Wineo: 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.
Wineo
Largest movements
- Cash -€76,169
down €76,169 (-45.3%), from €168,175 to €92,006
mainly Contributions, distributions and other (-€255,707) and Investment in fixed assets (net) (-€54,500)
- Current investments -€51,893
down €51,893 (-21.1%), from €246,151 to €194,258
- Tangible fixed assets +€33,900
up €33,900 (+8.9%), from €381,922 to €415,823
of which Furniture and vehicles: +€39,210
- Receivables within one year +€17,799
up €17,799 (+73.4%), from €24,261 to €42,060
of which Trade receivables: +€10,800
- Reserves -€64,095
down €64,095 (-11.9%), from €536,685 to €472,590
- Tax, wage and social debts -€11,321
down €11,321 (-33.3%), from €34,002 to €22,681
- Financial income +€74,265
up €74,265 (+133%), from €55,793 to €130,057
- Gross operating margin -€47,741
down €47,741 (-27.1%), from €176,077 to €128,336
- Depreciation -€10,045
down €10,045 (-32.8%), from €30,645 to €20,600
- Taxes -€4,385
down €4,385 (-9.1%), from €48,091 to €43,706
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 | €1,003,886 | €926,549 | -€77,336 | -7.7% |
| Fixed assets | 21/28 | €561,922 | €595,823 | +€33,900 | +6.0% |
| Tangible fixed assets | 22/27 | €381,922 | €415,823 | +€33,900 | +8.9% |
| Land and buildings | 22 | €365,369 | €354,643 | -€10,726 | -2.9% |
| Plant, machinery and equipment | 23 | €216 | €1,995 | +€1,779 | +824% |
| Furniture and vehicles | 24 | €16,338 | €55,547 | +€39,210 | +240% |
| Other tangible fixed assets | 26 | - | €3,638 | +€3,638 | |
| Financial fixed assets | 28 | €180,000 | €180,000 | = | 0.0% |
| Current assets | 29/58 | €441,963 | €330,727 | -€111,236 | -25.2% |
| Amounts receivable within one year | 40/41 | €24,261 | €42,060 | +€17,799 | +73.4% |
| Trade receivables | 40 | €24,261 | €35,061 | +€10,800 | +44.5% |
| Other amounts receivable | 41 | €0 | €6,999 | +€6,999 | |
| Current investments | 50/53 | €246,151 | €194,258 | -€51,893 | -21.1% |
| Cash at bank and in hand | 54/58 | €168,175 | €92,006 | -€76,169 | -45.3% |
| Deferred charges and accrued income | 490/1 | €3,376 | €2,404 | -€973 | -28.8% |
| Total equity and liabilities | 10/49 | €1,003,886 | €926,549 | -€77,336 | -7.7% |
| Equity | 10/15 | €955,183 | €891,088 | -€64,095 | -6.7% |
| Contributions | 10/11 | €3,100 | €3,100 | = | 0.0% |
| Revaluation surpluses | 12 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €536,685 | €472,590 | -€64,095 | -11.9% |
| Distributable reserves | 133 | €536,685 | €472,590 | -€64,095 | -11.9% |
| Profit (loss) carried forward | 14 | €265,399 | €265,399 | = | 0.0% |
| Provisions and deferred taxes | 16 | €11,500 | €11,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €11,500 | €11,500 | = | 0.0% |
| Pensions and similar obligations | 160 | €11,500 | €11,500 | = | 0.0% |
| Amounts payable | 17/49 | €37,202 | €23,961 | -€13,241 | -35.6% |
| Amounts payable within one year | 42/48 | €37,202 | €23,961 | -€13,241 | -35.6% |
| Financial debts | 43 | €323 | €470 | +€147 | +45.7% |
| Credit institutions | 430/8 | €323 | €470 | +€147 | +45.7% |
| Trade debts | 44 | €1,658 | €9 | -€1,648 | -99.4% |
| Suppliers | 440/4 | €1,658 | €9 | -€1,648 | -99.4% |
| Taxes, remuneration and social security | 45 | €34,002 | €22,681 | -€11,321 | -33.3% |
| Taxes | 450/3 | €34,002 | €22,681 | -€11,321 | -33.3% |
| Other amounts payable | 47/48 | €1,220 | €800 | -€420 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,645 | €20,600 | -€10,045 | -32.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,346 | €2,406 | +€60 | +2.6% |
| Gross operating margin | 9900 | €176,077 | €128,336 | -€47,741 | -27.1% |
| Operating profit (loss) | 9901 | €143,087 | €105,331 | -€37,756 | -26.4% |
| Financial income | 75/76B | €55,793 | €130,057 | +€74,265 | +133% |
| Recurring financial income | 75 | €55,793 | €130,057 | +€74,265 | +133% |
| Financial charges | 65/66B | €312 | €70 | -€242 | -77.4% |
| Recurring financial charges | 65 | €312 | €70 | -€242 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €198,567 | €235,318 | +€36,751 | +18.5% |
| Income taxes | 67/77 | €48,091 | €43,706 | -€4,385 | -9.1% |
| Profit (loss) for the period | 9904 | €150,476 | €191,612 | +€41,135 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €150,476 | €191,612 | +€41,135 | +27.3% |
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 17 October 2026 via checked.be.