WINLAB: 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.
WINLAB
Largest movements
- Cash +€81,586
up €81,586 (+78.4%), from €104,011 to €185,597
mainly Other debts (+€762,663) and Net result for the year (+€165,664)
- Current investments +€57,782
up €57,782 (+8.2%), from €708,411 to €766,194
- Other debts +€762,663
new in 2025: €762,663
- Profit (loss) carried forward -€749,998
down €749,998 (-98.3%), from €762,663 to €12,664
- Reserves +€153,000
new in 2025: €153,000
- Tax, wage and social debts -€23,332
down €23,332 (-47.4%), from €49,202 to €25,870
- Financial income +€30,931
up €30,931 (+166%), from €18,688 to €49,619
- Taxes +€26,610
up €26,610 (+58.7%), from €45,360 to €71,970
- Gross operating margin -€5,456
down €5,456 (-2.7%), from €204,201 to €198,745
- Financial charges +€3,734
up €3,734 (+70.7%), from €5,279 to €9,013
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 | €816,928 | €959,478 | +€142,550 | +17.4% |
| Fixed assets | 21/28 | €2,151 | €1,774 | -€377 | -17.5% |
| Tangible fixed assets | 22/27 | €2,151 | €1,774 | -€377 | -17.5% |
| Furniture and vehicles | 24 | €2,151 | €1,774 | -€377 | -17.5% |
| Current assets | 29/58 | €814,777 | €957,704 | +€142,927 | +17.5% |
| Amounts receivable within one year | 40/41 | €2,355 | €5,913 | +€3,558 | +151% |
| Trade receivables | 40 | €705 | €520 | -€185 | -26.2% |
| Other amounts receivable | 41 | €1,650 | €5,393 | +€3,743 | +227% |
| Current investments | 50/53 | €708,411 | €766,194 | +€57,782 | +8.2% |
| Cash at bank and in hand | 54/58 | €104,011 | €185,597 | +€81,586 | +78.4% |
| Total equity and liabilities | 10/49 | €816,928 | €959,478 | +€142,550 | +17.4% |
| Equity | 10/15 | €767,663 | €170,664 | -€596,998 | -77.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €153,000 | +€153,000 | |
| Distributable reserves | 133 | - | €153,000 | +€153,000 | |
| Profit (loss) carried forward | 14 | €762,663 | €12,664 | -€749,998 | -98.3% |
| Amounts payable | 17/49 | €49,265 | €788,814 | +€739,548 | +1,501% |
| Amounts payable within one year | 42/48 | €49,265 | €788,814 | +€739,548 | +1,501% |
| Trade debts | 44 | €64 | €281 | +€217 | +341% |
| Suppliers | 440/4 | €64 | €281 | +€217 | +341% |
| Taxes, remuneration and social security | 45 | €49,202 | €25,870 | -€23,332 | -47.4% |
| Taxes | 450/3 | €49,202 | €25,870 | -€23,332 | -47.4% |
| Other amounts payable | 47/48 | - | €762,663 | +€762,663 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,050 | €1,107 | +€57 | +5.5% |
| Other operating charges | 640/8 | €387 | €609 | +€222 | +57.3% |
| Gross operating margin | 9900 | €204,201 | €198,745 | -€5,456 | -2.7% |
| Operating profit (loss) | 9901 | €202,764 | €197,029 | -€5,735 | -2.8% |
| Financial income | 75/76B | €18,688 | €49,619 | +€30,931 | +166% |
| Recurring financial income | 75 | €18,688 | €49,619 | +€30,931 | +166% |
| Financial charges | 65/66B | €5,279 | €9,013 | +€3,734 | +70.7% |
| Recurring financial charges | 65 | €5,279 | €9,013 | +€3,734 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | €216,173 | €237,635 | +€21,461 | +9.9% |
| Income taxes | 67/77 | €45,360 | €71,970 | +€26,610 | +58.7% |
| Profit (loss) for the period | 9904 | €170,813 | €165,664 | -€5,149 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €170,813 | €165,664 | -€5,149 | -3.0% |
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 16 October 2026 via checked.be.