2WIN: 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.
2WIN
Largest movements
- Receivables after one year +€40,000
up €40,000, from €0 to €40,000
- Current investments -€30,000
down €30,000 (-26.3%), from €114,000 to €84,000
- Tangible fixed assets -€18,954
down €18,954 (-44.7%), from €42,440 to €23,485
of which Land and buildings: -€16,790
- Receivables within one year -€10,585
down €10,585 (-35.4%), from €29,875 to €19,290
of which Other amounts receivable: -€7,038
- Cash +€10,508
up €10,508 (+23.6%), from €44,534 to €55,042
mainly Current investments (+€30,000) and Depreciation (+€18,954)
- Debts after one year -€17,325
down €17,325 (-53.7%), from €32,277 to €14,953
- Tax, wage and social debts +€5,316
up €5,316 (+69.6%), from €7,641 to €12,957
of which Remuneration and social security: +€3,496
- Reserves +€3,844
up €3,844 (+2.7%), from €139,965 to €143,808
- Gross operating margin +€18,917
up €18,917 (+584.0%), from €3,239 to €22,156
- Financial income +€1,629
up €1,629 (+31.5%), from €5,171 to €6,800
- Other operating charges +€1,621
up €1,621 (+72.4%), from €2,238 to €3,859
- Depreciation -€830
down €830 (-4.2%), from €19,784 to €18,954
- Financial charges -€621
down €621 (-25.8%), from €2,404 to €1,783
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 | €230,849 | €221,818 | -€9,031 | -3.9% |
| Fixed assets | 21/28 | €42,440 | €23,485 | -€18,954 | -44.7% |
| Tangible fixed assets | 22/27 | €42,440 | €23,485 | -€18,954 | -44.7% |
| Land and buildings | 22 | €39,025 | €22,235 | -€16,790 | -43.0% |
| Plant, machinery and equipment | 23 | €1,834 | €1,250 | -€583 | -31.8% |
| Furniture and vehicles | 24 | €1,581 | €0 | -€1,581 | -100.0% |
| Current assets | 29/58 | €188,409 | €198,332 | +€9,923 | +5.3% |
| Amounts receivable after more than one year | 29 | €0 | €40,000 | +€40,000 | |
| Other amounts receivable | 291 | €0 | €40,000 | +€40,000 | |
| Amounts receivable within one year | 40/41 | €29,875 | €19,290 | -€10,585 | -35.4% |
| Trade receivables | 40 | €20,564 | €17,016 | -€3,547 | -17.3% |
| Other amounts receivable | 41 | €9,312 | €2,273 | -€7,038 | -75.6% |
| Current investments | 50/53 | €114,000 | €84,000 | -€30,000 | -26.3% |
| Cash at bank and in hand | 54/58 | €44,534 | €55,042 | +€10,508 | +23.6% |
| Total equity and liabilities | 10/49 | €230,849 | €221,818 | -€9,031 | -3.9% |
| Equity | 10/15 | €168,347 | €172,191 | +€3,844 | +2.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €139,965 | €143,808 | +€3,844 | +2.7% |
| Distributable reserves | 133 | €139,965 | €143,808 | +€3,844 | +2.7% |
| Profit (loss) carried forward | 14 | €15,983 | €15,983 | = | 0.0% |
| Amounts payable | 17/49 | €62,502 | €49,627 | -€12,875 | -20.6% |
| Amounts payable after more than one year | 17 | €32,277 | €14,953 | -€17,325 | -53.7% |
| Financial debts | 170/4 | €32,277 | €14,953 | -€17,325 | -53.7% |
| Amounts payable within one year | 42/48 | €30,224 | €34,674 | +€4,450 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €16,675 | €17,325 | +€650 | +3.9% |
| Trade debts | 44 | €5,909 | €4,392 | -€1,517 | -25.7% |
| Suppliers | 440/4 | €5,909 | €4,392 | -€1,517 | -25.7% |
| Taxes, remuneration and social security | 45 | €7,641 | €12,957 | +€5,316 | +69.6% |
| Taxes | 450/3 | €4,602 | €6,422 | +€1,820 | +39.6% |
| Remuneration and social security | 454/9 | €3,039 | €6,535 | +€3,496 | +115.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,784 | €18,954 | -€830 | -4.2% |
| Other operating charges | 640/8 | €2,238 | €3,859 | +€1,621 | +72.4% |
| Gross operating margin | 9900 | €3,239 | €22,156 | +€18,917 | +584.0% |
| Operating profit (loss) | 9901 | -€18,783 | -€657 | +€18,126 | +96.5% |
| Financial income | 75/76B | €5,171 | €6,800 | +€1,629 | +31.5% |
| Recurring financial income | 75 | €5,171 | €6,800 | +€1,629 | +31.5% |
| Financial charges | 65/66B | €2,404 | €1,783 | -€621 | -25.8% |
| Recurring financial charges | 65 | €2,404 | €1,783 | -€621 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,016 | €4,360 | +€20,376 | |
| Income taxes | 67/77 | -€22 | €516 | +€538 | |
| Profit (loss) for the period | 9904 | -€15,994 | €3,844 | +€19,837 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,994 | €3,844 | +€19,837 |
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 7 October 2026 via checked.be.