De Windt - Koeltechnieken: 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.
De Windt - Koeltechnieken
Largest movements
- Tangible fixed assets +€210,800
up €210,800 (+34.7%), from €606,742 to €817,542
of which Land and buildings: +€228,735
- Receivables within one year +€131,670
up €131,670 (+229%), from €57,476 to €189,146
of which Trade receivables: +€97,571
- Cash -€123,907
down €123,907 (-66.6%), from €186,162 to €62,255
mainly Investment in fixed assets (net) (-€267,807) and Receivables within one year (-€131,670)
- Debts after one year +€122,834
up €122,834 (+42.9%), from €286,137 to €408,970
of which Financial debts: +€122,834
- Reserves +€64,513
up €64,513 (+13.5%), from €476,869 to €541,382
of which Distributable reserves: +€64,513
- Trade debts +€43,874
up €43,874 (+2,160%), from €2,031 to €45,905
- Staff costs +€36,462
up €36,462 (+271%), from €13,470 to €49,932
- Gross operating margin -€27,956
down €27,956 (-11.1%), from €250,782 to €222,825
- Taxes -€25,834
down €25,834 (-59.1%), from €43,716 to €17,882
- Depreciation +€19,364
up €19,364 (+51.4%), from €37,668 to €57,032
- Other operating charges +€14,797
up €14,797 (+169%), from €8,756 to €23,553
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 | €859,783 | €1,089,023 | +€229,240 | +26.7% |
| Fixed assets | 21/28 | €606,767 | €817,542 | +€210,775 | +34.7% |
| Tangible fixed assets | 22/27 | €606,742 | €817,542 | +€210,800 | +34.7% |
| Land and buildings | 22 | €537,873 | €766,608 | +€228,735 | +42.5% |
| Plant, machinery and equipment | 23 | €14,083 | €7,570 | -€6,513 | -46.2% |
| Furniture and vehicles | 24 | €54,786 | €43,364 | -€11,422 | -20.8% |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €253,016 | €271,482 | +€18,465 | +7.3% |
| Stocks and contracts in progress | 3 | €5,928 | €14,309 | +€8,380 | +141% |
| Stocks | 30/36 | €5,928 | €14,309 | +€8,380 | +141% |
| Amounts receivable within one year | 40/41 | €57,476 | €189,146 | +€131,670 | +229% |
| Trade receivables | 40 | €40,389 | €137,960 | +€97,571 | +242% |
| Other amounts receivable | 41 | €17,087 | €51,186 | +€34,098 | +200% |
| Cash at bank and in hand | 54/58 | €186,162 | €62,255 | -€123,907 | -66.6% |
| Deferred charges and accrued income | 490/1 | €3,450 | €5,772 | +€2,322 | +67.3% |
| Total equity and liabilities | 10/49 | €859,783 | €1,089,023 | +€229,240 | +26.7% |
| Equity | 10/15 | €495,469 | €559,982 | +€64,513 | +13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €476,869 | €541,382 | +€64,513 | +13.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €475,009 | €539,522 | +€64,513 | +13.6% |
| Amounts payable | 17/49 | €364,315 | €529,041 | +€164,727 | +45.2% |
| Amounts payable after more than one year | 17 | €286,137 | €408,970 | +€122,834 | +42.9% |
| Financial debts | 170/4 | €286,137 | €408,970 | +€122,834 | +42.9% |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €78,178 | €120,071 | +€41,893 | +53.6% |
| Current portion of amounts payable after more than one year | 42 | €40,584 | €32,582 | -€8,002 | -19.7% |
| Trade debts | 44 | €2,031 | €45,905 | +€43,874 | +2,160% |
| Suppliers | 440/4 | €2,031 | €45,905 | +€43,874 | +2,160% |
| Taxes, remuneration and social security | 45 | €31,209 | €35,739 | +€4,530 | +14.5% |
| Taxes | 450/3 | €28,918 | €29,991 | +€1,073 | +3.7% |
| Remuneration and social security | 454/9 | €2,291 | €5,748 | +€3,457 | +151% |
| Other amounts payable | 47/48 | €4,354 | €5,845 | +€1,491 | +34.2% |
| Remuneration, social security and pensions | 62 | €13,470 | €49,932 | +€36,462 | +271% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,668 | €57,032 | +€19,364 | +51.4% |
| Other operating charges | 640/8 | €8,756 | €23,553 | +€14,797 | +169% |
| Gross operating margin | 9900 | €250,782 | €222,825 | -€27,956 | -11.1% |
| Operating profit (loss) | 9901 | €190,887 | €92,308 | -€98,579 | -51.6% |
| Financial charges | 65/66B | €6,279 | €9,913 | +€3,634 | +57.9% |
| Recurring financial charges | 65 | €6,279 | €9,913 | +€3,634 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | €184,608 | €82,395 | -€102,213 | -55.4% |
| Income taxes | 67/77 | €43,716 | €17,882 | -€25,834 | -59.1% |
| Profit (loss) for the period | 9904 | €140,893 | €64,513 | -€76,379 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €140,893 | €64,513 | -€76,379 | -54.2% |
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 30 October 2026 via checked.be.