WIVER: 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.
WIVER
Largest movements
- Receivables after one year -€95,000
down €95,000 (-61.3%), from €155,000 to €60,000
- Cash +€59,020
up €59,020 (+106%), from €55,658 to €114,677
mainly Receivables after one year (+€95,000) and Net result for the year (+€94,262)
- Tangible fixed assets -€19,411
down €19,411 (-11.2%), from €173,875 to €154,464
of which Furniture and vehicles: -€10,616
- Receivables within one year +€18,454
new in 2025: €18,454
- Current investments +€9,663
up €9,663 (+123%), from €7,876 to €17,539
- Contributions -€58,591
down €58,591 (-100.0%), from €58,592 to €1
- Reserves +€40,502
up €40,502 (+17.6%), from €230,395 to €270,896
of which Distributable reserves: +€46,361
- Debts after one year -€14,376
down €14,376 (-32.0%), from €44,865 to €30,488
- Trade debts +€11,946
up €11,946 (+260%), from €4,594 to €16,539
- Current portion of long-term debt -€8,827
down €8,827 (-38.0%), from €23,203 to €14,376
- Gross operating margin +€67,343
up €67,343 (+75.1%), from €89,635 to €156,978
- Taxes +€21,392
up €21,392 (+112%), from €19,110 to €40,501
- Depreciation -€2,477
down €2,477 (-11.3%), from €21,887 to €19,411
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 | €395,013 | €368,905 | -€26,108 | -6.6% |
| Fixed assets | 21/28 | €173,875 | €154,714 | -€19,161 | -11.0% |
| Tangible fixed assets | 22/27 | €173,875 | €154,464 | -€19,411 | -11.2% |
| Land and buildings | 22 | €161,720 | €152,925 | -€8,795 | -5.4% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €12,155 | €1,539 | -€10,616 | -87.3% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €221,138 | €214,191 | -€6,947 | -3.1% |
| Amounts receivable after more than one year | 29 | €155,000 | €60,000 | -€95,000 | -61.3% |
| Other amounts receivable | 291 | €155,000 | €60,000 | -€95,000 | -61.3% |
| Amounts receivable within one year | 40/41 | - | €18,454 | +€18,454 | |
| Trade receivables | 40 | - | €18,454 | +€18,454 | |
| Current investments | 50/53 | €7,876 | €17,539 | +€9,663 | +123% |
| Cash at bank and in hand | 54/58 | €55,658 | €114,677 | +€59,020 | +106% |
| Deferred charges and accrued income | 490/1 | €2,605 | €3,521 | +€917 | +35.2% |
| Total equity and liabilities | 10/49 | €395,013 | €368,905 | -€26,108 | -6.6% |
| Equity | 10/15 | €288,987 | €270,897 | -€18,089 | -6.3% |
| Contributions | 10/11 | €58,592 | €1 | -€58,591 | -100.0% |
| Reserves | 13 | €230,395 | €270,896 | +€40,502 | +17.6% |
| Non-distributable reserves | 130/1 | €5,859 | - | -€5,859 | |
| Reserves not available under the articles | 1311 | €5,859 | - | -€5,859 | |
| Distributable reserves | 133 | €224,535 | €270,896 | +€46,361 | +20.6% |
| Amounts payable | 17/49 | €106,026 | €98,008 | -€8,018 | -7.6% |
| Amounts payable after more than one year | 17 | €44,865 | €30,488 | -€14,376 | -32.0% |
| Financial debts | 170/4 | €44,865 | €30,488 | -€14,376 | -32.0% |
| Amounts payable within one year | 42/48 | €61,162 | €67,520 | +€6,358 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €23,203 | €14,376 | -€8,827 | -38.0% |
| Trade debts | 44 | €4,594 | €16,539 | +€11,946 | +260% |
| Suppliers | 440/4 | €4,594 | €16,539 | +€11,946 | +260% |
| Taxes, remuneration and social security | 45 | €33,365 | €36,604 | +€3,239 | +9.7% |
| Taxes | 450/3 | €33,365 | €36,604 | +€3,239 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,887 | €19,411 | -€2,477 | -11.3% |
| Other operating charges | 640/8 | €375 | €518 | +€143 | +38.1% |
| Gross operating margin | 9900 | €89,635 | €156,978 | +€67,343 | +75.1% |
| Operating profit (loss) | 9901 | €67,373 | €137,050 | +€69,677 | +103% |
| Financial income | 75/76B | - | €63 | +€63 | |
| Recurring financial income | 75 | - | €63 | +€63 | |
| Financial charges | 65/66B | €3,304 | €2,349 | -€954 | -28.9% |
| Recurring financial charges | 65 | €3,304 | €2,349 | -€954 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €64,069 | €134,763 | +€70,694 | +110% |
| Income taxes | 67/77 | €19,110 | €40,501 | +€21,392 | +112% |
| Profit (loss) for the period | 9904 | €44,959 | €94,262 | +€49,303 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €44,959 | €94,262 | +€49,303 | +110% |
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 18 October 2026 via checked.be.