DE WIND: 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.
DE WIND
Largest movements
- Cash +€76,135
up €76,135 (+99.1%), from €76,825 to €152,960
mainly Current investments (+€50,000) and Depreciation (+€40,289)
- Tangible fixed assets +€50,336
up €50,336 (+29.3%), from €171,583 to €221,919
of which Leasing and similar rights: +€66,950
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Receivables within one year +€5,471
up €5,471 (+31.7%), from €17,251 to €22,722
of which Other amounts receivable: +€3,595
- Reserves +€30,904
up €30,904 (+16.1%), from €191,838 to €222,742
- Trade debts +€29,913
up €29,913 (+401.0%), from €7,459 to €37,372
- Debts after one year +€24,318
up €24,318 (+42.6%), from €57,051 to €81,368
of which Financial debts: +€27,934
- Current portion of long-term debt +€11,162
up €11,162 (+77.0%), from €14,492 to €25,654
- Other debts -€6,650
down €6,650 (-100.0%), from €6,650 to €0
- Gross operating margin +€8,447
up €8,447 (+3.7%), from €225,483 to €233,929
- Staff costs +€7,946
up €7,946 (+5.8%), from €135,872 to €143,818
- Depreciation +€2,844
up €2,844 (+7.6%), from €37,445 to €40,289
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 | €339,114 | €424,082 | +€84,968 | +25.1% |
| Fixed assets | 21/28 | €175,708 | €225,925 | +€50,217 | +28.6% |
| Intangible fixed assets | 21 | €4,125 | €4,006 | -€119 | -2.9% |
| Tangible fixed assets | 22/27 | €171,583 | €221,919 | +€50,336 | +29.3% |
| Land and buildings | 22 | €62,940 | €72,040 | +€9,100 | +14.5% |
| Plant, machinery and equipment | 23 | €107,654 | €82,632 | -€25,022 | -23.2% |
| Furniture and vehicles | 24 | €989 | €297 | -€692 | -70.0% |
| Leasing and similar rights | 25 | - | €66,950 | +€66,950 | |
| Current assets | 29/58 | €163,406 | €198,157 | +€34,751 | +21.3% |
| Stocks and contracts in progress | 3 | €7,564 | €7,812 | +€248 | +3.3% |
| Stocks | 30/36 | €7,564 | €7,812 | +€248 | +3.3% |
| Amounts receivable within one year | 40/41 | €17,251 | €22,722 | +€5,471 | +31.7% |
| Trade receivables | 40 | €15,053 | €16,929 | +€1,876 | +12.5% |
| Other amounts receivable | 41 | €2,198 | €5,793 | +€3,595 | +163.6% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €76,825 | €152,960 | +€76,135 | +99.1% |
| Deferred charges and accrued income | 490/1 | €11,766 | €14,663 | +€2,898 | +24.6% |
| Total equity and liabilities | 10/49 | €339,114 | €424,082 | +€84,968 | +25.1% |
| Equity | 10/15 | €210,438 | €241,342 | +€30,904 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,838 | €222,742 | +€30,904 | +16.1% |
| Distributable reserves | 133 | €191,838 | €222,742 | +€30,904 | +16.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €128,677 | €182,740 | +€54,064 | +42.0% |
| Amounts payable after more than one year | 17 | €57,051 | €81,368 | +€24,318 | +42.6% |
| Financial debts | 170/4 | €25,770 | €53,704 | +€27,934 | +108.4% |
| Other amounts payable | 178/9 | €31,281 | €27,664 | -€3,616 | -11.6% |
| Amounts payable within one year | 42/48 | €70,493 | €99,664 | +€29,171 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €14,492 | €25,654 | +€11,162 | +77.0% |
| Trade debts | 44 | €7,459 | €37,372 | +€29,913 | +401.0% |
| Suppliers | 440/4 | €7,459 | €37,372 | +€29,913 | +401.0% |
| Taxes, remuneration and social security | 45 | €41,893 | €36,638 | -€5,254 | -12.5% |
| Taxes | 450/3 | €15,710 | €8,057 | -€7,654 | -48.7% |
| Remuneration and social security | 454/9 | €26,182 | €28,582 | +€2,400 | +9.2% |
| Other amounts payable | 47/48 | €6,650 | €0 | -€6,650 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,133 | €1,708 | +€575 | +50.7% |
| Remuneration, social security and pensions | 62 | €135,872 | €143,818 | +€7,946 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,445 | €40,289 | +€2,844 | +7.6% |
| Other operating charges | 640/8 | €1,112 | €1,143 | +€31 | +2.8% |
| Non-recurring operating charges | 66A | €4,622 | €0 | -€4,622 | -100.0% |
| Gross operating margin | 9900 | €225,483 | €233,929 | +€8,447 | +3.7% |
| Operating profit (loss) | 9901 | €46,432 | €48,680 | +€2,248 | +4.8% |
| Financial income | 75/76B | €552 | €605 | +€53 | +9.6% |
| Recurring financial income | 75 | €552 | €605 | +€53 | +9.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,463 | €3,794 | +€1,331 | +54.0% |
| Recurring financial charges | 65 | €2,463 | €3,794 | +€1,331 | +54.0% |
| Profit (loss) for the period before taxes | 9903 | €44,520 | €45,490 | +€970 | +2.2% |
| Income taxes | 67/77 | €15,968 | €14,586 | -€1,381 | -8.6% |
| Profit (loss) for the period | 9904 | €28,553 | €30,904 | +€2,351 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,553 | €30,904 | +€2,351 | +8.2% |
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 6 October 2026 via checked.be.