WIVERCO: 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.
WIVERCO
Largest movements
- Tangible fixed assets -€441,930
down €441,930 (-19.2%), from €2.3m to €1.9m
of which Plant, machinery and equipment: -€349,285
- Receivables within one year -€219,683
down €219,683 (-24.1%), from €910,062 to €690,379
of which Trade receivables: -€118,524
- Cash +€197,427
up €197,427 (+61.8%), from €319,587 to €517,013
mainly Depreciation (+€709,306) and Receivables within one year (+€219,683)
- Trade debts -€405,610
down €405,610 (-45.0%), from €900,887 to €495,277
- Debts after one year -€230,549
down €230,549 (-16.8%), from €1.4m to €1.1m
- Reserves +€133,473
up €133,473 (+16.2%), from €822,959 to €956,432
of which Distributable reserves: +€143,713
- Tax, wage and social debts +€40,958
up €40,958 (+76.1%), from €53,812 to €94,769
of which Taxes: +€41,801
- Gross operating margin +€297,659
up €297,659 (+20.9%), from €1.4m to €1.7m
- Staff costs +€152,164
up €152,164 (+28.7%), from €530,714 to €682,878
- Taxes +€50,330
up €50,330 (+107.9%), from €46,643 to €96,973
- Financial charges +€26,371
up €26,371 (+57.1%), from €46,174 to €72,545
- Depreciation +€24,940
up €24,940 (+3.6%), from €684,366 to €709,306
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,660,554 | €3,195,615 | -€464,939 | -12.7% |
| Fixed assets | 21/28 | €2,307,779 | €1,865,849 | -€441,930 | -19.1% |
| Tangible fixed assets | 22/27 | €2,305,414 | €1,863,484 | -€441,930 | -19.2% |
| Land and buildings | 22 | €288,093 | €284,426 | -€3,667 | -1.3% |
| Plant, machinery and equipment | 23 | €1,624,548 | €1,275,263 | -€349,285 | -21.5% |
| Furniture and vehicles | 24 | €389,302 | €300,820 | -€88,482 | -22.7% |
| Other tangible fixed assets | 26 | €3,471 | €2,975 | -€496 | -14.3% |
| Financial fixed assets | 28 | €2,365 | €2,365 | = | 0.0% |
| Current assets | 29/58 | €1,352,775 | €1,329,765 | -€23,010 | -1.7% |
| Stocks and contracts in progress | 3 | €84,446 | €73,953 | -€10,493 | -12.4% |
| Stocks | 30/36 | €29,339 | €27,081 | -€2,259 | -7.7% |
| Contracts in progress | 37 | €55,107 | €46,872 | -€8,234 | -14.9% |
| Amounts receivable within one year | 40/41 | €910,062 | €690,379 | -€219,683 | -24.1% |
| Trade receivables | 40 | €749,745 | €631,221 | -€118,524 | -15.8% |
| Other amounts receivable | 41 | €160,317 | €59,158 | -€101,159 | -63.1% |
| Cash at bank and in hand | 54/58 | €319,587 | €517,013 | +€197,427 | +61.8% |
| Deferred charges and accrued income | 490/1 | €38,680 | €48,421 | +€9,740 | +25.2% |
| Total equity and liabilities | 10/49 | €3,660,554 | €3,195,615 | -€464,939 | -12.7% |
| Equity | 10/15 | €841,559 | €975,032 | +€133,473 | +15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €822,959 | €956,432 | +€133,473 | +16.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €48,894 | €38,654 | -€10,240 | -20.9% |
| Distributable reserves | 133 | €774,065 | €917,778 | +€143,713 | +18.6% |
| Provisions and deferred taxes | 16 | €8,960 | €6,400 | -€2,560 | -28.6% |
| Deferred taxes | 168 | €8,960 | €6,400 | -€2,560 | -28.6% |
| Amounts payable | 17/49 | €2,810,035 | €2,214,183 | -€595,852 | -21.2% |
| Amounts payable after more than one year | 17 | €1,373,823 | €1,143,275 | -€230,549 | -16.8% |
| Financial debts | 170/4 | €1,373,823 | €1,143,275 | -€230,549 | -16.8% |
| Amounts payable within one year | 42/48 | €1,436,211 | €1,058,952 | -€377,259 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €463,218 | €451,643 | -€11,574 | -2.5% |
| Trade debts | 44 | €900,887 | €495,277 | -€405,610 | -45.0% |
| Suppliers | 440/4 | €900,887 | €495,277 | -€405,610 | -45.0% |
| Taxes, remuneration and social security | 45 | €53,812 | €94,769 | +€40,958 | +76.1% |
| Taxes | 450/3 | €1,643 | €43,444 | +€41,801 | +2544.9% |
| Remuneration and social security | 454/9 | €52,169 | €51,326 | -€843 | -1.6% |
| Other amounts payable | 47/48 | €18,296 | €17,263 | -€1,033 | -5.6% |
| Accrued charges and deferred income | 492/3 | - | €11,956 | +€11,956 | |
| Remuneration, social security and pensions | 62 | €530,714 | €682,878 | +€152,164 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €684,366 | €709,306 | +€24,940 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,091 | €0 | -€20,091 | -100.0% |
| Other operating charges | 640/8 | €16,351 | €28,977 | +€12,627 | +77.2% |
| Non-recurring operating charges | 66A | €0 | €250 | +€250 | |
| Gross operating margin | 9900 | €1,424,168 | €1,721,827 | +€297,659 | +20.9% |
| Operating profit (loss) | 9901 | €172,647 | €300,416 | +€127,769 | +74.0% |
| Financial income | 75/76B | €512 | €14 | -€497 | -97.2% |
| Recurring financial income | 75 | €512 | €14 | -€497 | -97.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €46,174 | €72,545 | +€26,371 | +57.1% |
| Recurring financial charges | 65 | €46,174 | €72,545 | +€26,371 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €126,985 | €227,885 | +€100,901 | +79.5% |
| Transfer from deferred taxes | 780 | €77,448 | €2,560 | -€74,888 | -96.7% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €46,643 | €96,973 | +€50,330 | +107.9% |
| Profit (loss) for the period | 9904 | €157,791 | €133,473 | -€24,318 | -15.4% |
| Transfer from tax-exempt reserves | 789 | €28,962 | €10,240 | -€18,722 | -64.6% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €186,753 | €143,713 | -€43,040 | -23.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.