WINSTON: what changed
Two fiscal 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.
WINSTON
Largest movements
- Cash +€6,399
up €6,399 (+45.5%), from €14,066 to €20,465
mainly Net result for the year (+€24,055) and Tax, wage and social debts (+€2,573)
- Deferred charges and accrued income +€1,512
up €1,512 (+585.9%), from €258 to €1,771
- Reserves +€24,055
up €24,055 (+384.5%), from €6,256 to €30,311
of which Distributable reserves: +€24,055
- Debts after one year -€13,409
down €13,409 (-25.2%), from €53,315 to €39,906
- Other debts -€8,977
down €8,977 (-20.7%), from €43,289 to €34,312
- Tax, wage and social debts +€2,573
up €2,573 (+34.8%), from €7,385 to €9,958
- Trade debts +€2,446
up €2,446 (+267.6%), from €914 to €3,360
- Gross operating margin +€21,833
up €21,833 (+136.7%), from €15,968 to €37,801
- Taxes +€4,446
up €4,446 (+177.5%), from €2,505 to €6,951
- Financial charges +€1,944
up €1,944 (+81.6%), from €2,382 to €4,326
- Depreciation +€766
up €766 (+99.7%), from €769 to €1,535
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.
Cash bridge derived
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 | €136,196 | €143,656 | +€7,460 | +5.5% |
| Fixed assets | 21/28 | €120,713 | €121,343 | +€630 | +0.5% |
| Tangible fixed assets | 22/27 | €2,713 | €3,343 | +€630 | +23.2% |
| Furniture and vehicles | 24 | €2,713 | €3,343 | +€630 | +23.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €118,000 | €118,000 | = | 0.0% |
| Current assets | 29/58 | €15,483 | €22,313 | +€6,830 | +44.1% |
| Amounts receivable within one year | 40/41 | €1,159 | €77 | -€1,082 | -93.3% |
| Trade receivables | 40 | €1,089 | €0 | -€1,089 | -100.0% |
| Other amounts receivable | 41 | €70 | €77 | +€7 | +10.5% |
| Cash at bank and in hand | 54/58 | €14,066 | €20,465 | +€6,399 | +45.5% |
| Deferred charges and accrued income | 490/1 | €258 | €1,771 | +€1,512 | +585.9% |
| Total equity and liabilities | 10/49 | €136,196 | €143,656 | +€7,460 | +5.5% |
| Equity | 10/15 | €18,656 | €42,711 | +€24,055 | +128.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,256 | €30,311 | +€24,055 | +384.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €6,256 | €30,311 | +€24,055 | +384.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €117,540 | €100,945 | -€16,595 | -14.1% |
| Amounts payable after more than one year | 17 | €53,315 | €39,906 | -€13,409 | -25.2% |
| Financial debts | 170/4 | €53,315 | €39,906 | -€13,409 | -25.2% |
| Amounts payable within one year | 42/48 | €64,225 | €61,038 | -€3,186 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €12,636 | €13,409 | +€773 | +6.1% |
| Trade debts | 44 | €914 | €3,360 | +€2,446 | +267.6% |
| Suppliers | 440/4 | €914 | €3,360 | +€2,446 | +267.6% |
| Taxes, remuneration and social security | 45 | €7,385 | €9,958 | +€2,573 | +34.8% |
| Taxes | 450/3 | €7,385 | €9,958 | +€2,573 | +34.8% |
| Other amounts payable | 47/48 | €43,289 | €34,312 | -€8,977 | -20.7% |
| Non-recurring operating income | 76A | €17,334 | €0 | -€17,334 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €769 | €1,535 | +€766 | +99.7% |
| Other operating charges | 640/8 | €795 | €933 | +€138 | +17.4% |
| Non-recurring operating charges | 66A | €6,626 | €0 | -€6,626 | -100.0% |
| Gross operating margin | 9900 | €15,968 | €37,801 | +€21,833 | +136.7% |
| Operating profit (loss) | 9901 | €7,778 | €35,332 | +€27,554 | +354.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,382 | €4,326 | +€1,944 | +81.6% |
| Recurring financial charges | 65 | €2,382 | €4,326 | +€1,944 | +81.6% |
| Profit (loss) for the period before taxes | 9903 | €5,396 | €31,006 | +€25,610 | +474.6% |
| Income taxes | 67/77 | €2,505 | €6,951 | +€4,446 | +177.5% |
| Profit (loss) for the period | 9904 | €2,891 | €24,055 | +€21,164 | +732.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,891 | €24,055 | +€21,164 | +732.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.