WINFU: 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.
WINFU
Largest movements
- Cash +€8,427
up €8,427 (+41.8%), from €20,175 to €28,602
mainly Net result for the year (+€9,359) and Receivables within one year (+€6,323)
- Receivables within one year -€6,323
down €6,323 (-80.8%), from €7,823 to €1,500
of which Trade receivables: -€7,814
- Financial fixed assets +€6,000
new in 2025: €6,000
- Stocks and contracts -€5,836
down €5,836 (-12.7%), from €46,061 to €40,226
- Tangible fixed assets -€3,291
down €3,291 (-22.5%), from €14,632 to €11,341
of which Plant, machinery and equipment: -€2,990
- Profit (loss) carried forward +€9,359
up €9,359, from -€7,486 to €1,873
- Other debts -€8,754
down €8,754 (-11.5%), from €75,980 to €67,225
- Trade debts -€3,909
down €3,909 (-36.4%), from €10,745 to €6,836
- Tax, wage and social debts +€2,282
up €2,282 (+164%), from €1,392 to €3,673
of which Remuneration and social security: +€2,300
- Gross operating margin +€9,615
up €9,615 (+218%), from €4,417 to €14,031
- Depreciation +€2,468
up €2,468 (+300%), from €823 to €3,291
- Financial charges -€583
down €583 (-60.5%), from €963 to €381
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 | €88,691 | €87,668 | -€1,023 | -1.2% |
| Fixed assets | 21/28 | €14,632 | €17,341 | +€2,709 | +18.5% |
| Tangible fixed assets | 22/27 | €14,632 | €11,341 | -€3,291 | -22.5% |
| Plant, machinery and equipment | 23 | €13,205 | €10,214 | -€2,990 | -22.6% |
| Furniture and vehicles | 24 | €1,427 | €1,126 | -€300 | -21.1% |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €74,060 | €70,328 | -€3,732 | -5.0% |
| Stocks and contracts in progress | 3 | €46,061 | €40,226 | -€5,836 | -12.7% |
| Stocks | 30/36 | €46,061 | €40,226 | -€5,836 | -12.7% |
| Amounts receivable within one year | 40/41 | €7,823 | €1,500 | -€6,323 | -80.8% |
| Trade receivables | 40 | €7,814 | - | -€7,814 | |
| Other amounts receivable | 41 | €9 | €1,500 | +€1,491 | +17,181% |
| Cash at bank and in hand | 54/58 | €20,175 | €28,602 | +€8,427 | +41.8% |
| Total equity and liabilities | 10/49 | €88,691 | €87,668 | -€1,023 | -1.2% |
| Equity | 10/15 | €574 | €9,933 | +€9,359 | +1,630% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,486 | €1,873 | +€9,359 | |
| Amounts payable | 17/49 | €88,117 | €77,735 | -€10,382 | -11.8% |
| Amounts payable within one year | 42/48 | €88,117 | €77,735 | -€10,382 | -11.8% |
| Trade debts | 44 | €10,745 | €6,836 | -€3,909 | -36.4% |
| Suppliers | 440/4 | €10,745 | €6,836 | -€3,909 | -36.4% |
| Taxes, remuneration and social security | 45 | €1,392 | €3,673 | +€2,282 | +164% |
| Taxes | 450/3 | €1,392 | €1,373 | -€18 | -1.3% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €75,980 | €67,225 | -€8,754 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €823 | €3,291 | +€2,468 | +300% |
| Other operating charges | 640/8 | €951 | €1,001 | +€49 | +5.2% |
| Gross operating margin | 9900 | €4,417 | €14,031 | +€9,615 | +218% |
| Operating profit (loss) | 9901 | €2,643 | €9,740 | +€7,097 | +269% |
| Financial charges | 65/66B | €963 | €381 | -€583 | -60.5% |
| Recurring financial charges | 65 | €963 | €381 | -€583 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €1,679 | €9,359 | +€7,680 | +457% |
| Profit (loss) for the period | 9904 | €1,679 | €9,359 | +€7,680 | +457% |
| Profit (loss) for the period to be appropriated | 9905 | €1,679 | €9,359 | +€7,680 | +457% |
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 16 October 2026 via checked.be.