WIVINA: 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.
WIVINA
Largest movements
- Receivables within one year -€554,495
down €554,495 (-87.4%), from €634,401 to €79,906
of which Trade receivables: -€554,561
- Profit (loss) carried forward -€764,645
down €764,645 (-11.8%), from -€6.5m to -€7.2m
- Debts within one year +€735,156
up €735,156 (+11.2%), from €6.6m to €7.3m
- Provisions -€498,000
no longer reported in 2025 (was €498,000)
- Accrued charges and deferred income -€46,746
down €46,746 (-67.6%), from €69,150 to €22,405
- Turnover -€629,871
down €629,871 (-45.3%), from €1.4m to €759,801
- Write-downs -€584,790
down €584,790, from €39,826 to -€544,964
- Staff costs -€554,021
down €554,021 (-61.3%), from €903,428 to €349,407
- Other operating charges +€534,611
up €534,611 (+2,741%), from €19,504 to €554,115
- Gross operating margin -€427,384
down €427,384 (-98.5%), from €433,945 to €6,561
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 | €654,241 | €80,005 | -€574,235 | -87.8% |
| Fixed assets | 21/28 | €6,610 | - | -€6,610 | |
| Tangible fixed assets | 22/27 | €5,910 | - | -€5,910 | |
| Plant, machinery and equipment | 23 | €538 | - | -€538 | |
| Furniture and vehicles | 24 | €5,372 | - | -€5,372 | |
| Financial fixed assets | 28 | €700 | - | -€700 | |
| Current assets | 29/58 | €647,631 | €80,005 | -€567,625 | -87.6% |
| Stocks and contracts in progress | 3 | €6,132 | - | -€6,132 | |
| Stocks | 30/36 | €6,132 | - | -€6,132 | |
| Amounts receivable within one year | 40/41 | €634,401 | €79,906 | -€554,495 | -87.4% |
| Trade receivables | 40 | €634,401 | €79,840 | -€554,561 | -87.4% |
| Other amounts receivable | 41 | - | €66 | +€66 | |
| Cash at bank and in hand | 54/58 | €2,441 | €4 | -€2,437 | -99.8% |
| Deferred charges and accrued income | 490/1 | €4,657 | €95 | -€4,562 | -98.0% |
| Total equity and liabilities | 10/49 | €654,241 | €80,005 | -€574,235 | -87.8% |
| Equity | 10/15 | -€6,485,196 | -€7,249,842 | -€764,645 | -11.8% |
| Profit (loss) carried forward | 14 | -€6,485,196 | -€7,249,842 | -€764,645 | -11.8% |
| Provisions and deferred taxes | 16 | €498,000 | - | -€498,000 | |
| Provisions for liabilities and charges | 160/5 | €498,000 | - | -€498,000 | |
| Environmental obligations | 163 | €498,000 | - | -€498,000 | |
| Amounts payable | 17/49 | €6,641,437 | €7,329,847 | +€688,410 | +10.4% |
| Amounts payable within one year | 42/48 | €6,572,287 | €7,307,443 | +€735,156 | +11.2% |
| Trade debts | 44 | €701,808 | €28,061 | -€673,747 | -96.0% |
| Suppliers | 440/4 | €701,808 | €28,061 | -€673,747 | -96.0% |
| Taxes, remuneration and social security | 45 | €75,139 | €27,075 | -€48,063 | -64.0% |
| Taxes | 450/3 | €12,613 | €154 | -€12,458 | -98.8% |
| Remuneration and social security | 454/9 | €62,526 | €26,921 | -€35,605 | -56.9% |
| Accrued charges and deferred income | 492/3 | €69,150 | €22,405 | -€46,746 | -67.6% |
| Turnover | 70 | €1,389,671 | €759,801 | -€629,871 | -45.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €974,770 | €797,989 | -€176,781 | -18.1% |
| Remuneration, social security and pensions | 62 | €903,428 | €349,407 | -€554,021 | -61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,601 | - | -€32,601 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,826 | -€544,964 | -€584,790 | |
| Other operating charges | 640/8 | €19,504 | €554,115 | +€534,611 | +2,741% |
| Non-recurring operating charges | 66A | €576,978 | -€232,575 | -€809,553 | |
| Gross operating margin | 9900 | €433,945 | €6,561 | -€427,384 | -98.5% |
| Operating profit (loss) | 9901 | -€942,505 | -€119,422 | +€823,084 | +87.3% |
| Financial income | 75/76B | €0 | €1,441 | +€1,441 | +900,400% |
| Recurring financial income | 75 | €0 | €28 | +€28 | +17,275% |
| Non-recurring financial income | 76B | - | €1,413 | +€1,413 | |
| Financial charges | 65/66B | €525,642 | €646,283 | +€120,641 | +23.0% |
| Recurring financial charges | 65 | €525,642 | €646,283 | +€120,641 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,468,147 | -€764,264 | +€703,884 | +47.9% |
| Income taxes | 67/77 | - | €382 | +€382 | |
| Profit (loss) for the period | 9904 | -€1,468,147 | -€764,645 | +€703,502 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,468,147 | -€764,645 | +€703,502 | +47.9% |
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 1 November 2026 via checked.be.