't Winterhuys: 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 Winterhuys
Largest movements
- Receivables within one year -€8,144
down €8,144 (-64.4%), from €12,640 to €4,496
of which Trade receivables: -€10,111
- Cash -€4,596
down €4,596 (-5.1%), from €90,337 to €85,742
mainly Contributions, distributions and other (-€80,000) and Investment in fixed assets (net) (-€6,092)
- Tangible fixed assets +€3,639
up €3,639 (+52.3%), from €6,959 to €10,598
of which Furniture and vehicles: +€4,858
- Profit (loss) carried forward -€16,978
down €16,978 (-21.1%), from €80,533 to €63,556
- Tax, wage and social debts +€8,130
up €8,130 (+96.0%), from €8,466 to €16,596
- Gross operating margin +€12,809
up €12,809 (+17.4%), from €73,460 to €86,269
- Taxes +€3,188
up €3,188 (+17.2%), from €18,570 to €21,759
- Depreciation +€958
up €958 (+64.0%), from €1,495 to €2,453
- Financial income +€912
up €912 (+136%), from €673 to €1,586
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 | €110,083 | €101,031 | -€9,052 | -8.2% |
| Fixed assets | 21/28 | €6,959 | €10,598 | +€3,639 | +52.3% |
| Tangible fixed assets | 22/27 | €6,959 | €10,598 | +€3,639 | +52.3% |
| Land and buildings | 22 | €3,924 | €3,500 | -€424 | -10.8% |
| Plant, machinery and equipment | 23 | €1,545 | €750 | -€794 | -51.4% |
| Furniture and vehicles | 24 | €1,490 | €6,348 | +€4,858 | +326% |
| Current assets | 29/58 | €103,123 | €90,432 | -€12,691 | -12.3% |
| Amounts receivable within one year | 40/41 | €12,640 | €4,496 | -€8,144 | -64.4% |
| Trade receivables | 40 | €10,111 | - | -€10,111 | |
| Other amounts receivable | 41 | €2,529 | €4,496 | +€1,967 | +77.8% |
| Cash at bank and in hand | 54/58 | €90,337 | €85,742 | -€4,596 | -5.1% |
| Deferred charges and accrued income | 490/1 | €146 | €195 | +€49 | +33.4% |
| Total equity and liabilities | 10/49 | €110,083 | €101,031 | -€9,052 | -8.2% |
| Equity | 10/15 | €100,993 | €84,016 | -€16,978 | -16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,533 | €63,556 | -€16,978 | -21.1% |
| Amounts payable | 17/49 | €9,089 | €17,015 | +€7,926 | +87.2% |
| Amounts payable within one year | 42/48 | €9,089 | €17,015 | +€7,926 | +87.2% |
| Trade debts | 44 | €623 | €419 | -€204 | -32.7% |
| Suppliers | 440/4 | €623 | €419 | -€204 | -32.7% |
| Taxes, remuneration and social security | 45 | €8,466 | €16,596 | +€8,130 | +96.0% |
| Taxes | 450/3 | €8,466 | €16,596 | +€8,130 | +96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,495 | €2,453 | +€958 | +64.0% |
| Other operating charges | 640/8 | €601 | €621 | +€19 | +3.2% |
| Gross operating margin | 9900 | €73,460 | €86,269 | +€12,809 | +17.4% |
| Operating profit (loss) | 9901 | €71,364 | €83,195 | +€11,832 | +16.6% |
| Financial income | 75/76B | €673 | €1,586 | +€912 | +136% |
| Recurring financial income | 75 | €673 | €1,586 | +€912 | +136% |
| Financial charges | 65/66B | €31 | - | -€31 | |
| Recurring financial charges | 65 | €31 | - | -€31 | |
| Profit (loss) for the period before taxes | 9903 | €72,006 | €84,781 | +€12,775 | +17.7% |
| Income taxes | 67/77 | €18,570 | €21,759 | +€3,188 | +17.2% |
| Profit (loss) for the period | 9904 | €53,436 | €63,022 | +€9,587 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,436 | €63,022 | +€9,587 | +17.9% |
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.