WINCO SERVICE: what changed
What changed
WINCO SERVICE
NACE 46.643, Wholesale of electrical equipment, including installation materials
filed annual accounts (NBB)
Net result for the year
€137,076
2024 · €14,435+€122,641
Equity
€433,467
2024 · €296,391+€137,076
Cash
€196,795
2024 · €161,564+€35,231
Balance sheet total
€651,371
2024 · €593,862+€57,509
Largest movements
Assets
- Tangible fixed assets +€60,220
up €60,220 (+130%), from €46,497 to €106,717
of which Furniture and vehicles: +€60,791
- Stocks and contracts -€42,400
down €42,400 (-30.9%), from €137,150 to €94,750
of which Stocks: -€35,400
- Cash +€35,231
up €35,231 (+21.8%), from €161,564 to €196,795
mainly Net result for the year (+€137,076) and Stocks and contracts (+€42,400)
Equity and liabilities
- Reserves +€137,076
up €137,076 (+49.6%), from €276,391 to €413,467
- Trade debts -€131,022
down €131,022 (-44.1%), from €296,818 to €165,797
- Debts after one year +€34,124
new in 2025: €34,124
- Current portion of long-term debt +€8,786
new in 2025: €8,786
- Tax, wage and social debts +€8,544
up €8,544 (+1,311%), from €652 to €9,196
of which Taxes: +€9,196
Income statement
- Gross operating margin +€186,163
up €186,163 (+503%), from €37,030 to €223,194
- Taxes +€51,818
up €51,818 (+297%), from €17,455 to €69,272
- Depreciation +€12,872
up €12,872 (+226%), from €5,693 to €18,566
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€14,435
Gross operating margin
+€186,163
Depreciation
-€12,872
Other operating charges
-€415
Financial income
+€1,909
Financial charges
-€326
Taxes
-€51,818
Result 2025
€137,076
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€75,876
Investment
-€83,556
Financing
+€42,911
Cash 2024
€161,564
From operations (derived)
+€75,876
Net result for the year
+€137,076
Depreciation
+€18,566
Stocks and contracts
+€42,400
Receivables within one year
+€878
Deferred charges and accrued income
-€567
Trade debts
-€131,022
Tax, wage and social debts
+€8,544
Investment (derived)
-€83,556
Investment in fixed assets (net)
-€78,756
Current investments
-€4,800
Financing
+€42,911
Debts after one year
+€34,124
Current portion of long-term debt
+€8,786
Cash 2025
€196,795
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €593,862 | €651,371 | +€57,509 | +9.7% |
| Fixed assets | 21/28 | €46,802 | €106,992 | +€60,190 | +129% |
| Tangible fixed assets | 22/27 | €46,497 | €106,717 | +€60,220 | +130% |
| Land and buildings | 22 | €23,915 | €23,187 | -€727 | -3.0% |
| Plant, machinery and equipment | 23 | €22,582 | €22,739 | +€157 | +0.7% |
| Furniture and vehicles | 24 | - | €60,791 | +€60,791 | |
| Financial fixed assets | 28 | €305 | €275 | -€30 | -9.8% |
| Current assets | 29/58 | €547,060 | €544,379 | -€2,681 | -0.5% |
| Stocks and contracts in progress | 3 | €137,150 | €94,750 | -€42,400 | -30.9% |
| Stocks | 30/36 | €130,150 | €94,750 | -€35,400 | -27.2% |
| Contracts in progress | 37 | €7,000 | - | -€7,000 | |
| Amounts receivable within one year | 40/41 | €210,793 | €209,915 | -€878 | -0.4% |
| Trade receivables | 40 | €185,536 | €184,707 | -€829 | -0.4% |
| Other amounts receivable | 41 | €25,257 | €25,208 | -€49 | -0.2% |
| Current investments | 50/53 | €36,746 | €41,546 | +€4,800 | +13.1% |
| Cash at bank and in hand | 54/58 | €161,564 | €196,795 | +€35,231 | +21.8% |
| Deferred charges and accrued income | 490/1 | €807 | €1,374 | +€567 | +70.2% |
| Total equity and liabilities | 10/49 | €593,862 | €651,371 | +€57,509 | +9.7% |
| Equity | 10/15 | €296,391 | €433,467 | +€137,076 | +46.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €276,391 | €413,467 | +€137,076 | +49.6% |
| Distributable reserves | 133 | €276,391 | €413,467 | +€137,076 | +49.6% |
| Amounts payable | 17/49 | €297,470 | €217,903 | -€79,567 | -26.7% |
| Amounts payable after more than one year | 17 | - | €34,124 | +€34,124 | |
| Financial debts | 170/4 | - | €34,124 | +€34,124 | |
| Amounts payable within one year | 42/48 | €297,470 | €183,779 | -€113,691 | -38.2% |
| Current portion of amounts payable after more than one year | 42 | - | €8,786 | +€8,786 | |
| Trade debts | 44 | €296,818 | €165,797 | -€131,022 | -44.1% |
| Suppliers | 440/4 | €296,818 | €165,797 | -€131,022 | -44.1% |
| Taxes, remuneration and social security | 45 | €652 | €9,196 | +€8,544 | +1,311% |
| Taxes | 450/3 | - | €9,196 | +€9,196 | |
| Remuneration and social security | 454/9 | €652 | - | -€652 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,693 | €18,566 | +€12,872 | +226% |
| Other operating charges | 640/8 | €528 | €943 | +€415 | +78.6% |
| Gross operating margin | 9900 | €37,030 | €223,194 | +€186,163 | +503% |
| Operating profit (loss) | 9901 | €30,809 | €203,685 | +€172,876 | +561% |
| Financial income | 75/76B | €1,396 | €3,305 | +€1,909 | +137% |
| Recurring financial income | 75 | €1,396 | €3,305 | +€1,909 | +137% |
| Financial charges | 65/66B | €315 | €642 | +€326 | +104% |
| Recurring financial charges | 65 | €315 | €578 | +€263 | +83.4% |
| Non-recurring financial charges | 66B | - | €63 | +€63 | |
| Profit (loss) for the period before taxes | 9903 | €31,890 | €206,348 | +€174,459 | +547% |
| Income taxes | 67/77 | €17,455 | €69,272 | +€51,818 | +297% |
| Profit (loss) for the period | 9904 | €14,435 | €137,076 | +€122,641 | +850% |
| Profit (loss) for the period to be appropriated | 9905 | €14,435 | €137,076 | +€122,641 | +850% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.