WinDistributie: 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.
WinDistributie
Largest movements
- Cash -€38,414
down €38,414 (-32.7%), from €117,415 to €79,001
mainly Contributions, distributions and other (-€28,000) and Other debts (-€22,997)
- Receivables within one year +€17,891
up €17,891 (+38.1%), from €47,017 to €64,908
of which Trade receivables: +€17,891
- Intangible fixed assets +€3,732
up €3,732 (+113%), from €3,295 to €7,027
- Other debts -€22,997
down €22,997 (-21.5%), from €107,180 to €84,184
- Trade debts +€13,223
up €13,223 (+269%), from €4,911 to €18,134
- Tax, wage and social debts -€9,748
down €9,748 (-52.0%), from €18,730 to €8,982
of which Remuneration and social security: -€9,438
- Gross operating margin -€22,036
down €22,036 (-14.5%), from €151,771 to €129,735
- Staff costs +€3,087
up €3,087 (+3.4%), from €90,344 to €93,431
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 | €170,758 | €152,513 | -€18,245 | -10.7% |
| Fixed assets | 21/28 | €6,326 | €8,604 | +€2,278 | +36.0% |
| Intangible fixed assets | 21 | €3,295 | €7,027 | +€3,732 | +113% |
| Tangible fixed assets | 22/27 | €3,031 | €1,577 | -€1,454 | -48.0% |
| Plant, machinery and equipment | 23 | €485 | €288 | -€197 | -40.6% |
| Furniture and vehicles | 24 | €2,495 | €1,264 | -€1,232 | -49.4% |
| Leasing and similar rights | 25 | €51 | €25 | -€26 | -50.5% |
| Current assets | 29/58 | €164,432 | €143,909 | -€20,523 | -12.5% |
| Amounts receivable within one year | 40/41 | €47,017 | €64,908 | +€17,891 | +38.1% |
| Trade receivables | 40 | €47,017 | €64,908 | +€17,891 | +38.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €117,415 | €79,001 | -€38,414 | -32.7% |
| Total equity and liabilities | 10/49 | €170,758 | €152,513 | -€18,245 | -10.7% |
| Equity | 10/15 | €39,937 | €41,213 | +€1,277 | +3.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,532 | €20,808 | +€1,277 | +6.5% |
| Amounts payable | 17/49 | €130,821 | €111,300 | -€19,522 | -14.9% |
| Amounts payable within one year | 42/48 | €130,821 | €111,300 | -€19,522 | -14.9% |
| Trade debts | 44 | €4,911 | €18,134 | +€13,223 | +269% |
| Suppliers | 440/4 | €4,911 | €18,134 | +€13,223 | +269% |
| Taxes, remuneration and social security | 45 | €18,730 | €8,982 | -€9,748 | -52.0% |
| Taxes | 450/3 | €3,993 | €3,683 | -€310 | -7.8% |
| Remuneration and social security | 454/9 | €14,738 | €5,300 | -€9,438 | -64.0% |
| Other amounts payable | 47/48 | €107,180 | €84,184 | -€22,997 | -21.5% |
| Remuneration, social security and pensions | 62 | €90,344 | €93,431 | +€3,087 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,049 | €3,717 | +€668 | +21.9% |
| Other operating charges | 640/8 | €1,098 | €1,253 | +€155 | +14.2% |
| Gross operating margin | 9900 | €151,771 | €129,735 | -€22,036 | -14.5% |
| Operating profit (loss) | 9901 | €57,281 | €31,334 | -€25,947 | -45.3% |
| Financial income | 75/76B | €65 | €1 | -€64 | -99.2% |
| Recurring financial income | 75 | €65 | €1 | -€64 | -99.2% |
| Financial charges | 65/66B | €184 | €117 | -€67 | -36.4% |
| Recurring financial charges | 65 | €184 | €117 | -€67 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €57,162 | €31,218 | -€25,944 | -45.4% |
| Income taxes | 67/77 | €1,071 | €1,941 | +€870 | +81.2% |
| Profit (loss) for the period | 9904 | €56,091 | €29,277 | -€26,814 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,091 | €29,277 | -€26,814 | -47.8% |
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 14 October 2026 via checked.be.