WINOREIN: 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.
WINOREIN
Largest movements
- Tangible fixed assets +€91,657
up €91,657 (+22.2%), from €413,113 to €504,770
- Deferred charges and accrued income -€13,624
down €13,624 (-18.5%), from €73,843 to €60,219
- Debts after one year +€84,302
up €84,302 (+25.3%), from €332,600 to €416,902
- Other debts +€25,550
up €25,550 (+14.4%), from €176,880 to €202,430
- Profit (loss) carried forward -€17,944
down €17,944 (-23.7%), from -€75,653 to -€93,597
- Trade debts -€14,357
down €14,357 (-99.9%), from €14,368 to €11
- Other operating charges +€12,422
up €12,422 (+681.1%), from €1,824 to €14,246
- Gross operating margin -€2,698
down €2,698 (-12.9%), from €20,971 to €18,273
- Depreciation +€1,566
up €1,566 (+15.5%), from €10,128 to €11,694
- Financial charges +€523
up €523 (+5.4%), from €9,754 to €10,277
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 | €487,236 | €565,848 | +€78,612 | +16.1% |
| Fixed assets | 21/28 | €413,113 | €504,770 | +€91,657 | +22.2% |
| Tangible fixed assets | 22/27 | €413,113 | €504,770 | +€91,657 | +22.2% |
| Land and buildings | 22 | €413,113 | €504,770 | +€91,657 | +22.2% |
| Current assets | 29/58 | €74,123 | €61,078 | -€13,045 | -17.6% |
| Cash at bank and in hand | 54/58 | €280 | €859 | +€579 | +206.8% |
| Deferred charges and accrued income | 490/1 | €73,843 | €60,219 | -€13,624 | -18.5% |
| Total equity and liabilities | 10/49 | €487,236 | €565,848 | +€78,612 | +16.1% |
| Equity | 10/15 | -€65,653 | -€83,597 | -€17,944 | -27.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,653 | -€93,597 | -€17,944 | -23.7% |
| Amounts payable | 17/49 | €552,889 | €649,445 | +€96,556 | +17.5% |
| Amounts payable after more than one year | 17 | €332,600 | €416,902 | +€84,302 | +25.3% |
| Financial debts | 170/4 | €332,600 | €416,902 | +€84,302 | +25.3% |
| Amounts payable within one year | 42/48 | €218,947 | €230,139 | +€11,193 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €27,698 | €27,698 | = | 0.0% |
| Trade debts | 44 | €14,368 | €11 | -€14,357 | -99.9% |
| Suppliers | 440/4 | €14,368 | €11 | -€14,357 | -99.9% |
| Other amounts payable | 47/48 | €176,880 | €202,430 | +€25,550 | +14.4% |
| Accrued charges and deferred income | 492/3 | €1,342 | €2,404 | +€1,062 | +79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,128 | €11,694 | +€1,566 | +15.5% |
| Other operating charges | 640/8 | €1,824 | €14,246 | +€12,422 | +681.1% |
| Gross operating margin | 9900 | €20,971 | €18,273 | -€2,698 | -12.9% |
| Operating profit (loss) | 9901 | €9,019 | -€7,667 | -€16,686 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €9,754 | €10,277 | +€523 | +5.4% |
| Recurring financial charges | 65 | €9,754 | €10,277 | +€523 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€734 | -€17,944 | -€17,210 | -2343.6% |
| Profit (loss) for the period | 9904 | -€734 | -€17,944 | -€17,210 | -2343.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€734 | -€17,944 | -€17,210 | -2343.6% |
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.