WINFRI: 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.
WINFRI
Largest movements
- Cash -€42,625
down €42,625 (-65.8%), from €64,733 to €22,108
mainly Net result for the year (-€33,431) and Tax, wage and social debts (-€16,215)
- Stocks and contracts -€31,448
down €31,448 (-91.8%), from €34,240 to €2,792
- Receivables within one year +€12,068
up €12,068 (+95.1%), from €12,686 to €24,753
of which Other amounts receivable: +€12,370
- Tangible fixed assets +€3,859
up €3,859 (+138.0%), from €2,795 to €6,654
of which Furniture and vehicles: +€4,277
- Profit (loss) carried forward -€33,431
down €33,431 (-131.5%), from -€25,422 to -€58,853
- Tax, wage and social debts -€16,215
down €16,215 (-50.5%), from €32,107 to €15,893
- Other debts -€10,069
down €10,069 (-99.7%), from €10,101 to €32
- Trade debts +€1,225
up €1,225 (+197.8%), from €619 to €1,844
- Gross operating margin -€100,883
down €100,883, from €70,433 to -€30,450
- Taxes -€19,470
down €19,470 (-99.8%), from €19,517 to €48
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 | €119,223 | €60,420 | -€58,803 | -49.3% |
| Formation expenses | 20 | €33 | - | -€33 | |
| Fixed assets | 21/28 | €4,485 | €7,221 | +€2,736 | +61.0% |
| Intangible fixed assets | 21 | €1,279 | €567 | -€711 | -55.6% |
| Tangible fixed assets | 22/27 | €2,795 | €6,654 | +€3,859 | +138.0% |
| Plant, machinery and equipment | 23 | €2,009 | €1,591 | -€418 | -20.8% |
| Furniture and vehicles | 24 | €786 | €5,063 | +€4,277 | +544.2% |
| Financial fixed assets | 28 | €411 | - | -€411 | |
| Current assets | 29/58 | €114,706 | €53,199 | -€61,507 | -53.6% |
| Stocks and contracts in progress | 3 | €34,240 | €2,792 | -€31,448 | -91.8% |
| Stocks | 30/36 | €34,240 | €2,792 | -€31,448 | -91.8% |
| Amounts receivable within one year | 40/41 | €12,686 | €24,753 | +€12,068 | +95.1% |
| Trade receivables | 40 | €11,798 | €11,495 | -€303 | -2.6% |
| Other amounts receivable | 41 | €888 | €13,258 | +€12,370 | +1393.0% |
| Cash at bank and in hand | 54/58 | €64,733 | €22,108 | -€42,625 | -65.8% |
| Deferred charges and accrued income | 490/1 | €3,047 | €3,545 | +€498 | +16.4% |
| Total equity and liabilities | 10/49 | €119,223 | €60,420 | -€58,803 | -49.3% |
| Equity | 10/15 | €76,083 | €42,652 | -€33,431 | -43.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,904 | €82,904 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,544 | €3,544 | = | 0.0% |
| Distributable reserves | 133 | €77,500 | €77,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,422 | -€58,853 | -€33,431 | -131.5% |
| Amounts payable | 17/49 | €43,141 | €17,768 | -€25,373 | -58.8% |
| Amounts payable within one year | 42/48 | €42,828 | €17,768 | -€25,059 | -58.5% |
| Trade debts | 44 | €619 | €1,844 | +€1,225 | +197.8% |
| Suppliers | 440/4 | €619 | €1,844 | +€1,225 | +197.8% |
| Taxes, remuneration and social security | 45 | €32,107 | €15,893 | -€16,215 | -50.5% |
| Taxes | 450/3 | €32,107 | €15,893 | -€16,215 | -50.5% |
| Other amounts payable | 47/48 | €10,101 | €32 | -€10,069 | -99.7% |
| Accrued charges and deferred income | 492/3 | €313 | - | -€313 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,697 | €2,292 | -€405 | -15.0% |
| Other operating charges | 640/8 | €187 | €197 | +€10 | +5.6% |
| Gross operating margin | 9900 | €70,433 | -€30,450 | -€100,883 | |
| Operating profit (loss) | 9901 | €67,550 | -€32,938 | -€100,489 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -92.8% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -92.8% |
| Financial charges | 65/66B | €485 | €445 | -€40 | -8.3% |
| Recurring financial charges | 65 | €485 | €445 | -€40 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €67,068 | -€33,383 | -€100,451 | |
| Income taxes | 67/77 | €19,517 | €48 | -€19,470 | -99.8% |
| Profit (loss) for the period | 9904 | €47,551 | -€33,431 | -€80,982 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,551 | -€33,431 | -€80,982 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.