BW WIN: 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.
BW WIN
Largest movements
- Cash +€9,138
up €9,138 (+320%), from €2,858 to €11,996
mainly Depreciation (+€6,878) and Receivables within one year (+€5,411)
- Tangible fixed assets -€6,878
down €6,878 (-34.7%), from €19,837 to €12,959
of which Furniture and vehicles: -€6,533
- Receivables within one year -€5,411
down €5,411 (-93.5%), from €5,788 to €377
of which Other amounts receivable: -€4,049
- Tax, wage and social debts -€3,832
down €3,832 (-84.2%), from €4,553 to €721
of which Taxes: -€3,582
- Profit (loss) carried forward +€2,050
up €2,050 (+12.5%), from €16,463 to €18,513
- Other debts -€1,179
down €1,179 (-35.1%), from €3,358 to €2,179
- Gross operating margin -€11,698
down €11,698 (-50.9%), from €22,961 to €11,263
- Depreciation +€6,079
up €6,079 (+761%), from €799 to €6,878
- Taxes -€3,582
down €3,582 (-83.2%), from €4,303 to €721
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 | €29,611 | €26,667 | -€2,945 | -9.9% |
| Fixed assets | 21/28 | €19,837 | €12,959 | -€6,878 | -34.7% |
| Tangible fixed assets | 22/27 | €19,837 | €12,959 | -€6,878 | -34.7% |
| Plant, machinery and equipment | 23 | €967 | €621 | -€345 | -35.7% |
| Furniture and vehicles | 24 | €18,871 | €12,338 | -€6,533 | -34.6% |
| Current assets | 29/58 | €9,774 | €13,707 | +€3,933 | +40.2% |
| Amounts receivable within one year | 40/41 | €5,788 | €377 | -€5,411 | -93.5% |
| Trade receivables | 40 | €1,362 | - | -€1,362 | |
| Other amounts receivable | 41 | €4,426 | €377 | -€4,049 | -91.5% |
| Cash at bank and in hand | 54/58 | €2,858 | €11,996 | +€9,138 | +320% |
| Deferred charges and accrued income | 490/1 | €1,128 | €1,334 | +€206 | +18.2% |
| Total equity and liabilities | 10/49 | €29,611 | €26,667 | -€2,945 | -9.9% |
| Equity | 10/15 | €21,463 | €23,513 | +€2,050 | +9.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,463 | €18,513 | +€2,050 | +12.5% |
| Amounts payable | 17/49 | €8,149 | €3,153 | -€4,995 | -61.3% |
| Amounts payable within one year | 42/48 | €8,039 | €3,027 | -€5,011 | -62.3% |
| Trade debts | 44 | €128 | €128 | = | 0.0% |
| Suppliers | 440/4 | €128 | €128 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,553 | €721 | -€3,832 | -84.2% |
| Taxes | 450/3 | €4,303 | €721 | -€3,582 | -83.2% |
| Remuneration and social security | 454/9 | €250 | - | -€250 | |
| Other amounts payable | 47/48 | €3,358 | €2,179 | -€1,179 | -35.1% |
| Accrued charges and deferred income | 492/3 | €110 | €126 | +€16 | +14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €799 | €6,878 | +€6,079 | +761% |
| Other operating charges | 640/8 | €409 | €527 | +€119 | +29.0% |
| Gross operating margin | 9900 | €22,961 | €11,263 | -€11,698 | -50.9% |
| Operating profit (loss) | 9901 | €21,753 | €3,857 | -€17,896 | -82.3% |
| Financial charges | 65/66B | €154 | €253 | +€99 | +64.6% |
| Recurring financial charges | 65 | €154 | €253 | +€99 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €21,599 | €3,604 | -€17,995 | -83.3% |
| Income taxes | 67/77 | €4,303 | €721 | -€3,582 | -83.2% |
| Profit (loss) for the period | 9904 | €17,296 | €2,883 | -€14,413 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,296 | €2,883 | -€14,413 | -83.3% |
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 14 October 2026 via checked.be.