De Winter - Winne: 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 - Winne
Largest movements
- Receivables within one year +€451,306
up €451,306 (+302%), from €149,618 to €600,924
of which Other amounts receivable: +€330,375
- Cash -€108,664
down €108,664 (-31.4%), from €345,827 to €237,163
mainly Receivables within one year (-€451,306) and Other debts (-€150,886)
- Tangible fixed assets -€34,347
down €34,347 (-10.3%), from €334,973 to €300,626
of which Furniture and vehicles: -€18,888
- Reserves +€404,627
up €404,627 (+16.5%), from €2.5m to €2.9m
of which Distributable reserves: +€401,007
- Other debts -€150,886
down €150,886 (-100%), from €150,886 to €0
- Tax, wage and social debts +€58,231
up €58,231, from €0 to €58,231
- Gross operating margin +€208,180
up €208,180 (+34.3%), from €607,635 to €815,815
- Taxes +€60,057
up €60,057 (+31.9%), from €188,004 to €248,061
- Financial income +€16,843
up €16,843 (+70.6%), from €23,849 to €40,692
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 | €2,640,184 | €2,924,092 | +€283,908 | +10.8% |
| Fixed assets | 21/28 | €334,973 | €300,626 | -€34,347 | -10.3% |
| Tangible fixed assets | 22/27 | €334,973 | €300,626 | -€34,347 | -10.3% |
| Land and buildings | 22 | €257,981 | €242,523 | -€15,458 | -6.0% |
| Furniture and vehicles | 24 | €76,991 | €58,103 | -€18,888 | -24.5% |
| Current assets | 29/58 | €2,305,211 | €2,623,466 | +€318,255 | +13.8% |
| Amounts receivable within one year | 40/41 | €149,618 | €600,924 | +€451,306 | +302% |
| Trade receivables | 40 | €89,642 | €210,573 | +€120,931 | +135% |
| Other amounts receivable | 41 | €59,976 | €390,351 | +€330,375 | +551% |
| Current investments | 50/53 | €1,793,730 | €1,770,147 | -€23,583 | -1.3% |
| Cash at bank and in hand | 54/58 | €345,827 | €237,163 | -€108,664 | -31.4% |
| Deferred charges and accrued income | 490/1 | €16,036 | €15,232 | -€804 | -5.0% |
| Total equity and liabilities | 10/49 | €2,640,184 | €2,924,092 | +€283,908 | +10.8% |
| Equity | 10/15 | €2,452,578 | €2,857,205 | +€404,627 | +16.5% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €2,452,578 | €2,857,205 | +€404,627 | +16.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €173,200 | €176,820 | +€3,620 | +2.1% |
| Distributable reserves | 133 | €2,279,378 | €2,680,385 | +€401,007 | +17.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €187,606 | €66,887 | -€120,719 | -64.3% |
| Amounts payable after more than one year | 17 | €3,169 | €0 | -€3,169 | -100% |
| Financial debts | 170/4 | €3,169 | €0 | -€3,169 | -100% |
| Amounts payable within one year | 42/48 | €179,630 | €65,796 | -€113,834 | -63.4% |
| Current portion of amounts payable after more than one year | 42 | €18,912 | €3,169 | -€15,743 | -83.2% |
| Trade debts | 44 | €9,832 | €4,396 | -€5,435 | -55.3% |
| Suppliers | 440/4 | €9,832 | €4,396 | -€5,435 | -55.3% |
| Taxes, remuneration and social security | 45 | €0 | €58,231 | +€58,231 | |
| Taxes | 450/3 | €0 | €58,231 | +€58,231 | |
| Other amounts payable | 47/48 | €150,886 | €0 | -€150,886 | -100% |
| Accrued charges and deferred income | 492/3 | €4,807 | €1,091 | -€3,716 | -77.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,111 | €64,683 | +€2,571 | +4.1% |
| Other operating charges | 640/8 | €4,476 | €3,827 | -€649 | -14.5% |
| Gross operating margin | 9900 | €607,635 | €815,815 | +€208,180 | +34.3% |
| Operating profit (loss) | 9901 | €541,048 | €747,306 | +€206,258 | +38.1% |
| Financial income | 75/76B | €23,849 | €40,692 | +€16,843 | +70.6% |
| Recurring financial income | 75 | €23,849 | €40,692 | +€16,843 | +70.6% |
| Financial charges | 65/66B | €10,988 | €14,284 | +€3,296 | +30.0% |
| Recurring financial charges | 65 | €10,988 | €14,284 | +€3,296 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €553,909 | €773,714 | +€219,804 | +39.7% |
| Income taxes | 67/77 | €188,004 | €248,061 | +€60,057 | +31.9% |
| Profit (loss) for the period | 9904 | €365,905 | €525,653 | +€159,748 | +43.7% |
| Transfer from tax-exempt reserves | 789 | €193,660 | €89,000 | -€104,660 | -54.0% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €92,620 | +€29,470 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €496,415 | €522,033 | +€25,618 | +5.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.