DE WINKEL: 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 WINKEL
Largest movements
- Receivables within one year +€65,466
up €65,466 (+8.6%), from €765,122 to €830,588
of which Other amounts receivable: +€66,375
- Cash +€13,868
up €13,868 (+2,314%), from €599 to €14,467
mainly Net result for the year (+€103,601) and Tax, wage and social debts (+€865)
- Reserves +€103,601
up €103,601 (+10.9%), from €950,007 to €1.1m
of which Distributable reserves: +€103,601
- Trade debts -€25,091
down €25,091 (-76.7%), from €32,700 to €7,608
- Gross operating margin -€9,962
down €9,962 (-7.4%), from €135,279 to €125,318
- Financial income +€3,836
up €3,836 (+15.6%), from €24,539 to €28,375
- Taxes -€1,709
down €1,709 (-4.7%), from €36,353 to €34,644
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 | €1,049,880 | €1,129,214 | +€79,333 | +7.6% |
| Fixed assets | 21/28 | €284,159 | €284,159 | = | 0.0% |
| Tangible fixed assets | 22/27 | €284,159 | €284,159 | = | 0.0% |
| Land and buildings | 22 | €284,159 | €284,159 | = | 0.0% |
| Current assets | 29/58 | €765,721 | €845,054 | +€79,333 | +10.4% |
| Amounts receivable within one year | 40/41 | €765,122 | €830,588 | +€65,466 | +8.6% |
| Trade receivables | 40 | €1,420 | €511 | -€909 | -64.0% |
| Other amounts receivable | 41 | €763,701 | €830,077 | +€66,375 | +8.7% |
| Cash at bank and in hand | 54/58 | €599 | €14,467 | +€13,868 | +2,314% |
| Total equity and liabilities | 10/49 | €1,049,880 | €1,129,214 | +€79,333 | +7.6% |
| Equity | 10/15 | €1,012,007 | €1,115,608 | +€103,601 | +10.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €950,007 | €1,053,608 | +€103,601 | +10.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €943,807 | €1,047,408 | +€103,601 | +11.0% |
| Amounts payable | 17/49 | €37,873 | €13,606 | -€24,267 | -64.1% |
| Amounts payable within one year | 42/48 | €37,832 | €13,606 | -€24,226 | -64.0% |
| Trade debts | 44 | €32,700 | €7,608 | -€25,091 | -76.7% |
| Suppliers | 440/4 | €32,700 | €7,608 | -€25,091 | -76.7% |
| Taxes, remuneration and social security | 45 | €5,133 | €5,997 | +€865 | +16.8% |
| Taxes | 450/3 | €5,133 | €5,997 | +€865 | +16.8% |
| Accrued charges and deferred income | 492/3 | €41 | €0 | -€41 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €13,766 | €14,779 | +€1,013 | +7.4% |
| Gross operating margin | 9900 | €135,279 | €125,318 | -€9,962 | -7.4% |
| Operating profit (loss) | 9901 | €121,514 | €110,539 | -€10,974 | -9.0% |
| Financial income | 75/76B | €24,539 | €28,375 | +€3,836 | +15.6% |
| Recurring financial income | 75 | €24,539 | €28,375 | +€3,836 | +15.6% |
| Financial charges | 65/66B | €653 | €670 | +€16 | +2.5% |
| Recurring financial charges | 65 | €653 | €670 | +€16 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €145,400 | €138,245 | -€7,155 | -4.9% |
| Income taxes | 67/77 | €36,353 | €34,644 | -€1,709 | -4.7% |
| Profit (loss) for the period | 9904 | €109,046 | €103,601 | -€5,446 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €109,046 | €103,601 | -€5,446 | -5.0% |
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 23 October 2026 via checked.be.