WINSOLAR: 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.
WINSOLAR
Largest movements
- Tangible fixed assets +€285,170
up €285,170 (+464%), from €61,449 to €346,618
of which Land and buildings: +€274,140
- Receivables within one year +€121,229
up €121,229 (+82.5%), from €146,990 to €268,218
of which Trade receivables: +€106,672
- Cash +€45,068
up €45,068 (+175%), from €25,805 to €70,873
mainly Trade debts (+€258,031) and Debts after one year (+€209,980)
- Stocks and contracts +€33,995
up €33,995 (+81.4%), from €41,760 to €75,755
of which Stocks: +€41,473
- Trade debts +€258,031
up €258,031 (+276%), from €93,400 to €351,431
- Debts after one year +€209,980
up €209,980 (+485%), from €43,259 to €253,238
- Profit (loss) carried forward -€42,122
down €42,122, from €40,722 to -€1,400
- Accrued charges and deferred income +€38,678
up €38,678 (+70.1%), from €55,168 to €93,847
- Current portion of long-term debt +€13,576
up €13,576 (+78.1%), from €17,383 to €30,960
- Gross operating margin -€34,560
down €34,560 (-36.2%), from €95,374 to €60,814
- Depreciation +€11,341
up €11,341 (+47.4%), from €23,905 to €35,246
- Financial charges +€9,970
up €9,970 (+387%), from €2,575 to €12,545
- Other operating charges +€7,134
up €7,134 (+872%), from €818 to €7,952
- Staff costs -€6,657
down €6,657 (-12.0%), from €55,350 to €48,693
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €277,032 | €761,465 | +€484,433 | +175% |
| Fixed assets | 21/28 | €61,449 | €346,618 | +€285,170 | +464% |
| Tangible fixed assets | 22/27 | €61,449 | €346,618 | +€285,170 | +464% |
| Land and buildings | 22 | - | €274,140 | +€274,140 | |
| Plant, machinery and equipment | 23 | €972 | €37,879 | +€36,907 | +3,797% |
| Furniture and vehicles | 24 | €20,758 | €10,900 | -€9,858 | -47.5% |
| Other tangible fixed assets | 26 | €39,718 | €23,698 | -€16,020 | -40.3% |
| Current assets | 29/58 | €215,584 | €414,847 | +€199,263 | +92.4% |
| Stocks and contracts in progress | 3 | €41,760 | €75,755 | +€33,995 | +81.4% |
| Stocks | 30/36 | €33,032 | €74,505 | +€41,473 | +126% |
| Contracts in progress | 37 | €8,728 | €1,250 | -€7,478 | -85.7% |
| Amounts receivable within one year | 40/41 | €146,990 | €268,218 | +€121,229 | +82.5% |
| Trade receivables | 40 | €133,524 | €240,196 | +€106,672 | +79.9% |
| Other amounts receivable | 41 | €13,466 | €28,023 | +€14,557 | +108% |
| Cash at bank and in hand | 54/58 | €25,805 | €70,873 | +€45,068 | +175% |
| Deferred charges and accrued income | 490/1 | €1,029 | - | -€1,029 | |
| Total equity and liabilities | 10/49 | €277,032 | €761,465 | +€484,433 | +175% |
| Equity | 10/15 | €43,722 | €1,600 | -€42,122 | -96.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,722 | -€1,400 | -€42,122 | |
| Amounts payable | 17/49 | €233,310 | €759,865 | +€526,555 | +226% |
| Amounts payable after more than one year | 17 | €43,259 | €253,238 | +€209,980 | +485% |
| Financial debts | 170/4 | €43,259 | €253,238 | +€209,980 | +485% |
| Amounts payable within one year | 42/48 | €134,883 | €412,780 | +€277,897 | +206% |
| Current portion of amounts payable after more than one year | 42 | €17,383 | €30,960 | +€13,576 | +78.1% |
| Trade debts | 44 | €93,400 | €351,431 | +€258,031 | +276% |
| Suppliers | 440/4 | €93,400 | €351,431 | +€258,031 | +276% |
| Taxes, remuneration and social security | 45 | €14,171 | €14,350 | +€179 | +1.3% |
| Taxes | 450/3 | €3,619 | €3,619 | = | 0.0% |
| Remuneration and social security | 454/9 | €10,552 | €10,731 | +€179 | +1.7% |
| Other amounts payable | 47/48 | €9,929 | €16,040 | +€6,111 | +61.5% |
| Accrued charges and deferred income | 492/3 | €55,168 | €93,847 | +€38,678 | +70.1% |
| Remuneration, social security and pensions | 62 | €55,350 | €48,693 | -€6,657 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,905 | €35,246 | +€11,341 | +47.4% |
| Other operating charges | 640/8 | €818 | €7,952 | +€7,134 | +872% |
| Gross operating margin | 9900 | €95,374 | €60,814 | -€34,560 | -36.2% |
| Operating profit (loss) | 9901 | €15,301 | -€31,078 | -€46,379 | |
| Financial income | 75/76B | €2,021 | €1,501 | -€520 | -25.7% |
| Recurring financial income | 75 | €2,021 | €1,501 | -€520 | -25.7% |
| Financial charges | 65/66B | €2,575 | €12,545 | +€9,970 | +387% |
| Recurring financial charges | 65 | €2,575 | €12,545 | +€9,970 | +387% |
| Profit (loss) for the period before taxes | 9903 | €14,746 | -€42,122 | -€56,868 | |
| Income taxes | 67/77 | €3,619 | - | -€3,619 | |
| Profit (loss) for the period | 9904 | €11,127 | -€42,122 | -€53,249 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,127 | -€42,122 | -€53,249 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.