WYCOTEC: 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.
WYCOTEC
Largest movements
- Receivables within one year -€199,541
down €199,541 (-18.6%), from €1.1m to €874,944
of which Trade receivables: -€231,954
- Cash +€171,873
up €171,873 (+203.0%), from €84,679 to €256,552
mainly Receivables within one year (+€199,541) and Deferred charges and accrued income (+€168,057)
- Deferred charges and accrued income -€168,057
down €168,057 (-93.1%), from €180,596 to €12,539
- Stocks and contracts -€153,358
down €153,358 (-18.9%), from €812,201 to €658,843
of which Stocks: -€92,352
- Trade debts -€311,743
down €311,743 (-37.5%), from €832,226 to €520,483
- Profit (loss) carried forward +€132,449
up €132,449 (+22.5%), from -€589,621 to -€457,172
- Tax, wage and social debts -€117,466
down €117,466 (-60.5%), from €194,304 to €76,838
of which Remuneration and social security: -€104,827
- Current portion of long-term debt -€51,966
down €51,966 (-32.0%), from €162,328 to €110,362
- Staff costs -€445,513
down €445,513 (-23.1%), from €1.9m to €1.5m
- Gross operating margin -€321,265
down €321,265 (-15.6%), from €2.1m to €1.7m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,933,061 | €2,566,821 | -€366,240 | -12.5% |
| Fixed assets | 21/28 | €781,100 | €763,943 | -€17,157 | -2.2% |
| Intangible fixed assets | 21 | €125,738 | €119,608 | -€6,131 | -4.9% |
| Tangible fixed assets | 22/27 | €593,956 | €573,190 | -€20,766 | -3.5% |
| Land and buildings | 22 | €510,949 | €479,769 | -€31,179 | -6.1% |
| Plant, machinery and equipment | 23 | €13,411 | €28,576 | +€15,165 | +113.1% |
| Furniture and vehicles | 24 | €69,597 | €64,845 | -€4,751 | -6.8% |
| Financial fixed assets | 28 | €61,405 | €71,145 | +€9,740 | +15.9% |
| Current assets | 29/58 | €2,151,961 | €1,802,878 | -€349,083 | -16.2% |
| Stocks and contracts in progress | 3 | €812,201 | €658,843 | -€153,358 | -18.9% |
| Stocks | 30/36 | €530,921 | €438,569 | -€92,352 | -17.4% |
| Contracts in progress | 37 | €281,280 | €220,274 | -€61,006 | -21.7% |
| Amounts receivable within one year | 40/41 | €1,074,485 | €874,944 | -€199,541 | -18.6% |
| Trade receivables | 40 | €1,027,647 | €795,692 | -€231,954 | -22.6% |
| Other amounts receivable | 41 | €46,838 | €79,252 | +€32,414 | +69.2% |
| Cash at bank and in hand | 54/58 | €84,679 | €256,552 | +€171,873 | +203.0% |
| Deferred charges and accrued income | 490/1 | €180,596 | €12,539 | -€168,057 | -93.1% |
| Total equity and liabilities | 10/49 | €2,933,061 | €2,566,821 | -€366,240 | -12.5% |
| Equity | 10/15 | €810,320 | €942,769 | +€132,449 | +16.3% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €649,941 | €649,941 | = | 0.0% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €574,941 | €574,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€589,621 | -€457,172 | +€132,449 | +22.5% |
| Amounts payable | 17/49 | €2,122,741 | €1,624,052 | -€498,689 | -23.5% |
| Amounts payable after more than one year | 17 | €622,461 | €604,947 | -€17,514 | -2.8% |
| Financial debts | 170/4 | €622,461 | €604,947 | -€17,514 | -2.8% |
| Amounts payable within one year | 42/48 | €1,500,280 | €1,019,105 | -€481,174 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €162,328 | €110,362 | -€51,966 | -32.0% |
| Trade debts | 44 | €832,226 | €520,483 | -€311,743 | -37.5% |
| Suppliers | 440/4 | €832,226 | €520,483 | -€311,743 | -37.5% |
| Taxes, remuneration and social security | 45 | €194,304 | €76,838 | -€117,466 | -60.5% |
| Taxes | 450/3 | €24,370 | €11,731 | -€12,639 | -51.9% |
| Remuneration and social security | 454/9 | €169,934 | €65,107 | -€104,827 | -61.7% |
| Other amounts payable | 47/48 | €311,422 | €311,422 | = | 0.0% |
| Non-recurring operating income | 76A | - | €33,657 | +€33,657 | |
| Remuneration, social security and pensions | 62 | €1,924,728 | €1,479,216 | -€445,513 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,630 | €65,353 | -€11,276 | -14.7% |
| Other operating charges | 640/8 | €24,972 | €31,631 | +€6,659 | +26.7% |
| Gross operating margin | 9900 | €2,064,222 | €1,742,957 | -€321,265 | -15.6% |
| Operating profit (loss) | 9901 | €37,891 | €166,756 | +€128,865 | +340.1% |
| Financial income | 75/76B | €91 | €680 | +€589 | +647.8% |
| Recurring financial income | 75 | €91 | €680 | +€589 | +647.8% |
| Financial charges | 65/66B | €31,747 | €34,904 | +€3,156 | +9.9% |
| Recurring financial charges | 65 | €31,747 | €34,904 | +€3,156 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €6,235 | €132,533 | +€126,298 | +2025.7% |
| Income taxes | 67/77 | €2,291 | €84 | -€2,207 | -96.4% |
| Profit (loss) for the period | 9904 | €3,944 | €132,449 | +€128,505 | +3258.4% |
| Transfer from tax-exempt reserves | 789 | €534,000 | - | -€534,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €537,944 | €132,449 | -€405,495 | -75.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.