WINDMILL: 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.
What changed
WINDMILL
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€569,222
2024 · -€257,988-€311,234
Equity
-€672,210
2024 · -€102,988-€569,222
Cash
€389,285
2024 · €356,956+€32,329
Balance sheet total
€4.4m
2024 · €5.4m-€1.0m
Largest movements
Assets
- Deferred charges and accrued income -€919,361
down €919,361 (-96.9%), from €949,211 to €29,850
- Tangible fixed assets -€236,529
down €236,529 (-8.1%), from €2.9m to €2.7m
- Receivables within one year +€76,474
up €76,474 (+21.7%), from €352,881 to €429,355
of which Trade receivables: +€70,706
- Stocks and contracts +€65,190
up €65,190 (+12.4%), from €523,718 to €588,909
Equity and liabilities
- Trade debts -€1.9m
down €1.9m (-72.1%), from €2.7m to €750,816
- Debts after one year +€1.5m
up €1.5m (+73.9%), from €2.0m to €3.5m
of which Financial debts: +€1.5m
- Profit (loss) carried forward -€569,222
down €569,222 (-220.6%), from -€257,988 to -€827,210
- Tax, wage and social debts +€54,380
up €54,380 (+28.5%), from €190,590 to €244,970
of which Remuneration and social security: +€43,127
Income statement
- Turnover +€2.1m
up €2.1m (+19.2%), from €10.7m to €12.7m
- Purchases and services +€1.2m
up €1.2m (+11.3%), from €10.6m to €11.8m
- Depreciation +€280,704
up €280,704 (+200.2%), from €140,193 to €420,896
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.
Result 2024
-€257,988
Gross operating margin
+€27,861
Staff costs
+€11,151
Depreciation
-€280,704
Other operating charges
-€6,217
Other operating items
+€40,416
Financial income
-€1,634
Financial charges
-€102,165
Taxes
+€57
Result 2025
-€569,222
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.
From operations
-€1.2m
Investment
-€164,032
Financing
+€1.4m
Cash 2024
€356,956
From operations (derived)
-€1.2m
Net result for the year
-€569,222
Depreciation
+€420,896
Stocks and contracts
-€65,190
Receivables within one year
-€76,474
Deferred charges and accrued income
+€919,361
Trade debts
-€1.9m
Tax, wage and social debts
+€54,380
Other debts
+€28,956
Accrued charges and deferred income
+€3,238
Investment (derived)
-€164,032
Investment in fixed assets (net)
-€164,032
Financing
+€1.4m
Debts after one year
+€1.5m
Current portion of long-term debt
-€46,815
Cash 2025
€389,285
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,366,979 | €4,364,746 | -€1.0m | -18.7% |
| Formation expenses | 20 | €25,730 | €38,315 | +€12,585 | +48.9% |
| Fixed assets | 21/28 | €3,158,483 | €2,889,033 | -€269,450 | -8.5% |
| Intangible fixed assets | 21 | €217,905 | €192,951 | -€24,954 | -11.5% |
| Tangible fixed assets | 22/27 | €2,931,111 | €2,694,582 | -€236,529 | -8.1% |
| Land and buildings | 22 | €1,230,426 | €1,122,684 | -€107,743 | -8.8% |
| Plant, machinery and equipment | 23 | €1,189,826 | €1,161,535 | -€28,291 | -2.4% |
| Furniture and vehicles | 24 | €510,859 | €410,363 | -€100,495 | -19.7% |
| Financial fixed assets | 28 | €9,467 | €1,500 | -€7,967 | -84.2% |
| Current assets | 29/58 | €2,182,766 | €1,437,398 | -€745,368 | -34.1% |
| Stocks and contracts in progress | 3 | €523,718 | €588,909 | +€65,190 | +12.4% |
| Stocks | 30/36 | €523,718 | €588,909 | +€65,190 | +12.4% |
