WINKELMANS & Co: 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.
WINKELMANS & Co
Largest movements
- Tangible fixed assets +€767,535
up €767,535 (+92.0%), from €833,884 to €1.6m
of which Land and buildings: +€778,096
- Other debts +€658,357
up €658,357 (+142%), from €462,373 to €1.1m
- Debts after one year +€118,500
up €118,500 (+59.3%), from €200,000 to €318,500
- Profit (loss) carried forward -€18,595
down €18,595 (-24.0%), from €77,398 to €58,803
- Gross operating margin +€32,465
up €32,465 (+320%), from €10,159 to €42,624
- Depreciation +€23,152
up €23,152 (+93.2%), from €24,831 to €47,983
- Taxes +€5,550
up €5,550, from -€5,367 to €182
- Financial charges +€1,828
up €1,828 (+55.4%), from €3,301 to €5,129
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 | €890,404 | €1,656,918 | +€766,514 | +86.1% |
| Fixed assets | 21/28 | €833,884 | €1,601,419 | +€767,535 | +92.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €833,884 | €1,601,419 | +€767,535 | +92.0% |
| Land and buildings | 22 | €817,685 | €1,595,781 | +€778,096 | +95.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €16,200 | €5,638 | -€10,561 | -65.2% |
| Current assets | 29/58 | €56,519 | €55,499 | -€1,020 | -1.8% |
| Amounts receivable within one year | 40/41 | €26,561 | €23,058 | -€3,504 | -13.2% |
| Trade receivables | 40 | €23,280 | €22,740 | -€540 | -2.3% |
| Other amounts receivable | 41 | €3,281 | €318 | -€2,963 | -90.3% |
| Cash at bank and in hand | 54/58 | €29,958 | €32,441 | +€2,483 | +8.3% |
| Total equity and liabilities | 10/49 | €890,404 | €1,656,918 | +€766,514 | +86.1% |
| Equity | 10/15 | €209,185 | €190,591 | -€18,595 | -8.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €113,196 | €113,196 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €113,196 | €113,196 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,398 | €58,803 | -€18,595 | -24.0% |
| Amounts payable | 17/49 | €681,218 | €1,466,327 | +€785,109 | +115% |
| Amounts payable after more than one year | 17 | €200,000 | €318,500 | +€118,500 | +59.3% |
| Financial debts | 170/4 | €200,000 | €318,500 | +€118,500 | +59.3% |
| Amounts payable within one year | 42/48 | €481,218 | €1,147,827 | +€666,609 | +139% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | €8,166 | €11,721 | +€3,555 | +43.5% |
| Suppliers | 440/4 | €8,166 | €11,721 | +€3,555 | +43.5% |
| Taxes, remuneration and social security | 45 | €10,679 | €15,376 | +€4,697 | +44.0% |
| Taxes | 450/3 | €14 | €4,426 | +€4,412 | +30,448% |
| Remuneration and social security | 454/9 | €10,665 | €10,950 | +€285 | +2.7% |
| Other amounts payable | 47/48 | €462,373 | €1,120,730 | +€658,357 | +142% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,147 | +€2,147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,831 | €47,983 | +€23,152 | +93.2% |
| Other operating charges | 640/8 | €7,764 | €7,924 | +€160 | +2.1% |
| Gross operating margin | 9900 | €10,159 | €42,624 | +€32,465 | +320% |
| Operating profit (loss) | 9901 | -€22,436 | -€13,283 | +€9,153 | +40.8% |
| Financial charges | 65/66B | €3,301 | €5,129 | +€1,828 | +55.4% |
| Recurring financial charges | 65 | €3,301 | €5,129 | +€1,828 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,737 | -€18,412 | +€7,325 | +28.5% |
| Income taxes | 67/77 | -€5,367 | €182 | +€5,550 | |
| Profit (loss) for the period | 9904 | -€20,370 | -€18,595 | +€1,775 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,370 | -€18,595 | +€1,775 | +8.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.