WINDMILL STUDIOS: 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.
WINDMILL STUDIOS
Largest movements
- Receivables within one year -€21,352
down €21,352 (-89.2%), from €23,946 to €2,594
of which Trade receivables: -€16,870
- Cash -€10,106
down €10,106 (-19.3%), from €52,407 to €42,301
mainly Contributions, distributions and other (-€62,000) and Other debts (-€16,536)
- Tangible fixed assets -€8,127
down €8,127 (-27.3%), from €29,790 to €21,663
of which Furniture and vehicles: -€9,176
- Reserves -€24,807
down €24,807 (-77.5%), from €32,018 to €7,211
- Other debts -€16,536
down €16,536 (-28.0%), from €59,055 to €42,519
- Gross operating margin -€12,044
down €12,044 (-16.1%), from €74,880 to €62,835
- Taxes -€2,442
down €2,442 (-18.9%), from €12,924 to €10,482
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 | €107,928 | €68,006 | -€39,922 | -37.0% |
| Fixed assets | 21/28 | €29,790 | €21,663 | -€8,127 | -27.3% |
| Tangible fixed assets | 22/27 | €29,790 | €21,663 | -€8,127 | -27.3% |
| Plant, machinery and equipment | 23 | €2,151 | €1,532 | -€619 | -28.8% |
| Furniture and vehicles | 24 | €20,359 | €11,182 | -€9,176 | -45.1% |
| Other tangible fixed assets | 26 | €7,281 | €8,950 | +€1,668 | +22.9% |
| Current assets | 29/58 | €78,138 | €46,343 | -€31,795 | -40.7% |
| Amounts receivable within one year | 40/41 | €23,946 | €2,594 | -€21,352 | -89.2% |
| Trade receivables | 40 | €16,870 | - | -€16,870 | |
| Other amounts receivable | 41 | €7,076 | €2,594 | -€4,482 | -63.3% |
| Cash at bank and in hand | 54/58 | €52,407 | €42,301 | -€10,106 | -19.3% |
| Deferred charges and accrued income | 490/1 | €1,785 | €1,448 | -€338 | -18.9% |
| Total equity and liabilities | 10/49 | €107,928 | €68,006 | -€39,922 | -37.0% |
| Equity | 10/15 | €35,018 | €10,211 | -€24,807 | -70.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,018 | €7,211 | -€24,807 | -77.5% |
| Distributable reserves | 133 | €32,018 | €7,211 | -€24,807 | -77.5% |
| Amounts payable | 17/49 | €72,911 | €57,795 | -€15,115 | -20.7% |
| Amounts payable within one year | 42/48 | €72,911 | €57,795 | -€15,115 | -20.7% |
| Financial debts | 43 | - | €25 | +€25 | |
| Credit institutions | 430/8 | - | €25 | +€25 | |
| Trade debts | 44 | €906 | €1,877 | +€971 | +107% |
| Suppliers | 440/4 | €906 | €1,877 | +€971 | +107% |
| Taxes, remuneration and social security | 45 | €12,950 | €13,374 | +€424 | +3.3% |
| Taxes | 450/3 | €10,750 | €11,174 | +€424 | +3.9% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €59,055 | €42,519 | -€16,536 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,859 | €14,207 | +€348 | +2.5% |
| Other operating charges | 640/8 | €1,005 | €896 | -€110 | -10.9% |
| Gross operating margin | 9900 | €74,880 | €62,835 | -€12,044 | -16.1% |
| Operating profit (loss) | 9901 | €60,015 | €47,733 | -€12,283 | -20.5% |
| Financial charges | 65/66B | €119 | €58 | -€61 | -51.4% |
| Recurring financial charges | 65 | €119 | €58 | -€61 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €59,896 | €47,675 | -€12,221 | -20.4% |
| Income taxes | 67/77 | €12,924 | €10,482 | -€2,442 | -18.9% |
| Profit (loss) for the period | 9904 | €46,972 | €37,193 | -€9,779 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,972 | €37,193 | -€9,779 | -20.8% |
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.