#TeamWinnelinckx BV: 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.
#TeamWinnelinckx BV
Largest movements
- Receivables within one year -€35,381
down €35,381 (-57.6%), from €61,438 to €26,057
of which Trade receivables: -€37,229
- Cash -€12,832
down €12,832 (-39.2%), from €32,746 to €19,915
mainly Trade debts (-€21,644) and Net result for the year (-€17,614)
- Tangible fixed assets -€3,694
down €3,694 (-42.1%), from €8,782 to €5,088
of which Furniture and vehicles: -€3,355
- Trade debts -€21,644
down €21,644 (-66.2%), from €32,674 to €11,030
- Profit (loss) carried forward -€17,614
new in 2025: -€17,614
- Tax, wage and social debts -€11,984
down €11,984 (-29.1%), from €41,119 to €29,135
- Gross operating margin -€45,147
down €45,147, from €40,235 to -€4,912
- Taxes -€14,470
down €14,470 (-93.5%), from €15,478 to €1,008
- Financial charges +€954
up €954 (+23.0%), from €4,155 to €5,109
- Depreciation -€821
down €821 (-18.2%), from €4,515 to €3,694
- Other operating charges -€737
down €737 (-28.2%), from €2,611 to €1,873
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 | €123,136 | €71,416 | -€51,720 | -42.0% |
| Fixed assets | 21/28 | €11,501 | €7,807 | -€3,694 | -32.1% |
| Tangible fixed assets | 22/27 | €8,782 | €5,088 | -€3,694 | -42.1% |
| Plant, machinery and equipment | 23 | €992 | €653 | -€339 | -34.2% |
| Furniture and vehicles | 24 | €7,789 | €4,434 | -€3,355 | -43.1% |
| Financial fixed assets | 28 | €2,720 | €2,720 | = | 0.0% |
| Current assets | 29/58 | €111,635 | €63,608 | -€48,026 | -43.0% |
| Stocks and contracts in progress | 3 | €17,121 | €17,121 | = | 0.0% |
| Stocks | 30/36 | €17,121 | €17,121 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,438 | €26,057 | -€35,381 | -57.6% |
| Trade receivables | 40 | €57,886 | €20,656 | -€37,229 | -64.3% |
| Other amounts receivable | 41 | €3,552 | €5,401 | +€1,848 | +52.0% |
| Cash at bank and in hand | 54/58 | €32,746 | €19,915 | -€12,832 | -39.2% |
| Deferred charges and accrued income | 490/1 | €329 | €515 | +€186 | +56.5% |
| Total equity and liabilities | 10/49 | €123,136 | €71,416 | -€51,720 | -42.0% |
| Equity | 10/15 | €38,864 | €21,250 | -€17,614 | -45.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €36,864 | €36,864 | = | 0.0% |
| Distributable reserves | 133 | €36,864 | €36,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€17,614 | -€17,614 | |
| Amounts payable | 17/49 | €84,272 | €50,166 | -€34,106 | -40.5% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,272 | €40,166 | -€34,106 | -45.9% |
| Trade debts | 44 | €32,674 | €11,030 | -€21,644 | -66.2% |
| Suppliers | 440/4 | €32,674 | €11,030 | -€21,644 | -66.2% |
| Taxes, remuneration and social security | 45 | €41,119 | €29,135 | -€11,984 | -29.1% |
| Taxes | 450/3 | €41,119 | €29,135 | -€11,984 | -29.1% |
| Other amounts payable | 47/48 | €479 | - | -€479 | |
| Non-recurring operating income | 76A | €2,227 | €7,231 | +€5,004 | +225% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,515 | €3,694 | -€821 | -18.2% |
| Other operating charges | 640/8 | €2,611 | €1,873 | -€737 | -28.2% |
| Non-recurring operating charges | 66A | - | €1,159 | +€1,159 | |
| Gross operating margin | 9900 | €40,235 | -€4,912 | -€45,147 | |
| Operating profit (loss) | 9901 | €33,110 | -€11,639 | -€44,748 | |
| Financial income | 75/76B | - | €141 | +€141 | |
| Recurring financial income | 75 | - | €141 | +€141 | |
| Financial charges | 65/66B | €4,155 | €5,109 | +€954 | +23.0% |
| Recurring financial charges | 65 | €4,155 | €5,109 | +€954 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €28,955 | -€16,606 | -€45,561 | |
| Income taxes | 67/77 | €15,478 | €1,008 | -€14,470 | -93.5% |
| Profit (loss) for the period | 9904 | €13,477 | -€17,614 | -€31,091 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,477 | -€17,614 | -€31,091 |
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.