WINNEN: 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.
WINNEN
Largest movements
- Tangible fixed assets +€53,191
up €53,191 (+185%), from €28,803 to €81,993
of which Furniture and vehicles: +€58,605
- Receivables within one year +€11,287
up €11,287 (+15.8%), from €71,451 to €82,739
of which Other amounts receivable: +€8,829
- Cash +€3,051
up €3,051 (+3.1%), from €99,955 to €103,005
mainly Net result for the year (+€97,351) and Depreciation (+€25,259)
- Reserves +€97,351
up €97,351 (+83.3%), from €116,890 to €214,241
- Tax, wage and social debts -€39,316
down €39,316 (-53.7%), from €73,158 to €33,842
of which Taxes: -€40,799
- Trade debts +€7,293
up €7,293 (+255%), from €2,863 to €10,156
- Gross operating margin +€87,936
up €87,936 (+47.9%), from €183,663 to €271,599
- Taxes +€32,184
up €32,184 (+297%), from €10,833 to €43,018
- Financial charges -€29,717
down €29,717 (-98.6%), from €30,147 to €430
of which Non-recurring financial charges: -€30,000
- Staff costs +€8,066
up €8,066 (+8.8%), from €92,134 to €100,201
- Depreciation +€7,566
up €7,566 (+42.8%), from €17,694 to €25,259
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 | €203,074 | €270,716 | +€67,643 | +33.3% |
| Fixed assets | 21/28 | €28,803 | €81,993 | +€53,191 | +185% |
| Tangible fixed assets | 22/27 | €28,803 | €81,993 | +€53,191 | +185% |
| Land and buildings | 22 | €12,509 | €11,109 | -€1,401 | -11.2% |
| Plant, machinery and equipment | 23 | €4,013 | €0 | -€4,013 | -100.0% |
| Furniture and vehicles | 24 | €12,280 | €70,884 | +€58,605 | +477% |
| Current assets | 29/58 | €174,271 | €188,723 | +€14,452 | +8.3% |
| Amounts receivable within one year | 40/41 | €71,451 | €82,739 | +€11,287 | +15.8% |
| Trade receivables | 40 | €17,285 | €19,743 | +€2,458 | +14.2% |
| Other amounts receivable | 41 | €54,167 | €62,996 | +€8,829 | +16.3% |
| Cash at bank and in hand | 54/58 | €99,955 | €103,005 | +€3,051 | +3.1% |
| Deferred charges and accrued income | 490/1 | €2,865 | €2,979 | +€114 | +4.0% |
| Total equity and liabilities | 10/49 | €203,074 | €270,716 | +€67,643 | +33.3% |
| Equity | 10/15 | €121,890 | €219,241 | +€97,351 | +79.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €116,890 | €214,241 | +€97,351 | +83.3% |
| Distributable reserves | 133 | €116,890 | €214,241 | +€97,351 | +83.3% |
| Amounts payable | 17/49 | €81,184 | €51,475 | -€29,709 | -36.6% |
| Amounts payable within one year | 42/48 | €77,485 | €48,136 | -€29,349 | -37.9% |
| Trade debts | 44 | €2,863 | €10,156 | +€7,293 | +255% |
| Suppliers | 440/4 | €2,863 | €10,156 | +€7,293 | +255% |
| Taxes, remuneration and social security | 45 | €73,158 | €33,842 | -€39,316 | -53.7% |
| Taxes | 450/3 | €58,755 | €17,956 | -€40,799 | -69.4% |
| Remuneration and social security | 454/9 | €14,403 | €15,886 | +€1,483 | +10.3% |
| Other amounts payable | 47/48 | €1,464 | €4,138 | +€2,674 | +183% |
| Accrued charges and deferred income | 492/3 | €3,699 | €3,339 | -€360 | -9.7% |
| Non-recurring operating income | 76A | - | €18,000 | +€18,000 | |
| Remuneration, social security and pensions | 62 | €92,134 | €100,201 | +€8,066 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,694 | €25,259 | +€7,566 | +42.8% |
| Other operating charges | 640/8 | €4,903 | €5,459 | +€556 | +11.3% |
| Non-recurring operating charges | 66A | - | €282 | +€282 | |
| Gross operating margin | 9900 | €183,663 | €271,599 | +€87,936 | +47.9% |
| Operating profit (loss) | 9901 | €68,932 | €140,398 | +€71,466 | +104% |
| Financial income | 75/76B | €225 | €402 | +€177 | +78.4% |
| Recurring financial income | 75 | €225 | €402 | +€177 | +78.4% |
| Financial charges | 65/66B | €30,147 | €430 | -€29,717 | -98.6% |
| Recurring financial charges | 65 | €147 | €430 | +€283 | +192% |
| Non-recurring financial charges | 66B | €30,000 | - | -€30,000 | |
| Profit (loss) for the period before taxes | 9903 | €39,010 | €140,369 | +€101,359 | +260% |
| Income taxes | 67/77 | €10,833 | €43,018 | +€32,184 | +297% |
| Profit (loss) for the period | 9904 | €28,177 | €97,351 | +€69,175 | +246% |
| Profit (loss) for the period to be appropriated | 9905 | €28,177 | €97,351 | +€69,175 | +246% |
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 14 October 2026 via checked.be.