WINDELS MACHINERY: 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.
WINDELS MACHINERY
Largest movements
- Cash +€775,961
up €775,961 (+3,604%), from €21,531 to €797,493
mainly Current investments (+€650,000) and Receivables within one year (+€91,191)
- Current investments -€650,000
down €650,000 (-100%), from €650,000 to €0
- Receivables within one year -€91,191
down €91,191 (-52.2%), from €174,546 to €83,354
of which Trade receivables: -€104,143
- Reserves +€59,526
up €59,526 (+8.3%), from €718,566 to €778,092
of which Distributable reserves: +€59,526
- Tax, wage and social debts -€35,986
down €35,986 (-58.7%), from €61,302 to €25,316
- Other debts +€11,899
up €11,899 (+23.8%), from €49,915 to €61,814
- Financial income -€12,428
down €12,428 (-52.9%), from €23,483 to €11,055
- Gross operating margin -€9,425
down €9,425 (-9.4%), from €100,512 to €91,087
- Taxes -€6,406
down €6,406 (-21.8%), from €29,402 to €22,996
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 | €881,447 | €917,102 | +€35,655 | +4.0% |
| Fixed assets | 21/28 | €12,459 | €7,077 | -€5,382 | -43.2% |
| Tangible fixed assets | 22/27 | €12,459 | €7,077 | -€5,382 | -43.2% |
| Furniture and vehicles | 24 | €12,459 | €7,077 | -€5,382 | -43.2% |
| Current assets | 29/58 | €868,989 | €910,025 | +€41,036 | +4.7% |
| Stocks and contracts in progress | 3 | €22,911 | €29,178 | +€6,267 | +27.4% |
| Stocks | 30/36 | €22,911 | €29,178 | +€6,267 | +27.4% |
| Amounts receivable within one year | 40/41 | €174,546 | €83,354 | -€91,191 | -52.2% |
| Trade receivables | 40 | €159,825 | €55,682 | -€104,143 | -65.2% |
| Other amounts receivable | 41 | €14,721 | €27,672 | +€12,952 | +88.0% |
| Current investments | 50/53 | €650,000 | €0 | -€650,000 | -100% |
| Cash at bank and in hand | 54/58 | €21,531 | €797,493 | +€775,961 | +3,604% |
| Total equity and liabilities | 10/49 | €881,447 | €917,102 | +€35,655 | +4.0% |
| Equity | 10/15 | €737,166 | €796,692 | +€59,526 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €718,566 | €778,092 | +€59,526 | +8.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €716,706 | €776,232 | +€59,526 | +8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €144,281 | €120,410 | -€23,871 | -16.5% |
| Amounts payable within one year | 42/48 | €141,117 | €117,511 | -€23,606 | -16.7% |
| Trade debts | 44 | €29,899 | €30,381 | +€482 | +1.6% |
| Suppliers | 440/4 | €29,899 | €30,381 | +€482 | +1.6% |
| Taxes, remuneration and social security | 45 | €61,302 | €25,316 | -€35,986 | -58.7% |
| Taxes | 450/3 | €61,302 | €25,316 | -€35,986 | -58.7% |
| Other amounts payable | 47/48 | €49,915 | €61,814 | +€11,899 | +23.8% |
| Accrued charges and deferred income | 492/3 | €3,165 | €2,899 | -€265 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,382 | €5,382 | = | 0.0% |
| Other operating charges | 640/8 | €1,880 | €1,864 | -€16 | -0.9% |
| Gross operating margin | 9900 | €100,512 | €91,087 | -€9,425 | -9.4% |
| Operating profit (loss) | 9901 | €93,250 | €83,841 | -€9,409 | -10.1% |
| Financial income | 75/76B | €23,483 | €11,055 | -€12,428 | -52.9% |
| Recurring financial income | 75 | €23,483 | €11,055 | -€12,428 | -52.9% |
| Financial charges | 65/66B | €3,372 | €3,374 | +€3 | +0.1% |
| Recurring financial charges | 65 | €3,372 | €3,374 | +€3 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €113,362 | €91,522 | -€21,840 | -19.3% |
| Income taxes | 67/77 | €29,402 | €22,996 | -€6,406 | -21.8% |
| Profit (loss) for the period | 9904 | €83,960 | €68,526 | -€15,434 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,960 | €68,526 | -€15,434 | -18.4% |
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 26 October 2026 via checked.be.