Winkhaus Belgium: 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.
Winkhaus Belgium
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Cash -€385,937
down €385,937 (-65.4%), from €589,738 to €203,802
mainly Current investments (-€500,000) and Contributions, distributions and other (-€377,987)
- Deferred charges and accrued income +€50,834
up €50,834 (+934%), from €5,441 to €56,275
- Tax, wage and social debts +€182,096
up €182,096 (+51.7%), from €352,313 to €534,409
of which Taxes: +€144,410
- Staff costs +€316,057
up €316,057 (+40.8%), from €775,278 to €1.1m
- Gross operating margin +€307,146
up €307,146 (+23.7%), from €1.3m to €1.6m
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 | €801,958 | €973,103 | +€171,144 | +21.3% |
| Fixed assets | 21/28 | €31,506 | €38,206 | +€6,700 | +21.3% |
| Tangible fixed assets | 22/27 | €27,706 | €34,406 | +€6,700 | +24.2% |
| Furniture and vehicles | 24 | €27,706 | €34,406 | +€6,700 | +24.2% |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €770,453 | €934,897 | +€164,444 | +21.3% |
| Amounts receivable within one year | 40/41 | €175,273 | €174,820 | -€453 | -0.3% |
| Trade receivables | 40 | €158,053 | €155,830 | -€2,223 | -1.4% |
| Other amounts receivable | 41 | €17,220 | €18,990 | +€1,770 | +10.3% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €589,738 | €203,802 | -€385,937 | -65.4% |
| Deferred charges and accrued income | 490/1 | €5,441 | €56,275 | +€50,834 | +934% |
| Total equity and liabilities | 10/49 | €801,958 | €973,103 | +€171,144 | +21.3% |
| Equity | 10/15 | €402,987 | €395,848 | -€7,139 | -1.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,987 | €370,848 | -€7,139 | -1.9% |
| Amounts payable | 17/49 | €398,971 | €577,254 | +€178,284 | +44.7% |
| Amounts payable within one year | 42/48 | €398,565 | €577,254 | +€178,689 | +44.8% |
| Trade debts | 44 | €46,253 | €42,673 | -€3,580 | -7.7% |
| Suppliers | 440/4 | €46,253 | €42,673 | -€3,580 | -7.7% |
| Taxes, remuneration and social security | 45 | €352,313 | €534,409 | +€182,096 | +51.7% |
| Taxes | 450/3 | €165,975 | €310,385 | +€144,410 | +87.0% |
| Remuneration and social security | 454/9 | €186,338 | €224,024 | +€37,686 | +20.2% |
| Other amounts payable | 47/48 | - | €173 | +€173 | |
| Accrued charges and deferred income | 492/3 | €406 | - | -€406 | |
| Remuneration, social security and pensions | 62 | €775,278 | €1,091,335 | +€316,057 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,894 | €5,876 | +€1,982 | +50.9% |
| Other operating charges | 640/8 | €122 | €3,384 | +€3,262 | +2,664% |
| Gross operating margin | 9900 | €1,297,424 | €1,604,571 | +€307,146 | +23.7% |
| Operating profit (loss) | 9901 | €518,129 | €503,976 | -€14,154 | -2.7% |
| Financial income | 75/76B | - | €2,142 | +€2,142 | |
| Recurring financial income | 75 | - | €2,142 | +€2,142 | |
| Financial charges | 65/66B | €1,069 | €1,288 | +€219 | +20.5% |
| Recurring financial charges | 65 | €1,069 | €1,288 | +€219 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €517,060 | €504,830 | -€12,231 | -2.4% |
| Income taxes | 67/77 | €139,073 | €133,981 | -€5,091 | -3.7% |
| Profit (loss) for the period | 9904 | €377,987 | €370,848 | -€7,139 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €377,987 | €370,848 | -€7,139 | -1.9% |
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 20 October 2026 via checked.be.