IMMO WINA: 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.
What changed
IMMO WINA
NACE 96.999, Other personal services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€58,051
2024 · €449,172-€391,121
Equity
€12.9m
2024 · €12.9m+€58,051
Cash
€149,891
2024 · €214,724-€64,833
Balance sheet total
€22.8m
2024 · €23.4m-€535,779
Largest movements
Assets
- Stocks and contracts -€1.2m
down €1.2m (-34.6%), from €3.4m to €2.2m
- Current investments +€950,000
up €950,000, from €0 to €950,000
- Financial fixed assets +€479,962
up €479,962 (+9.9%), from €4.8m to €5.3m
of which Companies linked by participating interests: +€479,962
- Receivables within one year -€394,605
down €394,605 (-4.7%), from €8.4m to €8.0m
of which Trade receivables: -€486,133
- Tangible fixed assets -€330,933
down €330,933 (-5.1%), from €6.5m to €6.1m
of which Land and buildings: -€332,248
Equity and liabilities
- Debts after one year -€262,259
down €262,259 (-17.1%), from €1.5m to €1.3m
of which Financial debts: -€262,259
Income statement
- Goods and materials +€1.3m
up €1.3m (+1,507%), from €84,175 to €1.4m
of which Change in stocks: decrease (increase): +€1.8m
- Services and other goods -€372,426
down €372,426 (-46.5%), from €801,321 to €428,895
- Taxes -€129,579
down €129,579 (-84.4%), from €153,572 to €23,992
- Turnover +€53,461
up €53,461 (+3.0%), from €1.8m to €1.8m
- Financial income +€52,236
up €52,236 (+19.5%), from €267,913 to €320,149
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.
Result 2024
€449,172
Turnover
+€53,461
Other operating income
-€44,710
Goods and materials
-€1.3m
Services and other goods
+€372,426
Staff costs
-€31,601
Depreciation
+€36,048
Other operating charges
-€4,900
Other operating items
+€316,564
Financial income
+€52,236
Financial charges
-€754
Taxes
+€129,579
Deferred taxes and other
-€546
Result 2025
€58,051
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.6m
Investment
-€1.4m
Financing
-€259,347
Cash 2024
€214,724
From operations (derived)
+€1.6m
Net result for the year
+€58,051
Depreciation
+€262,105
Stocks and contracts
+€1.2m
Receivables within one year
+€394,605
Deferred charges and accrued income
-€4,194
Smaller working-capital items
-€219
Trade debts
-€97,709
Tax, wage and social debts
-€117,391
Other debts
-€119,163
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€411,135
Current investments
-€950,000
Financing
-€259,347
Debts after one year
-€262,259
Current portion of long-term debt
+€2,912
Cash 2025
€149,891
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,351,287 | €22,815,508 | -€535,779 | -2.3% |
| Fixed assets | 21/28 | €11,288,602 | €11,437,632 | +€149,030 | +1.3% |
| Tangible fixed assets | 22/27 | €6,456,036 | €6,125,103 | -€330,933 | -5.1% |
| Land and buildings | 22 | €6,381,036 | €6,048,788 | -€332,248 | -5.2% |
| Plant, machinery and equipment | 23 | - | €1,315 | +€1,315 | |
| Furniture and vehicles | 24 | €75,000 | €75,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,832,566 | €5,312,529 | +€479,962 | +9.9% |
| Companies linked by participating interests | 282/3 | €2,186,177 | €2,666,139 | +€479,962 | +22.0% |
| Participating interests | 282 | €2,186,177 | €2,666,139 | +€479,962 | +22.0% |
| Other financial fixed assets | 284/8 | €2,646,389 | €2,646,389 | = | 0.0% |
| Shares | 284 | €2,646,389 | €2,646,389 | = | 0.0% |
| Current assets | 29/58 | €12,062,685 | €11,377,877 | -€684,809 | -5.7% |
| Stocks and contracts in progress | 3 | €3,408,688 | €2,229,124 | -€1.2m | -34.6% |
| Stocks | 30/36 | €3,408,688 | €2,229,124 | -€1.2m | -34.6% |
| Goods purchased for resale | 34 | €127,500 | €161,400 | +€33,900 | +26.6% |
| Property held for sale | 35 | €3,281,188 | €2,067,724 | -€1.2m | -37.0% |
| Amounts receivable within one year | 40/41 | €8,435,014 | €8,040,409 | -€394,605 | -4.7% |
| Trade receivables | 40 | €831,193 | €345,060 | -€486,133 | -58.5% |
| Other amounts receivable | 41 | €7,603,821 | €7,695,349 | +€91,528 | +1.2% |
| Current investments | 50/53 | €0 | €950,000 | +€950,000 | |
| Other investments | 51/53 | €0 | €950,000 | +€950,000 | |
| Cash at bank and in hand | 54/58 | €214,724 | €149,891 | -€64,833 | -30.2% |
