WIN-ECO: 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-ECO
Largest movements
- Receivables within one year -€5,495
down €5,495 (-12.6%), from €43,666 to €38,171
of which Other amounts receivable: -€3,865
- Financial fixed assets -€3,075
no longer reported in 2025 (was €3,075)
- Cash -€2,814
down €2,814 (-4.7%), from €59,385 to €56,572
mainly Other debts (-€24,924) and Debts after one year (-€2,611)
- Tangible fixed assets -€2,350
down €2,350 (-11.6%), from €20,278 to €17,928
of which Furniture and vehicles: -€1,499
- Other debts -€24,924
down €24,924 (-70.6%), from €35,300 to €10,376
- Reserves +€9,000
up €9,000 (+73.8%), from €12,189 to €21,189
- Debts after one year -€2,611
down €2,611 (-37.2%), from €7,009 to €4,398
- Tax, wage and social debts +€2,190
up €2,190 (+21.1%), from €10,381 to €12,572
of which Taxes: +€2,057
- Trade debts +€1,783
up €1,783 (+10.1%), from €17,598 to €19,381
- Staff costs +€6,347
new in 2025: €6,347
- Financial income +€4,699
up €4,699 (+1517.2%), from €310 to €5,009
of which Non-recurring financial income: +€5,000
- Gross operating margin +€2,806
up €2,806 (+10.6%), from €26,451 to €29,256
- Other operating charges +€2,650
up €2,650 (+444.9%), from €596 to €3,246
- Financial charges +€2,045
up €2,045 (+249.8%), from €819 to €2,864
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 | €126,499 | €113,117 | -€13,383 | -10.6% |
| Fixed assets | 21/28 | €23,353 | €17,928 | -€5,425 | -23.2% |
| Tangible fixed assets | 22/27 | €20,278 | €17,928 | -€2,350 | -11.6% |
| Plant, machinery and equipment | 23 | €6,388 | €5,537 | -€851 | -13.3% |
| Furniture and vehicles | 24 | €13,890 | €12,391 | -€1,499 | -10.8% |
| Financial fixed assets | 28 | €3,075 | - | -€3,075 | |
| Current assets | 29/58 | €103,147 | €95,189 | -€7,958 | -7.7% |
| Amounts receivable within one year | 40/41 | €43,666 | €38,171 | -€5,495 | -12.6% |
| Trade receivables | 40 | €37,772 | €36,143 | -€1,629 | -4.3% |
| Other amounts receivable | 41 | €5,894 | €2,029 | -€3,865 | -65.6% |
| Cash at bank and in hand | 54/58 | €59,385 | €56,572 | -€2,814 | -4.7% |
| Deferred charges and accrued income | 490/1 | €95 | €446 | +€351 | +368.8% |
| Total equity and liabilities | 10/49 | €126,499 | €113,117 | -€13,383 | -10.6% |
| Equity | 10/15 | €53,722 | €63,779 | +€10,057 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,189 | €21,189 | +€9,000 | +73.8% |
| Non-distributable reserves | 130/1 | €12,189 | €21,189 | +€9,000 | +73.8% |
| Reserves not available under the articles | 1311 | €12,189 | €21,189 | +€9,000 | +73.8% |
| Profit (loss) carried forward | 14 | €22,933 | €23,990 | +€1,057 | +4.6% |
| Amounts payable | 17/49 | €72,777 | €49,338 | -€23,440 | -32.2% |
| Amounts payable after more than one year | 17 | €7,009 | €4,398 | -€2,611 | -37.2% |
| Financial debts | 170/4 | €7,009 | €4,398 | -€2,611 | -37.2% |
| Amounts payable within one year | 42/48 | €65,768 | €44,940 | -€20,829 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €2,489 | €2,611 | +€122 | +4.9% |
| Trade debts | 44 | €17,598 | €19,381 | +€1,783 | +10.1% |
| Suppliers | 440/4 | €17,598 | €19,381 | +€1,783 | +10.1% |
| Taxes, remuneration and social security | 45 | €10,381 | €12,572 | +€2,190 | +21.1% |
| Taxes | 450/3 | €10,381 | €12,438 | +€2,057 | +19.8% |
| Remuneration and social security | 454/9 | - | €133 | +€133 | |
| Other amounts payable | 47/48 | €35,300 | €10,376 | -€24,924 | -70.6% |
| Remuneration, social security and pensions | 62 | - | €6,347 | +€6,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,607 | €6,467 | +€859 | +15.3% |
| Other operating charges | 640/8 | €596 | €3,246 | +€2,650 | +444.9% |
| Gross operating margin | 9900 | €26,451 | €29,256 | +€2,806 | +10.6% |
| Operating profit (loss) | 9901 | €20,248 | €13,197 | -€7,051 | -34.8% |
| Financial income | 75/76B | €310 | €5,009 | +€4,699 | +1517.2% |
| Recurring financial income | 75 | €310 | €9 | -€301 | -97.1% |
| Non-recurring financial income | 76B | - | €5,000 | +€5,000 | |
| Financial charges | 65/66B | €819 | €2,864 | +€2,045 | +249.8% |
| Recurring financial charges | 65 | €819 | €2,864 | +€2,045 | +249.8% |
| Profit (loss) for the period before taxes | 9903 | €19,739 | €15,342 | -€4,397 | -22.3% |
| Income taxes | 67/77 | €6,804 | €5,285 | -€1,519 | -22.3% |
| Profit (loss) for the period | 9904 | €12,934 | €10,057 | -€2,878 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,934 | €10,057 | -€2,878 | -22.2% |
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 2 October 2026 via checked.be.