WINANDY CONSTRUCTION: 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.
WINANDY CONSTRUCTION
Largest movements
- Cash -€234,182
down €234,182 (-58.0%), from €403,677 to €169,495
mainly Receivables within one year (-€147,014) and Contributions, distributions and other (-€140,000)
- Receivables within one year +€147,014
up €147,014 (+96.8%), from €151,922 to €298,936
of which Trade receivables: +€170,016
- Other debts -€60,000
down €60,000 (-30.0%), from €200,000 to €140,000
- Trade debts -€10,019
down €10,019 (-28.2%), from €35,477 to €25,458
- Current portion of long-term debt -€6,868
down €6,868 (-52.6%), from €13,046 to €6,178
- Gross operating margin -€61,845
down €61,845 (-20.9%), from €295,594 to €233,749
- Depreciation -€6,584
down €6,584 (-22.9%), from €28,808 to €22,224
- Financial income -€4,184
down €4,184 (-69.9%), from €5,982 to €1,799
- Financial charges -€4,112
down €4,112 (-24.2%), from €17,005 to €12,892
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 | €656,010 | €577,994 | -€78,016 | -11.9% |
| Fixed assets | 21/28 | €85,163 | €91,486 | +€6,323 | +7.4% |
| Tangible fixed assets | 22/27 | €84,678 | €91,001 | +€6,323 | +7.5% |
| Plant, machinery and equipment | 23 | €10,247 | €9,322 | -€924 | -9.0% |
| Furniture and vehicles | 24 | €4,621 | €8,283 | +€3,661 | +79.2% |
| Other tangible fixed assets | 26 | €69,809 | €73,395 | +€3,586 | +5.1% |
| Financial fixed assets | 28 | €485 | €485 | = | 0.0% |
| Current assets | 29/58 | €570,847 | €486,509 | -€84,339 | -14.8% |
| Amounts receivable within one year | 40/41 | €151,922 | €298,936 | +€147,014 | +96.8% |
| Trade receivables | 40 | €76,175 | €246,191 | +€170,016 | +223.2% |
| Other amounts receivable | 41 | €75,747 | €52,745 | -€23,002 | -30.4% |
| Cash at bank and in hand | 54/58 | €403,677 | €169,495 | -€234,182 | -58.0% |
| Deferred charges and accrued income | 490/1 | €15,248 | €18,078 | +€2,829 | +18.6% |
| Total equity and liabilities | 10/49 | €656,010 | €577,994 | -€78,016 | -11.9% |
| Equity | 10/15 | €396,073 | €400,527 | +€4,455 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,260 | €9,260 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,400 | €7,400 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €368,213 | €372,667 | +€4,455 | +1.2% |
| Amounts payable | 17/49 | €259,937 | €177,467 | -€82,470 | -31.7% |
| Amounts payable after more than one year | 17 | €2,112 | - | -€2,112 | |
| Financial debts | 170/4 | €2,112 | - | -€2,112 | |
| Amounts payable within one year | 42/48 | €257,826 | €177,467 | -€80,358 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €13,046 | €6,178 | -€6,868 | -52.6% |
| Trade debts | 44 | €35,477 | €25,458 | -€10,019 | -28.2% |
| Suppliers | 440/4 | €35,477 | €25,458 | -€10,019 | -28.2% |
| Taxes, remuneration and social security | 45 | €9,302 | €5,831 | -€3,471 | -37.3% |
| Taxes | 450/3 | €3,758 | €3,626 | -€132 | -3.5% |
| Remuneration and social security | 454/9 | €5,545 | €2,205 | -€3,339 | -60.2% |
| Other amounts payable | 47/48 | €200,000 | €140,000 | -€60,000 | -30.0% |
| Remuneration, social security and pensions | 62 | €50,550 | €52,757 | +€2,208 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,808 | €22,224 | -€6,584 | -22.9% |
| Other operating charges | 640/8 | €2,496 | €2,186 | -€311 | -12.4% |
| Gross operating margin | 9900 | €295,594 | €233,749 | -€61,845 | -20.9% |
| Operating profit (loss) | 9901 | €213,740 | €156,582 | -€57,158 | -26.7% |
| Financial income | 75/76B | €5,982 | €1,799 | -€4,184 | -69.9% |
| Recurring financial income | 75 | €5,982 | €1,799 | -€4,184 | -69.9% |
| Financial charges | 65/66B | €17,005 | €12,892 | -€4,112 | -24.2% |
| Recurring financial charges | 65 | €17,005 | €12,892 | -€4,112 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €202,718 | €145,488 | -€57,229 | -28.2% |
| Income taxes | 67/77 | €1,074 | €1,034 | -€40 | -3.7% |
| Profit (loss) for the period | 9904 | €201,644 | €144,455 | -€57,189 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €201,644 | €144,455 | -€57,189 | -28.4% |
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 8 October 2026 via checked.be.