DE WINTER INVEST: what changed
DE WINTER INVEST
Largest movements
- Tangible fixed assets -€31,399
down €31,399 (-10.6%), from €297,557 to €266,158
of which Land and buildings: -€26,117
- Cash +€10,482
up €10,482 (+321%), from €3,267 to €13,749
mainly Depreciation (+€31,399) and Debts after one year (+€3,121)
- Other debts -€18,835
down €18,835 (-34.5%), from €54,561 to €35,726
- Reserves -€4,629
down €4,629 (-17.2%), from €26,984 to €22,355
- Debts after one year +€3,121
up €3,121 (+2.0%), from €156,060 to €159,181
- Gross operating margin -€1,325
down €1,325 (-3.4%), from €38,709 to €37,384
- Depreciation +€1,037
up €1,037 (+3.4%), from €30,362 to €31,399
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,241 | €280,227 | -€21,014 | -7.0% |
| Fixed assets | 21/28 | €297,557 | €266,158 | -€31,399 | -10.6% |
| Tangible fixed assets | 22/27 | €297,557 | €266,158 | -€31,399 | -10.6% |
| Land and buildings | 22 | €257,595 | €231,477 | -€26,117 | -10.1% |
| Plant, machinery and equipment | 23 | €39,963 | €34,681 | -€5,282 | -13.2% |
| Current assets | 29/58 | €3,684 | €14,068 | +€10,385 | +282% |
| Cash at bank and in hand | 54/58 | €3,267 | €13,749 | +€10,482 | +321% |
| Deferred charges and accrued income | 490/1 | €416 | €319 | -€97 | -23.3% |
| Total equity and liabilities | 10/49 | €301,241 | €280,227 | -€21,014 | -7.0% |
| Equity | 10/15 | €88,984 | €84,355 | -€4,629 | -5.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €26,984 | €22,355 | -€4,629 | -17.2% |
| Distributable reserves | 133 | €26,984 | €22,355 | -€4,629 | -17.2% |
| Amounts payable | 17/49 | €212,257 | €195,872 | -€16,386 | -7.7% |
| Amounts payable after more than one year | 17 | €156,060 | €159,181 | +€3,121 | +2.0% |
| Financial debts | 170/4 | €156,060 | €159,181 | +€3,121 | +2.0% |
| Amounts payable within one year | 42/48 | €56,197 | €36,616 | -€19,582 | -34.8% |
| Trade debts | 44 | €994 | €0 | -€994 | -100% |
| Suppliers | 440/4 | €994 | €0 | -€994 | -100% |
| Taxes, remuneration and social security | 45 | €642 | €889 | +€247 | +38.4% |
| Taxes | 450/3 | €642 | €889 | +€247 | +38.4% |
| Other amounts payable | 47/48 | €54,561 | €35,726 | -€18,835 | -34.5% |
| Accrued charges and deferred income | 492/3 | €0 | €75 | +€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,362 | €31,399 | +€1,037 | +3.4% |
| Other operating charges | 640/8 | €6,434 | €6,201 | -€234 | -3.6% |
| Gross operating margin | 9900 | €38,709 | €37,384 | -€1,325 | -3.4% |
| Operating profit (loss) | 9901 | €1,913 | -€215 | -€2,129 | |
| Financial charges | 65/66B | €4,727 | €4,413 | -€314 | -6.6% |
| Recurring financial charges | 65 | €4,727 | €4,413 | -€314 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,814 | -€4,629 | -€1,814 | -64.5% |
| Profit (loss) for the period | 9904 | -€2,814 | -€4,629 | -€1,814 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,814 | -€4,629 | -€1,814 | -64.5% |
Next steps
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 5 November 2026 via checked.be.