Winsearch: 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.
Winsearch
Largest movements
- Cash -€451,667
down €451,667 (-86.0%), from €525,322 to €73,655
mainly Trade debts (-€169,796) and Tax, wage and social debts (-€98,712)
- Intangible fixed assets +€59,901
up €59,901 (+222.2%), from €26,959 to €86,860
- Trade debts -€169,796
down €169,796 (-46.9%), from €362,155 to €192,359
- Tax, wage and social debts -€98,712
down €98,712 (-79.8%), from €123,675 to €24,963
of which Remuneration and social security: -€71,159
- Profit (loss) carried forward -€94,521
down €94,521 (-6.8%), from €1.4m to €1.3m
- Gross operating margin -€318,634
down €318,634 (-36.1%), from €882,192 to €563,558
- Taxes -€83,082
down €83,082 (-98.8%), from €84,053 to €971
- Write-downs +€34,125
up €34,125, from -€28,875 to €5,250
- Other operating charges +€33,850
up €33,850 (+2033.5%), from €1,665 to €35,515
- Staff costs -€27,633
down €27,633 (-4.3%), from €638,310 to €610,677
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 | €1,948,505 | €1,575,677 | -€372,828 | -19.1% |
| Fixed assets | 21/28 | €50,018 | €115,280 | +€65,262 | +130.5% |
| Intangible fixed assets | 21 | €26,959 | €86,860 | +€59,901 | +222.2% |
| Tangible fixed assets | 22/27 | €10,914 | €16,275 | +€5,361 | +49.1% |
| Plant, machinery and equipment | 23 | €9,063 | €5,642 | -€3,421 | -37.7% |
| Furniture and vehicles | 24 | €1,431 | €299 | -€1,132 | -79.1% |
| Other tangible fixed assets | 26 | €420 | €10,334 | +€9,914 | +2361.0% |
| Financial fixed assets | 28 | €12,145 | €12,145 | = | 0.0% |
| Current assets | 29/58 | €1,898,488 | €1,460,397 | -€438,090 | -23.1% |
| Amounts receivable within one year | 40/41 | €1,347,449 | €1,362,627 | +€15,178 | +1.1% |
| Trade receivables | 40 | €435,357 | €252,635 | -€182,722 | -42.0% |
| Other amounts receivable | 41 | €912,093 | €1,109,992 | +€197,900 | +21.7% |
| Cash at bank and in hand | 54/58 | €525,322 | €73,655 | -€451,667 | -86.0% |
| Deferred charges and accrued income | 490/1 | €25,716 | €24,116 | -€1,601 | -6.2% |
| Total equity and liabilities | 10/49 | €1,948,505 | €1,575,677 | -€372,828 | -19.1% |
| Equity | 10/15 | €1,449,912 | €1,355,390 | -€94,521 | -6.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,381,712 | €1,287,190 | -€94,521 | -6.8% |
| Amounts payable | 17/49 | €498,594 | €220,287 | -€278,307 | -55.8% |
| Amounts payable within one year | 42/48 | €498,594 | €217,322 | -€281,272 | -56.4% |
| Trade debts | 44 | €362,155 | €192,359 | -€169,796 | -46.9% |
| Suppliers | 440/4 | €362,155 | €192,359 | -€169,796 | -46.9% |
| Taxes, remuneration and social security | 45 | €123,675 | €24,963 | -€98,712 | -79.8% |
| Taxes | 450/3 | €36,004 | €8,450 | -€27,553 | -76.5% |
| Remuneration and social security | 454/9 | €87,671 | €16,512 | -€71,159 | -81.2% |
| Other amounts payable | 47/48 | €12,764 | - | -€12,764 | |
| Accrued charges and deferred income | 492/3 | - | €2,965 | +€2,965 | |
| Non-recurring operating income | 76A | - | €1,163 | +€1,163 | |
| Remuneration, social security and pensions | 62 | €638,310 | €610,677 | -€27,633 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,040 | €20,446 | +€9,406 | +85.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,875 | €5,250 | +€34,125 | |
| Other operating charges | 640/8 | €1,665 | €35,515 | +€33,850 | +2033.5% |
| Non-recurring operating charges | 66A | €2,517 | €2,454 | -€63 | -2.5% |
| Gross operating margin | 9900 | €882,192 | €563,558 | -€318,634 | -36.1% |
| Operating profit (loss) | 9901 | €257,536 | -€110,784 | -€368,319 | |
| Financial income | 75/76B | €34,156 | €32,554 | -€1,602 | -4.7% |
| Recurring financial income | 75 | €34,156 | €32,554 | -€1,602 | -4.7% |
| Financial charges | 65/66B | €9,159 | €15,321 | +€6,161 | +67.3% |
| Recurring financial charges | 65 | €9,159 | €15,321 | +€6,161 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €282,532 | -€93,550 | -€376,083 | |
| Income taxes | 67/77 | €84,053 | €971 | -€83,082 | -98.8% |
| Profit (loss) for the period | 9904 | €198,479 | -€94,521 | -€293,001 | |
| Profit (loss) for the period to be appropriated | 9905 | €198,479 | -€94,521 | -€293,001 |
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 9 October 2026 via checked.be.