DE WINTER & STEVERLYNCK: 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 & STEVERLYNCK
Largest movements
- Receivables within one year +€80,069
up €80,069 (+86.5%), from €92,520 to €172,589
of which Other amounts receivable: +€57,060
- Receivables after one year -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€21,155
up €21,155 (+182%), from €11,642 to €32,797
mainly Net result for the year (+€122,029) and Receivables after one year (+€50,000)
- Tangible fixed assets -€9,731
down €9,731 (-30.9%), from €31,445 to €21,713
of which Furniture and vehicles: -€7,056
- Other debts -€125,000
no longer reported in 2025 (was €125,000)
- Reserves +€122,029
up €122,029 (+639%), from €19,087 to €141,116
- Tax, wage and social debts +€46,697
up €46,697 (+498%), from €9,381 to €56,078
of which Taxes: +€42,447
- Debts after one year -€6,697
no longer reported in 2025 (was €6,697)
- Trade debts +€6,435
up €6,435 (+154%), from €4,169 to €10,604
- Gross operating margin +€91,546
up €91,546 (+91.6%), from €99,919 to €191,465
- Taxes +€36,483
up €36,483 (+151%), from €24,221 to €60,704
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 | €190,078 | €233,095 | +€43,016 | +22.6% |
| Fixed assets | 21/28 | €31,745 | €22,013 | -€9,731 | -30.7% |
| Tangible fixed assets | 22/27 | €31,445 | €21,713 | -€9,731 | -30.9% |
| Furniture and vehicles | 24 | €15,615 | €8,560 | -€7,056 | -45.2% |
| Other tangible fixed assets | 26 | €15,829 | €13,154 | -€2,676 | -16.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €158,334 | €211,081 | +€52,748 | +33.3% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Amounts receivable within one year | 40/41 | €92,520 | €172,589 | +€80,069 | +86.5% |
| Trade receivables | 40 | €28,827 | €51,837 | +€23,010 | +79.8% |
| Other amounts receivable | 41 | €63,692 | €120,752 | +€57,060 | +89.6% |
| Cash at bank and in hand | 54/58 | €11,642 | €32,797 | +€21,155 | +182% |
| Deferred charges and accrued income | 490/1 | €4,171 | €5,695 | +€1,524 | +36.5% |
| Total equity and liabilities | 10/49 | €190,078 | €233,095 | +€43,016 | +22.6% |
| Equity | 10/15 | €37,687 | €159,716 | +€122,029 | +324% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,087 | €141,116 | +€122,029 | +639% |
| Non-distributable reserves | 130/1 | €19,087 | €141,116 | +€122,029 | +639% |
| Other | 1319 | €19,087 | €141,116 | +€122,029 | +639% |
| Amounts payable | 17/49 | €152,391 | €73,379 | -€79,012 | -51.8% |
| Amounts payable after more than one year | 17 | €6,697 | - | -€6,697 | |
| Financial debts | 170/4 | €6,697 | - | -€6,697 | |
| Amounts payable within one year | 42/48 | €145,436 | €73,379 | -€72,057 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €6,886 | €6,697 | -€189 | -2.7% |
| Trade debts | 44 | €4,169 | €10,604 | +€6,435 | +154% |
| Suppliers | 440/4 | €4,169 | €10,604 | +€6,435 | +154% |
| Taxes, remuneration and social security | 45 | €9,381 | €56,078 | +€46,697 | +498% |
| Taxes | 450/3 | €9,381 | €51,828 | +€42,447 | +452% |
| Remuneration and social security | 454/9 | - | €4,250 | +€4,250 | |
| Other amounts payable | 47/48 | €125,000 | - | -€125,000 | |
| Accrued charges and deferred income | 492/3 | €258 | - | -€258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,399 | €10,801 | -€598 | -5.2% |
| Other operating charges | 640/8 | €2,001 | €1,740 | -€261 | -13.1% |
| Non-recurring operating charges | 66A | €844 | €927 | +€83 | +9.8% |
| Gross operating margin | 9900 | €99,919 | €191,465 | +€91,546 | +91.6% |
| Operating profit (loss) | 9901 | €85,675 | €177,998 | +€92,322 | +108% |
| Financial income | 75/76B | €4,089 | €5,917 | +€1,829 | +44.7% |
| Recurring financial income | 75 | €4,089 | €5,917 | +€1,829 | +44.7% |
| Financial charges | 65/66B | €1,669 | €1,183 | -€486 | -29.1% |
| Recurring financial charges | 65 | €1,669 | €1,183 | -€486 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €88,095 | €182,732 | +€94,637 | +107% |
| Income taxes | 67/77 | €24,221 | €60,704 | +€36,483 | +151% |
| Profit (loss) for the period | 9904 | €63,874 | €122,029 | +€58,154 | +91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,874 | €122,029 | +€58,154 | +91.0% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.