | +€35,109 | +0.5% |
| Equity | 10/15 | €6,756,211 | €6,981,510 | +€225,300 | +3.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €1,621,737 | €1,847,036 | +€225,300 | +13.9% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,849 | €65,047 | -€1,802 | -2.7% |
| Distributable reserves | 133 | €1,547,888 | €1,774,989 | +€227,101 | +14.7% |
| Profit (loss) carried forward | 14 | €5,064,474 | €5,064,474 | = | 0.0% |
| Provisions and deferred taxes | 16 | €22,283 | €21,682 | -€601 | -2.7% |
| Deferred taxes | 168 | €22,283 | €21,682 | -€601 | -2.7% |
| Amounts payable | 17/49 | €647,309 | €457,719 | -€189,590 | -29.3% |
| Amounts payable after more than one year | 17 | €427,021 | €284,476 | -€142,546 | -33.4% |
| Financial debts | 170/4 | €427,021 | €284,476 | -€142,546 | -33.4% |
| Amounts payable within one year | 42/48 | €218,441 | €172,159 | -€46,282 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €140,648 | €142,546 | +€1,898 | +1.3% |
| Trade debts | 44 | €4,991 | €2,425 | -€2,566 | -51.4% |
| Suppliers | 440/4 | €4,991 | €2,425 | -€2,566 | -51.4% |
| Taxes, remuneration and social security | 45 | €69,235 | €22,710 | -€46,525 | -67.2% |
| Taxes | 450/3 | €69,235 | €22,710 | -€46,525 | -67.2% |
| Other amounts payable | 47/48 | €3,566 | €4,478 | +€912 | +25.6% |
| Accrued charges and deferred income | 492/3 | €1,846 | €1,084 | -€763 | -41.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,607 | €68,131 | +€24,524 | +56.2% |
| Other operating charges | 640/8 | €10,139 | €11,173 | +€1,033 | +10.2% |
| Non-recurring operating charges | 66A | - | €106 | +€106 | |
| Gross operating margin | 9900 | €13,650 | €7,881 | -€5,769 | -42.3% |
| Operating profit (loss) | 9901 | -€40,096 | -€71,529 | -€31,432 | -78.4% |
| Financial income | 75/76B | €728,687 | €338,695 | -€389,992 | -53.5% |
| Recurring financial income | 75 | €728,687 | €338,695 | -€389,992 | -53.5% |
| Financial charges | 65/66B | -€70,593 | €19,758 | +€90,351 | |
| Recurring financial charges | 65 | -€70,593 | €19,758 | +€90,351 | |
| Profit (loss) for the period before taxes | 9903 | €759,184 | €247,409 | -€511,775 | -67.4% |
| Transfer from deferred taxes | 780 | €601 | €601 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €69,235 | €22,710 | -€46,525 | -67.2% |
| Profit (loss) for the period | 9904 | €690,549 | €225,300 | -€465,250 | -67.4% |
| Transfer from tax-exempt reserves | 789 | €1,802 | €1,802 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €692,351 | €227,101 | -€465,250 | -67.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.