WINNINGMOOD: 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.
WINNINGMOOD
Largest movements
- Tangible fixed assets -€76,841
down €76,841 (-19.6%), from €391,553 to €314,712
of which Land and buildings: -€66,824
- Cash +€16,919
up €16,919 (+2,200%), from €769 to €17,688
- Trade debts -€68,264
down €68,264 (-70.0%), from €97,541 to €29,277
- Profit (loss) carried forward +€64,901
no longer reported in 2025 (was -€64,901)
- Debts after one year -€46,581
down €46,581 (-49.2%), from €94,620 to €48,039
- Current portion of long-term debt -€12,272
down €12,272 (-38.3%), from €32,019 to €19,747
- Reserves +€6,651
up €6,651 (+13.4%), from €49,526 to €56,177
of which Distributable reserves: +€6,651
- Gross operating margin +€34,671
up €34,671 (+81.6%), from €42,514 to €77,185
- Financial charges -€12,023
down €12,023 (-63.9%), from €18,818 to €6,795
- Financial income +€7,570
up €7,570 (+821%), from €922 to €8,492
of which Non-recurring financial income: +€8,080
- Depreciation -€6,698
down €6,698 (-13.3%), from €50,305 to €43,608
- Other operating charges -€5,091
down €5,091 (-69.5%), from €7,321 to €2,230
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €458,211 | €403,658 | -€54,553 | -11.9% |
| Fixed assets | 21/28 | €391,553 | €317,212 | -€74,341 | -19.0% |
| Tangible fixed assets | 22/27 | €391,553 | €314,712 | -€76,841 | -19.6% |
| Land and buildings | 22 | €364,180 | €297,356 | -€66,824 | -18.3% |
| Plant, machinery and equipment | 23 | €17,745 | €12,486 | -€5,258 | -29.6% |
| Furniture and vehicles | 24 | €9,629 | €4,870 | -€4,759 | -49.4% |
| Financial fixed assets | 28 | €0 | €2,500 | +€2,500 | |
| Current assets | 29/58 | €66,658 | €86,446 | +€19,787 | +29.7% |
| Stocks and contracts in progress | 3 | €43,500 | €47,500 | +€4,000 | +9.2% |
| Stocks | 30/36 | €43,500 | €47,500 | +€4,000 | +9.2% |
| Amounts receivable within one year | 40/41 | €20,868 | €19,606 | -€1,262 | -6.0% |
| Trade receivables | 40 | €5,427 | €6,768 | +€1,341 | +24.7% |
| Other amounts receivable | 41 | €15,440 | €12,838 | -€2,602 | -16.9% |
| Cash at bank and in hand | 54/58 | €769 | €17,688 | +€16,919 | +2,200% |
| Deferred charges and accrued income | 490/1 | €1,522 | €1,652 | +€130 | +8.5% |
| Total equity and liabilities | 10/49 | €458,211 | €403,658 | -€54,553 | -11.9% |
| Equity | 10/15 | €3,225 | €74,777 | +€71,552 | +2,218% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,526 | €56,177 | +€6,651 | +13.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,666 | €54,317 | +€6,651 | +14.0% |
| Profit (loss) carried forward | 14 | -€64,901 | - | +€64,901 | |
| Amounts payable | 17/49 | €454,986 | €328,881 | -€126,105 | -27.7% |
| Amounts payable after more than one year | 17 | €94,620 | €48,039 | -€46,581 | -49.2% |
| Financial debts | 170/4 | €94,620 | €48,039 | -€46,581 | -49.2% |
| Amounts payable within one year | 42/48 | €360,366 | €280,841 | -€79,524 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €32,019 | €19,747 | -€12,272 | -38.3% |
| Trade debts | 44 | €97,541 | €29,277 | -€68,264 | -70.0% |
| Suppliers | 440/4 | €97,541 | €29,277 | -€68,264 | -70.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,141 | €16,050 | +€5,909 | +58.3% |
| Taxes | 450/3 | €8,190 | €13,590 | +€5,400 | +65.9% |
| Remuneration and social security | 454/9 | €1,951 | €2,461 | +€510 | +26.1% |
| Other amounts payable | 47/48 | €220,665 | €215,767 | -€4,898 | -2.2% |
| Non-recurring operating income | 76A | - | €3,823 | +€3,823 | |
| Remuneration, social security and pensions | 62 | €22,116 | €21,978 | -€138 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,305 | €43,608 | -€6,698 | -13.3% |
| Other operating charges | 640/8 | €7,321 | €2,230 | -€5,091 | -69.5% |
| Gross operating margin | 9900 | €42,514 | €77,185 | +€34,671 | +81.6% |
| Operating profit (loss) | 9901 | -€37,228 | €9,370 | +€46,598 | |
| Financial income | 75/76B | €922 | €8,492 | +€7,570 | +821% |
| Recurring financial income | 75 | €522 | €12 | -€510 | -97.7% |
| Non-recurring financial income | 76B | €400 | €8,480 | +€8,080 | +2,020% |
| Financial charges | 65/66B | €18,818 | €6,795 | -€12,023 | -63.9% |
| Recurring financial charges | 65 | €18,818 | €6,795 | -€12,023 | -63.9% |
| Profit (loss) for the period before taxes | 9903 | -€55,124 | €11,067 | +€66,191 | |
| Income taxes | 67/77 | -€2,811 | €1,045 | +€3,856 | |
| Profit (loss) for the period | 9904 | -€52,313 | €10,022 | +€62,335 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,313 | €10,022 | +€62,335 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 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.