| Deferred charges and accrued income | 490/1 | €4,259 | €8,453 | +€4,194 | +98.5% |
| Total equity and liabilities | 10/49 | €23,351,287 | €22,815,508 | -€535,779 | -2.3% |
| Equity | 10/15 | €12,887,927 | €12,945,977 | +€58,051 | +0.5% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Revaluation surpluses | 12 | €47,300 | €47,300 | = | 0.0% |
| Reserves | 13 | €12,665,099 | €12,723,500 | +€58,401 | +0.5% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,599 | €0 | -€2,599 | -100% |
| Distributable reserves | 133 | €12,645,000 | €12,706,000 | +€61,000 | +0.5% |
| Profit (loss) carried forward | 14 | €528 | €177 | -€350 | -66.4% |
| Provisions and deferred taxes | 16 | €1,338 | €0 | -€1,338 | -100% |
| Deferred taxes | 168 | €1,338 | €0 | -€1,338 | -100% |
| Amounts payable | 17/49 | €10,462,022 | €9,869,531 | -€592,491 | -5.7% |
| Amounts payable after more than one year | 17 | €1,533,028 | €1,270,769 | -€262,259 | -17.1% |
| Financial debts | 170/4 | €1,530,388 | €1,268,129 | -€262,259 | -17.1% |
| Credit institutions | 173 | €1,530,388 | €1,268,129 | -€262,259 | -17.1% |
| Other amounts payable | 178/9 | €2,640 | €2,640 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,928,612 | €8,597,261 | -€331,351 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €259,347 | €262,259 | +€2,912 | +1.1% |
| Trade debts | 44 | €156,551 | €58,842 | -€97,709 | -62.4% |
| Suppliers | 440/4 | €156,551 | €58,842 | -€97,709 | -62.4% |
| Taxes, remuneration and social security | 45 | €210,288 | €92,897 | -€117,391 | -55.8% |
| Taxes | 450/3 | €134,190 | €16,102 | -€118,088 | -88.0% |
| Remuneration and social security | 454/9 | €76,098 | €76,796 | +€697 | +0.9% |
| Other amounts payable | 47/48 | €8,302,426 | €8,183,263 | -€119,163 | -1.4% |
| Accrued charges and deferred income | 492/3 | €383 | €1,501 | +€1,119 | +292% |
| Operating income | 70/76A | €2,199,748 | €2,520,697 | +€320,949 | +14.6% |
| Turnover | 70 | €1,780,347 | €1,833,808 | +€53,461 | +3.0% |
| Other operating income | 74 | €419,401 | €374,691 | -€44,710 | -10.7% |
| Non-recurring operating income | 76A | €0 | €312,197 | +€312,197 | |
| Operating charges | 60/66A | €1,805,246 | €2,697,832 | +€892,586 | +49.4% |
| Goods for resale, raw materials and consumables | 60 | €84,175 | €1,353,102 | +€1.3m | +1,507% |
| Purchases | 600/8 | €724,120 | €173,538 | -€550,582 | -76.0% |
| Change in stocks: decrease (increase) | 609 | -€639,945 | €1,179,565 | +€1.8m | |
| Services and other goods | 61 | €801,321 | €428,895 | -€372,426 | -46.5% |
| Remuneration, social security and pensions | 62 | €545,723 | €577,324 | +€31,601 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298,153 | €262,105 | -€36,048 | -12.1% |
| Other operating charges | 640/8 | €71,506 | €76,406 | +€4,900 | +6.9% |
| Non-recurring operating charges | 66A | €4,367 | €0 | -€4,367 | -100% |
| Operating profit (loss) | 9901 | €394,502 | -€177,135 | -€571,637 | |
| Financial income | 75/76B | €267,913 | €320,149 | +€52,236 | +19.5% |
| Recurring financial income | 75 | €267,913 | €320,149 | +€52,236 | +19.5% |
| Income from financial fixed assets | 750 | €266,871 | €295,411 | +€28,540 | +10.7% |
| Income from current assets | 751 | €0 | €24,709 | +€24,709 | |
| Other financial income | 752/9 | €1,042 | €28 | -€1,014 | -97.3% |
| Financial charges | 65/66B | €61,555 | €62,309 | +€754 | +1.2% |
| Recurring financial charges | 65 | €61,555 | €62,309 | +€754 | +1.2% |
| Debt charges | 650 | €51,751 | €59,669 | +€7,917 | +15.3% |
| Other financial charges | 652/9 | €9,804 | €2,640 | -€7,164 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | €600,860 | €80,705 | -€520,155 | -86.6% |
| Transfer from deferred taxes | 780 | €1,884 | €1,338 | -€546 | -29.0% |
| Income taxes | 67/77 | €153,572 | €23,992 | -€129,579 | -84.4% |
| Taxes | 670/3 | €153,572 | €23,992 | -€129,579 | -84.4% |
| Profit (loss) for the period | 9904 | €449,172 | €58,051 | -€391,121 | -87.1% |
| Transfer from tax-exempt reserves | 789 | €3,658 | €2,599 | -€1,059 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €452,830 | €60,650 | -€392,181 | -86.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.