WINCH: 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.
WINCH
Largest movements
- Cash +€35,559
up €35,559 (+85.8%), from €41,451 to €77,009
mainly Net result for the year (+€44,547) and Other debts (+€44,305)
- Receivables within one year -€22,537
down €22,537 (-42.6%), from €52,912 to €30,375
of which Trade receivables: -€17,006
- Tangible fixed assets -€19,120
down €19,120 (-26.6%), from €71,777 to €52,658
of which Furniture and vehicles: -€15,766
- Other debts +€44,305
up €44,305 (+99.8%), from €44,397 to €88,702
- Profit (loss) carried forward -€43,203
down €43,203 (-100.0%), from €43,204 to €2
- Tax, wage and social debts -€5,056
down €5,056 (-46.9%), from €10,780 to €5,724
- Trade debts -€2,141
down €2,141 (-27.3%), from €7,845 to €5,704
- Gross operating margin +€28,615
up €28,615 (+57.9%), from €49,422 to €78,036
- Taxes +€4,516
up €4,516 (+56.8%), from €7,956 to €12,472
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 | €169,953 | €163,668 | -€6,284 | -3.7% |
| Fixed assets | 21/28 | €72,177 | €53,058 | -€19,120 | -26.5% |
| Tangible fixed assets | 22/27 | €71,777 | €52,658 | -€19,120 | -26.6% |
| Furniture and vehicles | 24 | €44,754 | €28,988 | -€15,766 | -35.2% |
| Other tangible fixed assets | 26 | €27,023 | €23,670 | -€3,354 | -12.4% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €97,775 | €110,611 | +€12,835 | +13.1% |
| Amounts receivable within one year | 40/41 | €52,912 | €30,375 | -€22,537 | -42.6% |
| Trade receivables | 40 | €47,381 | €30,375 | -€17,006 | -35.9% |
| Other amounts receivable | 41 | €5,531 | - | -€5,531 | |
| Cash at bank and in hand | 54/58 | €41,451 | €77,009 | +€35,559 | +85.8% |
| Deferred charges and accrued income | 490/1 | €3,413 | €3,226 | -€187 | -5.5% |
| Total equity and liabilities | 10/49 | €169,953 | €163,668 | -€6,284 | -3.7% |
| Equity | 10/15 | €99,404 | €56,202 | -€43,203 | -43.5% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,204 | €2 | -€43,203 | -100.0% |
| Amounts payable | 17/49 | €70,548 | €107,467 | +€36,918 | +52.3% |
| Amounts payable within one year | 42/48 | €70,048 | €107,167 | +€37,118 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €7,026 | €7,037 | +€11 | +0.2% |
| Trade debts | 44 | €7,845 | €5,704 | -€2,141 | -27.3% |
| Suppliers | 440/4 | €7,845 | €5,704 | -€2,141 | -27.3% |
| Taxes, remuneration and social security | 45 | €10,780 | €5,724 | -€5,056 | -46.9% |
| Taxes | 450/3 | €10,780 | €5,724 | -€5,056 | -46.9% |
| Other amounts payable | 47/48 | €44,397 | €88,702 | +€44,305 | +99.8% |
| Accrued charges and deferred income | 492/3 | €500 | €300 | -€200 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,315 | €19,120 | -€196 | -1.0% |
| Other operating charges | 640/8 | €853 | €900 | +€47 | +5.5% |
| Gross operating margin | 9900 | €49,422 | €78,036 | +€28,615 | +57.9% |
| Operating profit (loss) | 9901 | €29,253 | €58,017 | +€28,764 | +98.3% |
| Financial charges | 65/66B | €799 | €997 | +€198 | +24.8% |
| Recurring financial charges | 65 | €799 | €997 | +€198 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €28,454 | €57,020 | +€28,565 | +100% |
| Income taxes | 67/77 | €7,956 | €12,472 | +€4,516 | +56.8% |
| Profit (loss) for the period | 9904 | €20,498 | €44,547 | +€24,050 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €20,498 | €44,547 | +€24,050 | +117% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.