WinFuse: 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.
WinFuse
Largest movements
- Cash -€19,500
down €19,500 (-40.7%), from €47,921 to €28,421
mainly Tax, wage and social debts (-€16,492) and Investment in fixed assets (net) (-€5,047)
- Tax, wage and social debts -€16,492
down €16,492 (-35.1%), from €47,017 to €30,525
of which Taxes: -€24,313
- Gross operating margin -€75,991
down €75,991 (-49.0%), from €154,947 to €78,956
- Taxes -€29,972
down €29,972 (-94.9%), from €31,577 to €1,605
- Financial income -€11,723
down €11,723 (-57.9%), from €20,249 to €8,527
- Staff costs +€1,807
up €1,807 (+2.3%), from €78,929 to €80,735
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 | €670,554 | €653,079 | -€17,475 | -2.6% |
| Fixed assets | 21/28 | €519 | €4,426 | +€3,906 | +751.9% |
| Tangible fixed assets | 22/27 | €519 | €4,426 | +€3,906 | +751.9% |
| Furniture and vehicles | 24 | €519 | €4,426 | +€3,906 | +751.9% |
| Current assets | 29/58 | €670,034 | €648,654 | -€21,381 | -3.2% |
| Amounts receivable within one year | 40/41 | €21,172 | €18,203 | -€2,969 | -14.0% |
| Trade receivables | 40 | €21,172 | €899 | -€20,274 | -95.8% |
| Other amounts receivable | 41 | - | €17,304 | +€17,304 | |
| Current investments | 50/53 | €600,000 | €600,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,921 | €28,421 | -€19,500 | -40.7% |
| Deferred charges and accrued income | 490/1 | €941 | €2,030 | +€1,089 | +115.7% |
| Total equity and liabilities | 10/49 | €670,554 | €653,079 | -€17,475 | -2.6% |
| Equity | 10/15 | €607,437 | €611,015 | +€3,578 | +0.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €106,989 | €110,567 | +€3,578 | +3.3% |
| Distributable reserves | 133 | €106,989 | €110,567 | +€3,578 | +3.3% |
| Profit (loss) carried forward | 14 | €480,448 | €480,448 | = | 0.0% |
| Amounts payable | 17/49 | €63,117 | €42,064 | -€21,053 | -33.4% |
| Amounts payable within one year | 42/48 | €62,829 | €41,298 | -€21,531 | -34.3% |
| Trade debts | 44 | €12,402 | €10,773 | -€1,629 | -13.1% |
| Suppliers | 440/4 | €12,402 | €10,773 | -€1,629 | -13.1% |
| Taxes, remuneration and social security | 45 | €47,017 | €30,525 | -€16,492 | -35.1% |
| Taxes | 450/3 | €34,915 | €10,601 | -€24,313 | -69.6% |
| Remuneration and social security | 454/9 | €12,102 | €19,924 | +€7,821 | +64.6% |
| Other amounts payable | 47/48 | €3,410 | - | -€3,410 | |
| Accrued charges and deferred income | 492/3 | €288 | €766 | +€478 | +165.8% |
| Remuneration, social security and pensions | 62 | €78,929 | €80,735 | +€1,807 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579 | €1,141 | +€562 | +97.1% |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | €154,947 | €78,956 | -€75,991 | -49.0% |
| Operating profit (loss) | 9901 | €75,002 | -€3,321 | -€78,322 | |
| Financial income | 75/76B | €20,249 | €8,527 | -€11,723 | -57.9% |
| Recurring financial income | 75 | €20,249 | €8,527 | -€11,723 | -57.9% |
| Financial charges | 65/66B | €40 | €23 | -€17 | -41.9% |
| Recurring financial charges | 65 | €40 | €23 | -€17 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €95,211 | €5,183 | -€90,028 | -94.6% |
| Income taxes | 67/77 | €31,577 | €1,605 | -€29,972 | -94.9% |
| Profit (loss) for the period | 9904 | €63,634 | €3,578 | -€60,056 | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,634 | €3,578 | -€60,056 | -94.4% |
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 12 October 2026 via checked.be.