Wincon: 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.
Wincon
Largest movements
- Tangible fixed assets -€56,466
down €56,466 (-12.0%), from €472,186 to €415,719
of which Land and buildings: -€45,001
- Cash +€51,577
up €51,577 (+26.7%), from €192,961 to €244,538
mainly Depreciation (+€56,466) and Receivables within one year (+€24,789)
- Receivables within one year -€24,789
down €24,789 (-34.7%), from €71,387 to €46,598
of which Trade receivables: -€22,826
- Debts after one year -€21,239
down €21,239 (-15.6%), from €136,284 to €115,045
- Tax, wage and social debts -€20,391
down €20,391 (-81.8%), from €24,915 to €4,524
of which Taxes: -€11,454
- Other debts +€12,625
up €12,625 (+5.0%), from €250,512 to €263,138
- Trade debts -€8,807
down €8,807 (-85.1%), from €10,353 to €1,546
- Profit (loss) carried forward +€8,142
up €8,142 (+9.5%), from €85,864 to €94,006
- Gross operating margin -€88,535
down €88,535 (-36.9%), from €239,937 to €151,402
- Taxes -€13,906
down €13,906 (-76.3%), from €18,216 to €4,310
- Financial charges -€12,076
down €12,076 (-47.1%), from €25,619 to €13,543
- Staff costs -€3,422
down €3,422 (-4.8%), from €71,805 to €68,383
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 | €782,806 | €753,136 | -€29,670 | -3.8% |
| Fixed assets | 21/28 | €472,186 | €415,719 | -€56,466 | -12.0% |
| Tangible fixed assets | 22/27 | €472,186 | €415,719 | -€56,466 | -12.0% |
| Land and buildings | 22 | €430,224 | €385,222 | -€45,001 | -10.5% |
| Furniture and vehicles | 24 | €41,962 | €30,497 | -€11,465 | -27.3% |
| Current assets | 29/58 | €310,620 | €337,416 | +€26,796 | +8.6% |
| Amounts receivable within one year | 40/41 | €71,387 | €46,598 | -€24,789 | -34.7% |
| Trade receivables | 40 | €59,852 | €37,026 | -€22,826 | -38.1% |
| Other amounts receivable | 41 | €11,535 | €9,572 | -€1,963 | -17.0% |
| Current investments | 50/53 | €41,613 | €41,613 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €192,961 | €244,538 | +€51,577 | +26.7% |
| Deferred charges and accrued income | 490/1 | €4,659 | €4,668 | +€9 | +0.2% |
| Total equity and liabilities | 10/49 | €782,806 | €753,136 | -€29,670 | -3.8% |
| Equity | 10/15 | €339,502 | €347,644 | +€8,142 | +2.4% |
| Contributions | 10/11 | €79,315 | €79,315 | = | 0.0% |
| Reserves | 13 | €174,323 | €174,323 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,555 | €8,555 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,555 | €8,555 | = | 0.0% |
| Distributable reserves | 133 | €165,768 | €165,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,864 | €94,006 | +€8,142 | +9.5% |
| Amounts payable | 17/49 | €443,303 | €405,492 | -€37,812 | -8.5% |
| Amounts payable after more than one year | 17 | €136,284 | €115,045 | -€21,239 | -15.6% |
| Financial debts | 170/4 | €136,284 | €115,045 | -€21,239 | -15.6% |
| Amounts payable within one year | 42/48 | €307,019 | €290,447 | -€16,573 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €21,239 | €21,239 | = | 0.0% |
| Trade debts | 44 | €10,353 | €1,546 | -€8,807 | -85.1% |
| Suppliers | 440/4 | €10,353 | €1,546 | -€8,807 | -85.1% |
| Taxes, remuneration and social security | 45 | €24,915 | €4,524 | -€20,391 | -81.8% |
| Taxes | 450/3 | €15,978 | €4,524 | -€11,454 | -71.7% |
| Remuneration and social security | 454/9 | €8,937 | - | -€8,937 | |
| Other amounts payable | 47/48 | €250,512 | €263,138 | +€12,625 | +5.0% |
| Remuneration, social security and pensions | 62 | €71,805 | €68,383 | -€3,422 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,178 | €56,466 | -€712 | -1.2% |
| Other operating charges | 640/8 | €3,036 | €3,135 | +€99 | +3.2% |
| Gross operating margin | 9900 | €239,937 | €151,402 | -€88,535 | -36.9% |
| Operating profit (loss) | 9901 | €107,918 | €23,418 | -€84,500 | -78.3% |
| Financial income | 75/76B | €375 | €2,577 | +€2,202 | +587% |
| Recurring financial income | 75 | €375 | €2,577 | +€2,202 | +587% |
| Financial charges | 65/66B | €25,619 | €13,543 | -€12,076 | -47.1% |
| Recurring financial charges | 65 | €25,619 | €13,543 | -€12,076 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €82,674 | €12,452 | -€70,222 | -84.9% |
| Income taxes | 67/77 | €18,216 | €4,310 | -€13,906 | -76.3% |
| Profit (loss) for the period | 9904 | €64,457 | €8,142 | -€56,316 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,457 | €8,142 | -€56,316 | -87.4% |
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 16 October 2026 via checked.be.