WIN2INVEST: 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.
WIN2INVEST
Largest movements
- Cash +€44,164
up €44,164 (+35.7%), from €123,619 to €167,783
mainly Depreciation (+€29,944) and Deferred charges and accrued income (+€19,719)
- Tangible fixed assets -€29,944
down €29,944 (-3.9%), from €774,989 to €745,045
of which Land and buildings: -€23,602
- Deferred charges and accrued income -€19,719
down €19,719 (-10.6%), from €185,473 to €165,754
- Receivables within one year -€12,024
down €12,024 (-18.5%), from €64,867 to €52,843
of which Other amounts receivable: -€11,784
- Debts after one year -€26,556
down €26,556 (-5.2%), from €511,747 to €485,191
- Profit (loss) carried forward +€12,660
up €12,660 (+3.0%), from €428,525 to €441,185
- Taxes +€4,266
up €4,266 (+1,301%), from €328 to €4,594
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.
Derived cash bridge
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 | €1,148,948 | €1,131,425 | -€17,523 | -1.5% |
| Fixed assets | 21/28 | €774,989 | €745,045 | -€29,944 | -3.9% |
| Tangible fixed assets | 22/27 | €774,989 | €745,045 | -€29,944 | -3.9% |
| Land and buildings | 22 | €750,850 | €727,248 | -€23,602 | -3.1% |
| Plant, machinery and equipment | 23 | €1,740 | €1,151 | -€589 | -33.9% |
| Furniture and vehicles | 24 | €3,199 | - | -€3,199 | |
| Other tangible fixed assets | 26 | €19,200 | €16,646 | -€2,554 | -13.3% |
| Current assets | 29/58 | €373,959 | €386,380 | +€12,421 | +3.3% |
| Amounts receivable within one year | 40/41 | €64,867 | €52,843 | -€12,024 | -18.5% |
| Trade receivables | 40 | €2,740 | €2,500 | -€240 | -8.8% |
| Other amounts receivable | 41 | €62,127 | €50,343 | -€11,784 | -19.0% |
| Cash at bank and in hand | 54/58 | €123,619 | €167,783 | +€44,164 | +35.7% |
| Deferred charges and accrued income | 490/1 | €185,473 | €165,754 | -€19,719 | -10.6% |
| Total equity and liabilities | 10/49 | €1,148,948 | €1,131,425 | -€17,523 | -1.5% |
| Equity | 10/15 | €585,805 | €598,465 | +€12,660 | +2.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €137,280 | €137,280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €137,280 | €137,280 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €135,280 | €135,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | €428,525 | €441,185 | +€12,660 | +3.0% |
| Amounts payable | 17/49 | €563,143 | €532,960 | -€30,183 | -5.4% |
| Amounts payable after more than one year | 17 | €511,747 | €485,191 | -€26,556 | -5.2% |
| Financial debts | 170/4 | €511,747 | €485,191 | -€26,556 | -5.2% |
| Amounts payable within one year | 42/48 | €46,297 | €47,769 | +€1,472 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €27,247 | €28,028 | +€781 | +2.9% |
| Trade debts | 44 | €655 | €1,629 | +€974 | +149% |
| Suppliers | 440/4 | €655 | €1,629 | +€974 | +149% |
| Taxes, remuneration and social security | 45 | €18,395 | €11,014 | -€7,381 | -40.1% |
| Taxes | 450/3 | €18,395 | €11,014 | -€7,381 | -40.1% |
| Other amounts payable | 47/48 | - | €7,098 | +€7,098 | |
| Accrued charges and deferred income | 492/3 | €5,099 | - | -€5,099 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,944 | €29,944 | = | 0.0% |
| Other operating charges | 640/8 | €14,047 | €13,780 | -€267 | -1.9% |
| Gross operating margin | 9900 | €73,199 | €73,931 | +€732 | +1.0% |
| Operating profit (loss) | 9901 | €29,208 | €30,207 | +€999 | +3.4% |
| Financial charges | 65/66B | €12,800 | €12,953 | +€153 | +1.2% |
| Recurring financial charges | 65 | €12,800 | €12,953 | +€153 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €16,408 | €17,254 | +€846 | +5.2% |
| Income taxes | 67/77 | €328 | €4,594 | +€4,266 | +1,301% |
| Profit (loss) for the period | 9904 | €16,080 | €12,660 | -€3,420 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,080 | €12,660 | -€3,420 | -21.3% |
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 17 October 2026 via checked.be.