WHINNE: 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.
WHINNE
Largest movements
- Receivables after one year +€34,635
new in 2025: €34,635
- Tangible fixed assets -€17,015
down €17,015 (-43.2%), from €39,415 to €22,400
of which Furniture and vehicles: -€15,969
- Stocks and contracts +€2,629
up €2,629 (+14.3%), from €18,436 to €21,065
- Profit (loss) carried forward +€19,628
up €19,628 (+6,524%), from €301 to €19,929
- Debts after one year -€16,596
down €16,596 (-52.9%), from €31,357 to €14,760
- Tax, wage and social debts +€9,350
up €9,350 (+621%), from €1,506 to €10,856
- Other debts +€4,163
up €4,163 (+16.9%), from €24,650 to €28,813
- Short-term financial debts +€3,666
new in 2025: €3,666
- Gross operating margin +€22,648
up €22,648 (+305%), from €7,418 to €30,066
- Depreciation +€6,075
up €6,075 (+258%), from €2,355 to €8,431
- Taxes +€5,421
up €5,421 (+471%), from €1,150 to €6,571
- Financial income +€1,647
up €1,647 (+13,520%), from €12 to €1,659
- Other operating charges +€882
up €882 (+57.0%), from €1,548 to €2,430
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,810 | €92,542 | +€19,733 | +27.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €39,415 | €22,400 | -€17,015 | -43.2% |
| Tangible fixed assets | 22/27 | €39,415 | €22,400 | -€17,015 | -43.2% |
| Land and buildings | 22 | €268 | €0 | -€268 | -100% |
| Plant, machinery and equipment | 23 | €1,214 | €437 | -€778 | -64.0% |
| Furniture and vehicles | 24 | €37,932 | €21,963 | -€15,969 | -42.1% |
| Current assets | 29/58 | €33,395 | €70,142 | +€36,748 | +110% |
| Amounts receivable after more than one year | 29 | - | €34,635 | +€34,635 | |
| Other amounts receivable | 291 | - | €34,635 | +€34,635 | |
| Stocks and contracts in progress | 3 | €18,436 | €21,065 | +€2,629 | +14.3% |
| Stocks | 30/36 | €18,436 | €21,065 | +€2,629 | +14.3% |
| Amounts receivable within one year | 40/41 | €11,093 | €10,577 | -€517 | -4.7% |
| Trade receivables | 40 | €10,786 | €9,808 | -€979 | -9.1% |
| Other amounts receivable | 41 | €307 | €769 | +€462 | +151% |
| Cash at bank and in hand | 54/58 | €3,865 | €3,865 | = | 0.0% |
| Total equity and liabilities | 10/49 | €72,810 | €92,542 | +€19,733 | +27.1% |
| Equity | 10/15 | €6,501 | €26,129 | +€19,628 | +302% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €301 | €19,929 | +€19,628 | +6,524% |
| Amounts payable | 17/49 | €66,309 | €66,414 | +€105 | +0.2% |
| Amounts payable after more than one year | 17 | €31,357 | €14,760 | -€16,596 | -52.9% |
| Financial debts | 170/4 | €31,357 | €14,760 | -€16,596 | -52.9% |
| Amounts payable within one year | 42/48 | €34,952 | €51,653 | +€16,701 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €6,372 | €6,094 | -€278 | -4.4% |
| Financial debts | 43 | - | €3,666 | +€3,666 | |
| Credit institutions | 430/8 | - | €3,666 | +€3,666 | |
| Trade debts | 44 | €2,424 | €2,224 | -€200 | -8.2% |
| Suppliers | 440/4 | €2,424 | €2,224 | -€200 | -8.2% |
| Taxes, remuneration and social security | 45 | €1,506 | €10,856 | +€9,350 | +621% |
| Taxes | 450/3 | €1,506 | €10,856 | +€9,350 | +621% |
| Other amounts payable | 47/48 | €24,650 | €28,813 | +€4,163 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,355 | €8,431 | +€6,075 | +258% |
| Other operating charges | 640/8 | €1,548 | €2,430 | +€882 | +57.0% |
| Gross operating margin | 9900 | €7,418 | €30,066 | +€22,648 | +305% |
| Operating profit (loss) | 9901 | €3,515 | €19,206 | +€15,691 | +446% |
| Financial income | 75/76B | €12 | €1,659 | +€1,647 | +13,520% |
| Recurring financial income | 75 | €12 | €1,659 | +€1,647 | +13,520% |
| Financial charges | 65/66B | €1,131 | €1,893 | +€762 | +67.4% |
| Recurring financial charges | 65 | €1,131 | €1,893 | +€762 | +67.4% |
| Profit (loss) for the period before taxes | 9903 | €2,396 | €18,972 | +€16,576 | +692% |
| Income taxes | 67/77 | €1,150 | €6,571 | +€5,421 | +471% |
| Profit (loss) for the period | 9904 | €1,246 | €12,401 | +€11,155 | +895% |
| Profit (loss) for the period to be appropriated | 9905 | €1,246 | €12,401 | +€11,155 | +895% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.