WINSOL GROUP: 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.
What changed
WINSOL GROUP
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.5m
2024 · €698,463+€2.8m
Equity
€28.1m
2024 · €25.2m+€2.9m
Cash
-
2024 · €35,551-€35,551
Balance sheet total
€28.2m
2024 · €25.9m+€2.3m
Largest movements
Assets
- Receivables within one year +€1.6m
up €1.6m (+10,388%), from €15,247 to €1.6m
of which Other amounts receivable: +€1.6m
- Tangible fixed assets +€1.5m
up €1.5m (+36.8%), from €3.9m to €5.4m
of which Land and buildings: +€4.3m
- Receivables after one year -€765,000
down €765,000 (-4.7%), from €16.2m to €15.4m
Equity and liabilities
- Profit (loss) carried forward +€3.5m
new in 2025: €3.5m
- Other debts -€683,608
no longer reported in 2025 (was €683,608)
- Revaluation surpluses -€593,525
down €593,525 (-15.6%), from €3.8m to €3.2m
Income statement
- Taxes +€905,716
up €905,716 (+186,977%), from €484 to €906,201
- Financial income -€420,291
down €420,291 (-51.4%), from €818,026 to €397,735
- Financial charges -€60,645
down €60,645 (-40.7%), from €148,856 to €88,211
- Other operating income +€49,459
up €49,459 (+21.1%), from €234,465 to €283,924
- Services and other goods +€15,812
up €15,812 (+4.6%), from €344,319 to €360,131
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.
Result 2024
€698,463
Other operating income
+€49,459
Services and other goods
-€15,812
Depreciation
-€10,362
Other operating charges
-€829
Other operating items
+€4.0m
Financial income
-€420,291
Financial charges
+€60,645
Taxes
-€905,716
Result 2025
€3.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€2.0m
Investment
-€1.5m
Financing
-€593,525
Cash 2024
€35,551
From operations (derived)
+€2.0m
Net result for the year
+€3.5m
Depreciation
+€10,362
Receivables after one year
+€765,000
Receivables within one year
-€1.6m
Deferred charges and accrued income
-€40,115
Smaller working-capital items
+€433
Tax, wage and social debts
+€81,201
Other debts
-€683,608
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
-€593,525
Contributions, distributions and other
-€593,525
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,920,220 | €28,195,846 | +€2.3m | +8.8% |
| Fixed assets | 21/28 | €9,695,619 | €11,147,780 | +€1.5m | +15.0% |
| Tangible fixed assets | 22/27 | €3,948,738 | €5,400,899 | +€1.5m | +36.8% |
| Land and buildings | 22 | - | €4,283,182 | +€4.3m | |
| Other tangible fixed assets | 26 | €3,948,738 | €1,117,717 | -€2.8m | -71.7% |
| Financial fixed assets | 28 | €5,746,881 | €5,746,881 | = | 0.0% |
| Affiliated companies | 280/1 | €5,746,881 | €5,746,881 | = | 0.0% |
| Participating interests | 280 | €5,746,881 | €5,746,881 | = | 0.0% |
| Current assets | 29/58 | €16,224,601 | €17,048,065 | +€823,464 | +5.1% |
| Amounts receivable after more than one year | 29 | €16,161,430 | €15,396,430 | -€765,000 | -4.7% |
| Other amounts receivable | 291 | €16,161,430 | €15,396,430 | -€765,000 | -4.7% |
| Amounts receivable within one year | 40/41 | €15,247 | €1,599,148 | +€1.6m | +10,388% |
| Trade receivables | 40 | €197 | €11,968 | +€11,770 | +5,961% |
| Other amounts receivable | 41 | €15,050 | €1,587,180 | +€1.6m | +10,446% |
| Cash at bank and in hand | 54/58 | €35,551 | - | -€35,551 | |
