WINCO: 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.
WINCO
Largest movements
- Receivables within one year -€43,363
down €43,363 (-20.8%), from €208,639 to €165,276
of which Other amounts receivable: -€62,091
- Cash -€38,291
down €38,291 (-56.1%), from €68,313 to €30,022
mainly Other debts (-€78,000) and Trade debts (-€16,221)
- Tangible fixed assets +€7,949
up €7,949 (+102.9%), from €7,722 to €15,671
of which Furniture and vehicles: +€5,051
- Other debts -€78,000
no longer reported in 2025 (was €78,000)
- Reserves +€24,693
up €24,693 (+88.5%), from €27,897 to €52,590
of which Distributable reserves: +€24,693
- Trade debts -€16,221
down €16,221 (-47.5%), from €34,164 to €17,943
- Tax, wage and social debts -€7,005
down €7,005 (-99.6%), from €7,032 to €27
- Gross operating margin -€64,250
down €64,250 (-63.2%), from €101,739 to €37,489
- Taxes -€13,917
down €13,917 (-51.7%), from €26,944 to €13,027
- Financial income -€2,691
down €2,691 (-29.9%), from €8,999 to €6,308
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 | €293,304 | €216,771 | -€76,533 | -26.1% |
| Fixed assets | 21/28 | €7,747 | €15,696 | +€7,949 | +102.6% |
| Tangible fixed assets | 22/27 | €7,722 | €15,671 | +€7,949 | +102.9% |
| Plant, machinery and equipment | 23 | €1,614 | €4,512 | +€2,898 | +179.5% |
| Furniture and vehicles | 24 | €6,108 | €11,159 | +€5,051 | +82.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €285,557 | €201,075 | -€84,482 | -29.6% |
| Stocks and contracts in progress | 3 | €4,285 | €4,035 | -€251 | -5.9% |
| Stocks | 30/36 | €4,285 | €4,035 | -€251 | -5.9% |
| Amounts receivable within one year | 40/41 | €208,639 | €165,276 | -€43,363 | -20.8% |
| Trade receivables | 40 | €39,701 | €58,429 | +€18,728 | +47.2% |
| Other amounts receivable | 41 | €168,938 | €106,848 | -€62,091 | -36.8% |
| Cash at bank and in hand | 54/58 | €68,313 | €30,022 | -€38,291 | -56.1% |
| Deferred charges and accrued income | 490/1 | €4,320 | €1,743 | -€2,577 | -59.7% |
| Total equity and liabilities | 10/49 | €293,304 | €216,771 | -€76,533 | -26.1% |
| Equity | 10/15 | €174,108 | €198,801 | +€24,693 | +14.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €27,897 | €52,590 | +€24,693 | +88.5% |
| Non-distributable reserves | 130/1 | €11,621 | €11,621 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,421 | €5,421 | = | 0.0% |
| Distributable reserves | 133 | €16,275 | €40,968 | +€24,693 | +151.7% |
| Profit (loss) carried forward | 14 | €84,211 | €84,211 | = | 0.0% |
| Amounts payable | 17/49 | €119,196 | €17,970 | -€101,226 | -84.9% |
| Amounts payable within one year | 42/48 | €119,196 | €17,970 | -€101,226 | -84.9% |
| Trade debts | 44 | €34,164 | €17,943 | -€16,221 | -47.5% |
| Suppliers | 440/4 | €34,164 | €17,943 | -€16,221 | -47.5% |
| Taxes, remuneration and social security | 45 | €7,032 | €27 | -€7,005 | -99.6% |
| Taxes | 450/3 | €7,032 | €27 | -€7,005 | -99.6% |
| Other amounts payable | 47/48 | €78,000 | - | -€78,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,002 | €3,788 | +€787 | +26.2% |
| Other operating charges | 640/8 | €1,055 | €1,579 | +€524 | +49.6% |
| Gross operating margin | 9900 | €101,739 | €37,489 | -€64,250 | -63.2% |
| Operating profit (loss) | 9901 | €97,682 | €32,122 | -€65,560 | -67.1% |
| Financial income | 75/76B | €8,999 | €6,308 | -€2,691 | -29.9% |
| Recurring financial income | 75 | €8,999 | €6,308 | -€2,691 | -29.9% |
| Financial charges | 65/66B | €1,176 | €709 | -€467 | -39.7% |
| Recurring financial charges | 65 | €1,176 | €709 | -€467 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €105,505 | €37,720 | -€67,784 | -64.2% |
| Income taxes | 67/77 | €26,944 | €13,027 | -€13,917 | -51.7% |
| Profit (loss) for the period | 9904 | €78,560 | €24,693 | -€53,867 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,560 | €24,693 | -€53,867 | -68.6% |
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.