De Winter Gino: 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 Gino
Largest movements
- Cash +€55,835
up €55,835 (+216%), from €25,863 to €81,699
mainly Net result for the year (+€24,875) and Trade debts (+€24,588)
- Stocks and contracts +€14,667
up €14,667 (+68.5%), from €21,425 to €36,092
of which Contracts in progress: +€7,500
- Receivables within one year -€12,686
down €12,686 (-33.0%), from €38,422 to €25,736
of which Trade receivables: -€24,988
- Tangible fixed assets -€6,534
down €6,534 (-34.2%), from €19,127 to €12,593
of which Furniture and vehicles: -€5,338
- Deferred charges and accrued income -€2,203
down €2,203 (-37.4%), from €5,890 to €3,687
- Reserves +€24,875
up €24,875 (+36.1%), from €68,870 to €93,744
- Trade debts +€24,588
up €24,588 (+113%), from €21,847 to €46,435
- Current portion of long-term debt -€3,609
no longer reported in 2025 (was €3,609)
- Tax, wage and social debts +€2,406
up €2,406 (+58.7%), from €4,098 to €6,504
of which Taxes: +€2,406
- Gross operating margin +€44,915
up €44,915, from -€1,617 to €43,298
- Taxes +€8,322
new in 2025: €8,322
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 | €110,727 | €159,807 | +€49,079 | +44.3% |
| Fixed assets | 21/28 | €19,127 | €12,593 | -€6,534 | -34.2% |
| Tangible fixed assets | 22/27 | €19,127 | €12,593 | -€6,534 | -34.2% |
| Plant, machinery and equipment | 23 | €8,823 | €7,626 | -€1,197 | -13.6% |
| Furniture and vehicles | 24 | €10,304 | €4,966 | -€5,338 | -51.8% |
| Current assets | 29/58 | €91,600 | €147,214 | +€55,614 | +60.7% |
| Stocks and contracts in progress | 3 | €21,425 | €36,092 | +€14,667 | +68.5% |
| Stocks | 30/36 | €8,925 | €16,092 | +€7,167 | +80.3% |
| Contracts in progress | 37 | €12,500 | €20,000 | +€7,500 | +60.0% |
| Amounts receivable within one year | 40/41 | €38,422 | €25,736 | -€12,686 | -33.0% |
| Trade receivables | 40 | €31,788 | €6,800 | -€24,988 | -78.6% |
| Other amounts receivable | 41 | €6,634 | €18,936 | +€12,303 | +185% |
| Cash at bank and in hand | 54/58 | €25,863 | €81,699 | +€55,835 | +216% |
| Deferred charges and accrued income | 490/1 | €5,890 | €3,687 | -€2,203 | -37.4% |
| Total equity and liabilities | 10/49 | €110,727 | €159,807 | +€49,079 | +44.3% |
| Equity | 10/15 | €81,082 | €105,956 | +€24,875 | +30.7% |
| Contributions | 10/11 | €7,605 | €7,605 | = | 0.0% |
| Reserves | 13 | €68,870 | €93,744 | +€24,875 | +36.1% |
| Distributable reserves | 133 | €68,870 | €93,744 | +€24,875 | +36.1% |
| Profit (loss) carried forward | 14 | €4,607 | €4,607 | = | 0.0% |
| Amounts payable | 17/49 | €29,645 | €53,850 | +€24,205 | +81.6% |
| Amounts payable within one year | 42/48 | €29,645 | €53,850 | +€24,205 | +81.6% |
| Current portion of amounts payable after more than one year | 42 | €3,609 | - | -€3,609 | |
| Trade debts | 44 | €21,847 | €46,435 | +€24,588 | +113% |
| Suppliers | 440/4 | €21,847 | €46,435 | +€24,588 | +113% |
| Taxes, remuneration and social security | 45 | €4,098 | €6,504 | +€2,406 | +58.7% |
| Taxes | 450/3 | €98 | €2,504 | +€2,406 | +2,458% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €92 | €911 | +€819 | +894% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,220 | €8,005 | -€214 | -2.6% |
| Other operating charges | 640/8 | €539 | €738 | +€199 | +37.0% |
| Non-recurring operating charges | 66A | - | €1,208 | +€1,208 | |
| Gross operating margin | 9900 | -€1,617 | €43,298 | +€44,915 | |
| Operating profit (loss) | 9901 | -€10,376 | €33,346 | +€43,722 | |
| Financial income | 75/76B | €1 | €93 | +€92 | +9,153% |
| Recurring financial income | 75 | €1 | €93 | +€92 | +9,153% |
| Financial charges | 65/66B | €222 | €242 | +€20 | +8.9% |
| Recurring financial charges | 65 | €222 | €242 | +€20 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,597 | €33,196 | +€43,793 | |
| Income taxes | 67/77 | - | €8,322 | +€8,322 | |
| Profit (loss) for the period | 9904 | -€10,597 | €24,875 | +€35,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,597 | €24,875 | +€35,472 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.