WINKA: what changed
WINKA
Largest movements
- Cash +€65,377
up €65,377 (+15.1%), from €433,609 to €498,986
mainly Net result for the year (+€73,281) and Receivables within one year (+€63,254)
- Receivables within one year -€63,254
down €63,254 (-62.6%), from €100,994 to €37,740
of which Trade receivables: -€64,811
- Tangible fixed assets +€37,463
up €37,463 (+10.4%), from €361,796 to €399,259
of which Furniture and vehicles: +€61,050
- Stocks and contracts +€11,295
up €11,295 (+81.7%), from €13,825 to €25,120
of which Contracts in progress: +€10,000
- Reserves +€73,281
up €73,281 (+24.3%), from €301,998 to €375,280
- Trade debts -€25,725
down €25,725 (-72.6%), from €35,456 to €9,731
- Current portion of long-term debt +€20,630
up €20,630 (+34.1%), from €60,420 to €81,050
- Gross operating margin +€60,109
up €60,109 (+9.4%), from €641,801 to €701,910
- Staff costs +€33,183
up €33,183 (+6.7%), from €491,699 to €524,882
- Financial income -€25,370
down €25,370 (-78.5%), from €32,325 to €6,956
of which Non-recurring financial income: -€24,733
- Depreciation +€12,483
up €12,483 (+25.2%), from €49,481 to €61,964
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,000,547 | €1,060,428 | +€59,881 | +6.0% |
| Fixed assets | 21/28 | €362,639 | €400,102 | +€37,463 | +10.3% |
| Tangible fixed assets | 22/27 | €361,796 | €399,259 | +€37,463 | +10.4% |
| Land and buildings | 22 | €264,730 | €243,997 | -€20,734 | -7.8% |
| Plant, machinery and equipment | 23 | €30,519 | €27,666 | -€2,853 | -9.3% |
| Furniture and vehicles | 24 | €66,547 | €127,597 | +€61,050 | +91.7% |
| Financial fixed assets | 28 | €843 | €843 | = | 0.0% |
| Current assets | 29/58 | €637,908 | €660,326 | +€22,418 | +3.5% |
| Stocks and contracts in progress | 3 | €13,825 | €25,120 | +€11,295 | +81.7% |
| Stocks | 30/36 | €13,825 | €15,120 | +€1,295 | +9.4% |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €100,994 | €37,740 | -€63,254 | -62.6% |
| Trade receivables | 40 | €83,387 | €18,576 | -€64,811 | -77.7% |
| Other amounts receivable | 41 | €17,608 | €19,165 | +€1,557 | +8.8% |
| Current investments | 50/53 | €88,277 | €98,480 | +€10,203 | +11.6% |
| Cash at bank and in hand | 54/58 | €433,609 | €498,986 | +€65,377 | +15.1% |
| Deferred charges and accrued income | 490/1 | €1,203 | - | -€1,203 | |
| Total equity and liabilities | 10/49 | €1,000,547 | €1,060,428 | +€59,881 | +6.0% |
| Equity | 10/15 | €611,151 | €684,432 | +€73,281 | +12.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €301,998 | €375,280 | +€73,281 | +24.3% |
| Distributable reserves | 133 | €301,998 | €375,280 | +€73,281 | +24.3% |
| Profit (loss) carried forward | 14 | €290,561 | €290,561 | = | 0.0% |
| Amounts payable | 17/49 | €389,396 | €375,996 | -€13,401 | -3.4% |
| Amounts payable after more than one year | 17 | €252,469 | €244,950 | -€7,519 | -3.0% |
| Financial debts | 170/4 | €252,469 | €244,950 | -€7,519 | -3.0% |
| Amounts payable within one year | 42/48 | €136,927 | €131,046 | -€5,881 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €60,420 | €81,050 | +€20,630 | +34.1% |
| Financial debts | 43 | - | €4,844 | +€4,844 | |
| Credit institutions | 430/8 | - | €4,844 | +€4,844 | |
| Trade debts | 44 | €35,456 | €9,731 | -€25,725 | -72.6% |
| Suppliers | 440/4 | €35,456 | €9,731 | -€25,725 | -72.6% |
| Taxes, remuneration and social security | 45 | €33,149 | €31,026 | -€2,124 | -6.4% |
| Taxes | 450/3 | €9,145 | €7,449 | -€1,696 | -18.5% |
| Remuneration and social security | 454/9 | €24,004 | €23,577 | -€427 | -1.8% |
| Other amounts payable | 47/48 | €7,902 | €4,396 | -€3,506 | -44.4% |
| Remuneration, social security and pensions | 62 | €491,699 | €524,882 | +€33,183 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,481 | €61,964 | +€12,483 | +25.2% |
| Other operating charges | 640/8 | €7,270 | €8,272 | +€1,002 | +13.8% |
| Gross operating margin | 9900 | €641,801 | €701,910 | +€60,109 | +9.4% |
| Operating profit (loss) | 9901 | €93,351 | €106,791 | +€13,440 | +14.4% |
| Financial income | 75/76B | €32,325 | €6,956 | -€25,370 | -78.5% |
| Recurring financial income | 75 | €7,592 | €6,956 | -€636 | -8.4% |
| Non-recurring financial income | 76B | €24,733 | - | -€24,733 | |
| Financial charges | 65/66B | €7,669 | €9,285 | +€1,616 | +21.1% |
| Recurring financial charges | 65 | €7,357 | €9,285 | +€1,928 | +26.2% |
| Non-recurring financial charges | 66B | €312 | - | -€312 | |
| Profit (loss) for the period before taxes | 9903 | €118,007 | €104,462 | -€13,545 | -11.5% |
| Income taxes | 67/77 | €35,436 | €31,181 | -€4,255 | -12.0% |
| Profit (loss) for the period | 9904 | €82,571 | €73,281 | -€9,290 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,571 | €73,281 | -€9,290 | -11.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.