VAN WINCKEL - FREDERICKX: what changed
VAN WINCKEL - FREDERICKX
Largest movements
- Cash -€25,507
down €25,507 (-8.7%), from €291,842 to €266,334
mainly Net result for the year (-€19,801) and Trade debts (-€4,522)
- Reserves -€19,801
down €19,801 (-11.4%), from €173,429 to €153,628
of which Distributable reserves: -€19,801
- Trade debts -€4,522
down €4,522 (-78.3%), from €5,777 to €1,255
- Tax, wage and social debts -€3,963
down €3,963 (-50.6%), from €7,834 to €3,870
of which Remuneration and social security: -€5,207
- Other debts +€3,241
up €3,241 (+4.8%), from €67,161 to €70,403
- Staff costs -€27,436
down €27,436 (-67.2%), from €40,838 to €13,402
- Gross operating margin -€13,912
down €13,912, from €12,788 to -€1,124
- Other operating charges -€427
down €427 (-49.7%), from €859 to €433
- Financial charges -€358
down €358 (-6.9%), from €5,200 to €4,843
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €292,870 | €267,825 | -€25,045 | -8.6% |
| Current assets | 29/58 | €292,870 | €267,825 | -€25,045 | -8.6% |
| Amounts receivable within one year | 40/41 | €32 | €487 | +€455 | +1,413% |
| Other amounts receivable | 41 | €32 | €487 | +€455 | +1,413% |
| Cash at bank and in hand | 54/58 | €291,842 | €266,334 | -€25,507 | -8.7% |
| Deferred charges and accrued income | 490/1 | €996 | €1,004 | +€8 | +0.8% |
| Total equity and liabilities | 10/49 | €292,870 | €267,825 | -€25,045 | -8.6% |
| Equity | 10/15 | €193,260 | €173,459 | -€19,801 | -10.2% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €173,429 | €153,628 | -€19,801 | -11.4% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Distributable reserves | 133 | €171,446 | €151,645 | -€19,801 | -11.5% |
| Provisions and deferred taxes | 16 | €18,838 | €18,838 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,838 | €18,838 | = | 0.0% |
| Pensions and similar obligations | 160 | €18,838 | €18,838 | = | 0.0% |
| Amounts payable | 17/49 | €80,772 | €75,528 | -€5,244 | -6.5% |
| Amounts payable within one year | 42/48 | €80,772 | €75,528 | -€5,244 | -6.5% |
| Trade debts | 44 | €5,777 | €1,255 | -€4,522 | -78.3% |
| Suppliers | 440/4 | €5,777 | €1,255 | -€4,522 | -78.3% |
| Taxes, remuneration and social security | 45 | €7,834 | €3,870 | -€3,963 | -50.6% |
| Taxes | 450/3 | €1,648 | €2,892 | +€1,244 | +75.5% |
| Remuneration and social security | 454/9 | €6,186 | €979 | -€5,207 | -84.2% |
| Other amounts payable | 47/48 | €67,161 | €70,403 | +€3,241 | +4.8% |
| Remuneration, social security and pensions | 62 | €40,838 | €13,402 | -€27,436 | -67.2% |
| Other operating charges | 640/8 | €859 | €433 | -€427 | -49.7% |
| Gross operating margin | 9900 | €12,788 | -€1,124 | -€13,912 | |
| Operating profit (loss) | 9901 | -€28,909 | -€14,959 | +€13,951 | +48.3% |
| Financial charges | 65/66B | €5,200 | €4,843 | -€358 | -6.9% |
| Recurring financial charges | 65 | €5,200 | €4,843 | -€358 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,109 | -€19,801 | +€14,308 | +41.9% |
| Profit (loss) for the period | 9904 | -€34,109 | -€19,801 | +€14,308 | +41.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,109 | -€19,801 | +€14,308 | +41.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.