De Winter - Beyers: 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 - Beyers
Largest movements
- Receivables within one year +€113,335
up €113,335 (+77.7%), from €145,795 to €259,130
of which Trade receivables: +€113,723
- Cash -€54,596
down €54,596 (-73.4%), from €74,363 to €19,766
mainly Contributions, distributions and other (-€163,867) and Trade debts (-€117,226)
- Stocks and contracts -€47,567
down €47,567 (-100%), from €47,567 to €0
- Other debts +€132,561
up €132,561 (+240%), from €55,226 to €187,787
- Trade debts -€117,226
down €117,226 (-59.4%), from €197,194 to €79,968
- Tax, wage and social debts -€4,288
down €4,288 (-60.9%), from €7,045 to €2,757
- Gross operating margin +€117,382
up €117,382 (+210%), from €56,019 to €173,402
- Write-downs +€7,859
up €7,859 (+1,226%), from €641 to €8,500
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 | €267,725 | €278,896 | +€11,172 | +4.2% |
| Current assets | 29/58 | €267,725 | €278,896 | +€11,172 | +4.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €47,567 | €0 | -€47,567 | -100% |
| Stocks | 30/36 | €47,567 | €0 | -€47,567 | -100% |
| Amounts receivable within one year | 40/41 | €145,795 | €259,130 | +€113,335 | +77.7% |
| Trade receivables | 40 | €143,622 | €257,345 | +€113,723 | +79.2% |
| Other amounts receivable | 41 | €2,173 | €1,785 | -€388 | -17.9% |
| Cash at bank and in hand | 54/58 | €74,363 | €19,766 | -€54,596 | -73.4% |
| Total equity and liabilities | 10/49 | €267,725 | €278,896 | +€11,172 | +4.2% |
| Equity | 10/15 | €8,260 | €8,260 | = | 0.0% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €259,465 | €270,636 | +€11,172 | +4.3% |
| Amounts payable within one year | 42/48 | €259,465 | €270,511 | +€11,047 | +4.3% |
| Trade debts | 44 | €197,194 | €79,968 | -€117,226 | -59.4% |
| Suppliers | 440/4 | €197,194 | €79,968 | -€117,226 | -59.4% |
| Taxes, remuneration and social security | 45 | €7,045 | €2,757 | -€4,288 | -60.9% |
| Taxes | 450/3 | €7,045 | €2,757 | -€4,288 | -60.9% |
| Other amounts payable | 47/48 | €55,226 | €187,787 | +€132,561 | +240% |
| Accrued charges and deferred income | 492/3 | - | €125 | +€125 | |
| Non-recurring operating income | 76A | - | €140,000 | +€140,000 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €641 | €8,500 | +€7,859 | +1,226% |
| Other operating charges | 640/8 | €118 | €125 | +€7 | +5.9% |
| Gross operating margin | 9900 | €56,019 | €173,402 | +€117,382 | +210% |
| Operating profit (loss) | 9901 | €55,260 | €164,777 | +€109,516 | +198% |
| Financial income | 75/76B | €0 | €58 | +€58 | |
| Recurring financial income | 75 | €0 | €58 | +€58 | |
| Financial charges | 65/66B | €76 | €968 | +€892 | +1,169% |
| Recurring financial charges | 65 | €76 | €968 | +€892 | +1,169% |
| Profit (loss) for the period before taxes | 9903 | €55,184 | €163,867 | +€108,683 | +197% |
| Profit (loss) for the period | 9904 | €55,184 | €163,867 | +€108,683 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €55,184 | €163,867 | +€108,683 | +197% |
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 26 October 2026 via checked.be.