'T WINKELTJE: 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.
'T WINKELTJE
Largest movements
- Current investments +€125,000
up €125,000 (+37.4%), from €334,400 to €459,400
- Cash -€20,997
down €20,997 (-12.7%), from €165,187 to €144,190
mainly Current investments (-€125,000) and Investment in fixed assets (net) (-€6,094)
- Receivables within one year -€7,267
down €7,267 (-78.0%), from €9,319 to €2,052
- Reserves +€99,661
up €99,661 (+22.5%), from €442,833 to €542,494
- Gross operating margin +€4,313
up €4,313 (+2.9%), from €147,429 to €151,742
- Financial charges +€3,708
up €3,708 (+854%), from €434 to €4,142
- Financial income +€2,767
up €2,767 (+312%), from €888 to €3,655
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 | €546,386 | €647,485 | +€101,098 | +18.5% |
| Fixed assets | 21/28 | €4,457 | €7,368 | +€2,911 | +65.3% |
| Tangible fixed assets | 22/27 | €4,457 | €7,368 | +€2,911 | +65.3% |
| Plant, machinery and equipment | 23 | €4,058 | €7,063 | +€3,005 | +74.1% |
| Other tangible fixed assets | 26 | €399 | €305 | -€94 | -23.5% |
| Current assets | 29/58 | €541,930 | €640,117 | +€98,187 | +18.1% |
| Stocks and contracts in progress | 3 | €33,024 | €34,474 | +€1,451 | +4.4% |
| Stocks | 30/36 | €33,024 | €34,474 | +€1,451 | +4.4% |
| Amounts receivable within one year | 40/41 | €9,319 | €2,052 | -€7,267 | -78.0% |
| Trade receivables | 40 | €9,319 | €2,052 | -€7,267 | -78.0% |
| Current investments | 50/53 | €334,400 | €459,400 | +€125,000 | +37.4% |
| Cash at bank and in hand | 54/58 | €165,187 | €144,190 | -€20,997 | -12.7% |
| Total equity and liabilities | 10/49 | €546,386 | €647,485 | +€101,098 | +18.5% |
| Equity | 10/15 | €461,433 | €561,094 | +€99,661 | +21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €442,833 | €542,494 | +€99,661 | +22.5% |
| Distributable reserves | 133 | €442,833 | €542,494 | +€99,661 | +22.5% |
| Amounts payable | 17/49 | €84,953 | €86,390 | +€1,438 | +1.7% |
| Amounts payable within one year | 42/48 | €84,953 | €86,390 | +€1,438 | +1.7% |
| Trade debts | 44 | €24,574 | €25,362 | +€789 | +3.2% |
| Suppliers | 440/4 | €24,574 | €25,362 | +€789 | +3.2% |
| Taxes, remuneration and social security | 45 | €15,487 | €12,716 | -€2,771 | -17.9% |
| Taxes | 450/3 | €12,550 | €9,779 | -€2,771 | -22.1% |
| Remuneration and social security | 454/9 | €2,937 | €2,937 | = | 0.0% |
| Other amounts payable | 47/48 | €44,892 | €48,312 | +€3,420 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,385 | €3,183 | -€202 | -6.0% |
| Other operating charges | 640/8 | €934 | €1,148 | +€214 | +22.9% |
| Gross operating margin | 9900 | €147,429 | €151,742 | +€4,313 | +2.9% |
| Operating profit (loss) | 9901 | €143,110 | €147,411 | +€4,301 | +3.0% |
| Financial income | 75/76B | €888 | €3,655 | +€2,767 | +312% |
| Recurring financial income | 75 | €888 | €3,655 | +€2,767 | +312% |
| Financial charges | 65/66B | €434 | €4,142 | +€3,708 | +854% |
| Recurring financial charges | 65 | €434 | €4,142 | +€3,708 | +854% |
| Profit (loss) for the period before taxes | 9903 | €143,564 | €146,924 | +€3,361 | +2.3% |
| Income taxes | 67/77 | €46,459 | €47,264 | +€805 | +1.7% |
| Profit (loss) for the period | 9904 | €97,105 | €99,661 | +€2,556 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €97,105 | €99,661 | +€2,556 | +2.6% |
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 31 October 2026 via checked.be.