| Amounts receivable within one year | 40/41 | €352,881 | €429,355 | +€76,474 | +21.7% |
| Trade receivables | 40 | €321,068 | €391,774 | +€70,706 | +22.0% |
| Other amounts receivable | 41 | €31,813 | €37,581 | +€5,768 | +18.1% |
| Cash at bank and in hand | 54/58 | €356,956 | €389,285 | +€32,329 | +9.1% |
| Deferred charges and accrued income | 490/1 | €949,211 | €29,850 | -€919,361 | -96.9% |
| Total equity and liabilities | 10/49 | €5,366,979 | €4,364,746 | -€1.0m | -18.7% |
| Equity | 10/15 | -€102,988 | -€672,210 | -€569,222 | -552.7% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Capital | 10 | €155,000 | €155,000 | = | 0.0% |
| Issued capital | 100 | €155,000 | €155,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,988 | -€827,210 | -€569,222 | -220.6% |
| Amounts payable | 17/49 | €5,469,967 | €5,036,956 | -€433,010 | -7.9% |
| Amounts payable after more than one year | 17 | €1,988,698 | €3,458,628 | +€1.5m | +73.9% |
| Financial debts | 170/4 | €1,984,898 | €3,454,828 | +€1.5m | +74.1% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,474,206 | €1,568,028 | -€1.9m | -54.9% |
| Current portion of amounts payable after more than one year | 42 | €590,102 | €543,287 | -€46,815 | -7.9% |
| Trade debts | 44 | €2,693,514 | €750,816 | -€1.9m | -72.1% |
| Suppliers | 440/4 | €2,693,514 | €750,816 | -€1.9m | -72.1% |
| Taxes, remuneration and social security | 45 | €190,590 | €244,970 | +€54,380 | +28.5% |
| Taxes | 450/3 | €2,090 | €13,342 | +€11,252 | +538.5% |
| Remuneration and social security | 454/9 | €188,501 | €231,628 | +€43,127 | +22.9% |
| Other amounts payable | 47/48 | - | €28,956 | +€28,956 | |
| Accrued charges and deferred income | 492/3 | €7,062 | €10,301 | +€3,238 | +45.9% |
| Turnover | 70 | €10,690,169 | €12,743,315 | +€2.1m | +19.2% |
| Non-recurring operating income | 76A | €964,541 | €343,329 | -€621,212 | -64.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,602,252 | €11,795,598 | +€1.2m | +11.3% |
| Remuneration, social security and pensions | 62 | €1,326,894 | €1,315,743 | -€11,151 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,193 | €420,896 | +€280,704 | +200.2% |
| Other operating charges | 640/8 | €42,782 | €48,999 | +€6,217 | +14.5% |
| Non-recurring operating charges | 66A | €51,756 | €11,340 | -€40,416 | -78.1% |
| Gross operating margin | 9900 | €1,401,831 | €1,429,692 | +€27,861 | +2.0% |
| Operating profit (loss) | 9901 | -€159,794 | -€367,287 | -€207,493 | -129.8% |
| Financial income | 75/76B | €5,605 | €3,972 | -€1,634 | -29.1% |
| Recurring financial income | 75 | €5,605 | €3,972 | -€1,634 | -29.1% |
| Financial charges | 65/66B | €103,512 | €205,677 | +€102,165 | +98.7% |
| Recurring financial charges | 65 | €103,512 | €175,863 | +€72,351 | +69.9% |
| Non-recurring financial charges | 66B | - | €29,814 | +€29,814 | |
| Profit (loss) for the period before taxes | 9903 | -€257,701 | -€568,992 | -€311,291 | -120.8% |
| Income taxes | 67/77 | €287 | €230 | -€57 | -19.9% |
| Profit (loss) for the period | 9904 | -€257,988 | -€569,222 | -€311,234 | -120.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€257,988 | -€569,222 | -€311,234 | -120.6% |
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.