P-Winvest: 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.
P-Winvest
Largest movements
- Receivables within one year +€22,459
up €22,459 (+22.1%), from €101,423 to €123,882
of which Other amounts receivable: +€42,459
- Profit (loss) carried forward +€69,229
up €69,229 (+67.2%), from €102,976 to €172,205
- Debts after one year -€64,911
down €64,911 (-24.0%), from €270,149 to €205,238
- Trade debts +€28,730
up €28,730 (+33.4%), from €86,000 to €114,730
- Current portion of long-term debt -€8,324
down €8,324 (-11.4%), from €73,235 to €64,911
- Gross operating margin +€50,753
up €50,753 (+98.5%), from €51,525 to €102,278
- Taxes +€13,079
up €13,079 (+131%), from €9,997 to €23,076
- Financial charges -€1,997
down €1,997 (-17.6%), from €11,333 to €9,335
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 | €762,304 | €785,158 | +€22,854 | +3.0% |
| Fixed assets | 21/28 | €660,000 | €660,000 | = | 0.0% |
| Financial fixed assets | 28 | €660,000 | €660,000 | = | 0.0% |
| Current assets | 29/58 | €102,304 | €125,158 | +€22,854 | +22.3% |
| Amounts receivable within one year | 40/41 | €101,423 | €123,882 | +€22,459 | +22.1% |
| Trade receivables | 40 | €41,250 | €21,250 | -€20,000 | -48.5% |
| Other amounts receivable | 41 | €60,173 | €102,632 | +€42,459 | +70.6% |
| Cash at bank and in hand | 54/58 | €881 | €1,276 | +€395 | +44.8% |
| Total equity and liabilities | 10/49 | €762,304 | €785,158 | +€22,854 | +3.0% |
| Equity | 10/15 | €297,976 | €367,205 | +€69,229 | +23.2% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,976 | €172,205 | +€69,229 | +67.2% |
| Amounts payable | 17/49 | €464,328 | €417,953 | -€46,375 | -10.0% |
| Amounts payable after more than one year | 17 | €270,149 | €205,238 | -€64,911 | -24.0% |
| Financial debts | 170/4 | €270,149 | €205,238 | -€64,911 | -24.0% |
| Amounts payable within one year | 42/48 | €194,179 | €212,715 | +€18,536 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €73,235 | €64,911 | -€8,324 | -11.4% |
| Trade debts | 44 | €86,000 | €114,730 | +€28,730 | +33.4% |
| Suppliers | 440/4 | €86,000 | €114,730 | +€28,730 | +33.4% |
| Taxes, remuneration and social security | 45 | €34,325 | €33,074 | -€1,252 | -3.6% |
| Taxes | 450/3 | €34,325 | €33,074 | -€1,252 | -3.6% |
| Other amounts payable | 47/48 | €618 | €0 | -€618 | -100% |
| Other operating charges | 640/8 | €203 | €637 | +€434 | +214% |
| Gross operating margin | 9900 | €51,525 | €102,278 | +€50,753 | +98.5% |
| Operating profit (loss) | 9901 | €51,322 | €101,641 | +€50,319 | +98.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €11,333 | €9,335 | -€1,997 | -17.6% |
| Recurring financial charges | 65 | €11,333 | €9,335 | -€1,997 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €39,989 | €92,305 | +€52,316 | +131% |
| Income taxes | 67/77 | €9,997 | €23,076 | +€13,079 | +131% |
| Profit (loss) for the period | 9904 | €29,992 | €69,229 | +€39,237 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €29,992 | €69,229 | +€39,237 | +131% |
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 18 October 2026 via checked.be.