DE WINTER ADVERTISING: 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 WINTER ADVERTISING
Largest movements
- Tangible fixed assets -€11,326
down €11,326 (-10.3%), from €109,895 to €98,569
- Current portion of long-term debt -€12,719
down €12,719 (-83.0%), from €15,330 to €2,612
- Reserves +€4,512
up €4,512 (+10.0%), from €45,164 to €49,676
- Debts after one year -€2,612
no longer reported in 2025 (was €2,612)
- Tax, wage and social debts -€1,478
down €1,478 (-41.5%), from €3,561 to €2,083
- Profit (loss) carried forward +€1,210
up €1,210 (+26.8%), from €4,512 to €5,722
- Financial charges -€2,174
down €2,174 (-67.9%), from €3,200 to €1,026
- Taxes +€393
up €393 (+23.3%), from €1,690 to €2,083
- Other operating charges +€296
up €296 (+22.4%), from €1,323 to €1,619
- Gross operating margin -€275
down €275 (-1.2%), from €22,051 to €21,776
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 | €114,307 | €103,064 | -€11,243 | -9.8% |
| Fixed assets | 21/28 | €110,045 | €98,569 | -€11,476 | -10.4% |
| Tangible fixed assets | 22/27 | €109,895 | €98,569 | -€11,326 | -10.3% |
| Land and buildings | 22 | €109,895 | €98,569 | -€11,326 | -10.3% |
| Financial fixed assets | 28 | €150 | - | -€150 | |
| Current assets | 29/58 | €4,262 | €4,495 | +€233 | +5.5% |
| Cash at bank and in hand | 54/58 | €4,158 | €4,390 | +€233 | +5.6% |
| Deferred charges and accrued income | 490/1 | €105 | €105 | = | 0.0% |
| Total equity and liabilities | 10/49 | €114,307 | €103,064 | -€11,243 | -9.8% |
| Equity | 10/15 | €68,268 | €73,990 | +€5,722 | +8.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €45,164 | €49,676 | +€4,512 | +10.0% |
| Distributable reserves | 133 | €45,164 | €49,676 | +€4,512 | +10.0% |
| Profit (loss) carried forward | 14 | €4,512 | €5,722 | +€1,210 | +26.8% |
| Amounts payable | 17/49 | €46,039 | €29,074 | -€16,965 | -36.9% |
| Amounts payable after more than one year | 17 | €2,612 | - | -€2,612 | |
| Financial debts | 170/4 | €2,612 | - | -€2,612 | |
| Amounts payable within one year | 42/48 | €43,427 | €29,074 | -€14,354 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €15,330 | €2,612 | -€12,719 | -83.0% |
| Trade debts | 44 | €539 | €532 | -€7 | -1.4% |
| Suppliers | 440/4 | €539 | €532 | -€7 | -1.4% |
| Taxes, remuneration and social security | 45 | €3,561 | €2,083 | -€1,478 | -41.5% |
| Taxes | 450/3 | €3,561 | €2,083 | -€1,478 | -41.5% |
| Other amounts payable | 47/48 | €23,997 | €23,847 | -€150 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,326 | €11,326 | = | 0.0% |
| Other operating charges | 640/8 | €1,323 | €1,619 | +€296 | +22.4% |
| Gross operating margin | 9900 | €22,051 | €21,776 | -€275 | -1.2% |
| Operating profit (loss) | 9901 | €9,402 | €8,831 | -€571 | -6.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,200 | €1,026 | -€2,174 | -67.9% |
| Recurring financial charges | 65 | €3,200 | €1,026 | -€2,174 | -67.9% |
| Profit (loss) for the period before taxes | 9903 | €6,202 | €7,806 | +€1,603 | +25.8% |
| Income taxes | 67/77 | €1,690 | €2,083 | +€393 | +23.3% |
| Profit (loss) for the period | 9904 | €4,512 | €5,722 | +€1,210 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,512 | €5,722 | +€1,210 | +26.8% |
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.