WINOVA: 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.
WINOVA
Largest movements
- Cash -€37,081
down €37,081 (-32.4%), from €114,488 to €77,407
mainly Other debts (-€40,000) and Tax, wage and social debts (-€21,355)
- Receivables within one year -€28,197
down €28,197 (-61.9%), from €45,543 to €17,347
of which Trade receivables: -€23,625
- Tangible fixed assets -€1,944
down €1,944 (-38.9%), from €5,000 to €3,056
of which Furniture and vehicles: -€1,552
- Deferred charges and accrued income +€1,911
up €1,911 (+200%), from €956 to €2,866
- Other debts -€40,000
no longer reported in 2026 (was €40,000)
- Tax, wage and social debts -€21,355
down €21,355 (-68.2%), from €31,312 to €9,957
- Trade debts -€2,814
down €2,814 (-52.1%), from €5,398 to €2,584
- Gross operating margin -€77,332
down €77,332 (-98.9%), from €78,160 to €827
- Taxes -€21,838
down €21,838 (-99.1%), from €22,028 to €190
- Financial income -€3,150
down €3,150 (-80.8%), from €3,900 to €750
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,987 | €100,676 | -€65,311 | -39.3% |
| Fixed assets | 21/28 | €5,000 | €3,056 | -€1,944 | -38.9% |
| Tangible fixed assets | 22/27 | €5,000 | €3,056 | -€1,944 | -38.9% |
| Furniture and vehicles | 24 | €3,628 | €2,076 | -€1,552 | -42.8% |
| Other tangible fixed assets | 26 | €1,372 | €979 | -€392 | -28.6% |
| Current assets | 29/58 | €160,987 | €97,620 | -€63,367 | -39.4% |
| Amounts receivable within one year | 40/41 | €45,543 | €17,347 | -€28,197 | -61.9% |
| Trade receivables | 40 | €30,885 | €7,260 | -€23,625 | -76.5% |
| Other amounts receivable | 41 | €14,659 | €10,087 | -€4,572 | -31.2% |
| Cash at bank and in hand | 54/58 | €114,488 | €77,407 | -€37,081 | -32.4% |
| Deferred charges and accrued income | 490/1 | €956 | €2,866 | +€1,911 | +200% |
| Total equity and liabilities | 10/49 | €165,987 | €100,676 | -€65,311 | -39.3% |
| Equity | 10/15 | €89,276 | €88,134 | -€1,142 | -1.3% |
| Contributions | 10/11 | €84,615 | €84,615 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,661 | €3,519 | -€1,142 | -24.5% |
| Amounts payable | 17/49 | €76,711 | €12,541 | -€64,169 | -83.7% |
| Amounts payable within one year | 42/48 | €76,711 | €12,541 | -€64,169 | -83.7% |
| Trade debts | 44 | €5,398 | €2,584 | -€2,814 | -52.1% |
| Suppliers | 440/4 | €5,398 | €2,584 | -€2,814 | -52.1% |
| Taxes, remuneration and social security | 45 | €31,312 | €9,957 | -€21,355 | -68.2% |
| Taxes | 450/3 | €31,312 | €9,957 | -€21,355 | -68.2% |
| Other amounts payable | 47/48 | €40,000 | - | -€40,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €1,944 | +€245 | +14.4% |
| Other operating charges | 640/8 | €614 | €400 | -€215 | -34.9% |
| Gross operating margin | 9900 | €78,160 | €827 | -€77,332 | -98.9% |
| Operating profit (loss) | 9901 | €75,845 | -€1,517 | -€77,362 | |
| Financial income | 75/76B | €3,900 | €750 | -€3,150 | -80.8% |
| Recurring financial income | 75 | €3,900 | €750 | -€3,150 | -80.8% |
| Financial charges | 65/66B | €383 | €185 | -€197 | -51.6% |
| Recurring financial charges | 65 | €383 | €185 | -€197 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €79,363 | -€952 | -€80,315 | |
| Income taxes | 67/77 | €22,028 | €190 | -€21,838 | -99.1% |
| Profit (loss) for the period | 9904 | €57,335 | -€1,142 | -€58,477 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,335 | -€1,142 | -€58,477 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.