WINSPIRE: 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.
WINSPIRE
Largest movements
- Receivables within one year -€50,594
down €50,594 (-58.9%), from €85,940 to €35,347
of which Trade receivables: -€50,431
- Cash -€20,360
down €20,360 (-73.4%), from €27,719 to €7,360
mainly Trade debts (-€55,777) and Contributions, distributions and other (-€36,471)
- Stocks and contracts -€8,900
down €8,900 (-23.3%), from €38,135 to €29,236
of which Contracts in progress: -€5,440
- Receivables after one year -€7,899
down €7,899 (-43.1%), from €18,319 to €10,421
- Tangible fixed assets -€3,678
down €3,678 (-60.8%), from €6,048 to €2,370
of which Plant, machinery and equipment: -€3,447
- Trade debts -€55,777
down €55,777 (-75.5%), from €73,866 to €18,090
- Profit (loss) carried forward -€41,830
down €41,830 (-57.8%), from €72,318 to €30,488
- Other debts +€17,284
up €17,284 (+120%), from €14,460 to €31,745
- Tax, wage and social debts -€11,606
down €11,606 (-77.3%), from €15,010 to €3,404
- Gross operating margin -€42,059
down €42,059 (-96.2%), from €43,708 to €1,649
- Taxes -€8,023
no longer reported in 2025 (was €8,023)
- Financial charges +€1,215
up €1,215 (+134%), from €905 to €2,120
- Other operating charges +€944
up €944 (+194%), from €485 to €1,429
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,298 | €87,370 | -€91,928 | -51.3% |
| Fixed assets | 21/28 | €7,004 | €2,826 | -€4,178 | -59.6% |
| Intangible fixed assets | 21 | €956 | €456 | -€500 | -52.3% |
| Tangible fixed assets | 22/27 | €6,048 | €2,370 | -€3,678 | -60.8% |
| Plant, machinery and equipment | 23 | €5,817 | €2,370 | -€3,447 | -59.3% |
| Furniture and vehicles | 24 | €231 | - | -€231 | |
| Current assets | 29/58 | €172,294 | €84,544 | -€87,750 | -50.9% |
| Amounts receivable after more than one year | 29 | €18,319 | €10,421 | -€7,899 | -43.1% |
| Other amounts receivable | 291 | €18,319 | €10,421 | -€7,899 | -43.1% |
| Stocks and contracts in progress | 3 | €38,135 | €29,236 | -€8,900 | -23.3% |
| Stocks | 30/36 | €16,579 | €13,120 | -€3,460 | -20.9% |
| Contracts in progress | 37 | €21,556 | €16,116 | -€5,440 | -25.2% |
| Amounts receivable within one year | 40/41 | €85,940 | €35,347 | -€50,594 | -58.9% |
| Trade receivables | 40 | €79,978 | €29,547 | -€50,431 | -63.1% |
| Other amounts receivable | 41 | €5,963 | €5,800 | -€163 | -2.7% |
| Cash at bank and in hand | 54/58 | €27,719 | €7,360 | -€20,360 | -73.4% |
| Deferred charges and accrued income | 490/1 | €2,179 | €2,181 | +€2 | +0.1% |
| Total equity and liabilities | 10/49 | €179,298 | €87,370 | -€91,928 | -51.3% |
| Equity | 10/15 | €75,918 | €34,088 | -€41,830 | -55.1% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,318 | €30,488 | -€41,830 | -57.8% |
| Amounts payable | 17/49 | €103,380 | €53,282 | -€50,098 | -48.5% |
| Amounts payable within one year | 42/48 | €103,336 | €53,238 | -€50,098 | -48.5% |
| Trade debts | 44 | €73,866 | €18,090 | -€55,777 | -75.5% |
| Suppliers | 440/4 | €73,866 | €18,090 | -€55,777 | -75.5% |
| Taxes, remuneration and social security | 45 | €15,010 | €3,404 | -€11,606 | -77.3% |
| Taxes | 450/3 | €15,010 | €3,404 | -€11,606 | -77.3% |
| Other amounts payable | 47/48 | €14,460 | €31,745 | +€17,284 | +120% |
| Accrued charges and deferred income | 492/3 | €44 | €44 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,202 | €4,178 | -€24 | -0.6% |
| Other operating charges | 640/8 | €485 | €1,429 | +€944 | +194% |
| Non-recurring operating charges | 66A | €6,606 | - | -€6,606 | |
| Gross operating margin | 9900 | €43,708 | €1,649 | -€42,059 | -96.2% |
| Operating profit (loss) | 9901 | €32,414 | -€3,958 | -€36,372 | |
| Financial income | 75/76B | €774 | €719 | -€55 | -7.1% |
| Recurring financial income | 75 | €774 | €719 | -€55 | -7.1% |
| Financial charges | 65/66B | €905 | €2,120 | +€1,215 | +134% |
| Recurring financial charges | 65 | €905 | €2,120 | +€1,215 | +134% |
| Profit (loss) for the period before taxes | 9903 | €32,283 | -€5,359 | -€37,642 | |
| Income taxes | 67/77 | €8,023 | - | -€8,023 | |
| Profit (loss) for the period | 9904 | €24,259 | -€5,359 | -€29,619 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,259 | -€5,359 | -€29,619 |
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 16 October 2026 via checked.be.