ANDRE WINANDY COMMUNICATION: 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.
ANDRE WINANDY COMMUNICATION
Largest movements
- Cash +€93,126
up €93,126 (+11.5%), from €807,128 to €900,254
mainly Net result for the year (+€111,393) and Trade debts (+€49,428)
- Reserves +€55,373
up €55,373 (+10.7%), from €519,543 to €574,916
- Trade debts +€49,428
up €49,428 (+153.3%), from €32,234 to €81,662
- Other debts -€20,850
down €20,850 (-41.8%), from €49,914 to €29,063
- Financial income +€8,657
up €8,657 (+194.6%), from €4,449 to €13,106
- Taxes +€3,775
up €3,775 (+7.7%), from €48,991 to €52,767
- Gross operating margin +€3,099
up €3,099 (+2.0%), from €158,524 to €161,623
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 | €1,069,185 | €1,153,308 | +€84,123 | +7.9% |
| Fixed assets | 21/28 | €214,561 | €212,820 | -€1,741 | -0.8% |
| Tangible fixed assets | 22/27 | €214,561 | €212,820 | -€1,741 | -0.8% |
| Land and buildings | 22 | €53,400 | €53,400 | = | 0.0% |
| Plant, machinery and equipment | 23 | €575 | - | -€575 | |
| Furniture and vehicles | 24 | €2,611 | €1,445 | -€1,166 | -44.6% |
| Other tangible fixed assets | 26 | €157,975 | €157,975 | = | 0.0% |
| Current assets | 29/58 | €854,624 | €940,487 | +€85,863 | +10.0% |
| Stocks and contracts in progress | 3 | €41,511 | €40,123 | -€1,388 | -3.3% |
| Stocks | 30/36 | €41,511 | €40,123 | -€1,388 | -3.3% |
| Cash at bank and in hand | 54/58 | €807,128 | €900,254 | +€93,126 | +11.5% |
| Deferred charges and accrued income | 490/1 | €5,985 | €110 | -€5,875 | -98.2% |
| Total equity and liabilities | 10/49 | €1,069,185 | €1,153,308 | +€84,123 | +7.9% |
| Equity | 10/15 | €963,417 | €1,018,790 | +€55,373 | +5.7% |
| Contributions | 10/11 | €34,603 | €34,603 | = | 0.0% |
| Reserves | 13 | €519,543 | €574,916 | +€55,373 | +10.7% |
| Distributable reserves | 133 | €519,543 | €574,916 | +€55,373 | +10.7% |
| Profit (loss) carried forward | 14 | €409,271 | €409,271 | = | 0.0% |
| Amounts payable | 17/49 | €105,768 | €134,518 | +€28,750 | +27.2% |
| Amounts payable within one year | 42/48 | €101,831 | €132,050 | +€30,219 | +29.7% |
| Trade debts | 44 | €32,234 | €81,662 | +€49,428 | +153.3% |
| Suppliers | 440/4 | €32,234 | €81,662 | +€49,428 | +153.3% |
| Taxes, remuneration and social security | 45 | €19,684 | €21,325 | +€1,641 | +8.3% |
| Taxes | 450/3 | €19,684 | €21,325 | +€1,641 | +8.3% |
| Other amounts payable | 47/48 | €49,914 | €29,063 | -€20,850 | -41.8% |
| Accrued charges and deferred income | 492/3 | €3,937 | €2,468 | -€1,469 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,894 | €1,741 | -€154 | -8.1% |
| Other operating charges | 640/8 | €4,465 | €4,600 | +€135 | +3.0% |
| Gross operating margin | 9900 | €158,524 | €161,623 | +€3,099 | +2.0% |
| Operating profit (loss) | 9901 | €152,165 | €155,282 | +€3,117 | +2.0% |
| Financial income | 75/76B | €4,449 | €13,106 | +€8,657 | +194.6% |
| Recurring financial income | 75 | €4,449 | €13,106 | +€8,657 | +194.6% |
| Financial charges | 65/66B | €4,472 | €4,228 | -€243 | -5.4% |
| Recurring financial charges | 65 | €4,472 | €4,228 | -€243 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €152,142 | €164,159 | +€12,017 | +7.9% |
| Income taxes | 67/77 | €48,991 | €52,767 | +€3,775 | +7.7% |
| Profit (loss) for the period | 9904 | €103,151 | €111,393 | +€8,242 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,151 | €111,393 | +€8,242 | +8.0% |
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 1 October 2026 via checked.be.