Winlin: 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.
Winlin
Largest movements
- Cash -€25,826
down €25,826 (-84.4%), from €30,600 to €4,774
mainly Trade debts (-€90,065) and Debts after one year (-€26,568)
- Receivables within one year +€19,897
up €19,897 (+9.9%), from €201,993 to €221,891
of which Other amounts receivable: +€13,273
- Intangible fixed assets -€12,020
down €12,020 (-18.0%), from €66,952 to €54,932
- Tangible fixed assets -€11,810
down €11,810 (-13.7%), from €86,186 to €74,376
of which Plant, machinery and equipment: -€7,156
- Stocks and contracts -€5,000
down €5,000 (-24.4%), from €20,493 to €15,493
- Trade debts -€90,065
no longer reported in 2025 (was €90,065)
- Other debts +€87,840
up €87,840 (+668.8%), from €13,134 to €100,975
- Debts after one year -€26,568
down €26,568 (-14.2%), from €186,983 to €160,415
- Reserves -€5,552
down €5,552 (-15.2%), from €36,557 to €31,004
of which Distributable reserves: -€5,552
- Staff costs -€53,310
no longer reported in 2025 (was €53,310)
- Gross operating margin -€51,861
down €51,861 (-61.4%), from €84,492 to €32,632
- Financial income -€2,593
no longer reported in 2025 (was €2,593)
of which Financial income: -€2,593
- Financial charges +€2,418
up €2,418 (+29.1%), from €8,314 to €10,732
- Other operating charges +€912
up €912 (+92.4%), from €987 to €1,899
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 | €409,389 | €374,631 | -€34,758 | -8.5% |
| Fixed assets | 21/28 | €153,138 | €129,308 | -€23,830 | -15.6% |
| Intangible fixed assets | 21 | €66,952 | €54,932 | -€12,020 | -18.0% |
| Tangible fixed assets | 22/27 | €86,186 | €74,376 | -€11,810 | -13.7% |
| Land and buildings | 22 | €72,159 | €67,553 | -€4,606 | -6.4% |
| Plant, machinery and equipment | 23 | €12,249 | €5,093 | -€7,156 | -58.4% |
| Furniture and vehicles | 24 | €1,778 | €1,730 | -€48 | -2.7% |
| Current assets | 29/58 | €256,251 | €245,322 | -€10,928 | -4.3% |
| Stocks and contracts in progress | 3 | €20,493 | €15,493 | -€5,000 | -24.4% |
| Stocks | 30/36 | €20,493 | €15,493 | -€5,000 | -24.4% |
| Amounts receivable within one year | 40/41 | €201,993 | €221,891 | +€19,897 | +9.9% |
| Trade receivables | 40 | €197,126 | €203,750 | +€6,624 | +3.4% |
| Other amounts receivable | 41 | €4,867 | €18,140 | +€13,273 | +272.7% |
| Cash at bank and in hand | 54/58 | €30,600 | €4,774 | -€25,826 | -84.4% |
| Deferred charges and accrued income | 490/1 | €3,165 | €3,165 | = | 0.0% |
| Total equity and liabilities | 10/49 | €409,389 | €374,631 | -€34,758 | -8.5% |
| Equity | 10/15 | €55,157 | €49,604 | -€5,552 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,557 | €31,004 | -€5,552 | -15.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,697 | €29,144 | -€5,552 | -16.0% |
| Amounts payable | 17/49 | €354,232 | €325,026 | -€29,206 | -8.2% |
| Amounts payable after more than one year | 17 | €186,983 | €160,415 | -€26,568 | -14.2% |
| Financial debts | 170/4 | €186,983 | €160,415 | -€26,568 | -14.2% |
| Amounts payable within one year | 42/48 | €167,249 | €164,611 | -€2,638 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €25,797 | €26,568 | +€771 | +3.0% |
| Trade debts | 44 | €90,065 | - | -€90,065 | |
| Suppliers | 440/4 | €90,065 | - | -€90,065 | |
| Taxes, remuneration and social security | 45 | €38,252 | €37,068 | -€1,184 | -3.1% |
| Taxes | 450/3 | - | €20,614 | +€20,614 | |
| Remuneration and social security | 454/9 | €38,252 | €16,455 | -€21,797 | -57.0% |
| Other amounts payable | 47/48 | €13,134 | €100,975 | +€87,840 | +668.8% |
| Non-recurring operating income | 76A | - | €4,302 | +€4,302 | |
| Remuneration, social security and pensions | 62 | €53,310 | - | -€53,310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,422 | €25,553 | +€131 | +0.5% |
| Other operating charges | 640/8 | €987 | €1,899 | +€912 | +92.4% |
| Gross operating margin | 9900 | €84,492 | €32,632 | -€51,861 | -61.4% |
| Operating profit (loss) | 9901 | €4,773 | €5,180 | +€407 | +8.5% |
| Financial income | 75/76B | €2,593 | - | -€2,593 | |
| Recurring financial income | 75 | €2,593 | - | -€2,593 | |
| Non-recurring financial income | 76B | €2,593 | - | -€2,593 | |
| Financial charges | 65/66B | €8,314 | €10,732 | +€2,418 | +29.1% |
| Recurring financial charges | 65 | €8,314 | €10,732 | +€2,418 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | -€948 | -€5,552 | -€4,605 | -485.8% |
| Profit (loss) for the period | 9904 | -€948 | -€5,552 | -€4,605 | -485.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€948 | -€5,552 | -€4,605 | -485.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.