WIVARCO: 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.
WIVARCO
Largest movements
- Current investments +€684,401
up €684,401 (+9,125%), from €7,500 to €691,901
- Cash -€419,517
down €419,517 (-75.3%), from €556,926 to €137,409
mainly Current investments (-€684,401) and Investment in fixed assets (net) (-€77,094)
- Receivables within one year -€206,002
down €206,002 (-39.7%), from €518,687 to €312,685
of which Trade receivables: -€218,372
- Stocks and contracts +€37,083
new in 2026: €37,083
- Reserves +€98,016
up €98,016 (+25.6%), from €382,724 to €480,740
of which Distributable reserves: +€98,016
- Trade debts +€21,285
up €21,285 (+2.4%), from €869,630 to €890,915
- Depreciation +€21,346
up €21,346 (+49.8%), from €42,872 to €64,218
- Financial income -€13,161
down €13,161 (-43.4%), from €30,338 to €17,177
- Gross operating margin +€11,042
up €11,042 (+4.5%), from €246,756 to €257,797
- Taxes -€6,626
down €6,626 (-9.7%), from €68,019 to €61,392
- Financial charges +€4,668
up €4,668 (+21.0%), from €22,216 to €26,884
of which Financial charges: +€6,628
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,646,816 | €1,756,245 | +€109,429 | +6.6% |
| Fixed assets | 21/28 | €558,595 | €571,472 | +€12,876 | +2.3% |
| Tangible fixed assets | 22/27 | €548,172 | €561,048 | +€12,876 | +2.3% |
| Land and buildings | 22 | €495,313 | €516,758 | +€21,445 | +4.3% |
| Plant, machinery and equipment | 23 | €33,231 | €25,578 | -€7,653 | -23.0% |
| Furniture and vehicles | 24 | €19,628 | €18,712 | -€916 | -4.7% |
| Financial fixed assets | 28 | €10,424 | €10,424 | = | 0.0% |
| Current assets | 29/58 | €1,088,221 | €1,184,773 | +€96,552 | +8.9% |
| Stocks and contracts in progress | 3 | - | €37,083 | +€37,083 | |
| Stocks | 30/36 | - | €37,083 | +€37,083 | |
| Amounts receivable within one year | 40/41 | €518,687 | €312,685 | -€206,002 | -39.7% |
| Trade receivables | 40 | €515,041 | €296,669 | -€218,372 | -42.4% |
| Other amounts receivable | 41 | €3,646 | €16,016 | +€12,370 | +339% |
| Current investments | 50/53 | €7,500 | €691,901 | +€684,401 | +9,125% |
| Cash at bank and in hand | 54/58 | €556,926 | €137,409 | -€419,517 | -75.3% |
| Deferred charges and accrued income | 490/1 | €5,108 | €5,696 | +€588 | +11.5% |
| Total equity and liabilities | 10/49 | €1,646,816 | €1,756,245 | +€109,429 | +6.6% |
| Equity | 10/15 | €441,324 | €539,340 | +€98,016 | +22.2% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €382,724 | €480,740 | +€98,016 | +25.6% |
| Tax-exempt reserves | 132 | €18,039 | €18,039 | = | 0.0% |
| Distributable reserves | 133 | €364,685 | €462,701 | +€98,016 | +26.9% |
| Amounts payable | 17/49 | €1,205,492 | €1,216,905 | +€11,413 | +0.9% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 170/4 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,144,837 | €1,147,457 | +€2,621 | +0.2% |
| Trade debts | 44 | €869,630 | €890,915 | +€21,285 | +2.4% |
| Suppliers | 440/4 | €869,630 | €890,915 | +€21,285 | +2.4% |
| Taxes, remuneration and social security | 45 | €10,477 | €5,575 | -€4,902 | -46.8% |
| Taxes | 450/3 | €10,477 | €5,575 | -€4,902 | -46.8% |
| Other amounts payable | 47/48 | €264,729 | €250,967 | -€13,762 | -5.2% |
| Accrued charges and deferred income | 492/3 | €655 | €9,447 | +€8,792 | +1,342% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,872 | €64,218 | +€21,346 | +49.8% |
| Other operating charges | 640/8 | €2,779 | €2,028 | -€751 | -27.0% |
| Gross operating margin | 9900 | €246,756 | €257,797 | +€11,042 | +4.5% |
| Operating profit (loss) | 9901 | €201,105 | €191,551 | -€9,554 | -4.8% |
| Financial income | 75/76B | €30,338 | €17,177 | -€13,161 | -43.4% |
| Recurring financial income | 75 | €30,338 | €17,177 | -€13,161 | -43.4% |
| Financial charges | 65/66B | €22,216 | €26,884 | +€4,668 | +21.0% |
| Recurring financial charges | 65 | €20,256 | €26,884 | +€6,628 | +32.7% |
| Non-recurring financial charges | 66B | €1,961 | - | -€1,961 | |
| Profit (loss) for the period before taxes | 9903 | €209,226 | €181,844 | -€27,383 | -13.1% |
| Income taxes | 67/77 | €68,019 | €61,392 | -€6,626 | -9.7% |
| Profit (loss) for the period | 9904 | €141,208 | €120,452 | -€20,756 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €141,208 | €120,452 | -€20,756 | -14.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.