WINDIGO: 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.
WINDIGO
Largest movements
- Cash +€14,415
up €14,415 (+6125.1%), from €235 to €14,651
mainly Other debts (+€21,600) and Depreciation (+€6,726)
- Receivables within one year +€6,885
new in 2025: €6,885
- Tangible fixed assets -€6,726
down €6,726 (-19.3%), from €34,815 to €28,089
of which Plant, machinery and equipment: -€6,133
- Other debts +€21,600
up €21,600 (+41.3%), from €52,262 to €73,862
- Profit (loss) carried forward -€7,186
down €7,186 (-5.5%), from -€130,616 to -€137,801
- Debts after one year -€1,751
down €1,751 (-1.9%), from €93,087 to €91,336
- Tax, wage and social debts +€1,441
new in 2025: €1,441
- Gross operating margin +€2,408
up €2,408, from -€2,107 to €301
- Financial charges +€439
up €439 (+136.4%), from €322 to €761
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 | €35,050 | €49,625 | +€14,574 | +41.6% |
| Fixed assets | 21/28 | €34,815 | €28,089 | -€6,726 | -19.3% |
| Tangible fixed assets | 22/27 | €34,815 | €28,089 | -€6,726 | -19.3% |
| Land and buildings | 22 | €18,705 | €18,113 | -€592 | -3.2% |
| Plant, machinery and equipment | 23 | €16,110 | €9,977 | -€6,133 | -38.1% |
| Current assets | 29/58 | €235 | €21,536 | +€21,300 | +9050.5% |
| Amounts receivable within one year | 40/41 | - | €6,885 | +€6,885 | |
| Trade receivables | 40 | - | €6,885 | +€6,885 | |
| Cash at bank and in hand | 54/58 | €235 | €14,651 | +€14,415 | +6125.1% |
| Total equity and liabilities | 10/49 | €35,050 | €49,625 | +€14,574 | +41.6% |
| Equity | 10/15 | -€112,016 | -€119,201 | -€7,186 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,616 | -€137,801 | -€7,186 | -5.5% |
| Amounts payable | 17/49 | €147,066 | €168,826 | +€21,760 | +14.8% |
| Amounts payable after more than one year | 17 | €93,087 | €91,336 | -€1,751 | -1.9% |
| Financial debts | 170/4 | €93,087 | €91,336 | -€1,751 | -1.9% |
| Amounts payable within one year | 42/48 | €53,979 | €77,490 | +€23,511 | +43.6% |
| Current portion of amounts payable after more than one year | 42 | €1,718 | €1,751 | +€33 | +1.9% |
| Trade debts | 44 | - | €437 | +€437 | |
| Suppliers | 440/4 | - | €437 | +€437 | |
| Taxes, remuneration and social security | 45 | - | €1,441 | +€1,441 | |
| Taxes | 450/3 | - | €1,441 | +€1,441 | |
| Other amounts payable | 47/48 | €52,262 | €73,862 | +€21,600 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,726 | €6,726 | = | 0.0% |
| Gross operating margin | 9900 | -€2,107 | €301 | +€2,408 | |
| Operating profit (loss) | 9901 | -€8,833 | -€6,425 | +€2,408 | +27.3% |
| Financial charges | 65/66B | €322 | €761 | +€439 | +136.4% |
| Recurring financial charges | 65 | €322 | €761 | +€439 | +136.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,155 | -€7,186 | +€1,969 | +21.5% |
| Profit (loss) for the period | 9904 | -€9,155 | -€7,186 | +€1,969 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,155 | -€7,186 | +€1,969 | +21.5% |
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 12 October 2026 via checked.be.