Win Asset Management: 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.
Win Asset Management
Largest movements
- Cash +€135,926
up €135,926 (+98.0%), from €138,699 to €274,625
mainly Receivables within one year (+€117,106) and Trade debts (+€40,088)
- Receivables within one year -€117,106
down €117,106 (-43.7%), from €268,079 to €150,973
of which Trade receivables: -€119,487
- Trade debts +€40,088
up €40,088 (+43.7%), from €91,839 to €131,927
- Profit (loss) carried forward -€21,193
down €21,193 (-12.8%), from -€165,644 to -€186,837
- Tax, wage and social debts +€6,727
up €6,727 (+82.8%), from €8,125 to €14,851
of which Remuneration and social security: +€12,355
- Gross operating margin +€75,200
up €75,200 (+90.9%), from €82,697 to €157,897
- Staff costs +€50,676
up €50,676 (+61.0%), from €83,040 to €133,716
- Depreciation +€4,365
up €4,365 (+29.7%), from €14,713 to €19,078
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 | €461,274 | €486,895 | +€25,621 | +5.6% |
| Fixed assets | 21/28 | €52,398 | €57,050 | +€4,651 | +8.9% |
| Intangible fixed assets | 21 | €47,055 | €49,654 | +€2,599 | +5.5% |
| Tangible fixed assets | 22/27 | €5,344 | €7,396 | +€2,053 | +38.4% |
| Furniture and vehicles | 24 | €2,244 | €4,296 | +€2,053 | +91.5% |
| Other tangible fixed assets | 26 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €408,875 | €429,845 | +€20,970 | +5.1% |
| Amounts receivable within one year | 40/41 | €268,079 | €150,973 | -€117,106 | -43.7% |
| Trade receivables | 40 | €267,929 | €148,442 | -€119,487 | -44.6% |
| Other amounts receivable | 41 | €150 | €2,531 | +€2,381 | +1587.5% |
| Cash at bank and in hand | 54/58 | €138,699 | €274,625 | +€135,926 | +98.0% |
| Deferred charges and accrued income | 490/1 | €2,097 | €4,247 | +€2,150 | +102.5% |
| Total equity and liabilities | 10/49 | €461,274 | €486,895 | +€25,621 | +5.6% |
| Equity | 10/15 | €361,310 | €340,117 | -€21,193 | -5.9% |
| Contributions | 10/11 | €526,954 | €526,954 | = | 0.0% |
| Capital | 10 | €526,954 | €526,954 | = | 0.0% |
| Issued capital | 100 | €526,954 | €526,954 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,644 | -€186,837 | -€21,193 | -12.8% |
| Amounts payable | 17/49 | €99,963 | €146,778 | +€46,815 | +46.8% |
| Amounts payable within one year | 42/48 | €99,963 | €146,778 | +€46,815 | +46.8% |
| Trade debts | 44 | €91,839 | €131,927 | +€40,088 | +43.7% |
| Suppliers | 440/4 | €91,839 | €131,927 | +€40,088 | +43.7% |
| Taxes, remuneration and social security | 45 | €8,125 | €14,851 | +€6,727 | +82.8% |
| Taxes | 450/3 | €5,723 | €95 | -€5,628 | -98.3% |
| Remuneration and social security | 454/9 | €2,402 | €14,757 | +€12,355 | +514.3% |
| Remuneration, social security and pensions | 62 | €83,040 | €133,716 | +€50,676 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,713 | €19,078 | +€4,365 | +29.7% |
| Other operating charges | 640/8 | €560 | €620 | +€60 | +10.6% |
| Non-recurring operating charges | 66A | - | €25,000 | +€25,000 | |
| Gross operating margin | 9900 | €82,697 | €157,897 | +€75,200 | +90.9% |
| Operating profit (loss) | 9901 | -€15,615 | -€20,516 | -€4,901 | -31.4% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €667 | €688 | +€21 | +3.1% |
| Recurring financial charges | 65 | €667 | €688 | +€21 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€16,282 | -€21,193 | -€4,911 | -30.2% |
| Profit (loss) for the period | 9904 | -€16,282 | -€21,193 | -€4,911 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,282 | -€21,193 | -€4,911 | -30.2% |
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 6 October 2026 via checked.be.