JORIS WINMEAT: 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.
JORIS WINMEAT
Largest movements
- Receivables within one year +€104,021
up €104,021 (+129%), from €80,718 to €184,740
of which Trade receivables: +€110,787
- Tangible fixed assets -€70,406
no longer reported in 2025 (was €70,406)
of which Other tangible fixed assets: -€40,767
- Cash -€14,866
down €14,866 (-80.9%), from €18,372 to €3,505
mainly Receivables within one year (-€104,021) and Other debts (-€5,969)
- Stocks and contracts -€8,749
no longer reported in 2025 (was €8,749)
- Trade debts +€17,213
up €17,213 (+25.0%), from €68,769 to €85,982
- Other debts -€5,969
no longer reported in 2025 (was €5,969)
- Tax, wage and social debts -€2,654
down €2,654 (-14.4%), from €18,458 to €15,804
of which Remuneration and social security: -€2,654
- Gross operating margin -€41,475
down €41,475 (-56.2%), from €73,773 to €32,298
- Staff costs -€34,866
down €34,866 (-71.5%), from €48,790 to €13,924
- Depreciation -€4,986
down €4,986 (-23.7%), from €21,030 to €16,044
- Other operating charges -€1,147
down €1,147 (-53.3%), from €2,150 to €1,004
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 | €178,564 | €188,245 | +€9,681 | +5.4% |
| Fixed assets | 21/28 | €70,406 | - | -€70,406 | |
| Tangible fixed assets | 22/27 | €70,406 | - | -€70,406 | |
| Plant, machinery and equipment | 23 | €29,639 | - | -€29,639 | |
| Other tangible fixed assets | 26 | €40,767 | - | -€40,767 | |
| Current assets | 29/58 | €108,158 | €188,245 | +€80,087 | +74.0% |
| Stocks and contracts in progress | 3 | €8,749 | - | -€8,749 | |
| Stocks | 30/36 | €8,749 | - | -€8,749 | |
| Amounts receivable within one year | 40/41 | €80,718 | €184,740 | +€104,021 | +129% |
| Trade receivables | 40 | €73,798 | €184,584 | +€110,787 | +150% |
| Other amounts receivable | 41 | €6,920 | €155 | -€6,765 | -97.8% |
| Cash at bank and in hand | 54/58 | €18,372 | €3,505 | -€14,866 | -80.9% |
| Deferred charges and accrued income | 490/1 | €319 | - | -€319 | |
| Total equity and liabilities | 10/49 | €178,564 | €188,245 | +€9,681 | +5.4% |
| Equity | 10/15 | €85,369 | €85,659 | +€291 | +0.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,619 | €16,909 | +€291 | +1.7% |
| Amounts payable | 17/49 | €93,196 | €102,586 | +€9,390 | +10.1% |
| Amounts payable within one year | 42/48 | €93,196 | €101,786 | +€8,590 | +9.2% |
| Trade debts | 44 | €68,769 | €85,982 | +€17,213 | +25.0% |
| Suppliers | 440/4 | €68,769 | €85,982 | +€17,213 | +25.0% |
| Taxes, remuneration and social security | 45 | €18,458 | €15,804 | -€2,654 | -14.4% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €18,458 | €15,804 | -€2,654 | -14.4% |
| Other amounts payable | 47/48 | €5,969 | - | -€5,969 | |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Remuneration, social security and pensions | 62 | €48,790 | €13,924 | -€34,866 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,030 | €16,044 | -€4,986 | -23.7% |
| Other operating charges | 640/8 | €2,150 | €1,004 | -€1,147 | -53.3% |
| Gross operating margin | 9900 | €73,773 | €32,298 | -€41,475 | -56.2% |
| Operating profit (loss) | 9901 | €1,803 | €1,326 | -€477 | -26.5% |
| Financial charges | 65/66B | €246 | €165 | -€81 | -33.0% |
| Recurring financial charges | 65 | €246 | €165 | -€81 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | €1,558 | €1,162 | -€396 | -25.4% |
| Income taxes | 67/77 | €1,019 | €871 | -€148 | -14.5% |
| Profit (loss) for the period | 9904 | €539 | €291 | -€248 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €539 | €291 | -€248 | -46.0% |
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 27 October 2026 via checked.be.