Window Academy: what changed
Window Academy
Largest movements
- Tangible fixed assets -€39,294
down €39,294 (-5.7%), from €688,409 to €649,115
of which Furniture and vehicles: -€23,024
- Cash -€19,832
down €19,832 (-76.7%), from €25,867 to €6,035
mainly Net result for the year (-€38,272) and Other debts (-€24,041)
- Receivables within one year -€8,884
down €8,884 (-47.7%), from €18,644 to €9,760
of which Trade receivables: -€8,849
- Intangible fixed assets +€8,817
new in 2025: €8,817
- Profit (loss) carried forward -€38,272
down €38,272 (-28.8%), from -€133,055 to -€171,327
- Other debts -€24,041
down €24,041 (-2.9%), from €835,297 to €811,256
- Gross operating margin +€31,580
up €31,580 (+84.0%), from -€37,594 to -€6,013
- Depreciation -€7,520
down €7,520 (-23.3%), from €32,271 to €24,751
- Other operating charges +€3,734
up €3,734 (+163%), from €2,294 to €6,029
- Financial charges +€765
up €765 (+179%), from €426 to €1,191
- Financial income -€511
down €511 (-99.9%), from €511 to €1
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €732,920 | €673,727 | -€59,192 | -8.1% |
| Fixed assets | 21/28 | €688,409 | €657,932 | -€30,477 | -4.4% |
| Intangible fixed assets | 21 | - | €8,817 | +€8,817 | |
| Tangible fixed assets | 22/27 | €688,409 | €649,115 | -€39,294 | -5.7% |
| Land and buildings | 22 | €664,254 | €647,984 | -€16,270 | -2.4% |
| Furniture and vehicles | 24 | €24,155 | €1,131 | -€23,024 | -95.3% |
| Current assets | 29/58 | €44,511 | €15,795 | -€28,716 | -64.5% |
| Amounts receivable within one year | 40/41 | €18,644 | €9,760 | -€8,884 | -47.7% |
| Trade receivables | 40 | €18,609 | €9,760 | -€8,849 | -47.6% |
| Other amounts receivable | 41 | €35 | - | -€35 | |
| Cash at bank and in hand | 54/58 | €25,867 | €6,035 | -€19,832 | -76.7% |
| Total equity and liabilities | 10/49 | €732,920 | €673,727 | -€59,192 | -8.1% |
| Equity | 10/15 | -€128,055 | -€166,327 | -€38,272 | -29.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,055 | -€171,327 | -€38,272 | -28.8% |
| Amounts payable | 17/49 | €860,975 | €840,055 | -€20,921 | -2.4% |
| Amounts payable after more than one year | 17 | €19,316 | €14,510 | -€4,806 | -24.9% |
| Financial debts | 170/4 | €19,316 | €14,510 | -€4,806 | -24.9% |
| Amounts payable within one year | 42/48 | €841,659 | €825,463 | -€16,195 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €4,575 | €4,806 | +€232 | +5.1% |
| Trade debts | 44 | €1,669 | €7,617 | +€5,947 | +356% |
| Suppliers | 440/4 | €1,669 | €7,617 | +€5,947 | +356% |
| Taxes, remuneration and social security | 45 | €118 | €1,784 | +€1,666 | +1,411% |
| Taxes | 450/3 | €118 | €1,784 | +€1,666 | +1,411% |
| Other amounts payable | 47/48 | €835,297 | €811,256 | -€24,041 | -2.9% |
| Accrued charges and deferred income | 492/3 | - | €81 | +€81 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,271 | €24,751 | -€7,520 | -23.3% |
| Other operating charges | 640/8 | €2,294 | €6,029 | +€3,734 | +163% |
| Gross operating margin | 9900 | -€37,594 | -€6,013 | +€31,580 | +84.0% |
| Operating profit (loss) | 9901 | -€72,159 | -€36,793 | +€35,366 | +49.0% |
| Financial income | 75/76B | €511 | €1 | -€511 | -99.9% |
| Recurring financial income | 75 | €511 | €1 | -€511 | -99.9% |
| Financial charges | 65/66B | €426 | €1,191 | +€765 | +179% |
| Recurring financial charges | 65 | €426 | €1,191 | +€765 | +179% |
| Profit (loss) for the period before taxes | 9903 | -€72,074 | -€37,983 | +€34,091 | +47.3% |
| Income taxes | 67/77 | €67 | €289 | +€221 | +328% |
| Profit (loss) for the period | 9904 | -€72,141 | -€38,272 | +€33,870 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,141 | -€38,272 | +€33,870 | +46.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.