De Winter BV: what changed
What changed
De Winter BV
NACE 23.700, Cutting, shaping and finishing of stone
filed annual accounts (NBB)
Net result for the year
€83,997
2024 · €98,506-€14,509
Equity
€393,357
2024 · €309,360+€83,997
Cash
€285,344
2024 · €209,871+€75,473
Balance sheet total
€1.1m
2024 · €1.2m-€54,909
Largest movements
Assets
- Cash +€75,473
up €75,473 (+36.0%), from €209,871 to €285,344
mainly Net result for the year (+€83,997) and Depreciation (+€59,556)
- Tangible fixed assets -€58,151
down €58,151 (-9.4%), from €621,337 to €563,185
- Stocks and contracts -€50,050
down €50,050 (-26.6%), from €187,912 to €137,861
of which Contracts in progress: -€49,340
- Receivables within one year -€23,026
down €23,026 (-16.6%), from €139,012 to €115,986
of which Trade receivables: -€16,021
Equity and liabilities
- Reserves +€83,997
up €83,997 (+28.9%), from €290,760 to €374,757
- Debts after one year -€51,288
down €51,288 (-15.2%), from €336,825 to €285,537
- Other debts -€34,591
down €34,591 (-14.3%), from €242,251 to €207,660
- Tax, wage and social debts -€23,520
down €23,520 (-51.8%), from €45,439 to €21,919
of which Taxes: -€23,520
- Trade debts -€16,893
down €16,893 (-29.6%), from €57,159 to €40,266
Income statement
- Gross operating margin -€42,039
down €42,039 (-8.4%), from €498,723 to €456,684
- Depreciation -€26,584
down €26,584 (-30.9%), from €86,139 to €59,556
- Other operating charges -€6,258
down €6,258 (-25.8%), from €24,294 to €18,036
- Taxes -€5,576
down €5,576 (-12.6%), from €44,175 to €38,599
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€98,506
Gross operating margin
-€42,039
Staff costs
-€4,835
Depreciation
+€26,584
Write-downs
-€3,709
Other operating charges
+€6,258
Financial income
+€16
Financial charges
-€2,361
Taxes
+€5,576
Result 2025
€83,997
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€127,089
Investment
-€1,404
Financing
-€50,212
Cash 2024
€209,871
From operations (derived)
+€127,089
Net result for the year
+€83,997
Depreciation
+€59,556
Stocks and contracts
+€50,050
Receivables within one year
+€23,026
Deferred charges and accrued income
-€846
Trade debts
-€16,893
Tax, wage and social debts
-€23,520
Advances received
-€15,879
Other debts
-€34,591
Accrued charges and deferred income
+€2,189
Investment (derived)
-€1,404
Investment in fixed assets (net)
-€1,404
Financing
-€50,212
Debts after one year
-€51,288
Current portion of long-term debt
+€1,022
Short-term financial debts
+€54
Cash 2025
€285,344
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,170,063 | €1,115,154 | -€54,909 | -4.7% |
| Fixed assets | 21/28 | €622,337 | €564,185 | -€58,151 | -9.3% |
| Tangible fixed assets | 22/27 | €621,337 | €563,185 | -€58,151 | -9.4% |
| Land and buildings | 22 | €472,960 | €446,994 | -€25,967 | -5.5% |
| Plant, machinery and equipment | 23 | €13,605 | €9,156 | -€4,449 | -32.7% |
| Furniture and vehicles | 24 | €5,641 | €5,089 | -€552 | -9.8% |
| Leasing and similar rights | 25 | €129,131 | €101,946 | -€27,184 | -21.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €547,726 | €550,969 | +€3,243 | +0.6% |
| Stocks and contracts in progress | 3 | €187,912 | €137,861 | -€50,050 | -26.6% |
| Stocks | 30/36 | €98,718 | €98,007 | -€711 | -0.7% |
| Contracts in progress | 37 | €89,194 | €39,854 | -€49,340 | -55.3% |
| Amounts receivable within one year | 40/41 | €139,012 | €115,986 | -€23,026 | -16.6% |
| Trade receivables | 40 | €119,179 | €103,158 | -€16,021 | -13.4% |
| Other amounts receivable | 41 | €19,833 | €12,827 | -€7,005 | -35.3% |
| Cash at bank and in hand | 54/58 | €209,871 | €285,344 | +€75,473 | +36.0% |
| Deferred charges and accrued income | 490/1 | €10,931 | €11,777 | +€846 | +7.7% |
| Total equity and liabilities | 10/49 | €1,170,063 | €1,115,154 | -€54,909 | -4.7% |
| Equity | 10/15 | €309,360 | €393,357 | +€83,997 | +27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €290,760 | €374,757 | +€83,997 | +28.9% |
| Distributable reserves | 133 | €290,760 | €374,757 | +€83,997 | +28.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €860,702 | €721,797 | -€138,906 | -16.1% |
| Amounts payable after more than one year | 17 | €336,825 | €285,537 | -€51,288 | -15.2% |
| Financial debts | 170/4 | €336,825 | €285,537 | -€51,288 | -15.2% |
| Amounts payable within one year | 42/48 | €523,532 | €433,726 | -€89,807 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €50,266 | €51,288 | +€1,022 | +2.0% |
| Financial debts | 43 | €112,538 | €112,592 | +€54 | 0.0% |
| Credit institutions | 430/8 | €112,538 | €112,592 | +€54 | 0.0% |
| Trade debts | 44 | €57,159 | €40,266 | -€16,893 | -29.6% |
| Suppliers | 440/4 | €57,159 | €40,266 | -€16,893 | -29.6% |
| Advances received on contracts in progress | 46 | €15,879 | €0 | -€15,879 | -100% |
| Taxes, remuneration and social security | 45 | €45,439 | €21,919 | -€23,520 | -51.8% |
| Taxes | 450/3 | €45,439 | €21,919 | -€23,520 | -51.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €242,251 | €207,660 | -€34,591 | -14.3% |
| Accrued charges and deferred income | 492/3 | €345 | €2,534 | +€2,189 | +634% |
| Remuneration, social security and pensions | 62 | €239,683 | €244,518 | +€4,835 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,139 | €59,556 | -€26,584 | -30.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,644 | -€6,935 | +€3,709 | +34.8% |
| Other operating charges | 640/8 | €24,294 | €18,036 | -€6,258 | -25.8% |
| Gross operating margin | 9900 | €498,723 | €456,684 | -€42,039 | -8.4% |
| Operating profit (loss) | 9901 | €159,251 | €141,510 | -€17,741 | -11.1% |
| Financial income | 75/76B | €2 | €18 | +€16 | +754% |
| Recurring financial income | 75 | €2 | €18 | +€16 | +754% |
| Financial charges | 65/66B | €16,572 | €18,932 | +€2,361 | +14.2% |
| Recurring financial charges | 65 | €16,572 | €18,932 | +€2,361 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €142,681 | €122,596 | -€20,085 | -14.1% |
| Income taxes | 67/77 | €44,175 | €38,599 | -€5,576 | -12.6% |
| Profit (loss) for the period | 9904 | €98,506 | €83,997 | -€14,509 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €98,506 | €83,997 | -€14,509 | -14.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.