WINCOACH: 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.
WINCOACH
Largest movements
- Tangible fixed assets -€11,840
down €11,840 (-31.3%), from €37,785 to €25,945
of which Land and buildings: -€9,837
- Receivables within one year -€11,689
down €11,689 (-44.2%), from €26,434 to €14,745
of which Other amounts receivable: -€18,734
- Cash +€1,296
up €1,296 (+3.3%), from €38,763 to €40,059
mainly Net result for the year (+€12,232) and Depreciation (+€11,840)
- Debts after one year -€15,057
down €15,057 (-33.5%), from €45,007 to €29,951
- Reserves -€13,216
down €13,216 (-33.1%), from €39,926 to €26,709
- Other debts +€6,430
new in 2025: €6,430
- Trade debts -€1,343
down €1,343 (-12.2%), from €11,050 to €9,708
- Gross operating margin -€3,640
down €3,640 (-8.5%), from €42,926 to €39,286
- Depreciation -€3,312
down €3,312 (-21.9%), from €15,153 to €11,840
- Financial charges +€1,477
up €1,477 (+34.5%), from €4,279 to €5,756
- Other operating charges -€740
down €740 (-19.5%), from €3,800 to €3,060
- Financial income -€654
down €654 (-75.6%), from €865 to €211
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 | €104,704 | €82,492 | -€22,212 | -21.2% |
| Fixed assets | 21/28 | €37,785 | €25,945 | -€11,840 | -31.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €37,785 | €25,945 | -€11,840 | -31.3% |
| Land and buildings | 22 | €27,937 | €18,099 | -€9,837 | -35.2% |
| Plant, machinery and equipment | 23 | €9,613 | €7,846 | -€1,767 | -18.4% |
| Furniture and vehicles | 24 | €236 | €0 | -€236 | -100% |
| Current assets | 29/58 | €66,919 | €56,547 | -€10,372 | -15.5% |
| Amounts receivable within one year | 40/41 | €26,434 | €14,745 | -€11,689 | -44.2% |
| Trade receivables | 40 | €7,284 | €14,330 | +€7,045 | +96.7% |
| Other amounts receivable | 41 | €19,150 | €415 | -€18,734 | -97.8% |
| Cash at bank and in hand | 54/58 | €38,763 | €40,059 | +€1,296 | +3.3% |
| Deferred charges and accrued income | 490/1 | €1,721 | €1,742 | +€21 | +1.2% |
| Total equity and liabilities | 10/49 | €104,704 | €82,492 | -€22,212 | -21.2% |
| Equity | 10/15 | €29,476 | €16,259 | -€13,216 | -44.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,926 | €26,709 | -€13,216 | -33.1% |
| Distributable reserves | 133 | €39,926 | €26,709 | -€13,216 | -33.1% |
| Profit (loss) carried forward | 14 | -€29,050 | -€29,050 | = | 0.0% |
| Amounts payable | 17/49 | €75,228 | €66,233 | -€8,996 | -12.0% |
| Amounts payable after more than one year | 17 | €45,007 | €29,951 | -€15,057 | -33.5% |
| Financial debts | 170/4 | €45,007 | €29,951 | -€15,057 | -33.5% |
| Amounts payable within one year | 42/48 | €29,301 | €35,282 | +€5,981 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €14,217 | €15,057 | +€839 | +5.9% |
| Trade debts | 44 | €11,050 | €9,708 | -€1,343 | -12.2% |
| Suppliers | 440/4 | €11,050 | €9,708 | -€1,343 | -12.2% |
| Advances received on contracts in progress | 46 | €650 | €650 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,383 | €3,438 | +€55 | +1.6% |
| Taxes | 450/3 | €3,383 | €3,438 | +€55 | +1.6% |
| Other amounts payable | 47/48 | - | €6,430 | +€6,430 | |
| Accrued charges and deferred income | 492/3 | €920 | €1,000 | +€80 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,153 | €11,840 | -€3,312 | -21.9% |
| Other operating charges | 640/8 | €3,800 | €3,060 | -€740 | -19.5% |
| Gross operating margin | 9900 | €42,926 | €39,286 | -€3,640 | -8.5% |
| Operating profit (loss) | 9901 | €23,973 | €24,385 | +€412 | +1.7% |
| Financial income | 75/76B | €865 | €211 | -€654 | -75.6% |
| Recurring financial income | 75 | €865 | €211 | -€654 | -75.6% |
| Financial charges | 65/66B | €4,279 | €5,756 | +€1,477 | +34.5% |
| Recurring financial charges | 65 | €4,279 | €5,756 | +€1,477 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €20,560 | €18,840 | -€1,719 | -8.4% |
| Income taxes | 67/77 | €6,083 | €6,608 | +€526 | +8.6% |
| Profit (loss) for the period | 9904 | €14,477 | €12,232 | -€2,245 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,477 | €12,232 | -€2,245 | -15.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.