| Deferred charges and accrued income | 490/1 | €12,372 | €52,487 | +€40,115 | +324% |
| Total equity and liabilities | 10/49 | €25,920,220 | €28,195,846 | +€2.3m | +8.8% |
| Equity | 10/15 | €25,233,349 | €28,110,950 | +€2.9m | +11.4% |
| Contributions | 10/11 | €971,660 | €971,660 | = | 0.0% |
| Capital | 10 | €951,758 | €951,758 | = | 0.0% |
| Issued capital | 100 | €951,758 | €951,758 | = | 0.0% |
| Contributions outside capital | 11 | €19,902 | €19,902 | = | 0.0% |
| Share premium | 1100/10 | €19,902 | €19,902 | = | 0.0% |
| Revaluation surpluses | 12 | €3,799,873 | €3,206,348 | -€593,525 | -15.6% |
| Reserves | 13 | €20,461,817 | €20,461,817 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,337,720 | €10,337,720 | = | 0.0% |
| Legal reserve | 130 | €95,176 | €95,176 | = | 0.0% |
| Financial assistance | 1313 | €10,242,544 | €10,242,544 | = | 0.0% |
| Tax-exempt reserves | 132 | €662,316 | €662,316 | = | 0.0% |
| Distributable reserves | 133 | €9,461,782 | €9,461,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,471,125 | +€3.5m | |
| Amounts payable | 17/49 | €686,870 | €84,896 | -€601,974 | -87.6% |
| Amounts payable within one year | 42/48 | €686,827 | €84,896 | -€601,931 | -87.6% |
| Trade debts | 44 | €3,219 | €3,695 | +€477 | +14.8% |
| Suppliers | 440/4 | €3,219 | €3,695 | +€477 | +14.8% |
| Taxes, remuneration and social security | 45 | - | €81,201 | +€81,201 | |
| Taxes | 450/3 | - | €81,201 | +€81,201 | |
| Other amounts payable | 47/48 | €683,608 | - | -€683,608 | |
| Accrued charges and deferred income | 492/3 | €43 | - | -€43 | |
| Operating income | 70/76A | €378,078 | €4,443,106 | +€4.1m | +1,075% |
| Turnover | 70 | €143,614 | €143,614 | = | 0.0% |
| Other operating income | 74 | €234,465 | €283,924 | +€49,459 | +21.1% |
| Non-recurring operating income | 76A | - | €4,015,569 | +€4.0m | |
| Operating charges | 60/66A | €348,302 | €375,305 | +€27,003 | +7.8% |
| Services and other goods | 61 | €344,319 | €360,131 | +€15,812 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,362 | +€10,362 | |
| Other operating charges | 640/8 | €3,983 | €4,811 | +€829 | +20.8% |
| Operating profit (loss) | 9901 | €29,777 | €4,067,802 | +€4.0m | +13,561% |
| Financial income | 75/76B | €818,026 | €397,735 | -€420,291 | -51.4% |
| Recurring financial income | 75 | €818,026 | €397,735 | -€420,291 | -51.4% |
| Income from current assets | 751 | €818,026 | €397,735 | -€420,291 | -51.4% |
| Financial charges | 65/66B | €148,856 | €88,211 | -€60,645 | -40.7% |
| Recurring financial charges | 65 | €148,856 | €88,211 | -€60,645 | -40.7% |
| Debt charges | 650 | €71,303 | €45,307 | -€25,996 | -36.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €77,510 | €42,140 | -€35,370 | -45.6% |
| Other financial charges | 652/9 | €43 | €765 | +€721 | +1,658% |
| Profit (loss) for the period before taxes | 9903 | €698,947 | €4,377,326 | +€3.7m | +526% |
| Income taxes | 67/77 | €484 | €906,201 | +€905,716 | +186,977% |
| Taxes | 670/3 | €484 | €906,201 | +€905,716 | +186,977% |
| Profit (loss) for the period | 9904 | €698,463 | €3,471,125 | +€2.8m | +397% |
| Profit (loss) for the period to be appropriated | 9905 | €698,463 | €3,471,125 | +€2.8m | +397% |
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 18 October 2026 via checked.be.