WINNETKA: 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.
What changed
WINNETKA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€22,353
2024 · €53,454-€31,100
Equity
€763,416
2024 · €741,063+€22,353
Cash
€8,316
2024 · €14,733-€6,417
Balance sheet total
€3.7m
2024 · €3.6m+€121,690
Largest movements
Assets
- Tangible fixed assets +€80,230
up €80,230 (+13.1%), from €611,359 to €691,589
of which Land and buildings: +€72,861
- Receivables within one year +€61,872
up €61,872 (+69.6%), from €88,848 to €150,719
of which Other amounts receivable: +€41,072
Equity and liabilities
- Debts after one year +€178,986
up €178,986 (+10.3%), from €1.7m to €1.9m
- Other debts -€114,090
down €114,090 (-73.0%), from €156,383 to €42,293
- Short-term financial debts +€50,000
up €50,000 (+8.3%), from €600,000 to €650,000
Income statement
- Gross operating margin -€45,647
down €45,647 (-24.9%), from €183,012 to €137,365
- Financial charges -€16,830
down €16,830 (-17.9%), from €93,860 to €77,030
- Depreciation +€15,875
up €15,875 (+23.3%), from €68,230 to €84,105
- Staff costs -€9,352
down €9,352 (-74.0%), from €12,633 to €3,282
- Financial income +€4,256
up €4,256 (+8.5%), from €50,092 to €54,347
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.
Result 2024
€53,454
Gross operating margin
-€45,647
Staff costs
+€9,352
Depreciation
-€15,875
Other operating charges
+€43
Financial income
+€4,256
Financial charges
+€16,830
Taxes
-€1
Deferred taxes and other
-€58
Result 2025
€22,353
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.
From operations
-€55,768
Investment
-€179,635
Financing
+€228,986
Cash 2024
€14,733
From operations (derived)
-€55,768
Net result for the year
+€22,353
Depreciation
+€84,105
Receivables after one year
+€29,236
Receivables within one year
-€61,872
Deferred charges and accrued income
+€59
Provisions
-€519
Trade debts
+€685
Tax, wage and social debts
-€19,617
Other debts
-€114,090
Accrued charges and deferred income
+€3,891
Investment (derived)
-€179,635
Investment in fixed assets (net)
-€164,635
Current investments
-€15,000
Financing
+€228,986
Debts after one year
+€178,986
Short-term financial debts
+€50,000
Cash 2025
€8,316
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,593,722 | €3,715,412 | +€121,690 | +3.4% |
| Fixed assets | 21/28 | €1,773,859 | €1,854,389 | +€80,530 | +4.5% |
| Tangible fixed assets | 22/27 | €611,359 | €691,589 | +€80,230 | +13.1% |
| Land and buildings | 22 | €589,308 | €662,169 | +€72,861 | +12.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €22,051 | €29,420 | +€7,369 | +33.4% |
| Financial fixed assets | 28 | €1,162,500 | €1,162,800 | +€300 | 0.0% |
| Current assets | 29/58 | €1,819,863 | €1,861,023 | +€41,160 | +2.3% |
| Amounts receivable after more than one year | 29 | €1,714,284 | €1,685,047 | -€29,236 | -1.7% |
| Other amounts receivable | 291 | €1,714,284 | €1,685,047 | -€29,236 | -1.7% |
| Amounts receivable within one year | 40/41 | €88,848 | €150,719 | +€61,872 | +69.6% |
| Trade receivables | 40 | - | €20,800 | +€20,800 | |
| Other amounts receivable | 41 | €88,848 | €129,919 | +€41,072 | +46.2% |
| Current investments | 50/53 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €14,733 | €8,316 | -€6,417 | -43.6% |
| Deferred charges and accrued income | 490/1 | €1,999 | €1,940 | -€59 | -2.9% |
| Total equity and liabilities | 10/49 | €3,593,722 | €3,715,412 | +€121,690 | +3.4% |
| Equity | 10/15 | €741,063 | €763,416 | +€22,353 | +3.0% |
| Contributions | 10/11 | €527,705 | €527,705 | = | 0.0% |
| Reserves | 13 | €70,004 | €68,446 | -€1,557 | -2.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €15,573 | €14,015 | -€1,557 | -10.0% |
| Distributable reserves | 133 | €54,431 | €54,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,353 | €167,264 | +€23,911 | +16.7% |
| Provisions and deferred taxes | 16 | €5,191 | €4,672 | -€519 | -10.0% |
| Deferred taxes | 168 | €5,191 | €4,672 | -€519 | -10.0% |
| Amounts payable | 17/49 | €2,847,469 | €2,947,324 | +€99,855 | +3.5% |
| Amounts payable after more than one year | 17 | €1,734,813 | €1,913,799 | +€178,986 | +10.3% |
| Financial debts | 170/4 | €1,734,813 | €1,913,799 | +€178,986 | +10.3% |
| Amounts payable within one year | 42/48 | €1,055,671 | €972,649 | -€83,022 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 43 | €600,000 | €650,000 | +€50,000 | +8.3% |
| Credit institutions | 430/8 | €600,000 | €650,000 | +€50,000 | +8.3% |
| Trade debts | 44 | €29,075 | €29,760 | +€685 | +2.4% |
| Suppliers | 440/4 | €29,075 | €29,760 | +€685 | +2.4% |
| Taxes, remuneration and social security | 45 | €20,213 | €596 | -€19,617 | -97.1% |
| Taxes | 450/3 | €18,916 | €337 | -€18,579 | -98.2% |
| Remuneration and social security | 454/9 | €1,297 | €259 | -€1,038 | -80.0% |
| Other amounts payable | 47/48 | €156,383 | €42,293 | -€114,090 | -73.0% |
| Accrued charges and deferred income | 492/3 | €56,985 | €60,876 | +€3,891 | +6.8% |
| Remuneration, social security and pensions | 62 | €12,633 | €3,282 | -€9,352 | -74.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,230 | €84,105 | +€15,875 | +23.3% |
| Other operating charges | 640/8 | €5,503 | €5,460 | -€43 | -0.8% |
| Gross operating margin | 9900 | €183,012 | €137,365 | -€45,647 | -24.9% |
| Operating profit (loss) | 9901 | €96,646 | €44,518 | -€52,128 | -53.9% |
| Financial income | 75/76B | €50,092 | €54,347 | +€4,256 | +8.5% |
| Recurring financial income | 75 | €50,092 | €54,347 | +€4,256 | +8.5% |
| Financial charges | 65/66B | €93,860 | €77,030 | -€16,830 | -17.9% |
| Recurring financial charges | 65 | €93,860 | €77,030 | -€16,830 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €52,877 | €21,835 | -€31,042 | -58.7% |
| Transfer from deferred taxes | 780 | €577 | €519 | -€58 | -10.0% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | €53,454 | €22,353 | -€31,100 | -58.2% |
| Transfer from tax-exempt reserves | 789 | €1,730 | €1,557 | -€173 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,184 | €23,911 | -€31,273 | -56.7% |
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 10 October 2026 via checked.be.