WIN²: what changed
Two fiscal 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.
WIN²
Largest movements
- Current investments -€44,814
down €44,814 (-100.0%), from €44,814 to €0
- Deferred charges and accrued income -€36,831
down €36,831 (-76.5%), from €48,139 to €11,308
- Cash +€22,718
up €22,718 (+240.2%), from €9,457 to €32,174
mainly Current investments (+€44,814) and Deferred charges and accrued income (+€36,831)
- Profit (loss) carried forward -€51,642
down €51,642 (-547.6%), from -€9,431 to -€61,074
- Other debts -€6,492
no longer reported in 2025 (was €6,492)
- Write-downs +€44,814
new in 2025: €44,814
- Staff costs +€10,797
new in 2025: €10,797
- Gross operating margin +€10,249
up €10,249 (+62.5%), from -€16,391 to -€6,142
- Other operating charges -€258
down €258 (-35.4%), from €730 to €472
- Depreciation -€252
down €252 (-100.0%), from €252 to €0
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.
Cash bridge derived
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 | €513,899 | €455,581 | -€58,318 | -11.3% |
| Fixed assets | 21/28 | €120 | €0 | -€120 | -100.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €120 | €0 | -€120 | -100.0% |
| Current assets | 29/58 | €513,779 | €455,581 | -€58,198 | -11.3% |
| Amounts receivable after more than one year | 29 | €408,344 | €408,344 | = | 0.0% |
| Other amounts receivable | 291 | €408,344 | €408,344 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,025 | €3,754 | +€729 | +24.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,025 | €3,754 | +€729 | +24.1% |
| Current investments | 50/53 | €44,814 | €0 | -€44,814 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,457 | €32,174 | +€22,718 | +240.2% |
| Deferred charges and accrued income | 490/1 | €48,139 | €11,308 | -€36,831 | -76.5% |
| Total equity and liabilities | 10/49 | €513,899 | €455,581 | -€58,318 | -11.3% |
| Equity | 10/15 | €507,078 | €455,436 | -€51,642 | -10.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €504,109 | €504,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €502,249 | €502,249 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,431 | -€61,074 | -€51,642 | -547.6% |
| Amounts payable | 17/49 | €6,821 | €145 | -€6,676 | -97.9% |
| Amounts payable within one year | 42/48 | €6,821 | €145 | -€6,676 | -97.9% |
| Trade debts | 44 | €202 | €145 | -€58 | -28.4% |
| Suppliers | 440/4 | €202 | €145 | -€58 | -28.4% |
| Taxes, remuneration and social security | 45 | €126 | - | -€126 | |
| Taxes | 450/3 | €126 | - | -€126 | |
| Other amounts payable | 47/48 | €6,492 | - | -€6,492 | |
| Non-recurring operating income | 76A | €2,818 | €95 | -€2,724 | -96.6% |
| Remuneration, social security and pensions | 62 | - | €10,797 | +€10,797 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252 | €0 | -€252 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €44,814 | +€44,814 | |
| Other operating charges | 640/8 | €730 | €472 | -€258 | -35.4% |
| Gross operating margin | 9900 | -€16,391 | -€6,142 | +€10,249 | +62.5% |
| Operating profit (loss) | 9901 | -€17,374 | -€62,224 | -€44,851 | -258.2% |
| Financial income | 75/76B | €10,617 | €10,617 | = | 0.0% |
| Recurring financial income | 75 | €10,617 | €10,617 | = | 0.0% |
| Financial charges | 65/66B | €60 | €35 | -€25 | -41.7% |
| Recurring financial charges | 65 | €60 | €35 | -€25 | -41.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,817 | -€51,642 | -€44,826 | -657.6% |
| Income taxes | 67/77 | €126 | - | -€126 | |
| Profit (loss) for the period | 9904 | -€6,943 | -€51,642 | -€44,699 | -643.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,943 | -€51,642 | -€44,699 | -643.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.