@WIN-A: 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.
@WIN-A
Largest movements
- Current investments +€251,549
up €251,549 (+59.2%), from €425,012 to €676,561
- Cash -€80,841
down €80,841 (-79.0%), from €102,328 to €21,488
mainly Contributions, distributions and other (-€423,000) and Current investments (-€251,549)
- Financial fixed assets -€64,586
down €64,586 (-16.3%), from €395,876 to €331,289
- Tangible fixed assets -€14,426
down €14,426 (-29.9%), from €48,309 to €33,883
of which Furniture and vehicles: -€13,412
- Other debts +€283,500
up €283,500 (+203.2%), from €139,500 to €423,000
- Reserves -€189,641
down €189,641 (-21.7%), from €874,098 to €684,456
- Gross operating margin +€15,246
up €15,246 (+11.1%), from €137,772 to €153,017
- Financial income +€12,479
up €12,479 (+8.5%), from €146,501 to €158,981
- Taxes +€7,364
up €7,364 (+14.5%), from €50,902 to €58,266
- Other operating charges +€3,151
up €3,151 (+122.0%), from €2,583 to €5,733
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 | €1,035,347 | €1,131,854 | +€96,507 | +9.3% |
| Fixed assets | 21/28 | €444,185 | €365,172 | -€79,012 | -17.8% |
| Tangible fixed assets | 22/27 | €48,309 | €33,883 | -€14,426 | -29.9% |
| Plant, machinery and equipment | 23 | €7,525 | €6,511 | -€1,015 | -13.5% |
| Furniture and vehicles | 24 | €40,784 | €27,372 | -€13,412 | -32.9% |
| Financial fixed assets | 28 | €395,876 | €331,289 | -€64,586 | -16.3% |
| Current assets | 29/58 | €591,162 | €766,682 | +€175,519 | +29.7% |
| Amounts receivable after more than one year | 29 | - | €5,495 | +€5,495 | |
| Other amounts receivable | 291 | - | €5,495 | +€5,495 | |
| Amounts receivable within one year | 40/41 | €61,352 | €60,922 | -€430 | -0.7% |
| Trade receivables | 40 | €18,787 | €24,273 | +€5,487 | +29.2% |
| Other amounts receivable | 41 | €42,565 | €36,649 | -€5,917 | -13.9% |
| Current investments | 50/53 | €425,012 | €676,561 | +€251,549 | +59.2% |
| Cash at bank and in hand | 54/58 | €102,328 | €21,488 | -€80,841 | -79.0% |
| Deferred charges and accrued income | 490/1 | €2,470 | €2,215 | -€255 | -10.3% |
| Total equity and liabilities | 10/49 | €1,035,347 | €1,131,854 | +€96,507 | +9.3% |
| Equity | 10/15 | €894,098 | €704,456 | -€189,641 | -21.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €874,098 | €684,456 | -€189,641 | -21.7% |
| Distributable reserves | 133 | €874,098 | €684,456 | -€189,641 | -21.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €141,249 | €427,397 | +€286,148 | +202.6% |
| Amounts payable within one year | 42/48 | €140,524 | €426,648 | +€286,125 | +203.6% |
| Trade debts | 44 | €122 | €0 | -€122 | -100.0% |
| Suppliers | 440/4 | €122 | €0 | -€122 | -100.0% |
| Taxes, remuneration and social security | 45 | €902 | €3,648 | +€2,746 | +304.4% |
| Taxes | 450/3 | €902 | €3,648 | +€2,746 | +304.4% |
| Other amounts payable | 47/48 | €139,500 | €423,000 | +€283,500 | +203.2% |
| Accrued charges and deferred income | 492/3 | €726 | €749 | +€23 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,426 | €14,426 | = | 0.0% |
| Other operating charges | 640/8 | €2,583 | €5,733 | +€3,151 | +122.0% |
| Gross operating margin | 9900 | €137,772 | €153,017 | +€15,246 | +11.1% |
| Operating profit (loss) | 9901 | €120,763 | €132,858 | +€12,095 | +10.0% |
| Financial income | 75/76B | €146,501 | €158,981 | +€12,479 | +8.5% |
| Recurring financial income | 75 | €146,501 | €158,981 | +€12,479 | +8.5% |
| Financial charges | 65/66B | €136 | €214 | +€78 | +57.7% |
| Recurring financial charges | 65 | €136 | €214 | +€78 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €267,129 | €291,625 | +€24,496 | +9.2% |
| Income taxes | 67/77 | €50,902 | €58,266 | +€7,364 | +14.5% |
| Profit (loss) for the period | 9904 | €216,226 | €233,359 | +€17,132 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €216,226 | €233,359 | +€17,132 | +7.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.