WINFERA: 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.
WINFERA
Largest movements
- Intangible fixed assets +€68,099
up €68,099 (+1078.5%), from €6,314 to €74,413
- Receivables within one year -€67,473
down €67,473 (-12.1%), from €558,202 to €490,730
of which Trade receivables: -€385,045
- Cash +€34,466
up €34,466 (+199.5%), from €17,276 to €51,742
mainly Receivables within one year (+€67,473) and Current portion of long-term debt (+€56,000)
- Deferred charges and accrued income +€30,230
up €30,230 (+457.7%), from €6,604 to €36,834
- Tangible fixed assets +€16,536
up €16,536 (+68.4%), from €24,176 to €40,713
of which Land and buildings: +€18,731
- Current portion of long-term debt +€56,000
new in 2025: €56,000
- Profit (loss) carried forward +€22,591
up €22,591 (+9.5%), from €236,560 to €259,151
- Gross operating margin -€232,016
down €232,016 (-20.4%), from €1.1m to €904,753
- Taxes -€55,610
down €55,610 (-79.9%), from €69,584 to €13,974
- Staff costs -€43,769
down €43,769 (-5.0%), from €871,230 to €827,460
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.
Cash bridge derived
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 | €1,322,573 | €1,404,432 | +€81,859 | +6.2% |
| Fixed assets | 21/28 | €740,490 | €825,126 | +€84,636 | +11.4% |
| Intangible fixed assets | 21 | €6,314 | €74,413 | +€68,099 | +1078.5% |
| Tangible fixed assets | 22/27 | €24,176 | €40,713 | +€16,536 | +68.4% |
| Land and buildings | 22 | €4,261 | €22,992 | +€18,731 | +439.5% |
| Plant, machinery and equipment | 23 | €1,599 | €5,767 | +€4,168 | +260.6% |
| Furniture and vehicles | 24 | €18,316 | €11,953 | -€6,363 | -34.7% |
| Financial fixed assets | 28 | €710,000 | €710,000 | = | 0.0% |
| Current assets | 29/58 | €582,082 | €579,306 | -€2,776 | -0.5% |
| Amounts receivable within one year | 40/41 | €558,202 | €490,730 | -€67,473 | -12.1% |
| Trade receivables | 40 | €427,137 | €42,092 | -€385,045 | -90.1% |
| Other amounts receivable | 41 | €131,065 | €448,637 | +€317,572 | +242.3% |
| Cash at bank and in hand | 54/58 | €17,276 | €51,742 | +€34,466 | +199.5% |
| Deferred charges and accrued income | 490/1 | €6,604 | €36,834 | +€30,230 | +457.7% |
| Total equity and liabilities | 10/49 | €1,322,573 | €1,404,432 | +€81,859 | +6.2% |
| Equity | 10/15 | €280,560 | €303,151 | +€22,591 | +8.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €236,560 | €259,151 | +€22,591 | +9.5% |
| Amounts payable | 17/49 | €1,042,012 | €1,101,281 | +€59,268 | +5.7% |
| Amounts payable within one year | 42/48 | €1,038,618 | €1,101,281 | +€62,663 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | - | €56,000 | +€56,000 | |
| Trade debts | 44 | €303,847 | €299,685 | -€4,162 | -1.4% |
| Suppliers | 440/4 | €303,847 | €299,685 | -€4,162 | -1.4% |
| Taxes, remuneration and social security | 45 | €192,820 | €192,806 | -€14 | 0.0% |
| Taxes | 450/3 | €40,556 | €60,086 | +€19,530 | +48.2% |
| Remuneration and social security | 454/9 | €152,264 | €132,720 | -€19,544 | -12.8% |
| Other amounts payable | 47/48 | €541,951 | €552,790 | +€10,839 | +2.0% |
| Accrued charges and deferred income | 492/3 | €3,394 | €0 | -€3,394 | -100.0% |
| Remuneration, social security and pensions | 62 | €871,230 | €827,460 | -€43,769 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,036 | €24,767 | +€6,730 | +37.3% |
| Other operating charges | 640/8 | €8,370 | €2,925 | -€5,445 | -65.1% |
| Gross operating margin | 9900 | €1,136,768 | €904,753 | -€232,016 | -20.4% |
| Operating profit (loss) | 9901 | €239,133 | €49,601 | -€189,532 | -79.3% |
| Financial income | 75/76B | €191 | €365 | +€173 | +90.4% |
| Recurring financial income | 75 | €191 | €365 | +€173 | +90.4% |
| Financial charges | 65/66B | €17,107 | €13,400 | -€3,707 | -21.7% |
| Recurring financial charges | 65 | €17,107 | €13,400 | -€3,707 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €222,217 | €36,565 | -€185,652 | -83.5% |
| Income taxes | 67/77 | €69,584 | €13,974 | -€55,610 | -79.9% |
| Profit (loss) for the period | 9904 | €152,633 | €22,591 | -€130,042 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €152,633 | €22,591 | -€130,042 | -85.2% |
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 11 October 2026 via checked.be.