WINAFISC: 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.
WINAFISC
Largest movements
- Tangible fixed assets +€119,724
up €119,724 (+18.4%), from €651,731 to €771,455
of which Land and buildings: +€119,803
- Receivables within one year -€52,850
down €52,850 (-14.1%), from €375,734 to €322,884
of which Other amounts receivable: -€62,033
- Deferred charges and accrued income +€24,095
up €24,095 (+272.0%), from €8,860 to €32,955
- Current investments +€15,497
up €15,497 (+20.8%), from €74,477 to €89,974
- Reserves +€55,569
up €55,569 (+14.4%), from €385,279 to €440,848
of which Distributable reserves: +€55,569
- Debts after one year -€47,144
down €47,144 (-6.4%), from €737,413 to €690,269
- Advances received +€40,000
new in 2025: €40,000
- Tax, wage and social debts +€29,069
up €29,069 (+203.5%), from €14,284 to €43,353
of which Taxes: +€33,410
- Current portion of long-term debt +€28,079
up €28,079 (+84.3%), from €33,314 to €61,393
- Gross operating margin +€59,455
up €59,455 (+97.0%), from €61,319 to €120,774
- Taxes +€13,838
up €13,838 (+107.6%), from €12,865 to €26,703
- Financial charges +€10,595
up €10,595 (+79.2%), from €13,376 to €23,971
- Financial income +€7,054
up €7,054 (+36.4%), from €19,370 to €26,424
- Other operating charges +€5,067
up €5,067 (+154.5%), from €3,279 to €8,347
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 | €1,340,294 | €1,443,518 | +€103,224 | +7.7% |
| Fixed assets | 21/28 | €651,731 | €771,455 | +€119,724 | +18.4% |
| Tangible fixed assets | 22/27 | €651,731 | €771,455 | +€119,724 | +18.4% |
| Land and buildings | 22 | €640,687 | €760,490 | +€119,803 | +18.7% |
| Furniture and vehicles | 24 | €11,044 | €10,965 | -€79 | -0.7% |
| Current assets | 29/58 | €688,562 | €672,063 | -€16,500 | -2.4% |
| Amounts receivable after more than one year | 29 | €140,628 | €149,418 | +€8,789 | +6.2% |
| Other amounts receivable | 291 | €140,628 | €149,418 | +€8,789 | +6.2% |
| Amounts receivable within one year | 40/41 | €375,734 | €322,884 | -€52,850 | -14.1% |
| Trade receivables | 40 | €30,744 | €39,927 | +€9,182 | +29.9% |
| Other amounts receivable | 41 | €344,990 | €282,957 | -€62,033 | -18.0% |
| Current investments | 50/53 | €74,477 | €89,974 | +€15,497 | +20.8% |
| Cash at bank and in hand | 54/58 | €88,863 | €76,832 | -€12,031 | -13.5% |
| Deferred charges and accrued income | 490/1 | €8,860 | €32,955 | +€24,095 | +272.0% |
| Total equity and liabilities | 10/49 | €1,340,294 | €1,443,518 | +€103,224 | +7.7% |
| Equity | 10/15 | €545,111 | €600,680 | +€55,569 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €385,279 | €440,848 | +€55,569 | +14.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €383,420 | €438,989 | +€55,569 | +14.5% |
| Profit (loss) carried forward | 14 | €153,632 | €153,632 | = | 0.0% |
| Amounts payable | 17/49 | €795,182 | €842,838 | +€47,656 | +6.0% |
| Amounts payable after more than one year | 17 | €737,413 | €690,269 | -€47,144 | -6.4% |
| Financial debts | 170/4 | €737,413 | €690,269 | -€47,144 | -6.4% |
| Amounts payable within one year | 42/48 | €57,770 | €152,569 | +€94,799 | +164.1% |
| Current portion of amounts payable after more than one year | 42 | €33,314 | €61,393 | +€28,079 | +84.3% |
| Financial debts | 43 | €1,180 | €1,224 | +€44 | +3.7% |
| Credit institutions | 430/8 | €1,180 | €1,224 | +€44 | +3.7% |
| Trade debts | 44 | €8,991 | €6,598 | -€2,392 | -26.6% |
| Suppliers | 440/4 | €8,991 | €6,598 | -€2,392 | -26.6% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | €14,284 | €43,353 | +€29,069 | +203.5% |
| Taxes | 450/3 | €9,943 | €43,353 | +€33,410 | +336.0% |
| Remuneration and social security | 454/9 | €4,341 | - | -€4,341 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,927 | €32,608 | +€681 | +2.1% |
| Other operating charges | 640/8 | €3,279 | €8,347 | +€5,067 | +154.5% |
| Gross operating margin | 9900 | €61,319 | €120,774 | +€59,455 | +97.0% |
| Operating profit (loss) | 9901 | €26,113 | €79,819 | +€53,707 | +205.7% |
| Financial income | 75/76B | €19,370 | €26,424 | +€7,054 | +36.4% |
| Recurring financial income | 75 | €19,370 | €26,424 | +€7,054 | +36.4% |
| Financial charges | 65/66B | €13,376 | €23,971 | +€10,595 | +79.2% |
| Recurring financial charges | 65 | €13,376 | €23,971 | +€10,595 | +79.2% |
| Profit (loss) for the period before taxes | 9903 | €32,107 | €82,272 | +€50,165 | +156.2% |
| Income taxes | 67/77 | €12,865 | €26,703 | +€13,838 | +107.6% |
| Profit (loss) for the period | 9904 | €19,242 | €55,569 | +€36,327 | +188.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,242 | €55,569 | +€36,327 | +188.8% |
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 7 October 2026 via checked.be.