Winman: 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.
Winman
Largest movements
- Stocks and contracts +€994,780
new in 2025: €994,780
- Receivables within one year -€70,658
down €70,658 (-23.2%), from €304,779 to €234,121
of which Trade receivables: -€51,763
- Tangible fixed assets +€65,894
up €65,894 (+133.0%), from €49,557 to €115,451
of which Furniture and vehicles: +€68,624
- Cash +€60,560
up €60,560 (+81.8%), from €74,025 to €134,585
mainly Trade debts (+€1.1m) and Receivables within one year (+€70,658)
- Trade debts +€1.1m
up €1.1m (+559.8%), from €188,150 to €1.2m
- Debts after one year +€61,041
up €61,041 (+749.9%), from €8,140 to €69,181
- Tax, wage and social debts -€33,520
down €33,520 (-46.3%), from €72,470 to €38,950
of which Taxes: -€23,291
- Reserves -€24,469
down €24,469 (-62.4%), from €39,209 to €14,740
- Short-term financial debts -€18,408
down €18,408 (-100.0%), from €18,408 to €0
- Staff costs +€107,940
up €107,940 (+28.0%), from €385,118 to €493,058
- Gross operating margin +€96,588
up €96,588 (+17.9%), from €539,473 to €636,061
- Other operating charges +€12,615
up €12,615 (+191.4%), from €6,590 to €19,205
- Depreciation +€11,763
up €11,763 (+105.4%), from €11,164 to €22,927
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 | €436,795 | €1,489,140 | +€1.1m | +240.9% |
| Fixed assets | 21/28 | €53,384 | €118,500 | +€65,116 | +122.0% |
| Intangible fixed assets | 21 | €3,828 | €3,049 | -€779 | -20.3% |
| Tangible fixed assets | 22/27 | €49,557 | €115,451 | +€65,894 | +133.0% |
| Plant, machinery and equipment | 23 | €16,577 | €17,094 | +€517 | +3.1% |
| Furniture and vehicles | 24 | €18,716 | €87,340 | +€68,624 | +366.7% |
| Other tangible fixed assets | 26 | €14,264 | €11,017 | -€3,246 | -22.8% |
| Current assets | 29/58 | €383,411 | €1,370,640 | +€987,229 | +257.5% |
| Stocks and contracts in progress | 3 | - | €994,780 | +€994,780 | |
| Stocks | 30/36 | - | €994,780 | +€994,780 | |
| Amounts receivable within one year | 40/41 | €304,779 | €234,121 | -€70,658 | -23.2% |
| Trade receivables | 40 | €270,453 | €218,690 | -€51,763 | -19.1% |
| Other amounts receivable | 41 | €34,326 | €15,431 | -€18,895 | -55.0% |
| Cash at bank and in hand | 54/58 | €74,025 | €134,585 | +€60,560 | +81.8% |
| Deferred charges and accrued income | 490/1 | €4,607 | €7,153 | +€2,547 | +55.3% |
| Total equity and liabilities | 10/49 | €436,795 | €1,489,140 | +€1.1m | +240.9% |
| Equity | 10/15 | €57,759 | €33,290 | -€24,469 | -42.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €39,209 | €14,740 | -€24,469 | -62.4% |
| Distributable reserves | 133 | €39,209 | €14,740 | -€24,469 | -62.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €379,037 | €1,455,850 | +€1.1m | +284.1% |
| Amounts payable after more than one year | 17 | €8,140 | €69,181 | +€61,041 | +749.9% |
| Financial debts | 170/4 | €8,140 | €69,181 | +€61,041 | +749.9% |
| Amounts payable within one year | 42/48 | €370,897 | €1,386,669 | +€1.0m | +273.9% |
| Current portion of amounts payable after more than one year | 42 | €2,751 | €16,973 | +€14,222 | +517.0% |
| Financial debts | 43 | €18,408 | €0 | -€18,408 | -100.0% |
| Credit institutions | 430/8 | €18,408 | €0 | -€18,408 | -100.0% |
| Trade debts | 44 | €188,150 | €1,241,437 | +€1.1m | +559.8% |
| Suppliers | 440/4 | €188,150 | €1,241,437 | +€1.1m | +559.8% |
| Taxes, remuneration and social security | 45 | €72,470 | €38,950 | -€33,520 | -46.3% |
| Taxes | 450/3 | €43,166 | €19,875 | -€23,291 | -54.0% |
| Remuneration and social security | 454/9 | €29,304 | €19,075 | -€10,229 | -34.9% |
| Other amounts payable | 47/48 | €89,118 | €89,310 | +€192 | +0.2% |
| Remuneration, social security and pensions | 62 | €385,118 | €493,058 | +€107,940 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,164 | €22,927 | +€11,763 | +105.4% |
| Other operating charges | 640/8 | €6,590 | €19,205 | +€12,615 | +191.4% |
| Gross operating margin | 9900 | €539,473 | €636,061 | +€96,588 | +17.9% |
| Operating profit (loss) | 9901 | €136,601 | €100,872 | -€35,730 | -26.2% |
| Financial income | 75/76B | €278 | €376 | +€98 | +35.2% |
| Recurring financial income | 75 | €278 | €376 | +€98 | +35.2% |
| Financial charges | 65/66B | €3,714 | €6,309 | +€2,595 | +69.9% |
| Recurring financial charges | 65 | €3,714 | €6,309 | +€2,595 | +69.9% |
| Profit (loss) for the period before taxes | 9903 | €133,166 | €94,939 | -€38,227 | -28.7% |
| Income taxes | 67/77 | €30,922 | €29,996 | -€927 | -3.0% |
| Profit (loss) for the period | 9904 | €102,243 | €64,943 | -€37,300 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €102,243 | €64,943 | -€37,300 | -36.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.