WINDEKIND: 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.
WINDEKIND
Largest movements
- Cash +€307,263
up €307,263 (+540.6%), from €56,837 to €364,100
mainly Net result for the year (+€190,213) and Receivables within one year (+€74,931)
- Receivables within one year -€74,931
down €74,931 (-80.1%), from €93,509 to €18,578
of which Other amounts receivable: -€74,752
- Profit (loss) carried forward +€190,213
up €190,213 (+37.5%), from €507,562 to €697,775
- Investment grants +€38,304
up €38,304 (+3.9%), from €988,450 to €1.0m
- Gross operating margin +€97,975
up €97,975 (+10.7%), from €912,147 to €1.0m
- Financial income -€44,490
down €44,490 (-96.8%), from €45,974 to €1,485
- Staff costs -€12,356
down €12,356 (-1.6%), from €782,831 to €770,475
- Turnover +€10,612
up €10,612 (+4.9%), from €218,267 to €228,880
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 | €1,610,956 | €1,842,068 | +€231,112 | +14.3% |
| Fixed assets | 21/28 | €1,017,509 | €1,016,618 | -€891 | -0.1% |
| Tangible fixed assets | 22/27 | €1,017,509 | €1,016,618 | -€891 | -0.1% |
| Land and buildings | 22 | €989,660 | €997,358 | +€7,697 | +0.8% |
| Plant, machinery and equipment | 23 | €2,141 | €1,830 | -€311 | -14.5% |
| Furniture and vehicles | 24 | €16,608 | €17,430 | +€822 | +4.9% |
| Assets under construction and advance payments | 27 | €9,099 | €0 | -€9,099 | -100.0% |
| Current assets | 29/58 | €593,447 | €825,450 | +€232,003 | +39.1% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €93,509 | €18,578 | -€74,931 | -80.1% |
| Trade receivables | 40 | €18,717 | €18,538 | -€179 | -1.0% |
| Other amounts receivable | 41 | €74,792 | €40 | -€74,752 | -99.9% |
| Current investments | 50/53 | €439,793 | €441,772 | +€1,979 | +0.5% |
| Cash at bank and in hand | 54/58 | €56,837 | €364,100 | +€307,263 | +540.6% |
| Deferred charges and accrued income | 490/1 | €2,308 | €0 | -€2,308 | -100.0% |
| Total equity and liabilities | 10/49 | €1,610,956 | €1,842,068 | +€231,112 | +14.3% |
| Equity | 10/15 | €1,496,037 | €1,724,554 | +€228,517 | +15.3% |
| Contributions | 10/11 | €25 | €25 | = | 0.0% |
| Capital | 10 | €25 | €25 | = | 0.0% |
| Profit (loss) carried forward | 14 | €507,562 | €697,775 | +€190,213 | +37.5% |
| Investment grants | 15 | €988,450 | €1,026,754 | +€38,304 | +3.9% |
| Amounts payable | 17/49 | €114,919 | €117,514 | +€2,595 | +2.3% |
| Amounts payable within one year | 42/48 | €114,919 | €117,514 | +€2,595 | +2.3% |
| Trade debts | 44 | €39,884 | €34,481 | -€5,403 | -13.5% |
| Suppliers | 440/4 | €39,884 | €34,481 | -€5,403 | -13.5% |
| Taxes, remuneration and social security | 45 | €67,565 | €75,613 | +€8,048 | +11.9% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €67,565 | €75,613 | +€8,048 | +11.9% |
| Turnover | 70 | €218,267 | €228,880 | +€10,612 | +4.9% |
| Non-recurring operating income | 76A | €382 | €2,651 | +€2,269 | +594.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €104,672 | €110,561 | +€5,889 | +5.6% |
| Remuneration, social security and pensions | 62 | €782,831 | €770,475 | -€12,356 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,942 | €45,704 | +€763 | +1.7% |
| Other operating charges | 640/8 | €1 | €2,576 | +€2,574 | +207608.1% |
| Non-recurring operating charges | 66A | €1,793 | €2,519 | +€726 | +40.5% |
| Gross operating margin | 9900 | €912,147 | €1,010,122 | +€97,975 | +10.7% |
| Operating profit (loss) | 9901 | €82,580 | €188,849 | +€106,269 | +128.7% |
| Financial income | 75/76B | €45,974 | €1,485 | -€44,490 | -96.8% |
| Recurring financial income | 75 | €45,974 | €1,485 | -€44,490 | -96.8% |
| Financial charges | 65/66B | €140 | €119 | -€21 | -15.0% |
| Recurring financial charges | 65 | €140 | €119 | -€21 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €128,414 | €190,214 | +€61,800 | +48.1% |
| Income taxes | 67/77 | €1,443 | €1 | -€1,442 | -99.9% |
| Profit (loss) for the period | 9904 | €126,971 | €190,213 | +€63,242 | +49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €126,971 | €190,213 | +€63,242 | +49.8% |
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 1 October 2026 via checked.be.