WINDRACER: 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.
WINDRACER
Largest movements
- Receivables within one year -€525,789
down €525,789 (-79.3%), from €662,833 to €137,044
of which Trade receivables: -€509,003
- Tangible fixed assets +€29,411
up €29,411 (+5.7%), from €520,456 to €549,867
- Deferred charges and accrued income +€18,772
new in 2024: €18,772
- Accrued charges and deferred income -€235,000
no longer reported in 2024 (was €235,000)
- Other debts -€96,210
down €96,210 (-24.9%), from €386,808 to €290,598
- Trade debts -€93,193
down €93,193 (-41.8%), from €223,112 to €129,920
- Tax, wage and social debts -€54,150
down €54,150 (-96.6%), from €56,044 to €1,893
- Gross operating margin -€100,744
down €100,744 (-38.0%), from €265,359 to €164,615
- Depreciation +€24,945
up €24,945 (+23.9%), from €104,513 to €129,458
- Other operating charges -€4,656
no longer reported in 2024 (was €4,656)
- Financial charges +€2,843
up €2,843 (+11.2%), from €25,479 to €28,322
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,212,591 | €733,205 | -€479,386 | -39.5% |
| Fixed assets | 21/28 | €540,456 | €572,694 | +€32,238 | +6.0% |
| Tangible fixed assets | 22/27 | €520,456 | €549,867 | +€29,411 | +5.7% |
| Furniture and vehicles | 24 | €520,456 | €549,867 | +€29,411 | +5.7% |
| Financial fixed assets | 28 | €20,000 | €22,827 | +€2,827 | +14.1% |
| Current assets | 29/58 | €672,135 | €160,512 | -€511,623 | -76.1% |
| Amounts receivable within one year | 40/41 | €662,833 | €137,044 | -€525,789 | -79.3% |
| Trade receivables | 40 | €642,129 | €133,125 | -€509,003 | -79.3% |
| Other amounts receivable | 41 | €20,704 | €3,918 | -€16,786 | -81.1% |
| Cash at bank and in hand | 54/58 | €9,302 | €4,696 | -€4,606 | -49.5% |
| Deferred charges and accrued income | 490/1 | - | €18,772 | +€18,772 | |
| Total equity and liabilities | 10/49 | €1,212,591 | €733,205 | -€479,386 | -39.5% |
| Equity | 10/15 | -€96,449 | -€89,849 | +€6,600 | +6.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Outside capital | 11 | - | €20,000 | +€20,000 | |
| Share premium | 1100/10 | - | €20,000 | +€20,000 | |
| Revaluation surpluses | 12 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€416,449 | -€409,849 | +€6,600 | +1.6% |
| Amounts payable | 17/49 | €1,309,040 | €823,055 | -€485,985 | -37.1% |
| Amounts payable within one year | 42/48 | €1,074,040 | €823,055 | -€250,985 | -23.4% |
| Financial debts | 43 | €408,076 | €400,644 | -€7,432 | -1.8% |
| Credit institutions | 430/8 | €408,076 | €400,644 | -€7,432 | -1.8% |
| Trade debts | 44 | €223,112 | €129,920 | -€93,193 | -41.8% |
| Suppliers | 440/4 | €223,112 | €129,920 | -€93,193 | -41.8% |
| Taxes, remuneration and social security | 45 | €56,044 | €1,893 | -€54,150 | -96.6% |
| Taxes | 450/3 | €56,044 | €1,893 | -€54,150 | -96.6% |
| Other amounts payable | 47/48 | €386,808 | €290,598 | -€96,210 | -24.9% |
| Accrued charges and deferred income | 492/3 | €235,000 | - | -€235,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,513 | €129,458 | +€24,945 | +23.9% |
| Other operating charges | 640/8 | €4,656 | - | -€4,656 | |
| Gross operating margin | 9900 | €265,359 | €164,615 | -€100,744 | -38.0% |
| Operating profit (loss) | 9901 | €156,190 | €35,157 | -€121,033 | -77.5% |
| Financial income | 75/76B | €413 | €376 | -€37 | -9.0% |
| Recurring financial income | 75 | €413 | €376 | -€37 | -9.0% |
| Financial charges | 65/66B | €25,479 | €28,322 | +€2,843 | +11.2% |
| Recurring financial charges | 65 | €25,479 | €28,322 | +€2,843 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €131,124 | €7,211 | -€123,913 | -94.5% |
| Income taxes | 67/77 | €164 | €611 | +€447 | +271.9% |
| Profit (loss) for the period | 9904 | €130,960 | €6,600 | -€124,360 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €130,960 | €6,600 | -€124,360 | -95.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.