WINSEED: what changed
WINSEED
Largest movements
- Receivables within one year -€5,544
down €5,544 (-41.0%), from €13,535 to €7,991
- Tangible fixed assets -€1,033
down €1,033 (-62.2%), from €1,660 to €627
- Profit (loss) carried forward -€14,951
down €14,951 (-48.5%), from -€30,817 to -€45,768
- Other debts +€11,750
up €11,750 (+163%), from €7,192 to €18,942
- Tax, wage and social debts -€7,288
down €7,288 (-39.6%), from €18,390 to €11,102
- Trade debts +€3,891
up €3,891 (+123%), from €3,171 to €7,062
- Contributions +€1,860
up €1,860 (+10.0%), from €18,600 to €20,460
- Gross operating margin -€16,266
down €16,266, from €4,502 to -€11,764
- Other operating charges -€4,706
down €4,706 (-89.2%), from €5,273 to €567
- Taxes -€878
no longer reported in 2025 (was €878)
- Financial charges +€657
up €657 (+210%), from €313 to €970
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,396 | €11,798 | -€6,598 | -35.9% |
| Fixed assets | 21/28 | €4,840 | €3,807 | -€1,033 | -21.3% |
| Tangible fixed assets | 22/27 | €1,660 | €627 | -€1,033 | -62.2% |
| Furniture and vehicles | 24 | €1,660 | €627 | -€1,033 | -62.2% |
| Financial fixed assets | 28 | €3,180 | €3,180 | = | 0.0% |
| Current assets | 29/58 | €13,556 | €7,991 | -€5,565 | -41.1% |
| Amounts receivable within one year | 40/41 | €13,535 | €7,991 | -€5,544 | -41.0% |
| Trade receivables | 40 | €13,535 | €7,991 | -€5,544 | -41.0% |
| Cash at bank and in hand | 54/58 | €21 | - | -€21 | |
| Total equity and liabilities | 10/49 | €18,396 | €11,798 | -€6,598 | -35.9% |
| Equity | 10/15 | -€10,357 | -€25,308 | -€14,951 | -144% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€30,817 | -€45,768 | -€14,951 | -48.5% |
| Amounts payable | 17/49 | €28,753 | €37,106 | +€8,353 | +29.1% |
| Amounts payable within one year | 42/48 | €28,753 | €37,106 | +€8,353 | +29.1% |
| Trade debts | 44 | €3,171 | €7,062 | +€3,891 | +123% |
| Suppliers | 440/4 | €3,171 | €7,062 | +€3,891 | +123% |
| Taxes, remuneration and social security | 45 | €18,390 | €11,102 | -€7,288 | -39.6% |
| Taxes | 450/3 | €18,390 | €11,102 | -€7,288 | -39.6% |
| Other amounts payable | 47/48 | €7,192 | €18,942 | +€11,750 | +163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €926 | €970 | +€44 | +4.8% |
| Other operating charges | 640/8 | €5,273 | €567 | -€4,706 | -89.2% |
| Non-recurring operating charges | 66A | - | €680 | +€680 | |
| Gross operating margin | 9900 | €4,502 | -€11,764 | -€16,266 | |
| Operating profit (loss) | 9901 | -€1,697 | -€13,981 | -€12,284 | -724% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €313 | €970 | +€657 | +210% |
| Recurring financial charges | 65 | €313 | €970 | +€657 | +210% |
| Profit (loss) for the period before taxes | 9903 | -€2,008 | -€14,951 | -€12,943 | -645% |
| Income taxes | 67/77 | €878 | - | -€878 | |
| Profit (loss) for the period | 9904 | -€2,886 | -€14,951 | -€12,065 | -418% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,886 | -€14,951 | -€12,065 | -418% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.