WIZCO: 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.
WIZCO
Largest movements
- Receivables after one year +€1.7m
up €1.7m (+216.2%), from €789,959 to €2.5m
- Cash -€889,748
down €889,748 (-86.5%), from €1.0m to €139,031
mainly Receivables after one year (-€1.7m) and Other debts (-€678,029)
- Financial fixed assets -€817,095
down €817,095 (-6.1%), from €13.3m to €12.5m
- Current investments -€485,953
down €485,953 (-99.8%), from €486,763 to €810
- Other debts -€678,029
down €678,029 (-99.9%), from €678,610 to €581
- Reserves +€484,724
up €484,724 (+4.1%), from €11.8m to €12.3m
of which Distributable reserves: +€484,724
- Debts after one year -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Financial charges -€1.0m
down €1.0m (-99.7%), from €1.0m to €2,898
of which Non-recurring financial charges: -€1.0m
- Financial income -€697,255
down €697,255 (-67.7%), from €1.0m to €332,070
of which Financial income: -€705,207
- Gross operating margin +€94,341
up €94,341 (+24.8%), from €380,348 to €474,689
- Staff costs +€33,619
up €33,619 (+16.0%), from €209,906 to €243,525
- Taxes +€32,154
up €32,154 (+110.4%), from €29,137 to €61,291
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 | €16,119,735 | €15,623,297 | -€496,437 | -3.1% |
| Fixed assets | 21/28 | €13,388,525 | €12,542,170 | -€846,355 | -6.3% |
| Tangible fixed assets | 22/27 | €67,252 | €37,993 | -€29,260 | -43.5% |
| Furniture and vehicles | 24 | €64,074 | €35,626 | -€28,448 | -44.4% |
| Other tangible fixed assets | 26 | €3,178 | €2,367 | -€811 | -25.5% |
| Financial fixed assets | 28 | €13,321,272 | €12,504,177 | -€817,095 | -6.1% |
| Current assets | 29/58 | €2,731,210 | €3,081,127 | +€349,917 | +12.8% |
| Amounts receivable after more than one year | 29 | €789,959 | €2,498,089 | +€1.7m | +216.2% |
| Other amounts receivable | 291 | €789,959 | €2,498,089 | +€1.7m | +216.2% |
| Amounts receivable within one year | 40/41 | €423,559 | €443,198 | +€19,639 | +4.6% |
| Trade receivables | 40 | €363,217 | €392,236 | +€29,020 | +8.0% |
| Other amounts receivable | 41 | €60,343 | €50,961 | -€9,381 | -15.5% |
| Current investments | 50/53 | €486,763 | €810 | -€485,953 | -99.8% |
| Cash at bank and in hand | 54/58 | €1,028,778 | €139,031 | -€889,748 | -86.5% |
| Deferred charges and accrued income | 490/1 | €2,150 | €0 | -€2,150 | -100.0% |
| Total equity and liabilities | 10/49 | €16,119,735 | €15,623,297 | -€496,437 | -3.1% |
| Equity | 10/15 | €14,946,670 | €15,431,394 | +€484,724 | +3.2% |
| Contributions | 10/11 | €3,170,009 | €3,170,009 | = | 0.0% |
| Capital | 10 | €3,170,009 | €3,170,009 | = | 0.0% |
| Issued capital | 100 | €3,170,009 | €3,170,009 | = | 0.0% |
| Reserves | 13 | €11,776,662 | €12,261,385 | +€484,724 | +4.1% |
| Non-distributable reserves | 130/1 | €517,001 | €517,001 | = | 0.0% |
| Legal reserve | 130 | €517,001 | €517,001 | = | 0.0% |
| Tax-exempt reserves | 132 | €25 | €25 | = | 0.0% |
| Distributable reserves | 133 | €11,259,636 | €11,744,360 | +€484,724 | +4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,173,064 | €191,904 | -€981,161 | -83.6% |
| Amounts payable after more than one year | 17 | €300,000 | €0 | -€300,000 | -100.0% |
| Other amounts payable | 178/9 | €300,000 | €0 | -€300,000 | -100.0% |
| Amounts payable within one year | 42/48 | €828,050 | €191,904 | -€636,147 | -76.8% |
| Trade debts | 44 | €13,072 | €103,496 | +€90,424 | +691.7% |
| Suppliers | 440/4 | €13,072 | €103,496 | +€90,424 | +691.7% |
| Taxes, remuneration and social security | 45 | €136,369 | €87,827 | -€48,542 | -35.6% |
| Taxes | 450/3 | €95,117 | €64,786 | -€30,331 | -31.9% |
| Remuneration and social security | 454/9 | €41,252 | €23,040 | -€18,211 | -44.1% |
| Other amounts payable | 47/48 | €678,610 | €581 | -€678,029 | -99.9% |
| Accrued charges and deferred income | 492/3 | €45,014 | €0 | -€45,014 | -100.0% |
| Non-recurring operating income | 76A | €12,750 | €0 | -€12,750 | -100.0% |
| Remuneration, social security and pensions | 62 | €209,906 | €243,525 | +€33,619 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,514 | €11,869 | -€11,645 | -49.5% |
| Other operating charges | 640/8 | €2,722 | €2,062 | -€660 | -24.2% |
| Non-recurring operating charges | 66A | - | €391 | +€391 | |
| Gross operating margin | 9900 | €380,348 | €474,689 | +€94,341 | +24.8% |
| Operating profit (loss) | 9901 | €144,206 | €216,842 | +€72,636 | +50.4% |
| Financial income | 75/76B | €1,029,324 | €332,070 | -€697,255 | -67.7% |
| Recurring financial income | 75 | €1,029,324 | €324,117 | -€705,207 | -68.5% |
| Non-recurring financial income | 76B | - | €7,952 | +€7,952 | |
| Financial charges | 65/66B | €1,022,909 | €2,898 | -€1.0m | -99.7% |
| Recurring financial charges | 65 | €22,909 | €2,898 | -€20,012 | -87.4% |
| Non-recurring financial charges | 66B | €1,000,000 | €0 | -€1.0m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €150,621 | €546,014 | +€395,393 | +262.5% |
| Income taxes | 67/77 | €29,137 | €61,291 | +€32,154 | +110.4% |
| Profit (loss) for the period | 9904 | €121,484 | €484,724 | +€363,240 | +299.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,484 | €484,724 | +€363,240 | +299.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.