TRANS-WINKLER: 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.
TRANS-WINKLER
Largest movements
- Receivables within one year +€495,252
up €495,252 (+115%), from €430,404 to €925,657
of which Trade receivables: +€479,543
- Cash +€72,168
up €72,168 (+92.5%), from €78,014 to €150,182
mainly Trade debts (+€338,280) and Net result for the year (+€227,715)
- Tangible fixed assets -€42,689
down €42,689 (-24.1%), from €177,205 to €134,516
of which Furniture and vehicles: -€45,561
- Trade debts +€338,280
up €338,280 (+86.8%), from €389,842 to €728,122
- Other debts +€140,356
up €140,356 (+299%), from €46,890 to €187,246
- Tax, wage and social debts +€56,671
up €56,671 (+1,300%), from €4,360 to €61,030
- Profit (loss) carried forward +€52,715
up €52,715, from -€170 to €52,545
- Debts after one year -€43,563
down €43,563 (-40.3%), from €108,075 to €64,511
- Gross operating margin +€317,313
up €317,313 (+1,194%), from €26,573 to €343,885
- Taxes +€60,472
up €60,472 (+31,581%), from €191 to €60,664
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 | €685,934 | €1,210,416 | +€524,481 | +76.5% |
| Formation expenses | 20 | €311 | €62 | -€250 | -80.2% |
| Fixed assets | 21/28 | €177,205 | €134,516 | -€42,689 | -24.1% |
| Tangible fixed assets | 22/27 | €177,205 | €134,516 | -€42,689 | -24.1% |
| Plant, machinery and equipment | 23 | - | €2,872 | +€2,872 | |
| Furniture and vehicles | 24 | €177,205 | €131,644 | -€45,561 | -25.7% |
| Current assets | 29/58 | €508,418 | €1,075,838 | +€567,420 | +112% |
| Amounts receivable within one year | 40/41 | €430,404 | €925,657 | +€495,252 | +115% |
| Trade receivables | 40 | €408,059 | €887,602 | +€479,543 | +118% |
| Other amounts receivable | 41 | €22,345 | €38,054 | +€15,709 | +70.3% |
| Cash at bank and in hand | 54/58 | €78,014 | €150,182 | +€72,168 | +92.5% |
| Total equity and liabilities | 10/49 | €685,934 | €1,210,416 | +€524,481 | +76.5% |
| Equity | 10/15 | €48,227 | €100,942 | +€52,715 | +109% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,397 | €43,397 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,397 | €43,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170 | €52,545 | +€52,715 | |
| Amounts payable | 17/49 | €637,707 | €1,109,474 | +€471,767 | +74.0% |
| Amounts payable after more than one year | 17 | €108,075 | €64,511 | -€43,563 | -40.3% |
| Financial debts | 170/4 | €108,075 | €64,511 | -€43,563 | -40.3% |
| Amounts payable within one year | 42/48 | €529,632 | €1,044,962 | +€515,330 | +97.3% |
| Current portion of amounts payable after more than one year | 42 | €63,540 | €43,563 | -€19,977 | -31.4% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €389,842 | €728,122 | +€338,280 | +86.8% |
| Suppliers | 440/4 | €389,842 | €728,122 | +€338,280 | +86.8% |
| Taxes, remuneration and social security | 45 | €4,360 | €61,030 | +€56,671 | +1,300% |
| Taxes | 450/3 | €4,360 | €61,030 | +€56,671 | +1,300% |
| Other amounts payable | 47/48 | €46,890 | €187,246 | +€140,356 | +299% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,383 | €47,344 | -€2,040 | -4.1% |
| Other operating charges | 640/8 | €1,720 | €737 | -€984 | -57.2% |
| Gross operating margin | 9900 | €26,573 | €343,885 | +€317,313 | +1,194% |
| Operating profit (loss) | 9901 | -€24,531 | €295,805 | +€320,336 | |
| Financial charges | 65/66B | €6,736 | €7,426 | +€690 | +10.2% |
| Recurring financial charges | 65 | €6,736 | €7,426 | +€690 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | -€31,268 | €288,378 | +€319,646 | |
| Income taxes | 67/77 | €191 | €60,664 | +€60,472 | +31,581% |
| Profit (loss) for the period | 9904 | -€31,459 | €227,715 | +€259,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,459 | €227,715 | +€259,174 |
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 17 October 2026 via checked.be.