WINCHILL: 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.
WINCHILL
Largest movements
- Stocks and contracts -€3.2m
down €3.2m (-34.9%), from €9.3m to €6.1m
- Receivables within one year +€1.4m
up €1.4m (+130%), from €1.1m to €2.4m
- Cash -€472,391
down €472,391 (-83.3%), from €567,326 to €94,935
mainly Short-term financial debts (-€3.0m) and Receivables within one year (-€1.4m)
- Short-term financial debts -€3.0m
down €3.0m (-36.7%), from €8.1m to €5.1m
- Other debts +€815,625
up €815,625 (+100%), from €814,090 to €1.6m
- Profit (loss) carried forward -€267,246
down €267,246 (-13.1%), from €2.0m to €1.8m
- Gross operating margin -€156,920
down €156,920 (-35.3%), from €443,968 to €287,047
- Taxes -€34,216
down €34,216 (-93.2%), from €36,729 to €2,513
- Financial charges -€9,977
down €9,977 (-2.9%), from €340,747 to €330,769
- Other operating charges -€7,321
down €7,321 (-66.8%), from €10,967 to €3,646
- Staff costs -€6,289
down €6,289 (-18.4%), from €34,218 to €27,929
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 | €10,967,241 | €8,598,209 | -€2.4m | -21.6% |
| Fixed assets | 21/28 | €25,098 | €6,297 | -€18,801 | -74.9% |
| Tangible fixed assets | 22/27 | €25,098 | €6,297 | -€18,801 | -74.9% |
| Plant, machinery and equipment | 23 | €1,753 | €667 | -€1,085 | -61.9% |
| Furniture and vehicles | 24 | €23,346 | €5,630 | -€17,716 | -75.9% |
| Current assets | 29/58 | €10,942,143 | €8,591,912 | -€2.4m | -21.5% |
| Stocks and contracts in progress | 3 | €9,316,362 | €6,066,977 | -€3.2m | -34.9% |
| Stocks | 30/36 | €9,316,362 | €6,066,977 | -€3.2m | -34.9% |
| Amounts receivable within one year | 40/41 | €1,058,455 | €2,430,000 | +€1.4m | +130% |
| Other amounts receivable | 41 | €1,058,455 | €2,430,000 | +€1.4m | +130% |
| Cash at bank and in hand | 54/58 | €567,326 | €94,935 | -€472,391 | -83.3% |
| Total equity and liabilities | 10/49 | €10,967,241 | €8,598,209 | -€2.4m | -21.6% |
| Equity | 10/15 | €2,036,334 | €1,769,088 | -€267,246 | -13.1% |
| Contributions | 10/11 | €1,750 | €1,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,034,584 | €1,767,338 | -€267,246 | -13.1% |
| Amounts payable | 17/49 | €8,930,907 | €6,829,121 | -€2.1m | -23.5% |
| Amounts payable within one year | 42/48 | €8,930,907 | €6,796,952 | -€2.1m | -23.9% |
| Financial debts | 43 | €8,060,554 | €5,106,293 | -€3.0m | -36.7% |
| Credit institutions | 430/8 | €8,060,554 | €5,106,293 | -€3.0m | -36.7% |
| Trade debts | 44 | €20,399 | €58,652 | +€38,253 | +188% |
| Suppliers | 440/4 | €20,399 | €58,652 | +€38,253 | +188% |
| Taxes, remuneration and social security | 45 | €35,865 | €2,293 | -€33,572 | -93.6% |
| Taxes | 450/3 | €35,865 | €1,066 | -€34,799 | -97.0% |
| Remuneration and social security | 454/9 | - | €1,227 | +€1,227 | |
| Other amounts payable | 47/48 | €814,090 | €1,629,714 | +€815,625 | +100% |
| Accrued charges and deferred income | 492/3 | - | €32,169 | +€32,169 | |
| Non-recurring operating income | 76A | €4,884 | - | -€4,884 | |
| Remuneration, social security and pensions | 62 | €34,218 | €27,929 | -€6,289 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,803 | €5,248 | -€3,555 | -40.4% |
| Other operating charges | 640/8 | €10,967 | €3,646 | -€7,321 | -66.8% |
| Gross operating margin | 9900 | €443,968 | €287,047 | -€156,920 | -35.3% |
| Operating profit (loss) | 9901 | €389,980 | €250,224 | -€139,756 | -35.8% |
| Financial income | 75/76B | €12,053 | €12,283 | +€230 | +1.9% |
| Recurring financial income | 75 | €12,053 | €12,283 | +€230 | +1.9% |
| Financial charges | 65/66B | €340,747 | €330,769 | -€9,977 | -2.9% |
| Recurring financial charges | 65 | €340,747 | €330,769 | -€9,977 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €61,286 | -€68,262 | -€129,548 | |
| Income taxes | 67/77 | €36,729 | €2,513 | -€34,216 | -93.2% |
| Profit (loss) for the period | 9904 | €24,557 | -€70,775 | -€95,332 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,557 | -€70,775 | -€95,332 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.