ASSURANCES WINAND: 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.
ASSURANCES WINAND
Largest movements
- Tangible fixed assets +€512,696
up €512,696 (+56.3%), from €911,249 to €1.4m
of which Land and buildings: +€445,465
- Receivables within one year -€88,208
down €88,208 (-83.5%), from €105,675 to €17,467
of which Other amounts receivable: -€53,208
- Cash +€15,856
up €15,856 (+28.7%), from €55,164 to €71,020
mainly Debts after one year (+€394,408) and Receivables within one year (+€88,208)
- Debts after one year +€394,408
up €394,408 (+44.2%), from €891,822 to €1.3m
- Depreciation -€29,225
down €29,225 (-35.6%), from €82,017 to €52,791
- Gross operating margin -€19,074
down €19,074 (-14.0%), from €136,222 to €117,148
- Financial charges +€11,398
up €11,398 (+45.6%), from €25,014 to €36,411
of which Financial charges: +€11,239
- Other operating charges -€7,894
down €7,894 (-49.4%), from €15,980 to €8,086
- Staff costs -€5,381
down €5,381 (-55.1%), from €9,762 to €4,381
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 | €1,135,612 | €1,565,262 | +€429,650 | +37.8% |
| Fixed assets | 21/28 | €961,971 | €1,474,667 | +€512,696 | +53.3% |
| Tangible fixed assets | 22/27 | €911,249 | €1,423,945 | +€512,696 | +56.3% |
| Land and buildings | 22 | €880,062 | €1,325,528 | +€445,465 | +50.6% |
| Furniture and vehicles | 24 | €31,186 | €25,637 | -€5,549 | -17.8% |
| Assets under construction and advance payments | 27 | - | €72,780 | +€72,780 | |
| Financial fixed assets | 28 | €50,723 | €50,723 | = | 0.0% |
| Current assets | 29/58 | €173,641 | €90,595 | -€83,046 | -47.8% |
| Amounts receivable within one year | 40/41 | €105,675 | €17,467 | -€88,208 | -83.5% |
| Trade receivables | 40 | €35,000 | - | -€35,000 | |
| Other amounts receivable | 41 | €70,675 | €17,467 | -€53,208 | -75.3% |
| Cash at bank and in hand | 54/58 | €55,164 | €71,020 | +€15,856 | +28.7% |
| Deferred charges and accrued income | 490/1 | €12,802 | €2,108 | -€10,694 | -83.5% |
| Total equity and liabilities | 10/49 | €1,135,612 | €1,565,262 | +€429,650 | +37.8% |
| Equity | 10/15 | €162,294 | €171,468 | +€9,174 | +5.7% |
| Reserves | 13 | €162,294 | €171,468 | +€9,174 | +5.7% |
| Distributable reserves | 133 | €162,294 | €171,468 | +€9,174 | +5.7% |
| Amounts payable | 17/49 | €973,318 | €1,393,794 | +€420,475 | +43.2% |
| Amounts payable after more than one year | 17 | €891,822 | €1,286,229 | +€394,408 | +44.2% |
| Financial debts | 170/4 | €891,822 | €1,286,229 | +€394,408 | +44.2% |
| Amounts payable within one year | 42/48 | €81,497 | €107,564 | +€26,068 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €68,735 | €81,663 | +€12,928 | +18.8% |
| Trade debts | 44 | €3,803 | €6,062 | +€2,259 | +59.4% |
| Suppliers | 440/4 | €3,803 | €6,062 | +€2,259 | +59.4% |
| Taxes, remuneration and social security | 45 | €7,149 | €18,030 | +€10,881 | +152% |
| Taxes | 450/3 | €6,383 | €18,030 | +€11,647 | +182% |
| Remuneration and social security | 454/9 | €766 | - | -€766 | |
| Other amounts payable | 47/48 | €1,810 | €1,810 | = | 0.0% |
| Non-recurring operating income | 76A | €2,460 | - | -€2,460 | |
| Remuneration, social security and pensions | 62 | €9,762 | €4,381 | -€5,381 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,017 | €52,791 | -€29,225 | -35.6% |
| Other operating charges | 640/8 | €15,980 | €8,086 | -€7,894 | -49.4% |
| Gross operating margin | 9900 | €136,222 | €117,148 | -€19,074 | -14.0% |
| Operating profit (loss) | 9901 | €28,463 | €51,889 | +€23,427 | +82.3% |
| Financial income | 75/76B | €6,779 | €2,454 | -€4,325 | -63.8% |
| Recurring financial income | 75 | €6,779 | €2,454 | -€4,325 | -63.8% |
| Financial charges | 65/66B | €25,014 | €36,411 | +€11,398 | +45.6% |
| Recurring financial charges | 65 | €24,803 | €36,043 | +€11,239 | +45.3% |
| Non-recurring financial charges | 66B | €210 | €368 | +€158 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €10,228 | €17,932 | +€7,704 | +75.3% |
| Income taxes | 67/77 | €8,529 | €8,758 | +€230 | +2.7% |
| Profit (loss) for the period | 9904 | €1,700 | €9,174 | +€7,474 | +440% |
| Profit (loss) for the period to be appropriated | 9905 | €1,700 | €9,174 | +€7,474 | +440% |
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 26 October 2026 via checked.be.