WIN-MANAGEMENT: 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-MANAGEMENT
Largest movements
- Receivables within one year +€260,427
up €260,427 (+53.2%), from €489,817 to €750,244
of which Other amounts receivable: +€233,262
- Current investments -€79,519
down €79,519 (-8.2%), from €968,773 to €889,253
- Cash -€49,830
no longer reported in 2024 (was €49,830)
mainly Receivables within one year (-€260,427) and Other debts (-€178,267)
- Tangible fixed assets -€28,995
down €28,995 (-4.3%), from €679,759 to €650,763
of which Land and buildings: -€27,970
- Short-term financial debts +€256,948
new in 2024: €256,948
- Other debts -€178,267
down €178,267 (-97.8%), from €182,211 to €3,944
- Profit (loss) carried forward +€31,441
up €31,441 (+1.9%), from €1.6m to €1.7m
- Financial income +€54,913
up €54,913 (+454.0%), from €12,095 to €67,008
- Financial charges +€12,276
up €12,276 (+76.7%), from €15,995 to €28,272
- Gross operating margin -€8,715
down €8,715 (-25.3%), from €34,447 to €25,732
- Depreciation +€1,192
up €1,192 (+3.9%), from €30,677 to €31,869
- Other operating charges -€490
down €490 (-29.7%), from €1,648 to €1,158
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,194,330 | €2,293,343 | +€99,013 | +4.5% |
| Fixed assets | 21/28 | €679,759 | €650,763 | -€28,995 | -4.3% |
| Tangible fixed assets | 22/27 | €679,759 | €650,763 | -€28,995 | -4.3% |
| Land and buildings | 22 | €665,274 | €637,304 | -€27,970 | -4.2% |
| Plant, machinery and equipment | 23 | €7,931 | €8,470 | +€539 | +6.8% |
| Furniture and vehicles | 24 | €182 | €57 | -€125 | -68.5% |
| Other tangible fixed assets | 26 | €6,372 | €4,932 | -€1,440 | -22.6% |
| Current assets | 29/58 | €1,514,572 | €1,642,580 | +€128,008 | +8.5% |
| Stocks and contracts in progress | 3 | €5,150 | €1,480 | -€3,670 | -71.3% |
| Stocks | 30/36 | €5,150 | €1,480 | -€3,670 | -71.3% |
| Amounts receivable within one year | 40/41 | €489,817 | €750,244 | +€260,427 | +53.2% |
| Trade receivables | 40 | - | €27,165 | +€27,165 | |
| Other amounts receivable | 41 | €489,817 | €723,079 | +€233,262 | +47.6% |
| Current investments | 50/53 | €968,773 | €889,253 | -€79,519 | -8.2% |
| Cash at bank and in hand | 54/58 | €49,830 | - | -€49,830 | |
| Deferred charges and accrued income | 490/1 | €1,002 | €1,603 | +€601 | +59.9% |
| Total equity and liabilities | 10/49 | €2,194,330 | €2,293,343 | +€99,013 | +4.5% |
| Equity | 10/15 | €1,838,648 | €1,870,088 | +€31,441 | +1.7% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €200,183 | €200,183 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,669 | €59,669 | = | 0.0% |
| Distributable reserves | 133 | €140,514 | €140,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,625,465 | €1,656,906 | +€31,441 | +1.9% |
| Amounts payable | 17/49 | €355,683 | €423,255 | +€67,572 | +19.0% |
| Amounts payable after more than one year | 17 | €145,573 | €133,701 | -€11,873 | -8.2% |
| Financial debts | 170/4 | €145,573 | €133,701 | -€11,873 | -8.2% |
| Amounts payable within one year | 42/48 | €210,109 | €289,554 | +€79,445 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €11,051 | €11,873 | +€821 | +7.4% |
| Financial debts | 43 | - | €256,948 | +€256,948 | |
| Credit institutions | 430/8 | - | €256,948 | +€256,948 | |
| Trade debts | 44 | €9,713 | €9,015 | -€698 | -7.2% |
| Suppliers | 440/4 | €9,713 | €9,015 | -€698 | -7.2% |
| Taxes, remuneration and social security | 45 | €7,134 | €7,775 | +€641 | +9.0% |
| Taxes | 450/3 | €7,134 | €7,775 | +€641 | +9.0% |
| Other amounts payable | 47/48 | €182,211 | €3,944 | -€178,267 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,677 | €31,869 | +€1,192 | +3.9% |
| Other operating charges | 640/8 | €1,648 | €1,158 | -€490 | -29.7% |
| Gross operating margin | 9900 | €34,447 | €25,732 | -€8,715 | -25.3% |
| Operating profit (loss) | 9901 | €2,121 | -€7,295 | -€9,417 | |
| Financial income | 75/76B | €12,095 | €67,008 | +€54,913 | +454.0% |
| Recurring financial income | 75 | €12,095 | €67,008 | +€54,913 | +454.0% |
| Financial charges | 65/66B | €15,995 | €28,272 | +€12,276 | +76.7% |
| Recurring financial charges | 65 | €15,995 | €28,272 | +€12,276 | +76.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,779 | €31,441 | +€33,220 | |
| Income taxes | 67/77 | €142 | - | -€142 | |
| Profit (loss) for the period | 9904 | -€1,922 | €31,441 | +€33,362 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,922 | €31,441 | +€33,362 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.