WINDOMAS: 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.
WINDOMAS
Largest movements
- Receivables within one year +€217,831
up €217,831 (+54.5%), from €399,594 to €617,425
of which Trade receivables: +€199,730
- Cash -€59,594
down €59,594 (-15.5%), from €385,364 to €325,770
mainly Receivables within one year (-€217,831) and Contributions, distributions and other (-€108,306)
- Stocks and contracts +€38,772
up €38,772 (+44.9%), from €86,294 to €125,065
- Receivables after one year +€32,500
up €32,500 (+81.3%), from €40,000 to €72,500
- Reserves +€126,793
up €126,793 (+13.6%), from €932,023 to €1.1m
of which Distributable reserves: +€126,793
- Other debts +€60,806
up €60,806 (+128%), from €47,500 to €108,306
- Trade debts +€57,710
up €57,710 (+42.0%), from €137,455 to €195,165
- Debts after one year -€24,081
down €24,081 (-61.2%), from €39,327 to €15,246
- Gross operating margin +€50,951
up €50,951 (+16.2%), from €315,209 to €366,160
- Taxes +€14,455
up €14,455 (+15.7%), from €91,904 to €106,358
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 | €1,193,677 | €1,419,860 | +€226,183 | +18.9% |
| Fixed assets | 21/28 | €276,998 | €273,243 | -€3,754 | -1.4% |
| Tangible fixed assets | 22/27 | €276,274 | €272,520 | -€3,754 | -1.4% |
| Land and buildings | 22 | €241,728 | €229,540 | -€12,188 | -5.0% |
| Plant, machinery and equipment | 23 | €14,284 | €10,762 | -€3,522 | -24.7% |
| Furniture and vehicles | 24 | €20,263 | €32,218 | +€11,955 | +59.0% |
| Financial fixed assets | 28 | €723 | €723 | = | 0.0% |
| Current assets | 29/58 | €916,680 | €1,146,617 | +€229,937 | +25.1% |
| Amounts receivable after more than one year | 29 | €40,000 | €72,500 | +€32,500 | +81.3% |
| Other amounts receivable | 291 | €40,000 | €72,500 | +€32,500 | +81.3% |
| Stocks and contracts in progress | 3 | €86,294 | €125,065 | +€38,772 | +44.9% |
| Stocks | 30/36 | €86,294 | €125,065 | +€38,772 | +44.9% |
| Amounts receivable within one year | 40/41 | €399,594 | €617,425 | +€217,831 | +54.5% |
| Trade receivables | 40 | €295,906 | €495,636 | +€199,730 | +67.5% |
| Other amounts receivable | 41 | €103,688 | €121,789 | +€18,101 | +17.5% |
| Cash at bank and in hand | 54/58 | €385,364 | €325,770 | -€59,594 | -15.5% |
| Deferred charges and accrued income | 490/1 | €5,429 | €5,856 | +€427 | +7.9% |
| Total equity and liabilities | 10/49 | €1,193,677 | €1,419,860 | +€226,183 | +18.9% |
| Equity | 10/15 | €950,609 | €1,077,403 | +€126,793 | +13.3% |
| Contributions | 10/11 | €18,586 | €18,586 | = | 0.0% |
| Reserves | 13 | €932,023 | €1,058,817 | +€126,793 | +13.6% |
| 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 | €930,163 | €1,056,957 | +€126,793 | +13.6% |
| Amounts payable | 17/49 | €243,068 | €342,457 | +€99,389 | +40.9% |
| Amounts payable after more than one year | 17 | €39,327 | €15,246 | -€24,081 | -61.2% |
| Financial debts | 170/4 | €39,327 | €15,246 | -€24,081 | -61.2% |
| Amounts payable within one year | 42/48 | €202,901 | €327,211 | +€124,310 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | €10,667 | €10,667 | = | 0.0% |
| Trade debts | 44 | €137,455 | €195,165 | +€57,710 | +42.0% |
| Suppliers | 440/4 | €137,455 | €195,165 | +€57,710 | +42.0% |
| Taxes, remuneration and social security | 45 | €7,280 | €13,074 | +€5,794 | +79.6% |
| Taxes | 450/3 | €2,719 | €10,473 | +€7,754 | +285% |
| Remuneration and social security | 454/9 | €4,561 | €2,601 | -€1,960 | -43.0% |
| Other amounts payable | 47/48 | €47,500 | €108,306 | +€60,806 | +128% |
| Accrued charges and deferred income | 492/3 | €840 | - | -€840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,063 | €22,408 | +€3,345 | +17.5% |
| Other operating charges | 640/8 | €4,114 | €4,095 | -€19 | -0.5% |
| Gross operating margin | 9900 | €315,209 | €366,160 | +€50,951 | +16.2% |
| Operating profit (loss) | 9901 | €292,032 | €339,657 | +€47,626 | +16.3% |
| Financial income | 75/76B | €2,551 | €2,888 | +€337 | +13.2% |
| Recurring financial income | 75 | €2,551 | €2,888 | +€337 | +13.2% |
| Financial charges | 65/66B | €1,516 | €1,088 | -€429 | -28.3% |
| Recurring financial charges | 65 | €1,516 | €1,088 | -€429 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €293,066 | €341,458 | +€48,392 | +16.5% |
| Income taxes | 67/77 | €91,904 | €106,358 | +€14,455 | +15.7% |
| Profit (loss) for the period | 9904 | €201,163 | €235,099 | +€33,937 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €201,163 | €235,099 | +€33,937 | +16.9% |
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 27 October 2026 via checked.be.