DE WINNE: 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 WINNE
Largest movements
- Cash +€11,631
up €11,631 (+70.6%), from €16,468 to €28,099
mainly Other debts (+€15,252) and Current investments (+€11,263)
- Current investments -€11,263
down €11,263 (-32.0%), from €35,179 to €23,916
- Tangible fixed assets -€9,220
down €9,220 (-37.1%), from €24,856 to €15,636
- Receivables within one year -€5,541
down €5,541 (-37.8%), from €14,673 to €9,132
of which Trade receivables: -€6,888
- Deferred charges and accrued income -€1,531
down €1,531 (-55.0%), from €2,782 to €1,251
- Reserves -€19,553
down €19,553 (-57.4%), from €34,058 to €14,505
- Other debts +€15,252
up €15,252 (+186.0%), from €8,199 to €23,451
- Debts after one year -€9,527
down €9,527 (-66.3%), from €14,371 to €4,844
- Tax, wage and social debts -€2,251
down €2,251 (-43.8%), from €5,137 to €2,886
- Financial income -€4,561
down €4,561 (-91.5%), from €4,982 to €421
- Taxes +€1,395
up €1,395 (+22.5%), from €6,188 to €7,584
- Gross operating margin +€363
up €363 (+1.3%), from €27,979 to €28,343
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 | €93,983 | €78,059 | -€15,924 | -16.9% |
| Fixed assets | 21/28 | €24,881 | €15,661 | -€9,220 | -37.1% |
| Tangible fixed assets | 22/27 | €24,856 | €15,636 | -€9,220 | -37.1% |
| Furniture and vehicles | 24 | €24,856 | €15,636 | -€9,220 | -37.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €69,102 | €62,398 | -€6,704 | -9.7% |
| Amounts receivable within one year | 40/41 | €14,673 | €9,132 | -€5,541 | -37.8% |
| Trade receivables | 40 | €7,566 | €678 | -€6,888 | -91.0% |
| Other amounts receivable | 41 | €7,107 | €8,454 | +€1,347 | +18.9% |
| Current investments | 50/53 | €35,179 | €23,916 | -€11,263 | -32.0% |
| Cash at bank and in hand | 54/58 | €16,468 | €28,099 | +€11,631 | +70.6% |
| Deferred charges and accrued income | 490/1 | €2,782 | €1,251 | -€1,531 | -55.0% |
| Total equity and liabilities | 10/49 | €93,983 | €78,059 | -€15,924 | -16.9% |
| Equity | 10/15 | €54,066 | €34,514 | -€19,553 | -36.2% |
| Contributions | 10/11 | €20,009 | €20,009 | = | 0.0% |
| Reserves | 13 | €34,058 | €14,505 | -€19,553 | -57.4% |
| Distributable reserves | 133 | €34,058 | €14,505 | -€19,553 | -57.4% |
| Amounts payable | 17/49 | €39,917 | €43,545 | +€3,628 | +9.1% |
| Amounts payable after more than one year | 17 | €14,371 | €4,844 | -€9,527 | -66.3% |
| Financial debts | 170/4 | €14,371 | €4,844 | -€9,527 | -66.3% |
| Amounts payable within one year | 42/48 | €25,546 | €38,701 | +€13,156 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €9,318 | €9,527 | +€209 | +2.2% |
| Trade debts | 44 | €2,891 | €2,836 | -€54 | -1.9% |
| Suppliers | 440/4 | €2,891 | €2,836 | -€54 | -1.9% |
| Taxes, remuneration and social security | 45 | €5,137 | €2,886 | -€2,251 | -43.8% |
| Taxes | 450/3 | €5,137 | €2,886 | -€2,251 | -43.8% |
| Other amounts payable | 47/48 | €8,199 | €23,451 | +€15,252 | +186.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,220 | €9,220 | = | 0.0% |
| Other operating charges | 640/8 | €1,088 | €1,076 | -€12 | -1.1% |
| Gross operating margin | 9900 | €27,979 | €28,343 | +€363 | +1.3% |
| Operating profit (loss) | 9901 | €17,671 | €18,047 | +€376 | +2.1% |
| Financial income | 75/76B | €4,982 | €421 | -€4,561 | -91.5% |
| Recurring financial income | 75 | €4,982 | €421 | -€4,561 | -91.5% |
| Financial charges | 65/66B | €912 | €1,095 | +€183 | +20.1% |
| Recurring financial charges | 65 | €912 | €1,095 | +€183 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €21,741 | €17,373 | -€4,368 | -20.1% |
| Income taxes | 67/77 | €6,188 | €7,584 | +€1,395 | +22.5% |
| Profit (loss) for the period | 9904 | €15,553 | €9,790 | -€5,763 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,553 | €9,790 | -€5,763 | -37.1% |
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 7 October 2026 via checked.be.