WINITOE: 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.
WINITOE
Largest movements
- Receivables within one year -€39,776
down €39,776 (-85.5%), from €46,547 to €6,771
of which Trade receivables: -€32,721
- Tangible fixed assets +€12,515
new in 2025: €12,515
- Cash -€2,391
down €2,391 (-57.5%), from €4,156 to €1,765
mainly Net result for the year (-€30,065) and Investment in fixed assets (net) (-€13,870)
- Reserves -€27,532
down €27,532 (-96.1%), from €28,643 to €1,111
of which Distributable reserves: -€27,532
- Other debts +€11,574
new in 2025: €11,574
- Tax, wage and social debts -€7,507
down €7,507 (-83.9%), from €8,944 to €1,437
- Trade debts -€3,630
down €3,630 (-59.1%), from €6,139 to €2,510
- Profit (loss) carried forward -€2,533
new in 2025: -€2,533
- Gross operating margin -€19,998
down €19,998 (-5620.3%), from -€356 to -€20,353
- Write-downs +€5,679
new in 2025: €5,679
- Staff costs +€2,266
up €2,266 (+97.6%), from -€2,322 to -€56
- Depreciation +€1,355
new in 2025: €1,355
- Other operating charges +€1,063
up €1,063 (+178.3%), from €596 to €1,659
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 | €50,870 | €21,051 | -€29,819 | -58.6% |
| Fixed assets | 21/28 | - | €12,515 | +€12,515 | |
| Tangible fixed assets | 22/27 | - | €12,515 | +€12,515 | |
| Furniture and vehicles | 24 | - | €12,515 | +€12,515 | |
| Current assets | 29/58 | €50,870 | €8,536 | -€42,334 | -83.2% |
| Amounts receivable within one year | 40/41 | €46,547 | €6,771 | -€39,776 | -85.5% |
| Trade receivables | 40 | €38,447 | €5,726 | -€32,721 | -85.1% |
| Other amounts receivable | 41 | €8,100 | €1,045 | -€7,055 | -87.1% |
| Cash at bank and in hand | 54/58 | €4,156 | €1,765 | -€2,391 | -57.5% |
| Deferred charges and accrued income | 490/1 | €167 | - | -€167 | |
| Total equity and liabilities | 10/49 | €50,870 | €21,051 | -€29,819 | -58.6% |
| Equity | 10/15 | €34,843 | €4,778 | -€30,065 | -86.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,643 | €1,111 | -€27,532 | -96.1% |
| Non-distributable reserves | 130/1 | €1,111 | €1,111 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,111 | €1,111 | = | 0.0% |
| Distributable reserves | 133 | €27,532 | - | -€27,532 | |
| Profit (loss) carried forward | 14 | - | -€2,533 | -€2,533 | |
| Amounts payable | 17/49 | €16,027 | €16,273 | +€245 | +1.5% |
| Amounts payable within one year | 42/48 | €15,084 | €15,521 | +€438 | +2.9% |
| Trade debts | 44 | €6,139 | €2,510 | -€3,630 | -59.1% |
| Suppliers | 440/4 | €6,139 | €2,510 | -€3,630 | -59.1% |
| Taxes, remuneration and social security | 45 | €8,944 | €1,437 | -€7,507 | -83.9% |
| Taxes | 450/3 | €8,944 | €1,437 | -€7,507 | -83.9% |
| Other amounts payable | 47/48 | - | €11,574 | +€11,574 | |
| Accrued charges and deferred income | 492/3 | €944 | €751 | -€192 | -20.4% |
| Remuneration, social security and pensions | 62 | -€2,322 | -€56 | +€2,266 | +97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,355 | +€1,355 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,679 | +€5,679 | |
| Other operating charges | 640/8 | €596 | €1,659 | +€1,063 | +178.3% |
| Gross operating margin | 9900 | -€356 | -€20,353 | -€19,998 | -5620.3% |
| Operating profit (loss) | 9901 | €1,370 | -€28,991 | -€30,360 | |
| Financial income | 75/76B | €597 | - | -€597 | |
| Recurring financial income | 75 | €597 | - | -€597 | |
| Financial charges | 65/66B | €1,028 | €821 | -€207 | -20.1% |
| Recurring financial charges | 65 | €1,028 | €821 | -€207 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €939 | -€29,812 | -€30,751 | |
| Income taxes | 67/77 | €1,185 | €253 | -€932 | -78.7% |
| Profit (loss) for the period | 9904 | -€246 | -€30,065 | -€29,819 | -12125.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€246 | -€30,065 | -€29,819 | -12125.0% |
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 5 October 2026 via checked.be.