WIN AND WIN: 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 AND WIN
Largest movements
- Receivables within one year -€52,127
down €52,127 (-35.2%), from €148,217 to €96,090
of which Trade receivables: -€47,119
- Cash +€51,517
up €51,517 (+43.4%), from €118,601 to €170,118
mainly Net result for the year (+€132,388) and Receivables within one year (+€52,127)
- Financial fixed assets +€12,590
new in 2025: €12,590
- Deferred charges and accrued income -€5,098
down €5,098 (-71.1%), from €7,166 to €2,068
- Tangible fixed assets -€3,506
down €3,506 (-20.3%), from €17,300 to €13,794
of which Furniture and vehicles: -€2,454
- Profit (loss) carried forward +€14,741
up €14,741 (+5.6%), from €263,324 to €278,065
- Trade debts -€7,269
down €7,269 (-75.5%), from €9,627 to €2,358
- Other debts -€3,391
no longer reported in 2025 (was €3,391)
- Gross operating margin +€136,300
up €136,300 (+100.1%), from €136,166 to €272,466
- Staff costs +€95,788
new in 2025: €95,788
- Taxes +€7,327
up €7,327 (+21.6%), from €33,873 to €41,200
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 | €291,284 | €294,660 | +€3,376 | +1.2% |
| Fixed assets | 21/28 | €17,300 | €26,384 | +€9,084 | +52.5% |
| Tangible fixed assets | 22/27 | €17,300 | €13,794 | -€3,506 | -20.3% |
| Furniture and vehicles | 24 | €9,240 | €6,785 | -€2,454 | -26.6% |
| Other tangible fixed assets | 26 | €8,060 | €7,008 | -€1,052 | -13.0% |
| Financial fixed assets | 28 | - | €12,590 | +€12,590 | |
| Current assets | 29/58 | €273,984 | €268,276 | -€5,708 | -2.1% |
| Amounts receivable within one year | 40/41 | €148,217 | €96,090 | -€52,127 | -35.2% |
| Trade receivables | 40 | €117,268 | €70,149 | -€47,119 | -40.2% |
| Other amounts receivable | 41 | €30,949 | €25,941 | -€5,008 | -16.2% |
| Cash at bank and in hand | 54/58 | €118,601 | €170,118 | +€51,517 | +43.4% |
| Deferred charges and accrued income | 490/1 | €7,166 | €2,068 | -€5,098 | -71.1% |
| Total equity and liabilities | 10/49 | €291,284 | €294,660 | +€3,376 | +1.2% |
| Equity | 10/15 | €263,324 | €278,065 | +€14,741 | +5.6% |
| Profit (loss) carried forward | 14 | €263,324 | €278,065 | +€14,741 | +5.6% |
| Amounts payable | 17/49 | €27,960 | €16,594 | -€11,365 | -40.6% |
| Amounts payable within one year | 42/48 | €27,960 | €16,594 | -€11,365 | -40.6% |
| Trade debts | 44 | €9,627 | €2,358 | -€7,269 | -75.5% |
| Suppliers | 440/4 | €9,627 | €2,358 | -€7,269 | -75.5% |
| Taxes, remuneration and social security | 45 | €14,942 | €14,237 | -€705 | -4.7% |
| Taxes | 450/3 | €14,942 | €14,237 | -€705 | -4.7% |
| Other amounts payable | 47/48 | €3,391 | - | -€3,391 | |
| Remuneration, social security and pensions | 62 | - | €95,788 | +€95,788 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,830 | €3,506 | +€1,677 | +91.6% |
| Other operating charges | 640/8 | €477 | €411 | -€67 | -14.0% |
| Gross operating margin | 9900 | €136,166 | €272,466 | +€136,300 | +100.1% |
| Operating profit (loss) | 9901 | €133,859 | €172,761 | +€38,902 | +29.1% |
| Financial income | 75/76B | €369 | €906 | +€537 | +145.3% |
| Recurring financial income | 75 | €369 | €906 | +€537 | +145.3% |
| Financial charges | 65/66B | €297 | €80 | -€217 | -73.2% |
| Recurring financial charges | 65 | €297 | €80 | -€217 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €133,931 | €173,588 | +€39,657 | +29.6% |
| Income taxes | 67/77 | €33,873 | €41,200 | +€7,327 | +21.6% |
| Profit (loss) for the period | 9904 | €100,059 | €132,388 | +€32,330 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €100,059 | €132,388 | +€32,330 | +32.3% |
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 12 October 2026 via checked.be.