WINNOCK: 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.
WINNOCK
Largest movements
- Tangible fixed assets +€89,681
up €89,681 (+304.5%), from €29,456 to €119,137
of which Furniture and vehicles: +€90,991
- Cash +€37,268
up €37,268 (+1.3%), from €2.9m to €2.9m
mainly Net result for the year (+€504,424) and Depreciation (+€40,319)
- Reserves +€136,283
up €136,283 (+5.4%), from €2.5m to €2.7m
- Gross operating margin -€91,594
down €91,594 (-11.0%), from €831,793 to €740,199
- Taxes -€38,293
down €38,293 (-14.2%), from €270,361 to €232,068
- Depreciation +€16,625
up €16,625 (+70.2%), from €23,694 to €40,319
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 | €2,895,622 | €3,028,856 | +€133,234 | +4.6% |
| Fixed assets | 21/28 | €29,456 | €119,137 | +€89,681 | +304.5% |
| Tangible fixed assets | 22/27 | €29,456 | €119,137 | +€89,681 | +304.5% |
| Plant, machinery and equipment | 23 | €2,659 | €1,349 | -€1,310 | -49.3% |
| Furniture and vehicles | 24 | €26,797 | €117,788 | +€90,991 | +339.6% |
| Current assets | 29/58 | €2,866,166 | €2,909,719 | +€43,553 | +1.5% |
| Amounts receivable within one year | 40/41 | - | €2,907 | +€2,907 | |
| Other amounts receivable | 41 | - | €2,907 | +€2,907 | |
| Cash at bank and in hand | 54/58 | €2,863,656 | €2,900,924 | +€37,268 | +1.3% |
| Deferred charges and accrued income | 490/1 | €2,510 | €5,888 | +€3,378 | +134.6% |
| Total equity and liabilities | 10/49 | €2,895,622 | €3,028,856 | +€133,234 | +4.6% |
| Equity | 10/15 | €2,526,138 | €2,662,421 | +€136,283 | +5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,513,738 | €2,650,021 | +€136,283 | +5.4% |
| Distributable reserves | 133 | €2,513,738 | €2,650,021 | +€136,283 | +5.4% |
| Amounts payable | 17/49 | €369,484 | €366,435 | -€3,049 | -0.8% |
| Amounts payable within one year | 42/48 | €369,484 | €366,435 | -€3,049 | -0.8% |
| Taxes, remuneration and social security | 45 | €17,434 | €2,923 | -€14,511 | -83.2% |
| Taxes | 450/3 | €17,434 | €2,923 | -€14,511 | -83.2% |
| Other amounts payable | 47/48 | €352,050 | €363,512 | +€11,462 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,694 | €40,319 | +€16,625 | +70.2% |
| Gross operating margin | 9900 | €831,793 | €740,199 | -€91,594 | -11.0% |
| Operating profit (loss) | 9901 | €808,099 | €699,880 | -€108,219 | -13.4% |
| Financial income | 75/76B | €33,588 | €37,531 | +€3,943 | +11.7% |
| Recurring financial income | 75 | €33,588 | €37,531 | +€3,943 | +11.7% |
| Financial charges | 65/66B | €1,112 | €919 | -€193 | -17.4% |
| Recurring financial charges | 65 | €1,112 | €919 | -€193 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €840,575 | €736,492 | -€104,083 | -12.4% |
| Income taxes | 67/77 | €270,361 | €232,068 | -€38,293 | -14.2% |
| Profit (loss) for the period | 9904 | €570,214 | €504,424 | -€65,790 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €570,214 | €504,424 | -€65,790 | -11.5% |
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 1 October 2026 via checked.be.