Winmar: what changed
Two fiscal 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.
Winmar
Largest movements
- Tangible fixed assets +€151,289
up €151,289 (+75.4%), from €200,565 to €351,853
of which Other tangible fixed assets: +€178,839
- Receivables within one year +€14,502
up €14,502 (+51.0%), from €28,460 to €42,962
of which Other amounts receivable: +€14,079
- Trade debts +€203,590
up €203,590 (+536.2%), from €37,966 to €241,556
- Debts after one year -€117,000
down €117,000 (-80.1%), from €146,000 to €29,000
- Reserves +€57,258
up €57,258 (+107.9%), from €53,090 to €110,348
- Other debts +€22,983
up €22,983 (+28325.6%), from €81 to €23,065
- Tax, wage and social debts -€7,127
down €7,127 (-56.8%), from €12,551 to €5,424
of which Taxes: -€4,861
- Gross operating margin +€42,158
up €42,158 (+50.5%), from €83,552 to €125,710
- Depreciation +€21,217
up €21,217 (+69.2%), from €30,658 to €51,875
- Taxes +€2,473
up €2,473 (+29.1%), from €8,507 to €10,980
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 | €258,733 | €422,551 | +€163,818 | +63.3% |
| Fixed assets | 21/28 | €200,565 | €351,853 | +€151,289 | +75.4% |
| Tangible fixed assets | 22/27 | €200,565 | €351,853 | +€151,289 | +75.4% |
| Land and buildings | 22 | €9,678 | €9,466 | -€212 | -2.2% |
| Plant, machinery and equipment | 23 | - | €2,774 | +€2,774 | |
| Furniture and vehicles | 24 | €65,001 | €34,888 | -€30,113 | -46.3% |
| Other tangible fixed assets | 26 | €125,886 | €304,725 | +€178,839 | +142.1% |
| Current assets | 29/58 | €58,168 | €70,697 | +€12,530 | +21.5% |
| Amounts receivable within one year | 40/41 | €28,460 | €42,962 | +€14,502 | +51.0% |
| Trade receivables | 40 | €21,968 | €22,391 | +€423 | +1.9% |
| Other amounts receivable | 41 | €6,493 | €20,571 | +€14,079 | +216.8% |
| Cash at bank and in hand | 54/58 | €28,318 | €26,462 | -€1,856 | -6.6% |
| Deferred charges and accrued income | 490/1 | €1,389 | €1,273 | -€116 | -8.3% |
| Total equity and liabilities | 10/49 | €258,733 | €422,551 | +€163,818 | +63.3% |
| Equity | 10/15 | €58,090 | €115,348 | +€57,258 | +98.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,090 | €110,348 | +€57,258 | +107.9% |
| Distributable reserves | 133 | €53,090 | €110,348 | +€57,258 | +107.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €200,643 | €307,203 | +€106,560 | +53.1% |
| Amounts payable after more than one year | 17 | €146,000 | €29,000 | -€117,000 | -80.1% |
| Financial debts | 170/4 | €146,000 | €29,000 | -€117,000 | -80.1% |
| Amounts payable within one year | 42/48 | €50,597 | €270,044 | +€219,447 | +433.7% |
| Trade debts | 44 | €37,966 | €241,556 | +€203,590 | +536.2% |
| Suppliers | 440/4 | €37,966 | €241,556 | +€203,590 | +536.2% |
| Taxes, remuneration and social security | 45 | €12,551 | €5,424 | -€7,127 | -56.8% |
| Taxes | 450/3 | €6,901 | €2,040 | -€4,861 | -70.4% |
| Remuneration and social security | 454/9 | €5,650 | €3,384 | -€2,266 | -40.1% |
| Other amounts payable | 47/48 | €81 | €23,065 | +€22,983 | +28325.6% |
| Accrued charges and deferred income | 492/3 | €4,045 | €8,159 | +€4,114 | +101.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,658 | €51,875 | +€21,217 | +69.2% |
| Other operating charges | 640/8 | €866 | €1,181 | +€315 | +36.3% |
| Gross operating margin | 9900 | €83,552 | €125,710 | +€42,158 | +50.5% |
| Operating profit (loss) | 9901 | €52,028 | €72,654 | +€20,626 | +39.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,444 | €4,416 | -€28 | -0.6% |
| Recurring financial charges | 65 | €4,444 | €4,416 | -€28 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €47,584 | €68,238 | +€20,654 | +43.4% |
| Income taxes | 67/77 | €8,507 | €10,980 | +€2,473 | +29.1% |
| Profit (loss) for the period | 9904 | €39,077 | €57,258 | +€18,181 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,077 | €57,258 | +€18,181 | +46.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.