WIFAC: 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.
WIFAC
Largest movements
- Cash -€101,657
down €101,657 (-15.4%), from €660,389 to €558,733
mainly Contributions, distributions and other (-€292,000) and Tax, wage and social debts (-€111,148)
- Receivables within one year +€96,972
up €96,972 (+18.6%), from €521,148 to €618,120
- Stocks and contracts -€24,246
down €24,246 (-67.5%), from €35,897 to €11,652
- Other debts +€192,000
new in 2025: €192,000
- Tax, wage and social debts -€111,148
down €111,148 (-25.8%), from €431,094 to €319,946
of which Taxes: -€109,237
- Profit (loss) carried forward -€57,811
down €57,811 (-99.1%), from €58,335 to €524
- Trade debts -€54,425
down €54,425 (-14.4%), from €377,733 to €323,308
- Gross operating margin -€529,062
down €529,062 (-27.5%), from €1.9m to €1.4m
- Taxes -€213,310
down €213,310 (-74.3%), from €287,178 to €73,868
- Staff costs +€128,564
up €128,564 (+13.5%), from €949,112 to €1.1m
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 | €1,264,688 | €1,242,381 | -€22,306 | -1.8% |
| Fixed assets | 21/28 | €22,586 | €24,902 | +€2,316 | +10.3% |
| Tangible fixed assets | 22/27 | €22,586 | €24,902 | +€2,316 | +10.3% |
| Land and buildings | 22 | €20,675 | €20,675 | = | 0.0% |
| Furniture and vehicles | 24 | €1,911 | €4,227 | +€2,316 | +121% |
| Current assets | 29/58 | €1,242,101 | €1,217,479 | -€24,622 | -2.0% |
| Stocks and contracts in progress | 3 | €35,897 | €11,652 | -€24,246 | -67.5% |
| Stocks | 30/36 | €35,897 | €11,652 | -€24,246 | -67.5% |
| Amounts receivable within one year | 40/41 | €521,148 | €618,120 | +€96,972 | +18.6% |
| Trade receivables | 40 | €521,148 | €618,120 | +€96,972 | +18.6% |
| Cash at bank and in hand | 54/58 | €660,389 | €558,733 | -€101,657 | -15.4% |
| Deferred charges and accrued income | 490/1 | €24,667 | €28,975 | +€4,308 | +17.5% |
| Total equity and liabilities | 10/49 | €1,264,688 | €1,242,381 | -€22,306 | -1.8% |
| Equity | 10/15 | €443,335 | €385,524 | -€57,811 | -13.0% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,335 | €524 | -€57,811 | -99.1% |
| Amounts payable | 17/49 | €821,353 | €856,857 | +€35,504 | +4.3% |
| Amounts payable within one year | 42/48 | €808,827 | €835,254 | +€26,428 | +3.3% |
| Trade debts | 44 | €377,733 | €323,308 | -€54,425 | -14.4% |
| Suppliers | 440/4 | €377,733 | €323,308 | -€54,425 | -14.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €431,094 | €319,946 | -€111,148 | -25.8% |
| Taxes | 450/3 | €199,950 | €90,713 | -€109,237 | -54.6% |
| Remuneration and social security | 454/9 | €231,144 | €229,234 | -€1,911 | -0.8% |
| Other amounts payable | 47/48 | - | €192,000 | +€192,000 | |
| Accrued charges and deferred income | 492/3 | €12,526 | €21,602 | +€9,077 | +72.5% |
| Remuneration, social security and pensions | 62 | €949,112 | €1,077,676 | +€128,564 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,676 | €4,827 | +€3,151 | +188% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €3,536 | €3,439 | -€97 | -2.7% |
| Non-recurring operating charges | 66A | - | €135 | +€135 | |
| Gross operating margin | 9900 | €1,926,882 | €1,397,820 | -€529,062 | -27.5% |
| Operating profit (loss) | 9901 | €972,558 | €311,742 | -€660,816 | -67.9% |
| Financial income | 75/76B | €3,078 | €2,127 | -€951 | -30.9% |
| Recurring financial income | 75 | €1,391 | €2,127 | +€736 | +52.9% |
| Non-recurring financial income | 76B | €1,686 | €0 | -€1,686 | -100% |
| Financial charges | 65/66B | €6,030 | €5,812 | -€218 | -3.6% |
| Recurring financial charges | 65 | €6,030 | €5,812 | -€218 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €969,606 | €308,057 | -€661,549 | -68.2% |
| Income taxes | 67/77 | €287,178 | €73,868 | -€213,310 | -74.3% |
| Profit (loss) for the period | 9904 | €682,428 | €234,189 | -€448,238 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €682,428 | €234,189 | -€448,238 | -65.7% |
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 16 October 2026 via checked.be.