BART WINCKERS: 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.
BART WINCKERS
Largest movements
- Cash +€30,668
up €30,668 (+31.8%), from €96,514 to €127,183
mainly Net result for the year (+€27,671) and Receivables within one year (+€18,017)
- Receivables within one year -€18,017
down €18,017 (-74.9%), from €24,069 to €6,052
of which Trade receivables: -€16,739
- Current investments +€7,740
up €7,740 (+7.6%), from €102,108 to €109,848
- Deferred charges and accrued income -€6,134
down €6,134 (-79.0%), from €7,768 to €1,634
- Trade debts +€16,206
up €16,206 (+1013.1%), from €1,600 to €17,805
- Accrued charges and deferred income -€9,496
down €9,496 (-87.7%), from €10,829 to €1,333
- Tax, wage and social debts +€5,874
up €5,874 (+141.7%), from €4,146 to €10,020
- Gross operating margin +€32,788
up €32,788 (+248.9%), from €13,171 to €45,958
- Taxes +€10,338
up €10,338 (+1168.2%), from €885 to €11,223
- Financial income +€5,049
up €5,049 (+291.9%), from €1,730 to €6,779
- Depreciation +€512
up €512 (+4.8%), from €10,641 to €11,153
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 | €261,273 | €273,689 | +€12,416 | +4.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €30,815 | €28,972 | -€1,842 | -6.0% |
| Intangible fixed assets | 21 | €2,000 | €1,000 | -€1,000 | -50.0% |
| Tangible fixed assets | 22/27 | €28,815 | €27,972 | -€842 | -2.9% |
| Land and buildings | 22 | €13,439 | €12,000 | -€1,439 | -10.7% |
| Plant, machinery and equipment | 23 | €8,506 | €10,198 | +€1,693 | +19.9% |
| Furniture and vehicles | 24 | €6,870 | €5,774 | -€1,096 | -15.9% |
| Current assets | 29/58 | €230,459 | €244,717 | +€14,258 | +6.2% |
| Amounts receivable within one year | 40/41 | €24,069 | €6,052 | -€18,017 | -74.9% |
| Trade receivables | 40 | €21,054 | €4,315 | -€16,739 | -79.5% |
| Other amounts receivable | 41 | €3,015 | €1,737 | -€1,278 | -42.4% |
| Current investments | 50/53 | €102,108 | €109,848 | +€7,740 | +7.6% |
| Cash at bank and in hand | 54/58 | €96,514 | €127,183 | +€30,668 | +31.8% |
| Deferred charges and accrued income | 490/1 | €7,768 | €1,634 | -€6,134 | -79.0% |
| Total equity and liabilities | 10/49 | €261,273 | €273,689 | +€12,416 | +4.8% |
| Equity | 10/15 | €244,698 | €244,531 | -€167 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,098 | €225,931 | -€167 | -0.1% |
| Distributable reserves | 133 | €226,098 | €225,931 | -€167 | -0.1% |
| Amounts payable | 17/49 | €16,575 | €29,158 | +€12,583 | +75.9% |
| Amounts payable within one year | 42/48 | €5,746 | €27,825 | +€22,079 | +384.2% |
| Trade debts | 44 | €1,600 | €17,805 | +€16,206 | +1013.1% |
| Suppliers | 440/4 | €1,600 | €17,805 | +€16,206 | +1013.1% |
| Taxes, remuneration and social security | 45 | €4,146 | €10,020 | +€5,874 | +141.7% |
| Taxes | 450/3 | €4,146 | €10,020 | +€5,874 | +141.7% |
| Accrued charges and deferred income | 492/3 | €10,829 | €1,333 | -€9,496 | -87.7% |
| Remuneration, social security and pensions | 62 | €180 | €180 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,641 | €11,153 | +€512 | +4.8% |
| Other operating charges | 640/8 | €1,584 | €1,797 | +€213 | +13.5% |
| Gross operating margin | 9900 | €13,171 | €45,958 | +€32,788 | +248.9% |
| Operating profit (loss) | 9901 | €766 | €32,829 | +€32,062 | +4184.6% |
| Financial income | 75/76B | €1,730 | €6,779 | +€5,049 | +291.9% |
| Recurring financial income | 75 | €1,730 | €6,779 | +€5,049 | +291.9% |
| Financial charges | 65/66B | €508 | €713 | +€205 | +40.4% |
| Recurring financial charges | 65 | €508 | €713 | +€205 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €1,988 | €38,894 | +€36,906 | +1856.5% |
| Income taxes | 67/77 | €885 | €11,223 | +€10,338 | +1168.2% |
| Profit (loss) for the period | 9904 | €1,103 | €27,671 | +€26,568 | +2408.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,103 | €27,671 | +€26,568 | +2408.8% |
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 9 October 2026 via checked.be.