WINCS: 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.
WINCS
Largest movements
- Receivables within one year -€18,325
down €18,325 (-31.4%), from €58,355 to €40,030
of which Trade receivables: -€23,473
- Tangible fixed assets -€13,951
down €13,951 (-5.8%), from €238,880 to €224,929
of which Land and buildings: -€9,176
- Short-term financial debts +€41,101
up €41,101 (+333.0%), from €12,343 to €53,444
- Debts after one year -€33,220
down €33,220 (-13.2%), from €252,218 to €218,998
- Reserves -€25,000
down €25,000 (-13.5%), from €185,860 to €160,860
- Other debts +€18,303
up €18,303, from €0 to €18,303
- Trade debts -€17,877
down €17,877 (-7.6%), from €234,696 to €216,818
- Gross operating margin -€14,919
down €14,919 (-42.6%), from €35,024 to €20,105
- Depreciation -€4,226
down €4,226 (-23.3%), from €18,166 to €13,940
- Financial charges +€2,225
up €2,225 (+16.1%), from €13,807 to €16,031
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 | €731,035 | €698,589 | -€32,446 | -4.4% |
| Fixed assets | 21/28 | €238,880 | €224,929 | -€13,951 | -5.8% |
| Tangible fixed assets | 22/27 | €238,880 | €224,929 | -€13,951 | -5.8% |
| Land and buildings | 22 | €223,000 | €213,824 | -€9,176 | -4.1% |
| Plant, machinery and equipment | 23 | €6,491 | €2,799 | -€3,692 | -56.9% |
| Furniture and vehicles | 24 | €4,835 | €4,235 | -€600 | -12.4% |
| Other tangible fixed assets | 26 | €4,554 | €4,071 | -€484 | -10.6% |
| Current assets | 29/58 | €492,155 | €473,660 | -€18,495 | -3.8% |
| Stocks and contracts in progress | 3 | €384,765 | €389,789 | +€5,024 | +1.3% |
| Stocks | 30/36 | €384,765 | €389,789 | +€5,024 | +1.3% |
| Amounts receivable within one year | 40/41 | €58,355 | €40,030 | -€18,325 | -31.4% |
| Trade receivables | 40 | €56,394 | €32,921 | -€23,473 | -41.6% |
| Other amounts receivable | 41 | €1,961 | €7,110 | +€5,148 | +262.5% |
| Cash at bank and in hand | 54/58 | €10,904 | €9,373 | -€1,531 | -14.0% |
| Deferred charges and accrued income | 490/1 | €38,132 | €34,468 | -€3,664 | -9.6% |
| Total equity and liabilities | 10/49 | €731,035 | €698,589 | -€32,446 | -4.4% |
| Equity | 10/15 | €194,359 | €157,111 | -€37,248 | -19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €185,860 | €160,860 | -€25,000 | -13.5% |
| Distributable reserves | 133 | €185,860 | €160,860 | -€25,000 | -13.5% |
| Profit (loss) carried forward | 14 | -€10,102 | -€22,350 | -€12,248 | -121.2% |
| Amounts payable | 17/49 | €536,677 | €541,479 | +€4,802 | +0.9% |
| Amounts payable after more than one year | 17 | €252,218 | €218,998 | -€33,220 | -13.2% |
| Financial debts | 170/4 | €252,218 | €218,998 | -€33,220 | -13.2% |
| Amounts payable within one year | 42/48 | €284,459 | €322,481 | +€38,022 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €33,220 | €33,220 | = | 0.0% |
| Financial debts | 43 | €12,343 | €53,444 | +€41,101 | +333.0% |
| Credit institutions | 430/8 | €12,343 | €53,444 | +€41,101 | +333.0% |
| Trade debts | 44 | €234,696 | €216,818 | -€17,877 | -7.6% |
| Suppliers | 440/4 | €234,696 | €216,818 | -€17,877 | -7.6% |
| Taxes, remuneration and social security | 45 | €4,201 | €696 | -€3,505 | -83.4% |
| Taxes | 450/3 | €2,401 | €696 | -€1,705 | -71.0% |
| Remuneration and social security | 454/9 | €1,800 | €0 | -€1,800 | -100.0% |
| Other amounts payable | 47/48 | €0 | €18,303 | +€18,303 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,166 | €13,940 | -€4,226 | -23.3% |
| Other operating charges | 640/8 | €1,979 | €1,755 | -€225 | -11.3% |
| Non-recurring operating charges | 66A | - | €11 | +€11 | |
| Gross operating margin | 9900 | €35,024 | €20,105 | -€14,919 | -42.6% |
| Operating profit (loss) | 9901 | €14,879 | €4,399 | -€10,480 | -70.4% |
| Financial income | 75/76B | €31 | €0 | -€31 | -100.0% |
| Recurring financial income | 75 | €31 | €0 | -€31 | -100.0% |
| Financial charges | 65/66B | €13,807 | €16,031 | +€2,225 | +16.1% |
| Recurring financial charges | 65 | €13,807 | €16,031 | +€2,225 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €1,104 | -€11,632 | -€12,735 | |
| Income taxes | 67/77 | €796 | €616 | -€180 | -22.6% |
| Profit (loss) for the period | 9904 | €307 | -€12,248 | -€12,556 | |
| Profit (loss) for the period to be appropriated | 9905 | €307 | -€12,248 | -€12,556 |
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 4 October 2026 via checked.be.